Independent Agents Association Executives INC EIN 58-2004363

Independent Agents Association Executives INC

EIN  58-2004363 Business league / trade association Warwick, RI Founded 1992
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Educates association managers to professionally handle their organizations through learning and sharing.
Leadership
Matt Banaszynski · President
Money in and out
$236K revenue, $276K expenses
Bottom line
-17% operating surplus

Educates association managers to professionally handle their organizations through learning and sharing. For fiscal year 2025 it reported $236K in revenue, $276K in expenses, and $279K in net assets.Pt I

Membership & operating revenue · FY2025
Total revenue
$236K
Pt VIII · Ln 12
Total expenses
$276K
Pt IX · Ln 25
Net assets
$279K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$39K
Where spending went · Part IX cols B–D
Program services $0.61
Operating surplus
-17%
revenue over expenses▲ +1% vs prior filing year
Earned revenue
18%
of revenue from program services & dues▼ -18% vs prior filing year
Payroll share
0%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$236K
FY2025▲ +18%
Expenses
$276K
FY2025▲ +18%
Total assets
$295K
FY2025▼ -12%
Total liabilities
$16K
FY2025▼ -12%
Total revenue
$236K
Pt VIII · Ln 12
Total expenses
$276K
Pt IX · Ln 25
Net assets
$279K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$39K
Total assetsPt X · Ln 16$295K
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $168K of program spending, described in the organization's own filed words · FY2025.
01

The association is a non-profit membership organization whose purpose is to enhance the ability of its members to professionally manage the affairs of the associations they represent. The annual convention provides specialized education to members, communication to and with agents national organization, and the exchange of ideas among…

$142Kprogram expense
02

The association purchases ZOOM/GO to meeting subscription for all members and bills back to each participating state.

$26Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIndependent Agents Association Executives INC
EINHdr · item D58-2004363
Principal addressHdr · item CWarwick, RI
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1992
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S03)
Ruling yearIRS BMFAug 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Immed. Past President
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$173K · 73%
Program service revenue$42K · 18%
Investment income$11K · 5%
Other revenue$10K · 4%
Contributions & grants73%$173K
Program service revenue18%$42K
Investment income5%$11K
Other revenue4%$10K
Total revenueLn 12$236K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61
Program services61%$168K
Total functional expensesLn 25$276K

Balance Sheet

Part X · end of year
CashLn 1$242K
Total assetsLn 16$295K
Total liabilitiesLn 26$16K
Total net assetsLn 32$279K
Months of cash on handcomputed10.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $242K · Operating expenses/yr $276K
10.6 months
Where the money goes
Program services
Program services $168K · Total expenses $276K
61%
Management & General
Management & general — · Total expenses $276K
Fundraising
Fundraising — · Total expenses $276K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $173K · Total revenue $236K
73%
Government reliance
Government grants — · Total revenue $236K
Earned-income share
Program service revenue $42K · Total revenue $236K
18%
Investment reliance
Investment income $11K · Total revenue $236K
+5%
Program self-sufficiency
Program service revenue $42K · Total expenses $276K
15%
Growth & trend
Revenue growth (YoY)
This year $236K · Prior year $201K
+18%
Revenue CAGR
FY2020 $113K · FY2025 $236K
+16%
Net-asset trend (YoY)
End of year $279K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $236K · Expenses $276K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $295K
Net-asset ratio
Net assets $279K · Total assets $295K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $295K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Matt Banaszynski · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $276K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $276K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 61%
Revenue growth 18%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$236K revenue · viewing · ⤓ 990 PDF
FY2024$201K revenue · ⤓ 990 PDF
FY2023$206K revenue · ⤓ 990 PDF
FY2022$194K revenue · ⤓ 990 PDF
FY2021$170K revenue · ⤓ 990 PDF
FY2020$113K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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