NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS (EIN 53-0232489)
- Tax period
- 2014-09-01 to 2015-08-31
- Filed
- 2016-05-27
- IRS object ID
- 201611489349300211
- Schema version
- 2014v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-05-27T09:03:12-05:00 | ReturnTs |
| Tax Period End | 2015-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 521511275 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RAFFA PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1899 L STREET NW SUITE 850 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 530232489 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL ASSOCIATION OF INSURANCE AND | BusinessNameLine1Txt |
| Business Name Line2 | FINANCIAL ADVISORS | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NATI | BusinessNameControlTxt |
| Phone | 7037708100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2901 TELESTAR COURT | AddressLine1Txt |
| City | FALLS CHURCH | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22042 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEVIN M MAYEUX | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 7037708100 | PhoneNum |
| Signature | 2016-05-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | FRANK H SMITH | PreparerPersonNm |
| PTIN | P00639053 | PTIN |
| Phone | 2028225000 | PhoneNum |
| Preparation | 2016-05-18 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KEVIN M MAYEUX | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2901 TELESTAR COURT | AddressLine1Txt |
| City | FALLS CHURCH | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $15,168,123 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.NAIFA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1921 | FormationYr |
| Legal Domicile State | DC | LegalDomicileStateCd |
| Activity Or Mission | ADVOCATE FOR A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT, ENHANCE BUSINESS AND PROFESSIONAL SKILLS, AND PROMOTE THE ETHICAL CONDUCT OF OUR MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 64 | TotalEmployeeCnt |
| Total Volunteers | 163 | TotalVolunteersCnt |
| Total Gross UBI | $115,071 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $461,900 | PYContributionsGrantsAmt |
| CY Contributions Grants | $482,750 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $12,414,226 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $11,761,023 | CYProgramServiceRevenueAmt |
| PY Investment Income | $133,412 | PYInvestmentIncomeAmt |
| CY Investment Income | $130,049 | CYInvestmentIncomeAmt |
| PY Other Revenue | $355,372 | PYOtherRevenueAmt |
| CY Other Revenue | $167,744 | CYOtherRevenueAmt |
| PY Total Revenue | $13,364,910 | PYTotalRevenueAmt |
| CY Total Revenue | $12,541,566 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $10,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,325,111 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,341,653 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,205,292 | PYOtherExpensesAmt |
| CY Other Expenses | $6,468,512 | CYOtherExpensesAmt |
| PY Total Expenses | $12,540,403 | PYTotalExpensesAmt |
| CY Total Expenses | $12,810,165 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $824,507 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$268,599 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $8,715,937 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,520,541 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $7,757,635 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,071,859 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $958,302 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,448,682 | NetAssetsOrFundBalancesEOYAmt |
