2024-10-31T12:52:32-05:00 2023-12-31 420714325 RSM US LLP 7351 OFFICE PARK PLACE MELBOURNE FL 329408229 990 2023-01-01 273782503 THE COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS COMP 2407443027 PO BOX 30940 BETHESDA MD 20824 DONALD J WALTERS PRESIDENT AND CEO 2407443027 2024-10-30 1 0 KELLI PECK P01423033 3217516200 2024-10-30 2023 2024-10-15 13:58:12Z DONALD J WALTERS PO BOX 30940 BETHESDA MD 20824 1863056 0 X WWW.CEFLI.ORG X 2010 DE TO PROVIDE A FORUM TO SERVE THE NEEDS OF THE LIFE INSURANCE INDUSTRY'S COMPLIANCE AND ETHICS PROFESSIONALS. 13 13 5 17 0 0 0 0 1455408 1842074 268 20982 0 0 1455676 1863056 0 0 0 0 1013934 1206200 0 0 0 597458 719346 1611392 1925546 -155716 -62490 1566383 1464743 700323 661213 866060 803530 X TO SERVE THE NEEDS OF THE LIFE INSURANCE INDUSTRY'S COMPLIANCE AND ETHICS PROFESSIONALS 0 0 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 AN ANNUAL 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. WEBINARS - CEFLI IS A RECOGNIZED INDUSTRY LEADER IN BRINGING TOGETHER REGULATORS AND INDUSTRY REPRESENTATIVES TO PROVIDE EDUCATION AND TRAINING WEBINARS FOR THE LIFE INSURANCE INDUSTRY'S COMPLIANCE AND ETHICS PROFESSIONALS. THESE EDUCATIONAL SESSIONS SERVE AS A USEFUL SUPPLEMENT TO LIFE-INSURANCE COMPANY PROFESSIONAL DEVELOPMENT PROGRAMS FOR COMPLIANCE AND ETHICS PROFESSIONALS. 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 5 1 0 0 0 0 1 1 0 0 0 X 13 13 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MD X DONALD WALTERS 2407443027 PO BOX 30940 BETHESDA MD 20824 TIMOTHY BOLDEN CHAIR 1.00 X X 0 0 0 MEGAN CLAYPOOL CHAIR-ELECT 1.00 X 0 0 0 VICKIE BULGER BOARD OF DIRECTOR 1.00 X 0 0 0 CHAD ESLINGER BOARD OF DIRECTOR 1.00 X 0 0 0 JIM GOLEMBIEWSKI BOARD OF DIRECTOR (THRU 1/1/23) 1.00 X 0 0 0 CYNDI HALL BOARD OF DIRECTOR 1.00 X 0 0 0 GEORGE HANLEY BOARD OF DIRECTOR (THRU 9/22/23) 1.00 X 0 0 0 MAUREEN HENDERSON BOARD OF DIRECTOR 1.00 X 0 0 0 STEVE KOSLOW BOARD OF DIRECTOR 1.00 X 0 0 0 MARLA LACEY BOARD OF DIRECTOR 1.00 X 0 0 0 BRADLEY LUCIDO BOARD OF DIRECTOR 1.00 X 0 0 0 JAMES ODLAND BOARD OF DIRECTOR (THRU 2/1/23) 1.00 X 0 0 0 TIMOTHY O'DRISCROLL BOARD OF DIRECTOR 1.00 X 0 0 0 SHARON PACHECO BOARD OF DIRECTOR (1/1/23) 1.00 X 0 0 0 WAYNE SMILEY BOARD OF DIRECTOR 1.00 X 0 0 0 NANCY SWEET BOARD OF DIRECTOR 1.00 X 0 0 0 PETE ROCK BOARD OF DIRECTOR 1.00 X 0 0 0 DONALD WALTERS PRESIDENT & CEO 40.00 X 392984 0 101896 CARLA STRAUCH SVP - COMPLIANCE & ETHICS 40.00 X 231032 0 92991 DEIDRE KEIMACH VP - COMPLIANCE & ETHICS 40.00 X 125616 0 49234 NANCY PEREZ EXEC ASST/OFFICE MGR 40.00 X 102584 0 52962 852216 0 297083 2 0 1 0 0 MEMBERSHIP DUES 900099 1627767 1627767 MEETINGS & CONFERENCES 900099 158187 158187 PROJECT REVENUES 900099 56120 56120 1842074 20982 20982 1863056 1842074 0 20982 498078 485213 76318 93834 52757 26295 89886 563 35888 40238 31341 416602 16444 20768 BOARD EXPENSES 33263 PUBLICATION EXP 3397 EQUIPMENT LEASE & MAINT 2149 MEMBERSHIP DUES 1472 1040 1925546 729888 577054 805970 820839 8744 18000 9050 39214 138498 128862 12731 9636 1566383 1464743 169942 214228 530381 446985 700323 661213 X 866060 