Civic Intelligence

Life Insurance Settlement Association Inc

990 • Fiscal year 2019 • EIN 52-1912672

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

1800 M Street NWWashington, DC 20036

(202) 580-6188

Siviq Scores

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

Liabilities / Assets

100th percentile

3.05x

Higher debt load relative to assets than 100% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.24x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

8th percentile

-14%

Higher net margin than 8% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

2nd percentile

-33%

Faster asset growth than 2% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

40th percentile

0.9%

Faster revenue growth than 40% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$101,604

Down $50,197 (-33%) from 2018

Net Assets

Down

-$208,165

Down $179,331 (-622%) from 2018

Liabilities

Up

$309,769

Up $129,134 (+71%) from 2018

Revenue

Up

$1,298,110

Up $11,192 (+0.9%) from 2018

Expenses

Up

$1,477,441

Up $136,397 (+10%) from 2018

Net Income

Down

-$179,331

Down $125,205 (-231%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $271,511Liabilities 2010: $361,976Net Assets 2010: -$90,4652010Assets 2011: $104,586Liabilities 2011: $135,693Net Assets 2011: -$31,1072011Assets 2012: $94,666Liabilities 2012: $69,573Net Assets 2012: $25,0932012Assets 2013: $108,847Liabilities 2013: $76,520Net Assets 2013: $32,3272013Assets 2014: $70,213Liabilities 2014: $112,541Net Assets 2014: -$42,3282014Assets 2015: $167,020Liabilities 2015: $104,382Net Assets 2015: $62,6382015Assets 2016: $297,532Liabilities 2016: $218,179Net Assets 2016: $79,3532016Assets 2017: $209,992Liabilities 2017: $184,700Net Assets 2017: $25,2922017Assets 2018: $151,801Liabilities 2018: $180,635Net Assets 2018: -$28,8342018Assets 2019: $101,604Liabilities 2019: $309,769Net Assets 2019: -$208,1652019Assets 2020: $160,994Liabilities 2020: $384,698Net Assets 2020: -$223,7042020Assets 2021: $298,199Liabilities 2021: $586,894Net Assets 2021: -$288,6952021Assets 2022: $171,658Liabilities 2022: $170,061Net Assets 2022: $1,5972022Assets 2023: $468,749Liabilities 2023: $476,534Net Assets 2023: -$7,7852023Assets 2024: $584,854Liabilities 2024: $259,170Net Assets 2024: $325,6842024

Highlighted filing

2019

Assets$101,604
Liabilities$309,769
Net Assets-$208,165

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,970,2792010Expenses 2011: $1,145,1042011Expenses 2012: $1,022,7982012Revenue 2013: $947,393Expenses 2013: $940,159Net Income 2013: $7,2342013Revenue 2014: $1,019,919Expenses 2014: $1,094,574Net Income 2014: -$74,6552014Revenue 2015: $1,189,655Expenses 2015: $1,084,689Net Income 2015: $104,9662015Revenue 2016: $1,273,220Expenses 2016: $1,256,505Net Income 2016: $16,7152016Revenue 2017: $1,333,993Expenses 2017: $1,388,054Net Income 2017: -$54,0612017Revenue 2018: $1,286,918Expenses 2018: $1,341,044Net Income 2018: -$54,1262018Revenue 2019: $1,298,110Expenses 2019: $1,477,441Net Income 2019: -$179,3312019Revenue 2020: $1,188,908Expenses 2020: $1,204,448Net Income 2020: -$15,5402020Revenue 2021: $1,189,367Expenses 2021: $1,254,358Net Income 2021: -$64,9912021Revenue 2022: $1,207,345Expenses 2022: $917,053Net Income 2022: $290,2922022Revenue 2023: $1,058,637Expenses 2023: $1,068,019Net Income 2023: -$9,3822023Revenue 2024: $1,243,447Expenses 2024: $909,978Net Income 2024: $333,4692024

