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← INDEPENDENT INSURANCE AGENTS OF TEXAS

Form 990 for tax year 2024

Filed by INDEPENDENT INSURANCE AGENTS OF TEXAS.

Totals

Total revenue
$4,494,507
Total expenses
$4,152,813
Contributions and grants received
$0
Grants paid
$20,000
Program service revenue
$2,918,193
Investment income
$433,708
Other revenue
$1,142,606
Total assets, end of year
$16,993,294
Total liabilities, end of year
$918,984
Net assets or fund balances, end of year
$16,074,310
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,228,274 · related or exempt $1,228,274

  • 2b · Program service revenue: CONFERENCES AND MEETINGS

    total $912,344 · related or exempt $912,344

  • 2c · Program service revenue: EDUCATION

    total $647,885 · related or exempt $647,885

  • 2d · Program service revenue: OTHER MEMBER SERVICES

    total $129,690 · related or exempt $129,690

  • 3 · Investment income

    total $524,306 · excluded $524,306

  • 5 · Royalties

    total $1,142,606 · excluded $1,142,606

  • 7a · Gross sales of assets other than inventory

    securities $389,849

  • 7b · Less cost or other basis and sales expenses

    securities $480,447

  • 7c · Gain or loss

    securities -$90,598

  • 7d · Net gain or loss

    total -$90,598 · excluded -$90,598

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000

  • 5 · Compensation of officers, directors and key employees

    total $818,757

  • 7 · Other salaries and wages

    total $716,968

  • 8 · Pension plan contributions

    total $59,120

  • 9 · Other employee benefits

    total $136,959

  • 10 · Payroll taxes

    total $101,041

  • 11c · Fees: accounting

    total $77,377

  • 11f · Fees: investment management

    total $67,267

  • 11g · Fees: other

    total $48,350

  • 13 · Office expenses

    total $219,405

  • 14 · Information technology

    total $126,769

  • 16 · Occupancy

    total $115,234

  • 17 · Travel

    total $165,211

  • 19 · Conferences, conventions and meetings

    total $961,322

  • 21 · Payments to affiliates

    total $410,907

  • 23 · Insurance

    total $47,826

  • 24a · Other expenses: COMMITTEE AND OTHER COS

    total $60,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $497,420 · end of year $836,244

  • 4 · Accounts receivable

    beginning of year $263,390 · end of year $193,442

  • 9 · Prepaid expenses and deferred charges

    beginning of year $97,334 · end of year $79,530

  • 11 · Investments: publicly traded securities

    beginning of year $13,764,230 · end of year $14,774,925

  • 12 · Investments: other securities

    beginning of year $1,225,846 · end of year $1,109,153

  • 17 · Accounts payable and accrued expenses

    beginning of year $170,433 · end of year $148,386

  • 19 · Deferred revenue

    beginning of year $695,348 · end of year $770,598

  • 27 · Net assets without donor restrictions

    beginning of year $14,982,439 · end of year $16,074,310

Mission and programs · 2024

Mission

TRADE ASSOCIATION FOR INSURANCE AGENTS

Activities or mission (Part I)

TRADE ASSOCIATION FOR INSURANCEAGENTS

  • IIAT PROVIDES NUMEROUS MEMBERSHIP BENEFITS. THE BI-WEEKLY "TEXAS AGENT"NEWSLETTER KEEPS MEMBERS INFORMED ABOUT CURRENT EVENTS AND ISSUES IN TEXAS INSURANCE FROM THE AGENT'S PERSPECTIVE. MEMBERS CAN ACCESS NEARLY EVERY IIAT SERVICE ONLINE FROM THEIR COMPUTER BY VISITING WWW.IIAT.ORG WHERE A VAST ARRAY OF HELPFUL INFORMATION IS AVAILABLE. INFORCENTRAL IS IIAT'S PREMIER ONLINE RESEARCH LIBRARY WITH EXPLANATIONS OF COMPLEX POLICY LANGUAGE, TECHNICAL COVERAGE ARTICLES, CLIENT COMMUNICATIONS AND MORE. MEMBERSHIP IN IIAT AUTOMATICALLY QUALIFIES THE AGENT FOR MEMBERSHIP IN IIAT'S NATIONAL AFFILIATE, THE INDEPENDENT INSURANCE AGENTS AND BROKERS OF AMERICA.

