Alliance For Lifetime Income
- Assets
- $7.6m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 82-3782009
Organization Overview
Alliance For Lifetime Income is located in Washington, DC. The organization was established in 2019. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Alliance For Lifetime Income is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELP AMERICANS ADDRESS THE RISK OF OUTLIVING THEIR RETIREMENT INCOME, SO THEY CAN ENJOY THEIR RETIREMENT. CREATE AWARENESS FOR THE LOOMING RETIREMENT INCOME CRISIS IN AMERICA AND ADVANCE SOLUTIONS FOR THE 64% OF AMERICAN HOUSEHOLDS (80 MILLION) THAT ARE UNPROTECTED. EDUCATE AMERICANS ON HOW TO AVOID THE RISKS OF OUTLIVING THEIR SAVINGS, WITH PROTECTED LIFETIME INCOME FROM AN ANNUITY. SHIFT THE RETIREMENT PLANNING MINDSET FROM FOCUSING SOLELY ON ACCUMULATING SAVINGS TO ONE THAT INCLUDES PROTECTED INCOME. CREATE UNDERSTANDING FOR THE CRITICAL ROLE ANNUITIES PLAY IN A MODERN, COMPREHENSIVE RETIREMENT PORTFOLIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALLIANCE FOR LIFETIME INCOME ("THE ALLIANCE") IS A NONPROFIT 501(C)(6) ORGANIZATION FORMED AND SUPPORTED BY SOME OF THE NATION'S LEADING FINANCIAL SERVICES ORGANIZATIONS TO CREATE AWARENESS AND EDUCATE AMERICANS ABOUT THE IMPORTANCE OF PROTECTED LIFETIME INCOME. THE ALLIANCE IS FOCUSED ON HELPING TO EDUCATE AMERICANS ON THE RISK OF OUTLIVING THEIR INCOME SO THEY CAN ENJOY THEIR RETIREMENT LIVES. THE ALLIANCE PROVIDES CONSUMERS AND FINANCIAL ADVISORS WITH THE EDUCATIONAL RESOURCES, TOOLS, AND INSIGHTS THEY CAN USE TO BUILD PLANS FOR PROTECTED RETIREMENT INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Glass Co-Chair | OfficerTrustee | 1 | $0 |
Caroline Feeney Co-Chair | OfficerTrustee | 1 | $0 |
Eric Steigerwalt Co-Chair | OfficerTrustee | 1 | $0 |
Melissa Kivett Secretary | Officer | 5 | $0 |
Elizabeth Palmer Treasurer | Officer | 5 | $0 |
Jean Statler CEO | Officer | 45 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Campbell Ewald Detroit Advertising & Marketing | 12/30/21 | $9,706,455 |
Milliman Professional Services - Research | 12/30/21 | $607,063 |
Daniel Edelman Public Relations | 12/30/21 | $1,897,763 |
Statler Nagle Management Services | 12/30/21 | $1,409,265 |
Assemble Social Media | 12/30/21 | $1,337,689 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $19,869,000 |
| Investment income | $28,111 |
| 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 | $19,897,111 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $825,000 |
| Fees for services: Legal | $286,552 |
| Fees for services: Accounting | $185,713 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,251,516 |
| Fees for services: Other | $1,624,478 |
| Advertising and promotion | $12,118,099 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,399 |
| All other expenses | $110,471 |
| Total functional expenses | $20,192,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,619,918 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,619,918 |
| Accounts payable and accrued expenses | $1,285,528 |
| Grants payable | $0 |
| Deferred revenue | $5,155,085 |
| 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 | $0 |
| Total liabilities | $6,440,613 |
| Net assets without donor restrictions | $1,179,305 |
| 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 | $7,619,918 |
Peer Organizations
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|---|---|---|
Green Business Certification Inc Washington, DC | $85,505,548 | $44,270,395 |
Council Of Better Business Bureaus Inc Arlington, VA | $12,407,236 | $29,190,679 |
Alliance For Lifetime Income Washington, DC | $7,619,918 | $19,897,111 |
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