Trusted Choice is a unifying brand created to help educate consumers about the benefits of using an independent insurance agent or broker when buying insurance.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 9 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $32K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$371K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
24 mo
of spending, in cash
Looks good: 23.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
-8% vs prior year
Spent
$2.6M
Net assets
$3.7M
By yearFY2020–FY2025
Revenue
$4.0M
FY2025▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.9M
FY2021$4.8M
FY2022$4.9M
FY2023$4.8M
FY2024$4.3M
FY2025$4.0M
Expenses
$2.6M
FY2025▼ -26%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.4M
FY2021$5.4M
FY2022$5.1M
FY2023$4.5M
FY2024$3.5M
FY2025$2.6M
Net assets
$3.7M
FY2025▲ +59%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$1.5M
FY2022$1.3M
FY2023$1.5M
FY2024$2.3M
FY2025$3.7M

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2005.

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

Who runs it and what they're paid

13 people listed on the 990; $371K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$163,855Pt VII · Sec A
Vice President
$162,975Pt VII · Sec A
$22,780Pt VII · Sec A
Chief Counsel/Secretary
$16,236Pt VII · Sec A
$5,246Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Charles Symington’s $164K as President is at the 52nd percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kevin Brandt$162,975$142,507$117,561$191,282$191,635$184,811
Charles Symington$163,855$95,831————
Robert a Rusbuldt—$57,737$115,504$99,636$99,298$96,162
Eugene S Cocke$22,780$28,778$32,522$52,321$42,130$33,917
Scott D Kneeland$16,236$18,697$32,146$34,465$31,374$24,922
Arumugan Pillai$5,246—————

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 15aYes

Programs and updates

Educates consumers on the advantages of using independent insurance agents.

Questions for Trusted Choice INC

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Trusted choice is the national marketing brand created exclusively for big "I" members to help consumers understand the value that an independent agent offers. This is not a market access program, but a brand that is designed to highlight the strengths of independent insurance agents: choice, customization, and advocacy.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$100K
Grants paid · 85 grants · $4.1M · 2019–2024
See all 85 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.0M
Ln 12
Fees for servicesLn 2g$3.9M
Investment incomeLn 3$20K
Other incomeLn 4–11$6K
Money outPt IX
$2.6M
Ln 25
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$5.1M
Total assetsLn 16$5.2M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
13
listed · VII A
PaidVII A5
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.9M
Investment incomeLn 3$20K
Other incomeLn 4–11$6K
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
SavingsLn 2$5.1M
Cash and savings togetherLn 1–2$5.1M
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$0
Total assetsLn 16$5.2M
LiabilitiesLn 26$1.5M
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderAugust
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 FY25End FY25
Cash and savingsLn 1–2$3.1M$5.1M
Land, buildings, equipmentLn 10c$11K$6K
Total assetsLn 16$3.6M$5.2M
LiabilitiesLn 26$1.2M$1.5M
Net assetsLn 32$2.3M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$424K
Other salaries and wagesLn 7$718K
Pension plan contributionsLn 8$70K
Other employee benefitsLn 9$196K
Payroll taxesLn 10$56K
Management feesLn 11a$446K
Legal feesLn 11b$8K
Advertising and promotionLn 12$410K
Office expensesLn 13$11K
Information technologyLn 14$114K
OccupancyLn 16$1K
TravelLn 17$50K
Conferences, conventions and meetingsLn 19$30K
Depreciation, depletion and amortizationLn 22$5K
InsuranceLn 23$14K
Other expenses (24a–d)Ln 24$41K
All other expensesLn 24e$2K
Total functional expensesLn 25$2.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.0M$2.6M$1.4M$3.7M 990 PDF
FY2024 $4.3M$3.5M$807K$2.3M 990 PDF
FY2023 $4.8M$4.5M$275K$1.5M 990 PDF
FY2022 $4.9M$5.1M−$212K$1.3M 990 PDF
FY2021 $4.8M$5.4M−$548K$1.5M 990 PDF
FY2020 $4.9M$6.4M−$1.5M$2.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $3,967,828 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $100,000$0
I-9 Program service revenuePrior year $4,201,955$3,942,093
I-10 Investment incomePrior year $12,816$20,220
I-11 Other revenuePrior year $0$5,515
I-12 Total revenuePrior year $4,314,771$3,967,828
I-13 Grants and similar amounts paidPrior year $527,363$423,720
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,065,668$1,040,177
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,914,310$1,133,018
I-18 Total expensesPrior year $3,507,341$2,596,915
I-19 Revenue less expensesPrior year $807,430$1,370,913
Part VI · Governance 8 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,967,828 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,942,093$3,942,093
VIII-3 Investment incomeExcluded from tax $20,220$20,220
VIII-5 RoyaltiesExcluded from tax $5,515$5,515
VIII-12 Total revenueRelated to mission $3,942,093 · Unrelated business $0 · Excluded from tax $25,735$3,967,828
Part IX · Statement of functional expenses $2,596,915 across 17 lines filed
IX-1 Grants to domestic organizations$423,720
IX-7 Other salaries and wages$717,521
IX-8 Pension plan contributions$70,119
IX-9 Other employee benefits$196,500
IX-10 Payroll taxes$56,037
IX-11a Management fees$446,032
IX-11b Legal fees$8,205
IX-12 Advertising and promotion$409,578
IX-13 Office expenses$11,272
IX-14 Information technology$113,943
IX-16 Occupancy$1,181
IX-17 Travel$50,218
IX-19 Conferences, conventions and meetings$29,922
IX-22 Depreciation, depletion and amortization$5,037
IX-23 Insurance$14,488
IX-24 Other expenses (24a–d)$41,146
IX-24e All other expenses$1,996
IX-25 Total functional expenses$2,596,915
Part X · Balance sheet $5,167,882 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $3,117,108$5,144,910
X-4 Accounts receivableStart of year $9,926$3,458
X-9 Prepaid expenses and deferred chargesStart of year $176,129$13,407
X-10c Land, buildings and equipment, netStart of year $11,144$6,107
X-15 Other assetsStart of year $267,162$0
X-16 Total assetsStart of year $3,581,469$5,167,882
X-17 Accounts payable and accrued expensesStart of year $397,019$499,655
X-19 Deferred revenueStart of year $851,257$943,573
X-25 Other liabilitiesStart of year $0$20,548
X-26 Total liabilitiesStart of year $1,248,276$1,463,776
X-27 Net assets without donor restrictionsStart of year $2,333,193$3,704,106
X-32 Total net assets or fund balancesStart of year $2,333,193$3,704,106
X-33 Total liabilities and net assetsStart of year $3,581,469$5,167,882
Part XI · Reconciliation of net assets $3,704,106 net assets at year end
XI-1 Total revenue$3,967,828
XI-2 Total expenses$2,596,915
XI-3 Revenue less expenses$1,370,913
XI-4 Net assets at start of year$2,333,193
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,704,106

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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