Securities & Insurance Licensing Association Foundation Inc

Nonprofit profile at a glance

EIN
453249908
IRS 990-EZ coverage
2012–2025
Forms available
Form 990-EZ 2025
Location
Zionsville, IN, USA
Phone
8662471284
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Adult, Continuing Education

Official website

Reported finances

Revenue
$94,205
Expenses
$82,171
Assets
$167,812
Liabilities
$4,299

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • NIKKI BROWN (PRESIDENT)
  • MARY ELLEN HAMMACK (EXECUTIVE DIRECTOR)

People named in this filing

  • NIKKI BROWN (PRESIDENT)
  • MARY ELLEN HAMMACK (EXECUTIVE DIRECTOR)
  • SHERRI L COLEMAN (TRUSTEE, SILA RELATIONS)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the sila foundation is to provide an education forum for the public. Educational content will cover financial services, specifically securities and/or insurance, and its purpose will be to develop and/or improve individuals' capabilities regarding financial services. Activities may include educational materials, courses, public discussion groups, forums, panels, lectures, personal career development, mentoring, job training, job fairs, or other programs as determined by the sila foundation board of trustees. These activities may be presented in the person or via the internet.

What it reported doing in 2025

The sila foundation certification education program offers line specific learning tracks in the field of insurance and securities licensing administration giving students the opportunity to focus their studies directly on a career related curriculum. The variety of courses selected from participating providers facilitates individual training tracks to accommodate the student's area of specialization of licensing administration.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 24
  • Transparency & Controls: 100
  • Sustainability: 52
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 21.6%; rating input score 22
  • Program expense ratio: 25.8%; rating input score 26

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 12.8%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 2.04; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 51.1%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -2.1% per year; rating input score 0; 42nd percentile among comparable filings
  • Revenue growth: 0.2% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: 4.4% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 21.6% of revenue deployed · 25.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $21K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 14 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 22/100.
  • High — Financial Efficiency: Program expense ratio scored 26/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.