SWIMWEAR ASSOCIATION OF FLORIDA INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: SWIMWEAR ASSOCIATION OF FLORIDA INC (EIN 65-0655133)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-03-16
IRS object ID: 201220769349300412
Schema version: 2011v1.2
Note: A later return for the same period supersedes this one.
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
Form 990
Schedule C
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-03-16T10:37:33-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JACOBS NONES & CARNEY CPAS LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	6401 SW 87TH AVE STE 204	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33173	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	650655133	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	SWIMWEAR ASSOCIATION OF FLORIDAINC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	SWIM	NameControl
Phone	3055967889	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	8900 SW 117 AVENUE SUITE C-205	AddressLine1
Address Line2	ROOM/SUITE C-205	AddressLine2
City	MIAMI	City
State	FL	State
ZIP Code	33186	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DIANE BRUCKS	Name
Title	PRESIDENT	Title
Phone	3055967889	Phone
Date Signed	2012-03-06	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DAVID L JACOBS	Name
Phone	3052741200	Phone
Date Prepared	2012-03-07	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	DIANE BRUCKS PRESIDENT	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	8900 SW 117 AVE STE C-205	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33186	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1116595	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.SWIMSHOW.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Activity Or Mission Description	THIS ORGANIZATION WAS FORMED TO UNITE WITHIN ITS MEMBERSHIP PERSONS CHIEFLY ENGAGED IN THE SALE OF SWIMWEAR AT WHOLESALE.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	10	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	10	NbrIndependentVotingMembers
Total Nbr Employees	3	TotalNbrEmployees
Total Gross UBI	64700	TotalGrossUBI
Net Unrelated Business Txbl Income	-2361	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	49500	ContributionsGrantsPriorYear
Contributions Grants Current Year	40000	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	938844	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1068490	ProgramServiceRevenueCY
Investment Income Prior Year	13609	InvestmentIncomePriorYear
Investment Income Current Year	7990	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	1001953	TotalRevenuePriorYear
Total Revenue Current Year	1116480	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	127193	SalariesEtcPriorYear
Salaries Etc Current Year	174601	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	713366	OtherExpensePriorYear
Other Expenses Current Year	923638	OtherExpensesCurrentYear
Total Expenses Prior Year	840559	TotalExpensesPriorYear
Total Expenses Current Year	1098239	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	161394	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	18241	RevenuesLessExpensesCY
Total Assets BOY	1139179	TotalAssetsBOY
Total Assets EOY	1153283	TotalAssetsEOY
Total Liabilities BOY	10566	TotalLiabilitiesBOY
Total Liabilities EOY	10784	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	1128613	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	1142499	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	THIS ORGANIZATION WAS FORMED TO UNITE WITHIN ITS MEMBERSHIP PERSONS CHIEFLY ENGAGED IN THE SALE OF SWIMWEAR AT WHOLESALE.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	N/A	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Description	N/A	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Description	N/A	Description

Activity Other ActivityOther

Field	Value	IRS element (for citing)
Expense	847878	Expense
Description	TO ESTABLISH AND PROMOTE TRADE SHOWS FOR THE BENEFIT OF MEMBERS.	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	847878	TotalOfOtherProgramServiceExp
Total Program Service Expense	847878	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	true	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	2	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	false	ComplianceWithBackupWitholding
Number Of Employees	3	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	10	NbrVotingGoverningBodyMembers
Number Independent Voting Members	10	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	JUDY STEIN	NamePerson
Telephone Number	3055967889	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	8900 SW 117 AVE SUITE C-205	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33186	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (11 entries)

TitleTitle	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Average Hours Per WeekAverageHoursPerWeek	Highest Compensated EmployeeHighestCompensatedEmployee
KATHYE KUSHAY
DIR	X	0	0	0
BILL BEAVERS
DIR	X	0	0	0
LINDA CROUCH
DIR	X	0	0	0
JACK GOEBEL
DIR	X	0	0	0
LARRY WIEDER
DIR	X	0	0	0
KRISTI STEINFELD
DIR	X	0	0	0
DIANE BRUCKS
PRES		0	0	0	X
RON PIERCE
VICE PRESIDE		0	0	0	X
LORI LEVINE
SECY		0	0	0	X
RICHARD GILL
TREAS		0	0	0	X
JUDY STEIN
EXEC DIR		112670	0	0		50.00	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	112670	TotalReportableCompFromOrg
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Government Grants	40000	GovernmentGrants
Total Contributions	40000	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount	Business CodeBusinessCode	Unrelated Business RevenueUnrelatedBusinessRevenue
TRADE SHOWS	667487	$667,487
MEMBERSHIP DUES	316853	$316,853
DISPLAY ADS	64700		541800	64700
SPONSORS	15000	$15,000
FASHION SHOW TICKETS	4450	$4,450

