Nonprofit · EIN 11-6037615
SOCIETY OF INSURANCE FINANCIAL MANAGEMENT
Tax-exempt · CALDWELL, NJ 07006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $239,106 | $231,685 | $7,421 | $74,566 | $19,656 | $54,910 |
| December 31, 2024 | 990 | $215,603 | $231,420 | -$15,817 | $60,332 | $12,843 | $47,489 |
| December 31, 2023 | 990 | $202,669 | $207,899 | -$5,230 | $70,855 | $7,549 | $63,306 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $227,423
- Investment income
- $10
- Net income from fundraising events
- $11,360
- Other revenue
- $11,673
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,570
- Travel
- $1,498
Balance sheet and other
- Total assets, start of year
- $60,332
- Total assets, end of year
- $74,566
- Total liabilities, end of year
- $19,656
- Net assets, end of year
- $54,910
- Gross receipts
- $239,106
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1959
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Russell Sommers | Vice President Trustee or director, Officer | 5 | $0 |
| Yelena La Forgia | President Trustee or director, Officer | 6 | $0 |
| Dana D'Amelio | Board Member Trustee or director | 1 | $0 |
| Elaine Lehnert | Board Member Trustee or director | 2 | $0 |
| Florie Bourrel-Heleine | Board Member Trustee or director | 4 | $0 |
| John Swanick | Board Member Trustee or director | 1 | $0 |
| John Yoon | Board Member Trustee or director | 3 | $0 |
| Laurie Harris | Board Member Trustee or director | 1 | $0 |
| Lucy Lillycrop | Board Member Trustee or director | 2 | $0 |
| Matthew Tierney | Board Member Trustee or director | 1 | $0 |
| Michael Castelli | Board Member Trustee or director | 1 | $0 |
| Michele Landon | Board Member Trustee or director | 2 | $0 |
| Paul Mallen | Board Member Trustee or director | 1 | $0 |
| Sarah Sheldon | Board Member Trustee or director | 3 | $0 |
| Sean Egan | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| YELENA LAFORGIA | PRESIDENT Trustee or director, Officer | 1.25 | $0 |
| JAYME MALIMBAN | BOARD MEMBER Trustee or director | 0.25 | $0 |
| SEAN W EGAN | BOARD MEMBER Trustee or director | 0.25 | $0 |
| MICHAEL J CASTELLI | BOARD MEMBER Trustee or director | 0.25 | $0 |
| LAURIE L HARRIS | BOARD MEMBER Trustee or director | 0.25 | $0 |
| PAUL MALLEN | BOARD MEMBER Trustee or director | 0.25 | $0 |
| CHRISTOPHER MCNULTY | BOARD MEMBER Trustee or director | 0.25 | $0 |
| MATTHEW TIERNEY | BOARD MEMBER Trustee or director | 0.25 | $0 |
| JOHN YOON | BOARD MEMBER Trustee or director | 1.25 | $0 |
| ELAINE LEHNERT | BOARD MEMBER Trustee or director | 0.25 | $0 |
| SARAH SHELDON | BOARD MEMBER Trustee or director | 0.75 | $0 |
| RUSSEL SOMMERS | VICE PRESIDENT Trustee or director, Officer | 1.25 | $0 |
| DANA D'AMELIO | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN SWANICK | BOARD MEMBER Trustee or director | 0.75 | $0 |
| FLORIE BOURREL-HELEINE | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELE LANDON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| LUCY LILLYCORP | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| YELENA LAFORGIA | VICE PRESIDENT/TREASURER Trustee or director, Officer | 2 | $0 |
| JAYME MALIMBAN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SEAN W EGAN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MICHAEL J CASTELLI | BOARD MEMBER Trustee or director | 0.5 | $0 |
| GREGORY GIARDIELLO | BOARD MEMBER Trustee or director | 0.5 | $0 |
| LAURIE L HARRIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| PAUL MALLEN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CHRISTOPHER MCNULTY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MATTHEW TIERNEY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN YOON | PRESIDENT Trustee or director, Officer | 3.75 | $0 |
| ELAINE LEHNERT | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SARAH SHELDON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| RUSSEL SOMMERS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| WILLIAM BURKE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DANA D'AMELIO | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN SWANICK | EXECUTIVE VICE PRESIDENT Trustee or director, Officer | 1.25 | $0 |
Address and contacts
- Address (IRS master file)
- 61 MOUNTAIN AVE, CALDWELL, NJ 07006-5307
- Mailing address (990-N for 2014)
- 131 ALTA AVENUE, YONKERS NY 10701
- Principal officer (990 for 2025)
- YELENA LAFORGIA, 61 Mountain Avenue, CALDWELL, NJ 07006
- Principal officer (990-N for 2014)
- CAROLE ACUNTO, 131 ALTA AVENUE, YONKERS NY 10701
- Signed the 990
- YELENA LAFORGIA, PRESIDENT
- Phone
- (973) 303-6297
- Website
- SIFM.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
THE ORGANIZATION PROVIDES A FORUM FOR MEMBERS TO LEARN, SHARE AND UNDERSTAND RECENT DEVELOPMENTS IN INSURANCE AND REINSURANCE ACCOUNTING, FINANCIAL REPORTING, TAXATION, REGULATION AND INFORMATION TECHNOLOGY. IT IS A TRUSTED COMMUNITY OF FINANCIAL INSURANCE.
Program accomplishments
- SIFM RUNS 4 QUARTERLY CONFERENCES EACH YEAR. SIFM AFFORDS MEMBERS THE OPPORTUNITY TO LEARN ABOUT TOPICS THAT HAVE AN IMPACT ON THE INSURANCE SECTOR FOCUSING ON REGULATORY CHANGES AND TRENDS IN THE INSURANCE SECTOR.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-6037615
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $74,566
- Income (IRS master file)
- $239,106
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $239,106 | $231,685 | $74,566 | XML |
| 990 | December 2024 | $215,603 | $231,420 | $60,332 | XML |
| 990 | December 2023 | $202,669 | $207,899 | $70,855 | XML |
| 990 | December 2022 | $181,896 | $168,679 | $74,542 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: CAROLE ACUNTO | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-6037615).
Questions about SOCIETY OF INSURANCE FINANCIAL MANAGEMENT
- What is the EIN of SOCIETY OF INSURANCE FINANCIAL MANAGEMENT?
- The employer identification number (EIN) of SOCIETY OF INSURANCE FINANCIAL MANAGEMENT is 11-6037615.
- Is SOCIETY OF INSURANCE FINANCIAL MANAGEMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1961.
- Are donations to SOCIETY OF INSURANCE FINANCIAL MANAGEMENT tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOCIETY OF INSURANCE FINANCIAL MANAGEMENT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOCIETY OF INSURANCE FINANCIAL MANAGEMENT due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOCIETY OF INSURANCE FINANCIAL MANAGEMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SOCIETY OF INSURANCE FINANCIAL MANAGEMENT?
- The 990 for the year ended December 31, 2025 names YELENA LAFORGIA.
- Who are the officers and directors of SOCIETY OF INSURANCE FINANCIAL MANAGEMENT?
- The 990 for the year ended December 31, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does SOCIETY OF INSURANCE FINANCIAL MANAGEMENT have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $239,106, expenses of $231,685 and total assets of $74,566 at year end.
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