Nonprofit · EIN 58-1311077
IIANC EDUCATION FOUNDATION INC
Tax-exempt · CARY, NC 27512
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $178,550 | $1,339,304 | -$1,160,754 | $1,850,325 | $105,744 | $1,744,581 |
| August 31, 2024 | 990 | $1,251,712 | $942,906 | $308,806 | $3,030,460 | $130,200 | $2,900,260 |
| August 31, 2023 | 990 | $1,400,000 | $637,984 | $762,016 | $2,600,679 | $24,660 | $2,576,019 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $100,000
- Program service revenue
- $0
- Investment income
- $78,550
- Net gain from sales of assets
- $6,420
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,332,396
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $1,332,396
- Management and general (functional)
- $6,908
Balance sheet and other
- Total assets, start of year
- $3,030,460
- Total assets, end of year
- $1,850,325
- Total liabilities, end of year
- $105,744
- Net assets, end of year
- $1,744,581
- Publicly traded securities
- $515,737
- Net assets with donor restrictions
- $1,744,581
- Gross receipts
- $351,265
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1977
- 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 |
|---|---|---|---|
| JESSICA MEDLIN | CHAIR Trustee or director, Officer | 2 | $0 |
| LAURA FALANGA | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| MICHAEL BETTERS | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 |
| TOM MARSHALL | MEMBER Trustee or director | 1 | $0 |
| ROBERT MCIVER | MEMBER Trustee or director | 1 | $0 |
| MONTY ROSS | MEMBER Trustee or director | 1 | $0 |
| RAY TEDDER | MEMBER Trustee or director | 1 | $0 |
| RAQUEL TILLMAN | MEMBER Trustee or director | 1 | $0 |
| JUSTIN LITAKER | MEMBER Trustee or director | 1 | $0 |
| AUBIE KNIGHT | CHIEF EXECUTIVE OFFICER-II Officer | 2 | $0 |
| BRAD FAULKNER | CHIEF FINANCIAL OFFICER-II Officer | 2 | $0 |
| REBECCA SHIGLEY | CHIEF OPERATING OFFICER-II Officer | 2 | $0 |
990 for the year ended August 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JESSICA MEDLIN | CHAIR Trustee or director, Officer | 2 | $0 |
| LAURA FALANGA | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| MICHAEL BETTERS | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 |
| TOM MARSHALL | MEMBER Trustee or director | 1 | $0 |
| ROBERT MCIVER | MEMBER Trustee or director | 1 | $0 |
| MONTY ROSS | MEMBER Trustee or director | 1 | $0 |
| RAY TEDDER | MEMBER Trustee or director | 1 | $0 |
| RAQUEL TILLMAN | MEMBER Trustee or director | 1 | $0 |
| JUSTIN LITAKER | MEMBER Trustee or director | 1 | $0 |
| AUBIE KNIGHT | CHIEF EXECUTIVE OFFICER-IIANC Officer | 2 | $0 |
| BRAD FAULKNER | CHIEF FINANCIAL OFFICER-IIANC Officer | 2 | $0 |
| REBECCA SHIGLEY | CHIEF OPERATING OFFICER-IIANC Officer | 2 | $0 |
990 for the year ended August 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NEIL ANNAS | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| ROBERT MCIVER | MEMBER Trustee or director | 1 | $0 |
| JUSTIN LITAKER | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 |
| TOM MARSHALL | MEMBER Trustee or director | 1 | $0 |
| LORRI MORRIS | MEMBER Trustee or director | 1 | $0 |
| LAURA FALANGA | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| JESSICA MEDLIN | MEMBER Trustee or director | 1 | $0 |
| MONTY ROSS | MEMBER Trustee or director | 1 | $0 |
| RAY TEDDER | MEMBER Trustee or director | 1 | $0 |
| AUBIE KNIGHT | CHIEF EXECUTIVE OFFICER-II Officer | 2 | $0 |
| BRAD FAULKNER | CHIEF FINANCIAL OFFICER-II Officer | 2 | $0 |
| REBECCA SHIGLEY | CHIEF OPERATING OFFICER-II Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1165, CARY, NC 27512-1165
- In care of
- % THOMAS MARSHALL CHARIMAN
- Principal officer (990 for 2024)
- BRAD FAULKNER, PO BOX 1165, CARY, NC 27512
- Signed the 990
- BRAD FAULKNER, CFO
- Phone
- (919) 828-4371
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
TO PROMOTE AND DEVELOP EDUCATION IN THE INSURANCE INDUSTRY.
Program accomplishments
- TO PROVIDE INSURANCE INDUSTRY RELATED GRANTS AND SCHOLARSHIPS.Expenses $1,332,396 · grants $1,332,396 · revenue $100,000
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
- 58-1311077
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1979
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B116)
- Assets (IRS master file)
- $1,850,325
- Income (IRS master file)
- $351,265
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $178,550 | $1,339,304 | $1,850,325 | XML |
| 990 | August 2024 | $1,251,712 | $942,906 | $3,030,460 | XML |
| 990 | August 2023 | $1,400,000 | $637,984 | $2,600,679 | XML |
| 990 | August 2022 | $750,000 | $561,007 | $1,823,890 | 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 58-1311077).
Questions about IIANC EDUCATION FOUNDATION INC
- What is the EIN of IIANC EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of IIANC EDUCATION FOUNDATION INC is 58-1311077.
- Is IIANC EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to IIANC EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does IIANC EDUCATION FOUNDATION 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 IIANC EDUCATION FOUNDATION 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 IIANC EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of IIANC EDUCATION FOUNDATION INC?
- The 990 for the year ended August 31, 2025 names BRAD FAULKNER.
- Who are the officers and directors of IIANC EDUCATION FOUNDATION INC?
- The 990 for the year ended August 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does IIANC EDUCATION FOUNDATION INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $178,550, expenses of $1,339,304 and total assets of $1,850,325 at year end.
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