Independent Insurance Agents Of Nj

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

EIN: 221151205 ✦ Trenton, NJ ✦ Designated as a 501(c)(6)

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Overview

What is Independent Insurance Agents Of Nj?

Independent Insurance Agents of New Jersey, abbreviated as IIABNJ, is a nonprofit organization committed to fostering collective growth beyond individual capabilities. Established with a mission to uphold the American Independent Insurance Agency system's principles, IIABNJ advocates for and enhances this system through professional development and advocacy. Their primary objective is to support the success of their members as they serve their communities with dedication and expertise. IIABNJ develops various programs and services designed to provide members with valuable resources, ultimately helping them achieve more collectively than they could individually.


Official website here: www.biginj.org

Is Independent Insurance Agents Of Nj legitimate?

Independent Insurance Agents Of Nj is a legitimate nonprofit organization registered as a 501(c)(6) entity. Independent Insurance Agents Of Nj 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: $150,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $303,789

For more financial information, click here


Official website here: www.biginj.org

What is the mission statement of Independent Insurance Agents Of Nj?

The Independent Insurance Agents of New Jersey was established with the mission to champion and uphold the values of the American Independent Insurance Agency system. Their primary goal is to advance this system by advocating for its principles and fostering professionalism among its members. The organization aims to support the success of its members, enabling them to serve their communities with distinction and excellence. To achieve this, the Independent Insurance Agents of New Jersey develops programs and services that enhance collective growth beyond individual capabilities.


Official website here: www.biginj.org

Who is the CEO of Independent Insurance Agents Of Nj?

Michael L Razze is the Chairman of Independent Insurance Agents Of Nj. The CEO's salary of Independent Insurance Agents Of Nj is $150,000 and their total compensation is $150,000.


Official website here: www.biginj.org

What is the revenue of Independent Insurance Agents Of Nj?

Independent Insurance Agents Of Nj's revenue in 2022 was $772,064.


Official website here: www.biginj.org

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

The average compensation at Independent Insurance Agents Of Nj during 2022 was $50,421. There are 9 employees at Independent Insurance Agents Of Nj.


Here are 22 key members and their salaries (Independent Insurance Agents Of Nj's CEO's salary is $150,000 and their total compensation is $150,000):


Harold W Soden Jr (Chairman)
  • Compensation: $3,600
  • Related: $0
  • Other: $0
Christopher P O'Neill (Vice Chairman/Treasurer)
  • Compensation: $1,800
  • Related: $0
  • Other: $0
Gerald F Ford Iii (National Director)
  • Compensation: $1,200
  • Related: $0
  • Other: $0
Jeff Wyrsch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Abbott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David J Strout Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristin Ryan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert D Hess (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leland S Stanford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Caughlan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacki Frank (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Guerra-Lapenna (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Hill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ramiro Martinez-Anillo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamie Nielsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Perez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glen Watkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annmarie Westerfield (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Zelhof (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Shannon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael L Razze Jr (President & Ceo)
  • Compensation: $150,000
  • Related: $0
  • Other: $0
Sheri A Acconzo (Immediate Past President &)
  • Compensation: $11,145
  • Related: $0
  • Other: $0


Official website here: www.biginj.org

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

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


Official website here: www.biginj.org

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

Mission Statement of Independent Insurance Agents Of Nj

The Independent Insurance Agents of New Jersey, often abbreviated as IIABNJ, was established with a mission to promote and uphold the values of the American Independent Insurance Agency system. This organization seeks to advance this system through advocacy and professionalism, aiming to support the success of its member agencies in serving their local communities with distinction. By developing programs and services, IIABNJ strives to help its members achieve collective growth that they might not attain individually. This mission is centered around upholding the principles and practices of the independent insurance agency system while prioritizing member success and community service.

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Impact




October, 2024

Independent Insurance Agents of New Jersey plays a crucial role in strengthening the independent insurance agency system through advocacy and professionalism. By focusing on the collective success of its member agencies, IIABNJ fosters an environment where independent agents can thrive. It develops targeted programs and services that empower members to enhance their business practices, ultimately benefiting the communities they serve.

Through its initiatives, IIABNJ promotes the values and practices of the American Independent Insurance Agency system, ensuring that agents can navigate the complexities of the insurance landscape effectively. This support not only enhances the performance of individual agencies but also contributes to the overall stability and growth of the insurance market in New Jersey.

Moreover, by advocating for the interests of independent agents, IIABNJ helps to ensure that the voices of these agencies are heard in legislative and regulatory discussions. This advocacy is key to maintaining a competitive insurance environment that serves the needs of consumers while providing a platform for independent agents to excel in their roles. Through its commitment to professionalism and community service, IIABNJ significantly impacts both the insurance industry and the communities where its members operate.




This information is meant to be a general summary of Independent Insurance Agents Of Nj. 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
$772,064 (2022)
Expenses
$1,235,326 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$184,927
  • Program Service Revenue: $506,264
  • Gross Receipts: $8,536,973

Assets and Liabilities:

  • Total Assets: $4,471,739
  • Total Liabilities: $0
  • Net Assets: $4,471,739

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Programs

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

Membership Dues & Assessments

Revenue

$301,838

Education

Revenue

$65,310

Meetings

Revenue

$49,753

Young Agents Committee

Revenue

$29,340

Organization Details

Founding Year

1893

Principal Officer

Michael L Razze

Main Address

2211 Whitehorse-Mercerville Road, Trenton, NJ, 086192600

NTEE Category

Code: Y20 - Mutual benefit

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