Civic Intelligence

Life Settlement Institute

EIN 36-4487910 • 501(c)6 • Alexandria, VA

Profile

The Life Settlement Institute is a not-for-profit corporation dedicated to: Increasing awareness and knowledge of the life settlement industry on the part of financial planning professionals and advisors. Educating life insurance policy holders of the option of obtaining more value for their policy than otherwise would be available from the issuing life insurance carrier. Promoting the use of institutional financing in the life settlement industry. Supporting laws and regulations that foster the use of institutional financing thus preventing fraudulent or dishonest life settlement transactions.

600 Cameron StreetAlexandria, VA 22314

www.lifesettlementinstitute.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2017

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2017

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

8th percentile

-100%

Faster asset growth than 8% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $26,244 (-100%) from 2016

Liabilities

Flat

$0

Flat from 2016

Net Assets

Down

$0

Down $26,244 (-100%) from 2016

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2016

Expenses

Up

$9,136

Up $4,998 (+121%) from 2016

Net Income

Down

-$9,136

Down $4,998 (-121%) from 2016

Trend Graphs

Balance Sheet Trend

Asset Growth8th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2010: $132,199Liabilities 2010: $0Net Assets 2010: $132,1992010Assets 2011: $114,305Liabilities 2011: $0Net Assets 2011: $114,3052011Assets 2012: $62,229Liabilities 2012: $0Net Assets 2012: $62,2292012Assets 2013: $40,839Liabilities 2013: $0Net Assets 2013: $40,8392013Assets 2014: $34,489Liabilities 2014: $0Net Assets 2014: $34,4892014Assets 2015: $30,382Liabilities 2015: $0Net Assets 2015: $30,3822015Assets 2016: $26,244Liabilities 2016: $0Net Assets 2016: $26,2442016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KExpenses 2010: $195,1972010Expenses 2011: $51,8942011Revenue 2012: $0Expenses 2012: $52,076Net Income 2012: -$52,0762012Revenue 2013: $0Expenses 2013: $21,390Net Income 2013: -$21,3902013Revenue 2014: $0Expenses 2014: $6,350Net Income 2014: -$6,3502014Revenue 2015: $0Expenses 2015: $4,107Net Income 2015: -$4,1072015Revenue 2016: $0Expenses 2016: $4,138Net Income 2016: -$4,1382016Revenue 2017: $0Expenses 2017: $9,136Net Income 2017: -$9,1362017

Highlighted filing

2017

Revenue$0
Expenses$9,136
Net Income-$9,136
Open 2017 Filing

Filings

Most recent year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$0
Expenses
$9,136
Net income
-$9,136
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.09$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.00$0.04$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.00$0.04$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.00$0.06$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.00$0.21$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.00$0.62$0.00$0.52$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.00$1.14$0.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.00$1.32$1.95
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 9, 2018
Return Version
2017v2.2
Gross Receipts
$0
Mission and Program Overview

Mission

The Life Settlement Institute is a not-for-profit corporation dedicated to: Increasing awareness and knowledge of the life settlement industry on the part of financial planning professionals and advisors. Educating life insurance policy holders of the option of obtaining more value for their policy than otherwise would be available from the issuing life insurance carrier. Promoting the use of institutional financing in the life settlement industry. Supporting laws and regulations that foster the use of institutional financing thus preventing fraudulent or dishonest life settlement transactions.

Program Services

DescriptionGrantsExpenses
To promote the benefits of life settlement in the United States by creating, disseminating and organizing research and information on the life settlement industry. To educate and promote the life settlement industry to both state and federal legislature and to advocate the enactment of legislation and policies favorable to the life settlement industry.$0$0
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bob ColacarroSecretary-$0--
Elizabeth DayTreasurer-$0--
Nate EvansDirector-$0--
Political and Lobbying Activity
In-house lobbying only
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$48,881
Filing and Contact Details

Filer

Filer Name
Life Settlement Institute
EIN
36-4487910
Phone
3019512123
Address
600 Cameron Street, Alexandria, VA 22314

Signing Officer

Name
Elizabeth Day
Title
Treasurer
Phone
3019512123
Signed
2018-05-09
Discuss with paid preparer
Yes

Preparer

Firm
Hertzbach & Company PA
Address
1530 Wilson Blvd 700, Arlington, VA 22209
Preparer
Megan Sullivan
Phone
7033516600
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: Dues to other organizations. Amount: 1,500. Description: Bank Fees. Amount: 30. Description: Distribution of Assets to LISA. Amount: 2,865. Total to Form 990-EZ, line 16: 4,395.”

Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets

“Description: Proxy Tax Paid (35% * $48,881). Amount: -17,108.”

Raw XML Appendix141 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt0-17108
IRS990EZ/OtherExpensesTotalAmt04395
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0The Life Settlement Institute is a not-for-profit corporation dedicated to: Increasing awareness and knowledge of the life settlement industry on the part of financial planning professionals and advisors. Educating life insurance policy holders of the option of obtaining more value for their policy than otherwise would be available from the issuing life insurance carrier. Promoting the use of institutional financing in the life settlement industry. Supporting laws and regulations that foster the use of institutional financing thus preventing fraudulent or dishonest life settlement transactions.
IRS990EZ/PrintingPublicationsPostageAmt014
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0To promote the benefits of life settlement in the United States by creating, disseminating and organizing research and information on the life settlement industry. To educate and promote the life settlement industry to both state and federal legislature and to advocate the enactment of legislation and policies favorable to the life settlement industry.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt09136
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.LifeSettlementInstitute.org
IRS990ScheduleC/AggregateReportedDuesNtcAmt00
IRS990ScheduleC/AgreeCarryoverPriorYearInd01
IRS990ScheduleC/CarriedOverAmt00
IRS990ScheduleC/NonDedLbbyngPltclCyovAmt048881
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt048881
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0Proxy tax: 35% * $48,881 = $17,108
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Page 1, Line 20
IRS990ScheduleC/TaxableAmt048881
IRS990ScheduleN/AssetsDistributedInd00
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IRS990ScheduleN/BondsOutstandingInd00
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IRS990ScheduleN/EmployeeOfSuccessorInd00
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Life Insurance Settlement Association
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02018-02-20
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0521912672
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt02865
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(c)(6)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Actual cost
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0225 S Eola Drive
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Orlando
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0FL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd032801
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Dues to other organizations. Amount: 1,500. Description: Bank Fees. Amount: 30. Description: Distribution of Assets to LISA. Amount: 2,865. Total to Form 990-EZ, line 16: 4,395.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Proxy Tax Paid (35% * $48,881). Amount: -17,108.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03019512123
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ReturnHeader/Filer/EIN0364487910
ReturnHeader/Filer/PhoneNum03019512123
ReturnHeader/Filer/USAddress/AddressLine1Txt0600 Cameron Street
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ReturnHeader/FilingSecurityInformation/IPDt02018-05-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm011:37:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521158459
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Hertzbach & Company PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01530 Wilson Blvd 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Arlington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
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ReturnHeader/PreparerPersonGrp/PhoneNum07033516600
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Megan Sullivan
ReturnHeader/ReturnTs02018-05-11T09:30:08-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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