Cause IQ organization profile

American Association of Insurance Services (AAIS)

AAIS is a trade / professional association based in Lisle, IL that was founded in 1975. As of 2019 they had $18 million in revenue and $11 million in assets.

The American Association of Insurance Services (AAIS) is a national advisory organization that develops policy forms and rating information used by property/casualty insurers.

EIN:

36-2021360

City:

Lisle

State:

Illinois

Metro:

Chicago-Naperville-Elgin, IL-IN-WI

Website:

aaisonline.com

Phone:

(630) 681-8347

Facebook:

facebook.com/aaisconnect

Twitter:

@aais_info

Founded:

1975

Type:

501(c)(6)

NTEE:

S41: Trade / professional associations and chambers of commerce

Revenue:

$18,103,470

Assets:

$11,622,264

Employees:

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at AAIS

Aais is an advisory organization and a statistical agent working on behalf of over 700 property and casualty Insurance companies. Aais files manuals of rules and rating procedures for about 23 line programs with all state Insurance departments on behalf of member companies

Aais collects company data on behalf of state regulators and reports such data to the regulators thereby satisfying the member companies' statutory reporting requirements. For the fiscal year ended june 30, 2017, aais made over 1,300 filings with Insurance departments to address regulatory and compliance issues, as well as product revisions

Aais distributes information to member companies via bulletins which include instructions to companies on adopting newly-filed rules and forms and mandatory endorsements. For the fiscal year ended june 30, 2017, aais distributed over 1,000 such bulletins to affiliated companies

Form 990s for AAIS

Fiscal year ending	Date received by IRS	Form	PDF link
2019-06	Dec 19, 2019	990O	View PDF
2018-06	Feb 20, 2019	990O	View PDF
2017-06	Nov 21, 2017	990O	View PDF
2016-06	Nov 14, 2016	990O	View PDF
2015-06	Dec 8, 2015	990O	View PDF
...and five more Form 990 PDFs

Financials for AAIS

Field	2019	2018	% Change
Federated campaigns	$0	$0
Membership dues	$17,399,059	$16,410,161	6.0%
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$0	$0
<em>Non-cash contributions included in above</em>		$0
Total grants, contributions, etc.	$17,399,059	$16,410,161	6.0%

Field	2019	2018	% Change
Total grants, contributions, etc.	$17,399,059	$16,410,161	6.0%
Program services	$528,133	$439,754	20.1%
Investment income and dividends	$176,278	$48,723	261.8%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$0	$0
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$0	$0
Total revenues	$18,103,470	$16,898,638	7.1%

Field	2019	2018	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$3,023,650	$2,785,893	8.5%
Compensation not included above, to disqualified persons	$5,812,272	$0	999%
Non-officer salaries and wages	$0	$5,033,567	-100%
Pension/retirement accruals and contributions	$193,615	$258,189	-25.0%
Other employee benefits	$2,447,064	$2,124,377	15.2%
Payroll taxes	$654,286	$589,702	11.0%
Management fees	$0	$0
Legal fees	$212,316	$54,008	293.1%
Accounting fees	$24,284	$20,718	17.2%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$992,405	$607,814	63.3%
Advertising and promotion	$108,414	$113,601	-4.6%
Office expenses	$94,645	$83,527	13.3%
Information tech. expenses	$1,393,045	$1,478,653	-5.8%
Royalty expenses	$0	$0
Occupancy	$388,611	$372,912	4.2%
Travel	$915,439	$208,623	338.8%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$477,317	$743,024	-35.8%
Interest	$0	$0
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$432,514	$604,313	-28.4%
Insurance	$73,085	$63,163	15.7%
All other expenses	$521,834	$481,205	8.4%
Total expenses	$17,764,796	$15,623,289	13.7%

Field	2019	2018	% Change
Cash (non-interest-bearing)	$445,257	$449,714	-1.0%
Savings, short-term investments, etc.	$5,559,724	$4,507,985	23.3%
Pledges and grants receivable	$0	$0
Accounts receivable	$92,970	$185,439	-49.9%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$2,079,601	$728,580	185.4%
Buildings, equipment, etc. post-depreciation	$1,419,954	$2,031,091	-30.1%
Investments, publicly traded securities	$1,600,000	$3,095,200	-48.3%
Investments, other securities	$61,000	$61,000
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$363,758	$258,674	40.6%
Total assets	$11,622,264	$11,317,683	2.7%

