2023-11-14T05:36:48-08:00 2022-12-31 521185156 Lydon Fetterolf Corydon PA 9401 Key West Avenue Rockville MD 20850 990 2022-01-01 522316124 The Life Fund LIFE 2025305910 1000 Wilson Blvd 1890 ARLINGTON VA 22209 john flatley interim ceo 2023-11-14 true john flatley 999009999 true Jeff Corydon IV CPA CFP P00297218 3019484400 0 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z X MIKE WEINTRAUB 1000 Wilson Blvd 1890 ARLINGTON VA 22209 352515 false X lifehappens.org X 2001 DC educate the general public and policy owners, beneficiaries and other appropriate constituencies of the value of the services of professional insurance professionals; and to educate the public of the significant and essential role that the life and health insurance industry and its products play in a sound social and economic system. 15 15 0 15 0 418874 352515 0 0 0 418874 352515 305848 264115 0 0 0 0 14262 131364 320110 395479 98764 -42964 134288 36879 2484823 2430378 -2350535 -2393499 to educate the public about the insurance products and the value of seeking professional advice. false false 281429 264115 LIFE LESSONS - QUALIFIED ENTRANTS WHO SUBMITTED ESSAYS OR VIEOS ABOUT HOW THE DEATH OF A PARNET OR GUARDIAN IMPACTED THEIR LIVES WILL BE ELIGIBLE FOR THE SCHOLARSHIP MONEY.IN 2022, THE FUND PROVIDED SCHOLARSHIPS IN THE AMOUNT OF $264,115 TO A TOTAL OF 37 STUDENTS. ONLINE PROGRAM - THIS CONSUMER WEBSITE CONTAINS INFORMATION THAT ANSWERS QUESTIONS ABOUT LIFE, HEALTH, AND DISABILITY INSURANCE. IT IS A USEFUL RESOURCE FOR PEOPLE WHO WANT TO EDUCATE TEHMSELVES ABOUT THEIR NEEDS, OPTIONS AND ACCESS. THE SITE CONTAINS BASIC INFORMATION ABOUT EACH TYPE OF INSURANCE NEEDS, CALCULATORS, QUIZ QUESTIONS AND A GLOSSARY. CYBER PUBLIC RELATIONS EFFORTS HELPED DRIVE A GREATER NUMBER OF VISITORS TO THE SITE. TEH SITE HAS BEEN UPDATED AN REVISED TO BE MORE USER-FRIENDLY AND CONTAIN NEW INFORMATION ABOUT INSURANCE. 281429 true true false false false false false false false false true false false false true true false false false false false false false false false false false false true true false false false false false false false false false false false false false true false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 15 15 false false false false true true true true true false false true false true false false false false X NAIFA 2025305910 1000 WILSON BLVD SUITE 1890 ALEXANDRIA VA 22209 FAISA STAFFORD President 10.00 27.50 X 0 289599 35786 Margaret Leyes CCO 10.00 35.00 X 0 179979 27811 Joshua Dunham CRO 10.00 35.00 X 0 167144 9393 Richard Pratte head of product 10.00 35.00 X 0 131814 26306 mark hanna Director 0.50 2.50 X X 0 0 0 KIM HARDING past chair 0.50 2.50 X X 0 0 0 ERIK MILLER chair 0.50 2.50 X X 0 0 0 BARB PIETRANGELO vice chair 0.50 2.50 X X 0 0 0 MIKE WEINTRAUB Treasurer 0.50 2.50 X X 0 0 0 Kari Axberg Director 0.50 0.50 X 0 0 0 R Jan Pinney Director 0.50 0.50 X 0 0 0 Kevin Brayton Director 0.50 0.50 X 0 0 0 David Rosuck Director 0.50 0.50 X 0 0 0 Ted Rusinoff Director 0.50 0.50 X 0 0 0 Brent M Bynum Director 0.50 0.50 X 0 0 0 Ryan Schwingler Director 0.50 0.50 X 0 0 0 Ben Laramee Director 0.50 0.50 X 0 0 0 john flatley interim ceo 10.00 35.00 X 0 0 0 768536 99296 0 false true false 0 352515 352515 0 0 0 0 0 0 0 0 0 0 352515 0 264115 264115 0 0 0 0 0 0 0 0 11495 11495 0 0 0 0 0 0 0 0 5819 5819 0 0 0 0 0 0 0 0 0 Bad Debt Expense 114050 114050 0 395479 281429 114050 0 81238 26879 0 0 53050 10000 0 0 0 0 0 321747 321747 0 0 0 0 0 0 134288 36879 400 2484823 2429978 2484823 2430378 X -2490124 -2496757 139589 103258 -2350535 -2393499 134288 36879 -42964 X true X false false false X X 1 LIFE AND HEALTH INSURANCE FOUNDATIO 521904610 