Wholesale And Specialty Insurance Association
- Assets
- $18.8m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Kansas City, MO
- Founding
- 04/1951
- Data as of
- 12/2021
- EIN
- 86-0140772
Organization Overview
Wholesale And Specialty Insurance Association is located in Kansas City, MO. The organization was established in 1951. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Wholesale And Specialty Insurance Association employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wholesale And Specialty Insurance Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Wholesale And Specialty Insurance Association generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $7.6m during the year ending 12/2021. While expenses have increased by 15.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wholesale And Specialty Insurance Association has awarded 22 individual grants totaling $415,056. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WHOLESALE & SPECIALTY INSURANCE ASSOCIATION IS THE NON-PROFIT ASSOCIATION OF INSURANCE PROFESSIONALS AND SPECIALTY MARKET LEADERS DEDICATED TO THE WHOLESALE DISTRIBUTION SYSTEM. THE WHOLESALE & SPECIALTY INSURANCE ASSOCIATION REPRESENTS THE INTERESTS OF ITS MEMBERS AND THE VALUABLE ROLE THEY PLAY IN THE INSURANCE MARKET THROUGH NETWORKING, EDUCATION, TALENT RECRUITMENT AND DEVELOPMENT, REGULATORY AND LEGISLATIVE ADVOCACY FOR THE WHOLESALE, SPECIALTY AND SURPLUS LINES INDUSTRY, AND BY PROMOTING THE VALUE OF THE WHOLESALE DISTRIBUTION CHANNEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WSIA OFFERS THE FOLLOWING OPPORTUNITIES THROUGHOUT THE YEAR TO MEMBERS:* INDUSTRY NETWORKING MEETINGS (THE ANNUAL MARKETPLACE, UNDERWRITING SUMMIT, U40 ANNUAL MEETING AND AUTOMATION CONFERENCE)* MEMBER EDUCATION (EXCESS & SURPLUS LINES PROGRAM, ADVANCED E&S PROGRAM, EXECUTIVE LEADERSHIP SUMMIT, CONSULTATIVE SELLING AND NEGOTIATIONS PROGRAM, SURPLUS LINES MANAGEMENT PROGRAM, ONLINE PROGRAMS, WSIA UNIVERSITY, UNDERWRITING BOOT CAMP, AND EFFECTIVE COACHING)
WSIA'S LEGISLATIVE AND REGULATORY ADVOCACY EFFORTS PROVIDE AN IMPORTANT SERVICE FOR MEMBERS BY MONITORING AND EXPRESSING POSITIONS ON STATE AND FEDERAL ISSUES AFFECTING THE WHOLESALE, SPECIALTY AND SURPLUS LINES INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brady R Kelley Executive Director | Officer | 40 | $615,000 |
Julie Fritz Director Of Operations | 40 | $320,000 | |
Keri Kish Director Of Government Rel | 40 | $255,400 | |
Debbie Hill Director Of Meetings & Con | 40 | $227,000 | |
Susan Henderson Director Of Marketing & Co | 40 | $168,000 | |
Chris Timmerman Sr Mgr Student Relations | 40 | $120,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faegre Baker Daniels Llp Lobbying | 12/30/21 | $300,000 |
Briarcliff Village Rent | 12/30/21 | $208,384 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $533,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $533,180 |
| Total Program Service Revenue | $7,822,698 |
| Investment income | $449,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $61,122 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,866,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,810 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $636,481 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,057,150 |
| Pension plan accruals and contributions | $158,499 |
| Other employee benefits | $203,977 |
| Payroll taxes | $146,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,973 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $306,299 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,613 |
| Advertising and promotion | $0 |
| Office expenses | $60,009 |
| Information technology | $120,748 |
| Royalties | $0 |
| Occupancy | $186,583 |
| Travel | $59,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,525,277 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,026 |
| Insurance | $70,339 |
| All other expenses | $0 |
| Total functional expenses | $7,600,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $4,136,267 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $253,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $526,984 |
| Net Land, buildings, and equipment | $102,809 |
| Investments—publicly traded securities | $12,853,590 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $950,000 |
| Total assets | $18,822,965 |
| Accounts payable and accrued expenses | $1,934,467 |
| Grants payable | $0 |
| Deferred revenue | $1,638,688 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,573,155 |
| Net assets without donor restrictions | $15,249,810 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,822,965 |
Grants Awarded
Over the last fiscal year, Wholesale And Specialty Insurance Association has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Powell, OH PURPOSE: SUSTAINING PARTNER CONTRIBUTION | $10,000 |
Alexandria, VA PURPOSE: BIG I SPONSORSHIP | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wholesale And Specialty Insurance Association has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Pennsylvania Surplus Lines Association Exton, PA | | $15,000 |
Pennsylvania Surplus Lines Association Exton, PA | | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Appraisal Institute Chicago, IL | $29,125,581 | $19,187,200 |
American Massage Therapy Assn Evanston, IL | $43,659,958 | $20,082,192 |
National Roofing Contractors Association Rosemont, IL | $27,483,299 | $17,802,756 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |
American Marketing Association Inc Chicago, IL | $9,741,723 | $15,191,106 |
Alliance For Audited Media Lisle, IL | $17,794,762 | $11,739,341 |
American Society Of Safety Professionals Park Ridge, IL | $23,941,077 | $16,437,200 |
Prestressed Concrete Institute Chicago, IL | $8,854,978 | $13,790,264 |
Nashville Downtown Partnership Inc Nashville, TN | $5,610,530 | $12,726,748 |