Nonprofit · EIN 35-2377968
PROFESSIONAL LIFE ADVISORS NETWORK LTD
Also known as PLAN
Tax-exempt · CHARLOTTE, NC 28209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $247,000 | $402,500 | -$155,500 | $540,272 | $0 | $540,272 |
| December 31, 2023 | 990 | $599,000 | $395,647 | $203,353 | $696,271 | $0 | $696,271 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $247,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $329,000
- Salaries, compensation and benefits (total)
- $329,000
- Professional fundraising fees
- $0
- Legal fees
- $1,054
- Accounting fees
- $23,800
- Travel
- $5,865
Balance sheet and other
- Total assets, start of year
- $696,271
- Total assets, end of year
- $540,272
- Total liabilities, end of year
- $0
- Net assets, end of year
- $540,272
- Net assets without donor restrictions
- $540,272
- Gross receipts
- $247,000
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2010
- State of legal domicile
- NC
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL RANDO | EXECUTIVE DIRECTOR Officer | 30 | $329,000 |
| THOMAS BELLIG | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JAMES FARMER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| REX CRETELLA | BOARD MEMBER Trustee or director | 0.5 | $0 |
| BRUCE MESNER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MICHAEL CIANCI | BOARD MEMBER Trustee or director | 0.5 | $0 |
| STEPHEN GRICE | BOARD MEMBER (RESIGNED IN 2024) Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL RANDO | EXECUTIVE DIRECTOR Officer | 30 | $316,850 |
| PETER GOODE | PRESIDENT (UNTIL 10/2023) Trustee or director, Officer | 0.5 | $0 |
| THOMAS BELLIG | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JAMES FARMER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| STEPHEN GRICE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| REX CRETELLA | BOARD MEMBER (AS OF 10/2023) Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 2820 SELWYN AVE STE 626, CHARLOTTE, NC 28209-2763
- In care of
- % CHRISTOPHER C SCARPA
- Principal officer (990 for 2024)
- CAROL RANDO, 2820 SELWYN AVENUE 626, CHARLOTTE, NC 28209
- Signed the 990
- CAROL RANDO, EXECUTIVE DIRECTOR
- Phone
- (610) 220-9051
- Website
- WWW.PLANLIFEADVISORS.ORG
- Return prepared by
- AAFCPAS INC
Mission
PROFESSIONAL LIFE ADVISORS NETWORK, LTD. ("PLAN") IS AN INDEPENDENTORGANIZATION WHOSE AIM IS TO ENCOURAGE A HIGH STANDARD OF EXCELLENCEIN THE LIFE INSURANCE INDUSTRY. PLAN'S ACTIVITIES CONSIST OF WEEKLYWEBINARS AND BIANNUAL ON-SITE TRAINING PROGRAMS AIMED AT HELPING ITS MEMBERS BE MORE EFFECTIVE IN THEIR DAY-TO-DAY ACTIVITIES.
Program accomplishments
- PROFESSIONAL LIFE ADVISORS NETWORK (PLAN) IS COMPRISED OF PROMINENTLIFE BROKERAGE AGENCIES ACROSS THE U.S. THAT ARE DEDICATED TO AND HAVEDEPTH OF EXPERIENCE IN ASSISTING FINANCIAL ADVISORS TO DEVELOP ANDEXECUTE THE LIFE INSURANCE PLANNING PORTION OF THEIR PRACTICE. PLAN ISSHARPLY FOCUSED ON PROVIDING SUPERIOR POINT-OF-SALE SUPPORT TO THEFINANCIAL ADVISORS WITHIN NATIONAL AND REGIONAL WIREHOUSES. PLAN IS ARECOGNIZED LEADER IN ASSISTING A FIRM'S FINANCIAL ADVISORS TO IDENTIFYLIFE INSURANCE NEEDS, DETERMINE SOLUTIONS, PROVIDE CASE DESIGN ANDSALES ASSISTANCE, AND COMPLETE THE BACKROOM REQUIREMENTS, THUS MAKINGLIFE INSURANCE SIMPLE AND, ULTIMATELY, ENHANCING AND SOLIDIFYINGCUSTOMER RELATIONSHIPS. PLAN CONTINUALLY CONDUCTS TRAINING AND EDUCATIONSESSIONS FOR MEMBERS OF ITS ORGANIZATION.
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 | Not 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
- 35-2377968
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $540,272
- Income (IRS master file)
- $247,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $247,000 | $402,500 | $540,272 | IRS |
| 990 | December 2023 | $599,000 | $395,647 | $696,271 | XML |
| 990 | December 2022 | $384,500 | $373,069 | $492,918 | 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 35-2377968).
Questions about PROFESSIONAL LIFE ADVISORS NETWORK LTD
- What is the EIN of PROFESSIONAL LIFE ADVISORS NETWORK LTD?
- The employer identification number (EIN) of PROFESSIONAL LIFE ADVISORS NETWORK LTD is 35-2377968.
- Is PROFESSIONAL LIFE ADVISORS NETWORK LTD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2013.
- Are donations to PROFESSIONAL LIFE ADVISORS NETWORK LTD tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PROFESSIONAL LIFE ADVISORS NETWORK LTD 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 PROFESSIONAL LIFE ADVISORS NETWORK LTD 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 PROFESSIONAL LIFE ADVISORS NETWORK LTD 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 PROFESSIONAL LIFE ADVISORS NETWORK LTD?
- The 990 for the year ended December 31, 2024 names CAROL RANDO.
- Who are the officers and directors of PROFESSIONAL LIFE ADVISORS NETWORK LTD?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $329,000 (CAROL RANDO, EXECUTIVE DIRECTOR).
- How much revenue does PROFESSIONAL LIFE ADVISORS NETWORK LTD have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $247,000, expenses of $402,500 and total assets of $540,272 at year end.
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