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Naifa- North Carolina

Not tax-deductible

Charlotte, NC501(c)(6)Mutual / membership EIN 56-0658604Revenue $273K in FY2024Latest return filed Nov 14, 2025

On file with the IRSnc.naifa.org15720 Brixham Hill Ave Ste 300, 28277-4784 · Charlotte, NCTax-exempt since Oct 1953

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Advocate for membership: legislative/regulatory; enhance professional skills; promote ethics

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

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
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
5 of 5
filings with a surplus
Average surplus $57K a year · 23% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
46 mo
of spending, in cash
Looks good: 45.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$273K
+4% vs prior year
Spent
$198K
Net assets
$755K
By yearFY2020–FY2024
Revenue
$273K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$232K
FY2021$227K
FY2022$240K
FY2023$262K
FY2024$273K
Expenses
$198K
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$162K
FY2021$170K
FY2022$200K
FY2023$221K
FY2024$198K
Net assets
$755K
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$542K
FY2021$598K
FY2022$639K
FY2023$680K
FY2024$755K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1953.

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Brian Cooper
President
$0Pt VII · Sec A
Shanna B Strickland
President-Elect
$0Pt VII · Sec A
Jason Austell
Immediate Past President
$0Pt VII · Sec A
Andrew Jones
Secretary
$0Pt VII · Sec A
Matt Stone
Treasurer
$0Pt VII · Sec A
Elie Aharon
At Large
$0Pt VII · Sec A
Paul Johnson
At Large
$0Pt VII · Sec A
Fred Joyner
At Large
$0Pt VII · Sec A
See Naifa- North Carolina 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 15aNo

Programs and updates

Advocates for members, enhances skills, and promotes ethics through legislative and regulatory action.

Questions for Naifa- North Carolina

Tap to ask. Naifa- North Carolina sees how many people are interested.

Your first name shows with your question. Naifa- North Carolina answers here, for everyone.

1 program · in their own filed words · FY2024
01

Organization provides programs for educational purposes. Also provides leadership and lobbying to sustain and improve the business of life underwriting.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$273K
Ln 12
Fees for servicesLn 2g$257K
Investment incomeLn 3$15K
Other incomeLn 4–11$612
Money outPt IX
$198K
Ln 25
Owns and owesPt X
$755K
net assets · Ln 32
Cash and savingsLn 1–2$755K
Total assetsLn 16$755K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$257K
Investment incomeLn 3$15K
Other incomeLn 4–11$612
Total revenueLn 12$273K
Assets in detailPt X, end of year
CashLn 1$211K
SavingsLn 2$544K
Cash and savings togetherLn 1–2$755K
Total assetsLn 16$755K
LiabilitiesLn 26$0
Net assetsLn 32$755K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
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$680K$755K
Total assetsLn 16$680K$755K
LiabilitiesLn 26$0$0
Net assetsLn 32$680K$755K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$108K
Accounting feesLn 11c$3K
Lobbying feesLn 11d$32K
Office expensesLn 13$1K
TravelLn 17$883
Conferences, conventions and meetingsLn 19$15K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$36K
All other expensesLn 24e$1K
Total functional expensesLn 25$198K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025 $273K$198K$75K$755K 990 PDF
FY2023Filed with the IRS Jun 10, 2024 $262K$221K$41K$680K 990 PDF
FY2022Filed with the IRS May 15, 2023 $240K$200K$40K$639K 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $227K$170K$57K$598K 990 PDF
FY2020Filed with the IRS Jun 1, 2021 $232K$162K$71K$542K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $273,358 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $250,373$257,385
I-10 Investment incomePrior year $9,696$15,361
I-11 Other revenuePrior year $1,828$612
I-12 Total revenuePrior year $261,897$273,358
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 $220,620$198,153
I-18 Total expensesPrior year $220,620$198,153
I-19 Revenue less expensesPrior year $41,277$75,205
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $273,358 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $257,385$257,385
VIII-3 Investment incomeExcluded from tax $15,361$15,361
VIII-8 Net income from fundraising eventsExcluded from tax −$1,167−$1,167
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,779$1,779
VIII-12 Total revenueRelated to mission $259,164 · Unrelated business $0 · Excluded from tax $14,194$273,358
Part IX · Statement of functional expenses $198,153 across 9 lines filed
IX-11a Management fees$108,000
IX-11c Accounting fees$2,665
IX-11d Lobbying fees$32,012
IX-13 Office expenses$1,371
IX-17 Travel$883
IX-19 Conferences, conventions and meetings$14,825
IX-23 Insurance$1,568
IX-24 Other expenses (24a–d)$35,525
IX-24e All other expenses$1,304
IX-25 Total functional expenses$198,153
Part X · Balance sheet $755,226 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $150,939$210,783
X-2 Savings and temporary cash investmentsStart of year $529,082$544,443
X-16 Total assetsStart of year $680,021$755,226
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $680,021$755,226
X-32 Total net assets or fund balancesStart of year $680,021$755,226
X-33 Total liabilities and net assetsStart of year $680,021$755,226
Part XI · Reconciliation of net assets $755,226 net assets at year end
XI-1 Total revenue$273,358
XI-2 Total expenses$198,153
XI-3 Revenue less expenses$75,205
XI-4 Net assets at start of year$680,021
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$755,226

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

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