Massachusetts Association Of Insurance Agents Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043172159 ✦ Milford, MA ✦ Designated as a 501(c)(6)

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Overview

What is Massachusetts Association Of Insurance Agents Inc?

Massachusetts Association of Insurance Agents Inc., situated in Milford, Massachusetts, is a nonprofit organization with a mission to strengthen and elevate the independent insurance agency system. They achieve this goal through unwavering advocacy, high-quality education, valuable insights, and advice, market access, and essential products. The organization, with 19 employees, actively promotes sound principles, fair competition, and ethical practices within the insurance agency sector. Their primary activities involve promoting industry-government relations and supporting the insurance agency system.


Official website here: www.massagent.com

What do the Facebook reviews say about Massachusetts Association Of Insurance Agents Inc?

96% of 17 reviewers on Facebook recommend the Massachusetts Association of Insurance Agents Inc. Here is a summary of their reviews:

Overall, the feedback highlights a strong appreciation for the organization as a valuable resource for insurance agents in Massachusetts. Many users express gratitude for the support and guidance provided, indicating that the nonprofit effectively addresses the needs of its constituency.

The sentiment is overwhelmingly positive, reflecting a consensus that the Massachusetts Association of Insurance Agents delivers on its mission to assist agents in their professional development. Reviewers feel well-supported and informed, which bodes well for the organization’s reputation in the industry.


This AI summary has been generated from reviews found on Facebook.

Is Massachusetts Association Of Insurance Agents Inc legitimate?

Massachusetts Association Of Insurance Agents Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Massachusetts Association Of Insurance Agents Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $482,861
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,103,927

For more financial information, click here


Official website here: www.massagent.com

What is the mission statement of Massachusetts Association Of Insurance Agents Inc?

The Massachusetts Association of Insurance Agents Inc. is committed to bolstering and enhancing the independent insurance agency system. They achieve this through unwavering advocacy and promotion, delivering high-quality education, valuable insights, and advice. Market access and essential products are also essential components of their mission. The organization actively works to promote industry and government relations, and supports principles of fair competition and ethical practices within the insurance agency.


Official website here: www.massagent.com

Who is the CEO of Massachusetts Association Of Insurance Agents Inc?

Nicholas A Fyntrilakis is the President & Ceo of Massachusetts Association Of Insurance Agents Inc. The CEO's salary of Massachusetts Association Of Insurance Agents Inc is $445,537 and their total compensation is $482,861.


Official website here: www.massagent.com

What is the revenue of Massachusetts Association Of Insurance Agents Inc?

Massachusetts Association Of Insurance Agents Inc's revenue in 2022 was $5,045,215.


Official website here: www.massagent.com

Who are the executives of Massachusetts Association Of Insurance Agents Inc and what are their salaries?

The average compensation at Massachusetts Association Of Insurance Agents Inc during 2022 was $83,515. There are 19 employees and 27 volunteers at Massachusetts Association Of Insurance Agents Inc.


Here are 28 key members and their salaries (Massachusetts Association Of Insurance Agents Inc's CEO's salary is $445,537 and their total compensation is $482,861):


Nicholas A Fyntrilakis (President & Ceo)
  • Compensation: $445,537
  • Related: $0
  • Other: $37,324
Heather Kramer (Coo/Vice President)
  • Compensation: $212,189
  • Related: $0
  • Other: $14,778
Ann Tobin (Vp Of Agency Services)
  • Compensation: $0
  • Related: $165,600
  • Other: $10,176
Irene Moriill (Vp Of Technical Affairs)
  • Compensation: $147,064
  • Related: $0
  • Other: $26,501
Patricia Loonie (Vp Finance)
  • Compensation: $0
  • Related: $100,650
  • Other: $21,796
Benjamin Cavallo (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa M Hirbour (Chair Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glen Davis (National Dir. Iiaba)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Fitts (Secretary - Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John R Sweeney (Immediate Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Dempsey (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Flynn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher R Russo Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Knight (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Helena Amorim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John J Fallon Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Ross O'Connell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Ostrander (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Green (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Polito (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trudy Lawler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Mclaughlin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Cohen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Risman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Austin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Malley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Porziella (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Susco (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.massagent.com

Where can I find the form 990 for Massachusetts Association Of Insurance Agents Inc?

Massachusetts Association Of Insurance Agents Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.massagent.com

Learn more at the official website: www.massagent.com

Mission Statement of Massachusetts Association Of Insurance Agents Inc

Massachusetts Association of Insurance Agents Inc is committed to reinforcing and elevating the independent insurance agency system. They achieve this through unwavering advocacy and promotion, delivering high-quality education, insightful information, and valuable advice. Additionally, they provide market access and essential products to strengthen this system. Their mission is to advocate for the independent insurance agencies, upholding sound principles, fair competition, and ethical practices within the industry. They strive to support and promote the agencies, ensuring a robust and sustainable system.

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Impact




October, 2024

The Massachusetts Association of Insurance Agents Inc significantly impacts the independent insurance landscape by advocating for the interests of its members and the industry as a whole. Through unwavering advocacy and promotion, it strengthens the voice of independent agencies, ensuring they have a platform for dialogue and influence in regulatory matters.

The association prioritizes providing quality education, which enhances the expertise and professionalism of its members. By offering valuable insights and advice, it equips agencies with the knowledge necessary to navigate the complexities of the insurance market effectively.

Furthermore, MAIA assists its members in gaining market access and essential products, enabling them to serve their clients better and compete effectively in a dynamic environment. Its commitment to sound principles, fair competition, and ethical practices fosters a healthier insurance marketplace, benefiting not only agents but also the consumers they serve.

Overall, MAIA plays a crucial role in promoting industry and government relations, ultimately elevating the standards of the independent insurance agency system in Massachusetts.




This information is meant to be a general summary of Massachusetts Association Of Insurance Agents Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$5,045,215 (2022)
Expenses
$4,626,508 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $93,213
  • Program Service Revenue: $3,764,423
  • Gross Receipts: $5,368,003

Assets and Liabilities:

  • Total Assets: $14,213,451
  • Total Liabilities: $1,018,817
  • Net Assets: $13,194,634

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EDUCATION PROGRAMS

Revenue

$1,522,900

CONSUMER ADVERTISING CAMPAIGN

Revenue

$717,333

MEMBERSHIP DUES

Revenue

$687,531

CONVENTION INCOME

Revenue

$528,709

ASSOCIATION PRODUCTS

Revenue

$307,950

Organization Details

Founding Year

1992

Principal Officer

Nicholas A Fyntrilakis

Main Address

91 CEDAR STREET, MILFORD, MA, 01757

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