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Nonprofiteer
← AMERICAN COUNCIL OF LIFE INSURERS INC

Form 990 for tax year 2023

Filed by AMERICAN COUNCIL OF LIFE INSURERS INC.

Totals

Total revenue
$53,416,098
Total expenses
$52,048,437
Contributions and grants received
$0
Grants paid
$422,382
Program service revenue
$52,390,103
Investment income
$1,055,244
Other revenue
-$29,249
Total assets, end of year
$64,683,733
Total liabilities, end of year
$28,946,465
Net assets or fund balances, end of year
$35,737,268
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 $48,605,325 · related or exempt $48,605,325

  • 2b · Program service revenue: REGISTRATION FEES

    total $2,150,128 · related or exempt $2,150,128

  • 2c · Program service revenue: AFFILIATE PROGRAM

    total $1,454,721 · related or exempt $1,454,721

  • 2d · Program service revenue: PUBLICATION SALES

    total $104,929 · related or exempt $104,929

  • 2e · Program service revenue: INTERNATIONAL PROGRAM

    total $75,000 · related or exempt $75,000

  • 3 · Investment income

    total $775,049 · excluded $775,049

  • 6a · Gross rents

    real property $1,736,800

  • 6b · Less rental expenses

    real property $2,776,170

  • 6c · Rental income or loss

    real property -$1,039,370

  • 6d · Net rental income or loss

    total -$1,039,370 · excluded -$1,039,370

  • 7a · Gross sales of assets other than inventory

    securities $2,017,958

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

    securities $1,737,763

  • 7c · Gain or loss

    securities $280,195

  • 7d · Net gain or loss

    total $280,195 · excluded $280,195

  • 11a · Other revenue: SPECIAL PROJECT

    total $707,417 · related or exempt $707,417

  • 11b · Other revenue: RETIREE BENEFIT

    total $123,108 · related or exempt $123,108

  • 11c · Other revenue: PARKING PERMIT INCOME

    total $77,797 · unrelated business $77,797

  • 11d · All other revenue

    total $101,799 · related or exempt $34,623 · unrelated business $67,176

  • 11e · Other revenue, total

    $1,010,121

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $422,382

  • 5 · Compensation of officers, directors and key employees

    total $10,463,167

  • 7 · Other salaries and wages

    total $18,279,314

  • 8 · Pension plan contributions

    total $2,750,411

  • 9 · Other employee benefits

    total $1,750,215

  • 10 · Payroll taxes

    total $1,404,859

  • 11b · Fees: legal

    total $129,141

  • 11c · Fees: accounting

    total $95,545

  • 11d · Fees: lobbying

    total $2,158,284

  • 11f · Fees: investment management

    total $160,734

  • 11g · Fees: other

    total $2,537,611

  • 12 · Advertising and promotion

    total $627,259

  • 13 · Office expenses

    total $720,636

  • 14 · Information technology

    total $1,026,310

  • 16 · Occupancy

    total $1,977,687

  • 17 · Travel

    total $633,109

  • 19 · Conferences, conventions and meetings

    total $2,692,924

  • 22 · Depreciation, depletion and amortization

    total $260,534

  • 23 · Insurance

    total $131,188

  • 24a · Other expenses: FEDERAL & DC TAXES

    total $12,874

  • 24b · Other expenses: ISSUE MANAGEMENT

    total $1,077,436

  • 24c · Other expenses: EXCISE TAX

    total $757,777

  • 24d · Other expenses: GRASSROOTS ADVOCACY

    total $722,426

  • 24e · All other expenses

    total $1,256,614

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $452 · end of year $438

  • 2 · Savings and temporary cash investments

    beginning of year $16,280,877 · end of year $18,581,753

  • 4 · Accounts receivable

    beginning of year $472,509 · end of year $334,094

  • 9 · Prepaid expenses and deferred charges

    beginning of year $813,667 · end of year $848,566

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

    $6,875,212

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

    $6,341,104

  • 10c · Land, buildings and equipment, net

    beginning of year $705,840 · end of year $534,108

  • 12 · Investments: other securities

    beginning of year $32,112,321 · end of year $35,389,226

  • 14 · Intangible assets

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

  • 15 · Other assets

    beginning of year $11,224,616 · end of year $8,670,548

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,354,578 · end of year $8,466,248

