Nonprofit · EIN 27-3782503
COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS
Also known as CEFLI
Tax-exempt (reinstated) · BETHESDA, MD 20824
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,967,738 | $1,830,510 | $137,228 | $1,731,155 | $824,281 | $906,874 |
| December 31, 2023 | 990 | $1,863,056 | $1,925,546 | -$62,490 | $1,464,743 | $661,213 | $803,530 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,899,212
- Investment income
- $68,526
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $996,876
- Other salaries and wages
- $85,551
- Salaries, compensation and benefits (total)
- $1,301,393
- Professional fundraising fees
- $0
- Legal fees
- $5,904
- Travel
- $22,290
- Depreciation
- $7,044
Balance sheet and other
- Total assets, start of year
- $1,464,743
- Total assets, end of year
- $1,731,155
- Total liabilities, end of year
- $824,281
- Net assets, end of year
- $906,874
- Land, buildings and equipment
- $14,455
- Net assets without donor restrictions
- $906,874
- Gross receipts
- $1,967,738
- Employees
- 5
- Volunteers
- 21
- Year formed
- 2010
- State of legal domicile
- DE
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONALD WALTERS | PRESIDENT & CEO Officer | 40 | $403,386 | $69,013 |
| CARLA STRAUCH | SVP - COMPLIANCE & ETHICS Officer | 40 | $238,871 | $57,787 |
| DEIDRE KEIMACH | VP - COMPLIANCE & ETHICS Officer | 40 | $176,195 | $40,147 |
| NANCY PEREZ | EXEC ASST/OFFICE MGR Highest-paid employee | 40 | $106,931 | $31,022 |
| TIMOTHY BOLDEN | CHAIR (THRU 9/23/24) Trustee or director, Officer | 1 | $0 | $0 |
| MEGAN CLAYPOOL | CHAIR-ELECT Trustee or director | 1 | $0 | $0 |
| VICKIE BULGER | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHAD ESLINGER | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM GOLEMBIEWSKI | BOARD OF DIRECTOR (THRU 9/23/24) Trustee or director | 1 | $0 | $0 |
| CYNDI HALL | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGE HANLEY | BOARD OF DIRECTOR (THRU 9/23/24) Trustee or director | 1 | $0 | $0 |
| MAUREEN HENDERSON | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE KOSLOW | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARLA LACEY | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRADLEY LUCIDO | BOARD OF DIRECTOR (THRU 9/23/24) Trustee or director | 1 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES ODLAND | BOARD OF DIRECTOR (THRU 9/23/24) Trustee or director | 1 | $0 |
| TIMOTHY O'DRISCROLL | BOARD OF DIRECTOR Trustee or director | 1 | $0 |
| SHARON PACHECO | BOARD OF DIRECTOR Trustee or director | 1 | $0 |
| WAYNE SMILEY | BOARD OF DIRECTOR Trustee or director | 1 | $0 |
| NANCY SWEET | BOARD OF DIRECTOR Trustee or director | 1 | $0 |
| PETE ROCK | BOARD OF DIRECTOR Trustee or director | 1 | $0 |
| ERICH AXMACHER | BOARD OF DIRECTOR Trustee or director | 1 | $0 |
| SCOTT CREUTZMANN | BOARD OF DIRECTOR Trustee or director | 1 | $0 |
| CRAIG FRIEDMAN | BOARD OF DIRECTOR Trustee or director | 1 | $0 |
| KYLE JENNINGS | BOARD OF DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONALD WALTERS | PRESIDENT & CEO Officer | 40 | $392,984 | $101,896 |
| CARLA STRAUCH | SVP - COMPLIANCE & ETHICS Highest-paid employee | 40 | $231,032 | $92,991 |
| DEIDRE KEIMACH | VP - COMPLIANCE & ETHICS Highest-paid employee | 40 | $125,616 | $49,234 |
| NANCY PEREZ | EXEC ASST/OFFICE MGR Highest-paid employee | 40 | $102,584 | $52,962 |
| TIMOTHY BOLDEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MEGAN CLAYPOOL | CHAIR-ELECT Trustee or director | 1 | $0 | $0 |
| VICKIE BULGER | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHAD ESLINGER | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM GOLEMBIEWSKI | BOARD OF DIRECTOR (THRU 1/1/23) Trustee or director | 1 | $0 | $0 |
| CYNDI HALL | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGE HANLEY | BOARD OF DIRECTOR (THRU 9/22/23) Trustee or director | 1 | $0 | $0 |
| MAUREEN HENDERSON | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE KOSLOW | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARLA LACEY | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRADLEY LUCIDO | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES ODLAND | BOARD OF DIRECTOR (THRU 2/1/23) Trustee or director | 1 | $0 | $0 |
