Nonprofit · EIN 20-8769162
INSTITUTIONAL LONGEVTY MARKETS ASSOCIATION INC
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $224,295 | $233,721 | -$9,426 | $162,173 | $81,998 | $80,175 |
| December 31, 2024 | 990 | $229,096 | $233,350 | -$4,254 | $169,601 | $80,000 | $89,601 |
| December 31, 2023 | 990 | $303,919 | $275,989 | $27,930 | $204,475 | $110,620 | $93,855 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $216,500
- Membership dues
- $216,500
- Program service revenue
- $7,795
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $81,625
- Accounting fees
- $5,850
- Travel
- $195
Balance sheet and other
- Total assets, start of year
- $169,601
- Total assets, end of year
- $162,173
- Total liabilities, end of year
- $81,998
- Net assets, end of year
- $80,175
- Gross receipts
- $224,295
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2007
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHANA MURRAY | DIRECTOR Trustee or director | 0 | $0 |
| ROBERT BOCKRATH | DIRECTOR Trustee or director | 0 | $0 |
| WILLIAM CORRY | DIRECTOR Trustee or director | 0 | $0 |
| SCOTT CROHN | DIRECTOR Trustee or director | 0 | $0 |
| JONAS MARTENSON | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHANA MURRAY | director Trustee or director | 0 | $0 |
| JOHN KELLY | MANAGING DIRECTOR Trustee or director, Officer | 0 | $0 |
| PHILIP HALL | director Trustee or director | 0 | $0 |
| NATE MCCORMICK | DIREctor Trustee or director | 0 | $0 |
| ROBERT BOCKRATH | DIRECTOR Trustee or director | 0 | $0 |
| WILLIAM CORRY | CHAIRMAN Trustee or director | 0 | $0 |
| SCOTT CROHN | DIRECTOR Trustee or director | 0 | $0 |
| JONAS MARTENSON | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHANA MURRAY | director Trustee or director | 0 | $0 |
| JOHN KELLY | MANAGING DIRECTOR Trustee or director, Officer | 0 | $0 |
| PHILIP HALL | director Trustee or director | 0 | $0 |
| NATE MCCORMICK | DIREctor Trustee or director | 0 | $0 |
| ROBERT BOCKRATH | DIRECTOR Trustee or director | 0 | $0 |
| WILLIAM CORRY | CHAIRMAN Trustee or director | 0 | $0 |
| SCOTT CROHN | DIRECTOR Trustee or director | 0 | $0 |
| JONAS MARTENSON | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 818 CONNECTICUT AVE NW SUITE FL 7, WASHINGTON, DC 20006-2702
- In care of
- % THE ORGANIZATION
- Principal officer (990 for 2025)
- JOHN A KELLY, 818 Connecticut Ave NW FL 7, Washington, DC 20006
- Signed the 990
- JOHN A KELLY, MANAGING DIRECTOR
- Phone
- (202) 552-2788
- Return prepared by
- Andersen Tax LLC
Mission
THE ORGANIZATION'S MISSION IS TO EXPAND AND APPLY CAPITAL MARKET SOLUTIONS IN LIFE INSURANCE, EDUCATE CONSUMERS THAT THEIR INSURANCE MAY BE A VALUABLE ASSET, EXPAND CONSUMER CHOICES ABOUT HOW TO MANAGE IT, AND SUPPORT THE RESPONSIBLE GROWTH AND REGULATION OF THE INDUSTRY.
Program accomplishments
- MEETINGS TO DISCUSS REGULATORY ISSUES. ILMA MEETS REGULARLY TO DISCUSS EXISTING AND PROPOSED REGULATORY ISSUES IN CONNECTION WITH THE LONGEVITY AND MORTALITY MARKETPLACE. REGULATORY ISSUES INCLUDE STATE AND FEDERAL LEGISLATION, PROPOSED MODEL ACTS AND RELATED MATERIALS. THESE MEETINGS ARE HELD TO FURTHER ILMA'S STATED ORGANIZATIONAL PURPOSE OF EDUCATING MARKET PARTICIPANTS ON REGULATORY DEVELOPMENTS AFFECTING THE BUSINESSES OF LIFE SETTLEMENTS. APPROXIMATELY FIFTY PERCENT (50%) OF ILMA'S TIME IS SPENT PARTICIPATING IN THESE MEETINGS. THE MEETINGS TAKE PLACE MONTHLY AND ALL ILMA MEMBERS ARE INVITED TO ATTEND.
- DEVELOPMENT OF FORM DOCUMENTATION. ILMA HAS CREATED A "LEGAL AND REGULATORY MATTERS" SUBCOMMITTEE. AMONG OTHER THINGS, THIS SUBCOMMITTEE SEEKS TO INCREASE TRANSPARENCY AND DISCLOSURE IN TRANSACTION DOCUMENTS. SUBCOMMITTEE WORK PRODUCT WILL BE SUBMITTED TO ILMA'S BOARD OF DIRECTORS FOR FINAL APPROVAL. APPROXIMATELY TWENTY-FIVE PERCENT (25%) OF ILMA'S TIME IS SPENT ON THE DEVELOPMENT OF FORM DOCUMENTATION. THE SUBCOMMITTEE MEETS MONTHLY AND ALL ILMA MEMBERS ARE INVITED TO ATTEND.
- THE ILMA CONFERENCE IS A ONE-DAY EVENT WITH AN INVESTMENT FOCUS AND IN-DEPTH COVERAGE OF THE LONGEVITY MARKET. THE TOPICS DISCUSSED ARE LIFE SETTLEMENTS, GLOBAL PENSION PLANS, INSURANCE RESERVES AND REVERSE MORTGAGES AS ALTERNATIVE INVESTMENTS. THERE ARE AN ESTIMATED 90 ATTENDEES ANNUALLY. APPROXIMATELY TWENTY PERCENT (20%) OF ILMA'S TIME IS SPENT ON THE PLANNING OF THE CONFERENCE.
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
- 20-8769162
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $162,173
- Income (IRS master file)
- $224,295
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $224,295 | $233,721 | $162,173 | XML |
| 990 | December 2024 | $229,096 | $233,350 | $169,601 | XML |
| 990 | December 2023 | $303,919 | $275,989 | $204,475 | XML |
| 990 | December 2022 | $218,702 | $311,473 | $165,925 | 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 20-8769162).
Questions about INSTITUTIONAL LONGEVTY MARKETS ASSOCIATION INC
- What is the EIN of INSTITUTIONAL LONGEVTY MARKETS ASSOCIATION INC?
- The employer identification number (EIN) of INSTITUTIONAL LONGEVTY MARKETS ASSOCIATION INC is 20-8769162.
- Is INSTITUTIONAL LONGEVTY MARKETS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2007.
- Are donations to INSTITUTIONAL LONGEVTY MARKETS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INSTITUTIONAL LONGEVTY MARKETS ASSOCIATION INC 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 INSTITUTIONAL LONGEVTY MARKETS ASSOCIATION INC 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 INSTITUTIONAL LONGEVTY MARKETS ASSOCIATION INC 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 INSTITUTIONAL LONGEVTY MARKETS ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 names JOHN A KELLY.
- Who are the officers and directors of INSTITUTIONAL LONGEVTY MARKETS ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does INSTITUTIONAL LONGEVTY MARKETS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $224,295, expenses of $233,721 and total assets of $162,173 at year end.
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