| Mission | ADVOCATE FOR A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT, ENHANCE BUSINESS AND PROFESSIONAL SKILLS, AND PROMOTE THE ETHICAL CONDUCT OF OUR MEMBERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | LEGISLATION, REGULATION AND ETHICS - NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS (NAIFA) PROMOTES THE POSITION OF ITS MEMBERS ON ISSUES RELATING TO INSURANCE AND FINANCIAL SERVICES AT BOTH THE FEDERAL AND STATE LEVEL. NAIFA EFFORTS INCLUDE COORDINATION OF LOBBYING EFFORTS, GRASSROOTS PROGRAMS, PUBLIC RELATIONS AND POLITICAL EDUCATION. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SUPPORT OF STATE AND LOCAL MEMBERS - NAIFA PROVIDES PROGRAMS WHICH PROVIDE SUPPORT TO APPROXIMATELY 590 STATE AND LOCAL ASSOCIATIONS. AS THE NATIONAL ASSOCIATION, NAIFA WORKS TO ENSURE "BEST PRACTICES" AMONG ITS STATE AND LOCAL ASSOCIATIONS AND THAT THEY ARE INFORMED OF NAIFA INITIATIVES. THROUGH THE PROGRAM, NAIFA HAS WORKED TO IMPLEMENT STRATEGIC PLANS CONSISTING OF MARKETING, MEMBERSHIP, EDUCATION/PROFESSIONAL DEVELOPMENT, MEMBER BENEFIT AND LEGISLATIVE TARGETS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER BENEFITS AND PROFESSIONAL DEVELOPMENT - NAIFA OFFERS NUMEROUS PROFESSIONAL PROGRAMS AND PRODUCTS DESIGNED TO ENHANCE SKILLS AND PROVIDE VALUE-ADDED BUSINESS SERVICES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 22 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 64 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | Yes (1) | NondeductibleContributionsInd |
| Nondeductible Contri Discl | 0 | NondeductibleContriDisclInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JENNIFER CASSIDY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7037708100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2901 TELESTAR COURT | AddressLine1Txt |
| City | FALLS CHURCH | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22042 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| JULI Y MCNEELY LUTCFCFPCLU | |||||||||
| PRESIDENT | 15.00 | 0.30 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JULES O GAUDREAUJRCHFCCIC | |||||||||
| PRESIDENT-ELECT | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| JOHN F NICHOLS MSM CLU | |||||||||
| IMMEDIATE PAST PRESIDENT | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| ROBERT O SMITH CLUCHFCJD | |||||||||
| IMMEDIATE PAST PRES. (UNTIL 09/2014) | 10.00 | Yes (X) | Yes (X) | $1,199 | $0 | $0 | |||
| PAUL R DOUGHERTYLUTCFFSSHIA | |||||||||
| SECRETARY | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MATTHEW TASSEYCLUCHFCLUTCF | |||||||||
| TREASURER | 10.00 | 0.30 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DAVID A BEATY CLUCHFCLUTCF | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| KEVIN L BELL CLUCHFCJD | |||||||||
| DIRECTOR (UNTIL 09/2014) | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL O BROWN LUTCF | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT C BUXMAN LUTCF | |||||||||
| DIRECTOR (UNTIL 09/2014) | 1.00 | Yes (X) | $819 | $0 | $0 | ||||
| MICHAEL CONDREY CLU CHFC | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| TOM M COTHRON LUTCF | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $1,019 | $0 | $0 | ||||
| EDWARD C DEUTSCHLANDERCLFCLU | |||||||||
| DIRECTOR (UNTIL 09/2014) | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN S HOLMES III LUTCF | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MATTHEW S HUNTINGTONLUTCFCLU | |||||||||
| DIRECTOR (UNTIL 09/2014) | 1.00 | Yes (X) | $753 | $0 | $0 | ||||
| BROCK JOLLYCFPCLUCHFCCASL | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JILL M JUDD LUTCF FSS | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| LISA LAILBERTECLUCHFCCASL | |||||||||
| DIRECTOR (UNTIL 09/2014) | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL G NASHCLUCHFCLUTCF | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $1,005 | $0 | $0 | ||||
| CHARLES M OLSON CLUCHFC | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| GREGORY T TOSCANO LUTCF | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JAMES J VAN HAMCFPCLUCHFC | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| KEVIN M MAYEUX | |||||||||
| CEO (AS OF 07/2015) | 40.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUSAN B WATERS DM CAE | |||||||||
