Nonprofit · EIN 57-0248455
INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA
Tax-exempt · COLUMBIA, SC 29210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,979,249 | $1,988,714 | -$9,465 | $2,170,141 | $185,785 | $1,984,356 |
| December 31, 2023 | 990 | $1,861,534 | $1,880,711 | -$19,177 | $2,178,563 | $203,082 | $1,975,481 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $338,663
- Membership dues
- $305,671
- Program service revenue
- $1,428,077
- Investment income
- $38,072
- Royalties
- $140,712
- Net gain from sales of assets
- $8,411
- Other revenue
- $174,437
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $140,061
- Other salaries and wages
- $576,534
- Salaries, compensation and benefits (total)
- $906,144
- Professional fundraising fees
- $0
- Legal fees
- $1,530
- Accounting fees
- $8,100
- Occupancy
- $47,826
- Travel
- $52,011
- Depreciation
- $78,679
- Program services (functional)
- $665,333
Balance sheet and other
- Total assets, start of year
- $2,178,563
- Total assets, end of year
- $2,170,141
- Total liabilities, end of year
- $185,785
- Net assets, end of year
- $1,984,356
- Land, buildings and equipment
- $455,734
- Publicly traded securities
- $572,015
- Net assets without donor restrictions
- $1,833,192
- Net assets with donor restrictions
- $151,161
- Gross unrelated business income
- $33,725
- Gross receipts
- $1,979,249
- Employees
- 9
- Volunteers
- 0
- Year formed
- 1992
- State of legal domicile
- SC
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| G Frank Sheppard | President-retired Officer, Key employee | 40 | $140,061 |
| Tonya S Thomason | Chair Trustee or director, Officer | 1 | $0 |
| Robert E Nalley | Chair Elect and Treasurer Trustee or director, Officer | 1 | $0 |
| Angus M Brabham IV | Secretary Trustee or director, Officer | 1 | $0 |
| James G Taylor | National Director Trustee or director | 1 | $0 |
| James G Taylor Jr | Immediate Past Chair Trustee or director, Officer | 1 | $0 |
| Bret Carter | Director Trustee or director | 1 | $0 |
| Andrew Deese | Director Trustee or director | 1 | $0 |
| Alexander Galloway | Director Trustee or director | 1 | $0 |
| William Hamer | Director Trustee or director | 1 | $0 |
| Jeniffer S Hincapie | Director Trustee or director | 1 | $0 |
| Lauren T Huffman | Director Trustee or director | 1 | $0 |
| Shane F Lynn | Director Trustee or director | 1 | $0 |
| John R Spence | Director Trustee or director | 1 | $0 |
| Richard Walker Jr | Director Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rebecca H McCormack | President CEO - elect Officer, Key employee | 0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| G Frank Sheppard | President Officer, Key employee | 40 | $118,842 |
| Tonya S Thomason | Chair Trustee or director, Officer | 1 | $0 |
| Robert E Nalley | Chair Elect Treasurer Trustee or director, Officer | 1 | $0 |
| Angus M Brabham IV | Secretary Trustee or director, Officer | 1 | $0 |
| Ashley Brady | National Director Trustee or director | 1 | $0 |
| James G Taylor Jr | Immediate Past Chair Trustee or director, Officer | 1 | $0 |
| l Amber Bryant | Director Trustee or director | 1 | $0 |
| Alexander Galloway | Director Trustee or director | 1 | $0 |
| William Hamer | Director Trustee or director | 1 | $0 |
| Lauren T Huffman | Director Trustee or director | 1 | $0 |
| Shane F Lynn | Director Trustee or director | 1 | $0 |
| Renado Robinson | Director Trustee or director | 1 | $0 |
| John R Spence | Director Trustee or director | 1 | $0 |
| Julie B Turner | Director Trustee or director | 1 | $0 |
| Richard Walker Jr | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 800 GRACERN RD, COLUMBIA, SC 29210-7693
- In care of
- % G FRANK SHEPPARD
- Principal officer (990 for 2024)
- Rebecca H McCormack, 800 Gracern Rd, Columbia, SC 29210
- Signed the 990
- Rebecca H, McCormack
- Phone
- (803) 731-9460
- Website
- www.iiabsc.com
- Return prepared by
- Robert E Milhous CPA P A and Associates
Mission
The fundamental purpose and objective of the filing organization is to promote educate and represent the common business interests of independent insurance agents of SC within the industry public and legislature. Activities sponsored by the organization are intended to educate members and keep them informed on current topics relative to the industry.