  • 19 · Deferred revenue

    beginning of year $916,946 · end of year $2,265,929

  • 25 · Other liabilities

    beginning of year $21,801,877 · end of year $18,214,288

  • 27 · Net assets without donor restrictions

    beginning of year $31,538,767 · end of year $35,427,023

  • 28 · Net assets with donor restrictions

    beginning of year $323,114 · end of year $310,245

Mission and programs · 2023

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

Listed in Part VII

  • Paul Quaranto Jr

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Richard Bielen

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    2

  • Teresa Rasmussen

    CHAIR-ELECT DESIGNATE

    Total calculated
    $0
    Hours/week
    2

  • Andrew Sullivan

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • J Scott Davison

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Gary Bhojwani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Roger Crandall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Esfand Dinshaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Allan Levine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew McMahon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brooks Tingle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Craig Desanto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Daniel 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

  • Frederick Crawford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gumer Alvero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jasmine Jirele

    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

  • Laura Prieskorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marc-Andre Giguere

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Margaret Meister

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mehran Assadi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Neil Sprackling

    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

  • Rob Reed Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ronald Herrmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Will Fuller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Wheeler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brandon Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Fosbury

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Lester

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard McKenney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jean Francois Poulin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Schlifske

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ramy Tadros

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Thomas Swank

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marianne Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susan Neely

    PRESIDENT & CEO

    Total calculated
    $6,382,425
    From this org
    $4,755,574
    From related orgs
    $0
    Other
    $1,626,851
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,545,661
    Bonus
    $1,362,840
    Other
    $1,847,073
    Deferred
    $1,591,788
    Nontaxable benefits
    $36,022
    Filer's total
    $6,383,384

  • David C Turner

    COO & CORPORATE SECRETARY

    Total calculated
    $1,044,913
    From this org
    $892,854
    From related orgs
    $0
    Other
    $152,059
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $623,775
    Bonus
    $201,300
    Other
    $67,779
    Deferred
    $109,635
    Nontaxable benefits
    $46,102
    Filer's total
    $1,048,591

  • Donald L Walker

    SVP, ADMINISTRATION & CFO

    Total calculated
    $773,302
    From this org
    $645,256
    From related orgs
    $0
    Other
    $128,046
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $446,779
    Bonus
    $134,600
    Other
    $63,877
    Deferred
    $80,685
    Nontaxable benefits
    $48,879
    Filer's total
    $774,820

  • Joyce Y Meyer

    EVP, GOVERNMENT RELATIONS

    Total calculated
    $1,146,978
    From this org
    $1,031,351
    From related orgs
    $0
    Other
    $115,627
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $746,235
    Bonus
    $236,200
    Other
    $48,916
    Deferred
    $115,627
    Nontaxable benefits
    $1,278
    Filer's total
    $1,148,256

  • Jill A Kozeny

    EVP, COMM & PUBLIC AFFAIRS

    Total calculated
    $691,563
    From this org
    $624,078
    From related orgs
    $0
    Other
    $67,485
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $463,650
    Bonus
    $144,000
    Other
    $16,428
    Deferred
    $62,170
    Nontaxable benefits
    $6,593
    Filer's total
    $692,841

  • Jillian E Froment

    EVP & GENERAL COUNSEL

    Total calculated
    $604,739
    From this org
    $549,240
    From related orgs
    $0
    Other
    $55,499
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $482,698
    Bonus
    $42,100
    Other
    $24,442
    Deferred
    $29,576
    Nontaxable benefits
    $27,201
    Filer's total
    $606,017

