2023-11-15T21:49:15-06:00 2022-12-31 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2022-01-01 363209661 NATIONAL ASSOCIATION OF INDEPENDENT LIFE BROKERAGE AGENCIES NATI 7033833081 10304 EATON PLACE SUITE 100 1022 FAIRFAX VA 22030 DANIEL LABERT CHIEF EXECUTIVE OFFICER 7033833081 2023-11-15 1 DANIEL LABERT XXX-XX-XXXX 0 AARON M FOX P01365820 2028225000 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z DANIEL LABERT 10304 EATON PLACE SUITE 100 1022 FAIRFAX VA 22030 854206 0 X WWW.NAILBA.ORG X 1982 IL SERVE THE INTERESTS OF VALUE-ADDED, INDEPENDENTLY-OWNED LIFE BROKERAGE AGENCIES. NAILBA IS THE PREMIER INSURANCE INDUSTRY ORGANIZATION PROMOTING FINANCIAL SECURITY AND CONSUMER CHOICE THROUGH THE USE OF INDEPENDENT BROKERAGE DISTRIBUTION. X 9 9 7 19 266609 16270 0 123945 2560268 730219 90 42 0 0 2560358 854206 0 0 0 0 811965 639160 0 0 0 1692076 440090 2504041 1079250 56317 -225044 1658725 0 1104644 0 554081 0 SERVE THE INTERESTS OF VALUE-ADDED, INDEPENDENTLY-OWNED LIFE BROKERAGE AGENCIES. NAILBA IS THE PREMIER INSURANCE INDUSTRY ORGANIZATION PROMOTING FINANCIAL SECURITY AND CONSUMER CHOICE THROUGH THE USE OF INDEPENDENT BROKERAGE DISTRIBUTION. 0 0 ANNUAL MEETING: FACILITATED THE EXCHANGE OF INFORMATION CONCERNING INDEPENDENT LIFE AGENCIES VIA WORKSHOP AND PRESENTATIONS BY VARIOUS SPEAKERS, ATTENDANCE-APPROXIMATELY 1,000. PUBLICATION: DISSEMINATED TECHNICAL AND GENERAL INFORMATION RELATED TO INDUSTRY IN NEWSLETTERS AND MAGAZINES. APPROXIMATELY 5,500 RECIPIENTS. 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 15 0 1 7 1 1 1 0 0 0 1 1 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 0 0 VA X THE ORGANIZATION 7033833081 10304 EATON PLACE SUITE 100 1022 FAIRFAX VA 22030 JOHN GILBERT CHAIR 2.00 1.00 X X 0 0 0 VICTORIA VAN DUSEN-ROOS CHAIR-ELECT 2.00 X X 0 0 0 DEBBIE V HANNAM SECRETARY 2.00 X X 0 0 0 JAMES WONG TREASURER 2.00 1.00 X X 0 0 0 JASON LEA IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 JIM DUFF DIRECTOR 2.00 X 0 0 0 JASON GROVER DIRECTOR 2.00 X 0 0 0 LUKE RAMSEY DIRECTOR 2.00 X 0 0 0 MALCOLM SKLAR DIRECTOR 2.00 X 0 0 0 DANIEL LABERT CHIEF EXECUTIVE OFFICER 25.00 15.00 X 267445 100795 15653 267445 100795 15653 1 0 1 0 0 123945 123945 MEMBERSHIP DUES 900099 279761 279761 MARKETING/ADVERTISING 541800 266609 266609 CASE MANAGER REVENUE 900099 155001 155001 CONTRACT REVENUE 900099 25648 25648 SERVICE FEE REVENUE 900099 3200 3200 730219 42 42 854206 463610 266609 42 275637 257487 7401 52480 46155 1620 56509 85942 46420 62684 37137 21885 91945 20209 2651 836 5285 DUES & SUBSCRIPTIONS 4871 TAXES & FEES 2096 1079250 153986 0 737035 0 16857 0 0 0 3770 0 635356 0 111721 0 1658725 0 77603 0 734793 0 292248 0 1104644 