2022-07-15T16:38:42-05:00 2021-08-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2020-09-01 135665571 INDEPENDENT INSURANCE AGENTS AND BROKERS OF AMERICA INDE 7036834422 127 SOUTH PEYTON ST ALEXANDRIA VA 22314 EUGENE S COCKE CFO 7036834422 2022-07-15 1 EUGENE COCKE 999009999 DANIEL O'SHEA P00957510 3016529100 2022-07-14 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z ROBERT RUSBULDT 127 SOUTH PEYTON ST ALEXANDRIA VA 22314 16799875 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. 51 50 87 100 0 0 0 0 8368214 10105512 907269 1022116 1654333 1742826 10929816 12870454 176269 225286 0 0 11029546 6208621 0 0 0 -1101050 4321274 10104765 10755181 825051 2115273 27959116 30236166 3083108 2959739 24876008 27276427 X NONE 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. CO-BRANDED WEBSITE IS A JOINT PROJECT OF IIABA AND 36 STATE ASSOCIATIONS DESIGNED TO CREATE A UNIFIED WEB PRESENCE FOR IIABA AND ITS MEMBERS. 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 86 0 1 87 1 0 0 0 0 0 0 0 0 0 0 X 51 50 0 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 ANN WATKINS DIRECTOR 1.00 0.00 X 0 0 0 ASHLEY BRADY DIRECTOR 1.00 0.00 X 0 0 0 BOBBY SALMON DIRECTOR 1.00 0.00 X 0 0 0 BRAD JACKSON DIRECTOR 1.00 0.00 X 0 0 0 BRAD WILSON DIRECTOR 1.00 0.00 X 0 0 0 BRETT SCHULTHEIS DIRECTOR 1.00 0.00 X 0 0 0 BRIAN HARRISON DIRECTOR 1.00 0.00 X 0 0 0 BRYAN CLINKSCALES DIRECTOR 1.00 0.00 X 0 0 0 CHAD BJUGAN DIRECTOR 1.00 0.00 X 0 0 0 CHRIS FLOYD DIRECTOR 1.00 0.00 X 0 0 0 CINDI GRESHAM DIRECTOR 1.00 0.00 X 0 0 0 CINDY HOWER DIRECTOR 1.00 0.00 X 0 0 0 DAN MAGUIRE DIRECTOR 1.00 0.00 X 0 0 0 DEBRA SCHILZ DIRECTOR 1.00 0.00 X 0 0 0 DIANA HORNUNG HANBY DIRECTOR 1.00 0.00 X 0 0 0 DON WHITAKER DIRECTOR 1.00 0.00 X 0 0 0 ED DAVIS DIRECTOR 1.00 0.00 X 0 0 0 ELDON HUNSICKER DIRECTOR 1.00 0.00 X 0 0 0 ERIC KINGDON DIRECTOR 1.00 0.00 X 0 0 0 GARY FRISCH DIRECTOR 1.00 0.00 X 0 0 0 GEORGE CHIP ATKINS III DIRECTOR 1.00 0.00 X 0 0 0 GERALD FORD III DIRECTOR 1.00 0.00 X 0 0 0 GLEN DAVIS DIRECTOR 1.00 0.00 X 0 0 0 GREG GUNN DIRECTOR 1.00 0.00 X 0 0 0 GREG SANDROCK DIRECTOR 1.00 0.00 X 0 0 0 JL JOHNNY BECKMAN DIRECTOR 1.00 0.00 X 0 0 0 JEFF GRICE DIRECTOR 1.00 0.00 X 0 0 0 JEFF SCHLITT DIRECTOR 1.00 0.00 X 0 0 0 KARL STEDMAN DIRECTOR 1.00 0.00 X 0 0 0 KATHY YEAGER DIRECTOR 1.00 0.00 X 0 0 0 KEN WHITE DIRECTOR 1.00 0.00 X 0 0 0 LORI REED DIRECTOR 1.00 0.00 X 0 0 0 MARK SWARTS DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL RIVERS DIRECTOR 1.00 0.00 X 0 0 0 MIKE FUNKHOUSER DIRECTOR 1.00 0.00 X 0 0 0 MITCHEEL CHILDERS DIRECTOR 1.00 0.00 X 0 0 0 NANCY NICKLOW DIRECTOR 1.00 0.00 X 0 0 0 PATRICK HOWARD DIRECTOR 1.00 0.00 X 0 0 0 REID HIGASHI DIRECTOR 1.00 0.00 X 0 0 0 RON BIXBY DIRECTOR 1.00 0.00 X 0 0 0 ROSS JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 SCOTT MCBRIDE DIRECTOR 1.00 0.00 X 0 0 0 SHAW JOHNSON III