2023-07-17T11:38:02-05:00 2022-08-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2021-09-01 135665571 INDEPENDENT INSURANCE AGENTS AND BROKERS OF AMERICA INDE 7036834422 127 SOUTH PEYTON ST ALEXANDRIA VA 22314 EUGENE S COCKE CFO 7036834422 2023-07-17 1 EUGENE COCKE 999009999 DANIEL O'SHEA P00957510 3016529100 2023-07-14 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CHARLES E SYMINGTON JR 127 SOUTH PEYTON ST ALEXANDRIA VA 22314 20098849 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 94 100 0 0 0 0 10105512 11220076 1022116 572139 1742826 1617763 12870454 13409978 225286 200475 0 0 6208621 7376829 0 0 0 4321274 5599232 10755181 13176536 2115273 233442 30236166 28596666 2959739 2964226 27276427 25632440 X 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. 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 1 111 0 1 94 1 0 0 0 0 0 0 0 0 0 0 X 53 51 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 KARL STEDMAN DIRECTOR 1.00 0.00 X 0 0 0 JIM MURPHREE DIRECTOR 1.00 0.00 X 0 0 0 BRYAN CLINKSCALES DIRECTOR 1.00 0.00 X 0 0 0 DAVID CUMMARD DIRECTOR 1.00 0.00 X 0 0 0 BRAD WILSON DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL RIVERS DIRECTOR 1.00 0.00 X 0 0 0 PATRICK HOWARD DIRECTOR 1.00 0.00 X 0 0 0 DIANA HORNUNG HANBY DIRECTOR 1.00 0.00 X 0 0 0 JEFF SCHLITT DIRECTOR 1.00 0.00 X 0 0 0 ANDY SIEGEL DIRECTOR 1.00 0.00 X 0 0 0 REID HIGASHI DIRECTOR 1.00 0.00 X 0 0 0 GEORGE DALY DIRECTOR 1.00 0.00 X 0 0 0 BRETT SCHULTHEIS DIRECTOR 1.00 0.00 X 0 0 0 CINDY HOWER DIRECTOR 1.00 0.00 X 0 0 0 GEORGE CHIP ATKINS III DIRECTOR 1.00 0.00 X 0 0 0 JL JOHNNY BECKMAN DIRECTOR 1.00 0.00 X 0 0 0 GLEN DAVIS DIRECTOR 1.00 0.00 X 0 0 0 NANCY NICKLOW DIRECTOR 1.00 0.00 X 0 0 0 MIKE MCCARRON DIRECTOR 1.00 0.00 X 0 0 0 SCOTT MCBRIDE DIRECTOR 1.00 0.00 X 0 0 0 CHAD BJUGAN DIRECTOR 1.00 0.00 X 0 0 0 BRAD GREER DIRECTOR 1.00 0.00 X 0 0 0 SCOTT GRAY DIRECTOR 1.00 0.00 X 0 0 0 TOM CHAMBERLIN DIRECTOR 1.00 0.00 X 0 0 0 BOBBY SALMON DIRECTOR 1.00 0.00 X 0 0 0 JARED BLACKWOOD DIRECTOR 1.00 0.00 X 0 0 0 DEBRA SCHILZ DIRECTOR 1.00 0.00 X 0 0 0 WILL INFANTINE DIRECTOR 1.00 0.00 X 0 0 0 GERALD FORD III DIRECTOR 1.00 0.00 X 0 0 0 HEATHER FORTNER DIRECTOR 1.00 0.00 X 0 0 0 JANA FOSTER DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN ZOGBY DIRECTOR 1.00 0.00 X 0 0 0 STEVE MADSEN DIRECTOR 1.00 0.00 X 0 0 0 CHRIS FLOYD DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN SMELLEY DIRECTOR 1.00 0.00 X 0 0 0 JEFF MORRIS DIRECTOR 1.00 0.00 X 0 0 0 MARK MONROE DIRECTOR 1.00 0.00 X 0 0 0 DOUG MAYHEW DIRECTOR 1.00 0.00 X 0 0 0 ASHLEY BRADY DIRECTOR 1.00 0.00 X 0 0 0 DAN MAGUIRE DIRECTOR 1.00 0.00 X 0 0 0 JOHN MCINTURFF III DIRECTOR 1.00 0.00 X 0 0 0 ROBERT NITSCHE DIRECTOR 1.00 0.00 X 0 0 0 WENDY TAPLEY DIRECTOR 1.00 0.00 X 0 0 0 MATT WOOD DIRECTOR 1.00 0.00 X 0 0 0 MIKE FUNKHOUSER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL BARRETT DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM BISHOP DIRECTOR 1.00 0.00 X 0 0 0 LORI REED DIRECTOR 1.00 0.00 X 0 0 0 STEVEN LEITCH DIRECTOR 1.00 0.00 X 0 0 0 ROSS JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 BRAD JACKSON DIRECTOR 1.00 0.00 X 0 0 0 BOB FEE CHAIR 5.00 0.00 X X 28684 0 0 JOHN R COSTELLO CHAIR-ELECT 5.00 0.00 X X 32863 0 0 ROBERT A RUSBULDT CEO 29.00 41.00 X 816601 445016 46939 SCOTT D KNEELAND CHIEF COUNSEL 23.00 32.00 X 107907 153933 41838 EUGENE S COCKE CFO 22.70 32.30 X 163811 233683 54096 CHARLES E SYMINGTON JR SENIOR VP, GOVT AFFAIRS 55.00 0.00 X 618375 0 54097 MARK S WOLF PRESIDENT OF BIA 2.70 52.30 X 17286 328443 43854 CHRIS BOGGS VP, AGENT DEV., RESEARCH AND ED. 27.00 18.00 X 112613 75075 44312 ELIZABETH D MONTGOMERY VP, COMPANY RELATIONS 40.00 0.00 X 175732 0 29812 KEVIN