Nonprofit · EIN 54-1877987
NATIONAL ASSOCIATION FOR FIXED ANNUITIES
Tax-exempt · BROOKFIELD, WI 53005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,458,113 | $1,671,761 | $786,352 | $2,624,083 | $521,461 | $2,102,622 |
| December 31, 2024 | 990 | $2,022,057 | $1,813,607 | $208,450 | $1,995,983 | $679,713 | $1,316,270 |
| December 31, 2023 | 990 | $1,812,906 | $1,561,848 | $251,058 | $1,659,036 | $551,216 | $1,107,820 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,435,450
- Investment income
- $22,663
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $26,500
- Compensation of officers, directors and key employees
- $266,449
- Other salaries and wages
- $373,183
- Salaries, compensation and benefits (total)
- $726,362
- Professional fundraising fees
- $0
- Legal fees
- $14,245
- Accounting fees
- $41,200
- Occupancy
- $7,100
- Travel
- $116,073
- Program services (functional)
- $1,671,761
Balance sheet and other
- Total assets, start of year
- $1,995,983
- Total assets, end of year
- $2,624,083
- Total liabilities, end of year
- $521,461
- Net assets, end of year
- $2,102,622
- Net assets without donor restrictions
- $2,102,622
- Gross receipts
- $2,458,113
- Employees
- 4
- Volunteers
- 107
- Year formed
- 1998
- State of legal domicile
- WI
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 | Other / benefits |
|---|---|---|---|---|
| Charles DiVencenzo Jr | Executive Director Officer | 40 | $247,305 | $19,144 |
| Pamela Heinrich | Director of Legal Govt Affairs Highest-paid employee | 40 | $175,000 | $5,250 |
| Eric Taylor | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| David Wolfe | Immediate Past Chari Trustee or director | 2 | $0 | $0 |
| Andrew Payne | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Jay Brown | Director Trustee or director | 1 | $0 | $0 |
| Brian Peterson | Director Trustee or director | 1 | $0 | $0 |
| Branislav Nikolic | Director Trustee or director | 1 | $0 | $0 |
| Luke Loewen | Director Trustee or director | 1 | $0 | $0 |
| Paul Kruth | Director Trustee or director | 1 | $0 | $0 |
| Jamie Kosharek | Director Trustee or director | 1 | $0 | $0 |
| Matt Johnson | Director Trustee or director | 1 | $0 | $0 |
| Sarah Garrity | Director Trustee or director | 1 | $0 | $0 |
| Paul Garofoli | Director Trustee or director | 1 | $0 | $0 |
| Nicohle Schluender | Director Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jill Esser | Director Trustee or director | 1 | $0 |
| Emily Cramer | Treasurer Trustee or director, Officer | 2 | $0 |
| Tom Bumbolow | Director Trustee or director | 1 | $0 |
| Bryce Biklen | Director Trustee or director | 1 | $0 |
| Dan Acker | Secretary Trustee or director, Officer | 2 | $0 |
| Jason Gould | Director Trustee or director | 1 | $0 |
| Ann Raible | Director Trustee or director | 1 | $0 |
| Rocky Robbins | Director Trustee or director | 1 | $0 |
| Mike Tripses | Director Trustee or director | 1 | $0 |
| Emily Kresowik | Director Trustee or director | 1 | $0 |
| Mike Miller | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Charles DiVencenzo Jr | Executive Director Officer | 40 | $228,752 | $24,685 |
| Pamela Heinrich | Director of Legal Govt Affairs Highest-paid employee | 40 | $148,785 | $25,012 |
| Kevin Mechtley | Past Chair Trustee or director, Officer | 2 | $0 | $0 |
| David Wolfe | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Andrew Payne | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Jay Brown | Director Trustee or director | 1 | $0 | $0 |
| Brian Peterson | Director Trustee or director | 1 | $0 | $0 |
| Branislav Nikolic | Director Trustee or director | 1 | $0 | $0 |
| Luke Loewen | Director Trustee or director | 1 | $0 | $0 |
| Ryan Lex | Director Trustee or director | 1 | $0 | $0 |
| Paul Kruth | Director Trustee or director | 1 | $0 | $0 |
| Jamie Kosharek | Director Trustee or director | 1 | $0 | $0 |
| Matt Johnson | Director Trustee or director | 1 | $0 | $0 |
| Sarah Garrity | Director Trustee or director | 1 | $0 | $0 |
| Jeff Barnes | Director Trustee or director | 1 | $0 | $0 |
| Paul Garofoli | Director Trustee or director | 1 | $0 | $0 |
| Tad Fifer | Director Trustee or director | 1 | $0 | $0 |
| Jill Esser | Director Trustee or director | 1 | $0 | $0 |
| Emily Cramer | Director Trustee or director | 1 | $0 | $0 |
| Eric Taylor | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Tom Bumbolow | Director Trustee or director | 1 | $0 | $0 |
| Bryce Biklen | Director Trustee or director | 1 | $0 | $0 |
| Dan Acker | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Jason Gould | Director Trustee or director | 1 | $0 | $0 |
| Anne Raible | Director Trustee or director | 1 | $0 | $0 |
| Rocky Robbins | Director Trustee or director | 1 | $0 | $0 |
| Mike Tripses | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Charles DiVencenzo Jr | Executive Director Officer | 40 | $223,630 | $9,255 |
| Pamela Heinrich | Director of Legal Govt Affairs Highest-paid employee | 40 | $138,183 | $27,950 |
| Heather Kane | Past Chair Trustee or director, Officer | 2 | $0 | $0 |
| Mike Morrone | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Kevin Mechtley | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| David Wolfe | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Andrew Payne | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Jay Brown | Director Trustee or director | 1 | $0 | $0 |
