Form 990 for tax year 2025
Filed by WHOLESALE AND SPECIALTY INSURANCE ASSOCIATION.
Totals
- Total revenue
- $16,530,278
- Total expenses
- $15,233,104
- Contributions and grants received
- $45,000
- Grants paid
- $60,500
- Program service revenue
- $15,121,281
- Investment income
- $1,363,997
- Other revenue
- $0
- Total assets, end of year
- $29,165,303
- Total liabilities, end of year
- $6,908,981
- Net assets or fund balances, end of year
- $22,256,322
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Listed in Part VII
-
PHILLIP MCCRORIE
CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
PATRICK ALBRECHT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
WENDY HOUSER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
CORYN THALMANN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
BRENDA BALLARD AUSTENFELD
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
STEVE BOYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTI CARRINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
VERONICA DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GERALD DUPRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MICHAEL GARRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KRISTIN JONES DIRECTOR
(NON-VOTING) (TERM START 03/2025)
- Total calculated
- $0
- Hours/week
- 1
-
DANNY KAUFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NEIL KESSLER
DIRECTOR (TERM START 03/2025)
- Total calculated
- $0
- Hours/week
- 1
-
LOU LEVINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JEFF MCNATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTA NADLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PATRICK ROE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT SANDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DANIELLE WADE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
ANNIE DAWSON DIRECTOR
(NON-VOTING) (TERM END 03/2025)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
DAVE OBENAUER
DIRECTOR (TERM END 03/2025)
- Total calculated
- $0
- Hours/week
- 1
-
BRADY KELLEY
CEO & PRESIDENT
- Total calculated
- $953,872
- From this org
- $716,602
- From related orgs
- $0
- Other
- $237,270
- Hours/week
- 40 + 4 related
Schedule J breakdown matched by us
- Base
- $542,963
- Bonus
- $172,104
- Other
- $1,535
- Deferred
- $180,157
- Nontaxable benefits
- $57,113
- Filer's total
- $953,872
-
FROSTY MOHN
DIRECTOR OF TECHNOLOGY OPERATIONS
- Total calculated
- $379,900
- From this org
- $329,383
- From related orgs
- $0
- Other
- $50,517
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $284,027
- Bonus
- $43,800
- Other
- $1,556
- Deferred
- $0
- Nontaxable benefits
- $50,517
- Filer's total
- $379,900
-
KERI KISH
GENERAL COUNSEL & POLICY DIRECTOR
- Total calculated
- $339,656
- From this org
- $307,372
- From related orgs
- $0
- Other
- $32,284
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $279,321
- Bonus
- $26,500
- Other
- $1,551
- Deferred
- $28,276
- Nontaxable benefits
- $4,008
- Filer's total
- $339,656
-
DEBBIE HILL
DIRECTOR OF EVENTS
- Total calculated
- $313,656
- From this org
- $283,816
- From related orgs
- $0
- Other
- $29,840
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $254,853
- Bonus
- $27,500
- Other
- $1,463
- Deferred
- $18,110
- Nontaxable benefits
- $11,730
- Filer's total
- $313,656
-
VANESSA SIMS
DIRECTOR OF TALENT & CULTURE
- Total calculated
- $348,154
- From this org
- $275,646
- From related orgs
- $0
- Other
- $72,508
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $244,152
- Bonus
- $29,975
- Other
- $1,519
- Deferred
- $27,369
- Nontaxable benefits
- $45,139
- Filer's total
- $348,154
-
JOHN MEETZ
DIRECTOR OF GOVERNMENT RELATIONS
- Total calculated
- $257,698
- From this org
- $223,603
- From related orgs
- $0
- Other
- $34,095
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $197,380
- Bonus
- $25,000
- Other
- $1,223
- Deferred
- $15,813
- Nontaxable benefits
- $18,282
- Filer's total
- $257,698
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
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1A
- TRAVEL FOR COMPANIONS IS PROVIDED TO THE CEO & PRESIDENT FOR A TRIP TO THE ORGANIZATION'S UNDERWRITING SUMMIT, SUMMER BOARD MEETING, AND ANNUAL MARKETPLACE. COMPANION TRAVEL FOR THE CEO & PRESIDENT IS NOT TREATED AS TAXABLE COMPENSATION TO THE CEO & PRESIDENT. THIS IS BECAUSE STAFF TRAVEL, INCLUDING COMPANION TRAVEL, IS ONLY REIMBURSED WHEN TRAVEL EXPENSES REPRESENT A BUSINESS EXPENSE. COMPANION TRAVEL IS CONSIDERED TO BE A BUSINESS EXPENSE WHEN THERE IS AN EXPECTATION OF THE BOARD OF DIRECTORS THAT THE CEO & PRESIDENT'S SPOUSE ALSO ATTEND A WSIA EVENT OR MEETING.
- PART I, LINE 4B
- DURING THE YEAR ENDED DECEMBER 31, 2021, WSIA ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER THE PROVISIONS OF THE INTERNAL REVENUE SERVICE ("IRS") CODE ("IRC") 457(F). BRADY KELLEY, CEO & PRESIDENT, IS THE SOLE PARTICIPANT OF THE PLAN. ANNUAL CONTRIBUTIONS TO THE PLAN ARE MADE AT THE DISCRETION OF THE COMPENSATION COMMITTEE AND EXECUTIVE COMMITTEE. THE PLAN PROVIDES FOR THE EMPLOYEE TO BE FULLY VESTED ON JANUARY 1, 2027, OR TERMINATION DUE TO DEATH. IF THE EMPLOYEE HAS A SEPARATION FROM SERVICE OTHER THAN DEATH PRIOR TO JANUARY 1, 2027, THE EMPLOYEE WILL NOT BE ENTITLED TO ANY BENEFIT AND THE AMOUNT WILL BE FORFEITED. DURING THE YEAR ENDED DECEMBER 31, 2025, CONTRIBUTIONS MADE BY WSIA TOTALED $149,157.
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
-
$10,500
SUSTAINING PARTNERSHIP CONTRIBUTION
-
BIG I SPONSORSHIP
-
NCSLA ANNUAL CONVENTION
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) · STUDENT-FOCUSED EDUCATIONAL PROGRAM, SYMPOSIUMS & SCHOLARSHIPS · MO
-
WSIA TALENT ADVOCACY & ENGAGEMENT FOUNDATION
501(C)(3) · STIMULATE A BROAD PIPELINE OF TALENT FOR THE INSURANCE INDUSTRY · MO · controlled entity
Directly controlled by WHOLESALE & SPECIALTY INSURANCE ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2025
- IRS schema version
- 2025v4.2
- Source object
- 202622189349300827
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