Insurance Educational Association

Huntington Beach, CAUnknown exempt organizationEIN 94-1227739

Iea creates and provides professional development and continuing education products and services in insurance, risk management and disability management.

Run by 11 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $38K a year · 7% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$99K
to officers and key staff · 183% of spending
Concern: pay to officers and key staff is 183% of spending; over 30%.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$375K
-46% vs prior year
Spent
$54K
To programs
0%
Net assets
$0
By yearFY2020–FY2021
Revenue
$375K
FY2021▼ -46%
Revenue by fiscal year
FY2020$697K
FY2021$375K
Expenses
$54K
FY2021▼ -94%
Expenses by fiscal year
FY2020$941K
FY2021$54K
Net assets
$0
FY2021▲ +100%
Net assets by fiscal year
FY2020−$321K
FY2021$0

From the FY2021 Form 990 (year ending February 2021) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $54K

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

Who runs it and what they're paid

10 people listed on the 990; $99K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$98,671Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Co-Chairman
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
Regina Magee$98,671$181,053
Rob Redwitz—$43,400

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

Offers professional development and education in insurance, risk, and disability management.

Provided by the organization

This section is blank until Insurance Educational Association claims this page.

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1 program service, described in the organization's own filed words · FY2020.
01

The organization offered courses in workers compensation insurance, disability insurance and property and casuality insurance through various teaching methods.

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $23K · 2019–2019
National Association of Insurance Women - San Francisco ChapterFY2019$22,939

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$375K
Ln 12
Other incomeLn 4–11$307K
Investment incomeLn 3$68K
Money outPt IX
$54K
Ln 25
Managementcol C$54K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$68K
Other incomeLn 4–11$307K
Gains on assetsLn 7$68K
Total revenueLn 12$375K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 54
VolunteersI 611
Fiscal year endsHeaderFebruary
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 FY21End FY21
Cash and savingsLn 1–2$21K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$26K$0
LiabilitiesLn 26$346K$0
Net assetsLn 32−$321K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$15K$15K
Payroll taxesLn 10$579$579
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$9K$9K
Other expenses (24a–d)Ln 24$24K$24K
All other expensesLn 24e$63$63
Total functional expensesLn 25$54K$0$54K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $375K$54K$321K$0 990 PDF
FY2020 $697K$941K−$244K−$321K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $374,752 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $2$2
VIII-7 Net gain or loss on sales of assetsExcluded from tax $67,763$67,763
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $306,987$306,987
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $374,752$374,752
Part IX · Statement of functional expenses $54,051 across 6 lines filed
IX-5 Pay of current officers, directors and key staffManagement $15,278$15,278
IX-10 Payroll taxesManagement $579$579
IX-11b Legal feesManagement $5,799$5,799
IX-11c Accounting feesManagement $8,793$8,793
IX-24 Other expenses (24a–d)Management $23,539$23,539
IX-24e All other expensesManagement $63$63
IX-25 Total functional expensesPrograms $0 · Management $54,051 · Fundraising $0$54,051
Part X · Balance sheet $0 assets, 18 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $21,148$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $4,585$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $25,733$0
X-25 Other liabilitiesStart of year $329,627$0
X-26 Total liabilitiesStart of year $346,434$0
X-27 Net assets without donor restrictionsStart of year −$320,701$0
X-32 Total net assets or fund balancesStart of year −$320,701$0
X-33 Total liabilities and net assetsStart of year $25,733$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$374,752
XI-2 Total expenses$54,051
XI-3 Revenue less expenses$320,701
XI-4 Net assets at start of year−$320,701
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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