Association Of Californlia Life And Health Insurance Companies
- Assets
- $4.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Sacramento, CA
- Founding
- 03/1965
- Data as of
- 12/2023
- EIN
- 94-6122439
Organization Overview
Association Of Californlia Life And Health Insurance Companies is located in Sacramento, CA. The organization was established in 1965. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2023, Association Of Californlia Life And Health Insurance Companies employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Californlia Life And Health Insurance Companies is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Association Of Californlia Life And Health Insurance Companies generated $2.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE INTEREST AND WELL-BEING OF THE LIFE AND HEALTH INSURANCE INDUSTRY BEFORE LEGISLATIVE AND ADMINISTRATIVE BODIES AND THROUGH EDUCATION AND ADVOCACY FOR ITS MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAINTAINED AN ACTIVE LEGISLATIVE AND ADMINISTRATIVE ADVOCACY PROGRAM FOR ISSUES THAT IMPACTED THE LIFE AND HEALTH INSURANCE INDUSTRY AND MEMBERS OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Shirikian President & CEO | Officer | 40 | $342,583 |
Stefanie Watkins Senior VP | 40 | $229,033 | |
Matthew Powers VP | 40 | $192,180 | |
Matthew Akin Legis. Advocate | 40 | $109,059 | |
Michael Hickey Director | Trustee | 2 | $0 |
Ted Kennedy Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Melissa M Manchester Management Llc Mgmt & Accounting | 12/30/23 | $157,500 |
Mchugh Koepke Padron Consultant-govt Relations | 12/30/23 | $157,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,000 |
| Total Program Service Revenue | $2,740,835 |
| Investment income | $4,996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,819,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $407,650 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $631,301 |
| Pension plan accruals and contributions | $62,946 |
| Other employee benefits | $136,548 |
| Payroll taxes | $66,251 |
| Fees for services: Management | $157,500 |
| Fees for services: Legal | $47,831 |
| Fees for services: Accounting | $44,539 |
| Fees for services: Lobbying | $157,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $225 |
| Advertising and promotion | $60,900 |
| Office expenses | $6,195 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $130,252 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,118 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $711 |
| Insurance | $6,514 |
| All other expenses | $31,394 |
| Total functional expenses | $2,567,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $619,000 |
| Savings and temporary cash investments | $3,068,082 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $189,600 |
| Net Land, buildings, and equipment | $887 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,066,268 |
| Total assets | $4,943,837 |
| Accounts payable and accrued expenses | $190,497 |
| Grants payable | $0 |
| Deferred revenue | $812,579 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,112,437 |
| Total liabilities | $2,115,513 |
| Net assets without donor restrictions | $2,828,324 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,943,837 |
Grants Awarded
Over the last fiscal year, Association Of Californlia Life And Health Insurance Companies has awarded $36,834 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CA LEG IRISH CAUCUS FNDT PURPOSE: GENERAL GRANT | $10,000 |
CA LEG LGBT FOUNDATION PURPOSE: GENERAL GRANT | $20,834 |
CCCSH PURPOSE: GENERAL GRANT | $6,000 |