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← NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS

Form 990 for tax year 2022

Filed by NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS.

Totals

Total revenue
$10,491,477
Total expenses
$11,122,423
Contributions and grants received
$1,189,741
Grants paid
$222,334
Program service revenue
$9,084,726
Investment income
-$47,727
Other revenue
$264,737
Total assets, end of year
$6,355,683
Total liabilities, end of year
$4,013,540
Net assets or fund balances, end of year
$2,342,143
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $250

  • 1f · All other contributions, gifts and grants

    $1,189,491

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $7,613,562 · related or exempt $7,613,562

  • 2b · Program service revenue: CHAPTER MANAGEMENT FEES

    total $946,465 · excluded $946,465

  • 2c · Program service revenue: CONFERENCES AND MEETINGS

    total $414,285 · related or exempt $301,785 · unrelated business $112,500

  • 2d · Program service revenue: PUBLICATIONS

    total $108,058 · related or exempt $43,084 · unrelated business $64,974

  • 2e · Program service revenue: CERTIFICATION FEES

    total $2,356 · related or exempt $2,356

  • 3 · Investment income

    total $85,041 · excluded $85,041

  • 5 · Royalties

    total $2,477 · excluded $2,477

  • 6a · Gross rents

    real property $90,627

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $90,627

  • 6d · Net rental income or loss

    total $90,627 · excluded $90,627

  • 7a · Gross sales of assets other than inventory

    securities $1,693,350

  • 7b · Less cost or other basis and sales expenses

    securities $1,826,118

  • 7c · Gain or loss

    securities -$132,768

  • 7d · Net gain or loss

    total -$132,768 · excluded -$132,768

  • 11a · Other revenue: AFFINITY PROGRAMS

    total $171,633 · unrelated business $171,633

  • 11e · Other revenue, total

    $171,633

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $151,284

  • 2 · Grants to domestic individuals

    total $71,050

  • 5 · Compensation of officers, directors and key employees

    total $1,208,358

  • 7 · Other salaries and wages

    total $3,836,003

  • 8 · Pension plan contributions

    total $86,793

  • 9 · Other employee benefits

    total $539,146

  • 10 · Payroll taxes

    total $323,300

  • 11b · Fees: legal

    total $7,283

  • 11c · Fees: accounting

    total $46,436

  • 11d · Fees: lobbying

    total $540,000

  • 11f · Fees: investment management

    total $26,697

  • 11g · Fees: other

    total $537,834

  • 12 · Advertising and promotion

    total $108,689

  • 13 · Office expenses

    total $411,222

  • 14 · Information technology

    total $535,499

  • 16 · Occupancy

    total $742,569

  • 17 · Travel

    total $367,603

  • 19 · Conferences, conventions and meetings

    total $1,011,280

  • 20 · Interest

    total $21,649

  • 22 · Depreciation, depletion and amortization

    total $138,234

  • 23 · Insurance

    total $52,867

  • 24a · Other expenses: TAXES

    total $33,379

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $174,431

  • 24c · Other expenses: EQUITY LOSS- SUBSIDIARY

    total $82,050

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $35,517

  • 24e · All other expenses

    total $33,250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250 · end of year $1,550,655

  • 2 · Savings and temporary cash investments

    beginning of year $2,763,919 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,056,447 · end of year $73,965

  • 9 · Prepaid expenses and deferred charges

    beginning of year $126,719 · end of year $166,039

  • 10a · Land, buildings and equipment: cost or other basis

    $837,438

  • 10b · Land, buildings and equipment: accumulated depreciation

    $735,660

  • 10c · Land, buildings and equipment, net

    beginning of year $231,520 · end of year $101,778

  • 11 · Investments: publicly traded securities

    beginning of year $2,376,074 · end of year $3,692,759

  • 12 · Investments: other securities

    beginning of year $1,796,109 · end of year $0

  • 15 · Other assets

    beginning of year $70,629 · end of year $770,487

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,742,288 · end of year $1,225,190

  • 19 · Deferred revenue

    beginning of year $1,772,850 · end of year $1,823,589

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $499,400

  • 24 · Unsecured notes and loans payable

    beginning of year $499,400 · end of year $0

  • 25 · Other liabilities

    beginning of year $559,690 · end of year $465,361

  • 27 · Net assets without donor restrictions

    beginning of year $2,783,425 · end of year $2,317,916

  • 28 · Net assets with donor restrictions

    beginning of year $64,014 · end of year $24,227

Mission and programs · 2022

Mission

ADVOCATE FOR A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT, ENHANCE BUSINESS AND PROFESSIONAL SKILLS, AND PROMOTE THE ETHICAL CONDUCT OF OUR MEMBERS.

