Nonprofit · EIN 56-0340370
INDEPENDENT INSURANCE AGENTS OF N CAROLINA INC
Tax-exempt · CARY, NC 27512
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $5,037,077 | $4,346,423 | $690,654 | $14,516,711 | $954,481 | $13,562,230 |
| August 31, 2024 | 990 | $4,937,028 | $3,995,209 | $941,819 | $13,679,530 | $1,046,365 | $12,633,165 |
| August 31, 2023 | 990 | $4,716,113 | $4,083,977 | $632,136 | $12,276,601 | $1,414,194 | $10,862,407 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,579,251
- Investment income
- $125,912
- Royalties
- $300,578
- Net gain from sales of assets
- $12,631
- Other revenue
- $331,914
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $254,283
- Other salaries and wages
- $572,628
- Salaries, compensation and benefits (total)
- $1,042,717
- Professional fundraising fees
- $0
- Accounting fees
- $24,150
- Travel
- $8,453
- Depreciation
- $70,418
Balance sheet and other
- Total assets, start of year
- $13,679,530
- Total assets, end of year
- $14,516,711
- Total liabilities, end of year
- $954,481
- Net assets, end of year
- $13,562,230
- Land, buildings and equipment
- $1,719,442
- Publicly traded securities
- $4,666,706
- Net assets without donor restrictions
- $12,715,230
- Net assets with donor restrictions
- $847,000
- Gross receipts
- $5,385,334
- Employees
- 42
- Volunteers
- 15
- Year formed
- 1938
- State of legal domicile
- NC
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AUBIE KNIGHT | CHIEF EXECUTIVE OFFICER Officer | 40 | $0 | $543,441 | $55,698 |
| REBECCA SHIGLEY | CHIEF OPERATING OFFICER Officer | 40 | $0 | $234,831 | $36,220 |
| JOE STEWART | VICE PRESIDENT, GOVERNMENT Highest-paid employee | 40 | $0 | $187,252 | $30,544 |
| PAT CLINE | MANAGING DIRECTOR, 101 WES Highest-paid employee | 40 | $0 | $171,987 | $30,588 |
| BRAD FAULKNER | CHIEF FINANCIAL OFFICER Officer | 40 | $0 | $163,707 | $27,675 |
| LISA WEATHERLY | VICE PRESIDENT OF AGENCY O Highest-paid employee | 40 | $0 | $148,872 | $24,720 |
| JASON SABO | DIRECTOR OF AGENCY DEVELOP Highest-paid employee | 40 | $0 | $130,701 | $22,893 |
| WORTHAM BOYLE | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 | $0 |
| DON STROUD JR | CHAIRMAN-ELECT Trustee or director, Officer | 5 | $0 | $0 | $0 |
| LANDON BENTHAM | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHELLE O'CONNER | NATIONAL DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| KARL SHERRILL | IMMEDIATE PAST CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 | $0 |
| THOMAS RHODES | DIRECTOR - DISTRICT ONE Trustee or director | 1 | $0 | $0 | $0 |
| DARRIN RANKIN | DIRECTOR - DISTRICT TWO Trustee or director | 1 | $0 | $0 | $0 |
| JESSICA YARBROUGH | DIRECTOR - DISTRICT THREE Trustee or director | 1 | $0 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHUCK EYLER | DIRECTOR - AT LARGE Trustee or director | 1 | $0 |
| ADRIENNE MOORE | DIRECTOR - AT LARGE Trustee or director | 1 | $0 |
| JACK WINGATE | DIRECTOR - AT LARGE Trustee or director | 1 | $0 |
| CHRISTOPHER COOK | DIRECTOR - AT LARGE Trustee or director | 1 | $0 |
| OLIVER CONNER | DIRECTOR - AT LARGE Trustee or director | 1 | $0 |
| JOHN D SNIPES II | DIRECTOR - AT LARGE Trustee or director | 1 | $0 |
| MERRITT TONGEN | ILEAD COMMITTEE CHAIR Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AUBIE KNIGHT | CHIEF EXECUTIVE OFFICER Officer | 40 | $0 | $522,697 | $53,567 |
| REBECCA SHIGLEY | CHIEF OPERATING OFFICER Officer | 40 | $0 | $220,811 | $34,283 |
| JOE STEWART | VICE PRESIDENT, GOVERNMENT Highest-paid employee | 40 | $0 | $179,750 | $29,222 |
| PAT CLINE | MANAGING DIRECTOR, 101 WESTON LABS Highest-paid employee | 40 | $0 | $173,615 | $16,147 |
| BRAD FAULKNER | CHIEF FINANCIAL OFFICER Officer | 40 | $0 | $153,926 | $26,465 |
| LISA WEATHERLY | VICE PRESIDENT OF AGENCY OPERATIONS Highest-paid employee | 40 | $0 | $134,934 | $23,203 |
| JASON SABO | DIRECTOR OF AGENCY DEVELOPMENT Highest-paid employee | 40 | $0 | $121,378 | $22,270 |
| KARL SHERRILL | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 | $0 |
| WORTHAM BOYLE | CHAIRMAN ELECT Trustee or director, Officer | 5 | $0 | $0 | $0 |
| DON STROUD JR | TREASURER / SECRETARY Trustee or director, Officer | 5 | $0 | $0 | $0 |
| DANIEL COOK | NATIONAL DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| MICHELLE O'CONNER | IMMEDIATE PAST CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| THOMAS RHODES | DIRECTOR - DISTRICT ONE Trustee or director | 1 | $0 | $0 | $0 |
| DARRIN RANKIN | DIRECTOR - DISTRICT TWO Trustee or director | 1 | $0 | $0 | $0 |
