2015-11-12T14:59:39-06:00 2014-12-31 521305787 GINSBERG HELFER & BOYD PLLC 1850 K STREET NW SUITE 675 WASHINGTON DC 20006 990 2014-01-01 208769162 INSTITUTIONAL LONGEVITY MARKETS ASSOCIATION INC INST 2025522788 818 CONNECTICUT AVE NW FLOOR 11 WASHINGTON DC 20006 JOHN A KELLY MANAGING DIRECTOR 2025522788 2015-11-09 1 DALBERT B GINSBERG P00194207 2022235000 2014 2016-04-25 22:37:26Z X JOHN A KELLY 818 CONNECTICUT AVE NW FLOOR 11 WASHINGTON DC 20006 382999 0 X WWW.LIFEMARKETSASSOCIATION.ORG X 2007 DC THE ORGANIZATION'S MISSION IS TO EXPAND AND APPLY CAPITAL MARKET SOLUTIONS IN LIFE INSURANCE, EDUCATE CONSUMERS THAT THEIR INSURANCE MAY BE A VALUABLE ASSET, EXPAND CONSUMER CHOICES ABOUT HOW TO MANAGE IT, AND SUPPORT THE RESPONSIBLE GROWTH AND REGULATION OF THE INDUSTRY. 6 6 0 7 0 0 370625 357500 70053 25437 173 62 0 0 440851 382999 0 0 0 0 0 0 0 0 0 577320 516094 577320 516094 -136469 -133095 208236 75141 0 0 208236 75141 X THE ORGANIZATION'S MISSION IS TO EXPAND AND APPLY CAPITAL MARKET SOLUTIONS IN LIFE INSURANCE, EDUCATE CONSUMERS THAT THEIR INSURANCE MAY BE A VALUABLE ASSET, EXPAND CONSUMER CHOICES ABOUT HOW TO MANAGE IT, AND SUPPORT THE RESPONSIBLE GROWTH AND REGULATION OF THE INDUSTRY. 0 0 MEETINGS TO DISCUSS REGULATORY ISSUES. ILMA MEETS REGULARLY TO DISCUSS EXISTING AND PROPOSED REGULATORY ISSUES IN CONNECTION WITH THE LONGEVITY AND MORTALITY MARKETPLACE. REGULATORY ISSUES INCLUDE STATE AND FEDERAL LEGISLATION, PROPOSED MODEL ACTS AND RELATED MATERIALS. THESE MEETINGS ARE HELD TO FURTHER ILMA'S STATED ORGANIZATIONAL PURPOSE OF EDUCATING MARKET PARTICIPANTS ON REGULATORY DEVELOPMENTS AFFECTING THE BUSINESSES OF LIFE SETTLEMENTS. APPROXIMATELY FIFTY PERCENT (50%) OF ILMA'S TIME IS SPENT PARTICIPATING IN THESE MEETINGS. THE MEETINGS TAKE PLACE MONTHLY AND ALL ILMA MEMBERS ARE INVITED TO ATTEND. DEVELOPMENT OF FORM DOCUMENTATION. ILMA HAS CREATED A "LEGAL AND REGULATORY MATTERS" SUBCOMMITTEE. AMONG OTHER THINGS, THIS SUBCOMMITTEE SEEKS TO INCREASE TRANSPARENCY AND DISCLOSURE IN TRANSACTION DOCUMENTS. SUBCOMMITTEE WORK PRODUCT WILL BE SUBMITTED TO ILMA'S BOARD OF DIRECTORS FOR FINAL APPROVAL. APPROXIMATELY TWENTY-FIVE PERCENT (25%) OF ILMA'S TIME IS SPENT ON THE DEVELOPMENT OF FORM DOCUMENTATION. THE SUBCOMMITTEE MEETS MONTHLY AND ALL ILMA MEMBERS ARE INVITED TO ATTEND. 45296 25437 THE ILMA CONFERENCE IS A ONE-DAY EVENT WITH AN INVESTMENT FOCUS AND IN-DEPTH COVERAGE OF THE LONGEVITY MARKET. THE TOPICS DISCUSSED ARE LIFE SETTLEMENTS, GLOBAL PENSION PLANS, INSURANCE RESERVES AND REVERSE MORTGAGES AS ALTERNATIVE INVESTMENTS. THERE WERE 76 ATTENDEES. APPROXIMATELY TWENTY-FIVE PERCENT (25%) OF ILMA'S TIME IS SPENT ON THE PLANNING OF THE CONFERENCE. PUBLIC RELATIONS AND MEMBERSHIP OUTREACH. THE BALANCE OF ILMA'S TIME IS SPENT (I) PARTICIPATING IN MARKETPLACE CONFERENCES AND PRESENTATIONS, (II) MEETING WITH INDUSTRY LEADERS ON MATTERS AFFECTING THE MARKETPLACE AND (III) ON MEMBERSHIP OUTREACH. THE PURPOSE OF THESE ACTIVITIES IS TO INCREASE CONSUMER AWARENESS OF THE BENEFITS OF THE LONGEVITY AND MORTALITY MARKETPLACE AND TO BUILD ALLIANCES WITH OTHER MARKET PARTICIPANTS. ALL MEMBERS ARE INVITED TO PARTICIPATE IN THESE ACTIVITES,WHICH COMPRISE APPROXIMATELY FIVE PERCENT (5%) OF ILMA'S TIME. 45296 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 X ORGANIZATION 2025522788 818 CONNECTICUT AVE