Civic Intelligence

Wholesale and Specialty Insurance Association

990 • Fiscal year 2016 • EIN 86-0140772

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 01, 2017

Organization ProfileWWW.AAMGA.ORG

View Organization Page

610 Freedom Business Center No 110King Of Prussia, PA 19406

(610) 992-0022

Siviq Scores

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

Liabilities / Assets

60th percentile

0.26x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

59th percentile

0.25x

Higher debt load relative to revenue than 59% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

70th percentile

8.5%

Higher net margin than 70% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

88th percentile

25%

Faster asset growth than 88% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

35th percentile

-1.0%

Faster revenue growth than 35% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$2,936,049

Up $592,860 (+25%) from 2015

Net Assets

Up

$2,184,938

Up $183,053 (+9.1%) from 2015

Liabilities

Up

$751,111

Up $409,807 (+120%) from 2015

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin70th percentile

Revenue

Down

$2,993,406

Down $29,279 (-1.0%) from 2015

Expenses

Up

$2,739,072

Up $104,644 (+4.0%) from 2015

Net Income

Down

$254,334

Down $133,923 (-34%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$30M$20M$10M$0Assets 2010: $1,981,517Liabilities 2010: $455,490Net Assets 2010: $1,526,0272010Assets 2011: $1,980,583Liabilities 2011: $598,746Net Assets 2011: $1,381,8372011Assets 2012: $2,082,088Liabilities 2012: $408,216Net Assets 2012: $1,673,8722012Assets 2013: $2,132,826Liabilities 2013: $387,509Net Assets 2013: $1,745,3172013Assets 2014: $2,206,315Liabilities 2014: $537,500Net Assets 2014: $1,668,8152014Assets 2015: $2,343,189Liabilities 2015: $341,304Net Assets 2015: $2,001,8852015Assets 2016: $2,936,049Liabilities 2016: $751,111Net Assets 2016: $2,184,9382016Assets 2017: $3,142,355Liabilities 2017: $535,070Net Assets 2017: $2,607,2852017Assets 2018: $13,928,188Liabilities 2018: $3,115,861Net Assets 2018: $10,812,3272018Assets 2019: $15,661,464Liabilities 2019: $3,254,010Net Assets 2019: $12,407,4542019Assets 2020: $15,277,085Liabilities 2020: $1,895,578Net Assets 2020: $13,381,5072020Assets 2021: $18,822,965Liabilities 2021: $3,573,155Net Assets 2021: $15,249,8102021Assets 2022: $18,434,483Liabilities 2022: $4,010,656Net Assets 2022: $14,423,8272022Assets 2023: $20,365,176Liabilities 2023: $3,449,730Net Assets 2023: $16,915,4462023Assets 2024: $23,573,607Liabilities 2024: $3,916,388Net Assets 2024: $19,657,2192024

Highlighted filing

2016

Assets$2,936,049
Liabilities$751,111
Net Assets$2,184,938
Open 2016 Filing

Operations Trend

Revenue Growth35th percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,137,2972010Expenses 2011: $2,265,0912011Expenses 2012: $2,094,8332012Revenue 2013: $2,532,147Expenses 2013: $2,408,230Net Income 2013: $123,9172013Revenue 2014: $2,262,753Expenses 2014: $2,336,378Net Income 2014: -$73,6252014Revenue 2015: $3,022,685Expenses 2015: $2,634,428Net Income 2015: $388,2572015Revenue 2016: $2,993,406Expenses 2016: $2,739,072Net Income 2016: $254,3342016Revenue 2017: $2,952,364Expenses 2017: $2,656,141Net Income 2017: $296,2232017Revenue 2018: $9,464,725Expenses 2018: $8,247,457Net Income 2018: $1,217,2682018Revenue 2019: $11,044,938Expenses 2019: $9,370,132Net Income 2019: $1,674,8062019Revenue 2020: $6,177,756Expenses 2020: $5,770,909Net Income 2020: $406,8472020Revenue 2021: $8,866,065Expenses 2021: $7,600,252Net Income 2021: $1,265,8132021Revenue 2022: $11,959,516Expenses 2022: $11,091,715Net Income 2022: $867,8012022Revenue 2023: $13,594,086Expenses 2023: $12,265,761Net Income 2023: $1,328,3252023Revenue 2024: $15,798,095Expenses 2024: $13,558,836Net Income 2024: $2,239,2592024

Highlighted filing

2016

Revenue$2,993,406
Expenses$2,739,072
Net Income$254,334
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 1, 2017
Return Version
2015v3.0
Gross Receipts
$3,001,137
Mission and Program Overview

Mission

We are the non-profit insurance trade association dedicated to the growth and sustainability of the global specialty distribution marketplace through networking, education, and advocacy. We are focused on underwriting expertise and integrity.

