EIN 85-2061667

Finseca

IRS 501(c) type
501(c)(6)
Num. employees
63
Year formed
2020
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Finseca advocates for the financial security profession, grows its leaders, and promotes the important work of members who provide financial and retirement security to individuals, families, and businesses. It actively promotes and advocates for members, clients, and the broader insurance community on public policy issues related to life insurance. Members can attend meetings for education and networking opportunities. Finseca is a forum where members exchange information and share ideas.
Total revenues
$16,709,489
2022
Total expenses
$18,807,668
2022
Total assets
$7,722,584
2022
Num. employees
63
2022

Program areas at Finseca

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. Finseca publishes a quarterly magazine, "Finseca focus" that provides insights and thought leadership to help the financial security professionals understand the dynamics that drive consumer choices and the profession.
Communications and marketing: Finseca's communication efforts help raise industry awareness of the organization's efforts.
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.

Personnel at Finseca

NameTitleCompensation
Marc CadinChief Executive Officer$922,566
Victoria DwyerExecutive Assistant, CEO, and Board Liaison
Jacqueline AlfonsoExecutive Assistant, Chief Operating Officer
Suzy JacobsChief Operating Officer
Kevin TorunoChief Financial Officer
...and 39 more key personnel

Financials for Finseca

RevenuesFYE 12/2022
Total grants, contributions, etc.$5,510,208
Program services$11,248,761
Investment income and dividends$62,684
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-114,699
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,535
Total revenues$16,709,489

Form 990s for Finseca

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-10-06990View PDF
Data update history
January 23, 2024
Updated personnel
Identified 8 new personnel
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 2, 2024
Used new vendors
Identified 2 new vendors, including , and
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 10 new personnel
Nonprofit Types
Professional associationsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Business and industry
Characteristics
MembershipsPolitical advocacyOperates internationallyNational level
General information
Address
600 13th St NW 550
Washington, DC 20005
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
finseca.org/ 
Phone
(703) 641-9400
IRS details
EIN
85-2061667
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813920: Professional Associations
Parent/child status
Central organization
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