Limra International Inc in Windsor, Connecticut (CT)

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Limra International Inc
Employer Identification Number (EIN)060428090
Name of OrganizationLimra International Inc
Address300 Day Hill Rd, Windsor, CT 06095-1783
SubsectionBusiness League
Ruling Date06/2002
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2008
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$20,143,564
Amount of Income$27,036,769
Form 990 Revenue Amount$24,324,908
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Promotion of Business


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Amount of income in 2008: $27,036,769
This organization: 

 $27,036,769
Other organizations performing similar types of work: 

 $88,861

Assets in 2008: $20,143,564
This organization: 

 $20,143,564
Other organizations performing similar types of work: 

 $51,691

Expenses in 2007: $21,802,934
Limra International Inc: 

 $21,802,934
Other organizations performing similar types of work: 

 $80,127

Income to expenses ratio in 2007: 1.2
Limra International Inc: 

 1.2
Other organizations performing similar types of work: 

 0.8

Employees paid over $50,000 in 2007: 2.5%
Limra International Inc: 

 2.5%
Other organizations performing similar types of work: 

 0.8%

Grants share in income in 2007: 0.0%
Limra International Inc: 

 0.0%
Other organizations performing similar types of work: 

 1.0%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200220032004200520062007
Total revenue$20,326,774$19,951,620$20,401,859$22,435,155$23,570,617$25,483,211
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0
Program service revenue including government fees and contracts$5,691,421$5,247,273$5,751,883$7,096,679$7,385,303$7,652,098
Membership dues and assessments$14,078,996$13,957,808$14,122,609$14,627,475$14,922,677$15,603,518
Interest on savings and temporary cash investments$107,332$242,659$0$0$0$0
Dividends and interest from securities$0$0$349,681$376,425$503,974$504,426
Net rental income or (loss)$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0
Other investment income$107,776$45,975$55,700$230,424$686,657$1,568,572
Gain or (loss) from sales of assets other than inventory$0$25,036$47,175$99,227$66,307$85,770
Gross amount from sales of assets other than inventory$0$406,529$891,832$397,288$960,872$2,146,280
Less: cost or other basis and sales expenses$0$381,493$844,657$298,061$894,565$2,060,510
Net income or (loss) from special events and activities$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0
Other revenue$341,249$432,869$74,811$4,925$5,699$68,827
Total expenses$21,108,166$21,535,705$21,155,868$21,993,234$21,304,134$21,802,934
Program services$0$0$0$0$0$0
Management and general$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$-2,072,409$-3,137,398$-4,224,137$-5,170,514$-1,210,988$-2,243,731
Excess or (deficit) for the year$-781,392$-1,584,085$-754,009$441,921$2,266,483$3,680,277
Net assets or fund balances at beginning of year$5,849,777$-2,072,409$-3,137,398$-4,224,137$-5,170,514$-1,210,988
Other changes in net assets or fund balances$-7,140,794$519,096$-332,730$-1,388,298$1,693,043$-4,713,020
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$21,802,934$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$882,024$0$0$0
Compensation of former officers, directors, key employees, etc.$426,307$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$9,638,202$0$0$0
Pension plan contributions not included above$1,105,724$0$0$0
Employee benefits not included above$202,731$0$0$0
Payroll taxes$1,732,796$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$148,306$0$0$0
Legal fees$269,301$0$0$0
Supplies$75,658$0$0$0
Telephone$102,772$0$0$0
Postage and shipping$221,794$0$0$0
Occupancy$672,020$0$0$0
Equipment rental and maintenance$282,903$0$0$0
Printing and publications$191,289$0$0$0
Travel$746,435$0$0$0
Conferences, conventions, and meetings$1,678,205$0$0$0
Interest$298,282$0$0$0
Depreciation, depletion, etc.$271,398$0$0$0
Other expenses not covered above$2,856,787$0$0$0
Balance Sheets
200220032004200520062007
Total assets$21,591,533$19,849,547$20,490,399$22,313,004$25,401,677$22,654,326
Cash - non-interest-bearing$2,000$7,679$3,772$6,595$3,537$4,384
Savings and temporary cash investments$2,713,833$919,171$635,582$902,639$2,965,875$562,947
Accounts receivable less allowance for doubtful accounts$2,334,193$3,616,498$3,367,030$4,680,606$5,629,849$5,094,228