  • Leah J Walters

    SVP, STATE RELATIONS

    Total calculated
    $558,055
    From this org
    $463,528
    From related orgs
    $0
    Other
    $94,527
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $352,578
    Bonus
    $105,800
    Other
    $5,150
    Deferred
    $49,431
    Nontaxable benefits
    $46,374
    Filer's total
    $559,333

  • Mariana E Gomez

    SVP, POLICY DEVELOPMENT

    Total calculated
    $497,899
    From this org
    $405,743
    From related orgs
    $0
    Other
    $92,156
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,868
    Bonus
    $87,230
    Other
    $1,645
    Deferred
    $43,682
    Nontaxable benefits
    $54,552
    Filer's total
    $503,977

  • Paul S Graham

    SVP, POLICY DEVELOPMENT

    Total calculated
    $318,130
    From this org
    $294,629
    From related orgs
    $0
    Other
    $23,501
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,485
    Bonus
    $145,500
    Other
    $40,644
    Deferred
    $14,400
    Nontaxable benefits
    $9,421
    Filer's total
    $318,450

  • Kimberly W Ross

    SVP, FEDERAL RELATIONS

    Total calculated
    $651,625
    From this org
    $618,444
    From related orgs
    $0
    Other
    $33,181
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,222
    Bonus
    $112,700
    Other
    $217,522
    Deferred
    $31,148
    Nontaxable benefits
    $3,885
    Filer's total
    $653,477

  • Patrick C Reeder

    VP & DGC, EXTERNAL & REG AFFAIRS

    Total calculated
    $660,754
    From this org
    $584,369
    From related orgs
    $0
    Other
    $76,385
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $378,237
    Bonus
    $114,550
    Other
    $91,582
    Deferred
    $40,629
    Nontaxable benefits
    $39,234
    Filer's total
    $664,232

  • Regina Y Rose

    SVP, TAX POLICY

    Total calculated
    $628,630
    From this org
    $543,787
    From related orgs
    $0
    Other
    $84,843
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $374,484
    Bonus
    $121,800
    Other
    $47,503
    Deferred
    $64,043
    Nontaxable benefits
    $24,478
    Filer's total
    $632,308

  • Cynthia L Goff

    VP, SUPP PRODUCTS & GROUP

    Total calculated
    $421,505
    From this org
    $378,122
    From related orgs
    $0
    Other
    $43,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,762
    Bonus
    $60,900
    Other
    $4,460
    Deferred
    $25,633
    Nontaxable benefits
    $19,028
    Filer's total
    $422,783

  • Howard M Bard

    VP & PRNCPL DEPUTY GENERAL COUNSEL

    Total calculated
    $415,163
    From this org
    $367,653
    From related orgs
    $0
    Other
    $47,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $307,054
    Bonus
    $56,900
    Other
    $3,699
    Deferred
    $31,460
    Nontaxable benefits
    $19,728
    Filer's total
    $418,841

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
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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 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, LINES 4A-B
THE FOLLOWING EMPLOYEES RECEIVED A SEVERANCE PAYMENT: KIMBERLY W. ROSS - $187,869 PATRICK C. REEDER - $84,151 SUSAN NEELY PARTICIPATES IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS. ACLI CONTRIBUTED $800,000 TO THE PLANS DURING THE YEAR. THE FOLLOWING EMPLOYEES RECEIVED A PAYMENT FROM NONQUALIFIED RETIREMENT PLAN: SUSAN NEELY - $1,767,059 DAVID C. TURNER - $65,052 DONALD L. WALKER - $38,569 JOYCE Y. MEYER - $47,674 JILL A. KOZENY - $12,576 KIMBERLY W. ROSS - $5,138 PATRICK C. REEDER - $4,155 REGINA Y. ROSE - $22,584 LEAH J. WALTERS - $1,723 CYNTHIA L. GOFF - $61 PAUL S. GRAHAM - $39,488

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443189349308809

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