2024-11-15T18:44:36-06:00 2023-12-31 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2023-01-01 521727202 FINSECA FOUNDATION FINS 7036419400 600 13TH STREET NW 550 WASHINGTON DC 20005 MARC CADIN CHIEF EXECUTIVE OFFICER 7036419400 2024-11-15 1 0 AARON M FOX P01365820 2022274000 2024-11-15 2023 2024-10-15 13:58:12Z MARC CADIN 600 13TH STREET NW 550 WASHINGTON DC 20005 1365825 0 X WWW.FINSECA.ORG/FOUNDATION/ X 1990 DC PROVIDE RESEARCH AND EDUCATION MATERIALS TO THOSE IN LIFE INSURANCE AND RELATED FINANCIAL SERVICES. 10 10 0 21 0 0 638831 597989 34667 60250 -5846 35941 13813 -2540 681465 691640 0 0 0 0 0 0 0 0 253951 733480 624507 733480 624507 -52015 67133 2907709 3243065 279690 252868 2628019 2990197 THE MISSION OF FINSECA FOUNDATION IS TO ENCOURAGE EDUCATIONAL AND RESEARCH ENDEAVORS TO ADVANCE THE ART AND SCIENCE OF AGENCY MANAGEMENT IN LIFE INSURANCE AND RELATED FINANCIAL SERVICES. 0 0 200539 60250 EDUCATION AND RESEARCH: FINSECA FOUNDATION PROVIDES ENCOURAGING EDUCATIONAL AND RESEARCH ENDEAVORS TO ADVANCE THE ART AND SCIENCE OF AGENCY MANAGEMENT IN LIFE INSURANCE AND RELATED FINANCIAL SERVICES. 200539 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 X 10 10 0 1 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 AL CA CO CT FL HI IL MA MD ME MN MS ND NH NJ NY OK OR PA RI SC TN UT VA WA WV X JUDITH DURHAM 7036419400 600 13TH STREET NW 550 WASHINGTON DC 20005 HOWARD SHARFMAN CHAIR 5.00 0.00 X X 0 0 0 JOHN BUCSEK IMMEDIATE PAST CHAIR 5.00 0.00 X X 0 0 0 SAMUEL L TERRAZZINO TREASURER 5.00 0.00 X X 0 0 0 RYAN BECK TRUSTEE 2.00 0.00 X 0 0 0 DAVIN BELL TRUSTEE 2.00 0.00 X 0 0 0 JESSICA CICCARELLI TRUSTEE 2.00 0.00 X 0 0 0 BRUCE DAVISON TRUSTEE 2.00 0.00 X 0 0 0 JAMIE HEBETS TRUSTEE 2.00 0.00 X 0 0 0 JAMES J PUCCI TRUSTEE 2.00 0.00 X 0 0 0 MAURICE SPRINGER TRUSTEE 2.00 0.00 X 0 0 0 MARC CADIN CHIEF EXECUTIVE OFFICER 2.00 38.00 X 51628 980932 36561 BONNIE GODSMAN PRESIDENT 4.00 36.00 X 66698 600284 20160 118326 1581216 56721 0 0 1 0 0 217265 380724 597989 PRODUCT LICENSING 900099 60250 60250 60250 57615 57615 454307 475981 -21674 -21674 -21674 194047 217265 198204 -4157 -4157 OTHER INCOME 900099 1617 1617 1617 691640 60250 0 33401 528430 186273 127882 214275 9527 9527 16329 16329 27720 4941 3362 19417 16702 2903 1974 11825 10779 5156 99 5524 BAD DEBT EXPENSE 8000 8000 MISCELLANEOUS EXPENSES 7020 1266 2844 2910 624507 200539 170017 253951 422624 503574 127940 141849 145505 43487 2200573 2522279 11067 31876 2907709 3243065 60000 2649 219690 250219 279690 252868 X 2493044 2946710 134975 43487 2628019 2990197 2907709 3243065 67133 295045 0 X 0 1 X 1 0 X 1224451 441183 1304166 638831 597989 4206620 1224451 441183 1304166 638831 597989 4206620 187878 4018742 161489 114801 43011 46923 57615 423839 9821 19202 20834 1617 51474 4681933 162837 0.85840 0.87430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INTERCOMPANY PAYABLE 250219 250219 LAMP AUCTION 222560 132965 89595 89595 4406 GOLF EVENT 188752 84300 104452 50000 54200 3 411312 217265 194047 89595 50000 54200 4406 3 198204 -4157 0 0 0 0 0 0 0 0 0 MARC CADIN CHIEF EXECUTIVE OFFICER 40323 766146 11305 214786 0 0 825 15675 1003 19058 53456 1015665 0 0 BONNIE GODSMAN PRESIDENT 59348 534134 7350 66150 0 0 890 8010 1126 10134 68714 618428 0 0 PART I, LINE 3 THE FOUNDATION SHARES PERSONNEL WITH FINSECA, AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. FOR THE PURPOSES OF FORM 990 REPORTING, THE COMPENSATION FOR MARC CADIN AND BONNIE GODSMAN REPORTED ON THE FORM 990, PART VII WAS PAID AS PART OF REIMBURSEMENT MANAGEMENT FEES INCLUDED ON FORM 990, PART IX, LINE 11A. X 1 20958 FMV X AUCTION ITEMS 37 132965 FMV 0 0 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF CONTRIBUTED ITEMS. