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← NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS

Form 990 for tax year 2023

Filed by NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS.

Totals

Total revenue
$10,310,467
Total expenses
$11,077,422
Contributions and grants received
$1,367,324
Grants paid
$403,540
Program service revenue
$8,649,587
Investment income
$100,629
Other revenue
$192,927
Total assets, end of year
$8,365,369
Total liabilities, end of year
$6,479,704
Net assets or fund balances, end of year
$1,885,665
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.

  • 1f · All other contributions, gifts and grants

    $1,367,324

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $7,293,290 · related or exempt $7,293,290

  • 2b · Program service revenue: CHAPTER MANAGEMENT FEES

    total $956,451 · excluded $956,451

  • 2c · Program service revenue: PUBLICATIONS

    total $223,527 · related or exempt $102,925 · unrelated business $120,602

  • 2d · Program service revenue: CONFERENCES AND MEETINGS

    total $130,792 · related or exempt $118,292 · unrelated business $12,500

  • 2e · Program service revenue: CERTIFICATION FEES

    total $45,527 · related or exempt $45,527

  • 3 · Investment income

    total $119,791 · excluded $119,791

  • 5 · Royalties

    total $37,501 · excluded $37,501

  • 6a · Gross rents

    real property $54,599

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $54,599

  • 6d · Net rental income or loss

    total $54,599 · excluded $54,599

  • 7a · Gross sales of assets other than inventory

    securities $866,992

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

    securities $886,154

  • 7c · Gain or loss

    securities -$19,162

  • 7d · Net gain or loss

    total -$19,162 · related or exempt -$8,689 · excluded -$10,473

  • 11a · Other revenue: AFFINITY PROGRAMS

    total $62,135 · unrelated business $62,135

  • 11b · Other revenue: CERFITICATIONS/DESIGNATIONS

    total $35,882 · related or exempt $35,882

  • 11c · Other revenue: OTHER

    total $2,810 · unrelated business $2,810

  • 11e · Other revenue, total

    $100,827

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $305,890

  • 2 · Grants to domestic individuals

    total $97,650

  • 5 · Compensation of officers, directors and key employees

    total $1,172,997

  • 7 · Other salaries and wages

    total $4,281,075

  • 8 · Pension plan contributions

    total $100,455

  • 9 · Other employee benefits

    total $570,982

  • 10 · Payroll taxes

    total $334,164

  • 11b · Fees: legal

    total $53,281

  • 11c · Fees: accounting

    total $74,334

  • 11d · Fees: lobbying

    total $542,091

  • 11f · Fees: investment management

    total $26,516

  • 11g · Fees: other

    total $252,182

  • 12 · Advertising and promotion

    total $48,478

  • 13 · Office expenses

    total $444,807

  • 14 · Information technology

    total $498,372

  • 16 · Occupancy

    total $555,240

  • 17 · Travel

    total $435,973

  • 19 · Conferences, conventions and meetings

    total $719,411

  • 22 · Depreciation, depletion and amortization

    total $98,912

  • 23 · Insurance

    total $81,027

  • 24a · Other expenses: CREDIT CARD/BANKING FEE

    total $262,777

  • 24b · Other expenses: LIFE CONTRIBUTION

    total $100,000

  • 24c · Other expenses: COMMISSION

    total $20,808

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,550,655 · end of year $1,202,237

  • 4 · Accounts receivable

    beginning of year $73,965 · end of year $21,161

  • 9 · Prepaid expenses and deferred charges

    beginning of year $166,039 · end of year $160,406

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

    $585,197

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

    $321,352

  • 10c · Land, buildings and equipment, net

    beginning of year $101,778 · end of year $263,845

  • 11 · Investments: publicly traded securities

    beginning of year $3,692,759 · end of year $3,635,161

  • 15 · Other assets

    beginning of year $770,487 · end of year $3,082,559

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,225,190 · end of year $1,784,540

  • 19 · Deferred revenue

    beginning of year $1,823,589 · end of year $1,444,487

  • 23 · Secured mortgages and notes payable

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

  • 25 · Other liabilities

    beginning of year $465,361 · end of year $2,751,277

  • 27 · Net assets without donor restrictions

    beginning of year $2,317,916 · end of year $1,873,928

  • 28 · Net assets with donor restrictions

    beginning of year $24,227 · end of year $11,737

Mission and programs · 2023

Mission

EMPOWERING FINANCIAL PROFESSIONALS AND CONSUMERS THROUGH WORLD-CLASS ADVOCACY AND EDUCATION.

