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Nonprofiteer
← AMERICAN COUNCIL OF LIFE INSURERS INC

Form 990 for tax year 2024

Filed by AMERICAN COUNCIL OF LIFE INSURERS INC.

Totals

Total revenue
$77,275,837
Total expenses
$60,252,412
Contributions and grants received
$0
Grants paid
$383,324
Program service revenue
$74,686,787
Investment income
$1,852,163
Other revenue
$736,887
Total assets, end of year
$78,390,116
Total liabilities, end of year
$24,319,673
Net assets or fund balances, end of year
$54,070,443
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.

  • 2a · Program service revenue: DUES

    total $68,672,446 · related or exempt $68,672,446

  • 2b · Program service revenue: REGISTRATION FEES

    total $3,576,534 · related or exempt $3,576,534

  • 2c · Program service revenue: AFFILIATE PROGRAM

    total $2,213,888 · related or exempt $2,213,888

  • 2d · Program service revenue: INTERNATIONAL PROGRAM

    total $127,469 · related or exempt $127,469

  • 2e · Program service revenue: PUBLICATION SALES

    total $96,450 · related or exempt $96,450

  • 3 · Investment income

    total $1,309,464 · excluded $1,309,464

  • 6a · Gross rents

    real property $1,739,877

  • 6b · Less rental expenses

    real property $2,749,490

  • 6c · Rental income or loss

    real property -$1,009,613

  • 6d · Net rental income or loss

    total -$1,009,613 · excluded -$1,009,613

  • 7a · Gross sales of assets other than inventory

    securities $2,583,705

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

    securities $2,057,456 · other assets -$16,450

  • 7c · Gain or loss

    securities $526,249 · other assets $16,450

  • 7d · Net gain or loss

    total $542,699 · excluded $542,699

  • 11a · Other revenue: SPECIAL PROJECT

    total $1,543,716 · related or exempt $1,543,716

  • 11b · Other revenue: RETIREE BENEFIT

    total $80,113 · related or exempt $80,113

  • 11c · Other revenue: PARKING PERMIT INCOME

    total $69,885 · unrelated business $69,885

  • 11d · All other revenue

    total $52,786 · related or exempt $18,154 · unrelated business $34,632

  • 11e · Other revenue, total

    $1,746,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $383,324

  • 5 · Compensation of officers, directors and key employees

    total $12,404,633

  • 7 · Other salaries and wages

    total $17,992,511

  • 8 · Pension plan contributions

    total $2,438,638

  • 9 · Other employee benefits

    total $2,711,487

  • 10 · Payroll taxes

    total $1,560,305

  • 11b · Fees: legal

    total $50,649

  • 11c · Fees: accounting

    total $87,033

  • 11d · Fees: lobbying

    total $2,615,177

  • 11f · Fees: investment management

    total $170,122

  • 11g · Fees: other

    total $4,514,675

  • 12 · Advertising and promotion

    total $1,233,653

  • 13 · Office expenses

    total $677,562

  • 14 · Information technology

    total $1,164,656

  • 16 · Occupancy

    total $2,014,243

  • 17 · Travel

    total $681,289

  • 19 · Conferences, conventions and meetings

    total $4,572,451

  • 22 · Depreciation, depletion and amortization

    total $246,711

  • 23 · Insurance

    total $137,422

  • 24a · Other expenses: FEDERAL & DC TAXES

    total $15,059

  • 24b · Other expenses: EXCISE TAX

    total $1,343,340

  • 24c · Other expenses: DUES AND MEMBERSHIPS

    total $993,144

  • 24d · Other expenses: GRASSROOTS ADVOCACY

    total $795,300

  • 24e · All other expenses

    total $1,449,028

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $438 · end of year $294

  • 2 · Savings and temporary cash investments

    beginning of year $18,581,753 · end of year $33,103,046

  • 4 · Accounts receivable

    beginning of year $334,094 · end of year $444,424

  • 9 · Prepaid expenses and deferred charges

    beginning of year $848,566 · end of year $713,901

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

    $7,635,705

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

    $6,377,633

  • 10c · Land, buildings and equipment, net

    beginning of year $534,108 · end of year $1,258,072

  • 12 · Investments: other securities

    beginning of year $35,389,226 · end of year $36,582,993

  • 14 · Intangible assets

    beginning of year $325,000 · end of year $325,000

  • 15 · Other assets

    beginning of year $8,670,548 · end of year $5,962,386

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,466,248 · end of year $8,581,938

