2024-07-15T21:19:50-05:00 2023-08-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2022-09-01 135665571 INDEPENDENT INSURANCE AGENTS AND BROKERS OF AMERICA INDE 7036834422 127 SOUTH PEYTON ST ALEXANDRIA VA 22314 EUGENE S COCKE CFO 7036834422 2024-07-15 1 EUGENE COCKE 999009999 1 DANIEL O'SHEA P00957510 3016529100 2024-07-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHARLES SYMINGTON 127 SOUTH PEYTON ST ALEXANDRIA VA 22314 13289241 0 X WWW.INDEPENDENTAGENT.COM X 1896 NY 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. 53 51 101 100 0 0 0 0 11220076 10310640 572139 59135 1617763 1538036 13409978 11907811 200475 167750 0 0 7376829 7123374 0 0 0 5599232 5697593 13176536 12988717 233442 -1080906 28596666 28779460 2964226 3462559 25632440 25316901 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. 0 0 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. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 111 0 1 101 1 0 0 0 0 0 0 0 0 0 0 X 53 51 1 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 0 0 X EUGENE S COCKE 7036834422 127 SOUTH PEYTON ST ALEXANDRIA VA 22314 JOHN R COSTELLO CHAIR 5.00 1.00 X X 32863 0 0 MICHAEL MCBRIDE CHAIR-ELECT 5.00 1.00 X X 18618 0 0 ANDY SIEGEL DIRECTOR 1.00 X 0 0 0 ASHLEY BRADY DIRECTOR 1.00 X 0 0 0 BOBBY SALMON DIRECTOR 1.00 X 0 0 0 BRAD GREER DIRECTOR 1.00 1.00 X 0 0 0 BRAD JACKSON DIRECTOR 1.00 X 0 0 0 BRAD WILSON DIRECTOR 1.00 X 0 0 0 BRETT SCHULTHEIS DIRECTOR 1.00 X 0 0 0 BRYAN CLINKSCALES DIRECTOR 1.00 X 0 0 0 CHAD BJUGAN DIRECTOR 1.00 X 0 0 0 CHRIS FLOYD DIRECTOR 1.00 X 0 0 0 CINDY HOWER DIRECTOR 1.00 X 0 0 0 DAN MAGUIRE DIRECTOR 1.00 X 0 0 0 DAVID CUMMARD DIRECTOR 1.00 X 0 0 0 DEBRA SCHILZ DIRECTOR 1.00 X 0 0 0 DIANA HORNUNG HANBY DIRECTOR 1.00 X 0 0 0 DOUG MAYHEW DIRECTOR 1.00 X 0 0 0 GEORGE CHIP ATKINS III DIRECTOR 1.00 X 0 0 0 GEORGE DALY DIRECTOR 1.00 1.00 X 0 0 0 GERALD FORD III DIRECTOR 1.00 X 0 0 0 GLEN DAVIS DIRECTOR 1.00 X 0 0 0 HEATHER FORTNER DIRECTOR 1.00 X 0 0 0 JL JOHNNY BECKMAN DIRECTOR 1.00 X 0 0 0 JANA FOSTER DIRECTOR 1.00 X 0 0 0 JARED BLACKWOOD DIRECTOR 1.00 X 0 0 0 JEFF MORRIS DIRECTOR 1.00 X 0 0 0 JEFF SCHLITT DIRECTOR 1.00 1.00 X 0 0 0 JIM MURPHREE DIRECTOR 1.00 X 0 0 0 JOHN MCINTURFF III DIRECTOR 1.00 X 0 0 0 KARL STEDMAN DIRECTOR 1.00 X 0 0 0 LORI REED DIRECTOR 1.00 X 0 0 0 MARK MONROE DIRECTOR 1.00 X 0 0 0 MATT WOOD DIRECTOR 1.00 X 0 0 0 MICHAEL BARRETT DIRECTOR 1.00 X 0 0 0 MICHAEL RIVERS DIRECTOR 1.00 X 0 0 0 MIKE FUNKHOUSER DIRECTOR 1.00 X 0 0 0 MIKE MCCARRON DIRECTOR 1.00 X 0 0 0 NANCY NICKLOW DIRECTOR 1.00 X 0 0 0 PATRICK HOWARD DIRECTOR 1.00 X 0 0 0 REID HIGASHI DIRECTOR 1.00 X 0 0 0 ROBERT NITSCHE DIRECTOR 1.00 X 0 0 0 ROSS JOHNSON DIRECTOR 1.00 X 0 0 0 SCOTT GRAY DIRECTOR 1.00 X 0 0 0 SCOTT MCBRIDE DIRECTOR 1.00 X 0 0 0 STEPHEN SMELLEY DIRECTOR 1.00 X 0 0 0 STEPHEN ZOGBY DIRECTOR 1.00 X 0 0 0 STEVE MADSEN DIRECTOR 1.00 X 0 0 0 STEVE