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Nonprofit · EIN 22-3048789

NORACS

Tax-exempt · PALM COAST, FL 32164

Financials

$22K$18K2024$17K$27K2025
Revenue Expenses · by fiscal year end
Financials of NORACS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$17,431$27,065-$9,634$14,923–$14,923
December 31, 2024990-EZ$22,460$18,352$4,108$24,557–$24,557
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$17,230
Program service revenue
$0
Other revenue
$201

Expenses

Compensation of officers, directors and key employees
$6,000
Salaries, compensation and benefits (total)
$6,000
Professional fees and payments to contractors
$906
Other expenses
$20,159

Balance sheet and other

Total assets, start of year
$24,557
Total assets, end of year
$14,923
Total liabilities, end of year
–
Net assets, end of year
$14,923
Cash, savings and investments
$14,923
Gross receipts
$17,431

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-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Jeanne MichaudSecretary5$6,000
990-EZ for the year ended December 31, 2024: 1 people
NameTitleHours / weekCompensation
Jeanne MichaudSecretary5$6,000

Address and contacts

Address (IRS master file)
57 WESTCEDAR LN, PALM COAST, FL 32164-7880
In care of
% JEANNE MICHAUD
Signed the 990-EZ
Jeanne, Michaud

Mission

NORACS is an organization of small actuarial consulting firms. NORACS serves in an educational function publishing newsletters articles and hosting meetings etc.

990-EZ for the year ended December 31, 2025

Program accomplishments

  • NORACS members meet twice a year to share best practices within our firms which are shared to assist each firm within the organization of ways to assist their employees and clients with new ideas and problems solving solutions.
  • Each firm in the organization writes articles on hot topics in the areas of retirement health and welfare benefits and insurance which are shared on our website and emailed to our clients.
  • Each firm shares information on each firms marketing strategies which are shared to enhance all firms of the organzation with new ideas for marketing.We also share information on best practices for IT security.

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
22-3048789
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1990
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$14,923
Income (IRS master file)
$17,431

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$17,431$27,065$14,923IRS
990-EZDecember 2024$22,460$18,352$24,557IRS
990-EZDecember 2023$22,460$24,936$20,449IRS
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about NORACS

What is the EIN of NORACS?
The employer identification number (EIN) of NORACS is 22-3048789.
Is NORACS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1990.
Are donations to NORACS tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NORACS file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of NORACS 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 NORACS last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who are the officers and directors of NORACS?
The 990-EZ for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $6,000 (Jeanne Michaud, Secretary).
How much revenue does NORACS have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $17,431, expenses of $27,065 and total assets of $14,923 at year end.

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