2024-11-14T14:37:12-06:00 2023-12-31 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2023-01-01 521904610 LIFE AND HEALTH INSURANCE FOUNDATION FOR EDUCATION LIFE 7037708100 1000 WILSON BOULEVARD 1890 ARLINGTON VA 22209 ERNI DAVIS CPA, CFO 7037708100 2024-11-14 1 1 FOX AARON P00639053 2022274000 2024-11-12 2023 2024-10-15 13:58:12Z LIFE HAPPENS KEVIN M MAYEUX 1000 WILSON BOULEVARD 1890 ARLINGTON VA 22209 564406 0 X WWW.LIFEHAPPENS.ORG X 1994 DC TO EDUCATE THE PUBLIC ABOUT INSURANCE PRODUCTS AND THE VALUE OF SEEKING PROFESSIONAL ADVICE. 6 6 12 5 0 0 1802098 403333 456330 161073 -3988 0 1284 0 2255724 564406 0 0 0 0 1778301 382156 0 0 0 1911949 304637 3690250 686793 -1434526 -122387 2862476 339380 860283 1244896 2002193 -905516 X 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. SINCE ITS INCEPTION IN 1994, LIFE HAPPENS HAS PROVIDED THE HIGHEST QUALITY, INDEPENDENT AND OBJECTIVE INFORMATION FOR PEOPLE SEEKING HELP WITH THEIR INSURANCE BUYING DECISIONS. THE ORGANIZATION IS ON THE LEADING EDGE OF TECHNOLOGY INNOVATION TO SUPPORT THE INSURANCE INDUSTRY BY PROVIDING MARKETING AND SOCIAL-MEDIA TOOLS AND RESOURCES THROUGH ITS PROPRIETARY LIFE HAPPENS PRO DIGITAL PLATFORM. IN ADDITION, IT CONVENES THE INDUSTRY EACH SEPTEMBER FOR LIFE INSURANCE AWARENESS MONTH, WHICH IT CREATED IN 2004. LIFE HAPPENS IS SUPPORTED BY MORE THAN 140 OF THE NATION'S LEADING INSURANCE COMPANY AND FINANCIAL SERVICES ORGANIZATIONS. TO LEARN MORE, VISIT WWW.LIFEHAPPENS.ORG. 0 0 MEDIA AND PUBLIC RELATIONS - THE FOUNDATION AND ITS MEDIA RELATIONS TEAM WORKED ON KEEPING THE PUBLIC INFORMED ON THE VALUE OF INSURANCE. ITS USAGE OF AWARENESS MONTHS AND SPOKES PEOPLE HAVE GREATLY INCREASED THE COVERAGE OF THE FOUNDATION'S PROGRAMS AND EDUCATIONAL PIECES RECEIVE. THE FOUNDATION'S ADVERTISING OUTREACH IS AN EFFORT TO EDUCATE CONSUMERS AND ENERGIZE THE FIELD. WE ADVERTISE ON CONSUMER WEBSITES WITH DIGITAL ADVERTISEMENTS FEATURING STORIES FROM THE AWARENESS MONTH CAMPAIGN, REAL LIFE STORIES OR LIFE LESSONS PROGRAMS. THESE ADS APPEARED ON THE FOLLOWING WEBSITES: HULU, YOUTUBE, AOL, AND MANY OTHER ONLINE SITES AND SOCIAL MEDIA PLATFORMS. DIGITAL PLATFORM - THE FOUNDATION'S NEWLY LAUNCHED PLATFORM WHICH PROVIDES ALL THE FOUNDATION'S RESOURCES IN A DIGITAL FORMAT TO BE USED BY INSURANCE COMPANIES AND AGENTS IN EDUCATING CONSUMERS ABOUT LIFE INSURANCE AND ITS RELATED PRODUCTS. 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 9 0 1 12 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 6 6 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 0 0 X ERNI DAVIS 7037708100 1000 WILSON BOULEVARD 1890 ARLINGTON VA 22209 BARB PIETRANGELO VICE CHAIR 2.50 1.00 X 0 0 0 MARK HANNA CLU CHFC AIF DIRECTOR 2.50 1.00 X 0 0 0 MICHAEL WEINTRAUB TREASURER 2.50 1.00 X 0 0 0 R JAN PINNEY DIRECTOR 2.50 1.00 X 0 0 0 PAUL DOUGHERTY TRUSTEE 2.50 X 0 0 0 LARRY HOLZBERG TRUSTEE 3.00 0.00 X 0 1065 0 MARGARET LEYES CHIEF CREATIVE OFFICER 35.00 10.00 X 193768 0 24719 ERNI DAVIS CFO 10.00 35.00 X 0 208786 23005 KEVIN M MAYEUX CEO 10.00 35.00 X 0 562364 30118 BRIAN STEINER EXECUTIVE DIRECTOR 10.00 35.00 X 0 0 0 JOSHUA DUNHAM CHIEF RELATIONSHIP OFFICER 40.00 X 221308 0 0 RICHARD PRATTE HEAD OF PRODUCT 40.00 X 140591 0 0 JEREMY VAUGHT DIRECTOR OF ENGINEERING 40.00 X 119306 0 0 674973 772215 77842 4 0 1 0 KWT GLOBAL ONE WORLD TRADE CENTER 69TH FLOOR NEW YORK CITY NY 10007 MEDIA RELATIONS 152053 AMS 1800 M ST NW STE 4005 WASHINGTON DC 20036 MANAGEMENT FEES 148051 2 403333 403333 SERVICE FEES 900099 161073 161073 161073 564406 161073 0 0 214865 141215 5779 20297 130598 4813 5200 68343 30819 143 24349 2282 5440 18409 1177 BANK FEES 13041 TAXES 23 686793 185480 38919 137210 58875 17879 11028 136021 0 186466 2429978 2862476 339380 502693 974211 107590 20685 250000 250000 860283 1244896 X 1961770 -905516 40423 0 2002193 -905516 2862476 339380 X -122387 -2785322 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: LIFE HAPPENS EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 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 X X X X X 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 JOSHUA DUNHAM CHIEF RELATIONSHIP OFFICER 121308 0 85000 0 15000 0 0 0 0 0 221308 0 0 0 MARGARET LEYES CHIEF CREATIVE OFFICER 193768 0 0 0 0 0 10169 0 14550 0 218487 0 0 0 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 FOUNDATION'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 FOUNDATION, NAIFA HAS THE AUTHORITY TO ELECT THE FOUNDATION'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 SPRINGBOARD MEETING. AS FOR EMPLOYEES, THE POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK. THE CONFLICT-OF-INTEREST DISCLOSURE IS MONITORED ON AN ANNUAL BASIS. THE 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 B, LINE 15A COMPARABLE FOR LOCATION AND TITLES ARE RESEARCHED THROUGH THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT AND AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES. IT IS THEN REVIEWED BY THE PRESIDENT/CEO. LASTLY, THE FINAL SALARY RANGES ARE SENT TO THE TREASURER. THE PRESIDENT/CEO'S SALARY IS REVIEWED BY THE ENTIRE EXECUTIVE COMMITTEE. THE LAST COMPENSATION REVIEW WAS PERFORMED IN 2019. 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 -2,785,322. FORM 990, PART XII, LINE 2C: 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. THE LIFE FUND 1000 WILSON BLVD SUITE 1890 ARLINGTON VA 22209 522316124 EDUCATIONAL DC 501(C)(3) LINE 12A, I NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS 1 NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS 1000 WILSON BLVD SUITE 1890 ARLINGTON VA 22209 530232489 MEMBERSHIP DC 501(C)(6) N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 THE LIFE FUND Q 60000 COST