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Securities & Insurance Licensing Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 262312607 ✦ Brownsburg, IN ✦ Designated as a 501(c)(6)

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Overview

What is Securities & Insurance Licensing Association?

The Securities & Insurance Licensing Association (SILA) is a nonprofit organization, with a base in Brownsburg, Indiana. Established with the objective of fostering an educational platform, SILA serves as a medium for the insurance licensing and securities registration industries to share information, best practices, and innovative solutions to common industry challenges. SILA offers a range of membership benefits, including access to the SILA Licensing Journal, Membership Directory, newsletters, resource center, and non-dues paying chapter meetings. The association also provides award recognitions to its members. In 2013, SILA introduced a new resource publication called the SILA Best Practices Handbook, offering industry practices to specific licensing and compliance topics. The organization's mission is to facilitate collaboration between industry and regulators, aiming to streamline and improve licensing and registration processes across the country. SILA currently has a team of 3 dedicated individuals.


Official website here: www.sila.org

Is Securities & Insurance Licensing Association legitimate?

Securities & Insurance Licensing Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Securities & Insurance Licensing Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $114,495
Professional Fundraising Fees: $0
Other Salaries and Wages: $92,379

For more financial information, click here


Official website here: www.sila.org

What is the mission statement of Securities & Insurance Licensing Association?

The Securities & Insurance Licensing Association (SILA) has a mission to serve as an educational platform, facilitating the exchange of information, best practices, and ideas among professionals in the insurance licensing and securities registration industries. This association aims to resolve common industry issues by providing a platform where industry members and regulators can collaborate, aiming to streamline and improve licensing and registration processes nationwide. SILA serves as a vital resource for fostering industry growth and ensuring compliance with regulatory standards.


Official website here: www.sila.org

Who is the CEO of Securities & Insurance Licensing Association?

Diana Capes is the Treasurer of Securities & Insurance Licensing Association.


Official website here: www.sila.org

What is the revenue of Securities & Insurance Licensing Association?

Securities & Insurance Licensing Association's revenue in 2022 was $909,747.


Official website here: www.sila.org

Who are the executives of Securities & Insurance Licensing Association and what are their salaries?

The average compensation at Securities & Insurance Licensing Association during 2022 was $68,958. There are 3 employees and 115 volunteers at Securities & Insurance Licensing Association.


Here are 19 key members and their salaries:


Heather Coulter (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Davidson (Education Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Swanstrom (Finra)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Willis (Nominations Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paula Sisneros (Vendor Relations Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nikki Brown (Membership Services)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorie Gasior (Regulatory Advisor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Mccartney (Sponsorship)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Halverson (Immediate Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margie Webber (Governance Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Ivey (President Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Rustad (Securities)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Karlinsky (Legal Advisor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Owen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherri Coleman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Capes (Executive Director)
  • Compensation: $124,575
  • Related: $0
  • Other: $1,437
Allister Yu (Communications Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Fabritz (Regulatory Securities Advisor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Baughman (Regulatory Advisor)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sila.org

Where can I find the form 990 for Securities & Insurance Licensing Association?

Securities & Insurance Licensing Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sila.org

Learn more at the official website: www.sila.org

Mission Statement of Securities & Insurance Licensing Association

The Securities & Insurance Licensing Association serves as an educational platform, bringing together professionals from the insurance licensing and securities registration industries. Its primary mission is to foster an environment where members can share information, best practices, and innovative ideas to tackle common industry challenges. By providing this forum, the association aims to streamline and enhance licensing and registration processes nationwide, bridging the gap between industry players and regulators. This collaborative approach allows for the collective resolution of industry-specific issues, ultimately benefiting both the professionals and the consumers they serve.

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Impact




October, 2024

The Securities & Insurance Licensing Association (SILA) plays a crucial role in enhancing the efficiency and effectiveness of the insurance licensing and securities registration industries. By providing a platform for professionals to exchange information, best practices, and innovative ideas, SILA fosters collaboration that addresses common challenges faced by industry stakeholders.

Through its various membership services, including the SILA Licensing Journal, newsletters, and the SILA Best Practices Handbook, the organization equips its members with valuable resources and updates. These tools facilitate the dissemination of knowledge related to licensing and compliance, promoting a deeper understanding of industry standards and regulatory requirements.

SILA's commitment to creating a space for dialogue between industry professionals and regulators contributes significantly to the streamlining of licensing and registration processes across the country. By bringing together these two groups, SILA helps to improve the regulatory landscape, ultimately enhancing compliance and reducing operational inefficiencies.

Overall, SILA's impact is reflected in its ability to empower its members with knowledge, foster community engagement, and promote continuous improvement within the industry. Through these efforts, SILA enhances the professionalism and integrity of the fields it serves, benefiting both the members and the broader financial community.




This information is meant to be a general summary of Securities & Insurance Licensing Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$909,747 (2022)
Expenses
$869,903 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,695
  • Program Service Revenue: $564,460
  • Gross Receipts: $909,747

Assets and Liabilities:

  • Total Assets: $1,844,452
  • Total Liabilities: $238,155
  • Net Assets: $1,606,297

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEETING REGISTRATION

Revenue

$413,660

SPONSERSHIPS

Revenue

$150,800

Organization Details

Founding Year

2008

Principal Officer

Diana Capes

Main Address

343 PREBSTER DR, BROWNSBURG, IN, 46112

NTEE Category

Code: S41 - Community improvement

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