2012-11-09T17:06:21-06:00 2011-12-31 521305787 GINSBERG & HELFER PLLC 1250 CONNECTICUT AVENUE NW SUITE 52 WASHINGTON DC 20036 990 2011-01-01 208769162 INSTITUTIONAL LIFE MARKETS ASSOCIATION INC INST 2023429610 925 15TH STREET NW NO 500 WASHINGTON DC 20005 JOHN A KELLY 2023429610 2012-11-06 1 DALBERT B GINSBERG P00194207 2022235000 2011 2016-02-24 21:20:13Z JOHN A KELLY 925 15TH STREET NW NO 500 WASHINGTON DC 20005 423397 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. 7 7 0 7 0 0 600000 374375 18416 48058 2379 964 0 0 620795 423397 0 0 0 0 0 0 0 0 0 672902 581100 672902 581100 -52107 -157703 565166 407463 0 0 565166 407463 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 AND PREMIUM FINANCE. 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 THAT IS WORKING TO DEVELOP FORM DOCUMENTS TO BE USED IN CONNECTION WITH LONGEVITY AND MORTALITY RELATED TRANSACTIONS. 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 FORTY PERCENT (40%) OF ILMA'S TIME IS SPENT ON THE DEVELOPMENT OF FORM DOCUMENTATION. THE SUBCOMMITTEE MEETS MONTHLY AND ALL ILMA MEMBERS ARE INVITED TO ATTEND. 73921 48058 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 103 ATTENDEES. APPROXIMATELY TEN PERCENT (10%) 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. 73921 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 1 4 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 X ORGANIZATION 2023429610 925 15TH STREET NW SUITE 500 WASHINGTON DC 20005 X JOHN KELLY 1.00 X 0 0 0 TOM MORAN 1.00 X 0 0 0 KURT GEARHEART 1.00 X 0 0 0 JONAS FISCHERSTROM 1.00 X 0 0 0 ROGER TAFOYA 1.00 X 0 0 0 EMMANOUIL PSOMAS 1.00 X 0 0 0 JOE NARDI 1.00 X 0 0 0 SCOTT CROHN 1.00 X 0 0 0 0 0 0 0 0 0 0 0 374375 374375 CONFERENCE 524298 48058 48058 48058 964 964 423397 0 0 49022 151000 7712 73921 778 CONSULTING EXPENSES 310421 ADMINISTRATIVE EXPENSES 37268 581100 151760 91663 392406 234578 21000 78000 3222 565166 407463 0 0 X 0 0 0 0 565166 407463 565166 407463 565166 407463 -157703 0 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 374375 0 423397 581100 -157703 -157703 EUROPE 0 0 PROGRAM SERVICE, ANNUAL CONFERENCE 73921 0 0 0 0 0 0 73921 0 73921 0 0 0 0 0 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 SUBSTANTAILLY 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 2011 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.