| CEO (UNTIL 12/2014) | 40.00 | Yes (X) | $398,497 | $0 | $16,301 | ||||
| PAUL C WESSEL | |||||||||
| VP- FINANCE & FACILITIES | 40.00 | Yes (X) | $215,412 | $0 | $8,224 | ||||
| MICHAEL GERBER JD | |||||||||
| GENERAL COUNSEL & VP HUMAN RESOURCES | 40.00 | $199,279 | $0 | $9,806 | Yes (X) | ||||
| WILLIAM ANDERSON | |||||||||
| SR. VP - GOV. REL. (UNTIL 04/2015) | 40.00 | $202,827 | $0 | $11,090 | Yes (X) | ||||
| DIANE BOYLE | |||||||||
| VP- FEDERAL GOVERNMENT RELATIONS | 40.00 | $203,237 | $0 | $13,765 | Yes (X) | ||||
| GARY SANDERS | |||||||||
| VP- SEC. & STATE GOV'T. RELATIONS | 40.00 | $182,054 | $0 | $11,459 | Yes (X) | ||||
| YASEMIN WASHINGTON BROWN | |||||||||
| VP- MEMBER. MKTG. & ASSOC. SERVICES | 40.00 | $165,501 | $0 | $8,170 | Yes (X) | ||||
| SHEILA OWENS | |||||||||
| VP - COMMUNICATIONS & MARKETING | 40.00 | $164,773 | $0 | $9,945 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,736,375 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $88,760 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 16 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| STEPTOE & JOHNSON LLP | |||||
| 1330 CONNECTICUT AVE NW | WASHINGTON | DC | 20036 | LEGAL/LEGISLATIVE CONSULTING | $368,856 |
| LOBBYDCCOM LLC | |||||
| 325 7TH ST NW SUITE 400 | WASHINGTON | DC | 20004 | LEGISLATIVE CONSULTING | $240,000 |
| DANEA KEHOE | |||||
| 3409 STONEYBRAE DR | FALLS CHURCH | VA | 22044 | LEGISLATIVE CONSULTING | $180,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $482,750 | AllOtherContributionsAmt |
| Total Contributions | $482,750 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| MEMBERSHIP DUES | 900099 | $10,676,510 | $10,676,510 | ||
| CONFERENCES/MEETINGS | 900099 | $687,268 | $547,770 | $11,200 | $128,298 |
| AWARDS | 900099 | $165,900 | $165,900 | ||
| SERVICES FEES | 900099 | $122,568 | $122,568 | ||
| EDUCATION AND PROF. DEV. | 900099 | $108,777 | $108,777 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $11,761,023 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $116,284 | TotalRevenueColumnAmt |
| Exclusion | $116,284 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $96,543 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $14,355 | UnrelatedBusinessRevenueAmt |
| Exclusion | $82,188 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,640,322 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,626,557 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $13,765 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,765 | TotalRevenueColumnAmt |
| Exclusion | $13,765 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| MISCELLANEOUS INCOME | 900099 | $101,577 | $101,577 | |
| SUBLEASE INCOME | 900099 | $63,503 | $63,503 | |
| AFFINITY PROGRAMS | 900004 | $55,780 | $55,780 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$149,659 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $33,736 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$183,395 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $71,201 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,541,566 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $11,621,525 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $115,071 | UnrelatedBusinessRevenueAmt |
| Exclusion | $322,220 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $690,825 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,389,473 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $334,999 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $570,159 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $356,197 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,982 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,812 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $827,456 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,422 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $250,440 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $224,635 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $803,095 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $341,584 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,053 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $933,784 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $631,694 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,045,618 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $146,670 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,234 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| DUES & SUBSCRIPTIONS | $495,652 |
