Nonprofit · EIN 22-1151205
INDEPENDENT INSURANCE AGENTS OF NJ
Tax-exempt · TRENTON, NJ 08619
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $1,877,877 | $1,529,800 | $348,077 | $4,460,816 | $0 | $4,460,816 |
| August 31, 2024 | 990 | $1,313,379 | $1,435,486 | -$122,107 | $4,112,739 | $0 | $4,112,739 |
| August 31, 2023 | 990 | $1,168,936 | $1,405,829 | -$236,893 | $4,234,846 | $0 | $4,234,846 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $651,928
- Investment income
- $660,367
- Net gain from sales of assets
- $530,545
- Other revenue
- $565,582
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $160,000
- Other salaries and wages
- $428,858
- Salaries, compensation and benefits (total)
- $635,991
- Professional fundraising fees
- $0
- Accounting fees
- $23,580
- Occupancy
- $29,520
- Depreciation
- $76
- Program services (functional)
- $458,224
- Management and general (functional)
- $1,071,576
Balance sheet and other
- Total assets, start of year
- $4,112,739
- Total assets, end of year
- $4,460,816
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,460,816
- Publicly traded securities
- $4,070,314
- Net assets without donor restrictions
- $4,462,629
- Net assets with donor restrictions
- -$1,813
- Gross receipts
- $6,391,062
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1893
- State of legal domicile
- NJ
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 |
|---|---|---|---|
| Michael L Razze Jr | President & CEO Officer | 40 | $160,000 |
| Christopher P O'Neill | Chairman Trustee or director, Officer | 1 | $0 |
| Kristin Ryan | Vice Chairman/Treasurer Trustee or director, Officer | 1 | $0 |
| Gerald F Ford III | National Director Trustee or director, Officer | 1 | $0 |
| Harold W Soden Jr | Immediate Past Chairman Trustee or director, Officer | 0 | $0 |
| Jeff Wyrsch | Director Trustee or director | 0 | $0 |
| David J Strout Jr | Director Trustee or director | 0 | $0 |
| Robert D Hess | Director Trustee or director | 0 | $0 |
| Leland S Stanford | Director Trustee or director | 0 | $0 |
| Scott Caughlan | Director Trustee or director | 0 | $0 |
| Jacki Frank | Director Trustee or director | 0 | $0 |
| Matthew Hill | Director Trustee or director | 0 | $0 |
| Ramiro Martinez-Anillo | Director Trustee or director | 0 | $0 |
| Jamie Nielsen | Director Trustee or director | 0 | $0 |
| Annmarie Westerfield | Director Trustee or director | 0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| George Zelhof | Director Trustee or director | 0 | $0 |
| Kevin Shannon | Director Trustee or director | 0 | $0 |
| Glen Watkins | Director Trustee or director | 0 | $0 |
| Alicia Pierson | Director Trustee or director | 0 | $0 |
990 for the year ended August 31, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael L Razze Jr | President & CEO Officer | 40 | $160,487 |
| Christopher P O'Neill | Chairman Trustee or director, Officer | 1 | $3,600 |
| Kristin Ryan | Vice Chairman/Treasurer Trustee or director, Officer | 1 | $1,800 |
| Gerald F Ford III | National Director Trustee or director, Officer | 1 | $1,200 |
| Harold W Soden Jr | Immediate Past Chairman Trustee or director, Officer | 1 | $1,200 |
| Jeff Wyrsch | Director Trustee or director | 0 | $0 |
| David J Strout Jr | Director Trustee or director | 0 | $0 |
| Robert D Hess | Director Trustee or director | 0 | $0 |
| Leland S Stanford | Director Trustee or director | 0 | $0 |
| Scott Caughlan | Director Trustee or director | 0 | $0 |
| Jacki Frank | Director Trustee or director | 0 | $0 |
| Matthew Hill | Director Trustee or director | 0 | $0 |
| Ramiro Martinez-Anillo | Director Trustee or director | 0 | $0 |
| Jamie Nielsen | Director Trustee or director | 0 | $0 |
| Annmarie Westerfield | Director Trustee or director | 0 | $0 |
| George Zelhof | Director Trustee or director | 0 | $0 |
| Kevin Shannon | Director Trustee or director | 0 | $0 |
| Glen Watkins | Director Trustee or director | 0 | $0 |
| Alicia Pierson | Director Trustee or director | 0 | $0 |
990 for the year ended August 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael L Razze Jr | President & CEO Officer | 40 | $166,791 |
