Form 990 for tax year 2024
Filed by PROFESSIONAL LIABILITY UNDERWRITING SOCIETY.
Totals
- Total revenue
- $7,394,699
- Total expenses
- $8,088,935
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $7,075,090
- Investment income
- $319,609
- Other revenue
- $0
- Total assets, end of year
- $9,056,651
- Total liabilities, end of year
- $1,858,484
- Net assets or fund balances, end of year
- $7,198,167
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: ANNUAL SYMPOSIUMS
total $2,904,039 · related or exempt $2,904,039
-
2b · Program service revenue: ANNUAL CONFERENCE
total $1,958,402 · related or exempt $1,958,402
-
2c · Program service revenue: EDUCATION REVENUE
total $1,527,708 · related or exempt $1,527,708
-
2d · Program service revenue: CHAPTER SEMINARS
total $653,819 · related or exempt $653,819
-
2e · Program service revenue: PLUS REGISTRATION
total $30,455 · related or exempt $30,455
-
2f · All other program service revenue
total $667 · related or exempt $667
-
3 · Investment income
total $185,917 · excluded $185,917
-
7a · Gross sales of assets other than inventory
securities $2,113,227
-
7b · Less cost or other basis and sales expenses
securities $1,979,535
-
7c · Gain or loss
securities $133,692
-
7d · Net gain or loss
total $133,692 · excluded $133,692
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $326,657
-
7 · Other salaries and wages
total $1,675,169
-
9 · Other employee benefits
total $109,125
-
10 · Payroll taxes
total $250,626
-
11b · Fees: legal
total $69,866
-
11c · Fees: accounting
total $161,830
-
11f · Fees: investment management
total $58,400
-
13 · Office expenses
total $382,891
-
14 · Information technology
total $548,438
-
16 · Occupancy
total $78,237
-
17 · Travel
total $71,611
-
19 · Conferences, conventions and meetings
total $1,691,881
-
22 · Depreciation, depletion and amortization
total $66,066
-
23 · Insurance
total $80,165
-
24a · Other expenses: SYMPOSIUM EXPENSES
total $1,418,763
-
24b · Other expenses: CHAPTER PROGRAMS
total $609,887
-
24c · Other expenses: DONATION TO PLUS FOUNDA
total $214,018
-
24d · Other expenses: BAD DEBT
total $89,086
-
24e · All other expenses
total $186,219
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,832,915 · end of year $867,113
-
2 · Savings and temporary cash investments
beginning of year $627,371 · end of year $161,308
-
4 · Accounts receivable
beginning of year $512,141 · end of year $225,054
-
9 · Prepaid expenses and deferred charges
beginning of year $205,584 · end of year $191,470
-
10a · Land, buildings and equipment: cost or other basis
$478,678
-
10b · Land, buildings and equipment: accumulated depreciation
$145,615
-
10c · Land, buildings and equipment, net
beginning of year $122,088 · end of year $333,063
-
11 · Investments: publicly traded securities
beginning of year $6,199,609 · end of year $7,194,755
-
15 · Other assets
beginning of year $114,160 · end of year $83,888
-
17 · Accounts payable and accrued expenses
beginning of year $1,101,462 · end of year $764,385
-
19 · Deferred revenue
beginning of year $770,921 · end of year $1,006,855
-
25 · Other liabilities
beginning of year $116,957 · end of year $87,244
-
27 · Net assets without donor restrictions
beginning of year $7,624,528 · end of year $7,198,167
Mission and programs · 2024
Mission
TO BE THE GLOBAL COMMUNITY FOR THE PROFESSIONAL LIABILITY INSURANCE INDUSTRY BY PROVDIING ESSENTIAL KNOWLEDGE,THOUGHT LEADERSHIP AND CAREER DEVELOPMENT OPPORTUNITIES.