R BRANDT DIR. OF OPERATIONS, TC 0.00 45.00 X 0 191282 18185 AMANDA B JURATOVIC ASSISTANT VP OF ERRORS & OMISSIONS OPS. 0.00 50.00 X 0 184897 16054 NATHAN M RIEDEL VP, POLITICAL AFFAIRS 45.00 0.00 X 209304 0 45897 2283176 1612329 395084 27 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 3 MEMBER DUES 900099 5633312 5633312 MANAGEMENT FEES 900099 2838117 2838117 SPONSORSHIP REVENUE 900099 2401955 2401955 OTHER PROGRAMS 900099 167790 167790 PRODUCT SALES 900099 127911 127911 50991 50991 11220076 361455 361455 1147715 1147715 466747 0 466747 466747 466747 6899555 6643472 45399 256083 -45399 210684 210684 3301 3301 3301 13409978 11223377 0 2186601 152500 47975 1925532 3664670 344811 1118203 323613 162697 42025 44169 625383 122538 1054296 689378 462778 248287 32406 188023 523952 TAXES 137848 COMMUNITY RELATIONS 115010 BOOK & SUBSCRIPTIONS 48189 PARKING EXPENSES 41496 1060757 13176536 1078221 1217178 148559 206897 303677 355151 9467317 6391627 3020802 3075690 13107891 11063687 11680972 11881802 896044 796261 30236166 28596666 1846837 1967396 1068848 969121 44054 27709 2959739 2964226 X 27276427 25632440 27276427 25632440 30236166 28596666 X 233442 -2117381 239952 X 0 1 X 1 0 0 0 1 5633312 880855 -216166 664689 1137929 -473240 1627600 1627600 6815733 5893257 922476 479670 268567 211103 544314 229803 314511 3075690 11881802 C 11881802 SECURITY DEPOSIT 27709 27709 X 11148428 -2117381 -100000 -2217381 13365809 44169 44169 13409978 13032367 0 13032367 44169 100000 144169 13176536 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 $131,000 AND $54,000 FOR THE YEARS ENDED AUGUST 31, 2022 AND 2021, 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: GRANT EXP. NETTED WITH REV. ON CONSOL. F/S -100,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT EXP. NETTED WITH REV. ON CONSOL. F/S 100,000. 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 INDEPENDENT INSURANCE AGENTS & BROKERS OF NEW YORK INC 5784 WIDEWATERS PKWY 1ST FLOOR DE WITT NY 13214 150544434 501(C)(6) 27500 0 ADVOCACY GRANT 1 2 GRANTS TO INDIVIDUALS 73 47975 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 X 0 0 0 ROBERT A RUSBULDT CEO 711992 388008 97090 52910 7519 4098 18540 10104 11842 6453 846983 461573 0 0 CHARLES E SYMINGTON JR SENIOR VP, GOVT AFFAIRS 496375 0 122000 0 0 0 28644 0 25453 0 672472 0 0 0 EUGENE S COCKE CFO 136595 194858 27216 38825 0 0 11804 16840 10489 14963 186104 265486 0 0 MARK S WOLF PRESIDENT OF BIA 16086 305643 1200 22800 0 0 1278 24281 915 17380 19479 370104 0 0 SCOTT D KNEELAND CHIEF COUNSEL 97192 138648 10715 15285 0 0 10573 15083 6669 9513 125149 178529 0 0 NATHAN M RIEDEL VP, POLITICAL AFFAIRS 178304 0 31000 0 0 0 20444 0 25453 0 255201 0 0 0 CHRIS BOGGS VP, AGENT DEV., RESEARCH AND ED. 108413 72275 4200 2800 0 0 11316 7544 15271 10181 139200 92800 0 0 KEVIN R BRANDT DIR. OF OPERATIONS, TC 0 174893 0 16389 0 0 0 18185 0 0 0 209467 0 0 ELIZABETH D MONTGOMERY VP, COMPANY RELATIONS 131400 0 44332 0 0 0 19750 0 10062 0 205544 0 0 0 AMANDA B JURATOVIC ASSISTANT VP OF ERRORS & OMISSIONS O 0 136380 0 48517 0 0 0 16054 0 0 0 200951 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 160326 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 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 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: TO ADJUST PY INVESTMENT IN SUBSIDIARIES 239,952. 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 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 17691586 7107641 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 ACTUAL TRUSTED CHOICE INC J 25344 ACTUAL IIAA MEMBERSHIP SERVICES INC O 68614 ACTUAL IIAA AGENCY ADMINISTRATIVE SERVICES INC O 2226911 ACTUAL TRUSTED CHOICE INC O 541740 ACTUAL