Field	Value	IRS element (for citing)
Total Program Service Revenue	1068490	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	8105	TotalRevenueColumn
Exclusion	$8,105	ExclusionAmount

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	115	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	-115	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-115	TotalRevenueColumn
Related Or Exempt Function Income	-115	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1116480	TotalRevenueColumn
Related Or Exempt Function Income	-115	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	64700	UnrelatedBusinessRevenue
Exclusion	$1,011,895	ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	161663	Total
Program Services	26726	ProgramServices
Management And General	134937	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	12938	Total
Program Services	2457	ProgramServices
Management And General	10481	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	6967	Total
Program Services	704	ProgramServices
Management And General	6263	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	11487	Total
Program Services	1160	ProgramServices
Management And General	10327	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	13501	Total
Program Services	1526	ProgramServices
Management And General	11975	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	97592	Total
Program Services	97592	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	48101	Total
Program Services	34633	ProgramServices
Management And General	13468	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	28595	Total
Program Services	3779	ProgramServices
Management And General	24816	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	33357	Total
Program Services	6764	ProgramServices
Management And General	26593	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	7562	Total
Program Services	756	ProgramServices
Management And General	6806	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	17958	Total
Program Services	17958	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	3122	Total
Management And General	3122	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
TRADE SHOW EXPENSES	607297	607297
PRINTING	29780	29780
POSTAGE AND SHIPPING	9199	9199
COMPUTERS	2266	2266

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	6854	Total
Program Services	5281	ProgramServices
Management And General	1573	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1098239	Total
Program Services	847878	ProgramServices
Management And General	250361	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	31905	BOY
EOY	3647	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	1040757	BOY
EOY	1044320	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	4955	BOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	44145	BOY
EOY	50664	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	105110	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	52958	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	17417	BOY
EOY	52152	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
EOY	2500	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1139179	BOY
EOY	1153283	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	10566	BOY
EOY	10784	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	10566	BOY
EOY	10784	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	1128613	BOY
EOY	1142499	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1128613	BOY
EOY	1142499	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1139179	BOY
EOY	1153283	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	18241	ReconcilationRevenueExpenses
Reconcilation Other Changes	-4355	ReconcilationOtherChanges
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Form4720 Filed4955 Tax	false	Form4720Filed4955Tax
Correction Made	false	CorrectionMade
Form1120 Pol Filed	false	Form1120PolFiled
Form4720 Filed	false	Form4720Filed
Volunteers	false	Volunteers
Paid Staff Or Management	false	PaidStaffOrManagement
Media Advertisements	false	MediaAdvertisements
Mailings Members	false	MailingsMembers
Publications Or Broadcast	false	PublicationsOrBroadcast
Grants Other Organizations	false	GrantsOtherOrganizations
Direct Contact Legislators	false	DirectContactLegislators
Rallies Demonstrations	false	RalliesDemonstrations
Other Activities	false	OtherActivities
Not Described In501c3	false	NotDescribedIn501c3
Form4720 Filed4912 Tax	false	Form4720Filed4912Tax
Substantially All Dues Nondeduct	false	SubstantiallyAllDuesNondeduct
Only In House Lobbying	false	OnlyInHouseLobbying
Agree To Carryover Prior Year	false	AgreeToCarryoverPriorYear

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	105110	OtherCostOrOtherBasis
Depreciation	52958	Depreciation
Book Value	52152	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	52152	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
DUE TO EXPO	$6,199
CLIENT ADVANCE PAYMENTS	$4,355
WITHHELD PAYROLL TAXES	$230

Field	Value	IRS element (for citing)
Total Of Amounts	10784	TotalOfAmounts

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ALL OTHER ACCOMPLISHMENT DESCRIPTION	FORM 990, PAGE 2, PART III, LINE 4D	TO ESTABLISH AND PROMOTE TRADE SHOWS FOR THE BENEFIT OF MEMBERS.
CLASSES OF MEMBERS OR STOCKHOLDERS	FORM 990, PAGE 6, PART VI, LINE 6	MEMBERS
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	MEMBERS HAVE THE RIGHT TO ELECT OFFICERS/DIRECTORS AND APPROVE CHANGES TO THE BY-LAWS AND SIGNIFICANT CHANGES IN OPERATION.
DECISIONS SUBJECT TO APPROVAL OF MEMBERS	FORM 990, PAGE 6, PART VI, LINE 7B	MEMBERS APPROVE CHANGES TO THE BY-LAWS AND SIGNIFICANT CHANGES TO OPERATIONS.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	NO REVIEW WAS OR WILL BE CONDUCTED.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	EXECUTIVE PAY IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	NO DOCUMENTS AVAILABLE TO THE PUBLIC