Ll Global INC FY2021 filing

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To provide benefits to the insurance industry as a whole through research and education.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$6.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2021 · 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
5 of 5
filings with a surplus
Average surplus $4.0M a year · 8% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6.6M
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $49.6M in investments, Pt X · Ln 11–13
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $278K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$35.3M
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 22 voting members
Looks good: 21 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50.0M
+5% vs prior year
Spent
$47.0M
To programs
0%
Net assets
$46.8M
By yearFY2020–FY2024
Revenue
$50.0M
FY2021▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$47.8M
FY2021$50.0M
FY2022$52.8M
FY2023$55.0M
FY2024$59.7M
Expenses
$47.0M
FY2021▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$44.0M
FY2021$47.0M
FY2022$52.6M
FY2023$52.3M
FY2024$49.2M
Net assets
$46.8M
FY2021▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2020$37.8M
FY2021$46.8M
FY2022$45.2M
FY2023$49.4M
FY2024$59.7M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Mar 2008.

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

Who runs it and what they're paid

41 people listed on the 990; $6.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$2,923,258Pt VII · Sec A
Chief Operating Officer
$540,733Pt VII · Sec A
Senior Vice President, Member Relations and Consulting
$305,515Pt VII · Sec A
Senior Vice President and Director of Research
$295,487Pt VII · Sec A
Corporate Vice President, Member Relations and Sales
$279,337Pt VII · Sec A
Senior Vice President, Human Resources
$278,854Pt VII · Sec A
Head of Industry Solutions & CFO (until June 2021)
$264,654Pt VII · Sec A
Chief Information Officer
$253,489Pt VII · Sec A

David Levenson’s $3.2M as President is at the 100th percentile of top reported officer pay among 572 $10–100M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
David Levenson$3,156,106$3,006,387$2,839,902$2,923,258$1,922,222
Gina Birchal—$688,257$666,629——
Gina Birchall$616,956——$540,733$360,333
Janine Epright$406,231$439,645$426,608$211,121—
John Carroll$367,052$395,081$391,295$279,337—
Sean O'Donnell$378,727$394,831$325,128$305,515$295,208
Alison Salka—$334,325$339,681$295,487$310,870
Kevin McKenna$336,058————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Research and educate to benefit the insurance industry.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

LL global, inc is organized and shall be operated exclusively as a professional and trade association through which life insurance, health insurance, and other companies and persons involved in the financial services or retirement services industries, may engage in cooperative activities, having as their aim the improvement of such…

