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← INSURANCE ACCOUNTING & SYSTEMS ASSOCIATION INC

Form 990 for tax year 2022

Filed by INSURANCE ACCOUNTING & SYSTEMS ASSOCIATION INC.

Totals

Total revenue
$1,512,064
Total expenses
$2,150,974
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,444,158
Investment income
-$53,828
Other revenue
$121,734
Total assets, end of year
$627,915
Total liabilities, end of year
$1,037,120
Net assets or fund balances, end of year
-$409,205
Program services expenses (Part IX)
$1,322,842
Management and general expenses
$828,132
Fundraising expenses
$0
Program service expenses (Part III)
$1,322,842

Program services were 61.5% 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: EDUCATION EVENTS

    total $937,344 · related or exempt $937,344

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $506,814 · related or exempt $506,814

  • 3 · Investment income

    total $29,214 · excluded $29,214

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $508,338

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

    securities $591,380

  • 7c · Gain or loss

    securities -$83,042

  • 7d · Net gain or loss

    total -$83,042 · excluded -$83,042

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $23,600

  • 10b · Cost of goods sold

    $7,559

  • 10c · Net income from sales of inventory

    total $16,041 · related or exempt $16,041

  • 11a · Other revenue: CHAPTER ADMINISTRATION

    total $29,351 · related or exempt $29,351

  • 11b · Other revenue: MISCELLANEOUS

    total $76,342 · related or exempt $76,342

  • 11e · Other revenue, total

    $105,693

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $213,832 · program services $53,458 · management and general $160,374

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $592,503 · program services $325,877 · management and general $266,626

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $103,434 · program services $53,158 · management and general $50,276

  • 10 · Payroll taxes

    total $56,615 · program services $26,967 · management and general $29,648

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $2,389 · management and general $2,389

  • 11c · Fees: accounting

    total $30,106 · management and general $30,106

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $3,474 · management and general $3,474

  • 11g · Fees: other

    total $82,868 · management and general $82,868

  • 12 · Advertising and promotion

    total $20,820 · program services $20,820

  • 13 · Office expenses

    total $20,787 · management and general $20,787

  • 14 · Information technology

    total $51,992 · program services $46,842 · management and general $5,150

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $16,475 · management and general $16,475

  • 17 · Travel

    total $15,636 · program services $5,496 · management and general $10,140

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $770,136 · program services $770,136

  • 20 · Interest

    total $4,044 · management and general $4,044

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $71,236 · management and general $71,236

  • 23 · Insurance

    total $13,617 · program services $7,226 · management and general $6,391

  • 24a · Other expenses: BANK CHARGES

    total $44,309 · management and general $44,309

  • 24b · Other expenses: EQUIPMENT MAINTENANCE

    total $20,929 · management and general $20,929

  • 24c · Other expenses: PRINTING & POSTAGE

    total $298 · program services $201 · management and general $97

  • 24d · Other expenses: MISCELLANEOUS

    total $15,474 · program services $12,661 · management and general $2,813

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $219,196 · end of year $200,798

  • 2 · Savings and temporary cash investments

    beginning of year $32,448 · end of year $14,989

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $41,413 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $5,888 · end of year $5,888

  • 9 · Prepaid expenses and deferred charges

    beginning of year $55,439 · end of year $0

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

    $587,163

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

    $522,838

  • 10c · Land, buildings and equipment, net

    beginning of year $135,561 · end of year $64,325

  • 11 · Investments: publicly traded securities

    beginning of year $986,592 · end of year $341,915

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $9,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $464,323 · end of year $432,445

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $505,052 · end of year $253,407

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $149,890 · end of year $146,242

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $203,815 · end of year $205,026

  • 27 · Net assets without donor restrictions

    beginning of year $162,457 · end of year -$409,205

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

THE IASA COMMUNITY ACCELERATES PROFESSIONAL GROWTH TO SHAPE, INFLUENCE, ELEVATE AND STRENGTHEN THE INSURANCE INDUSTRY. SEE IASA WEBSITE FOR UPDATED VISION AND WHAT WE DO. HTTPS://WWW.IASA.ORG/ABOUT-US/

Activities or mission (Part I)

TO SHAPE, INFLUENCE, ELEVATE AND STRENGTHEN THE INSURANCE INDUSTRY THROUGH PROFESSIONAL GROWTH.

  • THE ANNUAL CONFERENCE AND TRADESHOW OF THE INSURANCE ACCOUNTING AND SYSTEMS ASSOCIATION (IASA) BRINGS TOGETHER INSURANCE PROFESSIONALS FOR EDUCATIONAL PROGRAMS AND NETWORKING EXPERIENCE FOCUSED ON INSPIRING AND ELEVATING THE ATTENDEES.

    Expenses $1,322,842 · Revenue $1,565,892

As filed on the 2022 return.

Listed in Part VII

  • Kerry Crockett

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $252,312
    From this org
    $216,845
    From related orgs
    $0
    Other
    $35,467
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,949
    Bonus
    $0
    Other
    $10,896
    Deferred
    $26,000
    Nontaxable benefits
    $9,467
    Filer's total
    $252,312

  • James Jenkins

    STRETEGIC PARTNERSHIPS DIR

    Total calculated
    $146,590
    From this org
    $118,701
    From related orgs
    $0
    Other
    $27,889
    Hours/week
    40

  • Kelli Bohannon

    MEMBERSHIP ENGAGEMENT DIRECTOR

    Total calculated
    $118,307
    From this org
    $104,340
    From related orgs
    $0
    Other
    $13,967
    Hours/week
    40

  • Jason Nickles

    BOARD CHAIR (AS OF 07/22)

    Total calculated
    $0
    Hours/week
    2

  • Scott McEntee

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    2

  • Doug Ramsey

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    2

  • Terry Olejnik

    SECRETARY-TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dan Buttke

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    2

  • Elise Farnham

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    2

  • Phil Iaccarino

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    2

  • Ryan Hanson

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    2

  • Rod Van Genderen

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    2

  • Kristine Weber

    MEMBER-AT-LARGE

    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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202421319349303722

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