| PAC ADMIN. EXP | $300,000 |
| TEMPORARY HELP | $176,029 |
| MISCELLANEOUS EXPENSE | $110,244 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,108 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,810,165 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $250 | BOYAmt |
| EOY | $250 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,218,343 | BOYAmt |
| EOY | $1,747,680 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $117,437 | BOYAmt |
| EOY | $137,667 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $786,762 | BOYAmt |
| EOY | $464,973 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,489,288 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,083,235 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $392,212 | BOYAmt |
| EOY | $406,053 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,573,634 | BOYAmt |
| EOY | $4,517,106 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$31,750 | BOYAmt |
| EOY | -$28,824 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $659,049 | BOYAmt |
| EOY | $1,275,636 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,715,937 | BOYAmt |
| EOY | $8,520,541 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $858,465 | BOYAmt |
| EOY | $890,931 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,703,289 | BOYAmt |
| EOY | $3,320,770 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,195,881 | BOYAmt |
| EOY | $2,860,158 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,757,635 | BOYAmt |
| EOY | $7,071,859 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $958,302 | BOYAmt |
| EOY | $1,448,682 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $958,302 | BOYAmt |
| EOY | $1,448,682 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,715,937 | BOYAmt |
| EOY | $8,520,541 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$268,599 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$185,666 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $944,645 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NAIFA PAC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2901 TELESTAR COURT | AddressLine1Txt |
| City | FALLS CHURCH | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520899774 | EIN |
| Paid Internal Funds | $0 | PaidInternalFundsAmt |
| Contributions Rcvd Dlvr | $13,627 | ContributionsRcvdDlvrAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | 0 | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | 0 | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | Yes (1) | AgreeCarryoverPriorYearInd |
| Dues Assessments | $10,676,510 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $2,663,267 | NonDeductibleLbbyngPltclCYAmt |
| Non Ded Lbbyng Pltcl Cyov | -$157,527 | NonDedLbbyngPltclCyovAmt |
| Non Deductible Lbbyng Pltcl Tot | $2,505,740 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $2,744,314 | AggregateReportedDuesNtcAmt |
| Carried Over | -$238,574 | CarriedOverAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-A, LINE 1: | FormAndLineReferenceDesc |
| Explanation | DURING THE YEAR ENDED AUGUST 31, 2015, NAIFA PROVIDED $300,000 OF ADMINSTRATIVE SUPPORT TO NAIFA PAC TO HELP COVER SALARIES AND OTHER ADMINSTRATIVE EXPENSES. NAIFA ITSELF DOES NOT ENDORSE CANDIDATES FOR PUBLIC OFFICE, NOR DOES IT EXPLICITLY ADVOCATE FOR THE ELECTION OR DEFEAT OF PARTICULAR CANDIDATES. | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $118,573 | OtherCostOrOtherBasisAmt |