0 X 554081 0 554081 0 1658725 0 X -225044 -337 -328700 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 DANIEL LABERT CHIEF EXECUTIVE OFFICER 167445 58270 100000 42525 0 0 8192 2188 0 5273 275637 108256 0 0 CASH AND CASH EQUIVALENT 2022-09-01 1316903 BOOK VALUE 852061667 FINSECA 600 13TH STREET NW SUITE 550 WASHINGTON DC 20005 501(C)(6) ACCOUNTS RECEIVABLE 2022-09-01 385142 BOOK VALUE 852061667 FINSECA 600 13TH STREET NW SUITE 550 WASHINGTON DC 20005 501(C)(6) PREPAID EXPENSES 2022-09-01 178074 BOOK VALUE 852061667 FINSECA 600 13TH STREET NW SUITE 550 WASHINGTON DC 20005 501(C)(6) SECURITY DEPOSITS 2022-09-01 9721 BOOK VALUE 852061667 FINSECA 600 13TH STREET NW SUITE 550 WASHINGTON DC 20005 501(C)(6) PROPERTY AND EQUIPMENT 2022-09-01 2596 BOOK VALUE 852061667 FINSECA 600 13TH STREET NW SUITE 550 WASHINGTON DC 20005 501(C)(6) ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2022-09-01 -66758 BOOK VALUE 852061667 FINSECA 600 13TH STREET NW SUITE 550 WASHINGTON DC 20005 501(C)(6) DEFERRED REVENUE 2022-09-01 -1496978 BOOK VALUE 852061667 FINSECA 600 13TH STREET NW SUITE 550 WASHINGTON DC 20005 501(C)(6) NET ASSETS WITHOUT DONOR RESTRICTIONS 2022-09-01 -328700 BOOK VALUE 852061667 FINSECA 600 13TH STREET NW SUITE 550 WASHINGTON DC 20005 501(C)(6) 1 1 0 0 PART II, LINE 2E: PERSON(S) INVOLVED: DANIEL LABERT PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: DANIEL LABERT, CHIEF EXECUTIVE OFFICER OF NAILBA, WILL BECOME PRESIDENT, BROKERAGE DIVISION AND EVP MEMBER EXPERIENCE AND COMMUNITIES OF FINSECA. ADDITIONALLY, FOUR BOARD MEMBERS OF NAILBA WILL BE ELECTED AS BOARD MEMBERS OF FINSECA. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION SHALL HAVE THE CLASSES OF MEMBERSHIP OUTLINED BELOW (COLLECTIVELY REFERRED TO AS "THE MEMBERSHIP"). MEMBERSHIP IN NAILBA REFLECTS AN ORGANIZATION'S DEDICATION TO INDEPENDENT BROKERAGE IDEALS. MEMBERSHIP APPLICATIONS MUST BE APPROVED BY A MAJORITY OF THE BOARD OF DIRECTORS. ANNUAL DUES FOR EACH CLASS OF MEMBERSHIP SHALL BE DETERMINED BY THE BOARD OF DIRECTORS. REGULAR MEMBERSHIP: QUALIFICATIONS FOR AN AGENCY'S ACCEPTANCE AS A REGULAR MEMBER: 1. THE AGENCY IS AN APPROPRIATELY LICENSED INDEPENDENT BROKERAGE AGENCY. 2. THE AGENCY DERIVES ITS PRIMARY INCOME FROM BROKERAGE DISTRIBUTION. 3. THE AGENCY IS FREE TO PLACE BUSINESS WITH ANY CARRIER. 4. THE AGENCY MAINTAINS, IN GOOD STANDING, A BROKERAGE GENERAL AGENT'S CONTRACT WITH AT LEAST THREE (3) BROKERAGE CARRIERS. 5. THE AGENCY IS COMMITTED TO PROMOTING AND ADVOCATING THE INDEPENDENT BROKERAGE SYSTEM. 