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Nonprofit · EIN 85-2061667

FINSECA PAC

Tax-exempt · WASHINGTON, DC 20005

Financials

$18.9M$20.3M2023$20.2M$17.9M2024
Revenue Expenses · by fiscal year end
Financials of FINSECA PAC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$20,164,644$17,899,038$2,265,606$5,942,880$5,688,349$254,531
December 31, 2023990$18,872,317$20,328,088-$1,455,771$6,567,681$8,193,155-$1,625,474
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,840,950
Program service revenue
$13,490,272
Investment income
$651,151
Royalties
$300
Net rental income
$181,961
Net gain from sales of assets
$549,342
Other revenue
$182,271

Expenses

Grants and similar amounts paid
$600,000
Compensation of officers, directors and key employees
$2,136,861
Other salaries and wages
$5,319,977
Salaries, compensation and benefits (total)
$8,656,001
Professional fundraising fees
$0
Legal fees
$79,539
Accounting fees
$240,046
Occupancy
$459,037
Travel
$671,897
Depreciation
$21,713

Balance sheet and other

Total assets, start of year
$6,567,681
Total assets, end of year
$5,942,880
Total liabilities, end of year
$5,688,349
Net assets, end of year
$254,531
Land, buildings and equipment
$443
Publicly traded securities
$2,219,652
Net assets without donor restrictions
$219,031
Net assets with donor restrictions
$35,500
Gross receipts
$20,164,644
Employees
59
Volunteers
36
Year formed
2020
State of legal domicile
DC

