Independent Insurance Agents Of Ct Inc

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

EIN: 060605491 ✦ Middletown, CT ✦ Designated as a 501(c)(6)

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Overview

What is Independent Insurance Agents Of Ct Inc?

Independent Insurance Agents of CT, based in Middletown, Connecticut, serves as a supportive platform for independent insurance agents. Their primary objective is to contribute to the professional growth and development of these agents through various avenues, such as education and government relations. By doing so, they aim to enhance their overall capabilities and performance in the industry. This nonprofit association strives to address the essential needs of independent insurance agents, thereby contributing to the broader insurance sector in the state.


Official website here: www.iiact.org

Is Independent Insurance Agents Of Ct Inc legitimate?

Independent Insurance Agents Of Ct Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Independent Insurance Agents Of Ct 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: $18,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.iiact.org

What is the mission statement of Independent Insurance Agents Of Ct Inc?

The Independent Insurance Agents of Ct Inc is committed to serving independent insurance agents in various crucial areas, specifically education and government relations. Their mission encompasses supporting these agents in these domains and other important sectors, aiming to contribute positively to their professional growth and development.


Official website here: www.iiact.org

Who is the CEO of Independent Insurance Agents Of Ct Inc?

Lisa Lounsbury is the Director of Independent Insurance Agents Of Ct Inc.


Official website here: www.iiact.org

What is the revenue of Independent Insurance Agents Of Ct Inc?

Independent Insurance Agents Of Ct Inc's revenue in 2022 was $611,923.


Official website here: www.iiact.org

Who are the executives of Independent Insurance Agents Of Ct Inc and what are their salaries?

The average compensation at Independent Insurance Agents Of Ct Inc during 2022 was $9,475. There are 2 employees at Independent Insurance Agents Of Ct Inc.


Here are 7 key members and their salaries:


Kim Mcgillicuddy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Gatto (Chair Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Rivers (Past Chairman/National Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Lounsbury (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Jones (Vice Chair & Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meredith Messenger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Sadlak Cpcu (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.iiact.org

Where can I find the form 990 for Independent Insurance Agents Of Ct Inc?

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


Official website here: www.iiact.org

Learn more at the official website: www.iiact.org

Mission Statement of Independent Insurance Agents Of Ct Inc

Independent Insurance Agents of CT, as a trade association, is committed to serving independent insurance agents by focusing on education, government relations, and various other crucial areas. The organization's mission is to support and empower independent insurance agents in their respective fields, aiming to improve their professional development and advocacy efforts. By providing resources and opportunities in these areas, Independent Insurance Agents of CT aims to contribute to the overall growth and success of the independent insurance agent community.

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Impact




October, 2024

Independent Insurance Agents of CT Inc plays a crucial role in enhancing the capabilities of independent insurance agents in Connecticut. By focusing on education, government relations, and other significant areas, this organization equips agents with the necessary tools and knowledge to succeed in a competitive industry.

Through educational programs, agents can stay updated on industry trends, regulatory changes, and best practices, ensuring they provide top-notch service to their clients. The association also advocates for agents' interests in government, creating a unified voice that influences policies affecting the insurance sector. Additionally, by fostering connections among agents, they contribute to a sense of community and collaboration, ultimately leading to improved industry standards and practices.

The impact of Independent Insurance Agents of CT Inc extends beyond the individual agents; it strengthens the overall insurance landscape in the state, promoting professionalism and a commitment to community improvement.




This information is meant to be a general summary of Independent Insurance Agents Of Ct 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
$611,923 (2022)
Expenses
$618,208 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,332
  • Program Service Revenue: $469,802
  • Gross Receipts: $611,923

Assets and Liabilities:

  • Total Assets: $241,320
  • Total Liabilities: $133,159
  • Net Assets: $108,161

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Programs

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

MEMBERSHIP DUES

Revenue

$221,395

MEMBERSHIP MEETINGS

Revenue

$200,366

EDUCATION SERVICES

Revenue

$20,426

ASSOCIATE MEMBERSHIP D

Revenue

$13,108

MEMBERSHIP SERVICES

Revenue

$9,542

Organization Details

Founding Year

1951

Principal Officer

Lisa Lounsbury

Main Address

PO BOX 183, MIDDLETOWN, CT, 06457

NTEE Category

Code: S41 - Community improvement

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