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← INDEPENDENT INSURANCE AGENTS OF SOUTH DAKOTA

Form 990 for tax year 2023

Filed by INDEPENDENT INSURANCE AGENTS OF SOUTH DAKOTA.

Totals

Total revenue
$848,323
Total expenses
$889,500
Contributions and grants received
$480,973
Grants paid
$0
Program service revenue
$329,005
Investment income
$12,309
Other revenue
$26,036
Total assets, end of year
$707,941
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$707,941
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.

  • 1b · Membership dues

    $270,410

  • 1d · Related organizations

    $35,313

  • 1f · All other contributions, gifts and grants

    $175,250

  • 2a · Program service revenue: ADMINISTRATION EXP REIMBURSE

    total $280,000 · related or exempt $280,000

  • 2b · Program service revenue: CONVENTIONS

    total $49,005 · related or exempt $49,005

  • 3 · Investment income

    total $12,309 · excluded $12,309

  • 11a · Other revenue: MISC INCOME

    total $26,036 · related or exempt $26,036

  • 11e · Other revenue, total

    $26,036

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $163,000

  • 7 · Other salaries and wages

    total $172,000

  • 9 · Other employee benefits

    total $15,905

  • 10 · Payroll taxes

    total $25,877

  • 11c · Fees: accounting

    total $28,538

  • 11d · Fees: lobbying

    total $24,902

  • 12 · Advertising and promotion

    total $50,832

  • 13 · Office expenses

    total $1,415

  • 16 · Occupancy

    total $15,190

  • 17 · Travel

    total $67,258

  • 19 · Conferences, conventions and meetings

    total $169,324

  • 22 · Depreciation, depletion and amortization

    total $10,888

  • 23 · Insurance

    total $16,006

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $86,513

  • 24b · Other expenses: REPAIRS & MAINT

    total $34,836

  • 24c · Other expenses: MISCELLANEOUS

    total $4,224

  • 24d · Other expenses: SUPPLIES

    total $2,792

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $86,921 · end of year $45,660

  • 2 · Savings and temporary cash investments

    beginning of year $350,799 · end of year $361,772

  • 10a · Land, buildings and equipment: cost or other basis

    $442,749

  • 10b · Land, buildings and equipment: accumulated depreciation

    $176,440

  • 10c · Land, buildings and equipment, net

    beginning of year $278,065 · end of year $266,309

  • 12 · Investments: other securities

    beginning of year $34,200 · end of year $34,200

  • 27 · Net assets without donor restrictions

    beginning of year $749,985 · end of year $707,941

Mission and programs · 2023

Mission

PROMOTE AND SUPPORT SOUND PRINCIPALS IN THE TRANSACTION OF THE BUSINESS OF INSURANCE, PROMOTE AND ENCOURAGE CONFIDENCE AND GOODWILL AMOND ITS MEMBERS, MAINTAIN A HIGH STANDARD OF INTEGRETY AND SERVICE IN SUCH INSURANCE BUSINESS, AND PROMOTE AND SUPPORT GOOD PUBLIC RELATIONS WITH INSURANCE COMPANIES AND THE INSURANCE BUYING PUBLIC.

  • PROMOTE AND SUPPORT SOUND PRINCIPLES IN THE TRANSACTION OF THE BUSINESS OF INSURANCE, PROMOTE AND ENCOURAGE CONFIDENCE AND GOODWILL AMONG ITS MEMBERS, MAINTAIN A HIGH STANDARD OF INTEGRITY AND SERVICE IN SUCH INSURANCE BUSINESS, AND PROMOTE AND SUPPORT GOOD PUBLIC RELATIONS WITH INSURANCE COMPANIES AND THE INSURANCE BUYING PUBLIC.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Chrysler

    EXECUTIVE DI

    Total calculated
    $167,890
    From this org
    $163,000
    From related orgs
    $0
    Other
    $4,890
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,890
    Nontaxable benefits
    not reported
    Filer's total
    $167,890

  • Aubriana Diaz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Karst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Leighton

    PRESIDENT EL

    Total calculated
    $0
    Hours/week
    1

  • Barb Lenocker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Derrick Linn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Maguire

    IIABA NAT'L

    Total calculated
    $0
    Hours/week
    1

  • Rich Maguire

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Nepodal

    SECRETARY-TR

    Total calculated
    $0
    Hours/week
    1

  • Melanie Parsons

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Eric Payne

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brent Rohl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sharon Wirth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

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.

  • IIASD SERVICE CORPORATION

    C CORP · INSURANCE · SD · 100% owned · share of income $138,139 · share of assets $1,976,437

Provenance

Return type
form_990
Tax year
2023
Filed
17 June 2024
IRS schema version
2023v5.0
Source object
202411729349300821

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