Techassure Association INC FY2022 filing

Purcellville, VAUnknown exempt organizationEIN 13-4102591Revenue $524K in FY2022

On file with the IRStechassure.org37539 Oak Green Lane · Purcellville, VA

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

32¢ of each $1 spent went to programs.
$189K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
32%
of spending
Concern: 32% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$189K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 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
34
of 34 voting members
Looks good: 34 of 34 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$524K
+14% vs prior year
Spent
$617K
To programs
32%
Net assets
$203K
By yearFY2020–FY2024
Revenue
$524K
FY2022▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$477K
FY2021$459K
FY2022$524K
FY2023$584K
FY2024$551K
Expenses
$617K
FY2022▲ +83%
Tap a bar for its year
Expenses by fiscal year
FY2020$457K
FY2021$337K
FY2022$617K
FY2023$563K
FY2024$563K
Net assets
$203K
FY2022▼ -31%
Tap a bar for its year
Net assets by fiscal year
FY2020$173K
FY2021$295K
FY2022$203K
FY2023$223K
FY2024$212K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

32 cents of each dollar spent went to programs.

Program services 32% · $196K

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

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Who runs it and what they're paid

37 people listed on the 990; $189K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director (former)
$189,313Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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.

Questions for Techassure Association INC

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Provided by the organization

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1 program · $196K · in their own filed words · FY2022
01

Held spring and fall educational conferences for members

$196Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$524K
Ln 12
Fees for servicesLn 2g$524K
Investment incomeLn 3$20
Money outPt IX
$617K
Ln 25
Programscol B$196K
Owns and owesPt X
$203K
net assets · Ln 32
Cash and savingsLn 1–2$203K
Total assetsLn 16$203K
LiabilitiesLn 26$0
PeoplePt VI, VII
37
listed · VII A
PaidVII A1
Voting boardVI 1a34
IndependentVI 1b34
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$524K
Investment incomeLn 3$20
Total revenueLn 12$524K
Assets in detailPt X, end of year
CashLn 1$152K
SavingsLn 2$51K
Cash and savings togetherLn 1–2$203K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$203K
LiabilitiesLn 26$0
Net assetsLn 32$203K
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 FY22End FY22
Cash and savingsLn 1–2$255K$203K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$295K$203K
LiabilitiesLn 26$0$0
Net assetsLn 32$295K$203K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$190K
Other salaries and wagesLn 7$59K
Pension plan contributionsLn 8$10K
Other employee benefitsLn 9$19K
Payroll taxesLn 10$17K
Legal feesLn 11b$2K
Accounting feesLn 11c$1K
Advertising and promotionLn 12$372
Office expensesLn 13$2K
OccupancyLn 16$335
TravelLn 17$14K
Conferences, conventions and meetingsLn 19$222K
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$60K
All other expensesLn 24e$12K
Total functional expensesLn 25$617K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $551K$563K−$12K$212K 990 PDF
FY2023 $584K$563K$20K$223K 990 PDF
FY2022 Viewing $524K$617K−$92K$203K 990 PDF
FY2021 $459K$337K$122K$295K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $524,335 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $458,550$524,315
I-10 Investment incomePrior year $24$20
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $458,574$524,335
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $257,380$295,724
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $79,242$320,880
I-18 Total expensesPrior year $336,622$616,604
I-19 Revenue less expensesPrior year $121,952−$92,269
Part VI · Governance 34 of 34 board members independent, 1 to look at
VI-1a Voting members of the governing body34
VI-1b Independent voting members34
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $524,335 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $524,315$524,315
VIII-3 Investment incomeExcluded from tax $20$20
VIII-12 Total revenueRelated to mission $524,315 · Unrelated business $0 · Excluded from tax $20$524,335
Part IX · Statement of functional expenses $616,604 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$190,000
IX-7 Other salaries and wages$59,141
IX-8 Pension plan contributions$9,966
IX-9 Other employee benefits$19,491
IX-10 Payroll taxes$17,126
IX-11b Legal fees$1,500
IX-11c Accounting fees$1,110
IX-12 Advertising and promotion$372
IX-13 Office expenses$2,450
IX-16 Occupancy$335
IX-17 Travel$13,822
IX-19 Conferences, conventions and meetings$221,694
IX-23 Insurance$6,793
IX-24 Other expenses (24a–d)$60,325
IX-24e All other expenses$12,479
IX-25 Total functional expenses$616,604
Part X · Balance sheet $203,001 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $204,476$152,187
X-2 Savings and temporary cash investmentsStart of year $50,794$50,814
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $295,270$203,001
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $295,270$203,001
X-32 Total net assets or fund balancesStart of year $295,270$203,001
X-33 Total liabilities and net assetsStart of year $295,270$203,001
Part XI · Reconciliation of net assets $203,001 net assets at year end
XI-1 Total revenue$524,335
XI-2 Total expenses$616,604
XI-3 Revenue less expenses−$92,269
XI-4 Net assets at start of year$295,270
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$203,001

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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