Lidma INC EIN 20-2358729 Form 990 (PDF) Claim this org

Lidma INC FY2020 filing

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Educates life insurance direct marketing professionals on industry developments, legislation, and issues. For fiscal year 2020 it reported $138K in revenue, $160K in expenses, and $320K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Woodstock, GA
Website
www.lidma.org
Filings
5 on file (2020–2020)
Revenue
$138KFY2020
Expenses
$160K
Net assets
$320K
People
20
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-2358729 Business league / trade association Woodstock, GA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Educates life insurance direct marketing professionals on industry developments, legislation, and issues.
Leadership
Shervin Eftekhari · Ex-Officio
Money in and out
$138K revenue, $160K expenses
Bottom line
-16% operating surplus
Membership & operating revenue · FY2020
Total revenue
$138K
Pt VIII · Ln 12
Total expenses
$160K
Pt IX · Ln 25
Net assets
$320K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$22K
Operating surplus
-16%
revenue over expenses
Earned revenue
100%
of revenue from program services & dues

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$138K
FY2020
Expenses
$160K
FY2020
Total assets
$320K
FY2020
Total liabilities
$0
FY2020
Total revenue
$138K
Pt VIII · Ln 12
Total expenses
$160K
Pt IX · Ln 25
Net assets
$320K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$22K
Total assetsPt X · Ln 16$320K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLidma INC
EINHdr · item D20-2358729
Principal addressHdr · item CWoodstock, GA
WebsiteHdr · item Jwww.lidma.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFJun 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Ex-Officio
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Ex-Officio
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2020.
01

Lidma holds an annual conference to provide a forum for learning about current trends and enhancing processes in the life insurance direct marketing industry.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue100%$138K
Investment income$30
Total revenueLn 12$138K

Balance Sheet

Part X · end of year
CashLn 1$320K
Total assetsLn 16$320K
Total liabilitiesLn 26$0
Total net assetsLn 32$320K
Months of cash on handcomputed23.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $320K · Operating expenses/yr $160K
23.9 months
Where the money goes
Program services
Program services — · Total expenses $160K
Management & General
Management & general — · Total expenses $160K
Fundraising
Fundraising — · Total expenses $160K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $138K
0%
Government reliance
Government grants — · Total revenue $138K
Earned-income share
Program service revenue $138K · Total revenue $138K
100%
Investment reliance
Investment income $30 · Total revenue $138K
+0.02%
Program self-sufficiency
Program service revenue $138K · Total expenses $160K
86%
Growth & trend
Revenue growth (YoY)
This year $138K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $320K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $138K · Expenses $160K
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $320K
Net-asset ratio
Net assets $320K · Total assets $320K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $320K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Shervin Eftekhari · Reported title EX-OFFICIO · Highest reported compensation $0 · Total expenses $160K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $160K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Legal fee ratio 5%
Accounting fee ratio 0.9%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $48K · 2021–2024
The Life FundVA · FY2024$11,000
The Life FundVA · FY2023$13,125
The Life FundVA · FY2022$10,400
The Life FundVA · FY2021$13,425

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$301K revenue · ⤓ 990 PDF
FY2023$403K revenue · ⤓ 990 PDF
FY2022$400K revenue · ⤓ 990 PDF
FY2021$323K revenue · ⤓ 990 PDF
FY2020$138K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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