2022-11-11T08:45:51-05:00 2021-12-31 571121332 Robert E Milhous CPA P A and Associates P O BOX 1960 Columbia SC 29202 990 2021-01-01 570248455 Independent Insurance Agents and Brokers of South Carolina % G Frank Sheppard INDE 8037319460 800 Gracern Rd Columbia SC 29210 G Frank Sheppard President 2022-11-11 true Robert E Milhous CPA SC P01210305 8037725300 2022-11-11 2021 2022-09-23 18:48:47Z G Frank Sheppard 800 Gracern Rd Columbia SC 29210 1655225 false X www.iiabsc.com X 1992 SC Taxpayer provides membership services to the independent insurance agents in South Carolina to promote the common business interests within the industry. 13 13 8 0 33133 0 333841 314723 940858 1046577 23928 34332 169528 259593 1468155 1655225 0 0 0 0 573480 610894 0 0 0 759215 1075965 1332695 1686859 135460 -31634 2213960 2129520 227098 154425 1986862 1975095 The fundamental purpose and objective of the filing organization is to promote educate and represent the common business interests of independent insurance agents of SC within the industry public and legislature. Activities sponsored by the organization are intended to educate members and keep them informed on current topics relative to the industry. false false 254529 0 367560 The objective of Education is to provide professional development for member's continuing education requirements in SC. The following classes were held in 2021: Regular 13 classes with 174 attendees; Webcasts 38 sessions with 2391 attendees; and 4 CIC classes with 154 attendees. 293951 0 397240 The object of Conferences is to provide education information training and networking opportunities for independent insurance agents. the following conferences were held in 2021: Annual conference with 200 attendees; Spring conference with 150 attendees; and Fall conference with 150 attendees. 103619 0 0 Publications include monthly newsletters to membership about insurance industry practices benefits and services the Association provides along with various local national legislative updates. Quarterly magazines are provided the membership which focuses on feature articles relative to the insurance industry along with local national legislative updates. 3650 0 0 655749 false true true false true false false false false false true true false false true false true true false false false false false false false false false false false false false false false false false false false false false false false true true true false true 20 0 true 8 true true true false false false true true false false 0 false false 0 0 false false false X 13 13 false false false false false true true true true false false false true true true true true true true false SC X G Frank Sheppard 8037319460 800 Gracern Rd Columbia SC 29210 James G Taylor Jr Chairman 1.00 0.00 X X 0 0 0 Tom Bates Jr Past Chairman 1.00 0.00 X X 0 0 0 Tonya S Thomason Chair Elect Treasurer 1.00 0.00 X X 0 0 0 Robert E Nalley Secretary 1.00 0.00 X X 0 0 0 Angus M Brabham IV Member 1.00 0.00 X 0 0 0 L Amber Bryant Member 1.00 0.00 X 0 0 0 Brian W Eanes Member 1.00 0.00 X 0 0 0 Alexander Galloway Member 1.00 0.00 X 0 0 0 Lauren T Huffman Member 1.00 0.00 X 0 0 0 Benjamin C Myers Member 1.00 0.00 X 0 0 0 Renado Robinson Member 1.00 0.00 X 0 0 0 Julie B Turner Member 1.00 0.00 X 0 0 0 Richard L Walker Jr Member 1.00 0.00 X 0 0 0 G Frank Sheppard President 40.00 0.00 109141 0 0 109141 0 0 1 false false false None 0 0 299723 0 0 0 15000 0 314723 Conferences and conventions 900099 397240 397240 0 0 Educational Support Services 611710 367560 367560 0 0 Administrative and support services 561000 281777 281777 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1046577 19868 0 0 19868 0 0 0 0 102367 0 0 102367 0 0 0 0 0 0 0 0 0 0 14464 0 0 0 14464 0 14464 0 0 14464 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other activity 900099 33133 0 33133 0 Other activity 900099 17103 17103 0 0 Other activity 900099 106990 106990 0 0 0 0 0 0 157226 1655225 1170670 33133 136699 X 0 0 0 0 0 0 0 0 109141 0 0 0 0 0 0 0 339335 0 0 0 44719 0 0 0 83007 0 0 0 34692 0 0 0 16500 0 0 0 0 0 0 0 29780 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 22000 0 0 0 144503 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33118 0 0 0 0 0 0 0 293951 0 0 0 0 0 0 0 0 0 0 0 68636 0 0 0 12268 0 0 0 Publications and dues 103619 0 0 0 Board and committee expenses 62169 0 0 0 Education expenses 254529 0 0 0 Government affairs 3650 0 0 0 31242 0 0 0 1686859 0 0 0 0 0 0 0 517771 383461 0 0 0 0 283958 338607 0 0 0 0 0 0 0 0 13684 18957 1537530 960907 627601 576623 563465 585703 125553 144241 81928 81928 0 0 0 0 2213960 2129520 95255 37874 0 0 0 0 0 0 0 0 0 0 0 0 0 0 131843 116551 227098 154425 X 1834744 1852765 152118 122330 1986862 1975095 2213960 