Dedicated to the growth and sustainability of the global specialty distribution marketplace.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$845,236$1,683,607▲ $838,371
Cash and Non-Interest-Bearing Accounts$964,418$1,034,232▲ $69,814
Savings and Temporary Cash Investments$462,199$190,780▼ $271,419
Land, Buildings, and Equipment, Net$36,550$13,912▼ $22,638
Accounts Receivable-$7,890-
Prepaid Expenses and Deferred Charges$34,786$5,628▼ $29,158
Total Assets$2,343,189$2,936,049▲ $592,860
Liabilities
Accounts Payable and Accrued Expenses$341,304$751,111▲ $409,807
Total Liabilities$341,304$751,111▲ $409,807
Net Assets / Fund Balance
Unrestricted Net Assets$2,001,885$2,184,938▲ $183,053
Total Net Assets Fund Balance$2,001,885$2,184,938▲ $183,053
Total Liabilities and Net Assets / Fund Balance$2,343,189$2,936,049▲ $592,860

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$13,912$192,244$206,156
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Roger WarePresident
Edward Levy CiwPresident-elect
Corinne Jones CpcuSenior Vice President
Edward Dickerson CicSenior Vice President
Kathy SchroederVice President
Mark MaucereVice President
Bryan ClarkDirector
Kathy ColangeloDirector
Bryan SandersAssociate Member
Peter BarrettAssociate Member
Matthew LetsonIMM PAST PRES [NONVOTING]
Bobby OwensSEC/TREAS [NONVOTING]

Highest Paid Contractors

ContractorServicesLocationCompensation
Accolade Management INCManagement Services610 FREEDOM BUSINESS CENTER STE 11, King Of Prussia, PA 19406$830,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,947,016
Investment Income
$46,390
Other Revenue
$0
Change in Net Assets
$254,334

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,985,675
Revenue Not Reported on Financial Statements
$7,731
Revenue Not Reported on Form 990
$-71,281
Total Revenue per Audited Statements
$2,914,394
Total Revenue per Form 990
$2,993,406
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,562,572
Grants and Similar Amounts Paid$176,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$1,269,600
Fees for Services Management---$830,000
Office Expenses---$186,692
Grants to Domestic Orgs---$176,500
Advertising---$72,615
Travel---$57,270
Fees for Services Other---$44,571
Other Expenses---$31,566
Information Technology---$28,461
Depreciation Depletion---$22,638
Insurance---$11,428
Fees for Service Investment Mgmnt Fees---$7,731
Total Functional Expenses$0$0$0$2,739,072

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,739,072
Expenses per Audited Statements$2,731,341
Total Expenses per Audited Statements$2,731,341
Expenses Not Reported on Financial Statements$7,731
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Aamga Education FoundationKing of Prussia, PA501(c)(3)Educational Grant$145,000
Independent Insurance Agents & Brokers of AmericaFarmington, CT501(c)(6)Conference Sponsorship$25,000
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Delegation of management to management company the organization receives various management services including those related to general administration, membership, financial services, meetings, publications and other programs from accolade management services, llc.”

Form 990, Part VI, Section A, Line 6

“Organization with members aamga has one class of voting members.”

Form 990, Part VI, Section A, Line 7A

“Election of members of governing body each voting member has the right to participate in aamga's governance and is able to vote and serve on the board of directors.”

Form 990, Part VI, Section B, Line 11

“Governing body review of form 990 a pdf copy of the form 990, as filed, is emailed to each board member prior to its filing.”

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

“Monitoring and enforcement of the conflict of interest policy the board of directors reviews the summary of individual disclosures and notes any areas of potential conflict of interest associated with the conduct of aamga's business.”

Form 990, Part VI, Section C, Line 19

“Public availability of other documents copies of aamga's governing documents, financial statements and form 990 are provided upon request.”

