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← INDEPENDENT INSURANCE AGENTS AND BROKERS OF AMERICA INC

Form 990 for tax year 2023

Filed by INDEPENDENT INSURANCE AGENTS AND BROKERS OF AMERICA INC.

Totals

Total revenue
$12,370,266
Total expenses
$11,815,869
Contributions and grants received
$0
Grants paid
$153,500
Program service revenue
$9,889,654
Investment income
$603,915
Other revenue
$1,876,697
Total assets, end of year
$29,254,425
Total liabilities, end of year
$2,620,928
Net assets or fund balances, end of year
$26,633,497
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: MEMBER DUES

    total $5,487,575 · related or exempt $5,487,575

  • 2b · Program service revenue: MANAGEMENT FEES

    total $2,763,721 · related or exempt $2,763,721

  • 2c · Program service revenue: SPONSORSHIP REVENUE

    total $1,485,493 · related or exempt $1,485,493

  • 2d · Program service revenue: PRODUCT SALES

    total $152,865 · related or exempt $152,865

  • 3 · Investment income

    total $528,086 · excluded $528,086

  • 5 · Royalties

    total $1,485,759 · excluded $1,485,759

  • 6a · Gross rents

    real property $339,677

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $339,677

  • 6d · Net rental income or loss

    total $339,677 · excluded $339,677

  • 7a · Gross sales of assets other than inventory

    securities $1,039,562

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

    securities $589,829 · other assets $373,904

  • 7c · Gain or loss

    securities $449,733 · other assets -$373,904

  • 7d · Net gain or loss

    total $75,829 · excluded $75,829

  • 11d · All other revenue

    total $51,261 · related or exempt $51,261

  • 11e · Other revenue, total

    $51,261

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $125,000

  • 2 · Grants to domestic individuals

    total $28,500

  • 5 · Compensation of officers, directors and key employees

    total $1,006,865

  • 7 · Other salaries and wages

    total $4,105,278

  • 8 · Pension plan contributions

    total $329,927

  • 9 · Other employee benefits

    total $902,913

  • 10 · Payroll taxes

    total $311,541

  • 11b · Fees: legal

    total $81,110

  • 11c · Fees: accounting

    total $54,427

  • 11f · Fees: investment management

    total $39,562

  • 11g · Fees: other

    total $983,328

  • 12 · Advertising and promotion

    total $130,691

  • 13 · Office expenses

    total $1,156,137

  • 14 · Information technology

    total $538,527

  • 16 · Occupancy

    total $390,394

  • 17 · Travel

    total $259,299

  • 19 · Conferences, conventions and meetings

    total $27,466

  • 22 · Depreciation, depletion and amortization

    total $231,106

  • 23 · Insurance

    total $90,316

  • 24a · Other expenses: COMMUNITY RELATIONS

    total $52,833

  • 24b · Other expenses: BOOK & SUBSCRIPTIONS

    total $50,955

  • 24c · Other expenses: PARKING EXPENSES

    total $40,704

  • 24d · Other expenses: AWARDS & PRIZES

    total $31,048

  • 24e · All other expenses

    total $847,942

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $947,441 · end of year $698,994

  • 4 · Accounts receivable

    beginning of year $296,388 · end of year $279,688

  • 9 · Prepaid expenses and deferred charges

    beginning of year $265,633 · end of year $315,708

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

    $9,188,332

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

    $6,121,153

  • 10c · Land, buildings and equipment, net

    beginning of year $3,162,006 · end of year $3,067,179

  • 11 · Investments: publicly traded securities

    beginning of year $11,138,189 · end of year $11,639,646

  • 12 · Investments: other securities

    beginning of year $10,834,643 · end of year $10,035,065

  • 14 · Intangible assets

    beginning of year $988,889 · end of year $838,065

  • 15 · Other assets

    beginning of year $1,146,271 · end of year $2,380,080

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,216,401 · end of year $895,870

  • 19 · Deferred revenue

    beginning of year $722,123 · end of year $413,699

  • 25 · Other liabilities

    beginning of year $1,524,035 · end of year $1,311,359

  • 27 · Net assets without donor restrictions

    beginning of year $25,316,901 · end of year $26,633,497

Mission and programs · 2023

Mission

TO PROVIDE MEMBERS WITH A SUSTAINABLE COMPETITIVE ADVANTAGE. TO PROMOTE AND REPRESENT THE COMMON BUSINESS INTERESTS OF INDEPENDENT INSURANCE AGENTS AND BROKERS WITHIN THE INDUSTRY AND BEFORE GOVERNMENT AND THE PUBLIC.

