Form 990 for tax year 2023
Filed by INDEPENDENT INSURANCE AGENTS OF TENNESSEE.
Totals
- Total revenue
- $2,039,535
- Total expenses
- $1,753,259
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $799,988
- Investment income
- $100,218
- Other revenue
- $1,139,329
- Total assets, end of year
- $5,857,490
- Total liabilities, end of year
- $535,561
- Net assets or fund balances, end of year
- $5,321,929
- 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.
-
2a · Program service revenue: MEMBERSHIP DUES
total $290,910 · related or exempt $290,910
-
2b · Program service revenue: EDUCATION
total $185,819 · excluded $185,819
-
2c · Program service revenue: MEETINGS
total $111,975 · excluded $111,975
-
2d · Program service revenue: MAGAZINE
total $55,649 · unrelated business $55,649
-
2e · Program service revenue: ENDORSEMENTS
total $99,922 · excluded $99,922
-
2f · All other program service revenue
total $55,713 · excluded $55,713
-
3 · Investment income
total $100,218 · excluded $100,218
-
6a · Gross rents
real property $187,280
-
6b · Less rental expenses
real property $242,437
-
6c · Rental income or loss
real property -$55,157
-
6d · Net rental income or loss
total -$55,157 · unrelated business -$55,157
-
11a · Other revenue: COMMISSIONS
total $664,469 · unrelated business $664,469
-
11b · Other revenue: PARTNER PROGRAM
total $336,656 · related or exempt $336,656
-
11c · Other revenue: EMPLOYEE RETENTION
total $193,361 · related or exempt $193,361
-
11e · Other revenue, total
$1,194,486
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $338,072
-
7 · Other salaries and wages
total $306,410
-
9 · Other employee benefits
total $133,927
-
10 · Payroll taxes
total $45,890
-
11b · Fees: legal
total $783
-
11c · Fees: accounting
total $21,202
-
11g · Fees: other
total $66,954
-
12 · Advertising and promotion
total $92,793
-
13 · Office expenses
total $12,604
-
14 · Information technology
total $56,520
-
19 · Conferences, conventions and meetings
total $268,758
-
22 · Depreciation, depletion and amortization
total $72,005
-
23 · Insurance
total $30,159
-
24a · Other expenses: BANK CHARGES
total $34,670 · program services $34,670
-
24b · Other expenses: EDUCATION
total $127,620 · program services $127,620
-
24c · Other expenses: ADMINISTRATION
total $22,425 · program services $22,425
-
24d · Other expenses: MEMBER EVENTS
total $103,356 · program services $103,356
-
24e · All other expenses
total $19,111
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $209,198 · end of year $62,590
-
2 · Savings and temporary cash investments
beginning of year $1,981,853 · end of year $2,427,429
-
9 · Prepaid expenses and deferred charges
beginning of year $6,000 · end of year $6,000
-
10a · Land, buildings and equipment: cost or other basis
$2,577,581
-
10b · Land, buildings and equipment: accumulated depreciation
$1,562,904
-
10c · Land, buildings and equipment, net
beginning of year $1,081,194 · end of year $1,014,677
-
15 · Other assets
beginning of year $2,121,624 · end of year $2,346,794
-
25 · Other liabilities
beginning of year $537,861 · end of year $535,561
-
27 · Net assets without donor restrictions
beginning of year $4,862,008 · end of year $5,321,929
Mission and programs · 2023
Mission
THE ORGANIZATION OFFERS SUPPORT TO INDEPENDENT INSURANCE AGENCIES THROUGH LOBBYING, OFFERING PRODUCTS FOR AGENCY NEEDS, EDUCATION, AND RESOURCES IN ORDER TO BETER SERVE THE PUBLIC AND THEIR COMPANY.
-
THE ORGANIZATION HAS EDUCATIONAL CONFERENCE3, CONVENTIONS, MEETINGS, SCHOOLS AND SEMINARS.
As filed on the 2023 return.
Listed in Part VII
-
Ronald TravisRONALD TRAVIS
EXECUTIVE DIRECTOR
- Total calculated
- $232,078
- From this org
- $222,578
- From related orgs
- $0
- Other
- $9,500
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $222,578
- Bonus
- not reported
- Other
- not reported
- Deferred
- $9,500
- Nontaxable benefits
- not reported
- Filer's total
- $232,078
-
Stephen W HolmesSTEPHEN W HOLMES
DIRECTOR OF FOR PROFIT
- Total calculated
- $127,723
- From this org
- $115,494
- From related orgs
- $0
- Other
- $12,229
- Hours/week
- 40
-
Cameron WinterburnCAMERON WINTERBURN
REGION DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Josh GibbonsJOSH GIBBONS
REGION DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pamela WellsPAMELA WELLS
REGION DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cy YoungCY YOUNG
REGION DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John BrockJOHN BROCK
YOUNG AGENTS DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim GossTIM GOSS
REGION DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chip PiperCHIP PIPER
REGION DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill OldhamBILL OLDHAM
REGION DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Norfleet Anthony IIINORFLEET ANTHONY III
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Eric CollisonERIC COLLISON
REGION DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul SteelePAUL STEELE
REGION DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Battle Bagley IIIBATTLE BAGLEY III
VP REGION II
- Total calculated
- $0
- Hours/week
- 1
-
Bobby SainBOBBY SAIN
VP REGION I
- Total calculated
- $0
- Hours/week
- 2
-
Kymberly ClevengerKYMBERLY CLEVENGER
PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 2
-
Matt SwallowsMATT SWALLOWS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Richard WhitleyRICHARD WHITLEY
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
John McInturff IIIJOHN MCINTURFF III
NATIONAL DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin OwnbyKEVIN OWNBY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
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 · 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402359349301110
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