2129520 -31634 19867 0 0 0 0 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 false IIABSC Public Affairs Committee 800 Gracern Rd Columbia AL 29210 570863384 0 28242 true false true 332856 3680 3680 33286 Part1ALine1 Part 1-A Line 1 Description of direct and indirect political campaign activities: The filing organization hires an outside firm to monitor local legislation which is then broadcast to members through newsletters. Direct lobbying expenses occur at the National IIABA organization which a part of member dues are remitted by the filing organization to the national organization for such purposes. Certain staff and board members attend the national IIANC legislative conference in Washington DC. 122983 122983 1249653 853017 396636 164894 107890 57004 576623 C C Investment in BIRC 144241 F 144241 Refundable advances-dues and tuition fees 116551 116551 1675092 19867 19867 1655225 0 1655225 1686859 0 1686859 0 1686859 Part VI, Line 7a The board elects an Executive Committee pursuant to the organization's bylaws. Part VI, Line 7b The president of the organization may exercise certain decisions as authorized by the Executive Committee of the Board. Part VI, Line 11a The president of the filing organization reviews the prepared Form 990 prior to signing. The executive committee receives a report regarding the same. Part VI, Line 12c The executive committee performs periodic reviews to monitor policy. Part VI, Line 15 The executive committee performs annual reviews to determine compensation requirements of the president. The president reviews annual compensation of all other employees and reports the budget for the same to the committee. Part III, Line 4d | Description:, Expense Amount:, Grants Amount:, Revenue Amount:| Governmental affairs, $3650, $0, $0| Part III, Line 4d | Explanation:| Other program services consist of providing member access to national marketing and advertising including "Trusted Choice" products. Part VI, Line Line 6 | Explanation:| As a trade association the filing organization's members consist of independent insurance agents in SC. Regular membership is open to all independent insurance agencies that are actively engaged in the property and casualty business. Part VI, Line Line 7a | Explanation:| Association members during its Annual Convention elect the filing organization's board of directors with staggered terms. Part VI, Line Line 7b | Explanation:| Approval of membership is required for various actions as required under the By-laws. Part VI, Line Line 16 a-b | Explanation:| The filing organization purchased 10 shares of Class B stock in the Big I Reinsurance Company BIRC during tax year 2008. Total outstanding stock of BIRC is 500 shares. The filing organization believes this investment which is part of the national Independent Insurance Agents and Brokers Association IIABA programs helps and supports the membership and has determined that no impact of its tax exempt status exists. The fiar value of the BIRC investment increased from $125,553 to $144,241 at December 31 2021. Part VI, Line Line 19 | Explanation:| The filing organization makes its governing documents conflict of interest policy and financial statements available upon request. Part IX, Line Line 24e | Explanation:| All other expense includes - staff development $4180; bank investment charges $22771; PPP loan interest $723; provision for income taxes $2297; and miscellaneous $1271. Part VIII, Line Line 11a | Explanation:| Corporate membership $33133. Part VIII, Line Line 11b | Explanation:| Other income $17103. Part VIII, Line Line 11c | Explanation:| PPP loan forgiveness $106990. Part IV, Line Line 3 and Schedule C, Part IV - Part 1-C, Line 5 | Explanation:| Members of the filing organization contribute separately to the IIABSC Public Affairs Committee PAC. Such earmarked funds received by the filing organization are promptly transferred to the IIABSC PAC. Part I, Line Form 8868 | Explanation:| The filing organization applied and was granted an filing extension to November 15 2022. IIABSC Foundation 800 Gracern Rd Columbia SC 29210 570781364 Education SC 501(C)(3) 16 N/A false IIABSC Group Health Insurance Trust 800 Gracern Rd Columbia SC 29210 816928444 Group health SC 501(C)(9) N/A false IIABSC Agency Inc 800 Gracern Rd Columbia SC 29210 570956582 Insurance agency SC N/A C-Corporation 100 100 0.01 false true false true false false false false false false false false false false false false true true false false IIABSC Foundation C 15000 accrual basis IIABSC Foundation Q 5000 accrual basis IIABSC Agency Inc A 11516 accrual basis IIABSC Agency Inc P 12268 accrual basis IIABSC Agency Inc Q 276777 accrual basis IIABSC Group Health Insurance Trust Q 19680 accrual basis