  • 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 2023 return.

Listed in Part VII

  • Aprilyn Chavez Geissler

    DIRECTOR

    Total calculated
    $915
    From this org
    $915
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Brian J Haney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brock Jolly

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Bryon Holz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Carina A Hatfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Gandy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Danny O'Connell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennis Cuccinelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Douglas Massey

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Evelyn Gellar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Larry Holzberg

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $1,065
    From this org
    $1,065
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Mark Acre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Cothron

    PRESIDENT-ELECT

    Total calculated
    $1,451
    From this org
    $1,451
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Winona Havir

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erni Davis

    CFO

    Total calculated
    $231,791
    From this org
    $208,786
    From related orgs
    $0
    Other
    $23,005
    Hours/week
    35 + 10 related

    Schedule J breakdown matched by us

    Base
    $196,464
    Bonus
    $10,000
    Other
    $2,322
    Deferred
    $5,902
    Nontaxable benefits
    $17,103
    Filer's total
    $231,791

  • Kevin M Mayeux

    CEO

    Total calculated
    $592,482
    From this org
    $562,364
    From related orgs
    $0
    Other
    $30,118
    Hours/week
    35 + 10 related

    Schedule J breakdown matched by us

    Base
    $496,747
    Bonus
    $64,375
    Other
    $1,242
    Deferred
    $9,900
    Nontaxable benefits
    $20,218
    Filer's total
    $592,482

  • Michael Gerber

    COO & GENERAL COUNSEL

    Total calculated
    $345,293
    From this org
    $313,739
    From related orgs
    $0
    Other
    $31,554
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,417
    Bonus
    $10,000
    Other
    $2,322
    Deferred
    $8,746
    Nontaxable benefits
    $22,808
    Filer's total
    $345,293

  • Corey Mathews

    VP, MEMBER & CHAPTER SERVICES

    Total calculated
    $187,524
    From this org
    $165,623
    From related orgs
    $0
    Other
    $21,901
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,341
    Bonus
    $2,500
    Other
    $782
    Deferred
    $4,878
    Nontaxable benefits
    $17,023
    Filer's total
    $187,524

  • Diane Boyle

    SVP, GOVERNMENT RELATIONS

    Total calculated
    $317,756
    From this org
    $288,633
    From related orgs
    $0
    Other
    $29,123
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,311
    Bonus
    $5,000
    Other
    $2,322
    Deferred
    $3,209
    Nontaxable benefits
    $25,914
    Filer's total
    $317,756

  • Karla Kirk

    VP, GROWTH & REVENUE

    Total calculated
    $259,784
    From this org
    $236,560
    From related orgs
    $0
    Other
    $23,224
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,476
    Bonus
    $6,842
    Other
    $1,242
    Deferred
    $6,842
    Nontaxable benefits
    $16,382
    Filer's total
    $259,784

  • Phu Ngo

    VP, TECHNOLOGY

    Total calculated
    $220,079
    From this org
    $191,358
    From related orgs
    $0
    Other
    $28,721
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,653
    Bonus
    $5,383
    Other
    $2,322
    Deferred
    $5,383
    Nontaxable benefits
    $23,338
    Filer's total
    $220,079

  • Suzanne Carawan

    VP, MARKETING & COMMUNICATIONS

    Total calculated
    $196,948
    From this org
    $188,461
    From related orgs
    $0
    Other
    $8,487
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,219
    Bonus
    $3,000
    Other
    $1,242
    Deferred
    $5,527
    Nontaxable benefits
    $2,960
    Filer's total
    $196,948

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, AND APRILYN CHAVEZ GEISSLER 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

  • NAIFA PAC

    $300,000

    POLITICAL CONTRIBUTION

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349312027

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