6. APPLICANTS MUST AGREE TO COMPLY WITH THE NAILBA BYLAWS AND PROMOTE THE TRADE AND BUSINESS OF INDEPENDENT INSURANCE BROKERAGE AGENCIES AND THE INTERESTS OF CONSUMERS SERVED BY SUCH AGENCIES. MEMBER EMERITUS: THIS CATEGORY SHALL BE FOR A RETIRED PRINCIPAL FROM A NAILBA MEMBER AGENCY, OR FOR AN AGENCY PRINCIPAL WHO NO LONGER QUALIFIES FOR MEMBERSHIP AS A REGULAR MEMBER. THE INDIVIDUAL'S AGENCY (OR FORMER AGENCY) SHALL HAVE NO LESS THAN FIVE (5) CONTINUOUS YEARS OF NAILBA MEMBERSHIP, IN GOOD STANDING, PRIOR TO RETIREMENT. MEMBERSHIP BENEFITS UNDER THIS CATEGORY ARE LIMITED TO THE INDIVIDUAL WHO IS GRANTED MEMBERSHIP, NOT FOR ANY OTHERS IN THE PRINCIPAL'S FORMER AGENCY. FORM 990, PART VI, SECTION A, LINE 7A EACH REGULAR MEMBER AGENCY SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS INCLUDING THE ELECTION OF BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B EACH REGULAR MEMBER AGENCY SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B NAILBA'S COMMITTEES DO NOT MAKE DECISIONS ABOUT THE GOVERNANCE OF THE ORGANIZATION. THEY MAKE RECOMMENDATIONS TO THE BOARD AND THE BOARD MAKES THE DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO SUBMISSION, THE COMPLETED FORM 990 WAS REVIEWED BY VP, FINANCE OF FINSECA. FORM 990, PART VI, SECTION B, LINE 12C EACH INDIVIDUAL BOARD MEMBER IS ASKED TO SIGN THE ORGANIZATION'S ANTI-TRUST AND CONFLICT OF INTEREST STATEMENTS ONCE EACH YEAR. ADDITIONALLY, AT THE BEGINNING OF EACH MEETING, IN PERSON OR BY A CONFERENCE CALL, EACH BOARD MEMBER IS REQUIRED TO ACKNOWLEDGE THAT HIS OR HER AGREEMENT WITH THOSE POLICIES REMAINS IN EFFECT. FORM 990, PART VI, SECTION B, LINE 15A THE CHIEF EXECUTIVE OFFICER HAS AN EMPLOYMENT AGREEMENT WITH THE ORGANIZATION. ON EACH RENEWAL, THE COMPENSATION IS REVIEWED AND COMPARED TO OTHER SIMILAR ORGANIZATIONS IN SIZE AND BUDGET TO ENSURE THAT IT IS NOT TOO HIGH OR TOO LOW. THE REVIEW IS CONDUCTED BY THE ORGANIZATION'S EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 ANY TIME A REQUEST TO VIEW THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS IS MADE, THE INDIVIDUAL IS TO MAKE AN APPOINTMENT TO VIEW THEM IN THE HQ OFFICE. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS ON INTEGRATION -328,700. NAILBA CHARITABLE FOUNDATION 10304 EATON PLACE SUITE 100 1022 FAIRFAX VA 22030 562448850 PROVIDE GRANTS, FUNDS TO ORGANIZATIONS VA 501(C)(3) LINE 12A, I NAILBA 0 FINSECA 600 13TH STREET NW SUITE 550 WASHINGTON DC 20005 852061667 ADVOCATE FOR THE FINANCIAL SECURITY PROFESSION DC 501(C)(6) N/A 0 FINSECA FOUNDATION 600 13TH STREET NW SUITE 550 WASHINGTON DC 20005 521727202 PROVIDE RESEARCH & EDUCATION MATERIALS TO THOSE IN LIFE INSURANCE SERVICES. DC 501(C)(3) LINE 7 FINSECA 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 NAILBA CHARITABLE FOUNDATION L 4800 FMV FINSECA R 328700 BOOK VALUE