LEITCH DIRECTOR 1.00 X 0 0 0 TOM CHAMBERLIN DIRECTOR 1.00 X 0 0 0 WENDY TAPLEY DIRECTOR 1.00 X 0 0 0 WILL INFANTINE DIRECTOR 1.00 X 0 0 0 WILLIAM BISHOP DIRECTOR 1.00 X 0 0 0 ROBERT A RUSBULDT CEO 31.00 39.00 X 1074615 632704 48815 EUGENE S COCKE CFO 22.00 27.50 X 178871 227654 56378 SCOTT D KNEELAND CHIEF COUNSEL 35.00 20.00 X 109013 176093 44795 CHARLES E SYMINGTON JR SENIOR VP, GOVT AFFAIRS 60.00 X 695045 0 56378 MARK S WOLF PRESIDENT OF BIA 0.00 55.00 X 20629 391948 47263 NATHAN M RIEDEL VP, POLITICAL AFFAIRS 50.00 X 208323 0 46965 CHRIS BOGGS VP, AGENT DEV., RESEARCH 20.00 25.00 X 83186 103983 45655 KEVIN R BRANDT EXECUTIVE DIRECTOR OF TC 22.00 33.00 X 78374 117561 18613 JASON P PALS SOFTWARE ARCHITECT 40.00 X 167941 0 41426 ELIZABETH D MONTGOMERY VP, COMPANY RELATIONS 40.00 X 174571 0 27105 2842049 1649943 433393 22 0 1 0 RSM US LLP 331 WEST 3RD ST SUITE 200 DAVENPORT IA 52801 ACCOUNTING & NETWORK MANAGEMENT 306390 THE BELLEMORE GROUP LLC 106 BELLEMORE ROAD BALTIMORE MD 21210 STATE GOVERNMENT AFFAIRS 250900 COHNREZNICK LLP 14 SYLVAN WAY 3RD FLOOR PARSIPPANY NJ 07054 AUDIT & TAX 162610 TRUMP MIAMI RESORT MANAGEMENT LLC 4400 NW 87TH VENUE MIAMI FL 33178 VENUE RENTAL 116389 4 MEMBER DUES 900099 5662579 5662579 MANAGEMENT FEES 900099 2870518 2870518 SPONSORSHIP REVENUE 900099 1587688 1587688 PRODUCT SALES 900099 189855 189855 10310640 313220 313220 1159606 1159606 339698 0 339698 339698 339698 1127345 1381430 -254085 -254085 -254085 38732 38732 38732 11907811 10349372 0 1558439 125000 42750 2583450 3551690 296850 365509 325875 151047 56181 905859 115570 977782 787897 462934 261334 59482 248195 517473 COMMUNITY RELATIONS 65517 TAXES 65391 AWARDS & PRIZES 54598 PARKING EXPENSES 46854 921479 12988717 1217178 947441 206897 296388 355151 265633 9801828 6639822 3075690 3162006 11063687 11138189 11881802 10834643 988889 796261 1146271 28596666 28779460 1967396 1216401 969121 722123 27709 1524035 2964226 3462559 X 25632440 25316901 25632440 25316901 28596666 28779460 -1080906 765367 0 X 0 1 X 1 0 0 0 1 5662579 1229194 -473240 755954 896386 -140432 1627600 1627600 6850073 5988861 861212 575426 393031 182395 748729 257930 490799 3162006 10834643 C 10834643 SECURITY DEPOSIT 33500 LEASE LIABILITY 1490535 1524035 X PART X, LINE 2: IIABA IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON THEIR EXEMPT PURPOSE ACTIVITIES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. IIABA INCURRED FEDERAL EXCISE TAX EXPENSE OF APPROXIMATELY $56,000 AND $131,000 FOR THE YEARS ENDED AUGUST 31, 2023 AND 2022, RESPECTIVELY, WHICH IS INCLUDED WITHIN TAXES AND FEES IN THE CONSOLIDATED STATEMENTS OF FUNCTIONAL EXPENSES. MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. TAX YEARS PRIOR TO 2019 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL AND THE APPLICABLE TAXING AUTHORITIES. 