Civic Intelligence

Life Fund Inc.

990EZ • Fiscal year 2015 • EIN 52-2316124

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 01, 2016

Organization ProfileWWW.LIFEHAPPENS.ORG
1655 North Fort Myer Drive No 610Arlington, VA 22209

(202) 464-5000

Siviq Scores

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

Liabilities / Assets

99th percentile

7.22x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

12.40x

Higher debt load relative to revenue than 99% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

3rd percentile

-188%

Higher net margin than 3% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

13th percentile

-36%

Faster asset growth than 13% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

20th percentile

-25%

Faster revenue growth than 20% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$321,617

Down $181,797 (-36%) from 2014

Net Assets

Down

-$2,001,930

Down $353,039 (-21%) from 2014

Liabilities

Up

$2,323,547

Up $171,242 (+8.0%) from 2014

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin3rd percentile

Revenue

Down

$187,380

Down $61,828 (-25%) from 2014

Expenses

Down

$540,419

Down $82,739 (-13%) from 2014

Net Income

Up

-$353,039

Up $20,911 (+5.6%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $251,209Liabilities 2011: $1,026,274Net Assets 2011: -$775,0652011Assets 2012: $234,324Liabilities 2012: $1,442,309Net Assets 2012: -$1,207,9852012Assets 2013: $377,909Liabilities 2013: $1,652,850Net Assets 2013: -$1,274,9412013Assets 2014: $503,414Liabilities 2014: $2,152,305Net Assets 2014: -$1,648,8912014Assets 2015: $321,617Liabilities 2015: $2,323,547Net Assets 2015: -$2,001,9302015Assets 2016: $210,604Liabilities 2016: $2,447,174Net Assets 2016: -$2,236,5702016Assets 2017: $198,240Liabilities 2017: $2,478,717Net Assets 2017: -$2,280,4772017Assets 2018: $48,949Liabilities 2018: $2,509,185Net Assets 2018: -$2,460,2362018Assets 2019: $135,068Liabilities 2019: $2,669,133Net Assets 2019: -$2,534,0652019Assets 2020: $129,181Liabilities 2020: $2,578,480Net Assets 2020: -$2,449,2992020Assets 2021: $134,288Liabilities 2021: $2,484,823Net Assets 2021: -$2,350,5352021Assets 2022: $36,879Liabilities 2022: $2,430,378Net Assets 2022: -$2,393,4992022Assets 2023: $91,662Liabilities 2023: $3Net Assets 2023: $91,6592023Assets 2024: $124,652Liabilities 2024: $3,000Net Assets 2024: $121,6522024

Highlighted filing

2015

Assets$321,617
Liabilities$2,323,547
Net Assets-$2,001,930
Open 2015 Filing

Operations Trend

Revenue Growth20th percentile

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $84,066Expenses 2011: $591,037Net Income 2011: -$506,9712011Revenue 2012: $132,250Expenses 2012: $565,170Net Income 2012: -$432,9202012Revenue 2013: $304,260Expenses 2013: $371,216Net Income 2013: -$66,9562013Revenue 2014: $249,208Expenses 2014: $623,158Net Income 2014: -$373,9502014Revenue 2015: $187,380Expenses 2015: $540,419Net Income 2015: -$353,0392015Revenue 2016: $263,069Expenses 2016: $497,709Net Income 2016: -$234,6402016Revenue 2017: $265,263Expenses 2017: $309,170Net Income 2017: -$43,9072017Revenue 2018: $173,363Expenses 2018: $353,122Net Income 2018: -$179,7592018Revenue 2019: $288,310Expenses 2019: $362,139Net Income 2019: -$73,8292019Revenue 2020: $390,880Expenses 2020: $306,114Net Income 2020: $84,7662020Revenue 2021: $418,874Expenses 2021: $320,110Net Income 2021: $98,7642021Revenue 2022: $352,515Expenses 2022: $395,479Net Income 2022: -$42,9642022Revenue 2023: $80,868Expenses 2023: $159,183Net Income 2023: -$78,3152023Revenue 2024: $339,543Expenses 2024: $309,550Net Income 2024: $29,9932024

Highlighted filing

2015

Revenue$187,380
Expenses$540,419
Net Income-$353,039
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 1, 2016
Return Version
2015v2.1
Gross Receipts
$187,380
Mission and Program Overview

Mission

The life fund's mission is to enhance an understanding of the life and health insurance industry on the part of the general public; to educate the general public of the benefits to them of life and health insurance and other closely-related financial products; and, to educate the general public and policy owners, beneficiaries and other appropriate constituencies of the value of the services of professional insurance agents; to educate the public of the significant and positive role that the life and health insurance industry plays in the growth of a sound social and economic system.

