2025-11-10T14:12:14-06:00 2024-12-31 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2024-01-01 530232489 NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS NATI 7037708100 1000 WILSON BLVD 1890 ARLINGTON VA 22209 ERNI DAVIS CPA CFO 7037708100 2025-11-10 1 1 AARON M FOX P01365820 2022274000 2025-11-10 2024 2025-03-06 01:10:19Z KEVIN M MAYEUX 1000 WILSON BLVD 1890 ARLINGTON VA 22209 14207801 0 X WWW.NAIFA.ORG X 1921 DC EMPOWERING FINANCIAL PROFESSIONALS AND CONSUMERS THROUGH WORLD-CLASS ADVOCACY AND EDUCATION. 13 13 72 153 308242 0 1367324 1063547 8649587 10161474 100629 662622 192927 330644 10310467 12218287 403540 298700 0 0 6459673 8833746 0 0 0 4214209 4270767 11077422 13403213 -766955 -1184926 8365369 6462046 6479704 6086541 1885665 375505 EMPOWERING FINANCIAL PROFESSIONALS AND CONSUMERS THROUGH WORLD-CLASS ADVOCACY AND EDUCATION. 0 0 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'S EFFORTS INCLUDE COORDINATION OF LOBBYING EFFORTS, GRASSROOTS PROGRAMS, PUBLIC RELATIONS, AND POLITICAL EDUCATION. MEMBERSHIP BENEFITS AND PROFESSIONAL DEVELOPMENT- NAIFA OFFERS NUMEROUS PROFESSIONAL PROGRAMS AND PRODUCTS TO ENHANCE SKILLS AND PROVIDE VALUE-ADDED BUSINESS SERVICES. PUBLICATIONS AND COMMUNICATIONS-NAIFA KEEPS ITS MEMBERS UP TO DATE ON LEGISLATIVE AND REGULATORY ISSUES THAT MAY AFFECT THEIR BUSINESSES, COMMUNICATES PROGRAMS AND SERVICES PROVIDED BY THE ORGANIZATION, PRODUCES VARIOUS PUBLICATIONS RELATED TO THE INDUSTRY, AND RAISES INDUSTRY AWARENESS TO THE PUBLIC. 0 1 1 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 36 0 1 72 1 1 1 0 0 0 1 1 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X ERNI DAVIS 7037708100 1000 WILSON BLVD 1890 ARLINGTON VA 22209 BRIAN J HANEY DIRECTOR 1.00 0.00 X 0 0 0 BROCK JOLLY TREASURER 10.00 0.00 X X 0 0 0 BRYON HOLZ PRESIDENT 15.00 0.00 X X 0 0 0 CARINA A HATFIELD DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER GANDY DIRECTOR 1.00 0.00 X 0 0 0 ANDREW J RINN DIRECTOR 1.00 0.00 X 0 0 0 DENNIS CUCCINELLI DIRECTOR 1.00 0.00 X 0 0 0 DOUGLAS MASSEY SECRETARY 10.00 0.00 X X 0 0 0 BARBARA PIETRANGELO DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN KAGAWA DIRECTOR 10.00 0.00 X X 0 0 0 ERNEST J GUERRIERO DIRECTOR 1.00 0.00 X 0 0 0 TOM COTHRON PRESIDENT-ELECT 10.00 10.00 X X 1451 0 0 JESSE DOGILLO DIRECTOR 1.00 0.00 X 0 0 0 ERNI DAVIS CFO 35.00 10.00 X 225375 0 27954 KEVIN M MAYEUX CEO 35.00 10.00 X 613741 0 28774 MICHAEL GERBER COO & GENERAL COUNSEL 40.00 0.00 X 324933 0 34367 DAVID MAOLA EXECUTIVE VP, FSP (ENDED 12/24) 40.00 0.00 X 339167 0 31154 DIANE BOYLE SVP, GOVERNMENT RELATIONS 40.00 0.00 X 299625 0 31493 BRIAN STEINER EXECUTIVE DIRECTOR 10.00 35.00 X 238906 0 9611 SUZANNE CARAWAN VP, MRKTING & COM (ENDED 12/24) 40.00 0.00 X 206629 0 7720 SHELIA OWENS VP, MARKETING AND COMMUNICATIONS 40.00 0.00 X 202246 0 29640 2452073 0 200713 8 0 1 0 STEPTOE & JOHNSON LLP PO BOX 603212 CHARLOTTE NC 28260 LEGAL SERVICES 290000 DANEA M KEHOE 3409 STONYBRAE DRIVE FALLS CHURCH VA 22044 LEGISLATIVE CONSULTING 120000 RAFFANIELLO & ASSOCIATES LLC 8414 MARTINGDALE DRIVE MCLEAN VA 22102 LEGISLATIVE CONSULTING 120000 3 1063547 1063547 MEMBERSHIP DUES 900099 7345899 7345899 CHAPTER MANAGEMENT FEES 900099 2207218 2207218 CONFERENCES AND MEETINGS 900099 360662 314662 46000 PUBLICATIONS 541800 203448 109948 93500 CERTIFICATION FEES 900099 44247 44247 10161474 82222 82222 62500 62500 72 0 72 72 72 2569914 1989514 580400 580400 580400 AFFINITY PROGRAMS 900099 171332 2890 168442 CERFITICATIONS/DESIGNATIONS 561499 96440 96440 OTHER 561499 300 300 268072 12218287 7914086 308242 2932412 224500 74200 1251951 6260120 152390 680118 489167 21352 95840 540195 20734 296455 64348 576358 407504 446709 384505 928881 48692 104155 CREDIT CARD/BANKING FEE 303585 COMMISSION 31454 13403213 1202237 989731 21161 26870 160406 172612 624084 370044 263845 254040 3635161 1320413 3082559 3698380 8365369 6462046 1784540 1344444 1444487 1563083 499400 493617 2751277 2685397 6479704 6086541 X 1873928 375505 11737 0 1885665 375505 8365369 6462046 -1184926 -325234 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 218500 0 0 218500 218500 0 NAIFA PAC 1000 WILSON BLVD STE 1890 ARLINGTON VA 22209 520899774 218500 28350 0 0 1 7345899 1868360 -15443 1852917 1849687 3230 SCHEDULE C, PART I-C, LINE 5, COLUMN (E) NAIFA GIVES ITS EMPLOYEES THE OPTION TO MAKE CONTRIBUTIONS TO NAIFA PAC THROUGH PAYROLL DEDUCTIONS. THE CONTRIBUTIONS ARE PROMPTLY PAID TO NAIFA PAC. 99296 17329 81967 524788 352715 172073 254040 RIGHT-OF-USE ASSET 2287897 INTERCOMPANY RECEIVABLES, NET OF PAYABLES 1334605 DEPOSITS 75878 3698380 OPERATING LEASE LIABILITY 2685397 2685397 X PART X, LINE 2: THE ASSOCIATION REVIEWS AND ASSESSES ALL ACTIVITIES ANNUALLY TO IDENTIFY ANY CHANGES IN THE SCOPE OF THE ACTIVITIES AND REVENUE SOURCES AND THE TAX TREATMENT THEREOF TO IDENTIFY ANY UNCERTAINTY IN INCOME TAXES. FOR THE YEAR ENDED DECEMBER 31, 2024, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAINTY IN INCOME TAXES REQUIRING RECOGNITION OR DISCLOSURE IN THESE CONSOLIDATED FINANCIAL STATEMENTS. 0 NAIFA PAC 2901 TELESTAR COURT 6TH FLOOR FALLS CHURCH VA 22042 520899774 527 218500 0 POLITICAL CONTRIBUTION 0 1 TRAVEL STIPENDS 215 74200 X 1 1 X X X 1 0 0 KEVIN M MAYEUX CEO 511419 0 100000 0 2322 0 10350 0 18424 0 642515 0 0 0 DAVID MAOLA EXECUTIVE VP, FSP (ENDED 12/24) 252501 0 0 0 86666 0 5163 0 25991 0 370321 0 0 0 MICHAEL GERBER COO & GENERAL COUNSEL 305111 0 17500 0 2322 0 9252 0 25115 0 359300 0 0 0 DIANE BOYLE SVP, GOVERNMENT RELATIONS 289803 0 7500 0 2322 0 3122 0 28371 0 331118 0 0 0 ERNI DAVIS CFO 208053 0 15000 0 2322 0 6252 0 21702 0 253329 0 0 0 BRIAN STEINER EXECUTIVE DIRECTOR 238385 0 0 0 521 0 6613 0 2998 0 248517 0 0 0 SHELIA OWENS VP, MARKETING AND COMMUNICATIONS 200612 0 0 0 1634 0 5377 0 24263 0 231886 0 0 0 SUZANNE CARAWAN VP, MRKTING & COM (ENDED 12/24) 168629 0 5000 0 33000 0 4736 0 2984 0 214349 0 0 0 PART I, LINE 1A NAIFA REIMBURSED TOM COTHRON FOR COMPANION TRAVEL TO CERTAIN EVENTS. THIS TRAVEL EXPENSE IS TREATED AS TAXABLE INCOME TO BOARD MEMBERS. PART