2024-08-06T10:23:12-05:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 043172159 MASSACHUSETTS ASSOCIATION OF INSURANCE AGENTS INC MASS 5086342900 91 CEDAR STREET MILFORD MA 01757 NICHOLAS A FYNTRILAKIS PRESIDENT & CEO 5086342900 2024-08-02 1 1 JOHN BUCKLEY CPA P00830631 5083669100 2024-08-02 2023 2024-08-08 14:25:15Z NICHOLAS A FYNTRILAKIS 91 CEDAR STREET MILFORD MA 01757 5872433 0 X WWW.MASSAGENT.COM X 1992 MA MAIA IS DEDICATED TO STRENGTHENING AND ELEVATING THE INDEPENDENT INSURANCE AGENCY SYSTEM THROUGH UNWAVERING ADVOCACY AND PROMOTION, QUALITY EDUCATION, KEY INSIGHTS AND ADVICE, MARKET ACCESS, AND ESSENTIAL PRODUCTS. THE MASSACHUSETTS ASSOCIATION OF INSURANCE AGENTS IS THE LEADING TRADE ASSOCIATION FOR NEARLY 1,000 MASSACHUSETTS INDEPENDENT INSURANCE AGENCIES AND THEIR ESTIMATED 9,000+ EMPLOYEES. 22 22 16 27 0 0 182724 101350 3764423 3477660 93213 406757 1004855 1730374 5045215 5716141 0 0 0 0 1820808 2080966 0 0 0 2805700 2533854 4626508 4614820 418707 1101321 14213451 15959732 1018817 912557 13194634 15047175 MAIA IS DEDICATED TO STRENGTHENING AND ELEVATING THE INDEPENDENT INSURANCE AGENCY SYSTEM THROUGH UNWAVERING ADVOCACY AND PROMOTION, QUALITY EDUCATION, KEY INSIGHTS AND ADVICE, MARKET ACCESS, AND ESSENTIAL PRODUCTS. 0 0 ACTIVITIES TO PROMOTE INDUSTRY AND GOVERNMENT RELATIONS AS WELL AS TO SUPPORT AND PROMOTE SOUND PRINCIPLES, FAIR COMPETITION, AND ETHICAL PRACTICES WITHIN THE INSURANCE AGENCY. EDUCATIONAL SEMINARS AND PROGRAMS TO PROVIDE PROFESSIONAL TRAINING FOR ASSOCIATION MEMBERS AND INFORM MEMBERS OF THE LATEST TRENDS AND ISSUES IMPACTING THE INSURANCE INDUSTRY. 0 1 0 1 0 0 0 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 22 0 1 16 1 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X NICHOLAS A FYNTRILAKIS PRESIDENT & CEO 5086342900 91 CEDAR STREET MILFORD MA 01757 LISA M HIRBOUR CHAIRMAN 2.00 X X 0 0 0 PATRICK DEMPSEY CHAIR ELECT 2.00 X X 0 0 0 CHRIS FITTS VICE CHAIR 2.00 X X 0 0 0 CHRISTOPHER R RUSSO JR SECRETARY-TREASURER 2.00 X X 0 0 0 GLEN DAVIS NATIONAL DIR. IIABA 2.00 X X 0 0 0 BENJAMIN CAVALLO IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 JUSTIN FLYNN DIRECTOR 2.00 X 0 0 0 GREG PORZIELLA DIRECTOR 2.00 X 0 0 0 GREGORY KNIGHT DIRECTOR 2.00 X 0 0 0 JOHN MALLEY DIRECTOR 2.00 X 0 0 0 JOHN J FALLON III DIRECTOR 2.00 X 0 0 0 KYLE AUSTIN DIRECTOR 2.00 X 0 0 0 PAUL OSTRANDER DIRECTOR 2.00 X 0 0 0 RICHARD GREEN DIRECTOR 2.00 X 0 0 0 HENRY RISMAN DIRECTOR 2.00 X 0 0 0 STEVEN COHEN DIRECTOR 2.00 X 0 0 0 SHAWN MCLAUGHLIN DIRECTOR 2.00 X 0 0 0 TRICIA SABULLIS DIRECTOR 2.00 X 0 0 0 TED HUGHES DIRECTOR 2.00 X 0 0 0 TED GIBSON DIRECTOR 2.00 X 0 0 0 BILL BURBINE DIRECTOR 2.00 X 0 0 0 GREG SUSCO DIRECTOR 2.00 X 0 0 0 NICHOLAS FYNTRIKIS PRESIDENT & CEO 35.00 X 463899 0 46672 HEATHER KRAMER COO/VICE PRESIDENT 35.00 X 218920 0 14274 IRENE MORRILL VP OF TECHNICAL AFFAIRS 35.00 X 173834 0 28135 PATRICIA LOONIE VP FINANCE 18.00 17.00 X 0 102909 22267 ANN TOBIN VP OF AGENCY SERVICES 35.00 X 0 171100 10136 856653 274009 121484 3 0 1 0 0 101350 101350 EDUCATION PROGRAMS 611430 1540819 1540819 MEMBERSHIP DUES 813910 689811 689811 CONVENTION INCOME 561591 537893 537893 CONSUMER ADVERTISING CAMPAIGN 425120 436849 436849 ASSOCIATION PRODUCTS 425120 272288 272288 3477660 157967 157967 679822 679822 405082 156292 248790 248790 248790 EQUITY IN EARNINGS OF SUBSIDIARY 524298 838235 838235 REIMBURSEMENT INCOME 900099 212317 212317 1050552 5716141 3477660 0 2137131 515572 1312693 59066 79081 114554 