Naifa - New Jersey Inc is located in Cedar Falls, IA. The organization was established in 1976. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naifa - New Jersey Inc 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, Naifa - New Jersey Inc generated $106.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $82.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROMOTE THE ADOPTION AND APPLICATION OF HIGHER STANDARDS OF ETHICAL CONDUCT IN THE PROFESSION OF LIFE INSURANCE UNDERWRITERS AND FINANCIAL ADVISORS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Anthes Ifapac | 1 | $0 | |
Paul Bacchioni Yat | 1 | $0 | |
Daniel Irizarry President | 2 | $0 | |
Bellaria Jimenez Past President | 2 | $0 | |
Michael Manginelli President Elect | 2 | $0 | |
David West VP Advocacy | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,010 |
| Membership dues | $104,380 |
| Investment income | $513 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,903 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $62,126 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,763 |
| Total expenses | $82,889 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $171,390 |
| Other assets | $0 |
| Total assets | $193,430 |
| Total liabilities | $50,000 |
| Net assets or fund balances | $143,430 |