  • 19 · Deferred revenue

    beginning of year $2,265,929 · end of year $886,728

  • 25 · Other liabilities

    beginning of year $18,214,288 · end of year $14,851,007

  • 27 · Net assets without donor restrictions

    beginning of year $35,427,023 · end of year $39,212,973

  • 28 · Net assets with donor restrictions

    beginning of year $310,245 · end of year $14,857,470

Mission and programs · 2024

Mission

THE AMERICAN COUNCIL OF LIFE INSURERS, INC. (ACLI), A NON-PROFIT ORGANIZATION INCORPORATED IN DELAWARE, PROVIDES A UNIFIED MEMBERSHIP ASSOCIATION TO ADVANCE THE COMMON INTERESTS OF THE LIFE INSURANCE INDUSTRY. THE ACLI IS A UNIFIED VOICE ON ISSUES FROM RETIREMENT SECURITY TO TAX POLICY TO INTERNATIONAL TRADE. WE ARE BACKED BY AN INDUSTRY WITH MORE THAN 200 YEARS OF EXPERIENCE PROTECTING AMERICAN FAMILIES AND BUSINESSES. THE ACLI SHAPES PUBLIC DEBATE, STAYS AHEAD OF TRENDS, AND HELPS ITS MEMBERS COMPETE IN CHANGING TIMES. THE ACLI EXPANDS AWARENESS OF HOW THE PRODUCTS OFFERED BY LIFE INSURERS- LIFE INSURANCE, ANNUITIES, DISABILITY INCOME AND LONG-TERM CARE INSURANCE, PENSION, 401(K), 403(B), 457 PLANS, AND IRAS-HELP AMERICANS PLAN FOR AND ACHIEVE FINANCIAL AND RETIREMENT SECURITY.

Activities or mission (Part I)

PROVIDES A UNIFIED MEMBERSHIP ASSOCIATION TO ADVANCE THE COMMON INTERESTS OF THE LIFE INSURANCE INDUSTRY. THE ACLI IS A UNIFIED VOICE ON ISSUES FROM RETIREMENT SECURITY TO TAX POLICY TO INTERNATIONAL TRADE. WE ARE BACKED BY AN INDUSTRY WITH MORE THAN 200 YEARS OF EXPERIENCE PROTECTING AMERICAN FAMILIES AND BUSINESSES. THE ACLI SHAPES PUBLIC DEBATE, STAYS AHEAD OF TRENDS, AND HELPS ITS MEMBERS COMPETE IN CHANGING TIMES. THE ACLI EXPANDS AWARENESS OF HOW THE PRODUCTS OFFERED BY LIFE INSURERS-LIFE INSURANCE, ANNUITIES, DISABILITY INCOME AND LONG-TERM CARE INSURANCE, PENSION, 401(K), 403(B), 457 PLANS, AND IRAS - HELP AMERICANS PLAN FOR AND ACHIEVE FINANCIAL AND RETIREMENT SECURITY.

  • STATE AFFAIRS:REPRESENTS THE INDUSTRY IN STATE AND LOCAL LEGISLATIVE MATTERS, RESEARCHES AND COMPILES STATISTICS FOR THE LIFE INSURANCE INDUSTRY.

  • PUBLIC AFFAIRS:CLEARINGHOUSE FOR EXCHANGE OF INDUSTRY IDEAS, STUDIES POSSIBLE SERVICE ENHANCEMENTS, PROMOTES INDUSTRY UNDERSTANDING.

  • FEDERAL AFFAIRS:REPRESENTS THE INDUSTRY IN FEDERAL LEGISLATIVE MATTERS, RESEARCHES AND COMPILES STATISTICS FOR THE LIFE INSURANCE INDUSTRY.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rich Bielen

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Teresa Rasmussen

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    2

  • Andrew McMahon

    CHAIR-ELECT DESIGNATE

    Total calculated
    $0
    Hours/week
    2

  • Paul Quaranto Jr

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Allan Levine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brooks Tingle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Caroline Feeney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Craig Desanto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dan Houston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Darryl Button

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ellen Cooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eric Steigerwalt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gary Bhojwani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Grant Kvalheim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gumer Alvero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Heather Lavallee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jasmine Jirele

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Laura Prieskorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marc-Andre Giguere

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mehran Assadi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nick Lane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peter Schaefer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ramy Tadros

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard McKenney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rob Reed Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ronald Herrmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • J Scott Davison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Tim Gerend

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Virgil Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Will Fuller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Zarifa Brown Reynolds