Program accomplishments
- The objective of Education is to provide professional development for members continuing education requirements in SC. The following classes sessions were held in 2024: Regular education classes 2 in-person and webcasts with 264 attendees; Agent Broker Education Network ABEN 60 different webcasts with 1663 SC attendees; CISR sessions 6 in-person and 41 webcasts with 388 attendees; and CIC sessions 2 in-person and webcasts sessions with 291 attendees.Expenses $216,230 · revenue $362,169
- The object of Conferences is to provide education information training and networking opportunities for independent insurance agents. the following conferences were held in 2024: Annual conference with approximately 420 attendees; Spring conference with approximately 300 attendees; and Fall conference Young Agents was canceled due to storms; Womens conference with approximately 103 attendees.Expenses $324,930 · revenue $651,570
- Publications include monthly newsletters to membership about insurance industry practices benefits and services the Association provides along with various local national legislative updates. Monthly newsletters = 1125 emails per issue 24 issues. Quarterly magazines provide the membership focused on feature articles relative to the insurance industry along with local national legislative updates. Quarterly magazines = 2245 magazines mailed per 4 issues; 1866 emails sent per 4 issues. Legislative updates during legislative sessions = 1 issue 1125 emails. A Market Guide Publication is provided annually = 200 distributed. Other communications to membership: 7 emails related to benefits and services 6926 recipients; 28 emails related to events 50115 recipients; 23 emails related to education. 28262 recipients; 2 emails related to industry 2984 recipients; 1 email related to other items 1226 recipients.Expenses $96,164
- Governmental affairs: consists of providing members access to national marketing and advertising including Trusted Choice products. Also provides members information on effects of new regulations in the industry.Expenses $28,009
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 57-0248455
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,170,141
- Income (IRS master file)
- $1,979,249
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,979,249 | $1,988,714 | $2,170,141 | IRS |
| 990 | December 2023 | $1,861,534 | $1,880,711 | $2,178,563 | XML |
| 990 | December 2022 | $1,791,575 | $1,749,485 | $2,181,928 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | $1,468,155 | $1,332,695 | $2,213,960 | 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 57-0248455).
Questions about INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA
- What is the EIN of INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA?
- The employer identification number (EIN) of INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA is 57-0248455.
- Is INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1943.
- Are donations to INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA 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 & BROKERS OF SOUTH CAROLINA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA?
- The 990 for the year ended December 31, 2024 names Rebecca H McCormack.
- Who are the officers and directors of INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $140,061 (G Frank Sheppard, President-retired).
- How much revenue does INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,979,249, expenses of $1,988,714 and total assets of $2,170,141 at year end.
Other nonprofits in COLUMBIA
- CENTRAL ELECTRIC POWER COOPERATIVE INC EIN 57-0299350 · last filed 990 for 2024
- CHARTER INSTITUTE AT ERSKINE EIN 82-3227586 · last filed 990 for 2025
- WELVISTA EIN 56-2034627 · last filed 990 for 2025
- PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA EIN 57-0373677 · last filed 990 for 2025
- UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION EIN 57-6017985 · last filed 990 for 2025
- EAU CLAIRE COOPERATIVE HEALTH CENTER INC EIN 57-0965445 · last filed 990 for 2024
- GENESIS HEALTHCARE INC EIN 01-0932846 · last filed 990 for 2025
- AGFIRST-FCBT EMPLOYEE WELFARE BENEFIT TR EIN 76-6094055 · last filed 990 for 2024