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Filing year 2023

INDEPENDENT INSURANCE AGENTS OF NORTH CAROLINA INC

Cary, North Carolina·EIN 56-0340370·501(c)(6)
Total revenue
$4.9M
Total assets
$13.7M
Total expenses
$4M
Reported officers
22
Mission

THE MISSION OF INDEPENDENT INSURANCE AGENTS OF NORTH CAROLINA ("ASSOCIATION") IS TO ADVOCATE FOR THE INDEPENDENT AGENCY SYSTEM AND TO FULFILL THE BUSINESS AND PROFESSIONAL NEEDS OF ITS MEMBERS.

Executive compensation

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2023

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

Chief Executive Officer
25th percentile to median
$54k
$58k
Chief Operating Officer
10th to 25th percentile
$34k
$37k
Vice President, Government
Board Vice President
25th percentile to median
$29k
$32k
Chief Financial Officer
25th percentile to median
$26k
$29k
Vice President of Agency Operations
Board Vice President
25th percentile to median
$23k
$25k
Director of Agency Development
Below 10th percentile
$22k
$24k
Managing Director, 101 Weston Labs
Highest Compensated Employee
Below 10th percentile
$16k
$18k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 15 unpaid individuals.

Up 5%
from 2022

From $51k in 2022 to $54k in 2023.

$51k
2022
$54k
2023
In today's dollarsEst.
Roughly flat in real terms$58k to $58k

Estimated with BLS CPI-U for the South region, 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 rose 5% from 2022 to 2023, while revenue rose 5%.

$51k in 2022 to $54k in 2023.
  • Chief Operating Officer pay rose 3% from 2022 to 2023.
  • Board Vice President pay held roughly steady 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 OF NORTH CAROLINA INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$4.7M
$4.1M
2022
$4.9M
$4M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about INDEPENDENT INSURANCE AGENTS OF NORTH CAROLINA INC

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

In 2023, the Chief Executive Officer of INDEPENDENT INSURANCE AGENTS OF NORTH CAROLINA INC received $53,567 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at INDEPENDENT INSURANCE AGENTS OF NORTH CAROLINA 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 NORTH CAROLINA INC falls between the 25th percentile and the median.

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

In 2023, INDEPENDENT INSURANCE AGENTS OF NORTH CAROLINA INC reported $4.9M in total revenue and $4M in total expenses on its IRS Form 990.

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