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Esfand Dinshaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Frederick Crawford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joseph Monk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kevin Hogan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Margaret Meister

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Neil Sprackling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Roger Crandall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Wheeler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susan Neely

    PRESIDENT & CEO

    Total calculated
    $6,340,825
    From this org
    $4,986,780
    From related orgs
    $0
    Other
    $1,354,045
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,750,968
    Bonus
    $1,600,000
    Other
    $1,635,812
    Deferred
    $1,316,605
    Nontaxable benefits
    $38,398
    Filer's total
    $6,341,783

  • David C Chavern

    PRESIDENT & CEO

    Total calculated
    $1,164,444
    From this org
    $1,130,050
    From related orgs
    $0
    Other
    $34,394
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $514,091
    Bonus
    $590,250
    Other
    $25,709
    Deferred
    $24,150
    Nontaxable benefits
    $10,776
    Filer's total
    $1,164,976

  • David C Turner

    COO & CORPORATE SECRETARY

    Total calculated
    $1,118,665
    From this org
    $960,287
    From related orgs
    $0
    Other
    $158,378
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $658,144
    Bonus
    $208,844
    Other
    $93,299
    Deferred
    $117,673
    Nontaxable benefits
    $44,563
    Filer's total
    $1,122,523

  • Scott Dixon

    SVP, CHIEF FINANCIAL OFFICER

    Total calculated
    $504,297
    From this org
    $414,248
    From related orgs
    $0
    Other
    $90,049
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $324,324
    Bonus
    $64,982
    Other
    $24,942
    Deferred
    $45,376
    Nontaxable benefits
    $48,531
    Filer's total
    $508,155

  • Donald L Walker

    SVP, ADMINISTRATION & CFO

    Total calculated
    $558,328
    From this org
    $480,762
    From related orgs
    $0
    Other
    $77,566
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,506
    Bonus
    $141,909
    Other
    $53,347
    Deferred
    $53,126
    Nontaxable benefits
    $25,838
    Filer's total
    $559,726

  • Jill A Kozeny

    EVP, CHIEF ADVOCACY OFFICER

    Total calculated
    $923,328
    From this org
    $824,920
    From related orgs
    $0
    Other
    $98,408
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $620,484
    Bonus
    $171,826
    Other
    $32,610
    Deferred
    $92,762
    Nontaxable benefits
    $7,784
    Filer's total
    $925,466

  • Jillian E Froment

    EVP & GENERAL COUNSEL

    Total calculated
    $807,394
    From this org
    $722,134
    From related orgs
    $0
    Other
    $85,260
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $522,341
    Bonus
    $171,675
    Other
    $28,118
    Deferred
    $40,614
    Nontaxable benefits
    $45,924
    Filer's total
    $808,672

  • Joyce Y Meyer

    EVP, GOVERNMENT RELATIONS

    Total calculated
    $619,458
    From this org
    $539,944
    From related orgs
    $0
    Other
    $79,514
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,840
    Bonus
    $189,115
    Other
    $82,989
    Deferred
    $79,514
    Nontaxable benefits
    $426
    Filer's total
    $619,884

  • Leah J Walters

    SVP, STATE RELATIONS

    Total calculated
    $596,266
    From this org
    $491,591
    From related orgs
    $0
    Other
    $104,675
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $375,028
    Bonus
    $107,010
    Other
    $9,553
    Deferred
    $59,029
    Nontaxable benefits
    $46,924
    Filer's total
    $597,544

  • Mariana E Gomez

    SVP, POLICY DEVELOPMENT

    Total calculated
    $533,163
    From this org
    $443,639
    From related orgs
    $0
    Other
    $89,524
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $346,617
    Bonus
    $95,000
    Other
    $2,022
    Deferred
    $48,819
    Nontaxable benefits
    $44,563
    Filer's total
    $537,021

  • Howard M Bard

    SVP, PRINCIPAL DEP GEN COUNSEL

    Total calculated
    $459,787
    From this org
    $407,826
    From related orgs
    $0
    Other
    $51,961
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $339,262
    Bonus
    $65,000
    Other
    $3,564
    Deferred
    $35,806
    Nontaxable benefits
    $20,013
    Filer's total
    $463,645

  • Regina Y Rose

    SVP, TAX POLICY

    Total calculated
    $630,743
    From this org
    $559,119
    From related orgs
    $0
    Other
    $71,624
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $386,812
    Bonus
    $114,000
    Other
    $58,307
    Deferred
    $53,519
    Nontaxable benefits
    $21,963
    Filer's total
    $634,601