| Tad Fifer | Director Trustee or director | 1 | $0 | $0 |
| Wes Gilbreath | Director Trustee or director | 1 | $0 | $0 |
| Maureen James | Director Trustee or director | 1 | $0 | $0 |
| Brendon Kelly | Director Trustee or director | 1 | $0 | $0 |
| Jason Gould | Director Trustee or director | 1 | $0 | $0 |
| Paul Kruth | Director Trustee or director | 1 | $0 | $0 |
| Ryan Lex | Director Trustee or director | 1 | $0 | $0 |
| Dan Acker | Director Trustee or director | 1 | $0 | $0 |
| Darcy Matz | Director Trustee or director | 1 | $0 | $0 |
| Jeff Barnes | Director Trustee or director | 1 | $0 | $0 |
| Brian Peterson | Director Trustee or director | 1 | $0 | $0 |
| Janet Sipes | Director Trustee or director | 1 | $0 | $0 |
| Tiya Stanley | Director Trustee or director | 1 | $0 | $0 |
| Matt Johnson | Director Trustee or director | 1 | $0 | $0 |
| Eric Taylor | Director Trustee or director | 1 | $0 | $0 |
| Emily Cramer | Director Trustee or director | 1 | $0 | $0 |
| Mike Tripses | Director Trustee or director | 1 | $0 | $0 |
| Mark Williams | Director Trustee or director | 1 | $0 | $0 |
| Luke Loewen | Director Trustee or director | 1 | $0 | $0 |
| Igor Zamkovsky | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 13400 BISHOPS LN STE 120, BROOKFIELD, WI 53005-6254
- In care of
- % KIM OBRIEN
- Principal officer (990 for 2025)
- Emily Cramer, 1155 F Street NW Suite 1050, Washington, DC 20004
- Signed the 990
- Emily Cramer, Treasurer
- Phone
- (414) 332-9306
- Website
- www.nafa.com
- Return prepared by
- O'Leary & Anick
Mission
NAFA is exclusively dedicated to promoting the awareness and understanding of fixed income and deferred annuities through the education of policymakers, journalists, consumers, and the industry.
Program accomplishments
- EDUCATION/PROMOTION - NAFA participates in promoting June as National Annuity Awareness Month by contributing content to AnnuRetirement.com, promotional material in trade publications, solicitation of state Governors for proclamations and holds one of its two annual conferences during June focused on the use of annuities in retirement planning. Monthly webinars are produced to education industry professionals on fixed annuities and fixed indexed annuities. Additionally, whitepapers, toolkits and media responses were developed and were distributed to enhance the understanding of, and compliance with, the use of annuities in retirement portfolios. NAFA works with CapCity Advocates to assist in educating and informing federal regulators, legislators and policymakers about fixed annuities and their role in financial planning increase awareness of NAFA and its mission. NAFA works with other trade associations in activities on both the state and federal level that further our mission and the number of Americans who own a fixed annuity.Expenses $1,175,438 · revenue $1,421,250
- CONFERENCES - NAFA held the Annuity Leadership Forum in Washington DC and the Annuity Distribution Summit in Savannah GA in 2025. Both conferences were designed to educate and inform attendees about fixed annuities and compliance with regulations and legislation governing fixed annuities. The events provided innovative and forward-thinking presentations by thought leaders in the industry and the business community. Both conferences resulted in net revenue gains to the association.Expenses $496,323 · grants $26,500 · revenue $1,014,200
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
- 54-1877987
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,624,083
- Income (IRS master file)
- $2,458,113
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,458,113 | $1,671,761 | $2,624,083 | XML |
| 990 | December 2024 | $2,022,057 | $1,813,607 | $1,995,983 | XML |
| 990 | December 2023 | $1,812,906 | $1,561,848 | $1,659,036 | XML |
| 990 | December 2022 | $1,421,840 | $1,233,780 | $1,430,503 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 54-1877987).
Questions about NATIONAL ASSOCIATION FOR FIXED ANNUITIES
- What is the EIN of NATIONAL ASSOCIATION FOR FIXED ANNUITIES?
- The employer identification number (EIN) of NATIONAL ASSOCIATION FOR FIXED ANNUITIES is 54-1877987.
- Is NATIONAL ASSOCIATION FOR FIXED ANNUITIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1998.
- Are donations to NATIONAL ASSOCIATION FOR FIXED ANNUITIES tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NATIONAL ASSOCIATION FOR FIXED ANNUITIES 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 NATIONAL ASSOCIATION FOR FIXED ANNUITIES 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 NATIONAL ASSOCIATION FOR FIXED ANNUITIES 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 NATIONAL ASSOCIATION FOR FIXED ANNUITIES?
- The 990 for the year ended December 31, 2025 names Emily Cramer.
- Who are the officers and directors of NATIONAL ASSOCIATION FOR FIXED ANNUITIES?
- The 990 for the year ended December 31, 2025 lists 26 people; 2 received compensation from the organization, the highest $247,305 (Charles DiVencenzo Jr, Executive Director).
- How much revenue does NATIONAL ASSOCIATION FOR FIXED ANNUITIES have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,458,113, expenses of $1,671,761 and total assets of $2,624,083 at year end.
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