Form 990 for tax year 2022
Filed by NATIONAL ASSOCIATION FOR FIXED ANNUITIES.
Totals
- Total revenue
- $1,421,840
- Total expenses
- $1,233,780
- Contributions and grants received
- $76,000
- Grants paid
- $0
- Program service revenue
- $1,343,272
- Investment income
- $2,568
- Other revenue
- $0
- Total assets, end of year
- $1,430,503
- Total liabilities, end of year
- $573,741
- Net assets or fund balances, end of year
- $856,762
- Program services expenses (Part IX)
- $1,233,780
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $1,233,780
Program services were 100.0% 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.
-
1e · Government grants (contributions)
$76,000
-
2a · Program service revenue: Dues
total $694,869 · related or exempt $694,869
-
2b · Program service revenue: Sponsorships
total $520,608 · related or exempt $520,608
-
2c · Program service revenue: Attendee Revenue
total $97,650 · related or exempt $97,650
-
2d · Program service revenue: Other
total $30,145 · related or exempt $30,145
-
3 · Investment income
total $2,568 · excluded $2,568
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $218,386 · program services $218,386
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $283,628 · program services $283,628
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $48,121 · program services $48,121
-
10 · Payroll taxes
total $34,192 · program services $34,192
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $32,570 · program services $32,570
-
11c · Fees: accounting
total $20,235 · program services $20,235
-
11d · Fees: lobbying
total $111,034 · program services $111,034
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $107,357 · program services $107,357
-
12 · Advertising and promotion
total $8,970 · program services $8,970
-
13 · Office expenses
total $13,882 · program services $13,882
-
14 · Information technology
total $4,692 · program services $4,692
-
15 · Royalties
total $0
-
16 · Occupancy
total $3,227 · program services $3,227
-
17 · Travel
total $51,232 · program services $51,232
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $269,355 · program services $269,355
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,584 · program services $2,584
-
24a · Other expenses: Miscellaneous
total $15,513 · program services $15,513
-
24b · Other expenses: Postage and Shipping
total $3,309 · program services $3,309
-
24c · Other expenses: Dues Registrations and Subscriptions
total $1,444 · program services $1,444
-
24d · Other expenses: Bank Fees
total $4,049 · program services $4,049
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,031,901 · end of year $1,379,060
-
4 · Accounts receivable
beginning of year $54,955 · end of year $21,443
-
9 · Prepaid expenses and deferred charges
beginning of year $24,387 · end of year $30,000
-
17 · Accounts payable and accrued expenses
beginning of year $3,541 · end of year $34,991
-
19 · Deferred revenue
beginning of year $439,000 · end of year $538,750
-
27 · Net assets without donor restrictions
beginning of year $668,702 · end of year $856,762
Mission and programs · 2022
Mission
NAFA is exclusively dedicated to promoting the awareness and understanding of fixed income and deferred annuities through the education of policymakers, journalists, consumers, and the industry.
-
EDUCATION/PROMOTION - NAFA participates in promoting June as National Annuity Awareness Month by contributing content to AnnuRetirement.com, promotional material in trade publications, solicitation of state Governors for proclamations and holds one of its two annual conferences during June focused on the use of annuities in retirement planning. Monthly webinars are produced to education industry professionals on fixed annuities and fixed indexed annuities. Additionally, whitepapers, toolkits and media responses were developed and were distributed to enhance the understanding of, and compliance with, the use of annuities in retirement portfolios. NAFA works with CapCity Advocates to assist in educating and informing federal regulators, legislators and policymakers about fixed annuities and their role in financial planning increase awareness of NAFA and its mission. NAFA works with other trade associations in activities on both the state and federal level that further our mission and the number of Americans who own a fixed annuity.
Expenses $909,420 · Revenue $803,583
-
CONFERENCES - NAFA held the Annuity Leadership Forum in June in Washington DC and the Annuity Distribution Summit in Santa Monica California in 2022. Both conferences were designed to educate and inform attendees about fixed annuities and compliance with regulations and legislation governing fixed annuities. The events provided innovative and forward-thinking presentations by thought leaders in the industry and the business community. Both conferences resulted in net revenue gains to the association.
Expenses $324,360 · Revenue $618,258
As filed on the 2022 return.
Listed in Part VII
-
Charles DiVencenzo Jr
Executive Director
- Total calculated
- $218,386
- From this org
- $207,225
- From related orgs
- $0
- Other
- $11,161
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,225
- Bonus
- $25,000
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $11,161
- Filer's total
- $218,386
-
Pamela Heinrich
Director of Legal Govt Affairs
- Total calculated
- $109,904
- From this org
- $101,904
- From related orgs
- $0
- Other
- $8,000
- Hours/week
- 40
-
Heather Kane
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Mike Morrone
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Kevin Mechtley
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
David Wolfe
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Dan Acker
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jay Brown
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bruce Donaldson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tad Fifer
Director
- Total calculated
- $0
- Hours/week
- 1
-
Wes Gilbreath
Director
- Total calculated
- $0
- Hours/week
- 1
-
Maureen James
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brendon Kelly
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jason Krohnke
Director
- Total calculated
- $0
- Hours/week
- 1
-
Paul Kruth
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ryan Lex
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nate Lucius
Director
- Total calculated
- $0
- Hours/week
- 1
-
Darcy Matz
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Payne
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brian Peterson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Janet Sipes
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tiya Stanley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Matt Tarkenton
Director
- Total calculated
- $0
- Hours/week
- 1
-
Eric Taylor
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tamiko Toland
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mike Tripses
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark Williams
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 18 April 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341089349300544
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