Alabama Independent Insurance Agents Inc

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

EIN: 630001943 ✦ Birmingham, AL ✦ Designated as a 501(c)(6)

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Overview

What is Alabama Independent Insurance Agents Inc?

Alabama Independent Insurance Agents Inc is a nonprofit organization situated in Birmingham, Alabama. Primarily, its mission is to foster the education of insurance professionals in the state by offering various opportunities. This includes meeting legal requirements for renewing insurance licenses, providing certification programs in various insurance fields, and serving as a resource for training new employees in obtaining their licenses and mastering the technical aspects of the insurance industry. With a team of nine individuals, Alabama Independent Insurance Agents Inc is committed to supporting the growth and development of insurance professionals in Alabama.

Is Alabama Independent Insurance Agents Inc legitimate?

Alabama Independent Insurance Agents Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Alabama Independent 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: $100,737
Professional Fundraising Fees: $0
Other Salaries and Wages: $332,097

For more financial information, click here

What is the mission statement of Alabama Independent Insurance Agents Inc?

Alabama Independent Insurance Agents Inc is committed to promoting the education of insurance professionals. Their primary objective is to offer educational opportunities for their members, ensuring they meet their legal requirements under Alabama state law to renew their licenses. Beyond this, the organization provides chances for members to become certified in various insurance fields. Additionally, Alabama Independent Insurance Agents Inc serves as a resource for training new employees, preparing them for obtaining their licenses and building a career in the insurance industry. The organization's educational offerings cater to a variety of needs within the insurance profession.

Who is the CEO of Alabama Independent Insurance Agents Inc?

Kevin Myrick is the President of Alabama Independent Insurance Agents Inc.

What is the revenue of Alabama Independent Insurance Agents Inc?

Alabama Independent Insurance Agents Inc's revenue in 2022 was $1,475,810.

Who are the executives of Alabama Independent Insurance Agents Inc and what are their salaries?

The average compensation at Alabama Independent Insurance Agents Inc during 2022 was $48,093. There are 9 employees and 300 volunteers at Alabama Independent Insurance Agents Inc.


Here are 23 key members and their salaries:


Bill Jacka Jr (Director)
  • Compensation: $100,737
  • Related: $0
  • Other: $0
Kelly Aday (President-Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Roberts (Secretary/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Coletta (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Armstrong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Brunson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joni Holt (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Hoggle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trip Wheelless (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vickie Fuller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Greer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry White (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Ragland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Mcfeeters (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Coley Boone (Young Agents)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Reynolds (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lin Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Murphree (St/Nat Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zach Schneider (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Myrick (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Torie Rinehart Nix (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Thigpen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Humber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Alabama Independent Insurance Agents Inc?

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

Mission Statement of Alabama Independent Insurance Agents Inc

Alabama Independent Insurance Agents Inc is committed to promoting the education of insurance professionals within the state. Their primary mission is to offer educational opportunities to its members, catering to various professional needs. This includes fulfilling the legal requirements necessary for renewing insurance licenses under Alabama state law. Furthermore, the organization extends its educational offerings to members seeking certification in various fields within the insurance industry. Lastly, Alabama Independent Insurance Agents Inc serves as a valuable resource for training new employees, preparing them for obtaining their insurance licenses and navigating the intricacies of the insurance business. This comprehensive approach to education equips its members and new employees with the necessary skills and knowledge to excel in their careers within the insurance industry.

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Impact




October, 2024

Alabama Independent Insurance Agents Inc significantly contributes to the professional development of insurance agents across the state. By focusing on education, the organization ensures that members are well-informed and compliant with Alabama state laws necessary for maintaining their insurance licenses. This support is critical for enhancing the industry’s overall standards and professionalism.

The organization also offers specialized educational programs that allow members to gain certifications in various fields within insurance, promoting expertise and competency in the industry. Furthermore, it provides resources for training new employees, equipping them with the necessary knowledge and skills to succeed in their careers. This comprehensive approach not only helps individual agents but also strengthens the insurance sector in Alabama, fostering a culture of continuous learning and improvement.




This information is meant to be a general summary of Alabama Independent 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.

Revenue
$1,475,810 (2022)
Expenses
$1,577,611 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,771
  • Program Service Revenue: $692,573
  • Gross Receipts: $1,475,810

Assets and Liabilities:

  • Total Assets: $1,681,950
  • Total Liabilities: $18,600
  • Net Assets: $1,663,350

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Programs

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

CONFERENCES/ CONVENTIONS

Revenue

$356,860

SCHOOL & EDUCATION

Revenue

$335,713

Organization Details

Principal Officer

Kevin Myrick

Main Address

141 LONDON PARKWAY, BIRMINGHAM, AL, 35211

NTEE Category

Code: Y20 - Mutual benefit

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