  • Kathleen A Coulombe

    SVP, FEDERAL RELATIONS

    Total calculated
    $510,101
    From this org
    $445,720
    From related orgs
    $0
    Other
    $64,381
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $359,500
    Bonus
    $85,410
    Other
    $810
    Deferred
    $35,435
    Nontaxable benefits
    $32,804
    Filer's total
    $513,959

  • Cynthia L Goff

    VP, SUPPLEMENTAL PRODUCTS & GROUP INSURANCE

    Total calculated
    $441,832
    From this org
    $398,435
    From related orgs
    $0
    Other
    $43,397
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,313
    Bonus
    $66,500
    Other
    $7,622
    Deferred
    $27,105
    Nontaxable benefits
    $17,251
    Filer's total
    $442,791

  • Jessica B Mancari

    SVP, PUBLIC AFFAIRS

    Total calculated
    $428,612
    From this org
    $395,474
    From related orgs
    $0
    Other
    $33,138
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $314,627
    Bonus
    $80,310
    Other
    $537
    Deferred
    $32,031
    Nontaxable benefits
    $4,964
    Filer's total
    $432,469

  • Nancy B Moon

    SVP, MEMBER RELATIONS & DEP CORP SECRETARY

    Total calculated
    $438,714
    From this org
    $391,348
    From related orgs
    $0
    Other
    $47,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,500
    Bonus
    $84,300
    Other
    $4,548
    Deferred
    $47,366
    Nontaxable benefits
    $6,278
    Filer's total
    $444,992

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 · First-class or charter travel
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
FIRST CLASS AIR TRAVEL IS PERMITTED BASED ON SEAT AVAILABILITY. SUSAN NEELY AND DAVID CHAVERN CHOSE TO FLY FIRST CLASS ON SOME FLIGHTS DURING THE YEAR. SUSAN NEELY RECEIVED THE BENEFIT OF SOCIAL CLUB DUES IN THE AMOUNT OF $10,000. THIS AMOUNT WAS INCLUDED IN BOX 5 OF W-2.
PART I, LINE 4B
SUSAN NEELY PARTICIPATES IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS. ACLI CONTRIBUTED $767,397 TO THE PLANS DURING THE YEAR. THE FOLLOWING EMPLOYEES RECEIVED A PAYMENT FROM NONQUALIFIED RETIREMENT PLAN: SUSAN NEELY - $1,555,554 DAVID C. TURNER - $66,735 DONALD L. WALKER - $37,785 JILL A. KOZENY - $29,170 JILLIAN E. FROMENT - $3,176 REGINA Y. ROSE - $31,043 JOYCE Y. MEYER - $82,627 LEAH J. WALTERS - $6,531 MARIANA E. GOMEZ - $782 CYNTHIA L. GOFF - $64 NANCY B. MOON - $3,269

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.

  • INTERNATIONAL PENSION FOUNDATION

    501(C)(3) · DEVELOPMENT OF PENSION SYSTEMS IN UNDER-DEVELOPED COUNTRIES · DC · controlled entity

    Directly controlled by AMERICAN COUNCIL OF LIFE INSURERS

  • AMERICANS TO PROTECT FAMILY SECURITY

    501(C)(4) · EDUCATE POLICYMAKERS ABOUT THE ROLE OF LIFE INSURANCE TO AMERICANS · DC · controlled entity

    Directly controlled by AMERICAN COUNCIL OF LIFE INSURERS

  • ACLI PAC

    527 · COLLECTING VOLUNTARY CONTRIBUTIONS FOR POLITICAL CANDIDATES AND COMMITTEES · DC · controlled entity

    Directly controlled by AMERICAN COUNCIL OF LIFE INSURERS

  • 360 COMMUNITY CAPITAL

    501(C)(3) · INCREASE IMPACT INVESTMENTS INTO LOW-INCOME COMMUNITIES · DC · controlled entity

    Directly controlled by AMERICAN COUNCIL OF LIFE INSURERS

  • ACLI POLITICAL ACTIVITY FUND

    527 · COLLECTING VOLUNTARY CONTRIBUTIONS FOR POLITICAL CANDIDATES AND COMMITTEES · DC · controlled entity

    Directly controlled by AMERICAN COUNCIL OF LIFE INSURERS

Provenance

Return type
form_990
Tax year
2024
Filed
10 October 2025
IRS schema version
2024v5.2
Source object
202542889349301624

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