Finseca Foundation FY2023 filing
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Offers research and educational materials for life insurance and financial services professionals. For fiscal year 2023 it reported $692K in revenue, $625K in expenses, and $3.0M in net assets.Pt I
Summary of the Filing
Where the work happens
Education and Research
Finseca foundation provides encouraging educational and research endeavors to advance the art and science of agency management in life insurance and related financial services.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Bonnie Godsman’s $62K as President is at the 8th percentile of top reported officer pay among 3864 $1–10M human services 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 |
|---|---|---|
| Bonnie Godsman | $61,522 | $66,698 |
| Marc Cadin | $52,182 | $51,628 |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 32% | — | — |
| Overhead ratio | 27% | — | — |
| Fundraising cost ratio | 42% | — | — |
| Revenue growth | 1% | — | — |
| Investment management fee ratio | 1% | — | — |
| Legal fee ratio | 2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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