TY 2019 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-1150

2019

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
NAIFA - GREATER WASHINGTON DC

Number and street (or P. O. box, if mail is not delivered to street address)600 STATE STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code CEDAR FALLS, IA50613

D Employer identification number

53-0246898

E Telephone number

(844) 717-2858

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? THE MISSION OF THE GREATER WASHINGTON ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS IS TO PROTECT AND ENHANCE THE LIVELIHOOD OF FINANCIAL PROFESSIONALS AND CONSUMERS THROUGH ADVOCACY AND EDUCATION OF INDUSTRY MATTERS, WHILE PROMOTING THE HIGHEST STANDARDS OF ETHICAL BEHAVIOR.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 NAIFA- GREATER WASHINGTON DC IS A PROFESSIONAL ORGANIZATION REPRESENTING INSURANCE AND FINANCIAL ADVISORS THROUGHOUT THE WASHINGTON DC AREA. IT IS A CHAPTER OF THE NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS. NAIFA-GWDC PROVIDES MEMBERS WITH EDUCATIONAL PROGRAMMING, NETWORKING OPPORTUNITIES, A NEWSLETTER, AND KEEPS THE MEMBERSHIP INFORMED ON ISSUES OF INTEREST TO INDUSTRY PROFESSIONALS. DURING THE YEAR, THE ORGANIZATION PROVIDED IN-HOUSE CONTINUING EDUCATION PROGRAMS, UPDATED NEWSLETTER PUBLISHED SIX TIMES DURING THE YEAR, AND PROVIDED PROFESSIONAL LEADERSHIP SPEAKERS TO THE GENERAL MEMBERSHIP AT THE ANNUAL MEETING. (Grants $ ) If this amount includes foreign grants, check here ...		28a
29 (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 (Grants $ ) If this amount includes foreign grants, check here ...		30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
BRIAN HANEY Past President	2.00	0
DANIEL ALTMIRE President	2.00	0
RYAN BUCK President Elect	2.00	0
MATTHEW GRACE NATL COMMITTEE	2.00	0
RICHARD JACOB Director	1.00	0
KENNETH J VAN VALKENBURGH Director	1.00	0
GAFFAR CHOWDHURY Director	1.00	0
NORMAN SCHERER Secretary/Treas	2.00	0
ROCK BROCKMAN Helping Hands	1.00	0
NATHAN MOORE Director	1.00	0
JAMES BROWN III Director	1.00	0
BROCK JOLLY SUCCESS SUMMIT	1.00	0

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
NONE

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation
NONE

Return Reference	Explanation
Other Revenue.1	ROYALTIES $255
Other Revenue.2	PUBLICATION/PRODUCT SALES $200
Other Revenue.3	ADVERTISING- CONVENTION $150
Other Expenses.1002	Office Expenses $47
Other Expenses.1005	Travel $2615
Other Expenses.1007	Conferences, Conventions, and Meetings $41253
Other Expenses.1012	Insurance $1559
Other Expenses.1	MEMBER SERVICES $16409
Other Expenses.2	GRANTS/SCHOLARSHIPS/DONATIONS $1980
Other Expenses.3	WEBSITE SUPPORT $1281
Other Expenses.4	MEMBERSHIP $1023
Other Expenses.5	TELEPHONE $318
Other Expenses.6	SUBS/LICENSE/USAGE FEES $156
Other Expenses.7	MERCHANT FEES $151
Other Expenses.8	BUSINESS LICENSE FEES $80
Other Assets.1005	Accounts Receivable - Beginning $27369 Accounts Receivable - Ending $13143
Other Assets.1	PREPAID EXPENSES - Beginning $14237 PREPAID EXPENSES - Ending $13148
Total Liabilities.1001	Accounts Payable and Accrued Expenses - Beginning $2127 Accounts Payable and Accrued Expenses - Ending $3472
Total Liabilities.1003	Deferred Revenue - Beginning $37365 Deferred Revenue - Ending $27972

Return Reference

Explanation

Other Revenue.1

ROYALTIES $255

Other Revenue.2

PUBLICATION/PRODUCT SALES $200

Other Revenue.3

ADVERTISING- CONVENTION $150

Other Expenses.1002

Office Expenses $47

Other Expenses.1005

Travel $2615

Other Expenses.1007

Conferences, Conventions, and Meetings $41253

Other Expenses.1012

Insurance $1559

Other Expenses.1

MEMBER SERVICES $16409

Other Expenses.2

GRANTS/SCHOLARSHIPS/DONATIONS $1980

Other Expenses.3

WEBSITE SUPPORT $1281

Other Expenses.4

MEMBERSHIP $1023

Other Expenses.5

TELEPHONE $318

Other Expenses.6

SUBS/LICENSE/USAGE FEES $156

Other Expenses.7

MERCHANT FEES $151

Other Expenses.8

BUSINESS LICENSE FEES $80

Other Assets.1005

Accounts Receivable - Beginning $27369 Accounts Receivable - Ending $13143

Other Assets.1

PREPAID EXPENSES - Beginning $14237 PREPAID EXPENSES - Ending $13148

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $2127 Accounts Payable and Accrued Expenses - Ending $3472

Total Liabilities.1003

Deferred Revenue - Beginning $37365 Deferred Revenue - Ending $27972

1	Contributions, gifts, grants, and similar amounts received ....................	1
2	Program service revenue including government fees and contracts ................	2	62,775
3	Membership dues and assessments .............................	3	39,364
4	Investment income ....................................	4	1,968
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ....................	8	605
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	104,712

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	152
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	76,995
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20	14,379
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	91,526

Sign Here

	Signature of officer	Date

	Type or print name and title

Software ID:	19009920
Software Version:	2019v5.0

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6

10	Grants and similar amounts paid (list in Schedule O) ................	10
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12
13	Professional fees and other payments to independent contractors ............	13	37,662
14	Occupancy, rent, utilities, and maintenance ...................	14
15	Printing, publications, postage, and shipping ...................	15	26
16	Other expenses (describe in Schedule O) ...................	16	66,872
17	Total expenses. Add lines 10 through 16 .................	17	104,560

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ........................
c	Total lobbying expenditures (add lines 1a and 1b) ............................................................
d	Other exempt purpose expenditures ...............................................................................
e	Total exempt purpose expenditures (add lines 1c and 1d) ..................................................
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................................................
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ...................................................................................................................	Yes No

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) Total

2a	Lobbying nontaxable amount

b	Lobbying ceiling amount (150% of line 2a, column(e))

c	Total lobbying expenditures

d	Grassroots nontaxable amount

e	Grassroots ceiling amount (150% of line 2d, column (e))

f	Grassroots lobbying expenditures