Minnesota Independent Insurance Agents & Brokers

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

EIN: 411757272 ✦ Minnetonka, MN ✦ Designated as a 501(c)(6)

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Overview

What is Minnesota Independent Insurance Agents & Brokers?

Minnesota Independent Insurance Agents & Brokers, based in Minnetonka, Minnesota, is a nonprofit organization serving over 3500 members. Their primary mission is to promote professional competence among members, enhance public understanding of the insurance industry, and create a favorable environment for its members. They achieve this through various means, including educational seminars, lobbying on behalf of the industry, and providing industry-related periodicals and general council services. During the fiscal year 2021-2022, they offered numerous educational seminars and hosted several events to engage their members.


Official website here: www.miia.org

Is Minnesota Independent Insurance Agents & Brokers legitimate?

Minnesota Independent Insurance Agents & Brokers is a legitimate nonprofit organization registered as a 501(c)(6) entity. Minnesota Independent Insurance Agents & 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.miia.org

What is the mission statement of Minnesota Independent Insurance Agents & Brokers?

Minnesota Independent Insurance Agents & Brokers are committed to providing educational seminars, advocating for the industry through lobbying, distributing industry-related periodicals, and offering general council services. The organization's primary objectives include promoting and maintaining high professional competence among its members, fostering public understanding of the profession, and creating a favorable environment for its members. Furthermore, the organization aims to provide its members with various services and benefits.


Official website here: www.miia.org

Who is the CEO of Minnesota Independent Insurance Agents & Brokers?

Dan Riley is the State National Director of Minnesota Independent Insurance Agents & Brokers.


Official website here: www.miia.org

What is the revenue of Minnesota Independent Insurance Agents & Brokers?

Minnesota Independent Insurance Agents & Brokers's revenue in 2022 was $1,428,354.


Official website here: www.miia.org

Who are the executives of Minnesota Independent Insurance Agents & Brokers and what are their salaries?


Here are 11 key members and their salaries:


Chad Bjugan (State National Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Flavin (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Ostermann (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Nesbit (President Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Larson (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jake Olinger (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grant Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean Sundlof (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Bauer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Mckenny (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Butler (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.miia.org

Where can I find the form 990 for Minnesota Independent Insurance Agents & Brokers?

Minnesota Independent Insurance Agents & Brokers's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.miia.org

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

Mission Statement of Minnesota Independent Insurance Agents & Brokers

Minnesota Independent Insurance Agents & Brokers, as an organization, is dedicated to promoting and maintaining high professional competence within its membership. This is achieved through providing educational seminars and industry-related periodicals. The mission of this nonprofit also involves lobbying on behalf of the insurance industry to create a favorable environment. Furthermore, Minnesota Independent Insurance Agents & Brokers aims to promote public understanding of the insurance profession and offer general council services to its members, providing them with various benefits and services.

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Impact




October, 2024

Minnesota Independent Insurance Agents & Brokers plays a significant role in enhancing the insurance industry within the state. By organizing educational seminars and providing ongoing training, the organization helps its over 3,500 members maintain high standards of professional competence. This commitment to education not only empowers individual agents but also strengthens the overall quality of service within the industry.

In addition to education, the organization actively engages in lobbying efforts to advocate for the interests of its members. This includes addressing legislative issues that impact the insurance sector, which helps to create a favorable environment for independent agents and brokers. Their focus on public understanding of the profession ensures that community members are informed and can make educated choices regarding insurance options.

Through the dissemination of industry-related periodicals and general council services, Minnesota Independent Insurance Agents & Brokers provides vital resources that keep members informed of best practices, market developments, and regulatory changes. Overall, the organization significantly contributes to community improvement by promoting professionalism and advocating for the insurance industry in Minnesota.




This information is meant to be a general summary of Minnesota Independent Insurance Agents & 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.

Revenue
$1,428,354 (2022)
Expenses
$1,359,084 (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: $813,775
  • Gross Receipts: $1,428,354

Assets and Liabilities:

  • Total Assets: $1,723,856
  • Total Liabilities: $581,236
  • Net Assets: $1,142,620

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Programs

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

CONVENTION

Revenue

$277,333

CIC INSTITUTES

Revenue

$275,158

CISR INSTITUTES

Revenue

$104,291

EDUCATION PROGRAMS

Revenue

$90,404

ROYALTIES

Revenue

$66,587

Organization Details

Founding Year

1993

Principal Officer

Dan Riley

Main Address

601 CARLSON PARKWAY 450, MINNETONKA, MN, 55305

NTEE Category

Code: S41 - Community improvement

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