Highlighted filing

2019

Revenue$1,298,110
Expenses$1,477,441
Net Income-$179,331
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.0
Gross Receipts
$1,298,110
Mission and Program Overview

Mission

To advance the highest standards of practice and professional development for the industry, and to educate consumers and advisors about a life settlement as an alternative to lapse or surrender of a life insurance policy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$78,966$43,778▼ $35,188
Accounts Receivable$20,005$35,925▲ $15,920
Prepaid Expenses and Deferred Charges$26,055$21,884▼ $4,171
Land, Buildings, and Equipment, Net$1,024$0▼ $1,024
Savings and Temporary Cash Investments$22,501$17▼ $22,484
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$151,801$101,604▼ $50,197
Other Assets Total$3,250$0▼ $3,250
Liabilities
Accounts Payable and Accrued Expenses$30,277$260,917▲ $230,640
Deferred Revenue$150,358$48,852▼ $101,506
Total Liabilities$180,635$309,769▲ $129,134
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-28,834$-208,165▼ $179,331
Total Net Assets Fund Balance$-28,834$-208,165▼ $179,331
Total Liabilities and Net Assets / Fund Balance$151,801$101,604▼ $50,197
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chris ConwayChair
Steven ShapiroVice Chair
Alan BuergerDirector
John DallasDirector
John McFarlandDirector
John WelcomDirector
Rob HaynieDirector
Stephen KirkwoodDirector
Bryan NicholsonExecutive Director
Brian T CaseySecretary/Treas

Highest Paid Contractors

ContractorServicesLocationCompensation
Assoc Management StrategiesManagement1800 M ST NW STE 400S, Wash, DC 20036$328,000
Katten Muchin Rosenman LLPLegal525 W Monroe Street, Chicago, IL 60661$117,249
Darwin BaystonConsulting31 Shorewood Drive, Tavares, FL 32778$107,500
Revenue and Support

Revenue Composition

Contributions and Grants
$55,500
Program Service Revenue
$1,241,839
Investment Income
$35
Other Revenue
$736
All Other Contributions
$55,500
Change in Net Assets
$-179,331

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,298,110
Total Revenue per Audited Statements
$1,298,110
Total Revenue per Form 990
$1,298,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,328,081
Salaries, Compensation, and Employee Benefits$149,360
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$602,085
Fees for Services Management---$317,250
Other Salaries and Wages---$149,360
Conferences and Meetings---$136,922
All Other Expenses---$76,234
Travel---$30,376
Fees for Services Legal---$20,247
Other Expenses---$17,549
Occupancy---$10,700
Insurance---$5,868
Fees for Services Accounting---$5,250
Office Expenses---$2,535
Depreciation Depletion---$642
Total Functional Expenses$0$0$0$1,477,441

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,477,441
Total Expenses per Audited Statements$1,477,441
Total Expenses per Form 990$1,477,441
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$120,000
Total Nondeductible Lobbying and Political Cost$78,510
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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, Line 8: Explanation of No Contemporaneously Documentation of Meetings

Minutes are not kept for subcommittee meetings.

Form 990, Part VI, Line 11B: Form 990 Review Process

The treasurer reviews and approves the form 990

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Directors/officers are required to self-report any conflict of interest. If such a conflict is revealed, then the board of directors is required to follow the enumerated actions.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The executive director is employed by the management company. The board of directors approves the management fee.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization's governing documents and financial statements are available upon request to the treasurer.

Filing and Contact Details

Filer

Filer Name
Life Insurance Settlement
EIN
52-1912672
Phone
2025806188
Address
1800 M Street NW, WASHINGTON, DC 20036

Signing Officer

Name
Bryan Nicholson
Title
Executive Director
Signed
2020-11-11
Discuss with paid preparer
Yes

Organization Details

Formed
1994
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
9

Preparer

Firm
Barnes Givens & Barnes
Address
200 E Evergreen Ave STE 117, Mount Prospect, IL 60056
Preparer
William J Barnes
Phone
2247642442
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The association has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.