DIRECTOR 1.00 0.00 X 0 0 0 STARK HARBOUR DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN ZOGBY DIRECTOR 1.00 0.00 X 0 0 0 STEVEN LEITCH DIRECTOR 1.00 0.00 X 0 0 0 TINA OLSON DIRECTOR 1.00 0.00 X 0 0 0 TOM CHAMBERLIN DIRECTOR 1.00 0.00 X 0 0 0 WILL INFANTINE DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM HUNT DIRECTOR 1.00 0.00 X 0 0 0 JON JENSEN CHAIR 5.00 0.00 X X 36356 0 0 EUGENE S COCKE CFO 22.00 27.00 X 131905 188168 53074 ROBERT A RUSBULDT CEO 31.00 37.00 X 813829 443505 46444 SCOTT D KNEELAND CHIEF COUNSEL 35.00 17.00 X 98229 140128 39882 CHARLES E SYMINGTON JR SENIOR VP, GOVT AFFAIRS 57.00 0.00 X 606499 0 53550 CHRIS BOGGS DIRECTOR OF FINANCE 20.00 25.00 X 109948 73299 43621 ELIZABETH D MONTGOMERY VP, COMPANY RELATIONS 50.00 0.00 X 170804 0 26345 JASON P PALS SENIOR SYSTEMS ARCHITECT 22.00 28.00 X 67150 95793 41662 MADELYN FLANNAGAN VP, AGENT DEVELOPMENT 45.00 0.00 X 170388 0 16402 NATHAN M RIEDEL VP, POLITICAL AFFAIRS 45.00 0.00 X 197037 0 45200 2402145 940893 366180 28 0 1 0 PAUL DE JONG INC 3811 ACOSTA ROAD FAIRFAX VA 22031 IT SERVICES 241673 THE BELLEMORE GROUP LLC 106 BELLEMORE ROAD BALTIMORE MD 21210 STATE GOV'T AFFAIRS 198190 CANVAS BAG CREATIVE LLC 4889 MACARTHUR BOULEVARD WASHINGTON DC 20007 EVENT CONSULTANT 172919 RSM US LLP 331 WEST 3RD ST SUITE 200 DAVENPORT IA 52801 AUDIT & TAX SERVICES 148077 RICOH 300 EAGLEVIEW BLVD SUITE 200 EXTON PA 19341 IT MANAGED SERIVCES 110796 6 MEMBER DUES 900099 5707963 5707963 MANAGEMENT FEES 900099 2136224 2136224 SPONSORSHIP REVENUE 900099 1703791 1703791 OTHER PROGRAMS 900099 312358 312358 PRODUCT SALES 900099 168596 168596 76580 76580 10105512 279935 279935 1192530 1192530 603036 0 603036 603036 603036 4671602 3929421 742181 742181 742181 MISCELLANEOUS REVENUE 900099 -52740 -52740 -52740 12870454 10105512 0 2764942 125286 100000 1870061 3647451 290582 81556 318971 115620 73320 42992 534024 111419 487854 657711 463856 73032 21611 228074 535333 ALL OTHER EXPENSES 464609 MISCELLANEOUS 201167 COMMUNITY RELATIONS 78500 TAXES 69787 162365 10755181 1593917 1078221 305488 148559 332263 303677 11085230 8064428 3225565 3020802 11178091 13107891 11323792 11680972 0 896044 27959116 30236166 1455104 1846837 698959 1068848 929045 44054 3083108 2959739 X 24876008 27276427 24876008 27276427 27959116 30236166 X 2115273 964677 -679531 X 0 1 X 1 0 100000 100000 1 0 0 1 5707963 925559 -215893 709666 925832 -216166 SCHEDULE C PART I-A INSURPAC, A FEDERAL POLITICAL ACTION COMMITTEE, PLAYS A KEY ROLE IN INDEPENDENT INSURANCE AGENTS AND BROKERS OF AMERICA'S LEGISLATIVE SUCCESS. INSURPAC RAISES MONEY TO CONTRIBUTE TO CANDIDATES RUNNING FOR FEDERAL OFFICE, WHILE INCREASING AGENT VISIBILITY ON CAPITOL HILL AND EMPOWERING MEMBERS TO PARTICIPATE IN THE POLITICAL PROCESS. 