Form 990 for tax year 2022
Filed by INDEPENDENT INSURANCE AGENTS OF RHODE ISLAND.
Totals
- Total revenue
- $708,523
- Total expenses
- $698,971
- Contributions and grants received
- $220,093
- Grants paid
- $9,208
- Program service revenue
- $451,327
- Investment income
- $37,103
- Other revenue
- $0
- Total assets, end of year
- $2,396,366
- Total liabilities, end of year
- $145,900
- Net assets or fund balances, end of year
- $2,250,466
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$60,000
-
1f · All other contributions, gifts and grants
$160,093
-
2a · Program service revenue: CONVENTION, MEETINGS, OUTINGS
total $154,314 · related or exempt $154,314
-
2b · Program service revenue: MEMBERSHIP DUES
total $132,531 · related or exempt $132,531
-
2c · Program service revenue: ED- SEMINARS & MINICOURSES
total $101,020 · related or exempt $101,020
-
2d · Program service revenue: IIABA REVENUE SHARING
total $49,015 · excluded $49,015
-
2e · Program service revenue: MEMBERSHIP SERVICES
total $14,447 · unrelated business $14,447
-
3 · Investment income
total $50,882 · excluded $50,882
-
7a · Gross sales of assets other than inventory
securities $764,409 · other assets $12
-
7b · Less cost or other basis and sales expenses
securities $778,200
-
7c · Gain or loss
securities -$13,791 · other assets $12
-
7d · Net gain or loss
total -$13,779 · related or exempt -$13,779
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $9,208
-
11a · Fees: management
total $120,000
-
11c · Fees: accounting
total $13,955
-
11d · Fees: lobbying
total $30,000
-
11f · Fees: investment management
total $13,560
-
12 · Advertising and promotion
total $262,100
-
13 · Office expenses
total $8,931
-
17 · Travel
total $16,354
-
19 · Conferences, conventions and meetings
total $119,145
-
20 · Interest
total $23
-
21 · Payments to affiliates
total $52,214
-
23 · Insurance
total $3,427
-
24a · Other expenses: EDUCATION EXPENSE:SEMINAR
total $40,997
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $2,495
-
24c · Other expenses: FEDERAL INCOME TAX
total $2,407
-
24d · Other expenses: EDUCATION EXPENSE - L&H E
total $1,500
-
24e · All other expenses
total $2,655
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $92,782 · end of year $36,660
-
2 · Savings and temporary cash investments
beginning of year $233,569 · end of year $82,154
-
4 · Accounts receivable
beginning of year $64,031 · end of year $72,470
-
9 · Prepaid expenses and deferred charges
beginning of year $6,684 · end of year $1,000
-
11 · Investments: publicly traded securities
beginning of year $1,879,445 · end of year $2,154,082
-
12 · Investments: other securities
beginning of year $50,000 · end of year $50,000
-
17 · Accounts payable and accrued expenses
beginning of year $71,950 · end of year $46,895
-
19 · Deferred revenue
beginning of year $92,032 · end of year $82,657
-
25 · Other liabilities
end of year $16,348
-
31 · Retained earnings, endowment or other funds
beginning of year $2,162,529 · end of year $2,250,466
Mission and programs · 2022
Mission
TO ENHANCE THE COMPETITIVE POSITION AND TO SATISFY THE BUSINESS, PROFESSIONAL,AND EDUCATIONAL NEEDS OF THE INDEPENDENT INSURANCE AGENCY MEMBERS. SIGNIFICANT ACTIVITIES INCLUDE EDUCATIONAL PROGRAMS AND SERVICES TO MEMBERS THAT PROMOTE PROFESSIONAL COMPETENCE AND KEEP MEMBER AGENCIES AND THEIR ASSOCIATES ABREAST OF CONTINUAL CHANGES AND TRENDS WITHIN THE INSURANCE INDUSTRY.
-
THE ORGANIZATION PROVIDED MEMBERSHIP SERVICES TO APPROXIMATELY 125 MEMBER AGENCIES.
-
THE ORGANIZATION GENERALLY HOLDS AN ANNUAL CONVENTION AS WELL AS APPROXIMATELY 5 MEETINGS AND NETWORKING EVENTS WITH APPROXIMATELY 500 ATTENDEES THROUGHOUT THE YEAR. APPROXIMATELY 250 INDIVIDUALS PARTICIPATED IN VARIOUS EVENTS.
-
THE ORGANIZATION CONDUCTED APPROXIMATELY 63 EDUCATIONAL PROGRAMS AND SEMINARS FOR THE PURPOSE OF ATTAINING AND MAINTAINING DESIGNATIONS AND CERTIFICATIONS IN THE INSURANCE INDUSTRY. APPROXIMATE ATTENDANCE WAS 818.
-
SEE RESPONSES GIVEN TO QUESTION 4A 4B AND 4C ON PAGE 2 PART III
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mark A MaleMARK A MALE
EXEC VP/TREA
- Total calculated
- $207,762
- From this org
- $0
- From related orgs
- $183,027
- Other
- $24,735
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $183,027 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $24,735 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $207,762 related
-
Christopher CaluoriCHRISTOPHER CALUORI
DIRECTOR
- Total calculated
- $0
-
John EdgeJOHN EDGE
DIRECTOR
- Total calculated
- $0
-
Daniel LathropDANIEL LATHROP
DIRECTOR
- Total calculated
- $0
-
Margaret LongoluccoMARGARET LONGOLUCCO
DIRECTOR
- Total calculated
- $0
-
Christopher SlocumCHRISTOPHER SLOCUM
DIRECTOR
- Total calculated
- $0
-
Sean P DalySEAN P DALY
VICE PRESIDE
- Total calculated
- $0
-
Thomas J DisantoTHOMAS J DISANTO
PRESIDENT
- Total calculated
- $0
-
Anthony Bucci JrANTHONY BUCCI JR
IMM PAST PRE
- Total calculated
- $0
-
Doug MayhewDOUG MAYHEW
NATIONAL DIR
- Total calculated
- $0
-
Joseph PaivaJOSEPH PAIVA
PRESIDENT EL
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- SCHEDULE J, PART III
- COMPENSATION PAID BY RHODE ISLAND ASSOCIATION OF INSURANCE AGENTS, INC. FOR MANAGEMENT SERVICES PROVIDED TO THE FILING ORGANIZATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
RI ASSOC OF INSURANCE AGENTS INC
INS SALES · RI
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430169349302888
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