| KAREN FENTRESS | DIRECTOR - DISTRICT THREE Trustee or director | 1 | $0 | $0 | $0 |
| DEIDRE RUSHIN | DIRECTOR - AT LARGE Trustee or director | 1 | $0 | $0 | $0 |
| LANDON BENTHAM | DIRECTOR - AT LARGE Trustee or director | 1 | $0 | $0 | $0 |
| JACK WINGATE | DIRECTOR - AT LARGE Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER COOK | DIRECTOR - AT LARGE Trustee or director | 1 | $0 | $0 | $0 |
| OLIVER CONNER | DIRECTOR - AT LARGE Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD L GARNER III | DIRECTOR - AT LARGE Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL ROHRBAUGH | ILEAD COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AUBIE KNIGHT | CHIEF EXECUTIVE OFFICER Officer | 40 | $0 | $493,057 | $51,114 |
| REBECCA SHIGLEY | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $0 | $207,048 | $33,390 |
| JOE STEWART | VICE PRESIDENT, GOVERNMENT Highest-paid employee | 40 | $0 | $172,418 | $29,190 |
| BRAD FAULKNER | CHIEF FINANCIAL OFFICER Officer | 40 | $0 | $146,538 | $26,148 |
| LISA WEATHERLY | AGENCY MANAGER Officer | 40 | $0 | $125,987 | $22,907 |
| MICHELLE O'CONNER | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 | $0 |
| KARL SHERRILL | CHAIRMAN ELECT Trustee or director, Officer | 5 | $0 | $0 | $0 |
| WORTHAM BOYLE | TREASURER / SECRETARY Trustee or director, Officer | 5 | $0 | $0 | $0 |
| ROBERT SALMON | NATIONAL DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| DANIEL COOK | IMMEDIATE PAST CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JOHN E ROBINSON | DIRECTOR - DISTRICT ONE Trustee or director | 1 | $0 | $0 | $0 |
| DON STROUD JR | DIRECTOR - DISTRICT TWO Trustee or director | 1 | $0 | $0 | $0 |
| KAREN FENTRESS | DIRECTOR - DISTRICT THREE Trustee or director | 1 | $0 | $0 | $0 |
| DEIDRE RUSHIN | DIRECTOR - AT LARGE Trustee or director | 1 | $0 | $0 | $0 |
| LANDON BENTHAM | DIRECTOR - AT LARGE Trustee or director | 1 | $0 | $0 | $0 |
| JACK WINGATE | DIRECTOR - AT LARGE Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS RHODES | DIRECTOR - AT LARGE Trustee or director | 1 | $0 | $0 | $0 |
| RAY TEDDER JR | DIRECTOR - AT LARGE Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD L GARNER III | DIRECTOR - AT LARGE Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL ROHRBAUGH | ILEAD COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1165, CARY, NC 27512-1165
- Signed the 990
- AUBIE KNIGHT, CHIEF FINANCIAL OFFICER
- Phone
- (919) 828-4371
- Website
- WWW.IIANC.COM
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
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.
Program accomplishments
- THE ASSOCIATION OFFERS A VARIETY OF SERVICES TO ITS MEMBERS INCLUDING EDUCATION AND INSURANCE PROGRAMS, INDUSTRY REPRESENTATION, AND MEMBER SERVICES.
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 56-0340370
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1955
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $14,516,711
- Income (IRS master file)
- $5,385,334
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $5,037,077 | $4,346,423 | $14,516,711 | XML |
| 990 | August 2024 | $4,937,028 | $3,995,209 | $13,679,530 | XML |
| 990 | August 2023 | $4,716,113 | $4,083,977 | $12,276,601 | XML |
| 990 | August 2022 | $4,078,379 | $3,353,133 | $11,020,341 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | 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 56-0340370).
Questions about INDEPENDENT INSURANCE AGENTS OF N CAROLINA INC
- What is the EIN of INDEPENDENT INSURANCE AGENTS OF N CAROLINA INC?
- The employer identification number (EIN) of INDEPENDENT INSURANCE AGENTS OF N CAROLINA INC is 56-0340370.
- Is INDEPENDENT INSURANCE AGENTS OF N CAROLINA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1955.
- Are donations to INDEPENDENT INSURANCE AGENTS OF N CAROLINA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDEPENDENT INSURANCE AGENTS OF N CAROLINA 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 INDEPENDENT INSURANCE AGENTS OF N CAROLINA INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENT INSURANCE AGENTS OF N CAROLINA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who are the officers and directors of INDEPENDENT INSURANCE AGENTS OF N CAROLINA INC?
- The 990 for the year ended August 31, 2025 lists 22 people; 0 received compensation from the organization.
- How much revenue does INDEPENDENT INSURANCE AGENTS OF N CAROLINA INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $5,037,077, expenses of $4,346,423 and total assets of $14,516,711 at year end.
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