2024-11-14T14:36:04-06:00 2023-12-31 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2023-01-01 522316124 THE LIFE FUND LIFE 7037708100 1000 WILSON BOULEVARD 1890 ARLINGTON VA 22209 ERNI DAVIS CPA/CFO 7037708100 2024-11-14 1 1 FOX AARON P00639053 2022274000 2023 2024-10-15 13:58:12Z X KEVIN M MAYEUX 1000 WILSON BOULEVARD 1890 ARLINGTON VA 22209 80868 0 X WWW.LIFEHAPPENS.ORG X 2001 DC TO EDUCATE THE PUBLIC ABOUT THE INSURANCE PRODUCTS AND THE VALUE OF SEEKING PROFESSIONAL ADVICE. 6 5 0 5 0 0 352515 80695 0 0 0 0 0 173 352515 80868 264115 158467 0 0 0 0 0 0 0 131364 716 395479 159183 -42964 -78315 36879 91662 2430378 3 -2393499 91659 X 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. 0 0 159183 158467 173 LIFE LESSONS - QUALIFIED ENTRANTS WHO SUBMITTED ESSAYS OR VIDEOS ABOUT HOW THE DEATH OF A PARENT OR GUARDIAN IMPACTED THEIR LIVES WLL BE ELIGIBLE FOR THE SCHOLARSHIP MONEY.IN 2023, THE FUND PROVIDED SCHOLARSHIPS IN THE AMOUNT OF $98,467 TO A TOTAL OF 11 STUDENTS. 159183 1 1 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 0 0 0 0 VA X ERNI DAVIS 7037701800 1000 WILSON BOULEVARD 1890 ARLINGTON VA 22209 BARB PIETRANGELO DIRECTOR 1.00 2.50 X 0 0 0 MARK HANNA CLU CHFC AIF DIRECTOR 1.00 2.50 X 0 0 0 MICHAEL WEINTRAUB TREASURER 1.00 2.50 X 0 0 0 R JAN PINNEY DIRECTOR 1.00 2.50 X 0 0 0 PAUL DOUGHERTY DIRECTOR 1.00 2.50 X 0 0 0 MARGARET LEYES CHIEF CREATIVE OFFICER 10.00 35.00 X 0 193768 24719 BRIAN STEINER EXECUTIVE DIRECTOR 10.00 35.00 X 0 0 0 ERNI DAVIS CFO 10.00 35.00 X 0 208786 23005 KEVIN M MAYEUX CEO 10.00 35.00 X 0 562364 30118 0 964918 77842 0 0 1 0 0 80695 80695 OTHER REVENUE 900099 173 173 173 80868 173 0 0 60000 60000 98467 98467 67 67 BANK FEES 646 646 POSTAGE & SHIPPING 3 3 159183 159183 0 0 26879 19255 10000 72407 36879 91662 400 3 2429978 2430378 3 X -2496757 -24659 103258 116318 -2393499 91659 36879 91662 X -78315 2563473 X X 0 1 X 1 0 X X 1 LIFE AND HEALTH INSURANCE FOUNDATION 521904610 10 1 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B: LIFE HAPPENS IS A NONPROFIT ORGANIZATION DEDICATED TO HELPING CONSUMERS TAKE PERSONAL FINANCIAL RESPONSIBILITY THROUGH THE OWNERSHIP OF LIFE INSURANCE AND RELATED PRODUCTS. THE ORGANIZATION DOES NOT ENDORSE ANY PRODUCT, COMPANY OR INSURANCE ADVISOR. LIFE HAPPENS IS SUPPORTED BY MORE THAN 140 OF THE NATION'S LEADING INSURANCE COMPANY AND FINANCIAL SERVICES ORGANIZATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE FUND EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR 2023, 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. 1 COLUMBIA UNIVERSITY PO BOX 1385 NY NY 100081385 135598093 501(C)(3) 10000 0 CHECKS LIFE LESSONS THE UNIVERSITY OF NORTH CAROLINA AT CHAPE HILL 450 RIDGE RD SUITE 2215 CHAPELL HILL NC 275991400 566001393 501(C)(3) 10000 0 CHECKS LIFE LESSONS VILLANOVA UNIVERSITY 800 E LANCASTER AVE VILLANOVE PA 19085 231352688 501(C)(3) 10000 0 CHECKS LIFE LESSONS FAIRMONT STATE UNIVERSITY 1201 LOCUST AVE FAIRMONT WV 26554 556023559 501(C)(3) 10000 0 CHECKS LIFE LESSONS GUILFORD COLLEGE 5800 W FRIENDLY AVE GREENSBORO NC 27410 560529982 501(C)(3) 10000 0 CHECKS LIFE LESSONS VIRGINIA TECH 800 WASHINGTON ST NW SUITE 150 BLACKSBURG VA 24061 546001736 501(C)(3) 10000 0 CHECKS LIFE LESSONS 6 SCHOLARSHIPS 11 98467 CHECKS LIFE LESSONS PART I, LINE 2: THE FUND'S CONSUMER EDUCATION MANAGER AND CMO REVIEW AND MONITOR USE OF SCHOLARSHIP FUNDS. SCHOLARSHIP CHECKS ARE MAILED DIRECTLY TO THE RECIPIENT'S SCHOOLS WITH A DOCUMENT THAT STATES THAT THE USAGE OF THE FUNDS CAN ONLY BE FOR SCHOOL EXPENSES AND/OR TUITION. 