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FINSECA FOUNDATION

EIN 52-1727202 WASHINGTON, DC

Largest nonprofits in District of Columbia

Revenue 2024
$1,191,460
Expenses 2024
$1,087,060

Program services were 40.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
P20Z
Classification
1200
Street
1400 K STREET NW 625

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

2 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

THE MISSION OF FINSECA FOUNDATION IS TO ENCOURAGE EDUCATIONAL AND RESEARCH ENDEAVORS TO ADVANCE THE ART AND SCIENCE OF AGENCY MANAGEMENT IN LIFE INSURANCE AND RELATED FINANCIAL SERVICES.

Activities or mission (Part I)

PROVIDE RESEARCH AND EDUCATION MATERIALS TO THOSE IN LIFE INSURANCE AND RELATED FINANCIAL SERVICES.

  • RESEARCH: FINSECA FOUNDATION CONDUCTS AND PROVIDES RESEARCH TO HELP FINANCIAL SECURITY PROFESSIONALS BETTER SERVE THE NEEDS OF AMERICAN CONSUMERS SEEKING TO ACHIEVE FINANCIAL SECURITY. THE FOUNDATION ALSO PROVIDES RESOURCES FOR AMERICANS TO BECOME MORE FINANCIALLY EMPOWERED CONSUMERS OF FINANCIAL PRODUCTS AND SERVICES. FINALLY, THE FOUNDATION IS ADVANCING AND CHAMPIONING THE NEXT GENERATION OF FINANCIAL SECURITY PROFESSIONALS BY IDENTIFYING TOP TALENT FROM DIVERSE COMMUNITIES.

    Expenses $441,811 · Revenue $59,498

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Howard Sharfman

    CHAIR

    Total calculated
    $0
    Hours/week
    5
  • John Bucsek

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Samuel L Terrazzino

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Ryan Beck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Davin Bell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Jessica Ciccarelli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Bruce Davison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Jamie Hebets

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • James J Pucci

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Maurice Springer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Marc Cadin

    CEO

    Total calculated
    $1,100,918
    From this org
    $52,182
    From related orgs
    $991,460
    Other
    $57,276
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $40,836 + $775,887 related
    Bonus
    $11,305 + $214,786 related
    Other
    $41 + $787 related
    Deferred
    $863 + $16,387 related
    Nontaxable benefits
    $2,001 + $38,025 related
    Filer's total
    $55,046 + $1,045,872 related
  • Bonnie Godsman

    PRESIDENT

    Total calculated
    $650,149
    From this org
    $61,522
    From related orgs
    $553,697
    Other
    $34,930
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $51,618 + $464,561 related
    Bonus
    $9,850 + $88,650 related
    Other
    $54 + $486 related
    Deferred
    $1,233 + $11,092 related
    Nontaxable benefits
    $2,261 + $20,344 related
    Filer's total
    $65,016 + $585,133 related

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $1,191,460
    Expenses
    $1,087,060
    Contributions
    $953,376
    Grants paid
    $0
  • 2023
    Revenue
    $691,640
    Expenses
    $624,507
    Contributions
    $597,989
    Grants paid
    $0
  • 2022
    Revenue
    $681,465
    Expenses
    $733,480
    Contributions
    $638,831
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $2,011,061
    Expenses
    $1,168,232
    Assets (EOY)
    $3,647,363
  • 2020 · 990

    Revenue
    $567,869
    Expenses
    $2,547,155
    Assets (EOY)
    $3,126,215
  • 2019 · 990

    Revenue
    $1,365,282
    Expenses
    $1,221,055
    Assets (EOY)
    $4,649,675
  • 2017 · 990

    Revenue
    $1,043,490
    Expenses
    $949,222
    Assets (EOY)
    $4,615,340
  • 2016 · 990

    Revenue
    $1,143,315
    Expenses
    $1,195,885
    Assets (EOY)
    $4,522,847
  • 2015 · 990

    Revenue
    $1,069,854
    Expenses
    $1,262,913
    Assets (EOY)
    $4,315,693
  • 2014 · 990

    Revenue
    $1,045,922
    Expenses
    $797,429
    Assets (EOY)
    $4,460,578
  • 2013 · 990

    Revenue
    $797,817
    Expenses
    $954,906
    Assets (EOY)
    $4,483,216
  • 2011 · 990

    Revenue
    not reported
    Expenses
    $822,410
    Assets (EOY)
    $3,911,927
  • 2010 · 990

    Revenue
    not reported
    Expenses
    $926,029
    Assets (EOY)
    $4,035,495

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.