Life Settlement Institute
Nonprofit profile at a glance
- EIN
- 364487910
- IRS 990-EZ coverage
- 2012–2017
- Forms available
- Form 990 2011, Form 990-EZ 2017
- Location
- Alexandria, VA, USA
- Phone
- 3019512123
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $0
- Expenses
- $9,136
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- Bob Colacarro (Secretary)
- Elizabeth Day (Treasurer)
- Nate Evans (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Life Settlement Institute is a not-for-profit corporation dedicated to: Increasing awareness and knowledge of the life settlement industry on the part of financial planning professionals and advisors. Educating life insurance policy holders of the option of obtaining more value for their policy than otherwise would be available from the issuing life insurance carrier. Promoting the use of institutional financing in the life settlement industry. Supporting laws and regulations that foster the use of institutional financing thus preventing fraudulent or dishonest life settlement transactions.
What it reported doing in 2017
To promote the benefits of life settlement in the United States by creating, disseminating and organizing research and information on the life settlement industry. To educate and promote the life settlement industry to both state and federal legislature and to advocate the enactment of legislation and policies favorable to the life settlement industry.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 7
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -64.3% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -31.7% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2012 to 2017
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.