  • 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.

As filed on the 2022 return.

Listed in Part VII

  • KEVIN M MAYEUX

    CEO

    Total calculated
    $672,069
    From this org
    $646,089
    From related orgs
    $0
    Other
    $25,980
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $499,839
    Bonus
    $146,250
    Other
    $0
    Deferred
    $9,151
    Nontaxable benefits
    $16,829
    Filer's total
    $672,069

  • MICHAEL GERBER

    COO & GENERAL COUNSEL

    Total calculated
    $334,429
    From this org
    $312,546
    From related orgs
    $0
    Other
    $21,883
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,546
    Bonus
    $25,000
    Other
    $0
    Deferred
    $6,237
    Nontaxable benefits
    $15,646
    Filer's total
    $334,429

  • ERNI DAVIS

    CFO

    Total calculated
    $197,898
    From this org
    $180,884
    From related orgs
    $0
    Other
    $17,014
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,884
    Bonus
    $0
    Other
    $0
    Deferred
    $2,025
    Nontaxable benefits
    $14,989
    Filer's total
    $197,898

  • DIANE BOYLE

    SVP, GOVERNMENT RELATIONS

    Total calculated
    $310,618
    From this org
    $287,817
    From related orgs
    $0
    Other
    $22,801
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,317
    Bonus
    $12,500
    Other
    $0
    Deferred
    $2,853
    Nontaxable benefits
    $19,948
    Filer's total
    $310,618

  • PHU NGO

    VP, TECHNOLOGY

    Total calculated
    $205,952
    From this org
    $186,884
    From related orgs
    $0
    Other
    $19,068
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,634
    Bonus
    $7,250
    Other
    $0
    Deferred
    $3,854
    Nontaxable benefits
    $15,214
    Filer's total
    $205,952

  • SUZANNE CARAWAN

    VP, MARKETING & COMMUNICATIONS

    Total calculated
    $197,447
    From this org
    $189,195
    From related orgs
    $0
    Other
    $8,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,195
    Bonus
    $10,000
    Other
    $0
    Deferred
    $5,352
    Nontaxable benefits
    $2,900
    Filer's total
    $197,447

  • COREY MATHEWS

    VP, MEMBER & CHAPTER SERVICES

    Total calculated
    $179,575
    From this org
    $159,626
    From related orgs
    $0
    Other
    $19,949
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,626
    Bonus
    $6,000
    Other
    $0
    Deferred
    $4,784
    Nontaxable benefits
    $15,165
    Filer's total
    $179,575

  • KARLA KIRK

    VP, GROWTH & REVENUE

    Total calculated
    $171,054
    From this org
    $167,504
    From related orgs
    $0
    Other
    $3,550
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,504
    Bonus
    $0
    Other
    $0
    Deferred
    $1,124
    Nontaxable benefits
    $2,426
    Filer's total
    $171,054

  • TOM COTHRON

    SECRETARY

    Total calculated
    $1,609
    From this org
    $1,609
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • LARRY HOLZBERG

    PRESIDENT

    Total calculated
    $1,194
    From this org
    $1,194
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • BRYON HOLZ

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    10

  • BROCK JOLLY

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • THOMAS MICHEL

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • MARK ACRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE W BOOKER II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENNIS CUCCINELLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER GANDY

    DIRECTOR

    Total calculated
    $487
    From this org
    $487
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • APRILYN CHAVEZ GEISSLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EVELYN GELLAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WINONA HAVIR

    DIRECTOR

    Total calculated
    $487
    From this org
    $487
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JAMIE HOPKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS MASSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANNY O'CONNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VINCE VITIELLO

    DIRECTOR

    Total calculated
    $185
    From this org
    $185
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • BRIAN WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
NAIFA REIMBURSED DIRECTORS LAWRENCE J. HOLZBERG, TOM COTHRON, CHRISTOPHER GANDY, WINONA HAVIR, AND VINCE VITELLO FOR COMPANION TRAVEL TO CERTAIN EVENTS. THIS TRAVEL EXPENSE IS TREATED AS TAXABLE INCOME TO BOARD MEMBERS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NAIFA SERVICE CORPORATION

    C · PUBLISHING - DISSOLVED SEPTEMBER 2022 · DC · 100% owned · share of income $17,329 · controlled entity

    Directly controlled by NAIFA

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349303624

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