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← AMERICAN COUNCIL OF LIFE INSURERS INC

Form 990 for tax year 2022

Filed by AMERICAN COUNCIL OF LIFE INSURERS INC.

Totals

Total revenue
$44,892,044
Total expenses
$49,030,027
Contributions and grants received
$0
Grants paid
$348,875
Program service revenue
$50,427,864
Investment income
-$5,192,159
Other revenue
-$343,661
Total assets, end of year
$61,935,282
Total liabilities, end of year
$30,073,401
Net assets or fund balances, end of year
$31,861,881
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 $46,556,982 · related or exempt $46,556,982

  • 2b · Program service revenue: REGISTRATION FEES

    total $2,111,943 · related or exempt $2,111,943

  • 2c · Program service revenue: AFFILIATE PROGRAM

    total $1,564,110 · related or exempt $1,564,110

  • 2d · Program service revenue: INTERNATIONAL PROGRAM

    total $104,959 · related or exempt $104,959

  • 2e · Program service revenue: PUBLICATION SALES

    total $89,870 · related or exempt $89,870

  • 3 · Investment income

    total $70,592 · excluded $70,592

  • 6a · Gross rents

    real property $1,707,824

  • 6b · Less rental expenses

    real property $2,636,216

  • 6c · Rental income or loss

    real property -$928,392

  • 6d · Net rental income or loss

    total -$928,392 · excluded -$928,392

  • 7a · Gross sales of assets other than inventory

    securities $12,732,430 · other assets $251,520

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

    securities $9,044,829 · other assets $9,201,872

  • 7c · Gain or loss

    securities $3,687,601 · other assets -$8,950,352

  • 7d · Net gain or loss

    total -$5,262,751 · excluded -$5,262,751

  • 11a · Other revenue: SPECIAL PROJECT

    total $461,980 · related or exempt $461,980

  • 11b · Other revenue: RETIREE BENEFIT

    total $110,527 · related or exempt $110,527

  • 11c · Other revenue: OTHER REVENUE

    total $12,224 · related or exempt $12,224

  • 11e · Other revenue, total

    $584,731

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $338,875

  • 3 · Grants to foreign organizations and individuals

    total $10,000

  • 5 · Compensation of officers, directors and key employees

    total $9,230,130

  • 7 · Other salaries and wages

    total $17,268,523

  • 8 · Pension plan contributions

    total $2,937,930

  • 9 · Other employee benefits

    total $1,716,966

  • 10 · Payroll taxes

    total $1,346,559

  • 11b · Fees: legal

    total $31,316

  • 11c · Fees: accounting

    total $63,173

  • 11d · Fees: lobbying

    total $2,077,093

  • 11f · Fees: investment management

    total $214,461

  • 11g · Fees: other

    total $1,942,370

  • 12 · Advertising and promotion

    total $744,762

  • 13 · Office expenses

    total $725,335

  • 14 · Information technology

    total $995,026

  • 16 · Occupancy

    total $2,261,697

  • 17 · Travel

    total $572,069

  • 19 · Conferences, conventions and meetings

    total $2,972,068

  • 22 · Depreciation, depletion and amortization

    total $239,072

  • 23 · Insurance

    total $125,092

  • 24a · Other expenses: FEDERAL & DC TAXES

    total $4,293

  • 24b · Other expenses: GRASSROOTS ADVOCACY

    total $742,518

  • 24c · Other expenses: ISSUE MANAGEMENT

    total $687,338

  • 24d · Other expenses: EXCISE TAX

    total $637,590

  • 24e · All other expenses

    total $1,145,771

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $800 · end of year $452

  • 2 · Savings and temporary cash investments

    beginning of year $16,947,221 · end of year $16,280,877

  • 4 · Accounts receivable

    beginning of year $568,463 · end of year $472,509

  • 9 · Prepaid expenses and deferred charges

    beginning of year $524,349 · end of year $813,667

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

    $6,932,709

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

    $6,226,869

  • 10c · Land, buildings and equipment, net

    beginning of year $784,396 · end of year $705,840

  • 12 · Investments: other securities

    beginning of year $45,521,498 · end of year $32,112,321

  • 14 · Intangible assets

    beginning of year $0 · end of year $325,000

  • 15 · Other assets

    beginning of year $220,112 · end of year $11,224,616

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,421,691 · end of year $7,354,578

