Life And Health Insurance Foundation For Education in Arlington, Virginia (VA)

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Life And Health Insurance Foundation For Education
Employer Identification Number (EIN)521904610
Name of OrganizationLife And Health Insurance Foundation For Education
In Care of NameDavid F Woods Pres
Address1655 North Fort Meyer Dr 610, Arlington, VA 22209
ActivitiesBusiness promotion (chamber of commerce, business league, etc.)
SubsectionBoard of Trade
Ruling Date03/1996
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$3,161,415
Amount of Income$4,525,412
Form 990 Revenue Amount$4,525,412
National Taxonomy of Exempt Entities (NTEE)Mutual/Membership Benefit Organizations, Other: Professional Societies, Associations


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Amount of income in 2011: $4,525,412
This organization: 

 $4,525,412
Other organizations performing similar types of work: 

 $3,851,490

Assets in 2011: $3,161,415
Life And Health Insurance Foundation For Education: 

 $3,161,415
Other organizations performing similar types of work: 

 $4,250,151

Expenses in 2002: $8,147,197
This organization: 

 $8,147,197
Other organizations performing similar types of work: 

 $4,089,178

Income to expenses ratio in 2002: 0.7
This organization: 

 0.7
Other organizations performing similar types of work: 

 1.1

Number of employees in 2002: 8
This organization: 

 8
Other organizations performing similar types of work: 

 21

Employees paid over $50,000 in 2002: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 1.6%

Grants share in income in 2002: 78.6%
This organization: 

 78.6%
Other organizations performing similar types of work: 

