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← ASSOCIATION OF LIFE INSURANCE COUNSEL

Form 990 for tax year 2023

Filed by ASSOCIATION OF LIFE INSURANCE COUNSEL.

Totals

Total revenue
$492,222
Total expenses
$505,213
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$102,250
Investment income
$31,419
Other revenue
$358,553
Total assets, end of year
$580,697
Total liabilities, end of year
$66,150
Net assets or fund balances, end of year
$514,547
Program services expenses (Part IX)
$433,853
Management and general expenses
$71,360
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 85.9% 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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $102,250 · related or exempt $102,250

  • 3 · Investment income

    total $31,419 · related or exempt $31,419

  • 11a · Other revenue: ANNUAL MEETING

    total $356,717 · related or exempt $356,717

  • 11b · Other revenue: OTHER REVENUE

    total $1,836 · related or exempt $1,836

  • 11e · Other revenue, total

    $358,553

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $68,108 · program services $34,054 · management and general $34,054

  • 12 · Advertising and promotion

    total $12,169 · program services $2,134 · management and general $10,035

  • 13 · Office expenses

    total $6,850 · management and general $6,850

  • 19 · Conferences, conventions and meetings

    total $397,665 · program services $397,665

  • 23 · Insurance

    total $1,149 · management and general $1,149

  • 24a · Other expenses: BANK FEES

    total $19,272 · management and general $19,272

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $260,611 · end of year $210,022

  • 9 · Prepaid expenses and deferred charges

    beginning of year $89,764 · end of year $105,958

  • 11 · Investments: publicly traded securities

    beginning of year $225,538 · end of year $244,717

  • 15 · Other assets

    beginning of year $70,000 · end of year $20,000

  • 19 · Deferred revenue

    beginning of year $118,375 · end of year $66,150

  • 27 · Net assets without donor restrictions

    beginning of year $527,538 · end of year $514,547

Mission and programs · 2023

Mission

THE ASSOCIATION OF LIFE INSURANCE COUNSEL PROMOTES THE EFFECTIVENESS OF LEGAL SERVICES TO LIFE INSURANCE COMPANIES, AND FURTHERS THE EDUCATION AND PROFESSIONAL ABILITIES OF LIFE INSURANCE LAWYERS.

  • TO FURTHER THE EDUCATION OF EFFECTIVENESS OF THE LIFE INSURANCE COUNSEL THROUGH PUBLICATIONS AND EDUCATION PROGRAMS.

  • TO FURTHER THE EDUCATION OF EFFECTIVENESS OF THE LIFE INSURANCE COUNSEL THROUGH PUBLICATIONS AND EDUCATION PROGRAMS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Aditi Banerjee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kenyatta Bolden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lisa Bondurant

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kermitt Brooks

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Richard Choi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mark Drew

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Angela Fontana

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    3

  • Ayana Gordon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Andrew Holland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ryan Heinemann

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Paul Johnston

    PRESIDENT EL

    Total calculated
    $0
    Hours/week
    2

  • Dodie Kent

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Natalie Lamarque

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael O'Connor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jay Orlandi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Shaul

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Allison Tam

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jacqueline Veneziani

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jason Walters

    SECRETARY TR

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202413199349310926

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