  • 19 · Deferred revenue

    beginning of year $1,243,278 · end of year $916,946

  • 25 · Other liabilities

    beginning of year $9,641,328 · end of year $21,801,877

  • 27 · Net assets without donor restrictions

    beginning of year $45,934,780 · end of year $31,538,767

  • 28 · Net assets with donor restrictions

    beginning of year $325,762 · end of year $323,114

Mission and programs · 2022

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 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew Sullivan

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Paul Quaranto Jr

    CHAIRMAN-ELECT

    Total calculated
    $0
    Hours/week
    2
  • Richard Bielen

    CHAIRMAN-ELECT DESIGNATE

    Total calculated
    $0
    Hours/week
    2
  • J Scott Davison

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Theodore A Mathas

    IMMEDIATE PAST CHAIRMAN

    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
  • Will Fuller

    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
  • 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
  • Kevin Hogan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Andrew McMahon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Joseph Monk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Neil Sprackling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Thomas Swank

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • William Wheeler

    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
  • Craig Desanto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Marc-Andre Giguere

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Marianne Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Daniel Houston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jasmine Jirele

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Allan Levine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Eric Steigerwalt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Douglas Chittenden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Dennis Glass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • James Hohmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Margaret Meister

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Laura Prieskorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Teresa Rasmussen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Peter Schaefer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Barbara Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • John Woerner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Susan Neely

    PRESIDENT & CEO

    Total calculated
    $5,197,297
    From this org
    $3,900,818
    From related orgs
    $0
    Other
    $1,296,479
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,478,625
    Bonus
    $1,309,400
    Other
    $1,112,793
    Deferred
    $1,260,516
    Nontaxable benefits
    $36,922
    Filer's total
    $5,198,256
  • David C Turner

    COO & CORPORATE SECRETARY

    Total calculated
    $1,000,912
    From this org
    $853,599
    From related orgs
    $0
    Other
    $147,313
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $596,148
    Bonus
    $193,700
    Other
    $63,751
    Deferred
    $104,702
    Nontaxable benefits
    $44,249
    Filer's total
    $1,002,550
  • Donald L Walker

    SVP, ADMINISTRATION & CFO

    Total calculated
    $750,197
    From this org
    $625,067
    From related orgs
    $0
    Other
    $125,130
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $433,098
    Bonus
    $130,000
    Other
    $61,969
    Deferred
    $78,219
    Nontaxable benefits
    $48,699
    Filer's total
    $751,985
  • Joyce Y Meyer

    EVP, GOVERNMENT RELATIONS

    Total calculated
    $1,054,008
    From this org
    $981,621
    From related orgs
    $0
    Other
    $72,387
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $720,687
    Bonus
    $232,800
    Other
    $28,134
    Deferred
    $72,074
    Nontaxable benefits
    $1,591
    Filer's total
    $1,055,286
  • Paul S Graham

    SVP, POLICY DEVELOPMENT

    Total calculated
    $750,699
    From this org
    $636,657
    From related orgs
    $0
    Other
    $114,042
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $439,858
    Bonus
    $133,600
    Other
    $63,199
    Deferred
    $79,138
    Nontaxable benefits
    $36,992
    Filer's total
    $752,787
  • Jill A Kozeny

    EVP, COMMUNICTNS & PUBLIC AFFAIRS

    Total calculated
    $577,660
    From this org
    $539,103
    From related orgs
    $0
    Other
    $38,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $423,096
    Bonus
    $107,600
    Other
    $8,407
    Deferred
    $36,976
    Nontaxable benefits
    $2,859
    Filer's total
    $578,938
  • Leah J Walters

