Overview
What is Florida Association Of Insurance Agents Inc?
The Florida Association of Insurance Agents Inc, headquartered in Tallahassee, Florida, is a nonprofit organization dedicated to serving both Florida insurance agents and consumers. The primary focus of their activities is to foster a thriving and competitive insurance environment. To achieve this, they allocate 20% of their resources towards an educational program, aiming to equip insurance agents with the necessary knowledge and skills to navigate the intricate and ever-evolving insurance industry. This is crucial as the industry is subject to constant changes due to state statutes and regulatory bodies. The association's mission is to ensure that agents are competent and well-equipped to meet the needs of their clients, thereby promoting a healthy insurance market in Florida. With a workforce of 33 individuals, the Florida Association of Insurance Agents Inc plays a significant role in supporting both the insurance industry and the consumers it serves.
Official website here: www.faia.com
Is Florida Association Of Insurance Agents Inc legitimate?
Florida Association Of Insurance Agents Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Florida Association Of Insurance Agents 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: $1,549,790
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,308,535
For more financial information, click here
Official website here: www.faia.com
What is the mission statement of Florida Association Of Insurance Agents Inc?
The Florida Association of Insurance Agents Inc has a mission to cater to the needs of both insurance agents and consumers in Florida. They aim to foster a thriving and competitive insurance environment. A significant portion of their resources is dedicated to an educational program, which comprises 20% of their expenses. This program is designed to provide ongoing education and training for insurance agents in Florida, as the insurance industry is complex and continually evolves due to state statutes and regulations. Continuous learning is crucial to ensure agents remain competent and updated in their field.
Official website here: www.faia.com
Who is the CEO of Florida Association Of Insurance Agents Inc?
Kyle Ulrich is the Director of Florida Association Of Insurance Agents Inc. The CEO's salary of Florida Association Of Insurance Agents Inc is $498,391 and their total compensation is $563,085.
Official website here: www.faia.com
What is the revenue of Florida Association Of Insurance Agents Inc?
Florida Association Of Insurance Agents Inc's revenue in 2022 was $7,681,350.
Official website here: www.faia.com
Who are the executives of Florida Association Of Insurance Agents Inc and what are their salaries?
The average compensation at Florida Association Of Insurance Agents Inc during 2022 was $86,616. There are 33 employees and 271 volunteers at Florida Association Of Insurance Agents Inc.
Here are 24 key members and their salaries (Florida Association Of Insurance Agents Inc's CEO's salary is $498,391 and their total compensation is $563,085):
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- Compensation: $231,395
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- Compensation: $498,391
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- Compensation: $105,194
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- Other: $16,006
- Compensation: $107,536
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- Other: $20,851
Official website here: www.faia.com
Where can I find the form 990 for Florida Association Of Insurance Agents Inc?
Florida Association Of Insurance Agents Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.faia.com
Learn more at the official website: www.faia.com
Mission Statement of Florida Association Of Insurance Agents Inc
Florida Association of Insurance Agents Inc is dedicated to serving the needs of Florida's insurance agents and consumers. Their mission is to foster a healthy and competitive insurance environment by promoting relevant education and training for insurance agents in the state. Recognizing the intricate nature of the insurance industry, which is subject to frequent changes due to state statutes and regulators, the association invests 20% of its resources in an education program. This program aims to keep insurance agents competent and up-to-date, ensuring they are well-equipped to meet the needs of their clients.
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Impact
October, 2024
The Florida Association of Insurance Agents Inc plays a crucial role in shaping the insurance landscape in Florida. By focusing on the needs of insurance agents and consumers, the organization fosters a competitive and supportive environment essential for both sectors.
One of the key impacts of the association is its commitment to education and training for insurance agents. This program, which represents 20% of the association's expenses, addresses the complexities of the insurance industry, ensuring that agents remain knowledgeable and compliant with the ever-evolving state statutes and regulations. This continuous education not only enhances the competency of agents but also ultimately benefits consumers who rely on them for informed and reliable guidance.
Through its efforts, the association strengthens the overall insurance market in Florida, promoting ethical practices and improved service delivery, which in turn contributes to the financial well-being of consumers and the industry alike. Their mission to promote a healthy and competitive insurance environment is vital for the ongoing development and stability of the sector, enhancing both community trust and economic resilience within the state.
This information is meant to be a general summary of Florida Association Of Insurance Agents 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $30,257
- Program Service Revenue: $4,356,827
- Gross Receipts: $14,077,402
Assets and Liabilities:
- Total Assets: $19,355,911
- Total Liabilities: $2,348,470
- Net Assets: $17,007,441
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$2,334,164
CONVENTION FEES
Revenue
$1,083,919
REGISTRATION FEES
Revenue
$655,072
SPONSORSHIPS
Revenue
$256,238
CONVENTION FEES - UBIT
Revenue
$27,434
Organization Details
Founding Year
1904
Phone
(850) 893-4155Principal Officer
Kyle Ulrich
Main Address
PO BOX 12129, TALLAHASSEE, FL, 32317
Website
www.faia.comNTEE Category
Code: S41 - Community improvement
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