Civic Intelligence

Naifa Illinois

990 • Fiscal year 2020 • EIN 37-0345280

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 19, 2021

Organization Profilewww.NAIFA-IL.com
PO Box 13365Springfield, IL 62791

(217) 529-0126

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.09x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

0.16x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

51st percentile

3.8%

Higher net margin than 51% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

33rd percentile

-6.6%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

22nd percentile

-49%

Faster revenue growth than 22% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$440,501

Down $31,201 (-6.6%) from 2019

Net Assets

Down

$403,018

Down $28,236 (-6.5%) from 2019

Liabilities

Down

$37,483

Down $2,965 (-7.3%) from 2019

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin51st percentile

Revenue

Down

$240,551

Down $233,045 (-49%) from 2019

Expenses

Down

$231,427

Down $23,975 (-9.4%) from 2019

Net Income

Down

$9,124

Down $209,070 (-96%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2016: $295,950Liabilities 2016: $78,641Net Assets 2016: $217,3092016Assets 2017: $236,727Liabilities 2017: $77,006Net Assets 2017: $159,7212017Assets 2018: $261,228Liabilities 2018: $48,168Net Assets 2018: $213,0602018Assets 2019: $471,702Liabilities 2019: $40,448Net Assets 2019: $431,2542019Assets 2020: $440,501Liabilities 2020: $37,483Net Assets 2020: $403,0182020Assets 2021: $459,679Liabilities 2021: $40,367Net Assets 2021: $419,3122021Assets 2022: $482,755Liabilities 2022: $30,927Net Assets 2022: $451,8282022Assets 2023: $479,983Liabilities 2023: $23,613Net Assets 2023: $456,3702023Assets 2024: $498,584Liabilities 2024: $27,875Net Assets 2024: $470,7092024

Highlighted filing

2020

Assets$440,501
Liabilities$37,483
Net Assets$403,018
Open 2020 Filing

Operations Trend

Revenue Growth22nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2016: $352,287Expenses 2016: $393,460Net Income 2016: -$41,1732016Revenue 2017: $277,893Expenses 2017: $335,481Net Income 2017: -$57,5882017Revenue 2018: $282,891Expenses 2018: $229,552Net Income 2018: $53,3392018Revenue 2019: $473,596Expenses 2019: $255,402Net Income 2019: $218,1942019Revenue 2020: $240,551Expenses 2020: $231,427Net Income 2020: $9,1242020Revenue 2021: $221,487Expenses 2021: $205,193Net Income 2021: $16,2942021Revenue 2022: $241,163Expenses 2022: $208,647Net Income 2022: $32,5162022Revenue 2023: $221,825Expenses 2023: $217,283Net Income 2023: $4,5422023Revenue 2024: $236,852Expenses 2024: $222,513Net Income 2024: $14,3392024

Highlighted filing

2020

Revenue$240,551
Expenses$231,427
Net Income$9,124
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 19, 2021
Return Version
2020v4.1
Gross Receipts
$240,551
Mission and Program Overview

Mission

To advocate legislative awareness and involvement, facilitate professional growth, and provide leadership development opportunities to licensed providers of financial products and services.

To give members from insurance and financial advisory professions educational support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$357,522$359,223▲ $1,701
Savings and Temporary Cash Investments$77,356$79,145▲ $1,789
Prepaid Expenses and Deferred Charges$2,443$1,991▼ $452
Accounts Receivable$11,096$142▼ $10,954
Total Assets$448,417$440,501▼ $7,916
Liabilities
Deferred Revenue$35,908$28,364▼ $7,544
Accounts Payable and Accrued Expenses$18,615$9,119▼ $9,496
Total Liabilities$54,523$37,483▼ $17,040
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$393,894$403,018▲ $9,124
Total Net Assets Fund Balance$393,894$403,018▲ $9,124
Total Liabilities and Net Assets / Fund Balance$448,417$440,501▼ $7,916
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Brian HeckertImmediate Past President
Camile TanPresident
Art HayesPresident Elect
Rodney TrottmanAPIC/GR Director
Sara DecatoireExecutive Director
Kevin FrostIFAPAC/GR Director
Eric EssexMembership Director
Trina BrownMembership Director
Leslie WestProf. Development & Program Director
Vicki BishopProf. Development & Program Director
Rodrigo MenendezYAT/At-Large Director
Robert StyrkowiczNational Committeeperson
Tim FoleySecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$225,165
Program Service Revenue
$12,030
Investment Income
$1,957
Other Revenue
$1,399
Change in Net Assets
$9,124
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$231,427
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$144,000
Fees for Services Lobbying---$25,000
Fees for Services Accounting---$12,850
Information Technology---$5,845
Insurance---$4,068
Other Expenses---$3,000
Conferences and Meetings---$2,783
All Other Expenses---$1,007
Office Expenses---$465
Total Functional Expenses$0$0$0$231,427
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$33,502
Current Year Nondeductible Lobbying and Political Cost$25,000
Political Expenditures$25,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“The members of the organization include professionals in the insurance and financial advisory industry.”

