Techassure Association INC FY2020 filing

Purcellville, VAUnknown exempt organizationEIN 13-4102591

To educate insurance industry professionals and the general public about risk management

18¢ of each $1 spent went to programs.
$217K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $12K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
18%
of spending
Concern: 18% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$217K
to officers and key staff · 47% of spending
Concern: pay to officers and key staff is 47% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
31
of 31 voting members
Looks good: 31 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$477K
Spent
$457K
To programs
18%
Net assets
$173K
By yearFY2020–FY2024
Revenue
$477K
FY2020
Revenue by fiscal year
FY2020$477K
FY2021$459K
FY2022$524K
FY2023$584K
FY2024$551K
Expenses
$457K
FY2020
Expenses by fiscal year
FY2020$457K
FY2021$337K
FY2022$617K
FY2023$563K
FY2024$563K
Net assets
$173K
FY2020
Net assets by fiscal year
FY2020$173K
FY2021$295K
FY2022$203K
FY2023$223K
FY2024$212K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

18 cents of each dollar spent went to programs.

Program services 18% · $83K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

32 people listed on the 990; $217K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$216,511Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
H Garrett Droege———$124,537$216,511
Christine Kallivokas—$162,704$189,313$36,562—
Weren De Vliegher$131,668————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates insurance professionals and the public about risk management.

Provided by the organization

This section is blank until Techassure Association INC claims this page.

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1 program service account for $83K of program spending, described in the organization's own filed words · FY2020.
01

Held spring and fall educational conferences for members

$83Kprogram expense

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$477K
Ln 12
Fees for servicesLn 2g$477K
Investment incomeLn 3$32
Money outPt IX
$457K
Ln 25
Programscol B$83K
Owns and owesPt X
$173K
net assets · Ln 32
Cash and savingsLn 1–2$128K
Total assetsLn 16$173K
LiabilitiesLn 26$0
PeoplePt VI, VII
32
listed · VII A
PaidVII A1
Voting boardVI 1a31
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$477K
Investment incomeLn 3$32
Total revenueLn 12$477K
Assets in detailPt X, end of year
CashLn 1$77K
SavingsLn 2$51K
Cash and savings togetherLn 1–2$128K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$173K
LiabilitiesLn 26$0
Net assetsLn 32$173K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$128K$128K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$153K$173K
LiabilitiesLn 26$0$0
Net assetsLn 32$153K$173K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$217K
Other salaries and wagesLn 7$30K
Payroll taxesLn 10$66K
Accounting feesLn 11c$2K
Advertising and promotionLn 12$472
TravelLn 17$5K
Conferences, conventions and meetingsLn 19$83K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$41K
All other expensesLn 24e$9K
Total functional expensesLn 25$457K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $551K$563K−$12K$212K 990 PDF
FY2023 $584K$563K$20K$223K 990 PDF
FY2022 $524K$617K−$92K$203K 990 PDF
FY2021 $459K$337K$122K$295K 990 PDF
FY2020 Viewing $477K$457K$20K$173K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $477,104 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $477,072$477,072
VIII-3 Investment incomeExcluded from tax $32$32
VIII-12 Total revenueRelated to mission $477,072 · Unrelated business $0 · Excluded from tax $32$477,104
Part IX · Statement of functional expenses $457,035 across 10 lines filed
IX-5 Pay of current officers, directors and key staff$216,511
IX-7 Other salaries and wages$30,324
IX-10 Payroll taxes$66,329
IX-11c Accounting fees$2,450
IX-12 Advertising and promotion$472
IX-17 Travel$4,640
IX-19 Conferences, conventions and meetings$82,922
IX-23 Insurance$3,716
IX-24 Other expenses (24a–d)$40,564
IX-24e All other expenses$9,107
IX-25 Total functional expenses$457,035
Part X · Balance sheet $173,318 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $32,429$76,758
X-2 Savings and temporary cash investmentsStart of year $95,738$50,769
X-4 Accounts receivableStart of year $13,944$44,000
X-9 Prepaid expenses and deferred chargesStart of year $11,138$1,791
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $153,249$173,318
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $153,249$173,318
X-32 Total net assets or fund balancesStart of year $153,249$173,318
X-33 Total liabilities and net assetsStart of year $153,249$173,318
Part XI · Reconciliation of net assets $173,318 net assets at year end
XI-1 Total revenue$477,104
XI-2 Total expenses$457,035
XI-3 Revenue less expenses$20,069
XI-4 Net assets at start of year$153,249
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$173,318

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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