Securities & Insurance Licensing Association
The mission of the securities and insurance licensing association (SILA) is to provide an educational forum through which all members of the insurance licensing and securities registration industries can exchange information, best practices and ideas to resolve issues common to the industry. SILA provides a venue for industry and regulators to come together to streamline and improve licensing and registration across the country.
Securities & Insurance Licensing Association at a glance
In short: Securities & Insurance Licensing Association gave $35K across 1 grant in 2025 (avg $35K), mostly in Indiana. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $35,000
- +91.9% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $35,000
- +91.9% vs 2024
- Median grant
- $35,000
- Total assets
- $2,287,103
- +14.7% vs 2024
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated November 2026.
Who Securities & Insurance Licensing Association funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Securities & Insurance Licensing Association Foundation Inc ($35K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Securities & Insurance Licensing Association gives
- Giving grew 250% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $9K (2021) to $35K (2025). In 2025 it made 1 grant totaling $35K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Securities & Insurance Licensing Association Foundation Inc Brownsburg, IN | Sila made contributions to the sila foundation inc. This 501(c)3 organization provides similar services to the general public. | $35,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,287,103 | $1,369,632 | $1,071,746 | $35,000 | 1 | $59,667 |
| 2024 | $1,993,694 | $1,274,872 | $1,206,567 | $18,242 | 1 | $51,417 |
| 2023 | $1,937,125 | $1,038,648 | $1,003,306 | $9,000 | 1 | $6,816 |
| 2022 | $1,844,452 | $909,747 | $869,903 | $10,000 | 1 | $4,695 |
| 2021 | $1,763,670 | $697,365 | $662,454 | $8,727 | 1 | $3,073 |
| 2020 | $1,701,243 | $537,996 | $422,887 | $12,500 | 1 | $5,721 |
| 2019 | $1,628,340 | $915,791 | $866,973 | $12,205 | 1 | $9,013 |
About Securities & Insurance Licensing Association
Based on IRS filings
Securities & Insurance Licensing Association is a public charity focused on Community Improvement & Capacity Building, based in Zionsville, IN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.3M in total assets. In 2025, it awarded 1 grant totaling $35K. Net investment income was $60K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Securities & Insurance Licensing Association is led by Tim Owen, President since 2025 (on filings since 2019); 1 of 18 officers listed in 2025 is compensated.
Officers on the 2025 filing
Tim Owen
President
Secretary → President Elect, 2024
President Elect → President, 2025
On filings since 2019
1 hr/week
No compensation reported
Lesli Leakey
Governance Chair
On filings since 2024
1 hr/week
No compensation reported
Tracy Sloan
Nominations Director
Immediate Past President → Nominations, 2023
Nominations → Nominations Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Allister Yu
Communications Director
Communications Chair → Communications Director, 2025
On filings since 2022
1 hr/week
No compensation reported
Amy Ward
Membership Director
Membership Services → Membership Director, 2025
On filings since 2024
1 hr/week
No compensation reported
April Gaskin
Securities Director
Securities → Securities Director, 2025
On filings since 2024
1 hr/week
No compensation reported
Brandi Brown
Education Director
Education Chair → Education Director, 2025
On filings since 2024
1 hr/week
No compensation reported
Codi Henry
Sponsorship & Fundraising Director
New on the 2025 filing
1 hr/week
No compensation reported
Ryan Fitzgerald
Vendor Relations Director
New on the 2025 filing
1 hr/week
No compensation reported
Sherri L. Coleman
Executive Vice President
Immediate Past President → Executive Director - Started, 2024
Executive Director - Started → Executive Vice President, 2025
On filings since 2019
40 hrs/week
$46K (2024) → $119K (2025)
Bill Swanstrom
Finra Regulatory Advisor
Finra → Finra Advisor, 2023
Finra Advisor → Finra Regulatory Advisor, 2025
On filings since 2019
1 hr/week
No compensation reported
Fred Karlinsky
Legal Advisor
On filings since 2019
1 hr/week
No compensation reported
Nikki Brown
Secretary
Membership Services → Secretary, 2024
On filings since 2019
1 hr/week
No compensation reported
Paula Sisneros
Treasurer
Vendor Relations Chair → Treasurer, 2025
On filings since 2019
1 hr/week
No compensation reported
Deborah Fabritz
State Securities Regulatory Advisor
Regulatory Securities Advisor → State Securities Regulatory Advisor, 2025
On filings since 2022
1 hr/week
No compensation reported
Richard Tozer
State Insurance Regulatory Advisor
Regulatory Advisor → State Insurance Regulatory Advisor, 2025
On filings since 2023
1 hr/week
No compensation reported
Rachel Chester
State Insurance Regulatory Advisor
Regulatory Advisor → State Insurance Regulatory Advisor, 2025
On filings since 2024
1 hr/week
No compensation reported
Barb Gavitt
President Elect
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (17)
- Former: Diana Capes (2019–2024) — Executive Director
- Former: Diana Ivey (2019–2024) — Immediate Past President
- Former: Jason McCartney (2019–2024) — Sponsorship
- Former: Paul Willis (2019–2024) — President Elect
- Former: Heather Coulter (2021–2024) — Treasurer
- Former: Cindy Davidson (2019–2023) — Education Chair
- Former: Margie Webber (2019–2023) — Governance Chair
- Former: Stephanie Rustad (2020–2023) — Securities
- Former: Lorie Gasior (2022–2023) — Regulatory Advisor
- Former: Jeff Baughman (2019–2022) — Regulatory Advisor
- Former: Kathy Halverson (2020–2022) — Immediate Past President
- Former: Barbara Gavitt (2019–2021) — Immediate Past President
- Former: Karen Vourvopoulos (2020–2021) — Regulatory Advisor
- Former: Lilah Blackstone (2020–2021) — Regulatory Advisor
- Former: Donna Robinson (2019–2020) — Treasurer
- Former: Jeff Lehman (2019) — Immediate Past President
- Former: Lisa Tordjman (2019) — Regulatory Advisor
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $119K, to Sherri L Coleman (Executive Vice President).
Frequently asked questions about Securities & Insurance Licensing Association
How much does Securities & Insurance Licensing Association give each year?
Securities & Insurance Licensing Association gave $35K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $18K across 1 grant.
How large is Securities & Insurance Licensing Association?
Securities & Insurance Licensing Association reported $2.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.4M.
What is Securities & Insurance Licensing Association?
Securities & Insurance Licensing Association is a public charity focused on Community Improvement & Capacity Building, based in Zionsville, IN. It holds $2.3M in total assets as of 2025.
Where does Securities & Insurance Licensing Association operate?
Securities & Insurance Licensing Association has awarded grants in Indiana.
What is Securities & Insurance Licensing Association's EIN?
Securities & Insurance Licensing Association's EIN (Employer Identification Number) is 26-2312607. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated November 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS April 17, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 11, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS July 11, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS September 3, 2026)
Live grants for the work Securities & Insurance Licensing Association funds
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