Overview
What is Council Of Insurance Agents And Brokers?
The Council of Insurance Agents and Brokers is a prominent association for top regional, national, and international commercial insurance and employee benefits intermediaries worldwide. Based in Washington, D.C., the council fosters industry relationships by engaging lawmakers, regulators, and stakeholders globally. The organization offers networking opportunities, leadership development, and business intelligence through unique forums, including the Insurance Leadership Forum, Employee Benefits Leadership Forum, Council Academy, and the Legislative and Working Group Summit. These annual programs strengthen connections between members, insurers, and Congress, forming a solid foundation for future relationships. The Council advocates for the interests of its members, which consist of leading insurance agencies and brokerage firms.
Official website here: www.ciab.com
What are the reviews and ratings of this charity?
The Council Of Insurance Agents And Brokers is not currently rated by Charity Navigator. This absence of a rating does not imply a positive or negative view but indicates the organization hasn't been evaluated due to its status and the criteria used by Charity Navigator. The rating system requires specific beacon scores that assess areas like Accountability & Finance or Impact, which this organization hasn't pursued, largely because it is not a 501(c)(3) IRS registered nonprofit.
The historical context from Charity Navigator suggests that previous evaluations of similar organizations have focused on Accountability and Finance. However, since the Council Of Insurance Agents And Brokers isn't a 501(c)(3) entity, it escapes these typical review processes. Additionally, data about revenue, expenses, and salaries aren't available, which limits a detailed financial evaluation.
This organization operates independently, signifying that it functions outside the purview of other auxiliaries. The lack of Charity Navigator's star rating and user reviews from GreatNonprofits means potential supporters should look for alternate resources or direct engagement to gauge the organization's impact and efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Council Of Insurance Agents And Brokers legitimate?
Council Of Insurance Agents And Brokers is a legitimate nonprofit organization registered as a 501(c)(6) entity. Council Of Insurance Agents And Brokers 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: $4,697,633
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,913,263
For more financial information, click here
Official website here: www.ciab.com
What is the mission statement of Council Of Insurance Agents And Brokers?
The Council of Insurance Agents and Brokers is a prominent organization representing leading insurance agencies and brokerage firms globally. Established to champion the interests of its members, the Council fosters industry relationships and advocates for their valuable role in risk mitigation for their clients. They engage lawmakers, regulators, and stakeholders worldwide to promote the importance of insurance intermediaries. Through exclusive networking opportunities, leadership development, business intelligence, and services, the Council strengthens connections among its members, insurers, and members of Congress, paving the way for future collaborations. The Council's largest programs, including the Insurance Leadership Forum, Employee Benefits Leadership Forum, Council Academy, and Legislative and Working Group Summit, facilitate ongoing relationships and set a firm foundation for future alliances.
Official website here: www.ciab.com
Who is the CEO of Council Of Insurance Agents And Brokers?
Ken A Crerar is the Chair of Council Of Insurance Agents And Brokers. The CEO's salary of Council Of Insurance Agents And Brokers is $1,158,984 and their total compensation is $1,765,366.
Official website here: www.ciab.com
What is the revenue of Council Of Insurance Agents And Brokers?
Council Of Insurance Agents And Brokers's revenue in 2022 was $23,670,266.
Official website here: www.ciab.com
Who are the executives of Council Of Insurance Agents And Brokers and what are their salaries?
The average compensation at Council Of Insurance Agents And Brokers during 2022 was $110,303. There are 69 employees and 39 volunteers at Council Of Insurance Agents And Brokers.
Here are 50 key members and their salaries (Council Of Insurance Agents And Brokers's CEO's salary is $1,158,984 and their total compensation is $1,765,366):
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- Compensation: $1,158,984
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- Other: $545,383
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- Other: $80,592
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- Other: $46,294
Official website here: www.ciab.com
Where can I find the form 990 for Council Of Insurance Agents And Brokers?
Council Of Insurance Agents And Brokers's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ciab.com
Learn more at the official website: www.ciab.com
Mission Statement of Council Of Insurance Agents And Brokers
The Council of Insurance Agents and Brokers is a leading organization that champions the interests of its esteemed members, comprising top commercial insurance agencies and brokerage firms worldwide. Established with a mission to promote the wellbeing of its members, this prestigious association fosters relationships industry-wide and advocates for their vital role in risk mitigation for their clients.
The Council of Insurance Agents and Brokers functions as the premier platform for regional, national, and international insurance intermediaries. They engage lawmakers, regulators, and stakeholders globally to safeguard the interests of their members and the indispensable value they bring to their clients by offering unique networking opportunities and leadership development programs. The organization's four largest events are the Insurance Leadership Forum, Employee Benefits Leadership Forum, Council Academy, and the Legislative and Working Group Summit. These annual gatherings strengthen the Council and its members' relationships with each other, insurance carriers, and members of Congress, forming a solid foundation for future alliances.
The Council of Insurance Agents and Brokers extends its influence to both sides of the political aisle while educating rulemakers on the essential role of brokers and agencies in property/casualty and healthcare insurance programs. By offering exceptional forums for networking, leadership development, and business intelligence, the Council of Insurance Agents and Brokers remains an indispensable partner in the ever-evolving insurance landscape.
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Impact
October, 2024
The Council of Insurance Agents and Brokers plays a crucial role in the insurance industry by representing leading insurance agencies and brokerage firms on a global scale. It actively promotes the interests of its members, facilitating robust relationships among stakeholders, including lawmakers and regulators, to underscore the significant role these intermediaries play in risk mitigation for their clients.
Through a variety of programs and meetings, such as the Insurance Leadership Forum and the Employee Benefits Leadership Forum, the Council provides unique networking opportunities that foster collaboration and knowledge sharing among members. These events not only strengthen connections between brokers, insurance carriers, and legislative bodies but also ensure that members are well-informed and prepared to navigate the evolving landscape of commercial insurance and employee benefits.
By engaging with policymakers, the Council educates them on the essential contributions of brokers and agencies in both property/casualty and health care insurance markets. This advocacy work helps to shape legislation that supports the industry and ultimately benefits consumers. Furthermore, the Council’s emphasis on business intelligence and leadership development equips its members with the tools necessary to thrive in a competitive environment.
Overall, the Council of Insurance Agents and Brokers significantly impacts the insurance sector by enhancing relationships, providing educational resources, and advocating for the industry's interests, thereby contributing to the overall improvement of community and industry standards.
This information is meant to be a general summary of Council Of Insurance Agents And Brokers. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $523,847
- Program Service Revenue: $20,985,375
- Gross Receipts: $23,777,857
Assets and Liabilities:
- Total Assets: $48,445,728
- Total Liabilities: $28,137,983
- Net Assets: $20,307,745
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$8,576,480
PARTNERS IN EXCELLENCE
Revenue
$7,580,000
CONFERENCES & MEETINGS
Revenue
$4,190,825
EDUCATIONAL PROGRAMS
Revenue
$638,070
Organization Details
Founding Year
1913
Phone
(202) 783-4400Principal Officer
Ken A Crerar
Main Address
701 PENNSYLVANIA AVENUE NW 750, WASHINGTON, DC, 200042608
Website
www.ciab.comNTEE Category
Code: S41 - Community improvement
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