2024-02-13T17:28:00-06:00 2023-06-30 200472826 BGM CPA LLC 7900 INTERNATIONAL DR STE 800 BLOOMINGTON MN 554251581 990 2022-07-01 030477063 PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC PROF 8666947070 8646 EAGLE CREEK CIRCLE STE 202 SAVAGE MN 55378 GREGORY E SATHER EXECUTIVE VP 8664947070 2024-02-06 1 GREGORY SATHER 999009999 0 JEROME REUTZEL P00187534 9528442500 2024-02-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREGORY E SATHER 8646 EAGLE CREEK CIRCLE STE 202 SAVAGE MN 55378 509506 0 X WWW.PIAMN.COM X 1994 MN THE MISSION OF THE PROFESSIONAL INSURANCE AGENTS OF MINNESOTA SHALL BE TO PROVIDE AN INFORMATION AND EDUCATIONAL NETWORK, PRODUCT SUPPORT AND ADVOCACY FOR MINNESOTA'S PROFESSIONAL INDEPENDENT AGENTS. 6 5 4 0 330984 172063 92539 86852 310622 333258 1512 7457 78517 81939 483190 509506 0 0 0 0 223982 209905 0 0 0 243926 212489 467908 422394 15282 87112 1535919 1623031 0 0 1535919 1623031 THE MISSION OF THE PROFESSIONAL INSURANCE AGENTS OF MINNESOTA SHALL BE TO PROVIDE AN INFORMATION AND EDUCATIONAL NETWORK, PRODUCT SUPPORT AND ADVOCACY FOR MINNESOTA'S PROFESSIONAL INDEPENDENT AGENTS 0 0 57450 71758 PROVIDE EDUCATIONAL CONFERENCES AND SEMINARS TO MEMBER AND NON-MEMBER INSURANCE AGENTS WITH RESPECT TO EMERGING ISSUES IN THE INSURANCE INDUSTRY. APPROXIMATELY 300 AGENTS SERVED. 10771 PROVIDE A WEEKLY NEWSLETTER TO ITS MEMBERS WHICH PROVIDES EDUCATIONAL INFORMATION AND CURRENT DEVELOPMENTS WITHIN THE INSURANCE INDUSTRY. APPROXIMATELY 800 SUBSCRIBERS SERVED. 339138 PROMOTE PROFESSIONALISM THROUGHOUT THE INSURANCE INDUSTRY. PROVIDE EDUCATION ADVOCACY AND AGENCY SOLUTIONS TO MINNESOTA'S INDEPENDENT INSURANCE AGENTS. 407359 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 4 0 1 1 0 0 0 0 0 0 0 X 6 5 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GREGORY SATHER 8666947070 8646 EAGLE CREEK CIRCLE SUITE 202 SAVAGE MN 55378 ALLAN KARKI DIRECTOR 0.25 X 0 0 0 DENNIS OVERLAND NATIONAL DIRECTOR 0.25 X 0 0 0 KIM EGGERS SECRETARY 0.25 X 0 0 0 JASON ZATTLER PRESIDENT 0.25 X 0 0 0 CHRISTINE STANG DIRECTOR 0.25 X 0 0 0 GREGORY SATHER EXECUTIVE VP 50.00 X X 116196 0 0 116196 0 0 1 0 0 0 0 86852 86852 E&O INCOME 524298 249202 249202 CONVENTION INCOME 524298 71758 71758 EDUCATION FEES 524298 12298 12298 333258 7457 7457 81782 81782 MISCELLANEOUS 524298 157 157 157 509506 84056 330984 7614 116196 116196 72888 72888 6097 6097 14724 14724 4394 4394 4489 4489 2267 2267 10641 10641 13826 13826 51174 51174 5825 5825 12475 12475 UBI TAXES 35035 35035 NATIONAL DUES EXPENSE 31726 31726 DIRECTOR FEES 6796 6796 EDUCATION EXPENSE 6524 6524 27317 27317 422394 407359 15035 0 230173 316944 1133870 1140035 245401 79349 171876 166052 1535919 1623031 0 0 X 0 0 0 0 1535919 1623031 1535919 1623031 1535919 1623031 87112 0 X 0 0 0 1 0 0 PART I-A, LINE 1: THE ORGANIZATION PARTICIPATES IN GRASSROOTS ACTIVITIES TO INFORM MEMBERS OF ONGOING LEGISLATION. 229024 63021 166003 16377 16328 49 166052 FORM 990, PART VI, SECTION A, LINE 2 TWO BOARD MEMBERS WORK AT THE SAME INSURANCE AGENCY, WITH ONE BEING AN EMPLOYEE OF THE OTHER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO CAN PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS HAVE THE RIGHT TO VOTE AND ELECT MEMBERS TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S GOVERNING BODY IS PROVIDED A COPY OF THE FORM 990 PRIOR TO IT BEING FILED. THE BOARD OF DIRECTORS REVIEWS THE FORM 990 WITH DISCUSSION OF THE FINANCIAL AND EXPLANATORY SECTIONS OF THE FORM. THE BOARD WILL PROVIDE THE ORGANIZATION'S EXECUTIVE VP WITH ANY QUESTIONS, ADDITIONS OR RECOMMENDED CHANGES. THE EXECUTIVE VP WILL CONTACT THE PREPARER OF THE FORM 990 TO DISCUSS THESE ISSUES. IF CHANGES ARE MADE, A REVISED COPY IS PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL PRIOR TO FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY HAVING ITS BOARD OF DIRECTORS AND KEY EMPLOYEES COMPLETE ANNUAL DISCLOSURES THAT INDICATE ANY POSSIBLE CHANGES THAT COULD GIVE RISE TO CONFLICTS. NEW BOARD MEMBERS MUST COMPLETE THESE DISCLOSURES UPON TAKING THEIR POSITION ON THE BOARD AND THEN ANNUALLY THEREAFTER. IN ADDITION, THE EXECUTIVE VP REVIEWS ANY NEW RELATIONSHIPS TO DETERMINE IF ANY POTENTIAL CONFLICTS OF INTEREST MAY EXIST AND THESE RELATIONSHIPS ARE ALSO REVIEWED BY THE BOARD OF DIRECTORS AT ITS PERIODIC MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S GOVERNING BODY IS RESPONSIBLE FOR THE REVIEW AND APPROVAL OF THE COMPENSATION OF THE EXECUTIVE VP AND KEY EMPLOYEES. THE BOARD ANALYZES PAST COMPENSATION HISTORY, COMPARABLE INDUSTRY STANDARDS, PERFORMANCE OF DUTIES AND ACHIEVEMENT OF GOALS WHEN DETERMINING THIS COMPENSATION. THE DISCUSSION AND FINAL DECISION IS SUBSTANTIATED IN THE MINUTES OF THE BOARD OF DIRECTORS MEETING AT THE TIME THIS REVEIW IS COMPLETED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. THE ORGANIZATION WILL PROVIDE COPIES OF THESE DOCUMENTS FREE OF CHARGE TO ANY INDIVIDUAL REQUESTING THIS INFORMATION. THE REQUEST CAN BE MADE BY TELEPHONE, OR E-MAIL THROUGH THE ORGANIZATION'S WEBSITE.