| Depreciation | $17,221 | DepreciationAmt |
| Book Value | $101,352 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,741,611 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,571,936 | DepreciationAmt |
| Book Value | $169,675 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $629,104 | OtherCostOrOtherBasisAmt |
| Depreciation | $494,078 | DepreciationAmt |
| Book Value | $135,026 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $406,053 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DEPOSITS AND OTHER ASSETS | $292,346 |
| PENSION ASSET | $983,290 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,275,636 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED MEDICAL BENEFITS | $84,081 |
| DEFERRED GAIN ON SALE-LEASEBACK | $2,776,077 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,860,158 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FOR THE YEARS ENDED AUGUST 31, 2015 AND 2014, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION OR DISCLOSURE IN THESE CONSOLIDATED FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUSAN B WATERS DM CAE | ||||||||||||||
| CEO (UNTIL 12/2014) | $398,497 | $0 | $0 | $0 | $0 | $0 | $7,639 | $0 | $8,662 | $0 | $414,798 | $0 | $0 | $0 |
| PAUL C WESSEL | ||||||||||||||
| VP- FINANCE & FACILITIES | $215,412 | $0 | $0 | $0 | $0 | $0 | $5,186 | $0 | $3,038 | $0 | $223,636 | $0 | $0 | $0 |
| MICHAEL GERBER JD | ||||||||||||||
| GENERAL COUNSEL & VP HUMAN RESOURCES | $199,279 | $0 | $0 | $0 | $0 | $0 | $5,260 | $0 | $4,546 | $0 | $209,085 | $0 | $0 | $0 |
| WILLIAM ANDERSON | ||||||||||||||
| SR. VP - GOV. REL. (UNTIL 04/2015) | $202,827 | $0 | $0 | $0 | $0 | $0 | $3,657 | $0 | $7,433 | $0 | $213,917 | $0 | $0 | $0 |
| DIANE BOYLE | ||||||||||||||
| VP- FEDERAL GOVERNMENT RELATIONS | $203,237 | $0 | $0 | $0 | $0 | $0 | $6,377 | $0 | $7,388 | $0 | $217,002 | $0 | $0 | $0 |
| GARY SANDERS | ||||||||||||||
| VP- SEC. & STATE GOV'T. RELATIONS | $182,054 | $0 | $0 | $0 | $0 | $0 | $4,041 | $0 | $7,418 | $0 | $193,513 | $0 | $0 | $0 |
| YASEMIN WASHINGTON BROWN | ||||||||||||||
| VP- MEMBER. MKTG. & ASSOC. SERVICES | $165,501 | $0 | $0 | $0 | $0 | $0 | $3,624 | $0 | $4,546 | $0 | $173,671 | $0 | $0 | $0 |
| SHEILA OWENS | ||||||||||||||
| VP - COMMUNICATIONS & MARKETING | $164,773 | $0 | $0 | $0 | $0 | $0 | $4,986 | $0 | $4,959 | $0 | $174,718 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | NAIFA REIMBURSES ITS BOARD MEMBERS FOR COMPANION TRAVEL TO CERTAIN EVENTS. THIS TRAVEL EXPENSE IS TREATED AS TAXABLE INCOME TO BOARD MEMBERS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | FORM 990, PART VI, SECTION A, LINE 1A - THE NAIFA BOARD OF TRUSTEES ANNUALLY AUTHORIZES AN EXECUTIVE COMMITTEE TO EXERCISE ALL OF THE BOARD'S POWERS WHEN THE BOARD IS NOT IN SESSION. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE NAIFA PRESIDENT, PRESIDENT-ELECT, IMMEDIATE PAST PRESIDENT, SECRETARY, AND TREASURER. THE EXECUTIVE COMMITTEE IS REQUIRED TO REPORT ITS ACTIONS TO THE BOARD AT THE NEXT BOARD MEETING FOLLOWING SUCH ACTION, AND UNLESS DISAPPROVED BY THE BOARD AT SUCH NEXT MEETING THE EXECUTIVE COMMITTEE'S ACTIONS ARE FINAL AS THOUGH TAKEN BY THE BOARD. |
| FORM 990, PART VI, SECTION A, LINE 6 | NAIFA MEMBERS IN THE ACTIVE AND ASSOCIATE CLASSES HAVE THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. ACTIVE MEMBERS ARE INSURANCE AND FINANCIAL ADVISORS LICENSED TO SELL LIFE, HEALTH, AND/OR PROPERTY-CASUALTY INSURANCE. ACTIVE MEMBERS ARE ENTITLED TO VOTE FOR AND SEEK ELECTION OR APPOINTMENT AS MEMBERS OF THE NAIFA NATIONAL COUNCIL. ACTIVE MEMBERS WHO ARE MEMBERS OF THE NATIONAL COUNCIL, WHICH INCLUDES MEMBERS OF THE NAIFA BOARD OF TRUSTEES, PAST NAIFA PRESIDENTS, PAST ELECTED NAIFA TRUSTEES (FOR FIVE YEARS AFTER THEIR BOARD SERVICE), PRESIDENTS AND NATIONAL COMMITTEE PERSONS OF NAIFA'S STATE AND LOCAL ASSOCIATIONS (OR THEIR ALTERNATES), SPECIAL DELEGATES APPOINTED BY NAIFA'S STATE ASSOCIATIONS, AND CHAIRS OF NAIFA AFFILIATED UNITS AND STANDING COMMITTEES, ELECT THE NAIFA BOARD, VOTE ON PROPOSED RESOLUTIONS AND AMENDMENTS TO THE NAIFA BYLAWS, AND REVIEW DECISIONS OF THE NAIFA BOARD THAT ARE REFERRED TO THE NATIONAL COUNCIL. ASSOCIATE MEMBERS ARE INDIVIDUALS AFFILIATED WITH THE HOME OR AGENCY OFFICE OF A LIFE INSURANCE COMPANY OR WITH A PROFESSION OR OTHER BUSINESS RELATED TO LIFE INSURANCE. ASSOCIATE MEMBERS ARE ENTITLED TO VOTE FOR NAIFA LOCAL ASSOCIATION PRESIDENTS (AND IN SOME CASES, NAIFA LOCAL ASSOCIATION NATIONAL COMMITTEE PERSONS) WHO SERVE AS MEMBERS OF THE NAIFA NATIONAL COUNCIL. