Life Insurance Sales Support Study Group Inc in Indianapolis, Indiana (IN)

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Life Insurance Sales Support Study Group Inc
Employer Identification Number (EIN)351791644
Name of OrganizationLife Insurance Sales Support Study Group Inc
In Care of NameGary L Chapman
Address111 Monument Circle, Indianapolis, IN 46204-5100
SubsectionBoard of Trade
Ruling Date02/1999
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1 to $9,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$7,913
Amount of Income$58,470
Form 990 Revenue Amount$58,470
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Promotion of Business


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Amount of income in 2013: $58,470 (it was $57,185 in 2012)
Life Insurance Sales Support Study Group Inc: 

 $58,470
Other organizations performing similar types of work: 

 $88,861

Assets in 2013: $7,913 (it was $3,147 in 2012)
Life Insurance Sales Support Study Group Inc: 

 $7,913
Other organizations performing similar types of work: 

 $51,691

Expenses in 2013: $53,704
This organization: 

 $53,704
Other organizations performing similar types of work: 

 $80,127

Income to expenses ratio in 2013: 1.1
Life Insurance Sales Support Study Group Inc: 

 1.1
Other organizations performing similar types of work: 

 0.8

Grants share in income in 2013: 0.0%
Life Insurance Sales Support Study Group Inc: 

 0.0%
Other organizations performing similar types of work: 

 1.0%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$46,100$57,185$58,470
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$46,100$57,185$58,470
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$63,157$55,085$53,704
Total net assets$1,047$3,147$7,913
Excess/Deficit for the year$-17,057$2,100$4,766
Net assets or fund balances at beginning of year$18,104$1,047$3,147
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$3,147$7,913
Balance Sheets
201120122013
Total assets$1,047$3,147$7,913
Total liabilities$0$0$0
Net assets or fund balances$1,047$3,147$7,913
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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4Guaranty Association Benefits Company300 N Meridian Ste 2700, Indianapolis, IN 46204IN2011-12$1,373,600,547
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6Orthoworx Inc102 E Market St, Warsaw, IN 46580-2806IN2010-03$1,672,369
7University Risk Mgt & Ins AssnPO BOX 1027, Bloomington, IN 47402-1027IN2008-03$1,367,348
8Securities & Insurance Licensing Association Inc, Sila343 Prebster Dr, Brownsburg, IN 46112-7744IN2008-12$833,860
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19South Central Indiana Usa Economic Development Group Inc4100 Charlestown Rd, New Albany, IN 47150-9538IN2009-02$115,824
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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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