Nonprofit · EIN 03-0477063
PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC
Tax-exempt · SAVAGE, MN 55378
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $524,288 | $502,595 | $21,693 | $1,702,007 | $0 | $1,702,007 |
| June 30, 2024 | 990 | $578,079 | $520,796 | $57,283 | $1,680,314 | $0 | $1,680,314 |
| June 30, 2023 | 990 | $509,506 | $422,394 | $87,112 | $1,623,031 | $0 | $1,623,031 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $83,169
- Membership dues
- $83,169
- Program service revenue
- $332,623
- Investment income
- $21,293
- Royalties
- $86,844
- Other revenue
- $87,203
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $145,465
- Other salaries and wages
- $82,858
- Salaries, compensation and benefits (total)
- $251,805
- Professional fundraising fees
- $0
- Accounting fees
- $4,962
- Travel
- $10,672
- Depreciation
- $5,726
- Program services (functional)
- $488,356
- Management and general (functional)
- $14,239
Balance sheet and other
- Total assets, start of year
- $1,680,314
- Total assets, end of year
- $1,702,007
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,702,007
- Land, buildings and equipment
- $154,551
- Gross unrelated business income
- $334,401
- Gross receipts
- $524,288
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1994
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY SATHER | EXECUTIVE VP Trustee or director, Officer | 50 | $145,465 |
| ALLAN KARKI | PRESIDENT Trustee or director | 0.25 | $0 |
| DENNIS OVERLAND | NATIONAL DIRECTOR Trustee or director | 0.25 | $0 |
| KIM EGGERS | SECRETARY Trustee or director | 0.25 | $0 |
| JASON ZATTLER | DIRECTOR Trustee or director | 0.25 | $0 |
| CHRISTINE STANG | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| GREGORY SATHER | EXECUTIVE VP Trustee or director, Officer | 50 | $0 | $118,799 |
| ALLAN KARKI | PRESIDENT Trustee or director | 0.25 | $0 | $0 |
| DENNIS OVERLAND | NATIONAL DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| KIM EGGERS | SECRETARY Trustee or director | 0.25 | $0 | $0 |
| JASON ZATTLER | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CHRISTINE STANG | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY SATHER | EXECUTIVE VP Trustee or director, Officer | 50 | $116,196 |
| ALLAN KARKI | DIRECTOR Trustee or director | 0.25 | $0 |
| DENNIS OVERLAND | NATIONAL DIRECTOR Trustee or director | 0.25 | $0 |
| KIM EGGERS | SECRETARY Trustee or director | 0.25 | $0 |
| JASON ZATTLER | PRESIDENT Trustee or director | 0.25 | $0 |
| CHRISTINE STANG | DIRECTOR Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 8646 EAGLE CREEK CIR STE 202, SAVAGE, MN 55378-1571
- In care of
- % GREGORY SATHER
- Principal officer (990 for 2024)
- GREGORY E SATHER, 8646 EAGLE CREEK CIRCLE STE 202, SAVAGE, MN 55378
- Signed the 990
- GREGORY E SATHER, EXECUTIVE VP
- Phone
- (866) 694-7070
- Website
- WWW.PIAMN.COM
- Return prepared by
- BGM ADVISORY LLC
Mission
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
Program accomplishments
- 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.Expenses $53,560 · revenue $77,626
- PROVIDE A WEEKLY NEWSLETTER TO ITS MEMBERS WHICH PROVIDES EDUCATIONAL INFORMATION AND CURRENT DEVELOPMENTS WITHIN THE INSURANCE INDUSTRY. APPROXIMATELY 800 SUBSCRIBERS SERVED.Expenses $9,277
- PROMOTE PROFESSIONALISM THROUGHOUT THE INSURANCE INDUSTRY. PROVIDE EDUCATION ADVOCACY AND AGENCY SOLUTIONS TO MINNESOTA'S INDEPENDENT INSURANCE AGENTS.Expenses $425,519
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0477063
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N20)
- Assets (IRS master file)
- $1,702,007
- Income (IRS master file)
- $524,288
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $524,288 | $502,595 | $1,702,007 | XML |
| 990 | June 2024 | $578,079 | $520,796 | $1,680,314 | XML |
| 990 | June 2023 | $509,506 | $422,394 | $1,623,031 | XML |
| 990 | June 2022 | $483,190 | $467,908 | $1,535,919 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0477063).
Questions about PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC
- What is the EIN of PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC?
- The employer identification number (EIN) of PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC is 03-0477063.
- Is PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2003.
- Are donations to PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC?
- The 990 for the year ended June 30, 2025 names GREGORY E SATHER.
- Who are the officers and directors of PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $145,465 (GREGORY SATHER, EXECUTIVE VP).
- How much revenue does PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $524,288, expenses of $502,595 and total assets of $1,702,007 at year end.
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All nonprofits in SAVAGE · Minnesota · Recreation and sports