Nonprofit · EIN 52-1727202
FINSECA FOUNDATION
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,191,460 | $1,087,060 | $104,400 | $3,519,945 | $368,379 | $3,151,566 |
| December 31, 2023 | 990 | $691,640 | $624,507 | $67,133 | $3,243,065 | $252,868 | $2,990,197 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $953,376
- Program service revenue
- $59,498
- Investment income
- $184,940
- Net gain from sales of assets
- $113,022
- Net income from fundraising events
- -$16,902
- Other revenue
- -$6,354
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,510
- Travel
- $13,770
- Program services (functional)
- $441,811
- Management and general (functional)
- $265,862
- Fundraising (functional)
- $379,387
Balance sheet and other
- Total assets, start of year
- $3,243,065
- Total assets, end of year
- $3,519,945
- Total liabilities, end of year
- $368,379
- Net assets, end of year
- $3,151,566
- Publicly traded securities
- $2,919,032
- Net assets without donor restrictions
- $2,381,566
- Net assets with donor restrictions
- $770,000
- Gross receipts
- $1,423,993
- Employees
- 0
- Volunteers
- 21
- Year formed
- 1990
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC CADIN | CEO Officer | 2 | $52,182 | $991,460 | $57,276 |
| BONNIE GODSMAN | PRESIDENT Officer | 4 | $61,522 | $553,697 | $34,930 |
| HOWARD SHARFMAN | CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JOHN BUCSEK | IMMEDIATE PAST CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| SAMUEL L TERRAZZINO | TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
| RYAN BECK | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| DAVIN BELL | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| JESSICA CICCARELLI | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| BRUCE DAVISON | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| JAMIE HEBETS | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| JAMES J PUCCI | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| MAURICE SPRINGER | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC CADIN | CHIEF EXECUTIVE OFFICER Officer | 2 | $51,628 | $980,932 | $36,561 |
| BONNIE GODSMAN | PRESIDENT Officer | 4 | $66,698 | $600,284 | $20,160 |
| HOWARD SHARFMAN | CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JOHN BUCSEK | IMMEDIATE PAST CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| SAMUEL L TERRAZZINO | TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
| RYAN BECK | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| DAVIN BELL | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| JESSICA CICCARELLI | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| BRUCE DAVISON | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| JAMIE HEBETS | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| JAMES J PUCCI | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| MAURICE SPRINGER | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1400 K STREET NW 625, WASHINGTON, DC 20005-2403
- Principal officer (990 for 2024)
- MARC CADIN, 1400 K STREET NW 625, WASHINGTON, DC 20005
- Signed the 990
- MARC CADIN, CEO
- Phone
- (703) 641-9400
- Website
- WWW.FINSECA.ORG/FOUNDATION/
- Return prepared by
- CBIZ ADVISORS LLC
Mission
THE MISSION OF FINSECA FOUNDATION IS TO ENCOURAGE EDUCATIONAL AND RESEARCH ENDEAVORS TO ADVANCE THE ART AND SCIENCE OF AGENCY MANAGEMENT IN LIFE INSURANCE AND RELATED FINANCIAL SERVICES.
Program accomplishments
- RESEARCH: FINSECA FOUNDATION CONDUCTS AND PROVIDES RESEARCH TO HELP FINANCIAL SECURITY PROFESSIONALS BETTER SERVE THE NEEDS OF AMERICAN CONSUMERS SEEKING TO ACHIEVE FINANCIAL SECURITY. THE FOUNDATION ALSO PROVIDES RESOURCES FOR AMERICANS TO BECOME MORE FINANCIALLY EMPOWERED CONSUMERS OF FINANCIAL PRODUCTS AND SERVICES. FINALLY, THE FOUNDATION IS ADVANCING AND CHAMPIONING THE NEXT GENERATION OF FINANCIAL SECURITY PROFESSIONALS BY IDENTIFYING TOP TALENT FROM DIVERSE COMMUNITIES.Expenses $441,811 · revenue $59,498
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
- 52-1727202
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20Z)
- Assets (IRS master file)
- $3,519,945
- Income (IRS master file)
- $1,423,993
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,191,460 | $1,087,060 | $3,519,945 | XML |
| 990 | December 2023 | $691,640 | $624,507 | $3,243,065 | XML |
| 990 | December 2022 | $681,465 | $733,480 | $2,907,709 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | August 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 52-1727202).
Questions about FINSECA FOUNDATION
- What is the EIN of FINSECA FOUNDATION?
- The employer identification number (EIN) of FINSECA FOUNDATION is 52-1727202.
- Is FINSECA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to FINSECA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FINSECA FOUNDATION 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 FOUNDATION 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 FOUNDATION 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 FOUNDATION?
- The 990 for the year ended December 31, 2024 names MARC CADIN.
- Who are the officers and directors of FINSECA FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 2 received compensation from the organization, the highest $52,182 (MARC CADIN, CEO).
- How much revenue does FINSECA FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,191,460, expenses of $1,087,060 and total assets of $3,519,945 at year end.
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