2018-05-14T09:01:17-05:00 2017-06-30 521855942 Tate and Tryon 2021 L Street NW Suite 400 Washington DC 20036 990 2016-07-01 363209661 NATIONAL ASSOCIATION OF INDEPENDENT LIFE BROKERAGE AGENCIES NATI 7033833081 11325 Random hills road No 110 Fairfax VA 22030 Dan LaBert Chief Executive Officer 7033833081 2018-05-14 1 Frederick Longwood P00439715 2022932200 2016 2022-09-23 18:48:47Z NAILBA Dan LaBert 11325 Random hills road No 110 Fairfax VA 22030 3459930 0 X WWW.NAILBA.ORG X 1982 IL Serve THE INTERESTS of value-added, independently-owned life brokerage agencies. 8 8 9 60 179651 -49752 0 0 2641714 2349632 -39497 202122 11511 6633 2613728 2558387 0 200 0 0 923099 964647 0 0 0 1867136 2150023 2790235 3114870 -176507 -556483 3610990 3067633 1218854 1046350 2392136 2021283 X The National Association of Independent Life Brokerage Agencies (NAILBA) is the premiere insurance industry organization promoting financial security and consumer choice through the use of independent brokerage distribution. NAILBA member agencies represent 250,000 producers who deliver more than four billion dollars in first year life insurance premiums annually. 0 0 ANNUAL MEETING - FACILITATED THE EXCHANGE OF INFORMATION CONCERNING INDEPENDENT LIFE BROKERAGE AGENCIES VIA WORKSHOPS AND PRESENTATIONS BY VARIOUS SPEAKERS. Attendance - approximately 1,300. PUBLICATIONS - DISSEMINATED TECHNICAL AND GENERAL INFORMATION RELATING TO INDUSTRY VIA A NEWSLETTER AND A MAGAZINE (Perspectives). Circulation - Approximately 1,100. FOUNDATION SUPPORT - PROVIDED OPERATIONAL SUPPORT TO NAILBA CHARITABLE FOUNDATION. 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 14 0 1 9 1 1 1 0 0 0 1 1 0 X 8 8 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 VA X The Association 7033833081 11325 random hills rd ste 110 FAIRFAX VA 22030 JAMES SOREBO chairman 2.00 1.00 X X 0 0 0 JEFFREY D MOOERS CHAIRMAN-ELECT 2.00 1.00 X X 0 0 0 Myra Palmer SECRETARY/TREASURER 2.00 1.00 X X 0 0 0 GEORGE C CHIP VAN DUSEN IV IMMediate Past Chairman 2.00 1.00 X X 0 0 0 david Long immeD Past Chairman (THRU DEC '16) 2.00 0.00 X X 0 0 0 Joseph Bosnack DIRECTOR (THRU DEC '16) 2.00 0.00 X 0 0 0 Brittany Cross DIRECTOR 2.00 0.00 X 0 0 0 Jason E Lea CFP DIRECTOR 2.00 0.00 X 0 0 0 Chad Milner DIRECTOR 2.00 0.00 X 0 0 0 Ben Nevejans DIRECTOR 2.00 0.00 X 0 0 0 John E Chiasson CHIEF EXEC OFFICER (thru May '17) 36.00 4.00 X 257055 0 19846 Susan Klemmer Dpty CEO/Interim CEO (as of may '17) 37.50 2.50 X 108116 0 9503 Susan D Haning DirECTOR, Business Development 37.50 2.50 X 125765 0 12475 490936 0 41824 3 0 1 0 PRG Washington DC 9590 Lynn Buff Court Ste 16 laurel MD 20723 event planning 173661 Washington Speakers Bureau 1663 Prince Street ALEXANDRIA VA 22314 SPEAKING FEES 138099 2 annual meeting 900099 1689003 1689003 membership dues 900099 450203 450203 Marketing/comm. 541800 179651 179651 Contract Revenue 900099 30775 30775 2349632 53665 53665 1050000 901543 148457 148457 148457 REIMBURSEMENT 900099 4800 4800 MISCELLANEOUS 900099 1833 1833 6633 2558387 2169981 179651 208755 200 404698 465023 10091 31045 53790 43876 74811 21421 121942 79835 80911 134823 86771 1292320 6962 16949 printing/graphic design 69338 Dues & Subscriptions 38253 SPONSORships 25000 PAYROLL PROCESSING FEES 14897 41914 3114870 180018 384795 39282 26927 2448 438 209254 165257 109197 106198 9961 2999 3144425 2472696 25602 14521 3610990 3067633 37813 45876 1181041 1000474 1218854 1046350 X 2392136 2021283 2392136 2021283 3610990 3067633 -556483 185630 0 X X 0 1 X 1 0 0 0 1 450203 289708 289708 289708 50982 50982 0 28142 25275 2867 30073 29941 132 2999 X 2744017 185630 185630 2558387 0 2558387 3114870 0 3114870 0 3114870 Part X, Line 2: Unrelated business income pertaining to activities not directly related to its nonprofit purpose is subject to income taxes. There was no taxable unrelated business income during the years ended June 30, 2017 and 2016. The Organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the combined financial statements. The Organization recognizes interest expense and penalties related to income taxes on uncertain tax positions in administrative expenses on the combined statements of activities and change in net assets. There is no provision in these combined financial statements for penalties and interest related to income taxes for the years ended June 30, 2017 and 2016. Tax