The life funds's (the fund) mission is to enhance an understanding of the life and health insurance industry on the part of the general public; to educate the general public of the benefits to them of life and health insurance and other closely-related financial products; to educate the general public and policy owners, beneficiaries and other appropriate constituencies of the value of the services of professional insurance agents; and to educate the public of the significant and positive role that the life and health insurance industry plays in the growth of a sound social and economic system.

Program Services

DescriptionGrantsExpenses
LIFE LESSONS - THE LOSS OF A PARENT OR GUARDIAN IS ONE OF LIFE'S MOST DIFFICULT ORDEALS. THE EMOTIONAL STRAIN CAN BE DEVASTATING TO CHILDREN AND YOUNG ADULTS. RECOGNIZING THE CHARACTER AND PERSEVERANCE MANY YOUNG PEOPLE SHOW IN THE FACE OF SUCH ADVERSITY, THE FUND SPONSORED THE LIFE LESSONS SCHOLARSHIP PROGRAM FOR COLLEGE STUDENTS AND COLLEGE-BOUND HIGH SCHOOL SENIORS. QUALIFIED ENTRANTS WHO SUBMITTED ESSAYS OR VIDEOS ABOUT HOW THE DEATH OF A PARENT OR GUARDIAN IMPACTED THEIR LIVES WERE BE ELIGIBLE FOR THE SCHOLARSHIP MONEY.IN 2015, THE FUND GAVE THE LARGEST POOL OF SCHOLARSHIPS IN THE AMOUNT OF $240,000 TO A TOTAL OF 30 STUDENTS.$240,000$294,691
ONLINE PROGRAM - THIS CONSUMER WEBSITE CONTAINS INFORMATION THAT ANSWERS QUESTIONS ABOUT LIFE, HEALTH, AND DISABILITY INSURANCE. IT IS A USEFUL RESOURCE FOR PEOPLE WHO WANT TO EDUCATE THEMSELVES ABOUT THEIR NEEDS, OPTIONS AND ACCESS. THE SITE CONTAINS BASIC INFORMATION ABOUT EACH TYPE OF INSURANCE NEEDS, CALCULATORS, QUIZ QUESTIONS AND A GLOSSARY. CYBER PUBLIC RELATIONS EFFORTS HELPED DRIVE A GREATER NUMBER OF VISITORS TO THE SITE. THE SITE HAS BEEN UPDATED AND REVISED TO BE MORE USER-FRIENDLY AND CONTAIN NEW INFORMATION ABOUT INSURANCE.$0$105,134
NEXT GENERATION - LAUNCHED IN 1997, THIS PROGRAM IS DESIGNED TO EDUCATE HIGH SCHOOL STUDENTS ABOUT LIFE, HEALTH AND DISABILITY INSURANCE AND HOW THEY FIT INTO A SOUND FINANCIAL PLAN. THE KIT CONTAINS ALL THE MATERIALS A TEACHER WOULD NEED TO DEVELOP LESSON PLANS AS WELL AS VIDEOS THAT TAKES A TEEN-TO-TEEN APPROACH TO GRAB THE STUDENTS' ATTENTION.$0$51,795
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARC SCHWARTZChair-$0--
CINDY V GENTRYImmediate Past Chair-$0--
CLIFF WILSONChair-Elect-$0--
BRIAN H ASHETreasurer-$0--
PAT WEDEKINGSecretary-$0--
REGINA BEDOYADirector-$0--
MARK BONNETTDirector-$0--
THOMAS D CURREYDirector-$0--
CRAIG DESANTODirector-$0--
MICHAEL DOUGHTYDirector-$0--
SHERVIN EFTEKHARIDirector-$0--
MARTY FLEWELLANDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Life Fund
EIN
52-2316124
Phone
2024645000
Address
1655 NORTH FORT MYER DRIVE NO 610, ARLINGTON, VA 22209

Signing Officer

Name
Faisa Stafford
Title
COO/CFO
Phone
2024645000
Signed
2016-11-01
Discuss with paid preparer
Yes

Preparer

Firm
Raffa Pc
Address
1899 L STREET NW SUITE 850, WASHINGTON, DC 20036
Preparer
Frank H Smith
Phone
2028225000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarships. Grantee name: scholarships. Grantee relationship: n/a. Amount given: 240,000.”

