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Life Insurance Settlement Association

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$1.24M (2024)

Expenses
$910k (2024)

Total Assets
$585k (2024)

Total Liabilities
$259k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,243,447
Expenses
$909,978
Net Income
$333,469
Net Assets
$325,684
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,033,077
83.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $210,370
16.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $584,854
Total Liabilities $259,170
Net Assets $325,684
Compensation
Key Employees and Officers Compensation Related Other
John Dallas (Chair) $0 $0 $0
Neal Jacobs (Vice Chair) $0 $0 $0
Christopher Conway (Secretary/Treas) $0 $0 $0
Sherry Duarte (Past Chair) $0 $0 $0
Brian T Casey (Director) $0 $0 $0
Rob Haynie (Director) $0 $0 $0
Nate Mc Cormick (Director) $0 $0 $0
Steven Shapiro (Director) $0 $0 $0
John Welcom (Director) $0 $0 $0
Bryan Nicholson (Executive Dir.) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,058,637
Expenses
$1,068,019
Net Income
-$9,382
Net Assets
-$7,785
Notable Sources of Revenue Percent of Total Revenue
Contributions $59,100
5.6%
Program Services $999,537
94.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $468,749
Total Liabilities $476,534
Net Assets -$7,785
Compensation
Key Employees and Officers Compensation Related Other
Sherry Duarte (Chair) $0 $0 $0
John Dallas (Vice Chair) $0 $0 $0
Christopher Conway (Secretary/Treas) $0 $0 $0
John Welcom (Past Chair) $0 $0 $0
Brian T Casey (Director) $0 $0 $0
Rob Haynie (Director) $0 $0 $0
Neal Jacobs (Director) $0 $0 $0
Nate Mc Cormick (Director) $0 $0 $0
Steven Shapiro (Director) $0 $0 $0
Bryan Nicholson (Executive Dir.) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,207,345
Expenses
$917,053
Net Income
$290,292
Net Assets
$1,597
Notable Sources of Revenue Percent of Total Revenue
Contributions $88,000
7.3%
Program Services $1,032,348
85.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $86,997
7.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $171,658
Total Liabilities $170,061
Net Assets $1,597
Compensation
Key Employees and Officers Compensation Related Other
John Welcom (Chair) $0 $0 $0
Sherry Duarte (Vice Chair) $0 $0 $0
Christopher Conway (Secretary/Treas) $0 $0 $0
Steven Shapiro (Past Chair) $0 $0 $0
Brian T Casey (Director) $0 $0 $0
John Dallas (Director) $0 $0 $0
Rob Haynie (Director) $0 $0 $0
Neal Jacobs (Director) $0 $0 $0
Stephen Kirkwood (Director) $0 $0 $0
Bryan Nicholson (Executive Dir.) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,189,367
Expenses
$1,254,358
Net Income
-$64,991
Net Assets
-$288,695
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,650
1.7%
Program Services $1,156,413
97.2%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,303
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $298,199
Total Liabilities $586,894
Net Assets -$288,695
Compensation
Key Employees and Officers Compensation Related Other
John Welcom (Chair) $0 $0 $0
Sherry Duarte (Vice Chair) $0 $0 $0
Christopher Conway (Secretary/Treas) $0 $0 $0
Steven Shapiro (Past Chair) $0 $0 $0
Brian T Casey (Director) $0 $0 $0
John Dallas (Director) $0 $0 $0
Rob Haynie (Director) $0 $0 $0
Neal Jacobs (Director) $0 $0 $0
Stephen Kirkwood (Director) $0 $0 $0
Bryan Nicholson (Executive Dir.) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,188,908
Expenses
$1,204,448
Net Income
-$15,540
Net Assets
-$223,704
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,500
2.9%
Program Services $1,150,721
96.8%
Investment Income $187
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,500
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $160,994
Total Liabilities $384,698
Net Assets -$223,704
Compensation
Key Employees and Officers Compensation Related Other
Steven Shapiro (Chair) $0 $0 $0
John Welcom (Vice Chair) $0 $0 $0
Brian T Casey (Secretary/Treas) $0 $0 $0
Christopher Conway (Past Chair) $0 $0 $0
John Dallas (Director) $0 $0 $0
Sherry Duarte (Director) $0 $0 $0
Rob Haynie (Director) $0 $0 $0
Neal Jacobs (Director) $0 $0 $0
Stephen Kirkwood (Director) $0 $0 $0
Bryan Nicholson (Executive Dir.) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,298,110
Expenses
$1,477,441
Net Income
-$179,331
Net Assets
-$208,165
Notable Sources of Revenue Percent of Total Revenue
Contributions $55,500
4.3%
Program Services $1,241,839
95.7%
Investment Income $35
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $736
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $149,360
10.1%
Assets/Debt
Total Assets $101,604
Total Liabilities $309,769
Net Assets -$208,165
Compensation
Key Employees and Officers Compensation Related Other
Chris Conway (Chair) $0 $0 $0
Steven Shapiro (Vice Chair) $0 $0 $0
Brian T Casey (Secretary/Treas) $0 $0 $0
Alan Buerger (Director) $0 $0 $0
John Dallas (Director) $0 $0 $0
Rob Haynie (Director) $0 $0 $0
Stephen Kirkwood (Director) $0 $0 $0
John Mc Farland (Director) $0 $0 $0
John Welcom (Director) $0 $0 $0
Bryan Nicholson (Executive Dir.) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,286,918
Expenses
$1,341,044
Net Income
-$54,126
Net Assets
-$28,834
Notable Sources of Revenue Percent of Total Revenue
Contributions $588,674
45.7%
Program Services $603,582
46.9%
Investment Income $18
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $94,644
7.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $177,975
13.3%
Professional Fundraising Fees $0
Other Salaries and Wages $208,325
15.5%
Assets/Debt
Total Assets $151,801
Total Liabilities $180,635
Net Assets -$28,834

