Naifa - Florida INC FY2022 filing

Not tax-deductible

Cedar Falls, IA501(c)(6)Since 1968EIN 59-0856103Revenue $608K in FY2022

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.

72¢ of each $1 spent went to programs.
$88K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$56K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$608K
-0.7% vs prior year
Spent
$692K
To programs
72%
Net assets
$402K
By yearFY2020–FY2025
Revenue
$608K
FY2022▼ -0.7%
Tap a bar for its year
Revenue by fiscal year
FY2020$640K
FY2021$613K
FY2022$608K
FY2023$491K
FY2024$551K
FY2025$499K
Expenses
$692K
FY2022▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$655K
FY2021$653K
FY2022$692K
FY2023$563K
FY2024$484K
FY2025$465K
Net assets
$402K
FY2022▼ -31%
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 FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

72 cents of each dollar spent went to programs.

Program services 72% · $500K Management & general 28% · $192K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation
$88,100Pt VII · Sec A
President-El
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/ T
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$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.

See Naifa - Florida INC 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

Provides education for licensing and continuing education for insurance professionals.

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Provided by the organization

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1 program · $500K · in their own filed words · FY2022
01

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

$500Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$608K
Ln 12
Fees for servicesLn 2g$581K
Investment incomeLn 3$14K
Gifts and grantsLn 1h$13K
Money outPt IX
$692K
Ln 25
Programscol B$500K
Managementcol C$192K
Owns and owesPt X
$402K
net assets · Ln 32
Cash and savingsLn 1–2$88K
Total assetsLn 16$459K
LiabilitiesLn 26$56K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13K
Fees for servicesLn 2g$581K
Investment incomeLn 3$14K
Other incomeLn 4–11$880
Gains on assetsLn 7$6K
Total revenueLn 12$608K
Assets in detailPt X, end of year
SavingsLn 2$88K
Cash and savings togetherLn 1–2$88K
InvestmentsLn 11–13$292K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$459K
LiabilitiesLn 26$56K
Net assetsLn 32$402K
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 FY22End FY22
Cash and savingsLn 1–2$70K$88K
InvestmentsLn 11–13$525K$292K
Land, buildings, equipmentLn 10c$614$2K
Total assetsLn 16$714K$459K
LiabilitiesLn 26$129K$56K
Net assetsLn 32$585K$402K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$88K$37K$51K
Other salaries and wagesLn 7$120K$50K$70K
Other employee benefitsLn 9$24K$10K$14K
Payroll taxesLn 10$15K$6K$9K
Lobbying feesLn 11d$86K$86K
Other fees for servicesLn 11g$12K$725$11K
Office expensesLn 13$12K$5K$7K
Information technologyLn 14$4K$1K$2K
TravelLn 17$12K$10K$2K
Conferences, conventions and meetingsLn 19$101K$93K$8K
Depreciation, depletion and amortizationLn 22$2K$934$1K
InsuranceLn 23$7K$3K$4K
Other expenses (24a–d)Ln 24$203K$193K$10K
All other expensesLn 24e$7K$5K$2K
Total functional expensesLn 25$692K$500K$192K$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 Viewing $608K$692K−$84K$402K 990 PDF
FY2021 $613K$653K−$41K$585K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $608,384 revenue, 12 lines filed
I-8 Contributions and grants$12,581
I-9 Program service revenuePrior year $581,467$580,946
I-10 Investment incomePrior year $26,642$13,977
I-11 Other revenuePrior year $4,719$880
I-12 Total revenuePrior year $612,828$608,384
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $235,364$246,715
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $417,965$445,276
I-18 Total expensesPrior year $653,329$691,991
I-19 Revenue less expensesPrior year −$40,501−$83,607
Part VI · Governance 15 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
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 $608,384 across 7 lines filed
VIII-1f All other contributions, gifts and grants$12,581
VIII-1h Total contributions, gifts and grants$12,581
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $580,946$580,946
VIII-3 Investment incomeExcluded from tax $7,996$7,996
VIII-7 Net gain or loss on sales of assetsRelated to mission $5,981$5,981
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $880$880
VIII-12 Total revenueRelated to mission $587,807 · Excluded from tax $7,996$608,384
Part IX · Statement of functional expenses $691,991 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $36,782 · Management $51,318$88,100
IX-7 Other salaries and wagesPrograms $49,925 · Management $69,642$119,567
IX-9 Other employee benefitsPrograms $9,561 · Management $14,436$23,997
IX-10 Payroll taxesPrograms $5,997 · Management $9,054$15,051
IX-11d Lobbying feesPrograms $86,000$86,000
IX-11g Other fees for servicesPrograms $725 · Management $11,451$12,176
IX-13 Office expensesPrograms $4,785 · Management $7,179$11,964
IX-14 Information technologyPrograms $1,480 · Management $2,223$3,703
IX-17 TravelPrograms $9,870 · Management $1,862$11,732
IX-19 Conferences, conventions and meetingsPrograms $93,018 · Management $7,563$100,581
IX-22 Depreciation, depletion and amortizationPrograms $934 · Management $1,406$2,340
IX-23 InsurancePrograms $2,825 · Management $4,242$7,067
IX-24 Other expenses (24a–d)Programs $192,673 · Management $9,885$202,558
IX-24e All other expensesPrograms $5,058 · Management $2,097$7,155
IX-25 Total functional expensesPrograms $499,633 · Management $192,358 · Fundraising $0$691,991
Part X · Balance sheet $458,576 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $70,161$87,761
X-4 Accounts receivableStart of year $29,829$33,878
X-8 Inventories for sale or useStart of year $87,940$40,921
X-9 Prepaid expenses and deferred chargesStart of year $1,244$2,160
X-10c Land, buildings and equipment, netStart of year $614$1,586
X-11 Publicly traded securitiesStart of year $524,541$292,270
X-16 Total assetsStart of year $714,329$458,576
X-17 Accounts payable and accrued expensesStart of year $74,178$962
X-25 Other liabilitiesStart of year $48,484$55,400
X-26 Total liabilitiesStart of year $128,857$56,362
X-27 Net assets without donor restrictionsStart of year $585,472$402,214
X-32 Total net assets or fund balancesStart of year $585,472$402,214
X-33 Total liabilities and net assetsStart of year $714,329$458,576
Part XI · Reconciliation of net assets $402,214 net assets at year end
XI-1 Total revenue$608,384
XI-2 Total expenses$691,991
XI-3 Revenue less expenses−$83,607
XI-4 Net assets at start of year$585,472
XI-5 Net unrealized gains (losses) on investments−$101,237
XI-9 Other changes in net assets$1,586
XI-10 Net assets at end of year$402,214

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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