| TIMOTHY O'DRISCROLL | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARON PACHECO | BOARD OF DIRECTOR (1/1/23) Trustee or director | 1 | $0 | $0 |
| WAYNE SMILEY | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY SWEET | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETE ROCK | BOARD OF DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 30940, BETHESDA, MD 20824-0940
- Principal officer (990 for 2024)
- DONALD J WALTERS, PO BOX 30940, BETHESDA, MD 20824
- Signed the 990
- DONALD J WALTERS, PRESIDENT AND CEO
- Phone
- (240) 744-3027
- Website
- WWW.CEFLI.ORG
- Return prepared by
- RSM US LLP
Mission
TO SERVE THE NEEDS OF THE LIFE INSURANCE INDUSTRY'S COMPLIANCE AND ETHICS PROFESSIONALS
Program accomplishments
- ANNUAL CONFERENCE - CEFLI'S ANNUAL CONFERENCE IS DESIGNED TO BRING COMPLIANCE AND ETHICS PROFESSIONALS, INDUSTRY EXPERTS AND KEY STATE AND FEDERAL REGULATORS TOGETHER TO SHARE THEIR EXPERTISE, DEVELOP SOLUTIONS AND SHARE POTENTIAL LEADING PRACTICES ON THE ISSUES THEIR PEERS HAVE IDENTIFIED AS THE TOP COMPLIANCE AND ETHICS ISSUES FACING THE INDUSTRY.
- EDUCATION AND TRAINING - CEFLI CONDUCTS THE COMPLIANCE FUNDAMENTALS TRAINING PROGRAM TO PROVIDE EDUCATION AND TRAINING FOR COMPLIANCE PROFESSIONALS THAT MAY BE NEW TO THE LIFE INSURANCE INDUSTRY IN WHO MAY SEEK TO EXPAND THEIR PORTFOLIO OF COMPLIANCE SKILLS. CEFLI CONDUCTS AN ADVANCED COMPLIANCE FORUM FOR MORE EXPERIENCED COMPLIANCE PROFESSIONALS TO PROVIDE AN OPPORTUNITY TO EXPLORE SPECIFIC COMPLIANCE SUBJECT MATTERS IN A MORE IN-DEPTH MANNER USING A WORKSHOP FORMAT FOR FORUM ATTENDEES. CEFLI ALSO CONDUCTS A COMPLIANCE LEADERSHIP FORUM DESIGNED EXCLUSIVELY FOR COMPLIANCE PROFESSIONALS THAT ASPIRE TO BECOME COMPLIANCE LEADERS WITH A LIFE INSURANCE COMPANY. DURING THE TRAINING SESSION CURRENT CHIEF COMPLIANCE OFFICERS OF LIFE INSURANCE COMPANIES WILL REVIEW THE ISSUES AND SKILL SETS NECESSARY TO PERFORM EFFECTIVELY AS A COMPLIANCE LEADER WITH A LIFE INSURANCE COMPANY.
- CCO FORUM - IS AN ANNUAL EVENT FOR CHIEF COMPLIANCE OFFICERS (CCOS) OF MEMBER COMPANIES OF THE COMPLIANCE & ETHICS FORUM FOR LIFE INSURERS. THE FORUM ALLOWS CCOS TO CONNECT WITH THEIR PEERS TO DISCUSS CURRENT COMPLIANCE CHALLENGES AND BEST PRACTICES IN THE LIFE INSURANCE INDUSTRY.
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 | Not 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
- 27-3782503
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $1,731,155
- Income (IRS master file)
- $1,967,738
Revocation and reinstatement
- Exemption revoked
- May 15, 2013
- Posted by the IRS
- August 12, 2013
- Reinstated
- Effective May 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,967,738 | $1,830,510 | $1,731,155 | IRS |
| 990 | December 2023 | $1,863,056 | $1,925,546 | $1,464,743 | XML |
| 990 | December 2022 | $1,455,676 | $1,611,392 | $1,566,383 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 27-3782503).
Questions about COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS
- What is the EIN of COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS?
- The employer identification number (EIN) of COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS is 27-3782503.
- Is COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
- Are donations to COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS 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 COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS?
- The 990 for the year ended December 31, 2024 names DONALD J WALTERS.
- Who are the officers and directors of COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS?
- The 990 for the year ended December 31, 2024 lists 25 people; 4 received compensation from the organization, the highest $403,386 (DONALD WALTERS, PRESIDENT & CEO).
- How much revenue does COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,967,738, expenses of $1,830,510 and total assets of $1,731,155 at year end.
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