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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$278K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$50.0M
Ln 12
Fees for servicesLn 2g$46.7M
Investment incomeLn 3$3.3M
Money outPt IX
$47.0M
Ln 25
Owns and owesPt X
$46.8M
net assets · Ln 32
Cash and savingsLn 1–2$8.7M
Total assetsLn 16$82.1M
LiabilitiesLn 26$35.3M
PeoplePt VI, VII
41
listed · VII A
PaidVII A16
Voting boardVI 1a22
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$46.7M
Investment incomeLn 3$3.3M
Gains on assetsLn 7$1.9M
Total revenueLn 12$50.0M
Assets in detailPt X, end of year
CashLn 1$4.9M
SavingsLn 2$3.8M
Cash and savings togetherLn 1–2$8.7M
InvestmentsLn 11–13$49.6M
Land, buildings, equipmentLn 10c$5.7M
Other assetsLn 15$14.5M
Total assetsLn 16$82.1M
LiabilitiesLn 26$35.3M
Net assetsLn 32$46.8M
OperationsPt I, VI
EmployeesI 5354
VolunteersI 6764
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$14.3M$8.7M
InvestmentsLn 11–13$41.7M$49.6M
Land, buildings, equipmentLn 10c$6.3M$5.7M
Total assetsLn 16$80.4M$82.1M
LiabilitiesLn 26$42.6M$35.3M
Net assetsLn 32$37.8M$46.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$6.2M
Other salaries and wagesLn 7$18.7M
Other employee benefitsLn 9$10.9M
Other fees for servicesLn 11g$3.3M
Office expensesLn 13$2.1M
Information technologyLn 14$2.6M
OccupancyLn 16$1.9M
TravelLn 17$91K
Conferences, conventions and meetingsLn 19$841K
Other expenses (24a–d)Ln 24$548K
All other expensesLn 24e$0
Total functional expensesLn 25$47.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $59.7M$49.2M$10.5M$59.7M 990 PDF
FY2023 $55.0M$52.3M$2.7M$49.4M 990 PDF
FY2022 $52.8M$52.6M$223K$45.2M 990 PDF
FY2021 Viewing $50.0M$47.0M$3.0M$46.8M 990 PDF
FY2020 $47.8M$44.0M$3.7M$37.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $49,999,799 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $45,153,459$46,733,318
I-10 Investment incomePrior year $2,597,980$3,266,481
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $47,751,439$49,999,799
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $37,670,336$35,733,406
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,373,416$11,295,911
I-18 Total expensesPrior year $44,043,752$47,029,317
I-19 Revenue less expensesPrior year $3,707,687$2,970,482
Part VI · Governance 21 of 22 board members independent, 1 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members21
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $49,999,799 across 5 lines filed
Lines not itemized here account for $723,638 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,009,680$46,009,680
VIII-3 Investment incomeExcluded from tax $1,339,786$1,339,786
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,926,695$1,926,695
VIII-12 Total revenueRelated to mission $46,733,318 · Unrelated business $0 · Excluded from tax $3,266,481$49,999,799
Part IX · Statement of functional expenses $47,029,317 across 11 lines filed
IX-5 Pay of current officers, directors and key staff$6,164,899
IX-7 Other salaries and wages$18,681,294
IX-9 Other employee benefits$10,887,213
IX-11g Other fees for services$3,297,648
IX-13 Office expenses$2,070,420
IX-14 Information technology$2,559,220
IX-16 Occupancy$1,888,828
IX-17 Travel$90,528
IX-19 Conferences, conventions and meetings$840,972
IX-24 Other expenses (24a–d)$548,295
IX-24e All other expenses$0
IX-25 Total functional expenses$47,029,317
Part X · Balance sheet $82,107,687 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $3,780,292$4,914,703
X-2 Savings and temporary cash investmentsStart of year $10,477,826$3,815,848
X-4 Accounts receivableStart of year $1,922,241$1,965,636
X-9 Prepaid expenses and deferred chargesStart of year $1,649,120$1,706,882
X-10c Land, buildings and equipment, netStart of year $6,304,033$5,657,344
X-11 Publicly traded securitiesStart of year $41,736,201$49,587,934
X-15 Other assetsStart of year $14,520,339$14,459,340
X-16 Total assetsStart of year $80,390,052$82,107,687
X-17 Accounts payable and accrued expensesStart of year $1,051,444$7,201,466
X-19 Deferred revenueStart of year $9,360,157$10,838,246
X-25 Other liabilitiesStart of year $32,184,033$17,246,693
X-26 Total liabilitiesStart of year $42,595,634$35,286,405
X-27 Net assets without donor restrictionsStart of year $37,794,418$46,821,282
X-32 Total net assets or fund balancesStart of year $37,794,418$46,821,282
X-33 Total liabilities and net assetsStart of year $80,390,052$82,107,687
Part XI · Reconciliation of net assets $46,821,282 net assets at year end
XI-1 Total revenue$49,999,799
XI-2 Total expenses$47,029,317
XI-3 Revenue less expenses$2,970,482
XI-4 Net assets at start of year$37,794,418
XI-5 Net unrealized gains (losses) on investments−$448,957
XI-9 Other changes in net assets$6,505,339
XI-10 Net assets at end of year$46,821,282

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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