Naifa - Florida INC FY2020 filing

Not tax-deductible

Cedar Falls, IA501(c)(6)Since 1968EIN 59-0856103Revenue $640K in FY2020

On file with the IRSfl.naifa.org600 State St Ste A, 50613-3371 · Cedar Falls, IATax-exempt since Aug 1965

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Empowering financial professionals and consumers through world-class advocacy and education.

100¢ of each $1 spent went to programs.
$92K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $18K a year · 3% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$121K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$640K
Spent
$655K
To programs
100%
Net assets
$588K
By yearFY2020–FY2025
Revenue
$640K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$640K
FY2021$613K
FY2022$608K
FY2023$491K
FY2024$551K
FY2025$499K
Expenses
$655K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$655K
FY2021$653K
FY2022$692K
FY2023$563K
FY2024$484K
FY2025$465K
Net assets
$588K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$588K
FY2021$585K
FY2022$402K
FY2023$340K
FY2024$459K
FY2025$518K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1965.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $655K

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

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Who runs it and what they're paid

14 people listed on the 990; $92K paid to officers and key staff.

Part VII, Section A · reportable compensation
$91,812Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Natl Committ
$0Pt VII · Sec A
President El
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tom Ashley$16,547$88,100$88,100$85,500$91,812

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

Provides education for licensing and continuing education for insurance professionals.

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Provided by the organization

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1 program · $655K · in their own filed words · FY2020
01

To promote education and professionalism in preparation for licensing examination and maintenance of continuing education required by florida law.

$655Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$640K
Ln 12
Fees for servicesLn 2g$616K
Other incomeLn 4–11$14K
Investment incomeLn 3$10K
Money outPt IX
$655K
Ln 25
Programscol B$655K
Owns and owesPt X
$588K
net assets · Ln 32
Cash and savingsLn 1–2$66K
Total assetsLn 16$710K
LiabilitiesLn 26$121K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$616K
Investment incomeLn 3$10K
Other incomeLn 4–11$14K
Gains on assetsLn 7$244
Total revenueLn 12$640K
Assets in detailPt X, end of year
SavingsLn 2$66K
Cash and savings togetherLn 1–2$66K
InvestmentsLn 11–13$515K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$710K
LiabilitiesLn 26$121K
Net assetsLn 32$588K
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
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$80K$66K
InvestmentsLn 11–13$550K$515K
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$743K$710K
LiabilitiesLn 26$61K$121K
Net assetsLn 32$681K$588K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$92K$92K
Other salaries and wagesLn 7$99K$99K
Pension plan contributionsLn 8$4K$4K
Other employee benefitsLn 9$29K$29K
Payroll taxesLn 10$15K$15K
Accounting feesLn 11c$12K$12K
Lobbying feesLn 11d$86K$86K
Other fees for servicesLn 11g$10K$10K
Office expensesLn 13$14K$14K
Information technologyLn 14$3K$3K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$12K$12K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$261K$261K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$655K$655K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $499K$465K$34K$518K 990 PDF
FY2024 $551K$484K$67K$459K 990 PDF
FY2023 $491K$563K−$71K$340K 990 PDF
FY2022 $608K$692K−$84K$402K 990 PDF
FY2021 $613K$653K−$41K$585K 990 PDF
FY2020 Viewing $640K$655K−$15K$588K 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 (6 parts)
Part I · Summary $640,169 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $658,633$616,161
I-10 Investment incomePrior year $5,577$10,313
I-11 Other revenuePrior year $37,359$13,695
I-12 Total revenuePrior year $701,569$640,169
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $243,318$238,093
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $513,803$416,950
I-18 Total expensesPrior year $757,121$655,043
I-19 Revenue less expensesPrior year −$55,552−$14,874
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $640,169 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $616,161$616,161
VIII-3 Investment incomeExcluded from tax $10,069$10,069
VIII-7 Net gain or loss on sales of assetsRelated to mission $244$244
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,695$13,695
VIII-12 Total revenueRelated to mission $630,100 · Excluded from tax $10,069$640,169
Part IX · Statement of functional expenses $655,043 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $91,812$91,812
IX-7 Other salaries and wagesPrograms $98,701$98,701
IX-8 Pension plan contributionsPrograms $3,964$3,964
IX-9 Other employee benefitsPrograms $28,959$28,959
IX-10 Payroll taxesPrograms $14,657$14,657
IX-11c Accounting feesPrograms $11,925$11,925
IX-11d Lobbying feesPrograms $86,000$86,000
IX-11g Other fees for servicesPrograms $9,605$9,605
IX-13 Office expensesPrograms $13,535$13,535
IX-14 Information technologyPrograms $2,515$2,515
IX-17 TravelPrograms $4,918$4,918
IX-19 Conferences, conventions and meetingsPrograms $11,941$11,941
IX-22 Depreciation, depletion and amortizationPrograms $1,052$1,052
IX-23 InsurancePrograms $7,874$7,874
IX-24 Other expenses (24a–d)Programs $260,672$260,672
IX-24e All other expensesPrograms $6,913$6,913
IX-25 Total functional expensesPrograms $655,043 · Management $0 · Fundraising $0$655,043
Part X · Balance sheet $709,653 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $79,714$65,924
X-4 Accounts receivableStart of year $31,127$31,505
X-8 Inventories for sale or useStart of year $77,270$94,132
X-9 Prepaid expenses and deferred chargesStart of year $1,701$1,244
X-10c Land, buildings and equipment, netStart of year $2,718$1,666
X-11 Publicly traded securitiesStart of year $550,076$515,182
X-16 Total assetsStart of year $742,606$709,653
X-17 Accounts payable and accrued expensesStart of year $283$60,724
X-19 Deferred revenue$6,198
X-25 Other liabilitiesStart of year $61,035$54,485
X-26 Total liabilitiesStart of year $61,318$121,407
X-27 Net assets without donor restrictionsStart of year $681,288$588,246
X-32 Total net assets or fund balancesStart of year $681,288$588,246
X-33 Total liabilities and net assetsStart of year $742,606$709,653
Part XI · Reconciliation of net assets $588,246 net assets at year end
XI-1 Total revenue$640,169
XI-2 Total expenses$655,043
XI-3 Revenue less expenses−$14,874
XI-4 Net assets at start of year$681,288
XI-5 Net unrealized gains (losses) on investments−$20,186
XI-9 Other changes in net assets−$57,982
XI-10 Net assets at end of year$588,246

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

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