Alliance for Lifetime Income

“A monthly retainer in 2024 plus expenses was paid to statler nagle. Employees of statler nagle were paid from the monthly retainer for the work provided to the alliance. The alliance does not pay salaries or have any employees.”

“See explanation on "form 990, part vi, section a, line 7a" below.”

“The alliance for lifetime income has 2 membership classes as outlined below: 1. Executive members - this class of membership shall be open to any member that is a life insurance company and pays the dues required of an executive member, as determined by the board of directors, pursuant to applicable sections of the bylaws. An executive member shall be entitled to appoint one (1) director, subject to the applicable sections of the bylaws and one (1) representative to the operating committee. Each executive member shall have one (1) vote on each matter required or permitted to be approved by the members, be counted for quorum purposes at any meeting of members, and be entitled to such other rights and privileges as set forth in the nonprofit corporation act, the bylaws, and as may be established by the board of directors. 2. Alliance committee members - each alliance committee member shall have one (1) vote on each matter required or permitted to be approved by the members, be counted for quorum purposes of any meeting of members, and be entitled to such other rights and privileges as set forth in the nonprofit corporation act, the bylaws, and as may be established by the board of directors. An alliance committee member shall not have the right to appoint a director to the board or a representative to the operating committee.”

“Prior to filing, the form 990 is reviewed by management, legal counsel, its third party accounting services firm and the treasurer.”

“Ali has a written conflict of interest policy stating that all directors, officers, agents, and employees of this organization must disclose all real or apparent conflicts of interest that they discover or that have been brought to their attention in connection with this organization's activities. All members of the board of directors are required to execute and confirm compliance with this conflict-of-interest policy upon becoming a member of the board. All conflict-of-interest statements are acknowledged annually be both staff and board members, either via physical or electronic signature. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and is given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed arrangement. After exercising due diligence, the governing board or committee determines whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, and after making further investigation as warranted by the circumstances, it shall take appropriate disciplinary and corrective action.”

“The organization has no compensation policies because it has no employees.”

“The organization's governing documents, conflict of interest policy, and financial statements are not available to the public.”

“Professional research services 240,466. Fellows/spokespeople, & third parties 517,504.”