Civic Intelligence

Insurance Accounting and Systems Association Inc

990 • Fiscal year 2017 • EIN 56-1526114

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 27, 2017

PO Box 51340Durham, NC 27717

(919) 489-0991

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.45x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

77th percentile

0.46x

Higher debt load relative to revenue than 77% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

31st percentile

-3.2%

Higher net margin than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

92nd percentile

$230,662

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

73rd percentile

13%

Faster asset growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

21st percentile

-9.4%

Faster revenue growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,813,467

Up $437,290 (+13%) from 2016

Net Assets

Down

$2,086,496

Down $17,968 (-0.9%) from 2016

Liabilities

Up

$1,726,971

Up $455,258 (+36%) from 2016

Revenue

Down

$3,752,137

Down $388,146 (-9.4%) from 2016

Expenses

Down

$3,870,551

Down $48,197 (-1.2%) from 2016

Net Income

Down

-$118,414

Down $339,949 (-153%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$2.0M$0-$2.0MAssets 2013: $3,268,587Liabilities 2013: $1,520,817Net Assets 2013: $1,747,7702013Assets 2014: $2,768,566Liabilities 2014: $880,723Net Assets 2014: $1,887,8432014Assets 2015: $3,523,684Liabilities 2015: $1,593,112Net Assets 2015: $1,930,5722015Assets 2016: $3,376,177Liabilities 2016: $1,271,713Net Assets 2016: $2,104,4642016Assets 2017: $3,813,467Liabilities 2017: $1,726,971Net Assets 2017: $2,086,4962017Assets 2018: $3,135,129Liabilities 2018: $1,920,117Net Assets 2018: $1,215,0122018Assets 2019: $2,104,465Liabilities 2019: $1,021,584Net Assets 2019: $1,082,8812019Assets 2020: $1,962,437Liabilities 2020: $1,833,263Net Assets 2020: $129,1742020Assets 2021: $2,485,061Liabilities 2021: $1,654,213Net Assets 2021: $830,8482021Assets 2022: $1,485,537Liabilities 2022: $1,323,080Net Assets 2022: $162,4572022Assets 2023: $627,915Liabilities 2023: $1,037,120Net Assets 2023: -$409,2052023Assets 2024: $92,464Liabilities 2024: $1,550,482Net Assets 2024: -$1,458,0182024

Highlighted filing

2017

Assets$3,813,467
Liabilities$1,726,971
Net Assets$2,086,496

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $3,617,201Expenses 2013: $3,552,855Net Income 2013: $64,3462013Revenue 2014: $3,856,167Expenses 2014: $3,716,094Net Income 2014: $140,0732014Revenue 2015: $4,013,922Expenses 2015: $3,971,193Net Income 2015: $42,7292015Revenue 2016: $4,140,283Expenses 2016: $3,918,748Net Income 2016: $221,5352016Revenue 2017: $3,752,137Expenses 2017: $3,870,551Net Income 2017: -$118,4142017Revenue 2018: $3,443,025Expenses 2018: $4,283,100Net Income 2018: -$840,0752018Revenue 2019: $3,226,361Expenses 2019: $3,398,800Net Income 2019: -$172,4392019Revenue 2020: $1,010,040Expenses 2020: $1,925,765Net Income 2020: -$915,7252020Revenue 2021: $2,113,010Expenses 2021: $1,573,185Net Income 2021: $539,8252021Revenue 2022: $2,339,018Expenses 2022: $2,781,262Net Income 2022: -$442,2442022Revenue 2023: $1,512,064Expenses 2023: $2,150,974Net Income 2023: -$638,9102023Revenue 2024: $1,204,075Expenses 2024: $2,252,888Net Income 2024: -$1,048,8132024

Highlighted filing

2017

Revenue$3,752,137
Expenses$3,870,551
Net Income-$118,414
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 27, 2017
Return Version
2016v3.0
Gross Receipts
$3,969,842
Mission and Program Overview

Mission

The iasa community accelerates professional growth to shape, influence, elevate and strengthen the insurance industry. See iasa website for updated vision and what we do.https://www.iasa.org/about-us/

The mission of iasa is to initiate and facilitate the exchange of educational information and ideas among insurance related professionals to enhance the effectiveness of these individuals, their employers, and the financial services industry as a whole.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,008,927$2,286,424▲ $277,497
Cash and Non-Interest-Bearing Accounts$1,099,416$1,382,641▲ $283,225
Prepaid Expenses and Deferred Charges$32,802$77,886▲ $45,084
Land, Buildings, and Equipment, Net$60,835$47,608▼ $13,227
Accounts Receivable$40,554$0▼ $40,554
Inventories for Sale or Use$11,764$14,263▲ $2,499
Savings and Temporary Cash Investments$121,529$4,645▼ $116,884
Total Assets$3,376,177$3,813,467▲ $437,290
Other Assets Total$350$0▼ $350
Liabilities
Accounts Payable and Accrued Expenses$834,738$1,353,028▲ $518,290
Deferred Revenue$436,975$373,943▼ $63,032
Total Liabilities$1,271,713$1,726,971▲ $455,258
Net Assets / Fund Balance
Unrestricted Net Assets$2,104,464$2,086,496▼ $17,968
Total Net Assets Fund Balance$2,104,464$2,086,496▼ $17,968
Total Liabilities and Net Assets / Fund Balance$3,376,177$3,813,467▲ $437,290