  • IIAT HOSTS FOUR MAJOR CONFERENCES AND MEETINGS EACH YEAR. IIAT'S ANNUALCONFERENCE AND TRADE SHOW FEATURES TWO DAYS OF TOP-NOTCH SPEAKERS, CONTINUING EDUCATION WORKSHOPS, EXHIBITS AND ENTERTAINMENT, PLUS THE CHANCE TO MIX WITH NEARLY 1,000 INDUSTRY COLLEAGUES. THE ANNUAL JOE VINCENT MANAGEMENT SEMINAR IS ONE OF THE PREMIER EDUCATIONAL EVENTS OF THE YEAR IN TEXAS AND IS DEVOTED EXCLUSIVELY TO AGENCY OWNERS AND MANAGERS WITH A THREE-DAY PROGRAM WITH MULTIPLE WORKSHOPS AND PRESENTATIONS FOCUSED ON MANAGEMENT ISSUES AND TECHNIQUES. THE SMALL AGENCY CONFERENCE IS GEARED TO THE NEEDS OF AGENCY OWNERS WRITING MOSTLY SMALL ACCOUNTS AND IS A ONE-OF-A-KIND EVENT FOR SMALL AGENCIES WITH CONTINUING EDUCATION WORKSHOPS, NETWORKING, AND MARKET ACCESS.

  • IIAT'S GOVERNMENTAL AFFAIRS STAFF AND GRASSROOTS LEADERSHIP TEAM WORKCLOSELY WITH LAWMAKERS AND POLITICAL LEADERS AS A RESOURCE FOR INSURANCE INFORMATION AS IT RELATES TO AGENTS. IIAT'S CLOSE RELATIONSHIP WITH THE TEXAS DEPARTMENT OF INSURANCE ENSURES IIAT MEMBERS' VOICES ARE HEARD AS REGULATIONS ARE DRAFTED AND RULES PUBLISHED. IIAT PUBLISHES THE "CAPITOL REPORT" WHILE THE TEXAS LEGISLATURE IS IN SESSION AND PROVIDES ONLINE BILL ANALYSES WITH CURRENT INFORMATION ABOUT PROPOSED LEGISLATION AND HOW THEY WILL AFFECT AGENTS.

As filed on the 2024 return.

Listed in Part VII

  • Ben Patterson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christy Ross

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Josh Andrajack

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Josh Fields

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kyle Dean

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Perkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mona Villanueva

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert Nitsche

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ross Ormond

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tommy Dies

    CHARIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Travis McDavid

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tyler Spears

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Josh Lewis

    TREASURER

    Total calculated
    $148,384
    From this org
    $128,625
    From related orgs
    $0
    Other
    $19,759
    Hours/week
    39 + 1 related

  • Marit Peters

    PRESIDENT

    Total calculated
    $413,096
    From this org
    $373,652
    From related orgs
    $0
    Other
    $39,444
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $323,652
    Bonus
    $50,000
    Other
    $0
    Deferred
    $32,365
    Nontaxable benefits
    $7,079
    Filer's total
    $413,096

  • Cindy Quy

    SECRETARY

    Total calculated
    $80,995
    From this org
    $73,887
    From related orgs
    $0
    Other
    $7,108
    Hours/week
    39 + 1 related

  • Angela Ford

    CONTINUOUS IMPROVEMENT DIRECTOR

    Total calculated
    $176,282
    From this org
    $153,758
    From related orgs
    $0
    Other
    $22,524
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $144,758
    Bonus
    $9,000
    Other
    $0
    Deferred
    $14,476
    Nontaxable benefits
    $8,048
    Filer's total
    $176,282

  • Regan Ellmer

    GOVERNMENTAL AFFAIRS DIRECTOR

    Total calculated
    $184,245
    From this org
    $160,178
    From related orgs
    $0
    Other
    $24,067
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $153,678
    Bonus
    $6,500
    Other
    $0
    Deferred
    $15,368
    Nontaxable benefits
    $8,699
    Filer's total
    $184,245

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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)

PART I, LINE 1A
EACH YEAR IIAT HOSTS ITS ANNUAL CONVENTION CALLED INSURCON WHERE IT PAYS FOR THE TRAVEL EXPENSE INCURRED BY THE SPOUSES OF BOARD MEMBERS THAT ATTEND. EACH YEAR IIAT'S NATIONAL ASSOCIATION (IIABA) HOSTS A NATIONAL LEGISLATIVE CONFERENCE IN WASHINGTON DC AND IIAT PAYS FOR THE TRAVEL EXPENSE INCURRED BY THE SPOUSES OF THE EXECUTIVE COMMITTEE OF THE BOARD THAT ATTEND.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • POLITICAL ACTION COMMITTEE OF IIAT

    527 · POLITICAL ACTION COMMITTEE · TX

  • IIAT FOUNDATION

    501(C)(3) · EDUCATIONAL FOUNDATION · TX

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.

  • IIAT SERVICES COMPANY

    C · INSURANCE RELATED ACTIVITY · TX · 100% owned · share of assets $2,284,834 · controlled entity

    Directly controlled by IIAT

  • PROJECT RUNOFF INC

    C · INSURANCE RELATED ACTIVITY · TX · 100% owned · share of assets $250 · controlled entity

    Directly controlled by IIAT SERVICES

Provenance

Return type
form_990
Tax year
2024
Filed
9 July 2026
IRS schema version
2024v5.5
Source object
202641949349300844

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