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Insurance Agents & Brokers Of Maryland Inc

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$438k (2024)

Expenses
$420k (2024)

Total Assets
$1.17M (2024)

Total Liabilities
$670k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending March
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$437,976
Expenses
$419,814
Net Income
$18,162
Net Assets
$494,936
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $284,435
64.9%
Investment Income $17,746
4.1%
Bond Proceeds $0
Royalties $114,191
26.1%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,904
Net Inventory Sales $0
Other Revenue $25,508
5.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,165,241
Total Liabilities $670,305
Net Assets $494,936
Compensation
Key Employees and Officers Compensation Related Other
Greg Bennett (Director) $0 $0 $0
Michael Papa (Director) $0 $0 $0
Kent Reynolds (Director) $0 $0 $0
Mike Thomas (Chair Of Boa) $0 $0 $0
Jason F Ernest (President &) $0 $0 $0
Keith E Foster (Treasurer &) $0 $0 $0
Timothy A Wonder (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending March
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$375,860
Expenses
$390,738
Net Income
-$14,878
Net Assets
$444,550
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $269,643
71.7%
Investment Income $12,173
3.2%
Bond Proceeds $0
Royalties $103,969
27.7%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$9,925
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,001,078
Total Liabilities $556,528
Net Assets $444,550
Compensation
Key Employees and Officers Compensation Related Other
Greg Bennett (Director) $0 $0 $0
Michael Papa (Chair Of Boa) $0 $0 $0
Kent Reynolds (Director) $0 $0 $0
Mike Thomas (Director) $0 $0 $0
Jason F Ernest (President &) $0 $0 $0
Keith E Foster (Treasurer &) $0 $0 $0
Timothy A Wonder (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending March
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$443,664
Expenses
$421,550
Net Income
$22,114
Net Assets
$472,814
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $294,571
66.4%
Investment Income $17,350
3.9%
Bond Proceeds $0
Royalties $108,700
24.5%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $23,043
5.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,097,058
Total Liabilities $624,244
Net Assets $472,814
Compensation
Key Employees and Officers Compensation Related Other
Greg Bennett (Director) $0 $0 $0
Michael Papa (Chair Of Boa) $0 $0 $0
Kent Reynolds (Director) $0 $0 $0
Mike Thomas (Director) $0 $0 $0
Jason F Ernest (President &) $0 $0 $0
Keith E Foster (Treasurer &) $0 $0 $0
Timothy A Wonder (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending March
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$433,900
Expenses
$404,833
Net Income
$29,067
Net Assets
$479,370
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,788
0.4%
Program Services $303,500
69.9%
Investment Income $16,221
3.7%
Bond Proceeds $0
Royalties $102,466
23.6%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,925
2.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,099,228
Total Liabilities $619,858
Net Assets $479,370
Compensation
Key Employees and Officers Compensation Related Other
Greg Bennett (Director) $0 $0 $0
Bryan C Hanes (Director) $0 $0 $0
Michael Papa (Chair Of Boa) $0 $0 $0
Bradley Rosenkilde (Director) $0 $0 $0
Jason F Ernest (President &) $0 $0 $0
Keith E Foster (Treasurer &) $0 $0 $0
Timothy A Wonder (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending March
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$489,794
Expenses
$460,580
Net Income
$29,214
Net Assets
$381,930
Notable Sources of Revenue Percent of Total Revenue
Contributions $386
0.1%
Program Services $353,301
72.1%
Investment Income $14,224
2.9%
Bond Proceeds $0
Royalties $86,912
17.7%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $34,971
7.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,055,307
Total Liabilities $673,377
Net Assets $381,930
Compensation
Key Employees and Officers Compensation Related Other
Michael P Ertel (Pia Ntl Dire) $0 $0 $0
Bryan C Hanes (Chair Of Boa) $0 $0 $0
Michael Papa (Director) $0 $0 $0
Bradley Rosenkilde (Director) $0 $0 $0
Jason F Ernest (President &) $0 $0 $0
Keith E Foster (Treasurer &) $0 $0 $0
Timothy A Wonder (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending March
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$490,936
Expenses
$492,510
Net Income
-$1,574
Net Assets
$412,692
Notable Sources of Revenue Percent of Total Revenue
Contributions $30
0.0%
Program Services $375,601
76.5%
Investment Income $11,834
2.4%
Bond Proceeds $0
Royalties $91,067
18.5%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,404
2.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,706,692
Total Liabilities $1,294,000
Net Assets $412,692
Compensation
Key Employees and Officers Compensation Related Other
Glenn R Strachan (Director) $0 $0 $0
Bryan C Hanes (Director) $0 $0 $0
Bradley Rosenkilde (Chair Of Boa) $0 $0 $0
Michael P Ertel (Director) $0 $0 $0
Jason F Ernest (President &) $0 $0 $0
Keith E Foster (Treasurer &) $0 $0 $0
Timothy A Wonder (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending March
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$532,854
Expenses
$514,819
Net Income
$18,035
Net Assets
$428,579
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $407,261
76.4%
Investment Income $11,198
2.1%
Bond Proceeds $0
Royalties $106,994
20.1%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,401
1.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,210,571
Total Liabilities $781,992
Net Assets $428,579
Compensation
Key Employees and Officers Compensation Related Other
Glenn R Strachan (Director) $0 $0 $0
Bryan C Hanes (Chair Of Boa) $0 $0 $0
Bradley Rosenkilde (Vice Chair O) $0 $0 $0
Michael P Ertel (Director) $0 $0 $0
Jason F Ernest (President &) $0 $0 $0
Keith E Foster (Treasurer) $0 $0 $0
Timothy A Wonder (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending March
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$614,018
Expenses
$612,520
Net Income
$1,498
Net Assets
$398,755
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $481,344
78.4%
Investment Income $7,062
1.2%
Bond Proceeds $0
Royalties $107,818
17.6%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $17,794
2.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $646,555
Total Liabilities $247,800
Net Assets $398,755
Compensation
Key Employees and Officers Compensation Related Other
Glenn R Strachan (Chair Of Boa) $0 $0 $0
Bryan C Hanes (Vice Chair O) $0 $0 $0
Craig S Mader (Director) $0 $0 $0
Michael P Ertel (Director) $0 $0 $0
Frederick E Russell Ii (President) $0 $0 $0
Jason F Ernest (Secretary) $0 $0 $0
Keith E Foster (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending March
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$608,075
Expenses
$611,154
Net Income
-$3,079
Net Assets
$394,536
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $448,040
73.7%
Investment Income $7,297
1.2%
Bond Proceeds $0
Royalties $143,376
23.6%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,362
1.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $612,770
Total Liabilities $218,234
Net Assets $394,536
Compensation
Key Employees and Officers Compensation Related Other
Craig S Mader (Chair Of Boa) $0 $0 $0
Glenn R Strachan (Vice Chair O) $0 $0 $0
Michael P Ertel (Director) $0 $0 $0
Bryan C Hanes (Director) $0 $0 $0
Frederick E Russell Ii (President) $0 $0 $0
Jason F Ernest (Secretary) $0 $0 $0
Keith E Foster (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending March
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$635,403
Expenses
$652,358
Net Income
-$16,955
Net Assets
$418,916
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $483,690
76.1%
Investment Income $7,893
1.2%
Bond Proceeds $0
Royalties $139,973
22.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,847
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $708,810
Total Liabilities $289,894
Net Assets $418,916

