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Filing year 2023

INDEPENDENT INSURANCE AGENTS AND BROKERS OF AMERICA

Alexandria, Virginia·EIN 13-5665571·501(c)(6)
Total revenue
$12.4M
Total assets
$29.3M
Total expenses
$11.8M
Reported officers
65
Mission

TO PROVIDE MEMBERS WITH A SUSTAINABLE COMPETITIVE ADVANTAGE. TO PROMOTE AND REPRESENT THE COMMON BUSINESS INTERESTS OF INDEPENDENT INSURANCE AGENTS AND BROKERS WITHIN THE INDUSTRY AND BEFORE GOVERNMENT AND THE PUBLIC.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 13 reported individuals · Filing year 2023

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

CEO (until 08/31/2023)
Above 90th percentile
$657k
$720k
Base
$587k
Bonus
Other
$25k
Benefits
$9k
Senior Vp, Govt Affairs
Senior Vice President
75th to 90th percentile
$411k
$450k
Base
$278k
Bonus
$74k
Other
Benefits
$10k
Vp, Political Affairs
Board Vice President
Above 90th percentile
$343k
$376k
Base
$247k
Bonus
$39k
Other
Benefits
$27k
Chief Counsel
Officer (Unspecified)
$240k
$263k
Base
$196k
Bonus
Other
Benefits
$13k
CFO
75th to 90th percentile
$209k
$229k
Base
$158k
Bonus
Other
Benefits
$9k
Vp, Company Relations
Board Vice President
Median to 75th percentile
$206k
$226k
Base
$138k
Bonus
$41k
Other
Benefits
$11k
Dir. of Federal Govt Affairs
Highest Compensated Employee
Median to 75th percentile
$194k
$213k
Base
$179k
Bonus
Other
Benefits
$10k
Executive Director of Tc
Median to 75th percentile
$129k
$141k
Base
$73k
Bonus
$21k
Other
$425
Benefits
$4k
President of Bia
Key Employee
25th percentile to median
$74k
$81k
Base
$15k
Bonus
$8k
Other
Benefits
$986
Professional Liability VP
Board Vice President
25th percentile to median
$56k
$61k
Chair
Board Chair
Median to 75th percentile
$36k
$39k
Former Chair
Board Chair
Median to 75th percentile
$32k
$35k
Vice President - Big I Advantage
Board Vice President
25th percentile to median
$17k
$18k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 52 unpaid individuals.

Down 42%
from 2022

From $1.1M in 2022 to $657k in 2023.

$1.1M
2022
$657k
2023
In today's dollarsEst.
Down 43% in real terms$1.3M to $720k

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 42% from 2022 to 2023, while revenue rose 4%.

$1.1M in 2022 to $657k in 2023.
  • Senior Vice President pay fell 45% from 2022 to 2023.
  • Board Vice President pay rose 34% from 2022 to 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 AND BROKERS OF AMERICA reported revenue and expenses across 2 filing years.

RevenueExpenses
$11.9M
$13M
2022
$12.4M
$11.8M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about INDEPENDENT INSURANCE AGENTS AND BROKERS OF AMERICA

What does the Chief Executive Officer of INDEPENDENT INSURANCE AGENTS AND BROKERS OF AMERICA earn?

In 2023, the Chief Executive Officer of INDEPENDENT INSURANCE AGENTS AND BROKERS OF AMERICA received $657,042 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at INDEPENDENT INSURANCE AGENTS AND BROKERS OF AMERICA 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 AND BROKERS OF AMERICA falls in the top 10%.

What are INDEPENDENT INSURANCE AGENTS AND BROKERS OF AMERICA's revenue and expenses?

In 2023, INDEPENDENT INSURANCE AGENTS AND BROKERS OF AMERICA reported $12.4M in total revenue and $11.8M in total expenses on its IRS Form 990.

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