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Nonprofiteer
← INSURANCE LEGISLATORS FOUNDATION INC

Form 990 for tax year 2023

Filed by INSURANCE LEGISLATORS FOUNDATION INC.

Totals

Total revenue
$213,752
Total expenses
$125,829
Contributions and grants received
$172,383
Grants paid
$40,278
Program service revenue
$41,369
Investment income
$0
Other revenue
$0
Total assets, end of year
$147,977
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$147,977
Program services expenses (Part IX)
$107,179
Management and general expenses
$6,495
Fundraising expenses
$12,155
Program service expenses (Part III)
$107,179

Program services were 85.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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

    $3,883

  • 1f · All other contributions, gifts and grants

    $168,500

  • 2f · All other program service revenue

    total $41,369 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $40,278 · program services $40,278

  • 11a · Fees: management

    total $3,883 · program services $2,524 · management and general $1,359 · fundraising $0

  • 13 · Office expenses

    total $136 · program services $0 · management and general $136 · fundraising $0

  • 17 · Travel

    total $19,377 · program services $19,377 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $45,000 · program services $45,000 · management and general $0 · fundraising $0

  • 24a · Other expenses: Professional Fees

    total $5,000 · program services $0 · management and general $5,000 · fundraising $0

  • 24b · Other expenses: Golf Outing

    total $12,155 · program services $0 · management and general $0 · fundraising $12,155

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $64,929 · end of year $147,977

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,875 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $60,054 · end of year $147,977

Mission and programs · 2023

Mission

The Insurance Legislators Foundation (ILF) is a non-stock, non-profit formed in 1993. The purpose of the organization as stated in its bylaws includes, in part, educating and informing legislators on public policy arising from insurance-related legislation & regulation.

  • EDUCATE AND INFORM LEGISTLATORS ON PUBLIC POLICY ISSUES ARISING FROM INSURANCE-RELATED LEGISLATION AND REGULATION

    Expenses $107,179 · Grants $40,278 · Revenue $213,752

As filed on the 2023 return.

Listed in Part VII

  • Deborah Ferguson

    President

    Total calculated
    $0
    Hours/week
    1

  • Tom Oliverson

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Pamela Hunter

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Paul Utke

    Secretary

    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.

Grants on this return

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 August 2024
IRS schema version
2023v5.1
Source object
202412679349300741

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