Filing and Contact Details

Filer

Filer Name
American Association of Managing General
EIN
86-0140772
Phone
6109920022
Address
610 FREEDOM BUSINESS CENTER NO 110, KING OF PRUSSIA, PA 19406

Signing Officer

Name
Bobby Owens
Title
Treasurer
Phone
6109920022
Signed
2017-03-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bobby Owens
Formed
1926
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
88

Preparer

Firm
Bbd Llp
Address
1835 MARKET STREET 26TH FLOOR, PHILADELPHIA, PA 19103
Preparer
Jennifer Solot
Phone
2155677770
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Uncertain tax positions under asc 740 gaap requires entities to evaluate, measure, recognize and dislose any uncertain income tax positions taken on their tax returns. Gaap prescribes a minimum recognition threshold that a tax position is required to meet in order to be recognized in the financial statements. Aamga believes that it had no uncertain tax positions as defined in gaap.”

Raw XML AppendixShowing 400 of 410 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/PersonNm1EDWARD LEVY CIW
IRS990/Form990PartVIISectionAGrp/PersonNm2CORINNE JONES CPCU
IRS990/Form990PartVIISectionAGrp/PersonNm3EDWARD DICKERSON CIC
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK MAUCERE
IRS990/Form990PartVIISectionAGrp/PersonNm5KATHY SCHROEDER
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8ASSOCIATE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9ASSOCIATE MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt11SEC/TREAS [NONVOTING]
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IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WE ARE THE NON-PROFIT INSURANCE TRADE ASSOCIATION DEDICATED TO THE GROWTH AND SUSTAINABILITY OF THE GLOBAL SPECIALTY DISTRIBUTION MARKETPLACE THROUGH NETWORKING, EDUCATION, AND ADVOCACY. WE ARE FOCUSED ON UNDERWRITING EXPERTISE AND INTEGRITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02001885
IRS990/NetAssetsOrFundBalancesEOYAmt02184938
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt029452
IRS990/NetUnrlzdGainsLossesInvstAmt0-71281
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt0186692
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt031566
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt034786
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05628
IRS990/PrincipalOfficerNm0BOBBY OWENS
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL MEETING
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER MEETINGS
IRS990/ProgramServiceRevenueGrp/Desc3OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0162650
IRS990/ProgramServiceRevenueGrp/ExclusionAmt159530
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01254753
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11178756
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2250350
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt310525
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01417403
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11178756
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2309880
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt340977
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt030452
IRS990/ProgSrvcAccomActy2Grp/Desc0MEETINGS AND SEMINARS - THE AAMGA CONDUCTS THE FOLLOWING MEETINGS AND SEMINARS DURING THE COURSE OF EACH YEAR: (A) JANUARY BOARD OF DIRECTORS MEETING; (B) ANNUAL INSURANCE AUTOMATION AND TECHNOLOGY MANAGEMENT CONFERENCE (MARCH) AT WHICH I/T, CIO AND OTHER TECHNOLOGY PROFESSIONALS FROM MEMBER COMPANIES - AS WELL AS MEMBERS OF THE NATIONAL ASSOCIATION OF PROFESSIONAL SURPLUS LINES ORGANIZATIONS (NAPSLO) ARE IN ATTENDANCE. VENDORS OF AUTOMATION/TECHNOLOGY GOODS AND SERVICES RELATED TO THE WHOLESALE INSURANCE MARKETPLACE PARTICIPATE IN THE ANNUAL TRADE SHOW. SEMINARS, EDUCATIONAL PROGRAMS, ROUNDTABLE DISCUSSIONS AND PANEL FORUMS ARE CONDUCTED; (C) ANNUAL MEETING (MAY) SEE ABOVE; (D) COMMITTEE DAY (JUNE): ANNUAL MEETING OF ALL STANDING AAMGA COMMITTEE CO-CHAIRS, BOARD LIAISONS, AND COMMITTEE MEMBERS TO ESTABLISH GOALS, [SEE SCHED O] OBJECTIVES AND THE ANNUAL BUDGET. THE EVENT IS PRECEDED BY A MEETING OF THE BOARD OF DIRECTORS, AS WELL AS FOLLOWED BY A SECOND MEETING OF THE BOARD TO REVIEW AND APPROVE THE COMMITTEE BUDGET REQUESTS AND APPROVE THE ASSOCIATION'S BUDGET FOR THE COMING FISCAL YEAR; (E) UNDER FORTY ORGANIZATION ANNUAL MEETING (SEPTEMBER) BRINGS THE YOUNG LEADERS OF THE ORGANIZATION TOGETHER, WHO ARE EMPLOYED BY THE CORPORATE MEMBERS. PURSUANT TO THEIR BYLAWS, ELECTIONS ARE HELD, EDUCATIONAL SESSIONS ARE PROVIDED, AND NETWORKING AMONG THE MEMBERS FROM THE US AND UK/GERMANY IS CONDUCTED ALONG WITH TEAM BUILDING EXERCISES; (F) THE ASSOCIATION SPONSORS THE SEMI-ANNUAL MEETING OF THE SURPLUS LINES LAW GROUP EVERY OTHER YEAR. THE MEETING BRINGS TOGETHER THE GENERAL COUNSEL, REGULATORS AND LEGISLATORS OF SURPLUS LINES INSURANCE COMPANIES, AGENTS AND BROKERS, AS WELL AS THE STATE STAMPING AND SURPLUS LINES OFFICES, AND REPRESENTATIVES FROM INSURANCE TRADE ASSOCIATIONS WHO ENGAGE IN THE WHOLESALE INSURANCE DISTRIBUTION MARKET.
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNICATIONS - THE AAMGA COMMUNICATES WITH ITS MEMBERS REGULARLY IN VARIOUS FORMATS - BLAST E-MAILS, PERSONAL CORRESPONDENCE, QUARTERLY NEWSLETTERS AND THE ANNUAL REPORT. MEMBERS ARE KEPT APPRISED ON THE PROGRESS OF THE ASSOCIATION'S EFFORTS, LEGISLATIVE, REGULATORY AND COURT OPINION UPDATES, MEETING AND OTHER ANNOUNCEMENTS, WHOLESALE INSURANCE INDUSTRY DEVELOPMENTS AND RELATED INFORMATION. THE ASSOCIATION ALSO UTILIZES SOCIAL MEDIA FOR TRANSMISSION OF INFORMATION TO MEMBERS VIA LINKEDIN, FACEBOOK AND TWITTER.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0GOVERNMENTAL AFFAIRS - DUE TO ITS 501(C)(6) TAX-EXEMPT STATUS, THE AAMGA DOES NOT UNDERTAKE ANY LOBBYING ACTIVITIES OR INCUR ANY SUCH EXPENSES. THE ASSOCIATION DOES, HOWEVER, FROM TIME TO TIME, OPERATE WITHIN ITS PERMITTED CHARTER IN ADVOCATING ISSUES AND EDUCATING MEMBERS, REGULATORS AND LEGISLATORS IN RESPECT TO THOSE ISSUES DIRECTLY IMPACTING MEMBERS AND THE WHOLESALE INSURANCE DISTRIBUTION INDUSTRY GENERALLY.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt045000
IRS990/PYInvestmentIncomeAmt041392
IRS990/PYOtherExpensesAmt02589428
