2024-04-18T12:38:37-05:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 352377968 PROFESSIONAL LIFE ADVISORS NETWORK LTD PROF 6102209051 2820 SELWYN AVENUE 626 CHARLOTTE NC 28209 CAROL RANDO EXECUTIVE DIRECTOR 6102209051 2024-04-13 1 CAROL RANDO XXX-XX-XXXX 1 CAITLIN LIMOGES CPA P01633588 5083669100 2024-04-13 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z CAROL RANDO 2820 SELWYN AVENUE 626 CHARLOTTE NC 28209 599000 0 X WWW.PLANLIFEADVISORS.ORG X 2010 NC TO ENABLE AND ENCOURAGE A HIGH STANDARD OF PRACTICE IN THE LIFE INSURANCE INDUSTRY THROUGH TRAINING AND EDUCATION. 4 4 0 5 0 0 0 0 384500 599000 0 0 0 0 384500 599000 0 0 0 0 303350 316850 0 0 0 69719 78797 373069 395647 11431 203353 492918 696271 0 0 492918 696271 X PROFESSIONAL LIFE ADVISORS NETWORK, LTD. ("PLAN") IS AN INDEPENDENTORGANIZATION WHOSE AIM IS TO ENCOURAGE A HIGH STANDARD OF EXCELLENCEIN THE LIFE INSURANCE INDUSTRY. PLAN'S ACTIVITIES CONSIST OF WEEKLYWEBINARS AND BIANNUAL ON-SITE TRAINING PROGRAMS AIMED AT HELPING ITS MEMBERS BE MORE EFFECTIVE IN THEIR DAY-TO-DAY ACTIVITIES. 0 0 PROFESSIONAL LIFE ADVISORS NETWORK (PLAN) IS COMPRISED OF PROMINENTLIFE BROKERAGE AGENCIES ACROSS THE U.S. THAT ARE DEDICATED TO AND HAVEDEPTH OF EXPERIENCE IN ASSISTING FINANCIAL ADVISORS TO DEVELOP ANDEXECUTE THE LIFE INSURANCE PLANNING PORTION OF THEIR PRACTICE. PLAN ISSHARPLY FOCUSED ON PROVIDING SUPERIOR POINT-OF-SALE SUPPORT TO THEFINANCIAL ADVISORS WITHIN NATIONAL AND REGIONAL WIREHOUSES. PLAN IS ARECOGNIZED LEADER IN ASSISTING A FIRM'S FINANCIAL ADVISORS TO IDENTIFYLIFE INSURANCE NEEDS, DETERMINE SOLUTIONS, PROVIDE CASE DESIGN ANDSALES ASSISTANCE, AND COMPLETE THE BACKROOM REQUIREMENTS, THUS MAKINGLIFE INSURANCE SIMPLE AND, ULTIMATELY, ENHANCING AND SOLIDIFYINGCUSTOMER RELATIONSHIPS. PLAN CONTINUALLY CONDUCTS TRAINING AND EDUCATIONSESSIONS FOR MEMBERS OF ITS ORGANIZATION. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 0 0 X CAROL RANDO 6102209051 2820 SELWYN AVENUE SUITE 626 CHARLOTTE NC 28209 PETER GOODE PRESIDENT (UNTIL 10/2023) 0.50 X X 0 0 0 THOMAS BELLIG BOARD MEMBER 0.50 X 0 0 0 JAMES FARMER BOARD MEMBER 0.50 X 0 0 0 STEPHEN GRICE BOARD MEMBER 0.50 X 0 0 0 REX CRETELLA BOARD MEMBER (AS OF 10/2023) 0.50 X 0 0 0 CAROL RANDO EXECUTIVE DIRECTOR 30.00 X 316850 0 0 316850 0 0 1 0 1 0 CMR CONSULTING GROUP LLC 139 CHARLES STREET SUITE 398 BOSTON MA 02114 CONSULTING 316850 1 SPONSORSHIPS 900099 425000 425000 MEMBERSHIP DUES 900099 149000 149000 INITIATION FEES 900099 25000 25000 599000 599000 599000 0 0 316850 6862 22775 25200 1126 11667 4577 3154 MEALS AND ENTERTAINMENT 1704 CHARITABLE CONTRIBUTION 1000 DUES & SUBSCRIPTIONS 570 BANK SERVICE CHARGES 162 395647 435918 490771 57000 205500 492918 696271 0 0 X 492918 696271 492918 696271 492918 696271 203353 0 X 0 0 0 0 1 0 X 0 0 0 CAROL RANDO EXECUTIVE DIRECTOR 316850 0 0 0 0 0 0 0 0 0 316850 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO CLASSES OF MEMBERSHIP. BROKERAGE GENERAL AGENCIES ("BGA") THAT WISH TO BECOME MEMBERS OF PROFESSIONAL LIFE ADVISORS NETWORK, LTD ("PLAN") MUST APPLY TO PLAN'S EXECUTIVE DIRECTOR FOR MEMBERSHIP TO