Nonprofit · EIN 39-0711474
INDEPENDENT INSURANCE AGENTS OF WISCONSIN
Tax-exempt · MADISON, WI 53713
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $1,848,674 | $1,840,206 | $8,468 | $3,393,723 | $642,783 | $2,750,940 |
| August 31, 2024 | 990 | $1,955,423 | $1,898,878 | $56,545 | $3,225,668 | $660,055 | $2,565,613 |
| August 31, 2023 | 990 | $1,708,569 | $1,680,334 | $28,235 | $2,904,620 | $587,299 | $2,317,321 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,198,204
- Investment income
- $73,850
- Net rental income
- $9,393
- Other revenue
- $576,620
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $647,041
- Other salaries and wages
- $177,515
- Salaries, compensation and benefits (total)
- $980,173
- Professional fundraising fees
- $0
- Legal fees
- $67,746
- Accounting fees
- $17,775
- Occupancy
- $83,334
- Travel
- $5,535
- Depreciation
- $18,282
Balance sheet and other
- Total assets, start of year
- $3,225,668
- Total assets, end of year
- $3,393,723
- Total liabilities, end of year
- $642,783
- Net assets, end of year
- $2,750,940
- Land, buildings and equipment
- $170,394
- Publicly traded securities
- $1,749,663
- Net assets without donor restrictions
- $2,750,940
- Gross unrelated business income
- $143,133
- Gross receipts
- $1,851,946
- Employees
- 10
- Volunteers
- 80
- Year formed
- 1950
- State of legal domicile
- WI
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 | Other / benefits |
|---|---|---|---|---|
| MATTHEW BANASZYNSKI | CHIEF EXECUTIVE OFFICER Officer | 53 | $408,301 | $60,716 |
| MALLORY CORNELL | EXECUTIVE VICE PRESIDENT (THRU MAY) Officer | 10 | $141,705 | $31,376 |
| DAN LAU | PRESIDENT (FROM NOVEMBER) Trustee or director, Officer | 4 | $0 | $0 |
| JOANNE SZYMASZEK | PRESIDENT (THRU OCTOBER) Trustee or director, Officer | 4 | $0 | $0 |
| MIKE HARRISON | SECRETARY - TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| MICHAEL ANSAY | CHAIRMAN OF THE BOARD OF DIRECTORS Trustee or director, Officer | 4 | $0 | $0 |
| NICK ARNOLDY | STATE-NATIONAL DIRECTOR Trustee or director, Officer | 4 | $0 | $0 |
| BETH DELAFOREST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON KNOCKEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREA NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD REITZNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANEL BAZAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM COOLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX KIHSLINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEAN FITZGERALD | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended August 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW BANASZYNSKI | CHIEF EXECUTIVE OFFICER Officer | 53 | $368,077 | $55,960 |
| MALLORY CORNELL | EXECUTIVE VICE PRESIDENT Officer | 40 | $131,252 | $33,782 |
| MICHAEL ANSAY | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| JOANNE LUKAS SZYMASZEK | VICE-PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| DAN LAU | SECRETARY - TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| NICK ARNOLDY | CHAIRMAN OF THE BOARD OF DIRECTORS Trustee or director, Officer | 4 | $0 | $0 |
| STEVE LEITCH | STATE-NATIONAL DIRECTOR Trustee or director, Officer | 4 | $0 | $0 |
| JANEL BAZAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE HARRISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AARON MARSH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH DELAFOREST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON KNOCKEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREA NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD REITZNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended August 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW BANASZYNSKI | CHIEF EXECUTIVE DIRECTOR Officer | 53 | $345,533 | $55,222 |
| MALLORY CORNELL | VICE PRESIDENT Officer | 40 | $115,881 | $33,466 |
| NICK ARNOLDY | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| MIKE ANSAY | PRESIDENT ELECT Trustee or director, Officer | 4 | $0 | $0 |
| JOANNE LUKAS SZYMASZEK | SECRETARY - TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| MARC PETERSEN | CHAIRMAN OF THE BOARD Trustee or director, Officer | 4 | $0 | $0 |
| STEVE LEITCH | STATE NATIONAL DIRECTOR Trustee or director, Officer | 4 | $0 | $0 |
| JANEL BAZAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE HARRISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AARON MARSH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KASH MOTLANI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN LAU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREA NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD REITZNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 725 JOHN NOLEN DR, MADISON, WI 53713-1421
- Principal officer (990 for 2024)
- MATTHEW BANASZYNSKI, 725 JOHN NOLEN DRIVE, MADISON, WI 53713
- Signed the 990
- MATTHEW BANASZYNSKI, CHIEF EXECUTIVE OFFICER
- Phone
- (608) 256-4429
- Website
- IIAW.COM
- Return prepared by
- WEGNER CPAS LLP
Mission
INDEPENDENT INSURANCE AGENTS OF WISCONSIN, INC. (IIAW)'S MISSION IS TO PROVIDE OUR MEMBERS WITH A SUSTAINABLE, COMPETITIVE ADVANTAGE WHEREAS PROMOTING AND REPRESENTING THEIR COMMON BUSINESS INTERESTS BY WORKING TO FULFILL THEIR EDUCATIONAL, POLITICAL AND BUSINESS NEEDS, WHILE SERVING THE PUBLIC'S BEST INTERESTS.