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

“Description: bank fees. Amount: 956. Description: video production. Amount: 102,341. Description: conferences and meetings. Amount: 186. Description: depreciation. Amount: 87,844. Description: information technology. Amount: 105,134. Total to form 990-ez, line 16: 296,461.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: pledges receivable. Beg. Of year amount: 113,000. End of year amount: 165,000. Description: other depreciable assets. Beg. Of year amount: 354,887. End of year amount: 130,443.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 4,000. End of year amount: 5,000. Description: due to the foundation. Beg. Of year amount: 2,148,305. End of year amount: 2,318,547.”

Raw XML Appendix228 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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IRS990EZ/PrimaryExemptPurposeTxt0THE LIFE FUNDS'S (THE FUND) MISSION IS TO ENHANCE AN UNDERSTANDING OF THE LIFE AND HEALTH INSURANCE INDUSTRY ON THE PART OF THE GENERAL PUBLIC; TO EDUCATE THE GENERAL PUBLIC OF THE BENEFITS TO THEM OF LIFE AND HEALTH INSURANCE AND OTHER CLOSELY-RELATED FINANCIAL PRODUCTS; TO EDUCATE THE GENERAL PUBLIC AND POLICY OWNERS, BENEFICIARIES AND OTHER APPROPRIATE CONSTITUENCIES OF THE VALUE OF THE SERVICES OF PROFESSIONAL INSURANCE AGENTS; AND TO EDUCATE THE PUBLIC OF THE SIGNIFICANT AND POSITIVE ROLE THAT THE LIFE AND HEALTH INSURANCE INDUSTRY PLAYS IN THE GROWTH OF A SOUND SOCIAL AND ECONOMIC SYSTEM.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0LIFE LESSONS - THE LOSS OF A PARENT OR GUARDIAN IS ONE OF LIFE'S MOST DIFFICULT ORDEALS. THE EMOTIONAL STRAIN CAN BE DEVASTATING TO CHILDREN AND YOUNG ADULTS. RECOGNIZING THE CHARACTER AND PERSEVERANCE MANY YOUNG PEOPLE SHOW IN THE FACE OF SUCH ADVERSITY, THE FUND SPONSORED THE LIFE LESSONS SCHOLARSHIP PROGRAM FOR COLLEGE STUDENTS AND COLLEGE-BOUND HIGH SCHOOL SENIORS. QUALIFIED ENTRANTS WHO SUBMITTED ESSAYS OR VIDEOS ABOUT HOW THE DEATH OF A PARENT OR GUARDIAN IMPACTED THEIR LIVES WERE BE ELIGIBLE FOR THE SCHOLARSHIP MONEY.IN 2015, THE FUND GAVE THE LARGEST POOL OF SCHOLARSHIPS IN THE AMOUNT OF $240,000 TO A TOTAL OF 30 STUDENTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1ONLINE PROGRAM - THIS CONSUMER WEBSITE CONTAINS INFORMATION THAT ANSWERS QUESTIONS ABOUT LIFE, HEALTH, AND DISABILITY INSURANCE. IT IS A USEFUL RESOURCE FOR PEOPLE WHO WANT TO EDUCATE THEMSELVES ABOUT THEIR NEEDS, OPTIONS AND ACCESS. THE SITE CONTAINS BASIC INFORMATION ABOUT EACH TYPE OF INSURANCE NEEDS, CALCULATORS, QUIZ QUESTIONS AND A GLOSSARY. CYBER PUBLIC RELATIONS EFFORTS HELPED DRIVE A GREATER NUMBER OF VISITORS TO THE SITE. THE SITE HAS BEEN UPDATED AND REVISED TO BE MORE USER-FRIENDLY AND CONTAIN NEW INFORMATION ABOUT INSURANCE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2NEXT GENERATION - LAUNCHED IN 1997, THIS PROGRAM IS DESIGNED TO EDUCATE HIGH SCHOOL STUDENTS ABOUT LIFE, HEALTH AND DISABILITY INSURANCE AND HOW THEY FIT INTO A SOUND FINANCIAL PLAN. THE KIT CONTAINS ALL THE MATERIALS A TEACHER WOULD NEED TO DEVELOP LESSON PLANS AS WELL AS VIDEOS THAT TAKES A TEEN-TO-TEEN APPROACH TO GRAB THE STUDENTS' ATTENTION.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FACTS REGARDING THE PUBLIC SUPPORT TEST UNDER SECTION 509(A)(2) FOR THE SUPPORTED ORGANIZATION ARE CONFIRMED BY MANAGEMENT AND ITS PUBLIC ACCOUNTING FIRM ON AN ANNUAL BASIS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FUND DID NOT PROVIDE ANY SUPPORT TO THE FOUNDATION FOR THE YEAR ENDED DECEMBER 31, 2015. HOWEVER, ANY FUNDS PROVIDED TO THE SUPPORTED ORGANIZATION (THE FOUNDATION) ARE REVIEWED BY THE COO/CFO AND ITS ACCOUNTING FIRM TO ENSURE PROPER USE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 3B