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0
Prepaid expenses and deferred charges$312,884$236,330$282,111$248,693$253,028$498,902
Investments - publicly-traded securities$7,681,186$7,326,530
Investments - other securities$6,181,474$6,234,769$8,128,659$9,767,212$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Investments - other$2,272,944$2,554,956$2,977,553$1,132,098$2,116,924$2,270,561
Land, buildings, and equipment less accumulated depreciation$5,850,553$5,410,467$5,095,692$5,575,161$5,765,857$6,017,647
Other assets, including program-related investments$1,923,652$869,677$0$0$985,421$879,127
Total liabilities$23,663,942$22,986,945$24,714,536$27,483,518$26,612,665$24,898,057
Accounts payable and accrued expenses$2,962,366$1,714,829$3,285,070$5,377,819$4,702,422$3,916,476
Grants payable$0$0$0$0$0$0
Deferred revenue$5,244,121$5,571,688$5,895,460$5,658,323$4,665,837$4,546,941
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$3,588,115$3,825,619$3,857,703$4,298,676$5,588,188$3,950,726
Other liabilities$11,869,340$11,874,809$11,676,303$12,148,700$11,656,218$12,483,914
Total liabilities and net assets/fund balances$21,591,533$19,849,547$20,490,399$22,313,004$25,401,677$22,654,326
Total net assets or fund balances$-2,072,409$-3,137,398$-4,224,137$-5,170,514$-1,210,988$-2,243,731
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200220032004200520062007
Total revenue$20,326,774$19,951,620$20,401,859$22,435,155$23,570,617$25,483,211
Total revenue, gains, and other support per audited financial statements$38,386,198$36,637,557$36,980,938$37,883,606$42,016,840$45,510,438
Other expenses$18,059,424$16,685,937$16,579,079$15,448,451$18,446,223$20,027,227
Net unrealized gains on investments$0$336,790$125,925$-61,293$108,330$103,019
Donated services and use of facilities$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$18,059,424$16,349,147$16,453,154$15,509,744$18,337,893$19,924,208
Other revenue$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200220032004200520062007
Total expenses$21,108,166$21,535,705$21,155,868$21,993,234$21,304,134$21,802,934
Total expenses and losses per audited financial statements$39,752,846$38,747,311$36,995,819$37,760,244$39,546,298$41,601,227
Other revenue$18,644,680$17,211,606$15,839,951$15,767,010$18,242,164$19,798,293
Donated services and use of facilities$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$18,644,680$17,211,606$15,839,951$15,767,010$18,242,164$19,798,293
Other expenses$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$399,296$5,911$0
40$166,800$9,649$0
40$168,034$9,764$0
40$116,191$6,379$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings23
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$126,016$5,343$0
$0$3,785$0$0
$0$37,009$0$0
$0$9,820$0$0
$0$96,488$5,794$0
$0$26,408$1,722$0
$0$63,750$0$0
$0$50,172$0$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?Yes
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006162
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$722,212$590,196$24,170,803
Program service revenue
Program service revenue 1000000$000$0$6,929,886
Program service revenue 2Other professional, scientific, and technical services$722,21200$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$15,603,518
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$504,426$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$1,568,572
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$85,770$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$68,827
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
061638159100%$19,885,633$4,181,617
999999999100%$2,233,050$1,156,661
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
200120022003200420052006
Total$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alaska94
Alabama235
Arkansas185
Arizona346
California1,926
Colorado437
Connecticut191
District of Columbia411
Delaware63
Florida987
Georgia500
Hawaii127
Iowa226
Idaho137
Illinois781
Indiana331
Kansas211
Kentucky222
Louisiana232
Massachusetts358
Maryland360
Maine108
Michigan504
Minnesota341
Missouri377
Mississippi119
Montana114
North Carolina452
North Dakota65
Nebraska146
New Hampshire92
New Jersey401
New Mexico156
Nevada171
New York967
Ohio640
Oklahoma208
Oregon366
Pennsylvania679
Rhode Island73
South Carolina192
South Dakota91
Tennessee282
Texas1,208
Utah166
Virginia613
Vermont69
Washington451
Wisconsin359
West Virginia109
Wyoming44
International34
Total17,957

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