Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
46 people listed on the 990; $3.8M paid to officers and key staff.
Marc Cadin’s $991K as CEO is at the 96th percentile of top reported officer pay among 572 $10–100M community development 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Marc Cadin | $991,460 | $980,932 | $922,566 | $879,776 | $179,090 |
| Bonnie Godsman | $553,697 | $600,284 | $665,237 | $726,852 | $144,396 |
| David Stertzer | $500,000 | $500,000 | $354,167 | $501,823 | $143,856 |
| Armstrong Robinson | $423,918 | $374,017 | $372,702 | $341,588 | $82,447 |
| Suzanne Jacobs | — | $399,341 | $399,889 | $380,024 | $79,158 |
| Daniel Labert | $336,120 | $383,377 | $100,795 | — | — |
| Marguerite Seidel | $333,773 | $279,746 | $267,991 | $178,220 | — |
| Judith Durham | — | $209,747 | $235,613 | $172,884 | — |
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 Finseca Pac executive salaries →On this list? Claim this org
Something off? Claim to add context
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 financial security professionals, developing leaders and promoting their work.
Questions for Finseca Pac
Your first name shows with your question. Finseca Pac answers here, for everyone.
Know this org? Add your story
Advocacy
The mission of finseca efforts in the legislative and regulatory affairs arena is to promote and advocate for our members, their clients, and the broader 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 individual…
Member Learning and Experience
Finseca provides meetings to keep insurance professionals on the leading edge of trends and skills by providing them with an education and networking for participants. Finseca provides a forum for members to exchange information and an opportunity for members to participate in professional development activities.
Public Affairs and Marketing
Finseca's communication efforts help raise industry awareness of the organization's efforts.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.8M | $2.0M |
| InvestmentsLn 11–13 | $2.4M | $2.2M |
| Land, buildings, equipmentLn 10c | $29K | $443 |
| Total assetsLn 16 | $6.6M | $5.9M |
| LiabilitiesLn 26 | $8.2M | $5.7M |
| Net assetsLn 32 | −$1.6M | $255K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $600K | |||
| Pay of current officers, directors and key staffLn 5 | $2.1M | |||
| Other salaries and wagesLn 7 | $5.3M | |||
| Pension plan contributionsLn 8 | $160K | |||
| Other employee benefitsLn 9 | $605K | |||
| Payroll taxesLn 10 | $434K | |||
| Legal feesLn 11b | $80K | |||
| Accounting feesLn 11c | $240K | |||
| Lobbying feesLn 11d | $371K | |||
| Investment management feesLn 11f | $16K | |||
| Other fees for servicesLn 11g | $1.8M | |||
| Advertising and promotionLn 12 | $98K | |||
| Office expensesLn 13 | $373K | |||
| Information technologyLn 14 | $665K | |||
| RoyaltiesLn 15 | $933K | |||
| OccupancyLn 16 | $459K | |||
| TravelLn 17 | $672K | |||
| Conferences, conventions and meetingsLn 19 | $2.7M | |||
| InterestLn 20 | $4K | |||
| Depreciation, depletion and amortizationLn 22 | $22K | |||
| InsuranceLn 23 | $68K | |||
| Other expenses (24a–d)Ln 24 | $138K | |||
| All other expensesLn 24e | $5K | |||
| Total functional expensesLn 25 | $17.9M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $20.2M | $17.9M | $2.3M | $255K | 990 PDF |
| FY2023 | $18.9M | $20.3M | −$1.5M | −$1.6M | 990 PDF |
| FY2022 | $16.7M | $18.8M | −$2.1M | $639K | 990 PDF |
| FY2021 | $13.2M | $12.6M | $674K | $3.2M | 990 PDF |
| FY2020 | $4.0M | $5.2M | −$1.2M | $3.2M | 990 PDF |
More to add? Claim this org
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $20,164,644 revenue, 12 lines filed
Part VI · Governance 28 of 28 board members independent, no flags
Part VIII · Statement of revenue $20,164,644 across 9 lines filed
Part IX · Statement of functional expenses $17,899,038 across 23 lines filed
Part X · Balance sheet $5,942,880 assets, 17 lines filed
Part XI · Reconciliation of net assets $254,531 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.
We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.
Your org? Add context
Made it to the end? Claim this org