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Filing year 2023

INDEPENDENT INSURANCE AGENTS OF MARYLAND INC

Stevensville, Maryland·EIN 52-0578409·6
Total revenue
$270k
Total assets
$356k
Total expenses
$310k
Reported officers
7
Mission

TO ENSURE THE SUCCESS OF INDEPENDENT INSURANCE PRODUCERS AND AGENCY STAFF THROUGHOUT MARYLAND BY FOCUSING ON PROVIDING ACCESS TO PRODUCTS FOR BOTH THE AGENT AND THEIR CLIENTS, ADVOCACY, TIMELY INDUSTRY INFORMATION AND SUPERIOR EDUCATION PROGRAMS.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
Median to 75th percentile
$114k
$126k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Baltimore-Columbia-Towson, MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 6 unpaid individuals.

Up 11%
from 2022

From $103k in 2022 to $114k in 2023.

$103k
2022
$114k
2023
In today's dollarsEst.
Up 7% in real terms$117k to $126k

Estimated with Baltimore-Columbia-Towson, MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 11% from 2022 to 2023, while revenue rose 13%.

$103k in 2022 to $114k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

INDEPENDENT INSURANCE AGENTS OF MARYLAND INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$238k
$308k
2022
$270k
$310k
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about INDEPENDENT INSURANCE AGENTS OF MARYLAND INC

What does the Chief Executive Officer of INDEPENDENT INSURANCE AGENTS OF MARYLAND INC earn?

In 2023, the Chief Executive Officer of INDEPENDENT INSURANCE AGENTS OF MARYLAND INC received $114,182 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at INDEPENDENT INSURANCE AGENTS OF MARYLAND INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at INDEPENDENT INSURANCE AGENTS OF MARYLAND INC falls between the median and the 75th percentile.

What are INDEPENDENT INSURANCE AGENTS OF MARYLAND INC's revenue and expenses?

In 2023, INDEPENDENT INSURANCE AGENTS OF MARYLAND INC reported $270k in total revenue and $310k in total expenses on its IRS Form 990.

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