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Illinois Life Underwriters Foundation

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

EIN: 371368912 ✦ Springfield, IL ✦ Designated as a 501(c)(3)

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Overview

What is Illinois Life Underwriters Foundation?

The Illinois Life Underwriters Foundation, situated in Springfield, IL, is a charitable organization that plays a significant role in the financial and insurance sector. Its primary objective is to offer scholarships to students enrolled in colleges and universities within Illinois, who are pursuing careers related to these fields. Furthermore, the foundation supports qualified organizations that contribute to the advancement of life and health insurance studies and related financial services. Additionally, the foundation extends scholarship funds to individual members of their association, aiming to foster their professional growth and development.

Is Illinois Life Underwriters Foundation legitimate?

Illinois Life Underwriters Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Life Underwriters Foundation submitted a form 990EZ, 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.

What is the mission statement of Illinois Life Underwriters Foundation?

The Illinois Life Underwriters Foundation, in its mission, offers scholarships to students in Illinois who are pursuing careers in financial and insurance-related fields. The organization also supports qualifying organizations that advance the study of life and health insurance and related financial services. Furthermore, the foundation provides scholarship funds to individual members of the association for professional advancement and development. In essence, the foundation's mission is to promote education and career growth in the financial and insurance sectors, thereby contributing to the broader industry.

Who is the CEO of Illinois Life Underwriters Foundation?

Sara Decatoire is the Executive Director of Illinois Life Underwriters Foundation.

What is the revenue of Illinois Life Underwriters Foundation?

Illinois Life Underwriters Foundation's revenue in 2022 was $68.

Who are the executives of Illinois Life Underwriters Foundation and what are their salaries?


Here are 4 key members and their salaries:


Van Ewing (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Van Ham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Tan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Decatoire (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Illinois Life Underwriters Foundation?

Illinois Life Underwriters Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Illinois Life Underwriters Foundation

The Naifa Illinois Foundation is committed to supporting the educational pursuits of individuals interested in careers in financial and insurance-related fields. This nonprofit organization provides scholarship funds to colleges and universities across Illinois, fostering the study of life and health insurance and related financial services. Furthermore, the foundation extends its generosity to individual members of the association, offering scholarship funds for their professional advancement and development. By doing so, the Naifa Illinois Foundation plays a crucial role in nurturing the next generation of professionals in the financial and insurance sectors.

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Impact




October, 2024

The Illinois Life Underwriters Foundation enhances the future of financial and insurance industries by providing essential scholarships to students in Illinois who are pursuing careers in these fields. By funding educational opportunities at colleges and universities, the foundation cultivates a new generation of professionals equipped with the knowledge and skills necessary to thrive in life and health insurance sectors.

Additionally, the foundation supports qualifying organizations that advance the study of financial services, ensuring that industry knowledge continues to evolve and flourish. It also invests in the professional growth of association members through targeted scholarship funds, fostering continuous development and advancement within the field. Based in Springfield, IL, the foundation plays a critical role in promoting education and expertise in finance and insurance throughout the state.




This information is meant to be a general summary of Illinois Life Underwriters Foundation. 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
$68 (2022)
Expenses
$136 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $63
  • Gross Receipts: $68

Assets and Liabilities:

  • Total Assets: $35,008
  • Total Liabilities: $0
  • Net Assets: $35,008

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Organization Details

Principal Officer

Sara Decatoire

Main Address

PO BOX 13365, SPRINGFIELD, IL, 62791

NTEE Category

Code: B820 - Education

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