Form 990, Part VI, Section A, line 7A

“The nominating committee, comprised of current members, presents nominated candidates to the board. The delegates council then votes on the new members.”

Form 990, Part VI, Section B, line 11B

“The organization provides a copy of the 990 to the board of directors prior to filing.”

Form 990, Part VI, Section B, line 12C

“On an annual basis, each Board member and staff member are required to complete a conflict of interest statement and submit it to the Board of Directors.”

Form 990, Part VI, Section B, line 15A

“The executive committee determines the compensation of the executive director on an annual basis.”

Form 990, Part VI, Section C, line 19

“The association makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
NAIFA Illinois
EIN
37-0345280
Phone
2175290126
Address
PO Box 13365, Springfield, IL 62791

Signing Officer

Name
Sara Decatoire
Title
Executive Director
Phone
2175290126
Signed
2021-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Decatoire
Formed
1946
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Eck Schafer & Punke Llp
Address
227 S Seventh Street, Springfield, IL 62701
Preparer
Brent Leach
Phone
2175251111
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“The Organization follows accounting principles generally accepted in the United States of America which sets a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Tax positions for the open tax years as of December 31, 2020 were reviewed, and it was determined that no provision for uncertain tax positions is required.”

Raw XML Appendix400 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1President Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt2Immediate Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4National Committeeperson
IRS990/Form990PartVIISectionAGrp/TitleTxt5YAT/At-Large Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt7APIC/GR Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt9Membership Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Prof. Development & Program Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Prof. Development & Program Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Executive Director
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization follows accounting principles generally accepted in the United States of America which sets a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Tax positions for the open tax years as of December 31, 2020 were reviewed, and it was determined that no provision for uncertain tax positions is required.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The members of the organization include professionals in the insurance and financial advisory industry.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The nominating committee, comprised of current members, presents nominated candidates to the board. The delegates council then votes on the new members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES A COPY OF THE 990 TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3On an annual basis, each Board member and staff member are required to complete a conflict of interest statement and submit it to the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The executive committee determines the compensation of the executive director on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The association makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NAIFA Illinois
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NAIFA Illinois Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Provide scholarships to colleges
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO Box 13365
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Springfield
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0627913365
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0448417
IRS990/TotalAssetsEOYAmt0440501
IRS990/TotalAssetsGrp/BOYAmt0448417
IRS990/TotalAssetsGrp/EOYAmt0440501
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0225165
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0231427
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt054523
IRS990/TotalLiabilitiesEOYAmt037483
IRS990/TotalLiabilitiesGrp/BOYAmt054523
IRS990/TotalLiabilitiesGrp/EOYAmt037483
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0393894
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0403018
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0182740
IRS990/TotalProgramServiceRevenueAmt012030
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01957
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013429
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0240551
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0448417
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0440501
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 13365
IRS990/USAddress/CityNm0Springfield
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd062791
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0www.NAIFA-IL.com
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Sara Decatoire
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum02175290126
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NAIFA Illinois
ReturnHeader/Filer/BusinessNameControlTxt0NAIF
ReturnHeader/Filer/EIN0370345280
ReturnHeader/Filer/PhoneNum02175290126
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 13365
ReturnHeader/Filer/USAddress/CityNm0Springfield
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd062791
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371335003
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ECK SCHAFER & PUNKE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0227 S Seventh Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Springfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd062701
ReturnHeader/PreparerPersonGrp/PhoneNum02175251111
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Brent Leach
ReturnHeader/ReturnTs02021-10-19T13:31:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Sara
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Decatoire
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$440,501
Liabilities
$37,483
Net assets
$403,018
Revenue
$240,551
Expenses
$231,427
Net income
$9,124
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.99$0.28$4.71$2.37$2.23$0.14
2023Detailed filing. Detailed filing data is available for this year.$4.80$0.24$4.56$2.22$2.17$0.05
2022Detailed filing. Detailed filing data is available for this year.$4.83$0.31$4.52$2.41$2.09$0.33
2021Detailed filing. Detailed filing data is available for this year.$4.60$0.40$4.19$2.21$2.05$0.16
2020Detailed filing. Detailed filing data is available for this year.$4.41$0.37$4.03$2.41$2.31$0.09
2019Detailed filing. Detailed filing data is available for this year.$4.72$0.40$4.31$4.74$2.55$2.18
2018Detailed filing. Detailed filing data is available for this year.$2.61$0.48$2.13$2.83$2.30$0.53
2017Detailed filing. Detailed filing data is available for this year.$2.37$0.77$1.60$2.78$3.35$0.58
2016Detailed filing. Detailed filing data is available for this year.$2.96$0.79$2.17$3.52$3.93$0.41