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARC CADINCEO
Officer
38$991,460$52,182$57,276
BONNIE GODSMANPRESIDENT
Officer
36$553,697$61,522$34,930
DAVID STERTZERFORMER SENIOR EXECUTIVE ADVISOR
Former
0$500,000$0$0
ARMSTRONG ROBINSONCHIEF ADVOCACY OFFICER - UNTIL 11/24
Officer
40$423,918$0$39,842
DANIEL LABERTPRES, BROKERAGE & EVP MBR EXP
Highest-paid employee
7.5$336,120$0$34,979
MARGUERITE SEIDELEVP, EXT. AFFAIRS AND CHIEF OF STAFF
Highest-paid employee
40$333,773$0$33,291
MELISSA BOVASVP, STATE AND PUBLIC AFFAIRS
Highest-paid employee
40$228,631$0$19,087
JENNIFER FOXVP, FEDERAL AFFAIRS
Highest-paid employee
40$230,629$0$12,894
ALEX KIMVP, POLICY
Highest-paid employee
40$211,871$0$22,991
KEVIN TORUNOCFO - UNTIL 02/24
Officer
40$38,070$0$4,026
MIKE JAMESCHAIR-ELECT - UNTIL 06/24, CHAIR
Trustee or director, Officer
3$0$0$0
RICK VAN BENSCHOTENCHAIR - UNTIL 06/24, IMMED. PAST CHAIR
Trustee or director, Officer
3$0$0$0
CHIP VAN DUSENSECRETARY - UNTIL 06/24, CHAIR-ELECT
Trustee or director, Officer
3$0$0$0
STEPHANIE RIVASDIRECTOR - UNTIL 06/24, SECRETARY
Trustee or director, Officer
3$0$0$0
JIM HEBETSTREASURER
Trustee or director, Officer
3$0$0$0
31 more people on this return
NameTitleHours / weekCompensation
ERIC NAISON-PHILLIPSDIRECTOR - UNTIL 06/24, VICE TREASURER
Trustee or director, Officer
3$0
EDWARD G DEUTSCHLANDERIMMED. PAST CHAIR
Trustee or director, Officer
3$0
LORRIE BALDEVIADIRECTOR
Trustee or director
1$0
KRISTI BARENSDIRECTOR - UNTIL 06/24
Trustee or director
1$0
DAPHNE BOYLEDIRECTOR
Trustee or director
1$0
TODD BUCHANANDIRECTOR
Trustee or director
1$0
MOIRA BUCKLEYDIRECTOR
Trustee or director
1$0
ROB CARNEYDIRECTOR - UNTIL 06/24
Trustee or director
1$0
LUIS CHIAPPYDIRECTOR - UNTIL 06/24
Trustee or director
1$0
CHRISTIE CORADODIRECTOR
Trustee or director
1$0
VINCE D'ADDONADIRECTOR - UNTIL 06/24
Trustee or director
1$0
BOB EICHLERDIRECTOR
Trustee or director
1$0
JOE GERGELYDIRECTOR
Trustee or director
1$0
JOHN GILBERTDIRECTOR
Trustee or director
1$0
JASON GROVERDIRECTOR
Trustee or director
1$0
MATTHEW HODSONDIRECTOR
Trustee or director
1$0
MICHELLE HUBERTDIRECTOR - UNTIL 06/24
Trustee or director
1$0
AMY JAMROGDIRECTOR
Trustee or director
1$0
TIM KLUSASDIRECTOR
Trustee or director
1$0
JASON LEADIRECTOR
Trustee or director
1$0
DON LIPPENCOTTDIRECTOR - UNTIL 06/24
Trustee or director
1$0
TIMOTHY MAGUIREDIRECTOR
Trustee or director
1$0
MIKE MARTINIDIRECTOR
Trustee or director
1$0
SHAUN MCDUFFEEDIRECTOR - UNTIL 06/24
Trustee or director
1$0
BRANDY MICKENSDIRECTOR
Trustee or director
1$0
CATHY NEIFELDDIRECTOR
Trustee or director
1$0
AMY SALODIRECTOR
Trustee or director
1$0
PHILIP SARNECKIDIRECTOR - UNTIL 06/24
Trustee or director
1$0
MIKE SCOVELDIRECTOR
Trustee or director
1$0
KEITH WAGNERDIRECTOR
Trustee or director
1$0
MISTY WELTZIENDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 44 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARC CADINCEO