10 true 0 0 1 0 true false true true true false false false false false false false false false false false false true false Part IV, Section A, Line 3b: Description Of When and How Organization Made The Determination FACTS REGARDING THE PUBLIC SUPPORT TEST UNDER SECTION 509(A)(2) FOR THESUPPORTED ORGANIZATION ARE CONFIRMED BY MANAGEMENT AND ITS PUBLICACCOUNTING FIRM ON AN ANNUAL BASIS. Part IV, Section A, Line 3c: Explain What Controls The Organization Put In Place THE FUND DID NOT PROVIDE ANY SUPPORT TO THE FOUNDATION FOR THE YEARENDED DECEMBER 31, 2022. HOWEVER, ANY FUNDS PROVIDED TO THE SUPPORTEDORGANIZATION (THE FOUNDATION) ARE REVIEWED BY THE CEO AND ITSACCOUNTING FIRM TO ENSURE PROPER USE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 321747 321747 Due to Life Happens 2429978 2429978 X Part X : FIN48 Footnote LIFE FUND EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2022, THE STATUTE OF LIMITATIONS FOR LIFE FUND'S INCOME TAX RETURN FOR THE YEARS ENDED DECEMBER 31, 2019, 2020,AND 2021 REMAIN OPEN WITH THE FEDERAL, STATE, AND LOCAL AUTHORITIES true 0 0 SCHOLARSHIPS 37 264115 CHECKS 0 Grantmaker's Description of How Grants are Used THE FUND'S CONSUMER EDUCATION MANAGER AND CMO REVIEW AND MONITOR THE USE OF SCHOLARSHIP FUNDS. SCHOLARSHIP CHECKS ARE MAILED DIRECTLY TO THE RECIPIENT'S SCHOOL WITH A DOCUMENT THAT STATES THE USAGE OF THE FUNDS CAN ONLY BE USED FOR SCHOOL EXPENSES AND/OR TUITION. false false false false false false false false false FAISA STAFFORD President 289599 18104 17682 325385 Joshua Dunham CRO 167144 8357 1036 176537 Margaret Leyes CCO 179979 8999 18812 207790 Richard Pratte head of product 131814 6591 19715 158120 Form 990, Part VI, Section A, Line 6 THE FUND HAS THREE CLASSES OF MEMBERS, ASSOCIATION MEMBERS, PARTNER MEMBERS, AND FUND ASSOCIATES. THE "LIFE EDUCATION FUND" MEMBERS SHALL INCLUDE THE ASSOCIATION FOR -GAMA INTERNATIONAL, THE MILLION DOLLAR ROUND TABLE, THE NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS, THE NATIONAL ASSOCIATION OF INDEPENDENT LIFE BROKERAGE AGENCIES, THE LIFE INSURANCE DIRECT MARKETING ASSOCIATION AND SUCH OTHER ORGANIZATIONS AND INDIVIDUALS AS MAY QUALIFY AND BE ELECTED TO MEMBERSHIP AS "LIFE EDUCATION FUND" MEMBERS. PARTNER MEMBERS ARE INDIVIDUALS REPRESENTING FIVE OF THE FOUNDATION'S COMPANY MEMBERSHIP, OTHER ASSOCIATIONS, PAST BOARD MEMBERS OR INDIVIDUALS AS DETERMINED BY THE FOUNDATION AND SUCH INDIVIDUALS AS MAY QUALIFY AND BE ELECTED TO MEMBERSHIP AS "LIFE EDUCATION FUND" PARTNER MEMBERS. FUND ASSOCIATES ARE INDIVIDUALS AND ORGANIZATIONS INTERESTED IN FURTHERING THE PURPOSES OF THE FOUNDATION AS MAY BE APPROVED BY AN AFFIRMATIVE VOTE OF TEN DIRECTORS. THE BOARD OF DIRECTORS MAY CREATE SUCH CLASSES OF FUND ASSOCIATES AS MAY BE DEEMED APPROPRIATE. EACH ASSOCIATION AND PARTNER MEMBER ARE ENTITLED TO ONE VOTE ON EACH MATTER. Form 990, Part VI, Section A, Line 7a EACH ASSOCIATION AND PARTNER MEMBER CAN APPOINT ONE MEMBER TO THE BOARD OF DIRECTORS TO SERVE A TWO YEAR TERM. Form 990, Part VI, Section A, Line 7b THE FUND MEMBERS , BY A MAJORITY VOTE OF ITS MEMBERS MAY AMEND THE BYLAWAS AT ANY REGULAR OR SPECIAL MEETING. Form 990, Part VI, Section B, Line 11b TEH FEDERAL FORM 990 IS FIRST REVIEWED BY THE PRESIDENT AND CEO AND TREASURER. IT IS THEN SENT TO THE AUDIT COMMITTEE AND THE FULL BOARD OF DIRECTORS PRIOR TO FILING THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Section B, Line 12c NEW BOARD MEMBERS ARE PROVIDED WIHT A CONFLICT OF INTEREST POLICY THE FIRST YEAR THEY ARE ON THE BOARD OF DIRECTORS. THE POLICY IS REVISITED EVERY YEAR AT THE SPRING BOARD MEETING. AS FOR EMPLOYEES, THE POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK. THE