803530 866060 803530 1566383 1464743 -62490 -40 0 X 0 0 0 1 1 0 42527 32891 9636 95971 95971 0 9636 X X 0 0 0 DONALD WALTERS PRESIDENT & CEO 320285 0 72699 0 0 0 49795 0 55300 0 498079 0 0 0 CARLA STRAUCH SVP - COMPLIANCE & ETHICS 190332 0 40700 0 0 0 41579 0 55149 0 327760 0 0 0 DEIDRE KEIMACH VP - COMPLIANCE & ETHICS 125616 0 0 0 0 0 22029 0 29104 0 176749 0 0 0 NANCY PEREZ EXEC ASST/OFFICE MGR 94814 0 7770 0 0 0 18082 0 37165 0 157831 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CEFLI SHALL HAVE THE FOLLOWING CLASSES OF MEMBERSHIP: FULL MEMBERSHIP - ANY LIFE INSURANCE COMPANY AUTHORIZED TO DO BUSINESS IN THE UNITED STATES MAY BECOME A FULL MEMBER OF CEFLI. A FULL MEMBER SHALL HAVE ONE VOTE ON ALL MATTERS THAT MAY BE PRESENTED TO THE MEMBERS OF CEFLI, INCLUDING THE ELECTION OF DIRECTORS. AFFILIATE MEMBERSHIP - ANY NON-LIFE INSURANCE COMPANY THAT CAN DEMONSTRATE A REASONABLE NEXUS TO LIFE INSURANCE COMPANY COMPLIANCE AND ETHICS ACTIVITIES MAY BECOME AN AFFILIATE MEMBER OF CEFLI. THERE ARE THREE TIERS OF AFFILIATE MEMBERSHIP: GOLD, SILVER AND BRONZE. AN AFFILIATE MEMBER WILL RECEIVE MEMBERSHIP BENEFITS BASED UPON ITS AFFILIATE MEMBERSHIP TIER. AN AFFILIATE MEMBER SHALL NOT HAVE THE RIGHT TO VOTE ON ANY MATTER THAT MAY BE PRESENTED TO THE MEMBERS OF CEFLI; HOWEVER, AFFILIATE MEMBERS ARE ELIGIBLE TO BE NOMINATED TO SERVE AS MEMBERS OF THE CEFLI BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS OF THE BOARD WILL BE ELECTED AT THE ANNUAL MEETING OF THE MEMBERS FOR A TERM OF THREE YEARS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE CEFLI BOARD OF DIRECTORS REVIEWS A DRAFT VERSION OF THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C SUBMISSION OF STATEMENTS OF POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 IN THE FIRST QUARTER OF THE YEAR FOLLOWING THE CLOSE OF THE BUSINESS YEAR THE EXECUTIVE COMMITTEE OF THE CEFLI BOARD OF DIRECTORS REVIEWS RECOMMENDATIONS OFFERED BY CEFLI MANAGEMENT FOR POSSIBLE ADJUSTMENTS TO SALARY AND POSSIBLE BONUS OPPORTUNITIES FOR CEFLI STAFF & PRESIDENT & CEO. WHEN OFFERING THESE RECOMMENDATIONS, WE ANALYZE EACH CEFLI STAFF POSITION VERSUS DATA PROVIDED BY THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES (ASAE) IN THEIR BIENNIAL SALARY AND COMPENSATION SURVEY FOR ALL ASSOCIATIONS. WE ANALYZE THIS INFORMATION TO DETERMINE COMPARABLE SALARY AND TOTAL COMPENSATION PRACTICES FOR SIMILAR POSITIONS WITH ASSOCIATIONS OF A SIMILAR SIZE AND SIMILAR INDUSTRY PROFILES LOCATED IN THE WASHINGTON, DC METROPOLITAN AREA. THE EXECUTIVE COMMITTEE REVIEWS THESE RECOMMENDATIONS AS WELL AS THE SUPPORTING DATA INDEPENDENTLY AS A COMMITTEE TO ARRIVE AT A DECISION CONCERNING WHETHER TO APPROVE THESE RECOMMENDATIONS OFFERED BY CEFLI MANAGEMENT. THE CHAIR OF THE CEFLI BOARD OF DIRECTORS (WHO ALSO SERVES AS CHAIR OF THE EXECUTIVE COMMITTEE) PROVIDES THE PRESIDENT & CEO WITH AN EMAIL TO CONFIRM THE ACTION OF THE EXECUTIVE COMMITTEE TO APPROVE (OR MODIFY) RECOMMENDATIONS FOR ADJUSTMENTS TO SALARY AND BONUS OPPORTUNITIES FOR CEFLI STAFF AND PRESIDENT & CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.