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,333,993
Expenses
$1,388,054
Net Income
-$54,061
Net Assets
$25,292
Notable Sources of Revenue Percent of Total Revenue
Contributions $581,513
43.6%
Program Services $750,748
56.3%
Investment Income $20
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,712
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $182,283
13.1%
Professional Fundraising Fees $0
Other Salaries and Wages $294,349
21.2%
Assets/Debt
Total Assets $209,992
Total Liabilities $184,700
Net Assets $25,292
Compensation
Key Employees and Officers Compensation Related Other
Darwin Bayston (President And Ceo) $175,000 $0 $7,283
James Maxson (Chairman) $0 $0 $0
John Welcom (Board Member) $0 $0 $0
Sheri Townsend (Vice Chairman) $0 $0 $0
Cynthia Poveda (Board Member) $0 $0 $0
Alan Buerger (Board Member) $0 $0 $0
Vince Granieri (Treasurer) $0 $0 $0
Dan Young (Board Member) $0 $0 $0
John Mcfarland (Secretary) $0 $0 $0
John Dallas (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,273,220
Expenses
$1,256,505
Net Income
$16,715
Net Assets
$79,353
Notable Sources of Revenue Percent of Total Revenue
Contributions $552,502
43.4%
Program Services $720,716
56.6%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $182,283
14.5%
Professional Fundraising Fees $0
Other Salaries and Wages $265,853
21.2%
Assets/Debt
Total Assets $297,532
Total Liabilities $218,179
Net Assets $79,353
Compensation
Key Employees and Officers Compensation Related Other
Darwin Bayston (President And Ceo) $175,000 $0 $7,283
James Maxson (Secretary) $0 $0 $0
John Welcom (Board Member) $0 $0 $0
Sheri Townsend (Board Member) $0 $0 $0
Michael Freedman (Vice Chairman) $0 $0 $0
Cynthia Poveda (Chairman) $0 $0 $0
Phil Loy (Treasurer) $0 $0 $0
Alan Buerger (Board Member) $0 $0 $0
Vince Granieri (Board Member) $0 $0 $0
Dan Young (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,189,655
Expenses
$1,084,689
Net Income
$104,966
Net Assets
$62,638
Notable Sources of Revenue Percent of Total Revenue
Contributions $550,652
46.3%
Program Services $639,003
53.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $182,284
16.8%
Professional Fundraising Fees $0
Other Salaries and Wages $226,921
20.9%
Assets/Debt
Total Assets $167,020
Total Liabilities $104,382
Net Assets $62,638
Compensation
Key Employees and Officers Compensation Related Other
Darwin Bayston (President And Ceo) $175,000 $0 $7,284
James Maxson (Secretary) $0 $0 $0
John Welcom (Board Member) $0 $0 $0
Sheri Townsend (Board Member) $0 $0 $0
Michael Freedman (Vice Chairman) $0 $0 $0
Cynthia Poveda (Chairman) $0 $0 $0
Phil Loy (Treasurer) $0 $0 $0
Alan Buerger (Board Member) $0 $0 $0
Vince Granieri (Board Member) $0 $0 $0
Dan Young (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,019,919
Expenses
$1,094,574
Net Income
-$74,655
Net Assets
-$42,328
Notable Sources of Revenue Percent of Total Revenue
