Insurance Brokers Association Of The State Of New York Inc

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

EIN: 135157170 ✦ Albany, NY ✦ Designated as a 501(c)(6)

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Overview

What is Insurance Brokers Association Of The State Of New York Inc?

The Insurance Brokers Association of the State of New York Inc., located in Albany, New York, is a nonprofit organization committed to serving its members. Their primary mission involves providing advocacy, professional development, networking, and educational opportunities within the insurance broker profession. To achieve this goal, they organize educational forums, networking events, and reception gatherings. The association aims to foster a supportive environment for its members, promoting their growth and success in the field.


Official website here: www.ibany.org

Is Insurance Brokers Association Of The State Of New York Inc legitimate?

Insurance Brokers Association Of The State Of New York Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Insurance Brokers Association Of The State Of New York 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ibany.org

What is the mission statement of Insurance Brokers Association Of The State Of New York Inc?

The Insurance Brokers Association of New York aims to offer advocacy, professional development, networking, and educational opportunities for the insurance broker profession. To accomplish this, they provide educational forums, networking opportunities, and reception events for their members, thereby fostering growth and advancement within the industry. The association's mission is geared towards empowering its members and promoting the profession as a whole.


Official website here: www.ibany.org

Who is the CEO of Insurance Brokers Association Of The State Of New York Inc?

Douglas Fenniman is the President of Insurance Brokers Association Of The State Of New York Inc.


Official website here: www.ibany.org

What is the revenue of Insurance Brokers Association Of The State Of New York Inc?

Insurance Brokers Association Of The State Of New York Inc's revenue in 2022 was $164,712.


Official website here: www.ibany.org

Who are the executives of Insurance Brokers Association Of The State Of New York Inc and what are their salaries?

There 20 volunteers at Insurance Brokers Association Of The State Of New York Inc.


Here are 10 key members and their salaries:


Douglas Fenniman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gordon Reid-Robertson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
F Michael Conte (Sec/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee Mcfadden (Imm Past Pres)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Heck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Kansay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Mannino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Rovelli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yiana Stavrakis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Treglia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ibany.org

Where can I find the form 990 for Insurance Brokers Association Of The State Of New York Inc?

Insurance Brokers Association Of The State Of New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ibany.org

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

Mission Statement of Insurance Brokers Association Of The State Of New York Inc

The Insurance Brokers Association of the State of New York Inc is committed to providing a range of advocacy, professional development, networking, and educational opportunities for the insurance broking profession. This nonprofit organization aims to facilitate the growth and success of its members by offering various educational forums, networking opportunities, and reception events. By doing so, it fosters a supportive environment for professionals in the insurance industry, enabling them to learn, connect, and advance their careers.

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Impact




October, 2024

The Insurance Brokers Association Of The State Of New York Inc plays a pivotal role in enhancing the insurance profession across New York. By focusing on advocacy, professional development, and networking, the organization ensures that its members are well-equipped to navigate the complexities of the insurance industry.

One of the key impacts of the association is its commitment to providing educational forums and training opportunities. These initiatives empower insurance brokers with the knowledge and skills required to stay current in a rapidly changing market, ultimately leading to improved service for their clients.

Networking opportunities facilitated by the association foster collaboration and community among members, enabling them to share best practices, strategies, and insights. This sense of community not only strengthens individual brokers but also enhances the overall professionalism and effectiveness of the insurance industry in New York.

Additionally, the association's advocacy efforts serve to represent the interests of its members in legislative and regulatory matters. By working on behalf of brokers, the organization helps shape policies that affect the industry, ensuring that the voices of insurance professionals are heard and considered in decision-making processes.

In summary, the Insurance Brokers Association Of The State Of New York Inc significantly influences the insurance landscape by providing crucial resources, fostering professional growth, and advocating for its members, thereby enhancing the quality and integrity of the profession.




This information is meant to be a general summary of Insurance Brokers Association Of The State Of New York 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
$164,712 (2022)
Expenses
$255,312 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $62,331
  • Gross Receipts: $164,712

Assets and Liabilities:

  • Total Assets: $46,711
  • Total Liabilities: $17,158
  • Net Assets: $29,553

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Programs

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

CONFERENCES & TRAINING

Revenue

$62,331

Organization Details

Founding Year

1932

Principal Officer

Douglas Fenniman

Main Address

136 EVERETT ROAD, ALBANY, NY, 12205

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