Officer
38$980,932$51,628$36,561
BONNIE GODSMANPRESIDENT
Officer
36$600,284$66,698$20,160
DAVID STERTZERFORMER SENIOR EXECUTIVE ADVISOR
Former
0$500,000$0$0
SUZANNE JACOBSCOO - UNTIL 11/23
Officer
40$399,341$0$29,949
DANIEL LABERTPRES, BROKERAGE & EVP MBR EXP
Highest-paid employee
7.5$383,377$0$23,782
ARMSTRONG ROBINSONCHIEF ADVOCACY OFFICER
Officer
40$374,017$0$30,288
MARGUERITE SEIDELSVP, PUBLIC AFFAIRS & MKT
Highest-paid employee
40$279,746$0$20,172
JUDITH DURHAMCHIEF ADMINISTRATIVE OFFICER
Highest-paid employee
40$209,747$0$14,807
ALEX KIMVP, POLICY
Highest-paid employee
40$203,689$0$18,073
RICK VAN BENSCHOTENCHAIR - AS OF 06/23
Trustee or director, Officer
3$0$0$0
MIKE JAMESCHAIR-ELECT - AS OF 06/23
Trustee or director, Officer
3$0$0$0
CHIP VAN DUSENSECRETARY - AS OF 06/23
Trustee or director, Officer
3$0$0$0
JIM HEBETSTREASURER - AS OF 06/23
Trustee or director, Officer
3$0$0$0
BOB BACCIGALUPLITREASURER - UNTIL 05/23
Trustee or director, Officer
3$0$0$0
EDWARD G DEUTSCHLANDERIMMED. PAST CHAIR - AS OF 06/23
Trustee or director, Officer
3$0$0$0
JERI TURLEYIMMED. PAST CHAIR - UNTIL 05/23
Trustee or director, Officer
3$0$0$0
KRISTI ACREEDIRECTOR
Trustee or director
1$0$0$0
LORRIE BALDEVIADIRECTOR
Trustee or director
1$0$0$0
KRISTI BARENSDIRECTOR
Trustee or director
1$0$0$0
ROB CARNEYDIRECTOR
Trustee or director
1$0$0$0
LUIS CHIAPPYDIRECTOR
Trustee or director
1$0$0$0
CHRISTIE CORADODIRECTOR
Trustee or director
1$0$0$0
VINCE D'ADDONADIRECTOR
Trustee or director
1$0$0$0
BOB EICHLERDIRECTOR
Trustee or director
1$0$0$0
JOE GERGELYDIRECTOR
Trustee or director
1$0$0$0
JOHN GILBERTDIRECTOR
Trustee or director
1$0$0$0
JASON GROVERDIRECTOR
Trustee or director
1$0$0$0
LARRY HERMANDIRECTOR
Trustee or director
1$0$0$0
MATTHEW HODSONDIRECTOR
Trustee or director
1$0$0$0
MICHELLE HUBERTDIRECTOR
Trustee or director
1$0$0$0
AMY JAMROGDIRECTOR
Trustee or director
1$0$0$0
BELLARIA JIMENEZDIRECTOR
Trustee or director
1$0$0$0
JAMES JOYCEDIRECTOR
Trustee or director
1$0$0$0
TIM KLUSASDIRECTOR
Trustee or director
1$0$0$0
JASON LEADIRECTOR
Trustee or director
1$0$0$0
DON LIPPENCOTTDIRECTOR
Trustee or director
1$0$0$0
TIMOTHY MAGUIREDIRECTOR
Trustee or director
1$0$0$0
SHAUN MCDUFFEEDIRECTOR
Trustee or director
1$0$0$0
BRANDY MICKENSDIRECTOR
Trustee or director
1$0$0$0
ERIC NAISON-PHILLIPSDIRECTOR
Trustee or director
1$0$0$0
STEPHANIE RIVASDIRECTOR
Trustee or director
1$0$0$0
AMY SALODIRECTOR
Trustee or director
1$0$0$0
PHILIP SARNECKIDIRECTOR
Trustee or director
1$0$0$0
JR TOLANDDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
1400 K ST NW STE 625, WASHINGTON, DC 20005-2437
In care of
% AMANDA BICKLEY
Principal officer (990 for 2024)
MARC CADIN, 1400 K STREET NW 625, WASHINGTON, DC 20005
Signed the 990
MARC CADIN, CHIEF EXECUTIVE OFFICER
Phone
(703) 641-9400
Return prepared by
CBIZ ADVISORS LLC