I, LINE 4A TWO HIGHEST COMPENSATED EMPLOYEES DAVID MAOLA, EXECUTIVE VP OF FSP AND SUZANNE CARAWAN, VP OF MARKETING & COMMUNICATIONS RECIEVED SEVERANCE IN THE AMOUNTS OF $80,094 AND $31,758,RESPECTIVELY. FORM 990, PART VI, SECTION A, LINE 1A THE NAIFA BYLAWS AUTHORIZE 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, OR PROPERTY-CASUALTY INSURANCE, OR SECURITIES, OR PROFESSIONALS WHO PROVIDE ADVISORY SERVICES WITH RESPECT TO INSURANCE OR OTHER FINANCIAL PRODUCTS OR SERVICES, SUBJECT TO STATE OR FEDERAL OVERSIGHT. ACTIVE MEMBERS MAY BE ELECTED TO THE NAIFA BOARD OF TRUSTEES AND ARE ENTITLED TO PARTICIPATE IN THE NATIONAL COUNCIL TO ELECT THE BOARD, AMEND THE BYLAWS, AND VOTE ON RESOLUTIONS. ASSOCIATE MEMBERS ARE INDIVIDUALS AFFILIATED WITH THE HOME OFFICE OR AGENCY OFFICE OF AN INSURANCE COMPANY, OTHER THAN THOSE WHO QUALIFY FOR ACTIVE MEMBERSHIP, OR THOSE AFFILIATED WITH OTHER BUSINESSES RELATED TO INSURANCE OF FINANCIAL SERVICES. ASSOCIATE MEMBERS MAY BE APPOINTED TO THE NAIFA BOARD OF TRUSTEES, ARE ENTITLED TO VOTE FOR NAIFA STATE AND LOCAL CHAPTER OFFICERS AND MAY SERVE AS CHAPTER DIRECTORS. 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 PARTICIPATING ACTIVE MEMBERS OF NAIFA. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE NAIFA BOARD OF TRUSTEES (OTHER THAN ADMINISTRATIVE DECISIONS) ARE SUBJECT TO REVIEW BY THE NATIONAL COUNCIL UPON TIMELY PETITION BY A MAJORITY OF NAIFA STATE CHAPTER PRESIDENTS. THE NATIONAL COUNCIL IS COMPRISED OF PARTICIPATING ACTIVE MEMBERS OF NAIFA. FORM 990, PART VI, SECTION B, LINE 11B NAIFA'S FEDERAL FORM 990 IS PREPARED BY A CPA FIRM. THE DRAFT VERSION OF THE FEDERAL FORM 990 IS REVIEWED BY THE CFO, THE COO, AND THE CEO. 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. 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'S 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 SUPERVISORS OF A POTENTIAL CONFLICT-OF-INTEREST. NAIFA MANAGEMENT RESERVES THE RIGHT TO PROHIBIT ANY ACTIVITY THAT MAY CONSTITUTE A CONFLICT OF INTEREST AND EMPLOYERS WHO PARTICIPATE IN PRACTICES THAT CONSTITUTE A PROHIBITED CONFLICT-OF-INTEREST ARE SUBJECT TO 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 COO AND NAIFA'S CFO. 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 XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NAIFA PAC 1000 WILSON BLVD SUITE 1890 ARLINGTON VA 22209 520899774 POLITICAL FUNDRAISING DC 527 N/A NAIFA 1 NAIFA FOUNDATION FOR FINANCIAL SECURITY 1000 WILSON BLVD SUITE 1890 ARLINGTON VA 22209 851912913 FUNDRAISING DC 501(C)(3) LINE 7 NAIFA 1 THE LIFE FUND 1000 WILSON BLVD SUITE 1890 ARLINGTON VA 22209 522316124 EDUCATIONAL DC 501(C)(3) LINE 12A, I NAIFA 1 LIFE AND HEALTH INS FOUNDATION FOR EDUCATION 1000 WILSON BLVD SUITE 1890 ARLINGTON VA 22209 521904610 MEMBERSHIP DC 501(C)(6) NAIFA 1 FOUNDATION FOR FINANCIAL SERVICE PROFESSIONALS 1000 WILSON BLVD SUITE 1890 ARLINGTON VA 22209 232336013 FUNDRAISING DC 501(C)(3) LINE 12A, I NAIFA 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 NAIFA PAC B 218500 CASH