1627600 1627600 7190248 6097435 1092813 1792456 1765317 27139 474926 201676 273250 3020802 11680972 C 11680972 SECURITY DEPOSIT 44054 44054 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 $54,000 AND $84,000 FOR THE YEARS ENDED AUGUST 31, 2021 AND 2020, 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. 1 TRUSTED CHOICE 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 542052195 501(C)(6) 100000 OPERATIONAL SUPPORT PROJECT INVEST 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 133315296 501(C)(3) 25000 OPERATIONAL SUPPORT 1 1 2020 CONTRIBUTION 1 100000 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 1 1 X X X X 0 0 0 ROBERT A RUSBULDT CEO 711992 388008 97090 52910 4747 2587 18380 10016 11682 6366 843891 459887 0 0 CHARLES E SYMINGTON JR SENIOR VP, GOVT AFFAIRS 496499 0 110000 0 0 0 28396 0 25154 0 660049 0 0 0 EUGENE S COCKE CFO 105118 149955 26787 38213 0 0 11506 16414 10366 14788 153777 219370 0 0 SCOTT D KNEELAND CHIEF COUNSEL 97199 138658 1030 1470 0 0 9859 14065 6576 9382 114664 163575 0 0 NATHAN M RIEDEL VP, POLITICAL AFFAIRS 173037 0 24000 0 0 0 20046 0 25154 0 242237 0 0 0 CHRIS BOGGS DIRECTOR OF FINANCE 108448 72299 1500 1000 0 0 11080 7387 15092 10062 136120 90748 0 0 JASON P PALS SENIOR SYSTEMS ARCHITECT 67150 95793 0 0 0 0 6803 9705 10366 14788 84319 120286 0 0 ELIZABETH D MONTGOMERY VP, COMPANY RELATIONS 131418 0 39386 0 0 0 16380 0 9965 0 197149 0 0 0 MADELYN FLANNAGAN VP, AGENT DEVELOPMENT 153388 0 17000 0 0 0 16402 0 0 0 186790 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 147722 EMPLOYMENT 0 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 POKICY 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 IN 2012, 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. FORM 990, PART XI, LINE 9: ADJUSTMENT FOR PAC -574,009. OTHER CHANGE IN NET ASSETS -105,522. TRUSTED CHOICE INC 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 542052195 BRAND DEVELOPMENT DE 501(C)(6) IIABA 0 IIAA EDUCATIONAL FOUNDATION 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 510152307 CHARITY NY 501(C)(3) LINE 12B, II IIABA 0 IIABA PAC (INSURPAC) 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 237427151 LOBBYING NY 527 IIABA 0 PROJECT INVEST 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 133315296 EDUCATION NY 501(C)(3) LINE 7 IIABA 0 BIG I ADVANTAGE 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 200706318 INSURANCE AGENTS DE N/A 945485 7432992 1.00000 0 IIAA MEMBERSHIP SERVICES INC 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 133211869 PUBLISHING VA BIG I ADVANTAGE 0 IIAA AGENCY ADMINISTRATIVE SERVICES INC 127 SOUTH PEYTON STREET ALEXANDRIA VA 22314 541719430 INSURANCE AGENTS VA BIG I ADVANTAGE 0 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 81180 ACTUAL TRUSTED CHOICE INC J 23352 ACTUAL IIAA MEMBERSHIP SERVICES INC O 64654 ACTUAL IIAA AGENCY ADMINISTRATIVE SERVICES INC O 1680400 ACTUAL TRUSTED CHOICE INC O 391170 ACTUAL