NonprofitsIndependent Insurance Agents & Brokers Of South Carolina

Independent Insurance Agents & Brokers Of South Carolina

COLUMBIA, SC

Total revenue

$2.0M

Total expenses

$2.0M

Net assets

$2.0M

Grants received

$37K

1 grants

EIN

570248455

Tax year

2024

Mission

Taxpayer provides membership services to the independent insurance agents in South Carolina to promote the common business interests within the industry.

Programs

3 programs

The object of Conferences is to provide education information training and networking opportunities for independent insurance agents. the following conferences were held in 2024: Annual conference with approximately 420 attendees; Spring conference with approximately 300 attendees; and Fall conference Young Agents was canceled due to storms; Womens conference with approximately 103 attendees.

Expenses: $325K

Publications include monthly newsletters to membership about insurance industry practices benefits and services the Association provides along with various local national legislative updates. Monthly newsletters = 1125 emails per issue 24 issues. Quarterly magazines provide the membership focused on feature articles relative to the insurance industry along with local national legislative updates. Quarterly magazines = 2245 magazines mailed per 4 issues; 1866 emails sent per 4 issues. Legislative updates during legislative sessions = 1 issue 1125 emails. A Market Guide Publication is provided annually = 200 distributed. Other communications to membership: 7 emails related to benefits and services 6926 recipients; 28 emails related to events 50115 recipients; 23 emails related to education. 28262 recipients; 2 emails related to industry 2984 recipients; 1 email related to other items 1226 recipients.

Expenses: $96K

Governmental affairs: consists of providing members access to national marketing and advertising including Trusted Choice products. Also provides members information on effects of new regulations in the industry.

Expenses: $28K

Financials

FY 2024

Revenue

Contributions & grants$339K
Program service revenue$1.4M
Investment income$38K
Other revenue$174K
Total revenue$2.0M

Expenses

Grants paid
Salaries & benefits$906K
Fundraising
Other expenses$1.1M
Total expenses$2.0M
Total assets$2.2M
Net assets$2.0M

People

16 listed

NameRoleCompensation

G Frank Sheppard

President-retired

Board

$140K

40 hrs/wk

Robert E Nalley

Chair Elect and Treasurer

Board

1 hrs/wk

Angus M Brabham IV

Secretary

Board

1 hrs/wk

James G Taylor

National Director

Board

1 hrs/wk

James G Taylor Jr

Immediate Past Chair

Board

1 hrs/wk

Bret Carter

Director

Board

1 hrs/wk

Andrew Deese

Director

Board

1 hrs/wk

Alexander Galloway

Director

Board

1 hrs/wk

William Hamer

Director

Board

1 hrs/wk

Jeniffer S Hincapie

Director

Board

1 hrs/wk

Lauren T Huffman

Director

Board

1 hrs/wk

Shane F Lynn

Director

Board

1 hrs/wk

John R Spence

Director

Board

1 hrs/wk

Richard Walker Jr

Director

Board

1 hrs/wk

Tonya S Thomason

Chair

Board

1 hrs/wk

Rebecca H McCormack

President CEO - elect

Board

0

Grants received

Showing 1 of 1

FromAmountPurposeYear
$37K
ADVERTISING & RECRUITING
2019

Funded by

$37K from 1 funder · 1 grant · 2019

Trusted Choice Inc

$37K · 1 grant · 2019

Details

EIN570248455
Subsection06
Ruling date1943-02
Formed1992
Employees9
Volunteers0
INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA — Mission, Financials & Grants Received | Grantivo