1 TRUSTED CHOICE 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 542052195 501(C)(6) 100000 0 OPERATIONAL SUPPORT PROJECT INVEST 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 133315296 501(C)(3) 25000 0 OPERATIONAL SUPPORT 1 1 GRANTS TO INDIVIDUALS 72 42750 PART I, LINE 2: IIABA REQUIRES ALL RECIPIENTS TO SUBMIT COPIES OF EXPENSES INCURRED. ADDITIONALLY, THE ORGANIZATIONS LISTED IN PART II ARE RELATED TO IIABA, SO IIABA IS AWARE OF THE USE OF FUNDS. X X X X X 1 1 X X X 0 0 0 ROBERT A RUSBULDT CEO 723829 426171 346179 203821 4607 2712 18637 10973 12088 7117 1105340 650794 0 0 CHARLES E SYMINGTON JR SENIOR VP, GOVT AFFAIRS 508045 0 187000 0 0 0 29610 0 26768 0 751423 0 0 0 EUGENE S COCKE CFO 150711 191814 28160 35840 0 0 13028 16582 11778 14990 203677 259226 0 0 MARK S WOLF PRESIDENT OF BIA 14029 266548 6600 125400 0 0 1403 26655 960 18245 22992 436848 0 0 SCOTT D KNEELAND CHIEF COUNSEL 94101 152005 14912 24088 0 0 10649 17202 6479 10465 126141 203760 0 0 NATHAN M RIEDEL VP, POLITICAL AFFAIRS 182823 0 25500 0 0 0 20197 0 26768 0 255288 0 0 0 CHRIS BOGGS VP, AGENT DEV., RESEARCH 80964 101205 2222 2778 0 0 8319 10399 11972 14965 103477 129347 0 0 KEVIN R BRANDT EXECUTIVE DIRECTOR OF TC 70881 106321 7493 11240 0 0 7445 11168 0 0 85819 128729 0 0 JASON P PALS SOFTWARE ARCHITECT 164441 0 3500 0 0 0 14488 0 26938 0 209367 0 0 0 ELIZABETH D MONTGOMERY VP, COMPANY RELATIONS 132751 0 41820 0 0 0 16610 0 10495 0 201676 0 0 0 PART I, LINE 1A PER EMPLOYMENT CONTRACT, ROBERT RUSBULDT, CEO, MAY FLY 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) RECEIVES 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. JACK ST JOHN FAMILY MEMBER OF CEO 185166 EMPLOYMENT 0 FORM 990, PART VI, SECTION A, LINE 2 MIKE MCBRIDE AND SCOTT MCBRIDE HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP CATEGORIES OF IIABA INCLUDE: 1) INSURANCE AGENCIES AND BROKERAGE FIRMS DOING BUSINESS AS INDIVIDUALS, PARTNERSHIPS, CORPORATIONS, OR OTHER FORMS OF BUSINESS ORGANIZATION ("AGENCY MEMBERS"); 2) STATE ASSOCIATIONS OF WHICH THEY ARE MEMBERS AND RECOGNIZED BY THE BOARD IN ACCORDANCE WITH BOARD RULES ("STATE ASSOCIATIONS"); 3) INSURANCE AGENCIES AND BROKERAGE FIRMS DOING BUSINESS AS INDIVIDUALS, PARTNERSHIPS, CORPORATIONS, OR OTHER FORMS OF BUSINESS ORGANIZATION NOT ELIGIBLE FOR MEMBERSHIP IN IIABA THROUGH A STATE ASSOCIATION OR THE DISTRICT OF COLUMBIA ("INTERNATIONAL MEMBERS"), WITH SUCH RIGHTS, DUTIES, AND BENEFITS AS ARE DETERMINED BY THE BOARD; AND 4) SUCH OTHER MEMBERSHIP CATEGORIES AS ARE APPROVED BY THE BOARD ("OTHER MEMBERS"), WITH SUCH RIGHTS, DUTIES AND BENEFITS AS ARE DETERMINED BY THE BOARD. AMENDMENTS OR REPEALS OF THE BYLAWS MUST BE APPROVED BY A TWO-THIRDS VOTE OF THE MEMBERS PRESENT AND VOTING AT A MEMBERSHIP MEETING OF THE ASSOCIATION, OR IN ANY OTHER MANNER APPROVED BY THE EXECUTIVE COMMITTEE. ALL MEMBERS IN GOOD STANDING MAY VOTE ON ANY MATTER SUBJECT TO A VOTE AT ALL MEMBERSHIP