Program accomplishments
- AGENT SERVICES - IIAW OFFERS SEVERAL TYPES OF AGENT SERVICES TO ITS MEMBERS: AN INSURANCE PROGRAM THAT OFFERS ERRORS AND OMISSIONS, DATA BREACH AND EMPLOYMENT PRACTICES LIABILITY INSURANCE, AND RISK MANAGEMENT AND AGENCY ACCOUNTING SERVICES.
- ANNUAL CONVENTION - IIAW HOLDS AN ANNUAL CONVENTION, INSURCON, WITH KEYNOTE SPEAKERS, PANELS, PRESENTERS, AND EXHIBITORS TO HELP PROMOTE MEMBER ACTIVITIES AND DISCUSS CHANGES TO THE INSURANCE INDUSTRY.
- AGENT TRAINING - IIAW PROVIDES TRAININGS AND SEMINARS THROUGHOUT THE YEAR TO PROMOTE THE PROLIFERATION OF ETHICAL AND EDUCATIONAL DATA TO ITS MEMBERS.
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
- 39-0711474
- 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)
- $3,393,723
- Income (IRS master file)
- $1,851,946
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $1,848,674 | $1,840,206 | $3,393,723 | XML |
| 990 | August 2024 | $1,955,423 | $1,898,878 | $3,225,668 | XML |
| 990 | August 2023 | $1,708,569 | $1,680,334 | $2,904,620 | XML |
| 990 | August 2022 | $1,172,993 | $1,110,206 | $2,740,637 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | 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 39-0711474).
Questions about INDEPENDENT INSURANCE AGENTS OF WISCONSIN
- What is the EIN of INDEPENDENT INSURANCE AGENTS OF WISCONSIN?
- The employer identification number (EIN) of INDEPENDENT INSURANCE AGENTS OF WISCONSIN is 39-0711474.
- Is INDEPENDENT INSURANCE AGENTS OF WISCONSIN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1943.
- Are donations to INDEPENDENT INSURANCE AGENTS OF WISCONSIN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDEPENDENT INSURANCE AGENTS OF WISCONSIN 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 WISCONSIN 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 WISCONSIN 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 WISCONSIN?
- The 990 for the year ended August 31, 2025 names MATTHEW BANASZYNSKI.
- Who are the officers and directors of INDEPENDENT INSURANCE AGENTS OF WISCONSIN?
- The 990 for the year ended August 31, 2025 lists 15 people; 2 received compensation from the organization, the highest $408,301 (MATTHEW BANASZYNSKI, CHIEF EXECUTIVE OFFICER).
- How much revenue does INDEPENDENT INSURANCE AGENTS OF WISCONSIN have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $1,848,674, expenses of $1,840,206 and total assets of $3,393,723 at year end.
Other nonprofits in MADISON
- UNIVERSITY OF WISCONSIN FOUNDATION EIN 39-0743975 · last filed 990 for 2025
- MERITER HOSPITAL INC EIN 39-0806367 · last filed 990 for 2024
- GROUP HEALTH COOPERATIVE OF SOUTH CENTRAL WI EIN 39-1199466 · last filed 990 for 2024
- WISCONSIN COUNTIES ASSOCIATION GROUP HEALTH TR EIN 39-1692308 · last filed 990 for 2024
- WISCONSIN ALUMNI RESEARCH FOUNDATION EIN 39-0833612 · last filed 990 for 2025
- ASCENDIUM EDUCATION SOLUTIONS INC EIN 39-1853833 · last filed 990 for 2025
- TELEPHONE AND DATA SYSTEMS INC EMPLOYEES BENEFIT TRUST EIN 36-3930160 · last filed 990 for 2024
- ASCENDIUM EDUCATION GROUP INC EIN 39-1090394 · last filed 990 for 2025