Field	2019	2018	% Change
Accounts payable and accrued expenses	$3,413,341	$3,026,707	12.8%
Grants payable	$0	$0
Deferred revenue	$48,935	$0	999%
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$746,695	$706,840	5.6%
Total liabilities	$4,208,971	$3,733,547	12.7%

Field	2019	2018	% Change
Unrestricted net assets	$7,413,293	$7,584,136	-2.3%
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for AAIS

Vendor	Services	Amount paid	Date
HubSpot	Marketing software; CRM software; Content management system software		2020-09-17
████████ ███ ██████ ████	Actuarial services		2019-12-31
█████ ████ ███	Legal Services	$112,144	2019-12-19
███████ ███ ████ ████ █	Tax accounting		2019-12-19
██████████	Marketing software		2019-09-02

Personnel at AAIS

Name	Title	Compensation	Most recent data
Edmund J. Kelly	President and Chief Executive Officer	-	Sept. 24, 2020
Joan Zerkovich	Senior Vice President of Operations / Senior Vice President Chief Operating Officer	-	Sept. 24, 2020
████ ██████	Vice President, Finance and Accounting	-	July 13, 2019
████ ███████	Vice President of Data and Actuarial Solutions	-	Sept. 24, 2020
████ █████ ████████	Vice President of Government Affairs	-	Jan. 16, 2019
█████ █████████ ████	Vice President of Government Affairs, Legal and Compliance	-	Sept. 24, 2020
██████ ████████	Vice President Commercial Lines	-	June 30, 2018
████ ████ ██████	Vice President of Personal Lines and Auto Before Coming To Aais in March	-	Sept. 24, 2020
████ ██████	Vice President of Personal Lines	-	Jan. 17, 2019
██████ █████	Director Business Intelligence	-	June 30, 2019
...and four more key personnel

Peer trade / professional associations and chambers of commerce

	Name	Type	Revenue	Location
1	American Health Information Management Association	501(c)(6)	$32 million	Chicago, IL
2	Community Bankers Association (CBA)	501(c)(6)	$4.5 million	Springfield, IL
3	American Academy of Sleep Medicine (AASM)	501(c)(6)	$17 million	Darien, IL
4	American Academy of Periodontology (AAP)	501(c)(6)	$10 million	Chicago, IL
5	AMERICAN ASSOCIATION OF ENDOdoNTISTS	501(c)(6)	$10 million	Chicago, IL
6	American Society of Safety Professionals (ASSE)	501(c)(6)	$19 million	Park Ridge, IL
7	Credentialing Organization	501(c)(6)	$7.2 million	Chicago, IL
8	American Academy of Dermatology (AAD)	501(c)(6)	$13 million	Rosemont, IL
9	American Organization for Nursing Leadership	501(c)(6)	$9.0 million	Chicago, IL
10	American Association of Oral and Maxillofacial Surgeons	501(c)(6)	$22 million	Rosemont, IL
11	American Society of Neuroradiology (ASNR)	501(c)(6)	$5.2 million	Oak Brook, IL
12	Academy of Nutrition and Dietetics	501(c)(6)	$39 million	Chicago, IL
13	American College of Healthcare Executives (ACHE)	501(c)(6)	$12 million	Chicago, IL
14	American Veterinary Medical Association (AVMA)	501(c)(6)	$42 million	Schaumburg, IL
15	American Medical Technologists	501(c)(6)	$8.8 million	Rosemont, IL
16	North American Die Casting Association (NADCA)	501(c)(6)	$4.9 million	Arlington HTS, IL
17	American Board of Psychiatry and Neurology	501(c)(6)	$24 million	Deerfield, IL
18	International Interior Design Association	501(c)(6)	$6.2 million	Chicago, IL
19	American Board of Medical Specialties (ABMS)	501(c)(6)	$18 million	Chicago, IL
20	Society for Vascular Surgery	501(c)(6)	$10 million	Rosemont, IL
21	American Society of Plastic Surgeons (ASPS)	501(c)(6)	$27 million	Arlington Heights, IL
22	Residential Real Estate Council	501(c)(6)	$8.7 million	Chicago, IL
23	American Dental Hygienists' Association	501(c)(6)	$6.2 million	Chicago, IL
24	Healthcare Financial Management Association (HFMA)	501(c)(6)	$21 million	Westchester, IL
25	Alliance for Audited Media	501(c)(6)	$18 million	Arlington Heights, IL

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Cause IQ organization profile

American Association of Insurance Services (AAIS)

Program areas at AAIS

Form 990s for AAIS

Financials for AAIS

Vendors for AAIS

Personnel at AAIS

Peer trade / professional associations and chambers of commerce

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