    SVP, STATE RELATIONS

    Total calculated
    $520,125
    From this org
    $434,106
    From related orgs
    $0
    Other
    $86,019
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $331,768
    Bonus
    $98,600
    Other
    $3,738
    Deferred
    $41,373
    Nontaxable benefits
    $46,084
    Filer's total
    $521,563
  • Julie A Spiezio

    SVP & GENERAL COUNSEL

    Total calculated
    $379,043
    From this org
    $350,515
    From related orgs
    $0
    Other
    $28,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,376
    Bonus
    $131,900
    Other
    $42,239
    Deferred
    $23,657
    Nontaxable benefits
    $5,297
    Filer's total
    $379,469
  • Mariana E Gomez

    SVP, POLICY DEVELOPMENT

    Total calculated
    $396,775
    From this org
    $316,614
    From related orgs
    $0
    Other
    $80,161
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,663
    Bonus
    $46,000
    Other
    $1,951
    Deferred
    $34,348
    Nontaxable benefits
    $50,801
    Filer's total
    $401,763
  • Regina Y Rose

    SVP, TAXES & RETIREMENT SE

    Total calculated
    $584,324
    From this org
    $513,690
    From related orgs
    $0
    Other
    $70,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $366,644
    Bonus
    $109,800
    Other
    $37,246
    Deferred
    $53,084
    Nontaxable benefits
    $20,538
    Filer's total
    $587,312
  • Kimberly W Ross

    SVP, FEDERAL RELATIONS

    Total calculated
    $531,841
    From this org
    $498,091
    From related orgs
    $0
    Other
    $33,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $365,908
    Bonus
    $108,300
    Other
    $23,883
    Deferred
    $29,538
    Nontaxable benefits
    $7,200
    Filer's total
    $534,829
  • J Bruce Ferguson

    SVP, ECONOMIC EMPOWERMENT

    Total calculated
    $599,318
    From this org
    $497,952
    From related orgs
    $0
    Other
    $101,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $354,581
    Bonus
    $111,800
    Other
    $31,571
    Deferred
    $62,270
    Nontaxable benefits
    $40,161
    Filer's total
    $600,383
  • Patrick C Reeder

    VP & DEPUTY GENERAL COUNSE

    Total calculated
    $469,049
    From this org
    $402,062
    From related orgs
    $0
    Other
    $66,987
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $335,368
    Bonus
    $55,200
    Other
    $11,494
    Deferred
    $32,681
    Nontaxable benefits
    $37,294
    Filer's total
    $472,037
  • Cynthia L Goff

    VP, SUPP PRODUCTS & GROUP INSURAN

    Total calculated
    $408,067
    From this org
    $369,956
    From related orgs
    $0
    Other
    $38,111
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $306,054
    Bonus
    $59,400
    Other
    $4,502
    Deferred
    $24,461
    Nontaxable benefits
    $14,928
    Filer's total
    $409,345

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 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 $724,045 TO THE PLANS DURING THE YEAR. THE FOLLOWING EMPLOYEES RECEIVED A PAYMENT FROM NONQUALIFIED RETIREMENT PLAN: SUSAN NEELY - $1,034,381 DAVID C. TURNER - $60,713 DONALD L. WALKER - $36,490 JOYCE Y. MEYER - $26,892 PAUL S. GRAHAM - $38,923 JILL A. KOZENY - $4,577 REGINA Y. ROSE - $12,244 KIMBERLY W. ROSS - $1,441 J. BRUCE FERGUSON - $27,072 PATRICK C. REEDER - $2,971 JULIE A. SPIEZIO - $37,453

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) · NCREASE 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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ACLI SERVICES INC

    C · FACILITIES MANAGEMENT - DISSOLVED 12/31/22 · DE · 100% owned · share of income $124,697 · controlled entity

    Directly controlled by AMERICAN COUNCIL OF LIFE INSURERS

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202343059349302149

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