PLAN. PLAN'S EXECUTIVE DIRECTOR COLLECTS INFORMATION FROM BGA'S THAT DESIRE TO BECOME MEMBERS OF PLAN, INCLUDING INFORMATION ON WHY THE BGA IS INTERESTED IN BECOMING A MEMBER OF PLAN TO PLAN'S BOARD OF DIRECTORS. PLAN'S BOARD OF DIRECTORS THEN DECIDES, IN ITS DISCRETION, WHETHER THE BGA INTERESTED IN BECOMING A MEMBER OF PLAN SHOULD BE ADMITTED TO PLAN AS A MEMBER. PLAN PROUDLY HAS 30 BGA MEMBERS. A BGA, UPON BECOMING A MEMBER OF PLAN, PAYS AN INITIAL MEMBERSHIP FEE OF $7,500 AND THEREAFTER, A MEMBERSHIP FEE OF $1,000 PER QUARTER (OR $4,000 PER YEAR) TO MAINTAIN ITS STATUS AS A MEMBER OF PLAN. BGA'S HAVE VOTING RIGHTS WITH RESPECT TO PLAN AS SPECIFIED IN PLAN'S BY-LAWS AND UNDER THE LAWS OF THE STATE OF NORTH CAROLINA, PLAN'S STATE OF INCORPORATION. INSURANCE CARRIERS ARE ALSO MEMBERS OF PLAN. INSURANCE CARRIERS ARE REFERRED TO AS ASSOCIATE MEMBERS AND THEY HAVE NO VOTING RIGHTS WITH RESPECT TO PLAN. SIMILAR TO PLAN'S BGA MEMBERS, PLAN'S ASSOCIATE MEMBERS ARE VETTED THROUGH PLAN'S EXECUTIVE DIRECTORS AND BOARD OF DIRECTORS. ASSOCIATE MEMBERS PAY PLAN A MEMBERSHIP FEE OF $50,000 PER YEAR. IN EXCHANGE, PLAN'S ASSOCIATE MEMBERS ARE PERMITTED TO PARTICPATE IN PLAN'S WEEKLY CONFERENCE CALLS AND WEBINARS AND IN ITS BIANNUAL MEETINGS. PLAN'S ASSOCIATE MEMBERS USUALLY PARTICIPATE BY PROVIDING EDUCATIONAL SESSIONS TO PLAN'S BGA MEMBERS AND HAVE THE ABILITY TO INTERACT AND NETWORK WITH AND LEARN FROM ALL OF PLAN'S MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BROKERAGE GENERAL AGENCY ("BGA") MEMBERS OF THE ORGANIZATION ELECT THE BOARD OF DIRECTORS. MEMBERS OF THE BOARD OF DIRECTORS MUST BE MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER SHALL, AT EVERY MEETING, BE ENTITLED TO ONE VOTE IN PERSON OR BY PROXY UPON EACH SUBJECT PROPERLY SUBMITTED TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B PROFESSIONAL LIFE ADVISORS NETWORK, LTD ("PLAN")'S FORM 990 WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. A COPY OF PLAN'S FORM 990 WILL BE PROVIDED TO PLAN'S BOARD OF DIRECTORS PRIOR TO FILING THE FORM WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE DIRECTOR OF PLAN AND ITS BOARD OF DIRECTORS ARE CONTINUALLY MONITORING THE BUSINESS AND ARE ACTIVELY ENGAGED ON A DAILY BASIS. IF A POTENTIAL CONFLICT OF INTEREST IS IDENTIFIED OR REPORTED, THE EXECUTIVE DIRECTOR, IN CONJUNCTION WITH THE BOARD, REVIEWS THE SITUATION, GATHERS INFORMATION, PERFORMS AN INVESTIGATION, AND MAKES A DETERMINATION REGARDING WHETHER THERE IS A CONFLICT OF INTEREST, AND IF SO, THE ACTION TO BE TAKEN TO ADDRESS, MITIGATE, AND ELIMINATE THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD OF DIRECTORS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE AVAILABLE TO THE PUBLIC VIA THE NORTH CAROLINA DEPARTMENT OF THE SECRETARY OF STATE'S WEBSITE. FINANCIAL INFORMATION FOR THE ORGANIZATION IS MADE AVAILABLE TO THE PUBLIC VIA THIS FORM 990, AS THE ORGANIZATION DOES NOT OBTAIN AUDITED FINANCIAL STATEMENTS. THE ORGANIZATION'S FORM 990 IS ALSO AVAILABLE AS REQUESTED, IN COMPLIANCE WITH THE PUBLIC DISCLOSURE REQUIREMENTS OF SECTION 6104 OF THE INTERNAL REVENUE CODE.