 0.0%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$3,419,143$8,529,665$5,800,597
Contributions, gifts, grants, and similar amounts received$2,010,879$7,331,913$4,558,958
Contributions to donor advised funds
Direct public support$2,010,879$7,331,913$4,558,958
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$80,175$98,271$173,060
Membership dues and assessments$1,097,499$1,028,018$1,036,749
Interest on savings and temporary cash investments$156,814$74,326$15,866
Dividends and interest from securities$71,928$0$0
Net rental income or (loss)$0$0$0
Gross rents$0$31,719$23,065
Less: rental expenses$0$31,719$23,065
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$-2,863$0
Gross amount from sales of assets other than inventory$0$1,235,285$0
Less: cost or other basis and sales expenses$0$1,238,148$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$1,848$0$15,964
Total expenses$8,788,794$9,816,422$8,147,197
Program services$0$0$0
Management and general$0$0$0
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$8,642,702$6,501,459$4,208,878
Excess or (deficit) for the year$-5,369,651$-1,286,757$-2,346,600
Net assets or fund balances at beginning of year$12,724,467$8,642,702$6,501,459
Other changes in net assets or fund balances$1,287,886$-854,486$54,019
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$8,147,197$0$0$0
Grants paid from donor advised funds
Other grants and allocations$479,933
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$275,000$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$620,783$0$0$0
Pension plan contributions not included above$49,996$0$0$0
Employee benefits not included above$57,945$0$0$0
Payroll taxes$50,223$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$78,119$0$0$0
Legal fees$807$0$0$0
Supplies$15,863$0$0$0
Telephone$43,071$0$0$0
Postage and shipping$13,003$0$0$0
Occupancy$126,311$0$0$0
Equipment rental and maintenance$61$0$0$0
Printing and publications$13,646$0$0$0
Travel$170,199$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$960$0$0$0
Depreciation, depletion, etc.$29,803$0$0$0
Other expenses not covered above$6,121,474$0$0$0
Balance Sheets
200020012002
Total assets$10,413,491$6,787,646$4,793,366
Cash - non-interest-bearing$300$300$300
Savings and temporary cash investments$2,294,656$856,589$1,516,518
Accounts receivable less allowance for doubtful accounts$82,083$178,486$681,898
Pledges receivable less allowance for doubtful accounts$5,925,495$5,600,677$2,415,992
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Investments - publicly-traded securities
Investments - other securities$1,213,116$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$156,983$139,900$116,852
Other assets, including program-related investments$740,858$11,694$61,806
Total liabilities$1,770,789$286,187$584,488
Accounts payable and accrued expenses$1,617,291$147,776$492,808
Grants payable$0$0$0
Deferred revenue$33,334$34,534$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$13,738$8,097$2,347
Other liabilities$106,426$95,780$89,333
Total liabilities and net assets/fund balances$10,413,491$6,787,646$4,793,366
Total net assets or fund balances$8,642,702$6,501,459$4,208,878
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$3,419,143$8,529,665$5,800,597
Total revenue, gains, and other support per audited financial statements$4,461,901$8,643,919$5,812,534
Other expenses$1,287,886$237,189$11,937
Net unrealized gains on investments$11,140$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$1,276,746$237,189$11,937
Other revenue$245,128$122,935$0
Investment expenses$0$0$0
Other$245,128$122,935$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$8,788,794$9,816,422$8,147,197
Total expenses and losses per audited financial statements$8,543,666$9,725,206$8,170,262
Other revenue$0$31,719$23,065
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$31,719$23,065
Other expenses$245,128$122,935$0
Investment expenses$0$0$0
Other$245,128$122,935$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?Yes
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20068
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$15,866$1,225,773
Program service revenue
Program service revenue 1000000$000$0$133,125
Program service revenue 2000000$000$0$39,925
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$1,036,749
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$15,866$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$15,964
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
199920002001
Total$0$0$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$4,525,412
Contributions, Gifts, Grants and Other Similar Amounts$3,263,298
Program Service Revenue$1,253,720
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$394
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$8,000
Statement of Functional Expenses (for 2011)
Total functional expenses$5,188,491
Compensation of current officers, directors, trustees, and key employees$1,093,670
Other salaries and wages$291,407
Payroll taxes$72,084
Professional fundraising services$0
Other$3,731,330
Balance Sheet (for 2011)
Total assets$3,161,415
Total liabilities$381,020
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$381,020
Total net assets or fund balances$2,780,395
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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1American Bureau Of Shipping16855 Northchase Dr, Houston, TX 77060-6006TX1919-06$933,903,990
2Florida Workers Compensation Insurance Guaranty AssociationPO BOX 15159, Tallahassee, FL 32317-5159FL1998-05$303,493,260
3North Carolina Insurance5520 Dillard Drive, Cary, NC 27518-9237NC1971-04$131,929,127
4Pennsylvania Professional Liability Joint Underwriting Association2250 Hickory Rd Ste 125, Plymouth Mtng, PA 19462-2224PA1976-10$102,787,139
5American Council Of Life Insurance Inc101 Constitution Ave Nw, Washington, DC 20001-2133DC1977-03$45,355,581
6Aipso302 Central Ave, Johnston, RI 02919-4932RI1973-12$36,980,781
7Life Office Management Association2300 Windy Ridge Parkway No 600, Atlanta, GA 30339-5665GA1979-05$30,240,792
8Million Dollar Round Table Of The Natl Assn Of Life Underwriters325 W Touhy Ave, Park Ridge, IL 60068-4204IL1969-09$30,015,231
9Montana Comprehensive Health Association560 N Park Ave, Helena, MT 59601-2702MT1989-03$27,146,565
10National Insurance Producer Registry1100 Walnut St Ste 1500, Kansas City, MO 64106-2277MO1998-07$25,897,030
11Minnesota Insurance Guaranty Association7600 Parklawn Ave Ste 460, Edina, MN 55435-5137MN1973-06$20,869,867
12Alliance Of American InsurersDowners Grove, IL 60515IL$17,757,317
13North Carolina Joint Underwriting Association5520 Dillard Dr Ste 180, Cary, NC 27518-9280NC1971-04$16,940,366
14National Association Of Insurance And Financial Advisors2901 Telestar Ct 6th Fl, Falls Church, VA 22042-1260VA1942-10$16,515,991
15North Carolina Rate BureauPO BOX 176010, Raleigh, NC 27619-6010NC1979-07$14,834,636
16Risk And Insurance Management Society Inc, Alabama Chapter Of Rims1200 Urban Center Drive, Vestavia, AL 35242AL1960-08$13,635,942
17Council Of Insurance Agents & Brokers701 Pennsylvania Avenue Sw, Washington, DC 20004DC1942-10$13,413,522
18National Organization Of Life And Health Insurance Guaranty Assoctns13873 Park Center Rd Ste 329, Herndon, VA 20171-3247VA1997-07$5,141,241
19Life And Health Insurance Foundation For Education1655 North Fort Meyer Dr 610, Arlington, VA 22209VA1996-03$4,525,412
20Independent Insurance Agents Of Virginia Inc8600 Mayland Dr, Richmond, VA 23294-4702VA1943-08$1,164,206
Number of organizations performing similar types of work
Alabama1
California8
District of Columbia3
Florida1
Georgia1
Iowa1
Illinois6
Indiana1
Kentucky1
Massachusetts3
Michigan1
Minnesota3
Missouri2
Mississippi1
Montana2
North Carolina4
New Jersey2
New Mexico1
Nevada1
New York3
Ohio2
Oklahoma1
Oregon1
Pennsylvania2
Rhode Island3
Texas3
Virginia4
Washington1
Total63

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