Contributions $547,146
53.6%
Program Services $472,707
46.3%
Investment Income $66
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $182,284
16.7%
Professional Fundraising Fees $0
Other Salaries and Wages $225,384
20.6%
Assets/Debt
Total Assets $70,213
Total Liabilities $112,541
Net Assets -$42,328
Compensation
Key Employees and Officers Compensation Related Other
Darwin Bayston (Executive Director) $175,000 $0 $7,284
Vince Granieri (Secretary) $0 $0 $0
Rob Haynie (Board Member) $0 $0 $0
Sheri Townsend (Board Member) $0 $0 $0
James Maxson (Board Member) $0 $0 $0
Cynthia Poveda (Vice Chairman) $0 $0 $0
Alan Buerger (Chairman) $0 $0 $0
Phil Loy (Treasurer) $0 $0 $0
John Welcom (Board Member) $0 $0 $0
Michael Freedman (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$947,393
Expenses
$940,159
Net Income
$7,234
Net Assets
$32,327
Notable Sources of Revenue Percent of Total Revenue
Contributions $542,069
57.2%
Program Services $405,111
42.8%
Investment Income $54
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $159
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $199,014
21.2%
Professional Fundraising Fees $0
Other Salaries and Wages $191,795
20.4%
Assets/Debt
Total Assets $108,847
Total Liabilities $76,520
Net Assets $32,327
Compensation
Key Employees and Officers Compensation Related Other
Darwin Bayston (Executive Director) $191,731 $0 $7,283
Nate Evans (Vice Chairman) $0 $0 $0
Vince Granieri (Board Member) $0 $0 $0
Mike Fasano (Board Member) $0 $0 $0
Rob Haynie (Board Member) $0 $0 $0
Sheni Townsend (Board Member) $0 $0 $0
Jim Maxson (Board Member) $0 $0 $0
Cyndi Poveda (Board Member) $0 $0 $0
Alan Buerger (Chairman) $0 $0 $0
Paul Siegert (Board Member) $0 $0 $0
Phil Loy (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,078,998
Expenses
$1,022,798
Net Income
$56,200
Net Assets
$25,093
Notable Sources of Revenue Percent of Total Revenue
Contributions $592,283
54.9%
Program Services $485,313
45.0%
Investment Income $115
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,287
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $182,283
17.8%
Professional Fundraising Fees $0
Other Salaries and Wages $236,216
23.1%
Assets/Debt
Total Assets $94,666
Total Liabilities $69,573
Net Assets $25,093

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,204,462
Expenses
$1,145,104
Net Income
$59,358
Net Assets
-$31,107
Notable Sources of Revenue Percent of Total Revenue
Contributions $711,905
59.1%
Program Services $490,252
40.7%
Investment Income $482
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,823
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $202,464
17.7%
Professional Fundraising Fees $0
Other Salaries and Wages $211,991
18.5%
Assets/Debt
Total Assets $104,586
Total Liabilities $135,693
Net Assets -$31,107

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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