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INSURANCE BROKERS ASSOCIATION OF THE STATE OF NEW YORK INC

ALBANY, NY · EIN 135157170 · Form 990 · FY2024 · Small ($100K-$1M) · ibany.org
revenue
$242K
expenses
$235K
net assets
$96K
employees
0
volunteers
20
program ratio
0%
mission · from form 990

TO PROVIDE ADVOCACY, PROFESSIONAL DEVELOPMENT, NETWORKING, AND EDUCATIONAL OPPORTUNITIES FOR THE PROFESSION

profile · synthesized from sources

Insurance trade association serving the state of New York that provides advocacy, professional development, networking, and educational opportunities for insurance brokers and related professionals. Represents retail and wholesale brokers, carriers, and professional service firms across the state. Organizes events, offers discounted continuing education, and recognizes emerging leaders in the industry.

named programs · 3 · from sources

What they call their work

Emerging Leader of the Year
Recognition program honoring early-career professionals in retail, wholesale, and associate member categories; includes public profiles and awards
IBANY Committees and Leadership
Provides opportunities for members to serve on committees, hold board positions, and participate in governance
IBANY Education Programs
Offers discounted CEU courses, scholarships, and educational events for members
activities · 7 groups

What they do

  • Professional Networking Events 2 activities
    • Networking and member engagement events
      Organizes and hosts an annual calendar of in-person and virtual events including receptions, breakfasts, golf classics, and recognition ceremonies to foster professional relationships among insurance brokers in New York.
    • Support for community service and professional relationship building
      Creates opportunities for members to engage in community service and strengthen professional networks across the insurance brokerage sector in New York.
  • Insurance Industry Trade Association 1 activity
    • Advocacy for insurance brokers in New York
      Represents the interests of the New York Metro insurance marketplace and advocates on behalf of insurance brokers at the state level.
  • Industry and Community Recognition Awards 1 activity
    • Emerging Leaders program and recognition initiative
      Operates a program to identify, recognize, and develop rising professionals in the insurance industry through a biennial celebration, blind selection of Leaders of the Year, and awards that include trophies and complimentary access to IBANY programs.
  • Insurance & Risk Management Professional Development 1 activity
    • Facilitation of white paper publishing for members
      Supports members in publishing white papers, contributing to thought leadership and knowledge sharing within the insurance industry.
  • Organizational Governance & Leadership Development 1 activity
    • Member-driven committees and leadership opportunities
      Facilitates member participation in governance and leadership through committees such as the Communications Committee and other board-level roles, enabling active contribution to the organization’s mission and operations.
  • Professional Certification and Continuing Education 1 activity
    • Professional development and education programs for members
      Offers continuing education units (CEUs), educational programs, scholarships, and exclusive learning platforms to support the professional growth of insurance brokers.
  • Membership Program Administration 1 activity
    • Provision of event benefits and sponsorships for members
      Offers complimentary reception tickets based on membership level and provides one-time sponsorship credits for IBANY events to wholesale broker members.
financials · form 990 · fy2024
revenue
Total revenue$242K
Contributions & grants$114K47%
Program service revenue$128K53%
Investment income$00%
Other revenue$0
expenses
Total expenses$235K
Program expenses0%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$3K
Largest expense lineProfessional Fees
balance sheet
Total assets$113K
Cash$105K
Investments$0
Liabilities$17K
Net assets$96K
Liquid reserves5.3 mo
4 years on record · 2020–2024 · YoY revenue -23.2%
leadership · form 990 part vii · fy2024

Who runs it

board members · 10
  • AMY KANSAY — DIRECTOR
  • DOUGLAS FENNIMAN — PRESIDENT
  • ELIZABETH HECK — DIRECTOR
  • F MICHAEL CONTE — SEC/TREASURER
  • GORDON REID-ROBERTSON — VICE PRESIDENT
  • JIM MANNINO — DIRECTOR
  • MARIA TREGLIA — DIRECTOR
  • PAUL ROVELLI — DIRECTOR
  • RENEE MCFADDEN — IMM PAST PRES
  • YIANA STAVRAKIS — DIRECTOR
relationships · 23

Who they work with

  • ARC Excess & Surplus Partner — Committee member Maria Treglia is affiliated with ARC Excess & Surplus.
  • Belfor Property Restoration Partner — Committee member Wayne Woods is affiliated with Belfor Property Restoration.
  • Big I Tri-County Network — Organization where individual serves as board member.
  • CIBGNY Network — Organization where individual serves as executive vice president.
  • Carrier companies Partner — Includes carrier companies as associate members within the brokerage community
  • ChristinaLucas.com Partner — Co-chair of the Program Committee is affiliated with ChristinaLucas.com.
  • Excess Casualty Partner — Committee member Caitlyn Rosa is affiliated with Excess Casualty.
  • Five Iron - Grand Central NYC Partner — Venue partner for the 1st Annual IBANY Golf Classic.
  • HUB International Northeast Partner — Employer of 2024 Insurance Person of the Year honoree Linda Merenguelli.
  • IBANY Network — Member organization participating in leadership and committee roles.
  • IBANY member companies Network — Member companies nominate Emerging Leaders from their organizations and participate in the recognition program.
  • Managing General Agents Partner — Includes managing general agents as wholesale broker members who broker more than 50% of business
  • NYAIP Network — Organization where individual serves as alternate member.
  • NYCAIW Partner — Co-hosted a Mix and Mingle event in 2018.
  • Professional Service Members Partner — Includes organizations associated with the brokerage community as professional service members
  • Program Brokerage Partner — Committee member Nick Biondo is affiliated with Program Brokerage.
  • St. John's University Partner — Affiliated through featured speaker Hank Watkins, Executive Director of the Greenberg School of Risk Management.
  • Synapse LLC Partner — Committee member David Boren is affiliated with Synapse LLC.
  • The Hartford Partner — Committee member Kyle Matthews is affiliated with The Hartford.
  • Union League Club Partner — Hosted the 2026 Spring Reception at its venue.
  • Union League Club Partner — Venue partner for the Holiday CEO Breakfast and Annual Spring Reception.
  • Westfield Specialty Insurance Partner — Co-chair of the Program Committee is affiliated with Westfield Specialty Insurance.
  • YIPs Network — Organization where individual serves as board member.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Equity Through Inclusive Education and Representation
    methodology: advocacy_for_inclusivity
    By incorporating diverse member input into educational content and leadership selection and by advancing DEI-focused programming, the organization fosters structural change in the industry because inclusive processes and visible recognition of diverse leaders produce a more equitable and representative profession.
  • Professional Association Model with Integrated Advocacy and Education
    methodology: professional-association-model
    By providing integrated services in advocacy, education, professional development, and networking, the organization advances the insurance brokerage profession and strengthens industry representation because sustained member engagement through comprehensive support systems produces collective professional growth and systemic influence.