Mission

THE MISSION OF FINSECA IS TO ADVOCATE FOR THE FINANCIAL SECURITY PROFESSION, DEVELOP AND GROW ITS LEADERS, AND PROMOTE THE NOBLE AND NECESSARY WORK OF ITS MEMBERS TO PROVIDE FINANCIAL AND RETIREMENT SECURITY FOR THE INDIVIDUALS, FAMILIES, AND BUSINESSES SERVED.

990 for the year ended December 31, 2024

Program accomplishments

  • MEMBER LEARNING AND EXPERIENCE: FINSECA PROVIDES MEETINGS TO KEEP INSURANCE PROFESSIONALS ON THE LEADING EDGE OF TRENDS AND SKILLS BY PROVIDING THEM WITH AN EDUCATION AND NETWORKING FOR PARTICIPANTS. FINSECA PROVIDES A FORUM FOR MEMBERS TO EXCHANGE INFORMATION AND AN OPPORTUNITY FOR MEMBERS TO PARTICIPATE IN PROFESSIONAL DEVELOPMENT ACTIVITIES. FINSECA PROVIDES NUMEROUS PRODUCTS AND PUBLICATIONS THAT ARE CREATED SPECIFICALLY TO FURTHER THE PROFESSIONAL DEVELOPMENT OF FIELD LEADERS IN INSURANCE AND FINANCIAL SERVICES. THESE PRODUCTS INCLUDE ONLINE ASSESSMENT TOOLS, AUDIOVISUAL PRODUCTS, AND A BOOK SERIES THAT PRESENT A BROAD COLLECTION OF PROVEN PRACTICES FROM VETERAN INDUSTRY LEADERS. FINSECA PROVIDES MEMBERS WITH PRACTICAL, APPLICATION-ORIENTED ARTICLES ON TOPICS SUCH AS RECRUITING, SELECTION, LEADERSHIP AND RETENTION.
  • ADVOCACY: THE MISSION OF FINSECA EFFORTS IN THE LEGISLATIVE AND REGULATORY AFFAIRS ARENA IS TO PROMOTE AND ADVOCATE FOR OUR MEMBERS, THEIR CLIENTS, AND THE BROADER INSURANCE COMMUNITY ON PUBLIC POLICY ISSUES ASSOCIATED WITH THE USE OF LIFE INSURANCE TO PROVIDE LONG-TERM SAVINGS, PROTECTION, AND FINANCIAL AND RETIREMENT SECURITY, IN THE INDIVIDUAL, FAMILY AND BUSINESS CONTEXT. MEMBERSHIP-RUN ISSUES COMMITTEES IN EACH OF THESE AREAS WORK IN CONJUNCTION WITH FINSECA STAFF AND COUNSEL TO MONITOR PUBLIC POLICY DEVELOPMENTS AND RECOMMEND POSITIONS AND ACTIONS UP THROUGH GOVERNMENT AFFAIRS COMMITTEE AND TO THE FINSECA BOARD THAT ARE DESIGNED TO ACHIEVE THE MOST FAVORABLE LEGISLATIVE AND REGULATORY RESULTS.EXAMPLES OF SPECIFIC LEGISLATIVE, REGULATORY AND PUBLIC AFFAIRS ISSUES UNDERTAKEN BY FINSECA INCLUDE MATTERS AFFECTING ESTATE PLANNING, DEFERRED COMPENSATION, BUSINESS USES OF LIFE INSURANCE, QUALIFIED PLANS, TAX TREATMENT AND REGULATION OF LIFE INSURANCE PRODUCTS AND PRODUCERS AND THE UNDERSTANDING OF LIFE INSURANCE BY CONGRESS AND THE GENERAL PUBLIC.
  • PUBLIC AFFAIRS AND MARKETING: FINSECA'S COMMUNICATION EFFORTS HELP RAISE INDUSTRY AWARENESS OF THE ORGANIZATION'S EFFORTS.
  • GLOBAL: CONSISTS OF MEMBERSHIP DUES, AWARDS, LICENSING FEES FOR PROGRAM SALES, AND EVENTS AND MEETINGS. PROVIDES MEMBERS WITH CUSTOMIZED BUSINESS AND LEADERSHIP SOLUTIONS THAT ARE CUTTING-EDGE AND DESIGNED TO HELP THEM, THEIR TEAM MEMBERS, AND THEIR BUSINESS TO OUTPERFORM ON A GLOBAL BASIS.
  • EVENTS: LEADERS AND MANAGERS PROGRAM (LAMP) AND ADVANCED MARKET SUMMIT. LAMP IS AN EVENT THAT FINSECA HOSTS IN THE EARLY SPRING EACH YEAR. THE EVENT ATTRACTS DOMESTIC AND GLOBAL FINANCIAL LEADERS. ATTENDEES HEAR FROM SEVERAL KEYNOTE SPEAKERS ON VARIOUS TOPICS SUCH AS LEADERSHIP MOTIVATION, AND EXPERTS IN THE FINANCIAL PROFESSION. ADVANCED MARKET SUMMIT IS AN EVENT HELD IN LATE SPRING EACH YEAR. THIS EVENT ATTRACTS TOP FINANCIAL ADVISORS WHO ATTEND THE EVENT TO HEAR FROM FELLOW HIGH PERFORMING ADVISORS, RESEARCH EXPERTS, AND SPEAKERS WHO PROVIDE EXPERT ANALYSIS ON FEDERAL AND STATE LEGISLATIVE AND REGULATORY MATTERS. IN CONJUNCTION WITH THE EVENT, FINSECA OFFERS A "DAY ON THE HILL" FOR ATTENDEES WHO WISH TO MEET WITH THEIR LEGISLATIVE REPRESENTATIVES.