CONFLICT OF INTEREST DISCLOSURE IS MONITORED ON AN ANNUAL BASIS.THE PRESIDENT AND CEO IS RESPONSIBLE FOR REVIEWING ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST. ONCE REVIEWED, THE MATTER IS BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE WHO MAKES THE FINAL DECISION. IF A CONFLICT DOES EXIST, LIMITS MAY INCLUDE RECUSE FROM VOTING AND PROHIBITING THE MEMBER FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. Form 990, Part VI, Section C, Line 19 HE FUND MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY,AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE DOCUMENTS ARE MAILED TO THE RECIPIENT AS SOON AS THE REQUEST IS RECEIVED. Form 990 Part III, Line 1, Description of of Organization Mission: IN 1994, LIFE HAPPENS HAS PROVIDED THE HIGHEST QUALITY, INDEPENDENT ANDOBJECTIVE INFORMATION FOR PEOPLE SEEKING HELP WITH THEIR INSURANCEBUYING DECISIONS. THE ORGANIZATION IS ON THE LEADING EDGE OF TECHNOLOGYINNOVATION TO SUPPORT THE INSURANCE INDUSTRY BY PROVIDING MARKETING ANDSOCIAL-MEDIA TOOLS AND RESOURCES THROUGH ITS PROPRIETARY LIFE HAPPENSPRO DIGITAL PLATFORM. IN ADDITION, IT CONVENES THE INDUSTRY EACHSEPTEMBER FOR LIFE INSURANCE AWARENESS MONTH, WHICH IT CREATED IN 2004.LIFE HAPPENS IS SUPPORTED BY MORE THAN 140 OF THE NATION'S LEADINGINSURANCE COMPANY AND FINANCIAL SERVICES ORGANIZATIONS. TO LEARN MORE,VISIT WWW.LIFEHAPPENS.ORG. FORM 990, PART VI, SECTION A, LINE 6: THE FOUNDATION HAS THREE CLASSES OF MEMBERS: ASSOCIATION MEMBERS, PARTNERMEMBERS, AND FOUNDATION ASSOCIATES. EACH ASSOCIATION AND PARTNER MEMBER AREBE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THEASSOCIATION AND PARTNER MEMBERS. FOUNDATION ASSOCIATES MAY NOT VOTE. FORM 990, PART VI, SECTION A, LINE 7A: EACH ASSOCIATION AND PARTNER MEMBER WILL APPOINT ONE MEMBER OF THE BOARD OFDIRECTORS WHO WILL SERVE FOR A TWO YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B: THE FOUNDATION'S MEMBERS BY A MAJORITY VOTE OF ITS MEMBERS MAY AMEND THEBYLAWS AT ANY REGULAR OR SPECIAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B: THE FEDERAL FORM 990 IS FIRST REVIEWED BY THE PRESIDENT/CEO AND TREASURER.IT IS THEN SENT TO THE AUDIT COMMITTEE AND THE FULL BOARD OF DIRECTORSPRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C: NEW BOARD MEMBERS ARE PROVIDED WITH A CONFLICT POLICY THE FIRST YEAR THEYARE ON THE BOARD OF DIRECTORS. THE POLICY IS REVISITED EVERY YEAR AT THESPRING BOARD MEETING. AS FOR EMPLOYEES, THE POLICY IS INCLUDED IN THEEMPLOYEE HANDBOOK. THE CONFLICT OF INTEREST DISCLOSURE IS MONITORED ON ANANNUAL BASIS.THE PRESIDENT/CEO IS RESPONSIBLE FOR REVIEWING ANY CONFLICTS OR POTENTIALCONFLICTS OF INTEREST. ONCE REVIEWED, THE MATTER IS BROUGHT TO THEATTENTION OF THE EXECUTIVE COMMITTEE WHO MAKES THE FINAL DECISION. IF ACONFLICT DOES EXIST, LIMITS MAY INCLUDE RECUSE FROM VOTING AND PROHIBITINGTHE MEMBER FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS ANDDECISIONS IN THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A: COMPARABLES FOR LOCATION AND TITLES ARE RESEARCHED THROUGH THE SOCIETY FORHUMAN RESOURCE MANAGEMENT AND AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES.IT IS THEN REVIEWED BY THE PRESIDENT/CEO. LASTLY, THE FINAL SALARY RANGESARE SENT TO THE TREASURER. THE PRESIDENT/CEO'S SALARY IS REVIEWED BY THEENTIRE EXECUTIVE COMMITTEE. THE LAST COMPENSATION REVIEW WAS PERFORMED IN2019. FORM 990, PART VI, SECTION C, LINE 19: THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY,AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE DOCUMENTS ARE MAILEDTO THE RECIPIENT AS SOON AS THE REQUEST IS RECEIVED. 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