Form 990 for tax year 2022
Filed by INDEPENDENT INSURANCE AGENTS OF TEXAS.
Totals
- Total revenue
- $4,096,813
- Total expenses
- $4,427,063
- Contributions and grants received
- $0
- Grants paid
- $20,000
- Program service revenue
- $2,738,923
- Investment income
- $458,197
- Other revenue
- $899,693
- Total assets, end of year
- $14,834,226
- Total liabilities, end of year
- $994,845
- Net assets or fund balances, end of year
- $13,839,381
- 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 $1,232,725 · related or exempt $1,232,725
-
2b · Program service revenue: CONFERENCES AND MEETINGS
total $794,001 · related or exempt $794,001
-
2c · Program service revenue: EDUCATION
total $657,496 · related or exempt $657,496
-
2d · Program service revenue: OTHER MEMBER SERVICES
total $54,701 · related or exempt $54,701
-
3 · Investment income
total $450,890 · excluded $450,890
-
5 · Royalties
total $899,225 · excluded $899,225
-
7a · Gross sales of assets other than inventory
securities $382,732
-
7b · Less cost or other basis and sales expenses
securities $375,425
-
7c · Gain or loss
securities $7,307
-
7d · Net gain or loss
total $7,307 · excluded $7,307
-
11a · Other revenue: MISCELLANEOUS INCOME
total $468 · related or exempt $468
-
11e · Other revenue, total
$468
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 $1,006,670
-
7 · Other salaries and wages
total $771,932
-
8 · Pension plan contributions
total $56,784
-
9 · Other employee benefits
total $147,367
-
10 · Payroll taxes
total $115,364
-
11c · Fees: accounting
total $52,708
-
11f · Fees: investment management
total $54,869
-
11g · Fees: other
total $6,750
-
12 · Advertising and promotion
total $830
-
13 · Office expenses
total $204,425
-
14 · Information technology
total $139,863
-
16 · Occupancy
total $184,370
-
17 · Travel
total $164,491
-
19 · Conferences, conventions and meetings
total $964,174
-
21 · Payments to affiliates
total $430,227
-
23 · Insurance
total $45,167
-
24a · Other expenses: COMMITTEE AND OTHER COS
total $61,072
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $519,569 · end of year $641,232
-
4 · Accounts receivable
beginning of year $236,217 · end of year $210,582
-
9 · Prepaid expenses and deferred charges
beginning of year $115,469 · end of year $53,104
-
11 · Investments: publicly traded securities
beginning of year $11,797,233 · end of year $12,390,236
-
12 · Investments: other securities
beginning of year $2,019,222 · end of year $1,539,072
-
17 · Accounts payable and accrued expenses
beginning of year $240,491 · end of year $223,173
-
19 · Deferred revenue
beginning of year $737,266 · end of year $771,672
-
27 · Net assets without donor restrictions
beginning of year $13,709,953 · end of year $13,839,381
Mission and programs · 2022
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 2022 return.
Listed in Part VII
-
Kyle DeanKYLE DEAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Josh FieldsJOSH FIELDS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tommy DiesTOMMY DIES
VICE CHAIR - BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tyler SpearsTYLER SPEARS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mike HotchkissMIKE HOTCHKISS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ben PattersonBEN PATTERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Billy CrockerBILLY CROCKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Josh AndrajackJOSH ANDRAJACK
CHAIRMAN ELECT - BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark PerkinsMARK PERKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert NitscheROBERT NITSCHE
STATE NATIONAL DIRECTOR - BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gaylon BrownGAYLON BROWN
IMMEDIATE PAST CHAIRMAN - BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark BridgesMARK BRIDGES
CHAIRMAN - BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Christy RossCHRISTY ROSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matt WomackMATT WOMACK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia QuyCYNTHIA QUY
SECRETARY
- Total calculated
- $104,198
- From this org
- $95,180
- From related orgs
- $0
- Other
- $9,018
- Hours/week
- 40
-
Marit PetersMARIT PETERS
PRESIDENT & EXECUTIVE DIRECTOR
- Total calculated
- $378,724
- From this org
- $343,562
- From related orgs
- $0
- Other
- $35,162
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $293,562
- Bonus
- $50,000
- Other
- $0
- Deferred
- $29,356
- Nontaxable benefits
- $5,806
- Filer's total
- $378,724
-
Josh LewisJOSH LEWIS
TREASURER
- Total calculated
- $126,959
- From this org
- $110,866
- From related orgs
- $0
- Other
- $16,093
- Hours/week
- 40
-
Harry LoftisHARRY LOFTIS
GOVERNMENTAL AFFAIRS DIRECTOR
- Total calculated
- $223,983
- From this org
- $204,348
- From related orgs
- $0
- Other
- $19,635
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,348
- Bonus
- $8,000
- Other
- $0
- Deferred
- $19,635
- Nontaxable benefits
- $0
- Filer's total
- $223,983
-
Tara MitchellTARA MITCHELL
DIRECTOR OF IT
- Total calculated
- $172,806
- From this org
- $152,500
- From related orgs
- $0
- Other
- $20,306
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,000
- Bonus
- $7,500
- Other
- $0
- Deferred
- $14,500
- Nontaxable benefits
- $5,806
- Filer's total
- $172,806
-
Angela FordANGELA FORD
CONTINUOUS IMPROVEMENT DIRECTOR
- Total calculated
- $170,956
- From this org
- $151,500
- From related orgs
- $0
- Other
- $19,456
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,500
- Bonus
- $15,000
- Other
- $0
- Deferred
- $13,650
- Nontaxable benefits
- $5,806
- Filer's total
- $170,956
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
-
$20,000
DISASTER RELIEF FUND
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
-
501(C)(3) · EDUCATIONAL FOUNDATION · TN
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 $2,720,135 · controlled entity
Directly controlled by IIAT
-
PROJECT RUNOFF INC
C · INSURANCE RELATED ACTIVITY · TX · 100% owned · share of assets $1,050 · controlled entity
Directly controlled by IIAT SERVICES
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421979349301727
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