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Lidma INC FY2022 filing

Not tax-deductible

Woodstock, GA501(c)(6)Community DevelopmentEIN 20-2358729Revenue $400K in FY2022

On file with the IRSlidma.org3227 S Cherokee Ln Ste 1320, 30188-7013 · Woodstock, GATax-exempt since Jun 2006

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Lidma's conferences and meetings serve as an educational forum whereby distribution, manufacturing, technology, and service providers in the life insurance direct marketing industry learn about new developments, legislation, and emerging industry issues to develop solutions to better serve consumers.

Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $7K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
16 mo
of spending, in cash
Looks good: 15.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$400K
+24% vs prior year
Spent
$320K
Net assets
$417K
By yearFY2020–FY2024
Revenue
$400K
FY2022▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$138K
FY2021$323K
FY2022$400K
FY2023$403K
FY2024$301K
Expenses
$320K
FY2022▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$160K
FY2021$306K
FY2022$320K
FY2023$382K
FY2024$434K
Net assets
$417K
FY2022▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2020$320K
FY2021$338K
FY2022$417K
FY2023$434K
FY2024$299K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation
R Jan Pinney
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Jeff McCauley
Secretary/Treasurer
$0Pt VII · Sec A
Brian Barnes
President Elect
$0Pt VII · Sec A
Jenny Canas
Director
$0Pt VII · Sec A
Kevin Fusick
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lidma INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates life insurance direct marketing professionals on industry developments, legislation, and issues.

Questions for Lidma INC

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Provided by the organization

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1 program · in their own filed words · FY2022
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

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$400K
Ln 12
Fees for servicesLn 2g$401K
Investment incomeLn 3$359
Money outPt IX
$320K
Ln 25
Owns and owesPt X
$417K
net assets · Ln 32
Cash and savingsLn 1–2$417K
Total assetsLn 16$417K
LiabilitiesLn 26$0
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$401K
Investment incomeLn 3$359
Total revenueLn 12$400K
Assets in detailPt X, end of year
CashLn 1$240K
SavingsLn 2$177K
Cash and savings togetherLn 1–2$417K
Total assetsLn 16$417K
LiabilitiesLn 26$0
Net assetsLn 32$417K
OperationsPt I, VI
EmployeesI 50
VolunteersI 619
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$338K$417K
Total assetsLn 16$338K$417K
LiabilitiesLn 26$0$0
Net assetsLn 32$338K$417K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K
Management feesLn 11a$92K
Accounting feesLn 11c$3K
Advertising and promotionLn 12$4K
Office expensesLn 13$10K
Information technologyLn 14$11K
Conferences, conventions and meetingsLn 19$180K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$9K
Total functional expensesLn 25$320K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $301K$434K−$132K$299K 990 PDF
FY2023 $403K$382K$21K$434K 990 PDF
FY2022 Viewing $400K$320K$80K$417K 990 PDF
FY2021 $323K$306K$18K$338K 990 PDF
FY2020 $138K$160K−$22K$320K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $400,011 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $324,236$400,835
I-10 Investment incomePrior year $18$359
I-11 Other revenuePrior year −$797−$1,183
I-12 Total revenuePrior year $323,457$400,011
I-13 Grants and similar amounts paidPrior year $13,425$10,400
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $292,108$309,945
I-18 Total expensesPrior year $305,533$320,345
I-19 Revenue less expensesPrior year $17,924$79,666
Part VI · Governance 19 of 19 board members independent, 5 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $400,011 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $400,835$400,835
VIII-3 Investment incomeExcluded from tax $359$359
VIII-8 Net income from fundraising eventsExcluded from tax −$1,183−$1,183
VIII-12 Total revenueRelated to mission $400,835 · Unrelated business $0 · Excluded from tax −$824$400,011
Part IX · Statement of functional expenses $320,345 across 9 lines filed
IX-1 Grants to domestic organizations$10,400
IX-11a Management fees$92,450
IX-11c Accounting fees$2,800
IX-12 Advertising and promotion$3,864
IX-13 Office expenses$9,877
IX-14 Information technology$10,543
IX-19 Conferences, conventions and meetings$179,998
IX-23 Insurance$1,645
IX-24 Other expenses (24a–d)$8,768
IX-25 Total functional expenses$320,345
Part X · Balance sheet $417,389 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $161,036$240,343
X-2 Savings and temporary cash investmentsStart of year $176,687$177,046
X-16 Total assetsStart of year $337,723$417,389
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $337,723$417,389
X-33 Total liabilities and net assetsStart of year $337,723$417,389
Part XI · Reconciliation of net assets $417,389 net assets at year end
XI-1 Total revenue$400,011
XI-2 Total expenses$320,345
XI-3 Revenue less expenses$79,666
XI-4 Net assets at start of year$337,723
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$417,389

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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