0 0 0 0 0 0 0 0 0 KEVIN M MAYEUX CEO 0 496747 0 64375 0 1242 0 9900 0 20218 0 592482 0 0 ERNI DAVIS CFO 0 196464 0 10000 0 2322 0 5902 0 17103 0 231791 0 0 MARGARET LEYES CHIEF CREATIVE OFFICER 0 193768 0 0 0 0 0 10169 0 14550 0 218487 0 0 PART I, LINE 3 THE FUND DOES NOT DIRECTLY HIRE OR COMPENSATE EMPLOYEES. ALL EMPLOYEES ARE EMPLOYEES OF THE LIFE AND HEALTH INSURANCE FOUNDATION FOR EDUCATION(THE FOUNDATION), A RELATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(6). COMPARABLES FOR LOCATION AND TITLES ARE RESEARCHED THROUGH THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT AND THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES. THE FOUNDATION'S PRESIDENT AND CEO SALARY IS REVIEWED BY THE ENTIRE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 4 LIFE HAPPENS AND THE FUND SIGNED A MANAGEMENT SERVICES AGREEMENT WITH NAIFA DURING 2023. UNDER THE TERMS OF THE AGREEMENT, NAIFA WILL PERFORM VARIOUS SERVICES FOR LIFE HAPPENS AND THE FUND, INCLUDING SUPERVISING PROGRAMS, MANAGING FUNDRAISING AND SUPPORTING LIFE HAPPENS AND THE FUND'S BOARD OF DIRECTORS TO IMPLEMENT BOARD DECISIONS, ETC. LIFE HAPPENS AND THE FUND'S BYLAWS WERE AMENDED TO IDENTIFY NAIFA AS THE SOLE VOTING MEMBER OF THOSE ORGANIZATIONS EFFECTIVE SEPTEMBER 26, 2023. FOR FINANCIAL STATEMENT PURPOSES THIS TRANSACTION IS ACCOUNTED FOR AS AN ACQUISITION FORM 990, PART VI, SECTION A, LINE 6 THE FUND'S BYLAWS WERE AMENDED TO IDENTIFY NAIFA AS ITS SOLE MEMBER, EFFECTIVE SEPTEMBER 26, 2023. FORM 990, PART VI, SECTION A, LINE 7A AS THE SOLE MEMBER OF THE FUND, NAIFA HAS THE AUTHORITY TO ELECT THE FUND'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE FOUNDATION'S MEMBERS BY A MAJORITY VOTE OF ITS MEMBERS MAY AMEND THE BYLAWS AT ANY REGULAR OR SPECIAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS FIRST REVIEWED BY THE CEO, COO AND CFO. IT IS THEN SENT TO THE FINANCE COMMITTEE AND THE FULL BOARD OF DIRECTORS PRIOR 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 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 THE FOUNDATION 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 XI, LINE 9: ACQUISITION 2,563,473. FORM 990. PART XII, LINE 2C THE LIFE EDUCATION FUND (THE FUND). SIGNED A MANAGEMENT SERVICES AGREEMENT WITH NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS (NAIFA) DURING 2023. UNDER THE TERMS OF THE AGREEMENT, NAIFA WILL PERFORM VARIOUS SERVICES FOR THE FUND, INCLUDING SUPERVISING PROGRAMS, MANAGING FUNDRAISING AND SUPPORTING THE FUND'S BOARD OF DIRECTORS TO IMPLEMENT BOARD DECISIONS, ETC. THE CONSOLIDATED FINANCIAL STATEMENTS OF THE ASSOCIATION HAVE BEEN PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING AND INCLUDE THE ACCOUNTS OF THE NAIFA; ITS WHOLLY-OWNED SUBSIDIARY, AND ITS AFFILIATES, THE NAIFA FOUNDATION FOR FINANCIAL SECURITY (THE FOUNDATION), NAIFA POLITICAL ACTION COMMITTEE (NAIFAPAC), THE LIFE AND HEALTH INSURANCE FOUNDATION FOR EDUCATION (LIFE HAPPENS) AND LIFE EDUCATION FUND (THE LIFE FUND). LIFE AND HEALTH INSURANCE FOUNDATION FOR EDUCATION 1000 WILSON BLVD 1890 ARLINGTON VA 22209 521904610 MEMBERSHIP DC 501(C)(6) NAIFA 1 NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS 1000 WILSON BLVD 1890 ARLINGTON VA 22209 530232489 MEMBERSHIP DC 501(C)(6) N/A 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 LIFE AND HEALTH INSURANCE FOUNDATION FOR EDUCATION P 60000 COST NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS C 100000 COST