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Nonprofiteer
← GLOBAL RISK MANAGEMENT INSTITUTE INC

Form 990 for tax year 2024

Filed by GLOBAL RISK MANAGEMENT INSTITUTE INC.

Totals

Total revenue
$126,248
Total expenses
$145,436
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$126,248
Other revenue
$0
Total assets, end of year
$2,600,465
Total liabilities, end of year
$46,550
Net assets or fund balances, end of year
$2,553,915
Program services expenses (Part IX)
$1,968
Management and general expenses
$143,468
Fundraising expenses
$0
Program service expenses (Part III)
$1,968

Program services were 1.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $66,615 · excluded $66,615

  • 7a · Gross sales of assets other than inventory

    securities $490,504

  • 7b · Less cost or other basis and sales expenses

    securities $430,871

  • 7c · Gain or loss

    securities $59,633

  • 7d · Net gain or loss

    total $59,633 · excluded $59,633

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $17,973 · management and general $17,973

  • 11f · Fees: investment management

    total $5,270 · management and general $5,270

  • 13 · Office expenses

    total $1,700 · program services $1,700

  • 14 · Information technology

    total $268 · program services $268

  • 24a · Other expenses: CRM & RF ADMIN. COSTS

    total $120,225 · management and general $120,225

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $632,912 · end of year $609,149

  • 2 · Savings and temporary cash investments

    beginning of year $383,577 · end of year $336,459

  • 4 · Accounts receivable

    beginning of year $6,830 · end of year $6,830

  • 11 · Investments: publicly traded securities

    beginning of year $1,357,118 · end of year $1,641,504

  • 14 · Intangible assets

    end of year $6,523

  • 15 · Other assets

    beginning of year $178,466 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,840 · end of year $12,568

  • 25 · Other liabilities

    beginning of year $0 · end of year $33,982

  • 27 · Net assets without donor restrictions

    beginning of year $2,534,063 · end of year $2,553,915

Mission and programs · 2024

Mission

GLOBAL RISK MANAGEMENT INSTITUTE, INC., DOING BUSINESS AS, THE FOUNDATION FOR RISK MANAGEMENT (FRM), TO SUPPORT THE ADVANCEMENT OF THE RISK MANAGEMENT PROFESSION THROUGH INNOVATION, EDUCATION, AND COMMUNITY ENGAGEMENT.

Activities or mission (Part I)

TO SUPPORT & ENCOURAGE THE ADVANCEMENT OF RISK MANAGEMENT.

  • PROFESSIONAL FEES PAID TO DEVELOP RISK MANAGEMENT COURSES AND EDUCATIONAL PROGRAMS.

    Expenses $1,968

As filed on the 2024 return.

Listed in Part VII

  • GARY LABRANCHE

    PRESIDENT

    Total calculated
    $642,976
    From this org
    $0
    From related orgs
    $550,440
    Other
    $92,536
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $500,183 related
    Bonus
    $0 + $50,257 related
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $62,036 related
    Filer's total
    $0 + $642,976 related

  • ROBERT PRYSOCK

    SECRETARY

    Total calculated
    $312,439
    From this org
    $0
    From related orgs
    $271,360
    Other
    $41,079
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,360 related
    Bonus
    $0 + $12,000 related
    Other
    $0
    Deferred
    $0 + $21,178 related
    Nontaxable benefits
    $0 + $19,901 related
    Filer's total
    $0 + $312,439 related

  • KATHERINE GLEDHILL

    TREASURER

    Total calculated
    $261,990
    From this org
    $0
    From related orgs
    $240,090
    Other
    $21,900
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,090 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $21,121 related
    Nontaxable benefits
    $0 + $779 related
    Filer's total
    $0 + $261,990 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
RISK AND INSURANCE MANAGEMENT SOCIETY, INC., A RELATED SECTION 501(C)(6) ORGANIZATION, PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. RISK AND INSURANCE MANAGEMENT SOCIETY, INC. HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533189349316278

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