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02981293
IRS990/PYRevenuesLessExpensesAmt0388257
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02634428
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03022685
IRS990/ReconcilationRevenueExpnssAmt0254334
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0462199
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0190780
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt07731
IRS990ScheduleD/ExpensesSubtotalAmt02731341
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt07731
IRS990ScheduleD/InvestmentExpensesNotIncldAmt07731
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-71281
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt013912
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0192244
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0206156
IRS990ScheduleD/RevenueNotReportedAmt0-71281
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt07731
IRS990ScheduleD/RevenueSubtotalAmt02985675
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNCERTAIN TAX POSITIONS UNDER ASC 740 GAAP REQUIRES ENTITIES TO EVALUATE, MEASURE, RECOGNIZE AND DISLOSE ANY UNCERTAIN INCOME TAX POSITIONS TAKEN ON THEIR TAX RETURNS. GAAP PRESCRIBES A MINIMUM RECOGNITION THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. AAMGA BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN GAAP.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013912
IRS990ScheduleD/TotalExpensesPerForm990Amt02739072
IRS990ScheduleD/TotalRevenuePerForm990Amt02993406
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02914394
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02731341
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/CashGrantAmt1145000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(6)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CONFERENCE SPONSORSHIP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1EDUCATIONAL GRANT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0INDEPENDENT INSURANCE AGENTS & BROKERS OF AMERICA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1AAMGA EDUCATION FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0264355352
IRS990ScheduleI/RecipientTable/RecipientEIN1431583387
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 746
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1610 FREEDOM BUSINESS CENTER SUITE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0110
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FARMINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1KING OF PRUSSIA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd006034
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd119406
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONTINUALLY MONITORS PROJECTS AND PROGRAMS THAT BENEFIT FROM GRANTED FUNDS. THIS PROCESS ENSURES THE FUNDS ARE USED AND STRONGLY ALIGNED WITH THE STRATEGY AND MISSION OF THE ORGANIZATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DELEGATION OF MANAGEMENT TO MANAGEMENT COMPANY THE ORGANIZATION RECEIVES VARIOUS MANAGEMENT SERVICES INCLUDING THOSE RELATED TO GENERAL ADMINISTRATION, MEMBERSHIP, FINANCIAL SERVICES, MEETINGS, PUBLICATIONS AND OTHER PROGRAMS FROM ACCOLADE MANAGEMENT SERVICES, LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION WITH MEMBERS AAMGA HAS ONE CLASS OF VOTING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ELECTION OF MEMBERS OF GOVERNING BODY EACH VOTING MEMBER HAS THE RIGHT TO PARTICIPATE IN AAMGA'S GOVERNANCE AND IS ABLE TO VOTE AND SERVE ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING BODY REVIEW OF FORM 990 A PDF COPY OF THE FORM 990, AS FILED, IS EMAILED TO EACH BOARD MEMBER PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MONITORING AND ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY THE BOARD OF DIRECTORS REVIEWS THE SUMMARY OF INDIVIDUAL DISCLOSURES AND NOTES ANY AREAS OF POTENTIAL CONFLICT OF INTEREST ASSOCIATED WITH THE CONDUCT OF AAMGA'S BUSINESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PUBLIC AVAILABILITY OF OTHER DOCUMENTS COPIES OF AAMGA'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND FORM 990 ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02343189
IRS990/TotalAssetsEOYAmt02936049
IRS990/TotalAssetsGrp/BOYAmt02343189
IRS990/TotalAssetsGrp/EOYAmt02936049
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02739072
IRS990/TotalGrossUBIAmt030452
IRS990/TotalLiabilitiesBOYAmt0341304
IRS990/TotalLiabilitiesEOYAmt0751111
IRS990/TotalLiabilitiesGrp/BOYAmt0341304
IRS990/TotalLiabilitiesGrp/EOYAmt0751111
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02001885
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02184938
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt02947016
IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02694384
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02993406
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt030452
IRS990/TotalVolunteersCnt088
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02343189
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02936049
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt057270
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02001885
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02184938
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0610 FREEDOM BUSINESS CENTER NO 110
IRS990/USAddress/CityNm0KING OF PRUSSIA
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019406
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.AAMGA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BOBBY OWENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06109920022
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMERICAN ASSOCIATION OF MANAGING GENERAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0AGENTS
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0860140772
ReturnHeader/Filer/PhoneNum06109920022
ReturnHeader/Filer/USAddress/AddressLine1Txt0610 FREEDOM BUSINESS CENTER NO 110
ReturnHeader/Filer/USAddress/CityNm0KING OF PRUSSIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019406
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232896692
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BBD LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01835 MARKET STREET 26TH FLOOR