Raw XML AppendixShowing 400 of 462 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt030277
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0260917
IRS990/AccountsReceivableGrp/BOYAmt020005
IRS990/AccountsReceivableGrp/EOYAmt035925
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO ADVANCE THE HIGHEST STANDARDS OF PRACTICE AND PROFESSIONAL DEVELOPMENT FOR THE INDUSTRY, AND TO EDUCATE CONSUMERS AND ADVISORS ABOUT A LIFE SETTLEMENT AS AN ALTERNATIVE TO LAPSE OR SURRENDER OF A LIFE INSURANCE POLICY.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt055500
IRS990/AllOtherExpensesGrp/TotalAmt076234
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum02025806188
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01800 M Street NW STE 400S
IRS990/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0200365878
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt078966
IRS990/CashNonInterestBearingGrp/EOYAmt043778
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt0136922
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0328000
IRS990/ContractorCompensationGrp/CompensationAmt1107500
IRS990/ContractorCompensationGrp/CompensationAmt2117249
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01800 M ST NW STE 400S
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt131 Shorewood Drive
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2525 W Monroe Street
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0WASH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Tavares
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0DC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd020036
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd132778
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd260661
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ASSOC MANAGEMENT STRATEGIES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Darwin Bayston
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2Katten Muchin Rosenman LLP
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT
IRS990/ContractorCompensationGrp/ServicesDesc1CONSULTING
IRS990/ContractorCompensationGrp/ServicesDesc2LEGAL
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt055500
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt035
IRS990/CYOtherExpensesAmt01328081
IRS990/CYOtherRevenueAmt0736
IRS990/CYProgramServiceRevenueAmt01241839
IRS990/CYRevenuesLessExpensesAmt0-179331
IRS990/CYSalariesCompEmpBnftPaidAmt0149360
IRS990/CYTotalExpensesAmt01477441
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01298110
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0150358
IRS990/DeferredRevenueGrp/EOYAmt048852
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0642
IRS990/Desc0MEETINGS, LEGISLATIVE UPDATES, AND PUBLICATIONS TO KEEP MEMBERS EDUCATED AND INFORMED WITH REGARD TO NEW LAWS AND REGULATIONS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt05250
IRS990/FeesForServicesLegalGrp/TotalAmt020247
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt0317250
IRS990/FeesForServicesOtherGrp/TotalAmt0602085
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt73.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt83.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt950.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0Chris Conway
IRS990/Form990PartVIISectionAGrp/PersonNm1Steven Shapiro
IRS990/Form990PartVIISectionAGrp/PersonNm2Brian T Casey
IRS990/Form990PartVIISectionAGrp/PersonNm3Alan Buerger
IRS990/Form990PartVIISectionAGrp/PersonNm4John Dallas
IRS990/Form990PartVIISectionAGrp/PersonNm5Rob Haynie
IRS990/Form990PartVIISectionAGrp/PersonNm6Stephen Kirkwood
IRS990/Form990PartVIISectionAGrp/PersonNm7John McFarland
IRS990/Form990PartVIISectionAGrp/PersonNm8John Welcom
IRS990/Form990PartVIISectionAGrp/PersonNm9Bryan Nicholson
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/Treas
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Executive Dir.
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01298110
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt05868
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt035
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt035
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01024
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO ADVANCE THE HIGHEST STANDARDS OF PRACTICE AND PROFESSIONAL DEVELOPMENT FOR THE INDUSTRY, AND TO EDUCATE CONSUMERS AND ADVISORS ABOUT A LIFE SETTLEMENT AS AN ALTERNATIVE TO LAPSE OR SURRENDER OF A LIFE INSURANCE POLICY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-28834
IRS990/NetAssetsOrFundBalancesEOYAmt0-208165
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-28834
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-208165
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt010700
IRS990/OfficeExpensesGrp/TotalAmt02535
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03250
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Communications
IRS990/OtherExpensesGrp/Desc1TRANSITION EXPENSES
IRS990/OtherExpensesGrp/Desc2Information resources
IRS990/OtherExpensesGrp/Desc3Bank Charges