MEETINGS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP CATEGORIES OF IIABA INCLUDE: 1) INSURANCE AGENCIES AND BROKERAGE FIRMS DOING BUSINESS AS INDIVIDUALS, PARTNERSHIPS, CORPORATIONS, OR OTHER FORMS OF BUSINESS ORGANIZATION ("AGENCY MEMBERS"); 2) STATE ASSOCIATIONS OF WHICH THEY ARE MEMBERS AND RECOGNIZED BY THE BOARD IN ACCORDANCE WITH BOARD RULES ("STATE ASSOCIATIONS"); 3) INSURANCE AGENCIES AND BROKERAGE FIRMS DOING BUSINESS AS INDIVIDUALS, PARTNERSHIPS, CORPORATIONS, OR OTHER FORMS OF BUSINESS ORGANIZATION NOT ELIGIBLE FOR MEMBERSHIP IN IIABA THROUGH A STATE ASSOCIATION OR THE DISTRICT OF COLUMBIA ("INTERNATIONAL MEMBERS"), WITH SUCH RIGHTS, DUTIES, AND BENEFITS AS ARE DETERMINED BY THE BOARD; AND 4) SUCH OTHER MEMBERSHIP CATEGORIES AS ARE APPROVED BY THE BOARD ("OTHER MEMBERS"), WITH SUCH RIGHTS, DUTIES AND BENEFITS AS ARE DETERMINED BY THE BOARD. AMENDMENTS OR REPEALS OF THE BYLAWS MUST BE APPROVED BY A TWO-THIRDS VOTE OF THE MEMBERS PRESENT AND VOTING AT A MEMBERSHIP MEETING OF THE ASSOCIATION, OR IN ANY OTHER MANNER APPROVED BY THE EXECUTIVE COMMITTEE. ALL MEMBERS IN GOOD STANDING MAY VOTE ON ANY MATTER SUBJECT TO A VOTE AT ALL MEMBERSHIP MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED LINE BY LINE BY THE DIRECTOR OF FINANCE AND CHIEF FINANCIAL OFFICER OF IIABA. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS COMPLETED AND SIGNED ANNUALLY BY ALL OFFICERS AND EMPLOYEES. COPIES ARE KEPT ON FILE WITH THE LEGAL DEPARTMENT. FORM 990, PART VI, SECTION B, LINE 15A AN INDEPENDENT CONSULTANT WAS HIRED TO REVIEW AND RECOMMEND APPROPRIATE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 IIABA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE MEMBERSHIP ON THE LEADERSHIP PAGE OF ITS WEBSITE. THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. TRUSTED CHOICE INC 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 542052195 BRAND DEVELOPMENT DE 501(C)(6) IIABA 1 IIAA EDUCATIONAL FOUNDATION 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 510152307 CHARITY NY 501(C)(3) LINE 12B, II IIABA 1 IIABA PAC (INSURPAC) 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 237427151 LOBBYING NY 527 IIABA 1 BIG I ADVANTAGE 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 200706318 INSURANCE AGENTS DE N/A 19004053 7270982 1.00000 1 IIAA MEMBERSHIP SERVICES INC 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 133211869 PUBLISHING VA BIG I ADVANTAGE 1 IIAA AGENCY ADMINISTRATIVE SERVICES INC 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 541719430 INSURANCE AGENTS VA BIG I ADVANTAGE 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 TRUSTED CHOICE INC B 100000 ACTUAL IIAA AGENCY ADMINISTRATIVE SERVICES INC J 343104 ACTUAL TRUSTED CHOICE INC J 82422 ACTUAL IIAA MEMBERSHIP SERVICES INC O 71027 ACTUAL IIAA AGENCY ADMINISTRATIVE SERVICES INC O 2251566 ACTUAL TRUSTED CHOICE INC O 547925 ACTUAL