Civic Intelligence

Naifa Illinois

990 • Fiscal year 2021 • EIN 37-0345280

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 07, 2022

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.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

78th percentile

0.18x

Higher debt load relative to revenue than 78% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

48th percentile

7.4%

Higher net margin than 48% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

45th percentile

4.4%

Faster asset growth than 45% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

36th percentile

-7.9%

Faster revenue growth than 36% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$459,679

Up $19,178 (+4.4%) from 2020

Net Assets

Up

$419,312

Up $16,294 (+4.0%) from 2020

Liabilities

Up

$40,367

Up $2,884 (+7.7%) from 2020

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin48th percentile

Revenue

Down

$221,487

Down $19,064 (-7.9%) from 2020

Expenses

Down

$205,193

Down $26,234 (-11%) from 2020

Net Income

Up

$16,294

Up $7,170 (+79%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth45th 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

2021

Assets$459,679
Liabilities$40,367
Net Assets$419,312
Open 2021 Filing

Operations Trend

Revenue Growth36th 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

2021

Revenue$221,487
Expenses$205,193
Net Income$16,294
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 7, 2022
Return Version
2021v4.2
Gross Receipts
$221,487
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$359,223$377,151▲ $17,928
Savings and Temporary Cash Investments$79,145$80,457▲ $1,312
Prepaid Expenses and Deferred Charges$1,991$1,898▼ $93
Accounts Receivable$142$173▲ $31
Total Assets$440,501$459,679▲ $19,178
Liabilities
Deferred Revenue$28,364$32,876▲ $4,512
Accounts Payable and Accrued Expenses$9,119$7,491▼ $1,628
Total Liabilities$37,483$40,367▲ $2,884
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$403,018$419,312▲ $16,294
Total Net Assets Fund Balance$403,018$419,312▲ $16,294
Total Liabilities and Net Assets / Fund Balance$440,501$459,679▲ $19,178
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Camille TanImmediate Past President
Art HayesPresident
Tim FoleyPresident Elect
Greg KampAPIC/GR Director
Kevin FrostAt-Large Director/Strategy
Sara DecatoireExecutive Director
Rodrigo MenendezIFAPAC/ GR Director
Eric EssexMembership/Marketing Director
Trina BrownMembership/Marketing Director
Carl ZeidlerNational Committeeperson
David KikoenProfessional Dev. & Programs Diretor
Kyler SpencerProfessional Dev. & Programs Diretor
Dennis DeanSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$200,221
Program Service Revenue
$17,495
Investment Income
$2,277
Other Revenue
$1,494
Change in Net Assets
$16,294
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$205,193
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---$129,317
Fees for Services Lobbying---$25,000
Fees for Services Accounting---$12,000
Conferences and Meetings---$8,046
Insurance---$3,506
Information Technology---$3,488
All Other Expenses---$838
Office Expenses---$588
Other Expenses---$336
Total Functional Expenses$0$0$0$205,193
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
Current Year Nondeductible Lobbying and Political Cost$25,000
Political Expenditures$25,000
Total Nondeductible Lobbying and Political Cost$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
Yes
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 15

“The executive committee determines the compensation of the management company 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
2022-09-07
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, 2021 were reviewed, and it was determined that no provision for uncertain tax positions is required.”

Raw XML Appendix399 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/TitleTxt2Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Immediate Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt4National Committeeperson
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IRS990/Form990PartVIISectionAGrp/TitleTxt6IFAPAC/ GR Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt9Membership/Marketing Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Professional Dev. & Programs Diretor
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, 2021 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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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 management company 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 15
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/TotalAssetsBOYAmt0440501
IRS990/TotalAssetsEOYAmt0459679
IRS990/TotalAssetsGrp/BOYAmt0440501
IRS990/TotalAssetsGrp/EOYAmt0459679
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0200221
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0205193
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt037483
IRS990/TotalLiabilitiesEOYAmt040367
IRS990/TotalLiabilitiesGrp/BOYAmt037483
IRS990/TotalLiabilitiesGrp/EOYAmt040367
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0403018
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0419312
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0166497
IRS990/TotalProgramServiceRevenueAmt017495
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02277
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018989
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0221487
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0440501
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0459679
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/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Sara Decatoire
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum02175290126
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-07
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/PreparationDt02022-09-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Brent Leach
ReturnHeader/ReturnTs02022-09-26T09:18:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Sara
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Decatoire
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$459,679
Liabilities
$40,367
Net assets
$419,312
Revenue
$221,487
Expenses
$205,193
Net income
$16,294
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