Activities or mission (Part I)
TO BE THE GLOBAL COMMUNITY FOR THE PROFESSIONAL LIABILITY INSURANCE INDUSTRY
-
IN 2024, PLUS HELD FIVE NATIONAL IN-PERSON EVENTS ATTENDEED BY MORE THAN 3,500 PEOPLE. IT ALSO HOSTED VIRTUAL AND IN-PERSON UNIVERSITIES WITH OVER 300 INDUSTRY PROFESSIONALS PARTICIPATING. IN ADDITION, OVER 4,000 PEOPLE ATTENDED IN-PERSON REGIONAL AND LOCAL CHAPTER EVENTS THROUGH PLUS 13 REGIONAL CHAPTERS AND MORE THAN 5,000 PROFESSIONALS PARTICIPATED IN EDUCATONAL WEBINARS AND PODCAST. PARTICIPANTS IN ALL EVENTS TOOK PART IN EDUCATIONAL, NETWORKING, AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES.
-
AS A MEMBERSHIP ORGANIZATION, PLUS PROVIDES RESOURCES, PROGRAMMING, AND INFORMATION TO ASSIST ITS MEMBERS AND ENABLE THEM TO BEST SERVE THEIR CLIENTS AND ADVANCE THEIR CAREERS. IN 2024, PLUS HAD APPROXIMATELY 45,000 INDIVIDUAL MEMBERS THROUGHOUT THE WORLD.
-
PLUS PROVIDES A COMPREHENSIVE EDUCATIONAL CURRICULUM FOR THE PROFESSIONAL LIABILITY INDUSTRY, INCLUDING RPLU, RPLU+, CPLP & EXECPLP. OVER 500 PEOPLE OBTAINED A PLUS CERTIFCATE OR DESGINATION AND ALMOST 5,000 PEOPLE CURRENTLY HOLD A PLUS DESIGNATION.
As filed on the 2024 return.
Listed in Part VII
-
Jay KarpJAY KARP
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Alison MartinALISON MARTIN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Nicole ShethNICOLE SHETH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Jacqueline WatersJACQUELINE WATERS
PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 4
-
La'Vonda McLeanLA'VONDA MCLEAN
SECRETARY - TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
John Van DeckerJOHN VAN DECKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
David LewisonDAVID LEWISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Deborah Egel-FergusDEBORAH EGEL-FERGUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Derek Van Der VoortDEREK VAN DER VOORT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jed SheaJED SHEA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer O'NeillJENNIFER O'NEILL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kimberly MelvinKIMBERLY MELVIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Max CarterMAX CARTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Robert ParisiROBERT PARISI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Victoria EdmondsVICTORIA EDMONDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Scott BilleySCOTT BILLEY
CHIEF OPERATING OFFICER
- Total calculated
- $230,646
- From this org
- $201,554
- From related orgs
- $0
- Other
- $29,092
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $189,554
- Bonus
- $12,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $29,092
- Filer's total
- $230,646
-
Robbie ThompsonROBBIE THOMPSON
CHIEF EXECUTIVE OFFICER
- Total calculated
- $326,657
- From this org
- $295,487
- From related orgs
- $0
- Other
- $31,170
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $257,837
- Bonus
- $37,650
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $31,170
- Filer's total
- $326,657
-
Amy WenstromAMY WENSTROM
DIRECTOR OF MARKETING & COMMUNICATION
- Total calculated
- $131,651
- From this org
- $131,651
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Dan JenneyDAN JENNEY
VP OF STRATEGY & PROGRAMS
- Total calculated
- $222,862
- From this org
- $187,756
- From related orgs
- $0
- Other
- $35,106
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $176,756
- Bonus
- $11,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $35,106
- Filer's total
- $222,862
-
Diane DukesDIANE DUKES
VP OF MEETINGS & EVENTS
- Total calculated
- $185,257
- From this org
- $170,768
- From related orgs
- $0
- Other
- $14,489
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,268
- Bonus
- $10,500
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,489
- Filer's total
- $185,257
-
Erin StephensERIN STEPHENS
DEPUTY CHIEF OPERATING OFFICER
- Total calculated
- $140,187
- From this org
- $131,651
- From related orgs
- $0
- Other
- $8,536
- Hours/week
- 40
-
Megan MooreMEGAN MOORE
DIRECTOR OF PROFESSIONAL DEVELOPMENT
- Total calculated
- $128,222
- From this org
- $128,222
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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.
-
501(C)(3) · OUTREACH PHILANTHROPY · MN · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541349349302534
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