IRS990/OtherExpensesGrp/TotalAmt040641
IRS990/OtherExpensesGrp/TotalAmt133361
IRS990/OtherExpensesGrp/TotalAmt228421
IRS990/OtherExpensesGrp/TotalAmt317549
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0736
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0736
IRS990/OtherRevenueTotalAmt0736
IRS990/OtherSalariesAndWagesGrp/TotalAmt0149360
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026055
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021884
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0EDUCATIONAL EVENTS
IRS990/ProgramServiceRevenueGrp/Desc1Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/ExclusionAmt01019265
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0222574
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0222574
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11019265
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0588674
IRS990/PYInvestmentIncomeAmt018
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0903643
IRS990/PYOtherRevenueAmt094644
IRS990/PYProgramServiceRevenueAmt0603582
IRS990/PYRevenuesLessExpensesAmt0-54126
IRS990/PYSalariesCompEmpBnftPaidAmt0437401
IRS990/PYTotalExpensesAmt01341044
IRS990/PYTotalRevenueAmt01286918
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-179331
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt022501
IRS990/SavingsAndTempCashInvstGrp/EOYAmt017
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleC/AggregateReportedDuesNtcAmt0254816
IRS990ScheduleC/AgreeCarryoverPriorYearInd0true
IRS990ScheduleC/CarriedOverAmt0-176306
IRS990ScheduleC/DuesAssessmentsAmt01019265
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/NonDedLbbyngPltclCyovAmt0-41490
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt0120000
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt078510
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/ExpensesSubtotalAmt01477441
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt01298110
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt01477441
IRS990ScheduleD/TotalRevenuePerForm990Amt01298110
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01298110
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01477441
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MINUTES ARE NOT KEPT FOR SUBCOMMITTEE MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER REVIEWS AND APPROVES THE FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS/OFFICERS ARE REQUIRED TO SELF-REPORT ANY CONFLICT OF INTEREST. IF SUCH A CONFLICT IS REVEALED, THEN THE BOARD OF DIRECTORS IS REQUIRED TO FOLLOW THE ENUMERATED ACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR IS EMPLOYED BY THE MANAGEMENT COMPANY. THE BOARD OF DIRECTORS APPROVES THE MANAGEMENT FEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0LIFE INSURANCE SETTLEMENT ASSOC INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1LIFE INSURANCE SETTLEMENT ASSOC INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LISAPAC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1LISAPAC NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0208336641
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1263871633
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0527
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1527
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LIFE SETTLEMENTS POLITICAL ACTION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1LIFE SETTLEMENTS POLITICAL ACTION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0280 W Canton Ave
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt12 EVERGREEN ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WINTER PARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1SEVERNA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd032789
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd121145
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0151801
IRS990/TotalAssetsEOYAmt0101604

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.58$0.26$0.33$1.24$0.91$0.33
2023Detailed filing. Detailed filing data is available for this year.$0.47$0.48$0.01$1.06$1.07$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.17$0.17$0.00$1.21$0.92$0.29
2021Detailed filing. Detailed filing data is available for this year.$0.30$0.59$0.29$1.19$1.25$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.16$0.38$0.22$1.19$1.20$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.31$0.21$1.30$1.48$0.18
2018Summary only. Only limited summary data is available for this year.$0.15$0.18$0.03$1.29$1.34$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.21$0.18$0.03$1.33$1.39$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.30$0.22$0.08$1.27$1.26$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.17$0.10$0.06$1.19$1.08$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.07$0.11$0.04$1.02$1.09$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.11$0.08$0.03$0.95$0.94$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.07$0.03$1.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.14$0.03$1.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.36$0.09$1.97