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IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: SCHOLARSHIPS. GRANTEE RELATIONSHIP: N/A. AMOUNT GIVEN: 240,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BANK FEES. AMOUNT: 956. DESCRIPTION: VIDEO PRODUCTION. AMOUNT: 102,341. DESCRIPTION: CONFERENCES AND MEETINGS. AMOUNT: 186. DESCRIPTION: DEPRECIATION. AMOUNT: 87,844. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 105,134. TOTAL TO FORM 990-EZ, LINE 16: 296,461.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: PLEDGES RECEIVABLE. BEG. OF YEAR AMOUNT: 113,000. END OF YEAR AMOUNT: 165,000. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 354,887. END OF YEAR AMOUNT: 130,443.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 4,000. END OF YEAR AMOUNT: 5,000. DESCRIPTION: DUE TO THE FOUNDATION. BEG. OF YEAR AMOUNT: 2,148,305. END OF YEAR AMOUNT: 2,318,547.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FAISA STAFFORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0COO/CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum02024645000
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LIFE FUND
ReturnHeader/Filer/BusinessNameControlTxt0LIFE
ReturnHeader/Filer/EIN0522316124
ReturnHeader/Filer/PhoneNum02024645000
ReturnHeader/Filer/USAddress/AddressLine1Txt01655 NORTH FORT MYER DRIVE NO 610
ReturnHeader/Filer/USAddress/CityNm0ARLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022209
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521511275
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RAFFA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01899 L STREET NW SUITE 850
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020036
ReturnHeader/PreparerPersonGrp/PhoneNum02028225000
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK H SMITH
ReturnHeader/ReturnTs02016-11-01T13:08:32-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$321,617
Liabilities
$2,323,547
Net assets
-$2,001,930
Revenue
$187,380
Expenses
$540,419
Net income
-$353,039
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.00$0.12$0.34$0.31$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.08$0.16$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.04$2.43$2.39$0.35$0.40$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.13$2.48$2.35$0.42$0.32$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.13$2.58$2.45$0.39$0.31$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.14$2.67$2.53$0.29$0.36$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.05$2.51$2.46$0.17$0.35$0.18
2017Detailed filing. Detailed filing data is available for this year.$0.20$2.48$2.28$0.27$0.31$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.21$2.45$2.24$0.26$0.50$0.23
2015Detailed filing. Detailed filing data is available for this year.$0.32$2.32$2.00$0.19$0.54$0.35
2014Detailed filing. Detailed filing data is available for this year.$0.50$2.15$1.65$0.25$0.62$0.37
2013Detailed filing. Detailed filing data is available for this year.$0.38$1.65$1.27$0.30$0.37$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$1.44$1.21$0.13$0.57$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$1.03$0.78$0.08$0.59$0.51