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,936,049
Liabilities
$751,111
Net assets
$2,184,938
Revenue
$2,993,406
Expenses
$2,739,072
Net income
$254,334
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.6$3.92$19.7$15.8$13.6$2.24
2023Detailed filing. Detailed filing data is available for this year.$20.4$3.45$16.9$13.6$12.3$1.33
2022Detailed filing. Detailed filing data is available for this year.$18.4$4.01$14.4$12.0$11.1$0.87
2021Detailed filing. Detailed filing data is available for this year.$18.8$3.57$15.2$8.87$7.60$1.27
2020Detailed filing. Detailed filing data is available for this year.$15.3$1.90$13.4$6.18$5.77$0.41
2019Detailed filing. Detailed filing data is available for this year.$15.7$3.25$12.4$11.0$9.37$1.67
2018Detailed filing. Detailed filing data is available for this year.$13.9$3.12$10.8$9.46$8.25$1.22
2017Detailed filing. Detailed filing data is available for this year.$3.14$0.54$2.61$2.95$2.66$0.30
2016Detailed filing. Detailed filing data is available for this year.$2.94$0.75$2.18$2.99$2.74$0.25
2015Detailed filing. Detailed filing data is available for this year.$2.34$0.34$2.00$3.02$2.63$0.39
2014Detailed filing. Detailed filing data is available for this year.$2.21$0.54$1.67$2.26$2.34$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.39$1.75$2.53$2.41$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.41$1.67$2.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.60$1.38$2.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.46$1.53$2.14
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)6 • $1M-$5M nonprofits