| Christopher P O'Neill | Chairman Trustee or director, Officer | 1 | $3,600 |
| Kristin Ryan | Vice Chairman/Treasurer Trustee or director, Officer | 1 | $1,800 |
| Gerald F Ford III | National Director Trustee or director, Officer | 1 | $1,200 |
| Harold W Soden Jr | Immediate Past Chairman Trustee or director, Officer | 0 | $0 |
| Jeff Wyrsch | Director Trustee or director | 0 | $0 |
| David J Strout Jr | Director Trustee or director | 0 | $0 |
| Robert D Hess | Director Trustee or director | 0 | $0 |
| Leland S Stanford | Director Trustee or director | 0 | $0 |
| Scott Caughlan | Director Trustee or director | 0 | $0 |
| Jacki Frank | Director Trustee or director | 0 | $0 |
| Matthew Hill | Director Trustee or director | 0 | $0 |
| Ramiro Martinez-Anillo | Director Trustee or director | 0 | $0 |
| Jamie Nielsen | Director Trustee or director | 0 | $0 |
| Annmarie Westerfield | Director Trustee or director | 0 | $0 |
| George Zelhof | Director Trustee or director | 0 | $0 |
| Kevin Shannon | Director Trustee or director | 0 | $0 |
| Glen Watkins | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2211 WHITEHORSE-MERCERVILLE RD, TRENTON, NJ 08619-2600
- In care of
- %
- Mailing address (990-N for 2008)
- The Barclay Group, 202 Broad St, Riverton NJ 08077
- Principal officer (990 for 2024)
- Michael L Razze, 2211 Whitehorse-Mercerville Road, Trenton, NJ 086192600
- Principal officer (990-N for 2008)
- Michael McCarthy, The Barclay Group, 202 Broad st, Riverton NJ 08053
- Signed the 990
- Michael L Razze, President & CEO
- Phone
- (609) 587-4333
- Website
- www.biginj.org
- Return prepared by
- Mandel Fekete & Bloom CPAs
Mission
The Independent Insurance Agents of New Jersey was founded to promote and uphold the principles and practices of the American Independent Insurance Agency system and advance the independent insurance agency system through advocacy and professionalism while supporting member success in serving our communities with excellence.
Program accomplishments
- Trusted ChoiceExpenses $182,003
- Educational CoursesExpenses $43,337
- Annual Meeting $ 161748Young Agents Committee $ 29183Membership Development $ 7186Scholarship Awards $ 0Women's Conferance $ 21745Expenses $219,862
- PAC Fund $13022Expenses $13,022
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
- 22-1151205
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,460,816
- Income (IRS master file)
- $6,391,062
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $1,877,877 | $1,529,800 | $4,460,816 | XML |
| 990 | August 2024 | $1,313,379 | $1,435,486 | $4,112,739 | XML |
| 990 | August 2023 | $1,168,936 | $1,405,829 | $4,234,846 | XML |
| 990 | August 2022 | $772,064 | $1,235,326 | $4,471,739 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990-N for 2008 Officer: Michael McCarthy | August 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
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 22-1151205).
Questions about INDEPENDENT INSURANCE AGENTS OF NJ
- What is the EIN of INDEPENDENT INSURANCE AGENTS OF NJ?
- The employer identification number (EIN) of INDEPENDENT INSURANCE AGENTS OF NJ is 22-1151205.
- Is INDEPENDENT INSURANCE AGENTS OF NJ tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1943.
- Are donations to INDEPENDENT INSURANCE AGENTS OF NJ tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDEPENDENT INSURANCE AGENTS OF NJ 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 NJ 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 NJ 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 INDEPENDENT INSURANCE AGENTS OF NJ?
- The 990 for the year ended August 31, 2025 names Michael L Razze.
- Who are the officers and directors of INDEPENDENT INSURANCE AGENTS OF NJ?
- The 990 for the year ended August 31, 2025 lists 19 people; 1 received compensation from the organization, the highest $160,000 (Michael L Razze Jr, President & CEO).
- How much revenue does INDEPENDENT INSURANCE AGENTS OF NJ have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $1,877,877, expenses of $1,529,800 and total assets of $4,460,816 at year end.
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