Skip to content
Nonprofiteer
← INDEPENDENT INSURANCE AGENTS OF NJ

Form 990 for tax year 2022

Filed by INDEPENDENT INSURANCE AGENTS OF NJ.

Totals

Total revenue
$1,168,936
Total expenses
$1,405,829
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$603,625
Investment income
$79,394
Other revenue
$485,917
Total assets, end of year
$4,234,846
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,234,846
Program services expenses (Part IX)
$358,748
Management and general expenses
$1,047,081
Fundraising expenses
$0
Program service expenses (Part III)
$358,748

Program services were 25.5% 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.

  • 2a · Program service revenue: Membership Dues & Assessments

    total $405,055 · related or exempt $405,055

  • 2b · Program service revenue: Meetings

    total $105,830 · related or exempt $105,830

  • 2c · Program service revenue: Education

    total $67,582 · related or exempt $67,582

  • 2d · Program service revenue: Young Agents Committee

    total $24,960 · related or exempt $24,960

  • 2f · All other program service revenue

    total $198 · related or exempt $198

  • 3 · Investment income

    total $104,731 · related or exempt $104,731

  • 7a · Gross sales of assets other than inventory

    securities $5,215,783

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

    securities $5,241,120

  • 7c · Gain or loss

    securities -$25,337

  • 7d · Net gain or loss

    total -$25,337 · related or exempt -$25,337

  • 11a · Other revenue: Administrative Services

    total $373,897 · related or exempt $373,897

  • 11b · Other revenue: Royalty Fee

    total $58,020 · related or exempt $58,020

  • 11c · Other revenue: Referral Mgmt Fee

    total $54,000 · related or exempt $54,000

  • 11e · Other revenue, total

    $485,917

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $166,791 · management and general $166,791

  • 7 · Other salaries and wages

    total $338,886 · management and general $338,886

  • 10 · Payroll taxes

    total $40,559 · management and general $40,559

  • 11c · Fees: accounting

    total $21,610 · management and general $21,610

  • 11f · Fees: investment management

    total $50,211 · management and general $50,211

  • 13 · Office expenses

    total $328 · management and general $328

  • 16 · Occupancy

    total $29,520 · management and general $29,520

  • 22 · Depreciation, depletion and amortization

    total $11,749 · management and general $11,749

  • 24a · Other expenses: Trusted Choice Advertis

    total $172,852 · program services $172,852

  • 24b · Other expenses: National Association Du

    total $110,926 · management and general $110,926

  • 24c · Other expenses: Anual & Semiannual Meet

    total $98,905 · program services $98,905

  • 24d · Other expenses: Outside Services

    total $63,600 · management and general $63,600

  • 24e · All other expenses

    total $299,892 · program services $86,991 · management and general $212,901

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $194,252 · end of year $179,894

  • 2 · Savings and temporary cash investments

    beginning of year $767,151 · end of year $503,670

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

    $110,722

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

    $110,493

  • 10c · Land, buildings and equipment, net

    beginning of year $754 · end of year $229

  • 11 · Investments: publicly traded securities

    beginning of year $3,412,422 · end of year $3,471,243

  • 13 · Investments: program-related

    beginning of year $93,440 · end of year $93,440

  • 15 · Other assets

    beginning of year $3,720 · end of year -$13,630

  • 27 · Net assets without donor restrictions

    beginning of year $4,479,899 · end of year $4,240,887

  • 28 · Net assets with donor restrictions

    beginning of year -$8,160 · end of year -$6,041

Mission and programs · 2022

Mission

The Independent Insurance Agents of New Jersey was founded to promote and uphold the principles and practices of the American Independent Insurance Agency system and advance the independent insurance agency system through advocacy and professionalism while supporting member success in serving our communities with excellence.

  • Trusted Choice

    Expenses $193,202

  • Educational Courses

    Expenses $32,590

  • Annual Meeting $ 98905Young Agents Committee $ 28424Membership Development $ 2051

    Expenses $129,380

  • PAC Fund $3,576

    Expenses $3,576

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christopher P O'Neill

    Chairman

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kristin Ryan

    Vice Chairman/Treasurer

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gerald F Ford III

    National Director

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Harold W Soden Jr

    Immediate Past Chairman

    Total calculated
    $0
    Hours/week
    0

  • Jeff Wyrsch

    Director

    Total calculated
    $0
    Hours/week
    0

  • David J Strout Jr

    Director

    Total calculated
    $0
    Hours/week
    0

  • Robert D Hess

    Director

    Total calculated
    $0
    Hours/week
    0

  • Leland S Stanford

    Director

    Total calculated
    $0
    Hours/week
    0

  • Scott Caughlan

    Director

    Total calculated
    $0
    Hours/week
    0

  • Jacki Frank

    Director

    Total calculated
    $0
    Hours/week
    0

  • Matthew Hill

    Director

    Total calculated
    $0
    Hours/week
    0

  • Ramiro Martinez-Anillo

    Director

    Total calculated
    $0
    Hours/week
    0

  • Jamie Nielsen

    Director

    Total calculated
    $0
    Hours/week
    0

  • Annmarie Westerfield

    Director

    Total calculated
    $0
    Hours/week
    0

  • George Zelhof

    Director

    Total calculated
    $0
    Hours/week
    0

  • Kevin Shannon

    Director

    Total calculated
    $0
    Hours/week
    0

  • Glen Watkins

    Director

    Total calculated
    $0
    Hours/week
    0

  • Michael L Razze Jr

    President & CEO

    Total calculated
    $166,791
    From this org
    $166,791
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,791
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $166,791

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

  • 3 · Written employment contract
  • 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

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.

  • IIANJ Marketing Programs Inc

    C · Ancillary Profit Directed Activities · NJ · 100% owned · share of income -$80,404 · share of assets $5,095,848

  • IIANJ Realty Corp Inc

    C · Building Administration · NJ · 100% owned · share of income $10,942 · share of assets $509,044

Provenance

Return type
form_990
Tax year
2022
Filed
8 February 2024
IRS schema version
2022v5.0
Source object
202400479349301655

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.