  • EDUCATIONAL PROGRAMS ARE PROVIDED FOR INDUSTRY MEMBERS TO ADDRESS CURRENT BUSINESS TOPICS RELEVANT TO THE INDEPENDENT INSURANCE AGENT. THE INDEPENDENT INSURANCE AGENCY SYSTEM IS PROMOTED THROUGH ADVERTISING, WEBINARS, PUBLICATIONS AND OTHER METHODS.

  • AGENTS COUNCIL FOR TECHNOLOGY "ACT" IS A PARTNERSHIP OF INDEPENDENT AGENTS, COMPANIES, TECHNOLOGY VENDORS, USER GROUPS, AND ASSOCIATIONS DEDICATED TO ENHANCING THE USE OF TECHNOLOGY AND IMPROVING WORK FLOWS WITHIN THE INDEPENDENT AGENCY SYSTEM.

  • FUTURE ONE IS A PARTNERSHIP BETWEEN IIABA AND COMPANIES FOR THE DEVELOPMENT AND RESEARCH OF AGENCY COORDINATION AND PROMOTION.

As filed on the 2023 return.

Listed in Part VII

  • MICHAEL MCBRIDE

    CHAIR

    Total calculated
    $35,528
    From this org
    $35,528
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related

  • JOHN R COSTELLO

    FORMER CHAIR

    Total calculated
    $32,276
    From this org
    $32,276
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related

  • ANDY SIEGEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY BRADY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BOBBY SALMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRAD GREER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRAD JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRAD WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRETT SCHULTHEIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRYAN CLINKSCALES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHAD BJUGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS FLOYD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CINDY HOWER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN MAGUIRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID CUMMARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBRA SCHILZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DIANA HORNUNG HANBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOUG MAYHEW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE CHIP ATKINS III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE DALY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GERALD FORD III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GLEN DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HEATHER FORTNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JL JOHNNY BECKMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANA FOSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JARED BLACKWOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF MORRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF SCHLITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JIM MURPHREE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN MCINTURFF III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KARL STEDMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORI REED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK MONROE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT WOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELISSA GATTO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL BARRETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL FUNKHOUSER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MCCARRON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY NICKLOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICK HOWARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REID HIGASHI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT NITSCHE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RON BRUNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROSS JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT GRAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT MCBRIDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN SMELLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE LEITCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE MADSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TODD JACKSON

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • TOM CHAMBERLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WENDY TAPLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILL INFANTINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM BISHOP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EUGENE S COCKE

    CFO

    Total calculated
    $410,544
    From this org
    $158,280
    From related orgs
    $201,446
    Other
    $50,818
    Hours/week
    22 + 28 related

    Schedule J breakdown matched by us

    Base
    $158,280 + $201,446 related
    Bonus
    $0
    Other
    $0
    Deferred
    $13,682 + $17,414 related
    Nontaxable benefits
    $8,678 + $11,044 related
    Filer's total
    $180,640 + $229,904 related

  • SCOTT D KNEELAND

    CHIEF COUNSEL

    Total calculated
    $300,417
    From this org
    $196,314
    From related orgs
    $60,764
    Other
    $43,339
    Hours/week
    42 + 13 related

    Schedule J breakdown matched by us

    Base
    $196,314 + $60,764 related
    Bonus
    $0
    Other
    $0
    Deferred
    $19,798 + $6,128 related
    Nontaxable benefits
    $13,297 + $4,116 related
    Filer's total
    $229,409 + $71,008 related

  • CHARLES E SYMINGTON JR

    SENIOR VP, GOVT AFFAIRS

    Total calculated
    $1,052,767
    From this org
    $352,179
    From related orgs
    $642,066
    Other
    $58,522
    Hours/week
    21.25 + 38.75 related

    Schedule J breakdown matched by us

    Base
    $277,793 + $506,452 related
    Bonus
    $74,386 + $135,614 related
    Other
    $0
    Deferred
    $11,015 + $20,081 related
    Nontaxable benefits
    $9,715 + $17,711 related
    Filer's total
    $372,909 + $679,858 related

  • MARK S WOLF

    PRESIDENT OF BIA

    Total calculated
    $507,365
    From this org
    $22,828
    From related orgs
    $433,720
    Other
    $50,817
    Hours/week
    2.75 + 52.25 related