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE NAIFA NATIONAL COUNCIL ANNUALLY ELECTS THE OFFICERS AND TRUSTEES OF THE NAIFA BOARD OF TRUSTEES (TRUSTEES ARE ELECTED TO TWO-YEAR TERMS). THE MEMBERS OF THE NAIFA NATIONAL COUNCIL, EACH OF WHOM HAS ONE VOTE, ARE COMPRISED OF THE NAIFA BOARD, PAST NAIFA PRESIDENTS, PAST ELECTED NAIFA TRUSTEES (FOR FIVE YEARS AFTER THEIR BOARD SERVICE), PRESIDENTS AND NATIONAL COMMITTEE PERSONS OF NAIFA'S STATE AND LOCAL ASSOCIATIONS (OR THEIR ALTERNATIVES), SPECIAL DELEGATES APPOINTED BY NAIFA'S STATE ASSOCIATIONS, AND CHAIRS OF NAIFA AFFILIATED UNITS AND STANDING COMMITTEES. |
| FORM 990, PART VI, SECTION A, LINE 7B | DECISIONS OF THE NAIFA BOARD OF TRUSTEES ARE REFERRED TO THE NAIFA NATIONAL COUNCIL FOR FINAL DETERMINATION IF THE NAIFA SECRETARY RECEIVES A TIMELY PETITION SIGNED BY A MAJORITY OF NAIFA'S STATE ASSOCIATION PRESIDENTS WHICH REQUESTS THAT THE BOARD DECISION BE REFERRED TO THE NATIONAL COUNCIL. THE MEMBERS OF THE NAIFA NATIONAL COUNCIL, EACH OF WHOM HAS ONE VOTE, ARE COMPRISED OF THE NAIFA BOARD, PAST NAIFA PRESIDENTS, PAST ELECTED NAIFA TRUSTEES (FOR FIVE YEARS AFTER THEIR BOARD SERVICE), PRESIDENTS AND NATIONAL COMMITTEE PERSONS OF NAIFA'S STATE AND LOCAL ASSOCIATIONS (OR THEIR ALTERNATES), SPECIAL DELEGATES APPOINTED BY NAIFA'S STATE ASSOCIATIONS, AND CHAIRS OF NAIFA AFFILIATED UNITS AND STANDING COMMITTEES. IN ADDITION, AMENDMENTS TO THE NAIFA BYLAWS MADE BY THE NAIFA BOARD OF TRUSTEES MUST BE TIMELY RATIFIED IN WRITING BY TWO-THIRDS OF THE NAIFA STATE ASSOCIATION PRESIDENTS AND NATIONAL COMMITTEE PERSONS. |
| FORM 990, PART VI, SECTION B, LINE 11 | NAIFA'S FEDERAL FORM 990 IS PREPARED BY ITS AUDITORS. THE DRAFT VERSION OF THE FEDERAL FORM 990 IS REVIEWED BY THE VP OF FINANCE AND THE GENERAL COUNSEL/VP OF HUMAN RESOURCES. PRIOR TO THE FILING DATE, THE MEMBERS OF THE FINANCE COMMITTEE ARE SENT AN ELECTRONIC COPY OF THE DRAFT FORM 990 FOR INDIVIDUAL REVIEW. IF DISCUSSIONS BETWEEN THE FINANCE COMMITTEE MEMBERS ARE NEEDED, THEY PARTICIPATE IN A CONFERENCE CALL. BEFORE FILING WITH THE INTERNAL REVENUE SERVICE, A FINAL VERSION OF THE DRAFT FORM 990 IS DISTRIBUTED TO THE MEMBERS OF THE NAIFA BOARD. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE NAIFA CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM, WHICH COVERS THE NAIFA BOARD OF TRUSTEES, IS EXPLAINED AND DISTRIBUTED TO THE NAIFA BOARD ANNUALLY AT ITS FIRST MEETING AND THE DISCLOSURE FORM IS COMPLETED BY THE BOARD MEMBERS AT THAT TIME. THE NAIFA CONFLICT OF INTEREST POLICY IS ALSO DISTRIBUTED TO BOARD MEMBERS THROUGHOUT THE YEAR BY INCLUSION WITH THE MATERIALS DISTRIBUTED FOR EACH NAIFA BOARD MEETING AND BOARD MEMBERS ARE REMINDED OF THE POLICY AT THE BEGINNING OF EACH BOARD MEETING. NAIFA BOARD MEMBERS HAVE A CONTINUING OBLIGATION TO PROMPTLY DISCLOSE TO THE BOARD IF A POTENTIAL, APPARENT, OR ACTUAL CONFLICT OF INTEREST ARISES AND, IF REQUIRED, TO REMOVE HIMSELF/HERSELF FROM NAIFA BOARD DISCUSSIONS AND DECISIONS CONCERNING THE MATTER AND TO TAKE SUCH OTHER ACTIONS AS MAY BE CALLED FOR BY THE BOARD. IT IS THE NAIFA BOARD'S OBLIGATION TO CONSIDER EACH MATTER BROUGHT TO ITS ATTENTION UNDER THE CONFLICT OF INTEREST POLICY AND TO ADVISE THE BOARD MEMBERS INVOLVED AS TO THE APPROPRIATE ACTION. NAIFA BOARD MEMBERS MAY SUBMIT QUESTIONS REGARDING THE CONFLICT OF INTEREST POLICY TO NAIFA'S GENERAL COUNSEL. THE