Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2008.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
What each dollar paid for.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
19 people listed on the 990; $120K paid to officers and key staff.
Diana Capes’s $119K as Executive Director - Exited 12/31/24 is at the 29th percentile of top reported officer pay among 2832 $1–10M 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 · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Diana Capes | $119,357 | $119,845 | $124,575 | $117,360 | $121,780 |
| Sherri Coleman | $46,442 | — | — | — | — |
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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Connects insurance and securities professionals to share ideas and solve industry challenges.
Questions for Securities & Insurance Licensing Association INC
Your first name shows with your question. Securities & Insurance Licensing Association INC answers here, for everyone.
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Membership Services
Sila continues to provide the following benefits to its members: sila licensing journal, membership directory, sila newsletters, resource center (discussion forum, regulatory updates, subgroup committees, non-dues paying chapter meetings), and award recognitions.
Training and Designation Programs
Provide educational courses and programs for members' educational growth and recognition.
Annual Education Conference
Members experience professional development and networking opportunities.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.7M | $1.7M |
| Land, buildings, equipmentLn 10c | $820 | $600 |
| Total assetsLn 16 | $1.8M | $1.9M |
| LiabilitiesLn 26 | $238K | $295K |
| Net assetsLn 32 | $1.6M | $1.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $9K | |||
| Pay of current officers, directors and key staffLn 5 | $119K | |||
| Other salaries and wagesLn 7 | $90K | |||
| Other employee benefitsLn 9 | $3K | |||
| Payroll taxesLn 10 | $23K | |||
| Accounting feesLn 11c | $2K | |||
| Other fees for servicesLn 11g | $24K | |||
| Office expensesLn 13 | $6K | |||
| OccupancyLn 16 | $10K | |||
| TravelLn 17 | $18K | |||
| Conferences, conventions and meetingsLn 19 | $614K | |||
| Depreciation, depletion and amortizationLn 22 | $220 | |||
| InsuranceLn 23 | $3K | |||
| Other expenses (24a–d)Ln 24 | $72K | |||
| All other expensesLn 24e | $9K | |||
| Total functional expensesLn 25 | $1.0M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Jul 11, 2025 | $1.3M | $1.2M | $68K | $1.7M | 990 PDF |
| FY2023 ViewingFiled with the IRS May 12, 2024 | $1.0M | $1.0M | $35K | $1.6M | 990 PDF |
| FY2022Filed with the IRS May 9, 2023 | $910K | $870K | $40K | $1.6M | 990 PDF |
| FY2021Filed with the IRS May 10, 2022 | $697K | $662K | $35K | $1.6M | 990 PDF |
| FY2020Filed with the IRS May 13, 2021 | $538K | $423K | $115K | $1.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $1,038,648 revenue, 12 lines filed
Part VI · Governance 18 of 18 board members independent, no flags
Part VIII · Statement of revenue $1,038,648 across 5 lines filed
Part IX · Statement of functional expenses $1,003,306 across 15 lines filed
Part X · Balance sheet $1,937,125 assets, 12 lines filed
Part XI · Reconciliation of net assets $1,641,639 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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