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION SHARES PERSONNEL WITH FINSECA, AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. FOR THE PURPOSES OF FORM 990 REPORTING, THE COMPENSATION FOR ALL STAFF OF THE FOUNDATION REPORTED ON THE FORM 990 WAS PAID AS PART OF REIMBURSED MANAGEMENT FEES INCLUDED ON FORM 990, PART IX, LINE 11A. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED DURING THE YEAR ENDING DECEMBER 31, 2023, FOR THE FOLLOWING GOVERNANCE CHANGES: NUMBER AND COMPOSITION OF VOTING MEMBERS NUMBER AND COMPOSITION OF OFFICERS ROLE OF MEMBERSHIP IN GOVERNANCE COMPOSITION OF AUDIT COMMITTEE FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE FOUNDATION IS FINSECA, AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER OF THE FOUNDATION HAS THE POWER TO APPOINT TRUSTEES TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE BYLAWS REQUIRE APPROVAL BY THE SOLE MEMBER OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS REVIEWED BY THE VP, FINANCE OF FINSECA. THE FINAL COPY IS PRESENTED TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY AND ITS APPLICATION SHALL BE REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF TRUSTEES AND OFFICERS, EACH OF WHOM HAS A CONTINUING RESPONSIBILITY TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONSHIPS FOR POTENTIAL CONFLICTS OF INTEREST, AND MAKE SUCH DISCLOSURES AS DESCRIBED IN THIS POLICY. AS ADMINISTERED BY THE CEO, EACH TRUSTEE WILL BE ASKED TO COMPLETE A CERTIFICATION OF AGREEMENT WITH THE POLICY AND DISCLOSURE OF ANY KNOWN CONFLICTS OF INTEREST UPON HIS OR HER ELECTION OR RE-ELECTION TO THE BOARD AND ANNUALLY THEREAFTER. ALL CERTIFICATIONS SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION SHARES PERSONNEL WITH FINSECA, AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. FOR THE PURPOSES OF FORM 990 REPORTING, THE COMPENSATION FOR THE CEO OF THE FOUNDATION REPORTED ON THE FORM 990, PART VII WAS PAID AS PART OF REIMBURSEMENT MANAGEMENT FEES INCLUDED ON FORM 990, PART IX, LINE 11A. FINSECA'S EXECUTIVE COMMITTEE REVIEWS THE CEO'S SALARY ANNUALLY. AS DEEMED NECESSARY BY THE EXECUTIVE COMMITTEE, COMPENSATION STUDIES MAY BE PERFORMED TO DETERMINE APPROPRIATE COMPENSATION. THE DELIBERATION AND DECISION OF THE REVIEW ARE DOCUMENTED IN THE COMMITTEE MINUTES. THE CEO DETERMINES COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. HOWEVER, THE FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FINSECA 600 13TH STREET NW SUITE 550 WASHINGTON DC 20005 852061667 ADVOCATE FOR THE FINANCIAL SECURITY PROFESSION DC 501(C)(6) N/A 0 NATIONAL ASSOCIATION OF INDEPENDENT LIFE BROKERAGE AGENCIES 10304 EATON PLACE SUITE 100 1022 FAIRFAX VA 22030 363209661 PROMOTE BUSINESS INTEREST OF INDEPENDENT LIFE BROKERAGE AGENCIES IL 501(C)(6) FINSECA 0 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 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 FINSECA M 528430 INVOICE