Independent Agents Association Executives Inc

“New england association services is the management company for the association.”

“Nominations come from a nominating committee led by the immediate past president plus the two prior presidents and presented at the annual meeting. Board is elected each year at annual conference by a majority of the membership present.”

“The management company provides regular financial reports to leadership. The management company reviews the tax form and instructs the third party accountant to file the return. The complete form 990 and all schedules will be shared with all board members.”

“Answered no - but there is no compensation for anyone in the association.”

“Governing documents, policies, and/or financial statements are available upon request of the board members or the management company.”

“The organization did not, during the year, receive any funds, directly, or indirectly, to pay premiums on a personal benefit contract. The organization, did not, during the year, pay any premiums, directly, or indirectly, on a personal benefit contract.”

“New elgland association services provides the executive director responsibilities for iaae.”

“Investment income interest 6,594”

“Other revenue - royalties 10,462”

“Other expenses management 39,045 office 692 information tech 770 conferences/convention/meeting program expense 149,412 insurance 1,566 merchant fees 36 bank fees 1141 meeting expense 4101 group gtm/gtw 13,477 board initiative 8,500.”

“Total assets bank/cash - 315,600 a/r 7,470, prepaid expenses 13,033. Total liabilities a/p 325 unearned revenue 18,000”

“Additional information about the organization membership is automatic for every state agents association dues are voluntary there is a website to facilitate registration for the annual conference and remittance of annual dues bigiexecs.com iaae maintains a groupsite to facilitate discussions, idea exchanges, and as a repository of various documents useful for managing state associations iiae.groupsite.com this site is managed by neas.”

“In 2024, the financials were maintained by the finance director of the management company, who is an independent of the association. The associaton. The financials were not audited by an independent accountant.”

“While the board does not currently have a committee or policy the assumes responsibility for oversight the audit, review, or compilation of its financial statements and selection of an independent accountant. The board makes that decision. Additionally the board is moving forward with new england association services, a managament company, who will provide regular financial reports to leadership.”

“This is not on part xii, this is on schedule b noncharitable organizations, such as 501.c.6 trade associations, may report only the amounts received from each substantial contributor on schedule b. An organization must keep the donors names and addresses in its records and make them available to the irs in the event of an examination.”

“This is not on part xii, this is on schedule c the association does not spend any funds for lobbying”