philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Naifa Illinois

Not tax-deductible

Springfield, IL501(c)(6)Mutual / membership EIN 37-0345280Revenue $237K in FY2024Latest return filed Oct 3, 2025

On file with the IRSnaifa-il.comSpringfield, ILTax-exempt since Jun 1954

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

To give members from insurance and financial advisory professions educational support.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-0345280) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $15K a year · 7% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
79% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
26.8 mo
of spending, in cash
26.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$28K
6% of total assets
Liabilities are 6% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$237K
+7% vs prior year
Spent
$223K
To programs
79%
Net assets
$471K
By yearFY2020–FY2024
Revenue
$237K
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$241K
FY2021$221K
FY2022$241K
FY2023$222K
FY2024$237K
Expenses
$223K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$231K
FY2021$205K
FY2022$209K
FY2023$217K
FY2024$223K
Net assets
$471K
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$403K
FY2021$419K
FY2022$452K
FY2023$456K
FY2024$471K

From the FY2024 Form 990 · see the original

Visit site Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1954.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $175K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Eric Essex
President
$0Pt VII · Sec A
David Kikoen
President Elect
$0Pt VII · Sec A
Kyler Spencer
Secretary/Treasurer
$0Pt VII · Sec A
Dennis Dean
Immediate Past President
$0Pt VII · Sec A
Laurie Adams
Senior Counsel
$0Pt VII · Sec A
Pierre Pajak
Liaison to Naifa Chicagola
$0Pt VII · Sec A
Lisa Bickus
Ifapac/ Gr Director
$0Pt VII · Sec A
Thao Huynh
Apic/Gr Director/Diversity
$0Pt VII · Sec A
See Naifa Illinois executive salaries →

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

Provides educational support to members of insurance and financial advisory professions.

Questions for Naifa Illinois

Tap to ask. Naifa Illinois sees how many people are interested.

Your first name shows with your question. Naifa Illinois answers here, for everyone.

1 program · $175K · in their own filed words · FY2024
01

Expenses related to the education and professional development of the Association's members.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-0345280) · Dispute this line
$175Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$237K
Ln 12
Gifts and grantsLn 1h$180K
Fees for servicesLn 2g$37K
Investment incomeLn 3$20K
Money outPt IX
$223K
Ln 25
Programscol B$175K
Owns and owesPt X
$471K
net assets · Ln 32
Cash and savingsLn 1–2$496K
Total assetsLn 16$499K
LiabilitiesLn 26$28K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$180K
Fees for servicesLn 2g$37K
Investment incomeLn 3$20K
Other incomeLn 4–11$789
Total revenueLn 12$237K
Assets in detailPt X, end of year
CashLn 1$409K
SavingsLn 2$87K
Cash and savings togetherLn 1–2$496K
Prepaid expenses and deferred chargesLn 9$2K
Total assetsLn 16$499K
LiabilitiesLn 26$28K
Net assetsLn 32$471K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$478K$496K
Total assetsLn 16$480K$499K
LiabilitiesLn 26$24K$28K
Net assetsLn 32$456K$471K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$127K
Accounting feesLn 11c$14K
Lobbying feesLn 11d$25K
Office expensesLn 13$761
Information technologyLn 14$4K
Conferences, conventions and meetingsLn 19$11K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$35K
All other expensesLn 24e$1K
Total functional expensesLn 25$223K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Oct 3, 2025 $237K$223K$14K$471K 990 PDF
FY2023Filed with the IRS Sep 27, 2024 $222K$217K$5K$456K 990 PDF
FY2022Filed with the IRS Sep 11, 2023 $241K$209K$33K$452K 990 PDF
FY2021Filed with the IRS Sep 26, 2022 $221K$205K$16K$419K 990 PDF
FY2020Filed with the IRS Oct 19, 2021 $241K$231K$9K$403K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $236,852 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $191,012$179,586
I-9 Program service revenuePrior year $21,592$36,897
I-10 Investment incomePrior year $8,521$19,580
I-11 Other revenuePrior year $700$789
I-12 Total revenuePrior year $221,825$236,852
I-13 Grants and similar amounts paidPrior year $0$0
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 $217,283$222,513
I-18 Total expensesPrior year $217,283$222,513
I-19 Revenue less expensesPrior year $4,542$14,339
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 $236,852 across 6 lines filed
VIII-1b Membership dues$179,586
VIII-1h Total contributions, gifts and grants$179,586
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $36,897$36,897
VIII-3 Investment incomeExcluded from tax $19,580$19,580
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $789$789
VIII-12 Total revenueRelated to mission $37,686 · Unrelated business $0 · Excluded from tax $19,580$236,852
Part IX · Statement of functional expenses $222,513 across 9 lines filed
IX-11a Management fees$127,400
IX-11c Accounting fees$13,850
IX-11d Lobbying fees$25,000
IX-13 Office expenses$761
IX-14 Information technology$4,272
IX-19 Conferences, conventions and meetings$11,315
IX-23 Insurance$3,460
IX-24 Other expenses (24a–d)$35,197
IX-24e All other expenses$1,258
IX-25 Total functional expenses$222,513
Part X · Balance sheet $498,584 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $395,687$409,499
X-2 Savings and temporary cash investmentsStart of year $82,484$86,719
X-4 Accounts receivable$0
X-9 Prepaid expenses and deferred chargesStart of year $1,812$2,366
X-16 Total assetsStart of year $479,983$498,584
X-17 Accounts payable and accrued expensesStart of year $7,764$7,541
X-19 Deferred revenueStart of year $15,849$20,334
X-26 Total liabilitiesStart of year $23,613$27,875
X-27 Net assets without donor restrictionsStart of year $456,370$470,709
X-32 Total net assets or fund balancesStart of year $456,370$470,709
X-33 Total liabilities and net assetsStart of year $479,983$498,584
Part XI · Reconciliation of net assets $470,709 net assets at year end
XI-1 Total revenue$236,852
XI-2 Total expenses$222,513
XI-3 Revenue less expenses$14,339
XI-4 Net assets at start of year$456,370
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$470,709

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

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.