CONFLICT OF INTEREST POLICY CONTAINED IN THE NAIFA EMPLOYEE HANDBOOK COVERS ALL NAIFA EMPLOYEES AND REQUIRES EMPLOYEES TO IMMEDIATELY NOTIFY THEIR SUPERVISOR OF A POTENTIAL CONFLICT OF INTEREST. NAIFA MANAGEMENT RESERVES THE RIGHT TO PROHIBIT ANY ACTIVITY THAT MAY CONSTITUTE A CONFLICT OF INTEREST POLICY AND EMPLOYEES WHO PARTICIPATE IN PRACTICES THAT CONSTITUTE A PROHIBITED CONFLICT OF INTEREST ARE SUBJECT TO A DISCIPLINARY ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION OF THE NAIFA CEO WAS DETERMINED AND APPROVED BY THE NAIFA EXECUTIVE COMMITTEE, WHICH WAS AUTHORIZED TO EXERCISE THE POWERS OF THE NAIFA BOARD OF TRUSTEES, IN CONSULTATION WITH NAIFA'S GENERAL COUNSEL AND VICE PRESIDENT OF HUMAN RESOURCES AND NAIFA'S VICE PRESIDENT OF FINANCE. THE NAIFA EXECUTIVE COMMITTEE WAS PROVIDED WITH DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS AND DETERMINED THE CEO'S COMPENSATION THROUGH NEGOTIATIONS WITH THE CEO AND THROUGH ANNUAL ADJUSTMENTS TIED TO PERFORMANCE EVALUATIONS. NAIFA MAINTAINS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. THE PROCESS FOR DETERMINING THE COMPENSATION FOR NAIFA STAFF OFFICERS AND KEY EMPLOYEES VARIES AND HAS INCLUDED THE USE OF COMPARABILITY DATA, NEGOTIATIONS WITH PROSPECTIVE EMPLOYEES, AND ANNUAL ADJUSTMENTS TIED TO PERFORMANCE EVALUATIONS. THE NAIFA BOARD OF TRUSTEES APPROVES SUCH COMPENSATION AS PART OF ITS APPROVAL OF THE NAIFA ANNUAL BUDGET, UPON A RECOMMENDATION FROM THE NAIFA FINANCE COMMITTEE, AND MINUTES ARE TAKEN OF THOSE DECISIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | REQUESTS FOR FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY WILL BE CONSIDERED AND MAY BE MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | AMORTIZATION OF DEFERRED GAIN ON SALE-LEASEBACK 350,662. UNRECOGNIZED PENSION GAIN 593,983. |
| FORM 990, PART VI, SECTION B, LINE 10A | NAIFA IS A FEDERATION OF STATE AND LOCAL AND AT-LARGE MEMBER ASSOCIATIONS, WITH INDIVIDUAL MEMBERS AT THE NATIONAL, STATE AND LOCAL (OR AT-LARGE) LEVELS. STATE, LOCAL, AND AT-LARGE ASSOCIATIONS ELECTED TO NAIFA'S MEMBERSHIP AGREE TO BE BOUND BY NAIFA'S BYLAWS, TO ADOPT THE STANDARD FORM FOR ASSOCIATION BYLAWS, AND TO COMPLY WITH THE ACCEPTED STANDARDS FOR MEMBER ASSOCIATIONS. HOWEVER, STATE, LOCAL, AND AT-LARGE ASSOCIATIONS ELECTED TO NAIFA'S MEMBERSHIP ARE SEPARATE LEGAL ENTITIES FROM NAIFA AND NAIFA DOES NOT HAVE CONTROL OVER ITS MEMBER ASSOCIATIONS. |
| FORM 990, PART VI, SECTION B, LINE 13 | NAIFA'S WHISTLEBLOWER POLICY APPLIES TO NAIFA EMPLOYEES BUT DOES NOT EXTEND TO NAIFA VOLUNTEERS. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NAIFA PAC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2901 TELESTAR COURT | AddressLine1Txt |
| City | FALLS CHURCH | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520899774 | EIN |
| Primary Activities | POLITICAL FUNDRAISING | PrimaryActivitiesTxt |
| Legal Domicile State | DC | LegalDomicileStateCd |
| Exempt Code Section | 527 | ExemptCodeSectionTxt |
| Public Charity Status | N/A | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NAIFA SERVICE CORPORATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2901 TELESTAR COURT | AddressLine1Txt |
| City | FALLS CHURCH | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521985466 | EIN |
| Primary Activities | PUBLISHING | PrimaryActivitiesTxt |
| Legal Domicile State | DC | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $256,675 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $30,124 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (7 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| NAIFA SERVICE CORPORATION | ||
| A | $58,125 | FMV |
| NAIFA SERVICE CORPORATION | ||
| B | $232,193 | FMV |
| NAIFA SERVICE CORPORATION | ||
| L | $232,478 | FMV |
| NAIFA SERVICE CORPORATION | ||
| O | $205,351 | FMV |
| NAIFA SERVICE CORPORATION | ||
| Q | $86,196 | FMV |
| NAIFA SERVICE CORPORATION | ||
| R | $115,000 | FMV |
| NAIFA PAC | ||
| R | $300,000 | FMV |