years prior to 2013 are no longer subject to examination by the IRS or the tax jurisdictions of the State of Illinois and the Commonwealth of Virginia. X X X X 0 0 0 John E Chiasson CHIEF EXEC OFFICER (thru May '17) 255867 0 0 0 1188 0 7775 0 19625 0 284455 0 0 0 Form 990, Part VI, Section A, line 1 The elected officers of the Association shall be members of the Executive Committee. The Chief Staff Officer of the Association shall be an ex officio member of the Executive Committee without the right to vote. It shall be the responsibility of the Executive Committee to implement the policies established by the membership and the Board of Directors between Board meetings and to perform what other tasks are assigned to the Executive Committee by the Board of Directors. Form 990, Part VI, Section A, line 6 THE CORPORATION SHALL HAVE THE CLASSES OF MEMBERSHIP OUTLINED BELOW (COLLECTIVELY REFERRED TO AS "THE MEMBERSHIP"). MEMBERSHIP IN NAILBA REFLECTS AN ORGANIZATION'S DEDICATION TO INDEPENDENT BROKERAGE IDEALS. MEMBERSHIP APPLICATIONS MUST BE APPROVED BY A MAJORITY OF THE BOARD OF DIRECTORS. ANNUAL DUES FOR EACH CLASS OF MEMBERSHIP SHALL BE DETERMINED BY THE BOARD OF DIRECTORS. REGULAR MEMBERSHIP QUALIFICATIONS FOR AN AGENCY'S ACCEPTANCE AS A REGULAR MEMBER: 1. THE AGENCY IS AN APPROPRIATELY LICENSED INDEPENDENT BROKERAGE AGENCY. 2. THE AGENCY DERIVES ITS PRIMARY INCOME FROM BROKERAGE DISTRIBUTION. 3. THE AGENCY IS FREE TO PLACE BUSINESS WITH ANY CARRIER. 4. THE AGENCY MAINTAINS, IN GOOD STANDING, A BROKERAGE GENERAL AGENT'S CONTRACT WITH AT LEAST THREE (3) BROKERAGE CARRIERS. 5. THE AGENCY IS COMMITTED TO PROMOTING AND ADVOCATING THE INDEPENDENT BROKERAGE SYSTEM. 6. APPLICANTS MUST AGREE TO COMPLY WITH THE NAILBA BYLAWS AND PROMOTE THE TRADE AND BUSINESS OF INDEPENDENT INSURANCE BROKERAGE AGENCIES AND THE INTERESTS OF CONSUMERS SERVED BY SUCH AGENCIES. MEMBER EMERITUS THIS CATEGORY SHALL BE FOR A RETIRED PRINCIPAL FROM A NAILBA MEMBER AGENCY, OR FOR AN AGENCY PRINCIPAL WHO NO LONGER QUALIFIES FOR MEMBERSHIP AS A REGULAR MEMBER. THE INDIVIDUAL'S AGENCY (OR FORMER AGENCY) SHALL HAVE NO LESS THAN FIVE (5) CONTINUOUS YEARS OF NAILBA MEMBERSHIP, IN GOOD STANDING, PRIOR TO RETIREMENT. MEMBERSHIP BENEFITS UNDER THIS CATEGORY ARE LIMITED TO THE INDIVIDUAL WHO IS GRANTED MEMBERSHIP, NOT FOR ANY OTHERS IN THE PRINCIPAL'S FORMER AGENCY. Form 990, Part VI, Section A, line 7a Each Regular member agency shall be entitled to one vote on each matter submitted to a vote of the members, including the election of board members. Form 990, Part VI, Section A, line 8b NAILBA's committees do not make decisions about the governance of the organization; they make recommendations to the Board, and the Board makes the decision. Form 990, Part VI, Section B, line 11b Prior to submission, the completed 990 is sent to each Board Member via email "Return Receipt" requested. Form 990, Part VI, Section B, line 12c Each individual Board Member is asked to SIGN the organization's Anti-Trust AND Conflict of Interest statements once each year. Additionally, at the beginning of EACH meeting (in person OR by conference call) each Board Member is required to "acknowledge" that HIS OR HER agreement with those policies remains in effect. Form 990, Part VI, Section B, line 15a The CHIEF Executive OFFICER has an employment agreement with the organization. Upon each renewal, the compensation is reviewed and compared to other organizations of the same staff and budget size to ensure that it is neither too high nor too low. This comparison information is obtained from sources such as the ASAE Annual Compensation Survey. Review is conducted by the organization's Executive Committee. Form 990, Part VI, Section C, line 19 Any time a request to view any of these documents is made, the individual is asked to make an appointment to view them in the HQ office. Form 990, Part XI, Line 2b: The Association's financial statements were audited on a consolidated basis. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PREVIOUS YEAR. NAILBA CHARITABLE foundation 11325 random hills road fairfax VA 22030 562448850 provide grants funds to org. with great purpose and little economic resource VA 501(c) 3 509 (a) (3) 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 NAILBA CHARITABLE FOUNDATION O 90618 payroll COSTs of shared employees