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ASSN OF ALABAMA LIFE INS COMPANIES

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Tax-exempt status may be revoked

ASSN OF ALABAMA LIFE INS COMPANIES

EIN 63-6054487 · Chambers of Commerce & Business Leagues (S41)

What they do

to ENCOURAGE and IMPROVE THE BUSINESS of LIFE INSURANCE to FOSTER THE DISCUSSION and DISSEMINATION of INFORMATION WITH RESPECT to SUCH BUSINESS to PRESERVE and PROMOTE ETHICAL STANDARDS IN THE CONDUCT of SUCH BUSINESS to PROMOTE FREE COMPETITION IN THE LIFE INSURANCE BUSINESS and to PREVENT MONOPOLIES or TRUSTS IN THE CONDUCT of THE LIFE INSURANCE INDUSTRY IN THE STATE of ALABAMA. to ESTABLISH GOOD FELLOWSHIP and THE INTERCHANGE of BUSINESS AMONG ITS MEMBERS ALL of THE ASSOCIATIONS ACTIVITIES FURTHER THE ASSOCIATIONS EXEMPT PURPOSE BY CONTRIBUTING to THE EFFICIENT OPERATION of THE MEMBERS BUSINESS and BY PROMOTING ETHICAL STANDARDS and COMPETITION IN THE INDUSTRY, WHICH BENEFITS CONSUMERS. THE ASSOCIATIONS ACTIVITIES WERE INITIATED IN 1955 and ARE CONDUCTED BY THE OFFICERS, BOARD MEMBERS, and THE ASSOCIATIONS MEMBERSHIP.

Before you give

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$75.31spent for every $100 of revenueRevenue covered expenses this year.
$1.77in assets for every $1 spent this yearSome assets cannot be spent right away.
19.2%of its money came from giftsOther money may come from services or investments.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$74,722
Expenses$56,272
Annual surplus $18,450 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$74,722
Expenses$56,272
Assets$99,567
Income$74,722
Contributions$14,322
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (7)

AUSTIN STOWERSDIRECTOR

BERNADETTE FLYNNDIRECTOR

BRIAN MCLEODDIRECTOR

CLARENCE W DAUGETTE IIISECRETARY/TR

LYDIA MESSINAVICE-PRESIDE

SID BELCHERPRESIDENT

TONYA JONESDIRECTOR

About this charity

Recognized since
January 2016
Location
PO BOX 349, GADSDEN, AL 35902-0349
County
Etowah
In care of
CLARENCE W DAUGETTE III
Primary officer
CLARENCE W DAUGETTE III, SECRETARY/TREASURER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
September 1, 2024
Return type
990EZ
Tax preparer
SOUTHEASTERN BUSINESS PROFESSIONALS INC
NTEE classification
Chambers of Commerce & Business Leagues (S41)
IRS tax category
Chambers of Commerce & Business Leagues
Revocation date
May 15, 2010

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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