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Nonprofit · EIN 52-1912672

LIFE INSURANCE SETTLEMENT ASSOCIATION

Tax-exempt · WASHINGTON, DC 20036

Financials

$1.1M$1.1M2023$1.2M$910K2024$1.2M$1M2025
Revenue Expenses · by fiscal year end
Financials of LIFE INSURANCE SETTLEMENT ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,171,838$1,023,758$148,080$667,545$193,781$473,764
December 31, 2024990$1,243,447$909,978$333,469$584,854$259,170$325,684
December 31, 2023990$1,058,637$1,068,019-$9,382$468,749$476,534-$7,785
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,029,575
Investment income
$1,319
Other revenue
$140,944

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
$4,412
Accounting fees
$1,000
Travel
$15,899

Balance sheet and other

Total assets, start of year
$584,854
Total assets, end of year
$667,545
Total liabilities, end of year
$193,781
Net assets, end of year
$473,764
Net assets without donor restrictions
$473,764
Gross receipts
$1,171,838
Employees
0
Volunteers
9
Year formed
1994
State of legal domicile
FL

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.

NameTitleHours / weekCompensation
Rob HaynieCHAIR
Trustee or director, Officer
10$0
Nate McCormickVice Chair
Trustee or director, Officer
3$0
Christopher ConwaySecretary/Treas
Trustee or director, Officer
3$0
Neal JacobsPast Chair
Trustee or director, Officer
3$0
Samantha ButcherDirector
Trustee or director
3$0
John DallasDirector
Trustee or director
3$0
Sherry DuarteDirector
Trustee or director
3$0
Taylor GarveyDirector
Trustee or director
3$0
Clay GibsonDirector
Trustee or director
3$0
Courtney WassefDirector
Trustee or director
3$0
James WesterlindDirector
Trustee or director
3$0
John WelcomDirector
Trustee or director
3$0
Bryan NicholsonExecutive Dir.
Officer
50$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensation
John DallasCHAIR
Trustee or director, Officer
10$0
Neal JacobsVice Chair
Trustee or director, Officer
3$0
Christopher ConwaySecretary/Treas
Trustee or director, Officer
3$0
Sherry DuartePast Chair
Trustee or director, Officer
3$0
Brian T CaseyDirector
Trustee or director
3$0
Rob HaynieDirector
Trustee or director
3$0
Nate McCormickDirector
Trustee or director
3$0
Steven ShapiroDirector
Trustee or director
3$0
John WelcomDirector
Trustee or director
3$0
Bryan NicholsonExecutive Dir.
Officer
50$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
Sherry DuarteCHAIR
Trustee or director, Officer
10$0
John DallasVice Chair
Trustee or director, Officer
3$0
Christopher ConwaySecretary/Treas
Trustee or director, Officer
3$0
John WelcomPast Chair
Trustee or director, Officer
3$0
Brian T CaseyDirector
Trustee or director
3$0
Rob HaynieDirector
Trustee or director
3$0
Neal JacobsDirector
Trustee or director
3$0
Nate McCormickDirector
Trustee or director
3$0
Steven ShapiroDirector
Trustee or director
3$0
Bryan NicholsonExecutive Dir.
Officer
50$0

Address and contacts

Address (IRS master file)
1800 M ST NW STE 400S, WASHINGTON, DC 20036-5878
Signed the 990
Bryan Nicholson, Executive Dir.
Phone
(202) 580-6188
Website
LISA.ORG
Return prepared by
Barnes Givens & Barnes Ltd

Mission

TO ADVANCE THE HIGHEST STANDARDS OF PRACTICE AND PROFESSIONAL DEVELOPMENT FOR THE INDUSTRY, AND TO EDUCATE CONSUMERS AND ADVISORS ABOUT A LIFE SETTLEMENT AS AN ALTERNATIVE TO LAPSE OR SURRENDER OF A LIFE INSURANCE POLICY.

990 for the year ended December 31, 2025

Program accomplishments

  • MEETINGS, LEGISLATIVE UPDATES, AND PUBLICATIONS TO KEEP MEMBERS EDUCATED AND INFORMED WITH REGARD TO NEW LAWS AND REGULATIONS.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
52-1912672
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$667,545
Income (IRS master file)
$1,171,838

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,171,838$1,023,758$667,545XML
990December 2024$1,243,447$909,978$584,854XML
990December 2023$1,058,637$1,068,019$468,749XML
990December 2022$1,207,345$917,053$171,658IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2017–––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 52-1912672).

Questions about LIFE INSURANCE SETTLEMENT ASSOCIATION

What is the EIN of LIFE INSURANCE SETTLEMENT ASSOCIATION?
The employer identification number (EIN) of LIFE INSURANCE SETTLEMENT ASSOCIATION is 52-1912672.
Is LIFE INSURANCE SETTLEMENT ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1995.
Are donations to LIFE INSURANCE SETTLEMENT ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LIFE INSURANCE SETTLEMENT ASSOCIATION 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 LIFE INSURANCE SETTLEMENT ASSOCIATION 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 LIFE INSURANCE SETTLEMENT ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who are the officers and directors of LIFE INSURANCE SETTLEMENT ASSOCIATION?
The 990 for the year ended December 31, 2025 lists 13 people; 0 received compensation from the organization.
How much revenue does LIFE INSURANCE SETTLEMENT ASSOCIATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $1,171,838, expenses of $1,023,758 and total assets of $667,545 at year end.

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