    Schedule J breakdown matched by us

    Base
    $14,828 + $281,720 related
    Bonus
    $8,000 + $152,000 related
    Other
    $0
    Deferred
    $1,555 + $29,540 related
    Nontaxable benefits
    $986 + $18,736 related
    Filer's total
    $25,369 + $481,996 related

  • AMANDA B JURATOVIC

    PROFESSIONAL LIABILITY VP

    Total calculated
    $232,213
    From this org
    $0
    From related orgs
    $176,491
    Other
    $55,722
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,491 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,296 related
    Nontaxable benefits
    $0 + $27,426 related
    Filer's total
    $0 + $232,213 related

  • NATHAN M RIEDEL

    VP, POLITICAL AFFAIRS

    Total calculated
    $342,602
    From this org
    $285,880
    From related orgs
    $0
    Other
    $56,722
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $246,880
    Bonus
    $39,000
    Other
    $0
    Deferred
    $29,296
    Nontaxable benefits
    $27,426
    Filer's total
    $342,602

  • KEVIN R BRANDT

    EXECUTIVE DIRECTOR OF TC

    Total calculated
    $271,453
    From this org
    $95,006
    From related orgs
    $142,507
    Other
    $33,940
    Hours/week
    22 + 33 related

    Schedule J breakdown matched by us

    Base
    $73,119 + $109,678 related
    Bonus
    $21,462 + $32,192 related
    Other
    $425 + $637 related
    Deferred
    $9,237 + $13,856 related
    Nontaxable benefits
    $4,339 + $6,508 related
    Filer's total
    $108,582 + $162,871 related

  • ELIZABETH D MONTGOMERY

    VP, COMPANY RELATIONS

    Total calculated
    $206,412
    From this org
    $178,761
    From related orgs
    $0
    Other
    $27,651
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,830
    Bonus
    $40,931
    Other
    $0
    Deferred
    $16,804
    Nontaxable benefits
    $10,847
    Filer's total
    $206,412

  • RAAED AWWAD HADDAD

    DIR. OF FEDERAL GOVT AFFAIRS

    Total calculated
    $194,377
    From this org
    $178,588
    From related orgs
    $0
    Other
    $15,789
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $178,588
    Bonus
    $0
    Other
    $0
    Deferred
    $5,409
    Nontaxable benefits
    $10,380
    Filer's total
    $194,377

  • AIMEE R BRANHAM

    VICE PRESIDENT - BIG I ADVANTAGE

    Total calculated
    $194,242
    From this org
    $0
    From related orgs
    $177,577
    Other
    $16,665
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,697 related
    Bonus
    $0 + $29,680 related
    Other
    $0 + $1,200 related
    Deferred
    $0 + $16,665 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $194,242 related

  • ROBERT A RUSBULDT

    CEO (UNTIL 08/31/2023)

    Total calculated
    $1,043,882
    From this org
    $611,534
    From related orgs
    $386,840
    Other
    $45,508
    Hours/week
    25 + 45 related

    Schedule J breakdown matched by us

    Base
    $587,033 + $371,341 related
    Bonus
    $0
    Other
    $24,501 + $15,499 related
    Deferred
    $19,047 + $12,049 related
    Nontaxable benefits
    $8,828 + $5,584 related
    Filer's total
    $639,409 + $404,473 related

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 · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Payments for business use of a personal residence
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 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
PER EMPLOYMENT CONTRACT, ROBERT RUSBULDT, CEO, FLEW FIRST CLASS. PER COMPANY POLICY, THE CHAIR AND CHAIR-ELECT FLY FIRST CLASS IF THE FLIGHT TIME IS AT LEAST FOUR HOURS. TRAVEL FOR COMPANIONS BENEFIT IS RECEIVED BY ROBERT RUSBULDT, CEO AND THE IIABA EXECUTIVE COMMITTEE. GROSS-UP PAYMENTS ARE ALLOWED FOR THOSE RECEIVING TRAVEL FOR COMPANIONS BENEFITS. ROBERT RUSBULDT (CEO) RECEIVED GROSS-UP PAYMENTS ON ALL BENEFITS.
PART I, LINE 1B
IIABA HAS AN EXPENSE REPORT POLICY WHICH SPECIFICALLY ADDRESSES SPOUSAL TRAVEL REIMBURSEMENT AND THE GROSS UP PAYMENT.

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 July 2025
IRS schema version
2023v6.0
Source object
202501969349301030

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