13353 43500 40321 6343 688794 209952 151025 14837 466612 65115 33653 EDUCATIONAL EXPENSES 682726 OTHER EXPENSES 115327 DUES 2296 4614820 459765 698669 124180 62198 33475 68465 950024 363991 275315 586033 5281639 6705841 6934796 6889031 1104281 949495 14213451 15959732 136244 126170 882573 786387 1018817 912557 X 13194634 15047175 13194634 15047175 14213451 15959732 1101321 751220 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1078918 215000 215000 302097 -87097 SCHEDULE C, PAGE 1, PART 1-A MAIA DOES NOT DIRECTLY OR INDIRECTLY ENGAGE IN POLITICAL ACTIVITIES. MAIA SOLELY DOES LOBBYING. 950024 363991 586033 586033 NON-MARKETABLE INVESTMENTS 405980 C INVESTMENT IN NUMBER ONE 6483051 F 6889031 DUE FROM RELATED ENTITY 949495 949495 X 6427040 751220 751220 5675820 40321 40321 5716141 4574499 0 4574499 40321 40321 4614820 PART X, LINE 2: THE ASSOCIATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ASSOCIATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2023. THE ASSOCIATION'S INFORMATION AND TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. X X 0 0 0 NICHOLAS FYNTRIKIS PRESIDENT & CEO 463899 0 0 0 0 0 23935 0 22737 0 510571 0 0 0 HEATHER KRAMER COO/VICE PRESIDENT 218920 0 0 0 0 0 10965 0 3309 0 233194 0 0 0 IRENE MORRILL VP OF TECHNICAL AFFAIRS 173834 0 0 0 0 0 9332 0 18803 0 201969 0 0 0 ANN TOBIN VP OF AGENCY SERVICES 0 171100 0 0 0 0 0 8555 0 1581 0 181236 0 0 FORM 990, PART VI, SECTION A, LINE 6 MAIA IS A MEMBERSHIP ASSOCIATION FOR INSURANCE AGENTS. THESE AGENTS ARE CONSIDERED MEMBERS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A PRIOR TO THE ANNUAL MEETING, THE MEMBERS OF MAIA HAVE AN OPPORTUNITY TO NOMINATE OTHER INDIVIDUALS FOR OFFICERS OR DIRECTORS POSITIONS. AT THE ANNUAL MEETING, THE OFFICERS AND DIRECTORS ARE ELECTED BY THE MEMBERS IN ATTENDANCE. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT AND CEO REVIEWS THE 990 AND A COPY IS SENT TO THE TREASURER FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM DURING THE DECEMBER BOARD MEETING AND THEN DURING THE NEXT YEAR JUNE BOARD MEETING ALL BOARD WILL BE ASKED IF THERE ARE ANY CHANGES AND IF THERE IS A CONFLICT THEN THEY WILL BE REQUIRED TO SIGN A NEW CONFLICT OF INTEREST FORM. ANY NEW EMPLOYEES WILL BE REQUIRED TO SIGN A FORM AT THE START OF THEIR EMPLOYMENT AND THEN GOING FORWARD REDO IN DECEMBER. FORM 990, PART VI, SECTION B, LINE 15 THE MAIA EXECUTIVE COMMITTEE PERFORMS A DETAILED REVIEW OF THE PRESIDENT AND CEO'S SALARY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15B: THE EXECUTIVE COMMITTEE REVIEWED AND APPROVED ALL BONUSES. THERE IS A PROCEDURE THAT IS FOLLOWED STATING THE AMOUNT OF THE BONUSES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS AND RETURNS ARE AVAILABLE UPON REQUEST. FORM 990, PART X11, LINE 2C: THE AUDIT COMITTEE RECEIVED THE FULL ASSOCIATION'S YEAR END AUDIT PRESENTATION FROM THE CERTIFIED PUBLIC ACCOUNTANTS. THE AUDIT COMMITTEE REVIEWED THE REPORT AND GAVE THEIR APPROVAL. ONCE THE APPROVAL WAS GIVEN TO THE CPAS THE FULL REPORT WAS GIVEN TO THE ASSOCIATION'S BOARD. NUMBER ONE INSURANCE AGENCY INC 91 CEDAR STREET MILFORD MA 01757 043172152 INSURANCE MA MAIA C 4106809 8524052 1.00000 1 0 0 0 0 0 1 0 0 0 0 1 0 0 1 1 1 0 0 0 NUMBER ONE INSURANCE AGENCY INC F 884000 DIVIDEND VOTED ON BY THE BOARD NUMBER ONE INSURANCE AGENCY INC K 151025 LEASE AGREEMENT NUMBER ONE INSURANCE AGENCY INC P 949495 DUE TO/FROM BALANCE AT YEAR END NUMBER ONE INSURANCE AGENCY INC O 212317 MANAGEMENT ARRANGEMENT