  • ISSUES CAMPAIGN: FINSECA IS REQUIRED TO ELEVATE EFFORTS DUE TO SPECIFIC LEGISLATIVE AND REGULATORY THREATS AGAINST THE INDUSTRY. THESE ARE CLASSIFIED AS "ISSUES CAMPAIGN", I.E. DOL, TAX REFORM, ETC. INDIVIDUALS AND CORPORATE CONTRIBUTIONS ARE MADE TO SUPPORT CAMPAIGN MANAGEMENT, QUALITATIVE RESEARCH, POLLING, POLICY PARTNERSHIPS, EARNED MEDIA, ETC. TO MAXIMIZE THE PROFESSION'S IMPACT ON CAPITOL HILL TO ENSURE POLICY IS IN BENEFIT OF THE FINANCIAL SECURITY PROFESSIONAL. THE INDIVIDUAL AND CORPORATE PARTNERS ENGAGE IN ADVOCACY WORK, RECEIVE UNIQUE OPERATIONS INSIGHTS MONTHLY AND UNIQUE QUARTERLY PRINCIPALS CALLS, AND ARE RECOGNIZED THROUGH DIFFERENT EVENTS, WEBINARS, RESOURCES, ETC.
  • NAILBA: NAILBA IS FINSECA'S NEWEST COMMUNITY AND IS THE VOICE OF INDEPENDENT BROKERAGE DISTRIBUTION. THIS COMMUNITY PROMOTES RETIREMENT SECURITY AND CONSUMER CHOICE IN THE INSURANCE AND FINANCIAL SERVICES MARKETPLACE THROUGH THE USE OF INDEPENDENT WHOLESALE BROKERAGE DISTRIBUTION CHANNELS. NAILBA'S SERVICES AND BENEFITS INCLUDE NETWORKING, AN ANNUAL CONFERENCE, AND THE CASE MANAGER CERTIFICATION PROGRAM.
  • MEMBERSHIP AND ENGAGEMENT: THIS REPRESENTS THE COSTS OF PROVIDING BENEFITS TO PROMOTE AND RETAIN FINSECA MEMBERS.
  • CORPORATE PARTNERS: PROVIDE A CUSTOMIZED PACKAGE AND PROCESS FOR FIRMS, AGENCIES, AND CARRIERS TO REACH THE FINANCIAL SECURITY PROFESSIONALS. THERE ARE A VARIETY OF METHODS TO PROVIDE INFORMATION AND NETWORK WITH FINSECA'S VARIETY OF COMMUNITIES: EVENTS, EDUCATION PROGRAMS, ADVOCACY PROGRAMMING, DIGITAL COMMUNICATIONS, E-COMMUNICATIONS, WEBSITE, PUBLICATIONS AND WEBSITE.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-2061667
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,942,880
Income (IRS master file)
$20,164,644

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$20,164,644$17,899,038$5,942,880IRS
990December 2023$18,872,317$20,328,088$6,567,681XML
990December 2022$16,709,489$18,807,668$7,722,584IRS
990December 2021–––IRS
990December 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 85-2061667).

Questions about FINSECA PAC

What is the EIN of FINSECA PAC?
The employer identification number (EIN) of FINSECA PAC is 85-2061667.
Is FINSECA PAC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2021.
Are donations to FINSECA PAC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FINSECA PAC 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 FINSECA PAC 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 FINSECA PAC 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 FINSECA PAC?
The 990 for the year ended December 31, 2024 names MARC CADIN.
Who are the officers and directors of FINSECA PAC?
The 990 for the year ended December 31, 2024 lists 46 people; 10 received compensation from the organization, the highest $991,460 (MARC CADIN, CEO).
How much revenue does FINSECA PAC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $20,164,644, expenses of $17,899,038 and total assets of $5,942,880 at year end.

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