NE FLOOR 11 WASHINGTON DC 20006 X JOHN KELLY MANAGING DIRECTOR 1.00 X 0 0 0 TOM MORAN OFFICER 1.00 X 0 0 0 JOSEH NARDI OFFICER/TREASURER 1.00 X 0 0 0 JOSH PAPIR OFFICER 1.00 X 0 0 0 SHANA MURRAY OFFICER 1.00 X 0 0 0 GREG LEAHY OFFICER 1.00 X 0 0 0 MIKE FASANO OFFICER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 357500 357500 CONFERENCE 524298 25437 25437 25437 62 62 382999 0 0 25499 125380 6263 45296 556 CONSULTING EXPENSES 300000 ADMINISTRATIVE EXPENSES 38193 INTERNET/WEBSITE EXPENS 406 516094 67050 26074 107195 7257 33435 41810 556 0 208236 75141 0 0 X 0 0 0 0 208236 75141 208236 75141 208236 75141 -133095 0 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 357500 KELLY & ASSOCIATES INC JOHN KELLY IS THE 100% SHAREHOLDER OF KELLY & ASSOCIATES, INC 336000 PAYMENTS FOR ADMINISTRATIVE & GOVERNMENT RELATION SERVICES. 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE ASSOCIATION SHALL BE AVAILABLE TO ANY ENTITY THAT IS SUBJECT TO EXTENSIVE REGULATION BY BANKING OR SECURITIES DEALER REGULATORY AGENCIES AND BODIES. SPECIFICALLY, MEMBERSHIP WILL BE LIMITED TO: -BROKER-DEALERS REGISTERED WITH THE SEC THAT OWN OR INVEST ON A DISCRETIONARY BASIS AT LEAST $100 MILLION IN SECURITIES. -NON-U.S. BROKER-DEALERS SUBJECT TO SUBSTANTIALLY SIMILAR GOVERNMENTAL SUPERVISION IN THEIR HOME JURISDICTIONS THAT OWN OR INVEST ON A DISCRETIONARY BASIS AT LEAST $100 MILLION IN SECURITIES. -U.S. BANKING INSTITUTIONS SUPERVISED BY THE OFFICE OF THE COMPTROLLER OF THE CURRENCY OR THE OFFICE OF THRIFT SUPERVISION WITH TOTAL ASSETS IN EXCESS OF $1 BILLION. -NON U.S. BANKING INSTITUTIONS SUBJECT TO SUBSTANTIALLY SIMILAR GOVERNMENT SUPERVISION IN THEIR OWN JURISDICTIONS WITH TOTAL ASSETS IN EXCESS OF $1 BILLION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE NOMINATING COMMITTEE OF THE ASSOCIATION SHALL ELECT MEMBERS OF EACH BOARD OF DIRECTORS AT LEAST 30 DAYS PRIOR TO EACH ANNUAL OR SPECIAL MEETING OF THE MEMBERS OF THE ASSOCIATION. MEMBERS OF THE ASSOCIATION MAY NOMINATE CANDIDATES FOR ELECTION AS DIRECTORS IN ADDITION TO THOSE NOMINATED BY THE NOMINATING COMMITTEE BY SUBMISSION OF A NOMINATING PETITION TO THE SECRETARY OF THE ASSOCIATION AT LEAST ONE WEEK PRIOR TO SUCH ANNUAL OR SPECIAL MEETING, PROVIDED THAT THE NOMINATING PETITION RELATING TO ANY SUCH PROPOSED NOMINEE SHALL BE EFFECTIVE ONLY IF IT BEARS THE SIGNATURES OF PERSONS REPRESENTNG AT LEAST THREE MEMBERS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER SHALL BE ENTITLED TO ONE VOTE ON ALL MATTERS SUBMITTED TO A VOTE OF THE MEMBERSHIP. SUBJECT TO ANY PROVISION OF LAW OR THE BY-LAWS, THE AFFIRMATIVE VOTE OF A MAJORITY OF VOTES ENTITLED TO BE CAST BY THE MEMBERS PRESENT IN PERSON OR BY PROXY AT A MEETING AT WHICH A QUORUM IS PRESENT SHALL BE NECESSARY FOR THE ADOPTION OF ANY MATTER VOTED UPON BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE 2014 FORM 990 WAS DISTRIBUTED TO EACH BOARD MEMBER FOR THEIR REVIEW, COMMENTS AND APPROVAL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION SHALL KEEP CORRECT AND COMPLETE BOOKS AND RECORDS OF ACCOUNT AND SHALL ALSO KEEP MINUTES OF THE PROCEEDINGS OF ITS MEMBERS, BOARD OF DIRECTORS, AND COMMITTEES HAVING ANY OF THE AUTHORITY OF THE BOARD OF DIRECTORS, AND SHALL KEEP AT THE REGISTERED OR PRINCIPAL OFFICE A RECORD OF GIVING THE NAMES AND ADDRESSES OF THE MEMBERS ENTITLED TO VOTE.