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,361$163,511$188,872
Other Land Buildings$0$161,334$161,334
Leasehold Improvements$22,247$91,403$113,650
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joe PomiliaExecutive DirectorFT$176,747$53,915$230,662
Eugene Charles GunkelVP of Business DevelopmentFT$139,231$43,678$182,909
Margaret MckeonVP of ConferenceFT$108,758$59,448$168,206

Board Members and Trustees

NameTitle
Tim MorganChair
Rod TraversPresident
Celeska FredianelliPresident Elect
Beech TurnerCFO
Carlos CorreaCIO
Anil ChackoMember-at-large
Annette DevineMember-at-large
DARBY O'NEILLMember-at-large
Margaret HornMember-at-large
Miguel EdwardsMember-at-large
Ray HazelMember-at-large
Tom EwbankMember-at-large

Highest Paid Contractors

ContractorServicesLocationCompensation
The Rk GroupEvent HotelPO BOX 1361, San Antonio, TX 78295$402,908
FreemanEvent AvPO BOX 650519, Dallas, TX 75265$342,161
Big SpeakEvent Speakers23 SOUTH HOPE AVENUE, Santa Barbara, CA 93105$199,125
Washington Speakers BureauEvent Speakers1663 PRINCE ST, Alexandria, VA 22314$122,929
The Westin ResortEvent Hotel2 GRASSLAWN AVE, Hilton Head Island, SC 29928$113,043
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,585,608
Investment Income
$79,446
Other Revenue
$87,083
Change in Net Assets
$-118,414

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,752,137
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$151,986
Total Revenue per Audited Statements
$3,904,123
Total Revenue per Form 990
$3,752,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,718,934
Salaries, Compensation, and Employee Benefits$1,132,067
Grants and Similar Amounts Paid$19,550
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$1,513,444$194,679-$1,708,123
Current Officers, Directors, Trustees, and Key Employees-$644,391-$644,391
Other Salaries and Wages-$326,784-$326,784
Fees for Services Other$49,450$153,221-$202,671
Occupancy$3,750$89,403-$93,153
Travel$15,577$74,357-$89,934
Other Employee Benefits-$86,484-$86,484
All Other Expenses$41,573$29,815-$71,388
Other Expenses$29,455$30,844-$60,299
Payroll Taxes-$54,580-$54,580
Advertising$7,767$31,804-$39,571
Office Expenses$1,930$37,424-$39,354
Insurance$14,190$15,235-$29,425
Depreciation Depletion-$28,040-$28,040
Information Technology$11,250$15,157-$26,407
Pension Plan Contributions-$19,828-$19,828
Grants to Domestic Individuals$19,550--$19,550
Total Functional Expenses$1,910,079$1,960,472$0$3,870,551

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,922,091
Expenses per Audited Statements$3,870,551
Total Expenses per Form 990$3,870,551
Expenses Not Reported on Form 990$51,540
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the executive director, who reports to the board of directors on the 990 filing.

Form 990, Part VI, Section B, Line 12C

Each officer must review and sign the conflict of interest form and disclose any conflicts that might exist. All conflict of interest forms, once signed, are reviewed by the secretary.

Form 990, Part VI, Section B, Line 15

The compensation committee, which is a subset of members of the board of directors, recommends all compensation for top executives using independent salary studies as a guide. The committee also assists in creating pay ranges for other staff members.

Form 990, Part VI, Section C, Line 19

Iasa's bylaws and board policies are published on the iasa website. Annual financial statements, once audited, are distributed to our members and posted on the website as well. The conflict of interest policy and forms are maintained at our home office.

Filing and Contact Details

Filer

Filer Name
Insurance Accounting and Systems
EIN
56-1526114
Phone
9194890991
Address
PO BOX 51340, DURHAM, NC 27717

Signing Officer

Name
Joseph Pomilia
Title
Executive Director
Phone
9194890991
Signed
2017-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Pomilia
Formed
1994
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
12
Employees
9
Volunteers
180

Preparer

Firm
Blackman & Sloop Cpas Pa
Address
1414 RALEIGH RD SUITE 300, CHAPEL HILL, NC 27517
Preparer
Andrea Woodell Eason
Phone
9199428700
Supplemental Narrative

Additional Explanations

FORM 990, PAGE 1, LINE H(A):

This tax return is the return of the central organization of the insurance accounting and systems association, inc. As required under the provisions of internal revenue code regulation section 1.6033.2(d)(5)(i). Local chapters of the organization file a group return under fein 51-0220978 if the local chapters' revenues meet the threshold requirement for filing a 990.

Raw XML AppendixShowing 400 of 946 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE MISSION OF IASA IS TO INITIATE AND FACILITATE THE EXCHANGE OF EDUCATIONAL INFORMATION AND IDEAS AMONG INSURANCE RELATED PROFESSIONALS TO ENHANCE THE EFFECTIVENESS OF THESE INDIVIDUALS, THEIR EMPLOYERS, AND THE FINANCIAL SERVICES INDUSTRY AS A WHOLE.
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