American Fraternal Alliance

Not tax-deductible

Carmel, IN501(c)(6)EIN 36-1522820Revenue $2.0M in FY2024

On file with the IRSfraternalalliance.org10 W 106th St # 100, 46290-1002 · Carmel, INTax-exempt since Jun 1944

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The American Fraternal Alliance strengthens and supports its members and the Fraternal benefit sector of the financial services industry by its leadership in advocacy, policy, information, education and member services.

Run by 30 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2024 · 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
4 of 5
filings with a surplus
Average surplus $259K a year · 15% of revenue · last 5 filings
Fine: a surplus in 4 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
$294K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$66K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+5% vs prior year
Spent
$1.8M
To programs
0%
Net assets
$3.5M
By yearFY2020–FY2024
Revenue
$2.0M
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$1.8M
FY2022$1.8M
FY2023$1.9M
FY2024$2.0M
Expenses
$1.8M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.5M
FY2023$1.6M
FY2024$1.8M
Net assets
$3.5M
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.8M
FY2022$2.7M
FY2023$3.2M
FY2024$3.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1944.

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

Who runs it and what they're paid

13 people listed on the 990; $294K paid to officers and key staff.

Part VII, Section A · reportable compensation
$293,817Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joseph J Annotti————$323,212
Allison Koppel$293,817$255,367$241,311$224,000$216,230

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

Advocates for, educates, and supports fraternal benefit societies and their members.

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3 programs · in their own filed words · FY2024
01

Advocated on behalf of fraternal interests on key legislative and regulatory initiatives. Continued to advocate for congressional resolutions that acknowledge the impact of fraternals nationwide and successfully recruited co-sponsors in the house and senate.

Pt IX · col B
02

The alliance conducted its spring symposium, executive summit, three lunch and learn roundtables, fraternal career development program and a number of webinars throughout the year. These educational opportunities were designed for all levels of fraternal staff and leadership. Attendee feedback was positive.

Pt IX · col B
03

The alliance continued its focus on collaboration and its partnership with other trade associations to bring affordable content and education to its members throughout the year both through in person events and virtual opportunities.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$161K
Other incomeLn 4–11$75K
Money outPt IX
$1.8M
Ln 25
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$3.5M
LiabilitiesLn 26$66K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$161K
Other incomeLn 4–11$75K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$2.1M
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$3.5M
LiabilitiesLn 26$66K
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 54
VolunteersI 630
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 FY24End FY24
Cash and savingsLn 1–2$1.4M$1.4M
InvestmentsLn 11–13$1.9M$2.1M
Land, buildings, equipmentLn 10c$3K$4K
Total assetsLn 16$3.3M$3.5M
LiabilitiesLn 26$182K$66K
Net assetsLn 32$3.2M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$294K
Other salaries and wagesLn 7$325K
Pension plan contributionsLn 8$22K
Other employee benefitsLn 9$62K
Payroll taxesLn 10$39K
Management feesLn 11a$324K
Legal feesLn 11b$7K
Accounting feesLn 11c$19K
Lobbying feesLn 11d$233K
Investment management feesLn 11f$5K
Other fees for servicesLn 11g$14K
Advertising and promotionLn 12$26K
Office expensesLn 13$8K
Information technologyLn 14$51K
TravelLn 17$60K
Conferences, conventions and meetingsLn 19$140K
Depreciation, depletion and amortizationLn 22$1K
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$123K
Total functional expensesLn 25$1.8M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.0M$1.8M$222K$3.5M 990 PDF
FY2023 $1.9M$1.6M$283K$3.2M 990 PDF
FY2022 $1.8M$1.5M$263K$2.7M 990 PDF
FY2021 $1.8M$1.2M$610K$2.8M 990 PDF
FY2020 $1.0M$1.1M−$84K$2.3M 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 FY2024 990 (6 parts)
Part I · Summary $1,981,997 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,741,182$1,746,192
I-10 Investment incomePrior year $77,409$160,805
I-11 Other revenuePrior year $75,000$75,000
I-12 Total revenuePrior year $1,893,591$1,981,997
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $672,539$742,136
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $938,146$1,017,846
I-18 Total expensesPrior year $1,610,685$1,759,982
I-19 Revenue less expensesPrior year $282,906$222,015
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
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 $1,981,997 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,746,192$1,746,192
VIII-3 Investment incomeExcluded from tax $160,805$160,805
VIII-5 RoyaltiesExcluded from tax $75,000$75,000
VIII-12 Total revenueRelated to mission $1,746,192 · Excluded from tax $235,805$1,981,997
Part IX · Statement of functional expenses $1,759,982 across 19 lines filed
IX-5 Pay of current officers, directors and key staff$293,817
IX-7 Other salaries and wages$325,277
IX-8 Pension plan contributions$22,065
IX-9 Other employee benefits$61,552
IX-10 Payroll taxes$39,425
IX-11a Management fees$323,609
IX-11b Legal fees$7,118
IX-11c Accounting fees$18,635
IX-11d Lobbying fees$232,892
IX-11f Investment management fees$5,150
IX-11g Other fees for services$13,730
IX-12 Advertising and promotion$26,383
IX-13 Office expenses$7,505
IX-14 Information technology$50,990
IX-17 Travel$60,060
IX-19 Conferences, conventions and meetings$140,331
IX-22 Depreciation, depletion and amortization$1,438
IX-23 Insurance$6,739
IX-24 Other expenses (24a–d)$123,266
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,759,982
Part X · Balance sheet $3,525,945 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $58,977$4,476
X-2 Savings and temporary cash investmentsStart of year $1,292,195$1,381,465
X-4 Accounts receivableStart of year $23,213$19,320
X-9 Prepaid expenses and deferred chargesStart of year $20,862$22,106
X-10c Land, buildings and equipment, netStart of year $3,477$4,022
X-11 Publicly traded securitiesStart of year $1,949,532$2,094,556
X-16 Total assetsStart of year $3,348,256$3,525,945
X-17 Accounts payable and accrued expensesStart of year $60,704$51,250
X-19 Deferred revenueStart of year $121,470$14,270
X-26 Total liabilitiesStart of year $182,174$65,520
X-27 Net assets without donor restrictionsStart of year $1,216,550$1,365,869
X-28 Net assets with donor restrictionsStart of year $1,949,532$2,094,556
X-32 Total net assets or fund balancesStart of year $3,166,082$3,460,425
X-33 Total liabilities and net assetsStart of year $3,348,256$3,525,945
Part XI · Reconciliation of net assets $3,460,425 net assets at year end
XI-1 Total revenue$1,981,997
XI-2 Total expenses$1,759,982
XI-3 Revenue less expenses$222,015
XI-4 Net assets at start of year$3,166,082
XI-5 Net unrealized gains (losses) on investments$72,328
XI-10 Net assets at end of year$3,460,425

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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