Document Links

Fiscal Year Ending March
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$628,929
Expenses
$640,994
Net Income
-$12,065
Net Assets
$434,046
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $508,618
80.9%
Investment Income $9,500
1.5%
Bond Proceeds $0
Royalties $107,914
17.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,897
0.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $684,166
Total Liabilities $250,120
Net Assets $434,046

Document Links

Fiscal Year Ending March
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$651,749
Expenses
$645,500
Net Income
$6,249
Net Assets
$435,050
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $524,142
80.4%
Investment Income $9,411
1.4%
Bond Proceeds $0
Royalties $102,902
15.8%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $15,294
2.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $665,107
Total Liabilities $230,057
Net Assets $435,050

Document Links

Fiscal Year Ending March
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$652,123
Expenses
$655,464
Net Income
-$3,341
Net Assets
$428,985
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $528,838
81.1%
Investment Income $8,296
1.3%
Bond Proceeds $0
Royalties $102,412
15.7%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,577
1.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $680,805
Total Liabilities $251,820
Net Assets $428,985

Document Links

Fiscal Year Ending March
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$665,251
Expenses
$674,353
Net Income
-$9,102
Net Assets
$444,005
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $556,012
83.6%
Investment Income $7,575
1.1%
Bond Proceeds $0
Royalties $100,117
15.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,547
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $688,204
Total Liabilities $244,199
Net Assets $444,005

Document Links

Fiscal Year Ending March
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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