Association for Advanced Life

IRS exemption revoked

Washington, DCUnknown exempt organizationSince 1998EIN 52-2118793

See part III, line 1.

Run by 86 volunteers and 33 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Pay to officers and key staff
$2.0M
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.8M
Spent
$6.8M
Net assets
$0

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

IRS revoked this organization's tax-exempt status on May 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Who runs it and what they're paid

29 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
$502,498Pt VII · Sec A
Senior Executive Advisor
$347,229Pt VII · Sec A
VP, Member Experience
$236,717Pt VII · Sec A
SVP, Business Development
$217,515Pt VII · Sec A
VP, Legislative Affairs
$192,346Pt VII · Sec A
SVP, Member Services
$167,895Pt VII · Sec A
EVP, Gov't Affairs & Bus. Strategy
$141,752Pt VII · Sec A
$128,344Pt VII · Sec A
See Association for Advanced Life executive salaries →

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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 life insurance professionals by educating government decision-makers on policy impact and engaging members in the political process.

Provided by the organization

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3 program services, described in the organization's own filed words · FY2020.
01

Legislative Affairs

The mission of aalu's efforts in the legislative and regulatory affairs arena is to promote and advocate for our members, their clients, and the broader life insurance community on public policy issues associated with the use of life insurance to provide long-term savings, protection, and financial and retirement security, in the…

Pt IX · col B
02

Political Engagement Programs

Advocacy is at the core of aalu and a politically involved membership is key to the success of aalu's mission. Our political programs, such as the aalu ambassador program, are designed to assist members to learn more about the world of politics and to get personally involved in the political PROCESS.PREDICATED on the concept that you…

Pt IX · col B
03

Conference and Meetings

Aalu provides one of the premier meetings in the insurance business. The purpose of the annual meeting is to keep life insurance professionals on the leading edge of trends and skills by providing them with an educational and networking forum.

Pt IX · col B

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$7.8M
Ln 12
Fees for servicesLn 2g$7.7M
Other incomeLn 4–11$135K
Investment incomeLn 3$90K
Money outPt IX
$6.8M
Ln 25
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
29
listed · VII A
PaidVII A9
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$7.7M
Investment incomeLn 3$90K
Other incomeLn 4–11$135K
Gains on assetsLn 7−$95K
Total revenueLn 12$7.8M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 533
VolunteersI 686
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 FY20End FY20
Cash and savingsLn 1–2$791K$0
InvestmentsLn 11–13$4.4M$0
Land, buildings, equipmentLn 10c$424K$0
Total assetsLn 16$6.4M$0
LiabilitiesLn 26$5.1M$0
Net assetsLn 32$1.3M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.4M
Other salaries and wagesLn 7$1.4M
Pension plan contributionsLn 8$138K
Other employee benefitsLn 9$165K
Payroll taxesLn 10$205K
Legal feesLn 11b$601K
Accounting feesLn 11c$205K
Lobbying feesLn 11d$67K
Other fees for servicesLn 11g$1.1M
Advertising and promotionLn 12$102K
Office expensesLn 13$205K
Information technologyLn 14$24K
RoyaltiesLn 15$47K
OccupancyLn 16$370K
TravelLn 17$45K
Conferences, conventions and meetingsLn 19$481K
InterestLn 20$37K
Depreciation, depletion and amortizationLn 22$163K
InsuranceLn 23$30K
Other expenses (24a–d)Ln 24$49K
Total functional expensesLn 25$6.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $7.8M$6.8M$1.0M$0 990 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $7,824,367 across 5 lines filed
Lines not itemized here account for $157,083 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,532,636$7,532,636
VIII-3 Investment incomeExcluded from tax $90,326$90,326
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$94,935−$94,935
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $139,257$139,257
VIII-12 Total revenueRelated to mission $7,689,719 · Unrelated business $0 · Excluded from tax $134,648$7,824,367
Part IX · Statement of functional expenses $6,782,459 across 20 lines filed
IX-5 Pay of current officers, directors and key staff$1,374,324
IX-7 Other salaries and wages$1,355,585
IX-8 Pension plan contributions$137,619
IX-9 Other employee benefits$164,669
IX-10 Payroll taxes$204,829
IX-11b Legal fees$600,518
IX-11c Accounting fees$205,310
IX-11d Lobbying fees$66,775
IX-11g Other fees for services$1,119,477
IX-12 Advertising and promotion$101,761
IX-13 Office expenses$205,319
IX-14 Information technology$23,920
IX-15 Royalties$46,591
IX-16 Occupancy$370,088
IX-17 Travel$45,151
IX-19 Conferences, conventions and meetings$481,103
IX-20 Interest$36,613
IX-22 Depreciation, depletion and amortization$163,468
IX-23 Insurance$30,034
IX-24 Other expenses (24a–d)$49,305
IX-25 Total functional expenses$6,782,459
Part X · Balance sheet $0 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $333,109$0
X-2 Savings and temporary cash investmentsStart of year $457,840$0
X-3 Pledges and grants receivableStart of year $77,500$0
X-4 Accounts receivableStart of year $72,273$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $385,632$0
X-10c Land, buildings and equipment, netStart of year $423,695$0
X-11 Publicly traded securitiesStart of year $4,400,439$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $215,844$0
X-16 Total assetsStart of year $6,366,332$0
X-17 Accounts payable and accrued expensesStart of year $375,649$0
X-19 Deferred revenueStart of year $1,952,929$0
X-25 Other liabilitiesStart of year $775,821$0
X-26 Total liabilitiesStart of year $5,104,399$0
X-27 Net assets without donor restrictionsStart of year $909,433$0
X-28 Net assets with donor restrictionsStart of year $352,500$0
X-32 Total net assets or fund balancesStart of year $1,261,933$0
X-33 Total liabilities and net assetsStart of year $6,366,332$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$7,824,367
XI-2 Total expenses$6,782,459
XI-3 Revenue less expenses$1,041,908
XI-4 Net assets at start of year$1,261,933
XI-5 Net unrealized gains (losses) on investments$6,534
XI-9 Other changes in net assets−$2,310,375
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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