Form 990 for tax year 2022
Filed by PROFESSIONAL LIABILITY UNDERWRITING SOCIETY.
Totals
- Total revenue
- $6,682,385
- Total expenses
- $6,193,364
- Contributions and grants received
- $276,907
- Grants paid
- $0
- Program service revenue
- $6,291,975
- Investment income
- $113,503
- Other revenue
- $0
- Total assets, end of year
- $7,635,168
- Total liabilities, end of year
- $1,168,644
- Net assets or fund balances, end of year
- $6,466,524
- 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.
-
1e · Government grants (contributions)
$276,907
-
2a · Program service revenue: ANNUAL SYMPOSIUMS
total $2,054,373 · related or exempt $2,054,373
-
2b · Program service revenue: ANNUAL CONFERENCE
total $1,976,562 · related or exempt $1,976,562
-
2c · Program service revenue: EDUCATION REVENUE
total $1,604,066 · related or exempt $1,604,066
-
2d · Program service revenue: CHAPTER SEMINARS
total $485,921 · related or exempt $485,921
-
2e · Program service revenue: PLUS REGISTRATION
total $89,571 · related or exempt $89,571
-
2f · All other program service revenue
total $81,482 · related or exempt $81,482
-
3 · Investment income
total $85,678 · excluded $85,678
-
7a · Gross sales of assets other than inventory
securities $1,927,781
-
7b · Less cost or other basis and sales expenses
securities $1,899,956
-
7c · Gain or loss
securities $27,825
-
7d · Net gain or loss
total $27,825 · excluded $27,825
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $321,676
-
7 · Other salaries and wages
total $1,348,138
-
9 · Other employee benefits
total $143,320
-
10 · Payroll taxes
total $113,095
-
11b · Fees: legal
total $42,075
-
11c · Fees: accounting
total $100,123
-
11f · Fees: investment management
total $51,244
-
13 · Office expenses
total $295,794
-
14 · Information technology
total $229,023
-
16 · Occupancy
total $98,647
-
17 · Travel
total $10,138
-
19 · Conferences, conventions and meetings
total $1,411,236
-
22 · Depreciation, depletion and amortization
total $24,465
-
23 · Insurance
total $69,566
-
24a · Other expenses: SYMPOSIUM EXPENSES
total $1,055,246
-
24b · Other expenses: CHAPTER PROGRAMS
total $489,003
-
24c · Other expenses: DONATION TO PLUS FOUNDA
total $121,562
-
24d · Other expenses: RPLU PROGRAM
total $114,878
-
24e · All other expenses
total $154,135
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $945,501 · end of year $1,396,163
-
2 · Savings and temporary cash investments
beginning of year $62,734 · end of year $45,752
-
4 · Accounts receivable
beginning of year $268,039 · end of year $214,108
-
9 · Prepaid expenses and deferred charges
beginning of year $163,842 · end of year $275,051
-
10a · Land, buildings and equipment: cost or other basis
$805,017
-
10b · Land, buildings and equipment: accumulated depreciation
$770,459
-
10c · Land, buildings and equipment, net
beginning of year $40,452 · end of year $34,558
-
11 · Investments: publicly traded securities
beginning of year $6,031,541 · end of year $5,526,731
-
15 · Other assets
beginning of year $0 · end of year $142,805
-
17 · Accounts payable and accrued expenses
beginning of year $165,626 · end of year $203,511
-
19 · Deferred revenue
beginning of year $508,022 · end of year $821,209
-
25 · Other liabilities
beginning of year $276,907 · end of year $143,924
-
27 · Net assets without donor restrictions
beginning of year $6,561,554 · end of year $6,466,524
Mission and programs · 2022
Mission
TO BE THE GLOBAL COMMUNITY FOR THE PROFESSIONAL LIABILITY INSURANCE INDUSTRY BY PROVIDING 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 2022, PLUS HELD SIX NATIONAL IN-PERSON EVENTS TO ENHANCE THE PROFESSIONALISM OF ITS MEMBERS. IN TOTAL PLUS HOSTED APPROXIMATELY 3107 ATTENDEES AT NATIONAL EVENTS. IN ADDITION, CLOSE TO 3,000 PEOPLE ATTENDED IN-PERSON REGIONAL AND LOCAL CHAPTER EVENTS THROUGH PLUS 13 REGIONAL CHAPTERS AND MORE THAN 4,700 ATTENDEES PARTICIPATED IN VIRTUAL WEBINAR BASED PROGRAMS. 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 EDUCATE THE PUBLIC REGARDING PROFESSIONAL LIABILITY. IN 2022 PLUS HAD APPROXIMATELY 30,000 INDIVIDUAL MEMBERS.
-
PLUS PROVIDES A COMPREHENSIVE EDUCATIONAL CURRICULUM FOR THE PROFESSIONAL LIABILITY INDUSTRY, INCLUDING RPLU, RPLU+ AND CPLP CERTIFICATION PROGRAMS, WHICH CERTIFIED 266, 20 AND 1128 INDIVIDUALS, RESPECTIVELY, IN 2022 AND HAS OVER 4300 INDIVIDUALS WHO HAVE RECEIVED DESIGNATIONS SINCE INCEPTION.THROUGH THE 13 REGIONAL PLUS CHAPTERS, EDUCATION AND PROGRAMMING ARE PROVIDED TO MEMBERS AT A LOCAL LEVEL.
As filed on the 2022 return.
Listed in Part VII
-
Jennifer O'NeillJENNIFER O'NEILL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Jacqueline WatersJACQUELINE WATERS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Nicole ShethNICOLE SHETH
SECRETARY - TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Jay KarpJAY KARP
PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 4
-
Susan AngeloSUSAN ANGELO
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
La'Vonda McLeanLA'VONDA MCLEAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jed SheaJED SHEA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kenneth J StephensKENNETH J STEPHENS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Derek Van Der VoortDEREK VAN DER VOORT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kimberly MelvinKIMBERLY MELVIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Robert ParisiROBERT PARISI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Max CarterMAX CARTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Deborah Egel-FergusDEBORAH EGEL-FERGUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Carl MetzgerCARL METZGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
George ConstantineGEORGE CONSTANTINE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Todd GreeleyTODD GREELEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Robbie ThompsonROBBIE THOMPSON
EXECUTIVE DIRECTOR
- Total calculated
- $321,676
- From this org
- $288,781
- From related orgs
- $0
- Other
- $32,895
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $251,114
- Bonus
- $37,667
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $32,895
- Filer's total
- $321,676
-
Scott BilleySCOTT BILLEY
CHIEF OPERATING OFFICER
- Total calculated
- $209,778
- From this org
- $183,737
- From related orgs
- $0
- Other
- $26,041
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $172,737
- Bonus
- $11,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $26,041
- Filer's total
- $209,778
-
Diane DukesDIANE DUKES
VP OF MEETINGS & EVENTS
- Total calculated
- $142,466
- From this org
- $129,581
- From related orgs
- $0
- Other
- $12,885
- Hours/week
- 40
-
Dan JenneyDAN JENNEY
VP OF STRATEGY & PROGRAMS
- Total calculated
- $203,293
- From this org
- $171,074
- From related orgs
- $0
- Other
- $32,219
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,074
- Bonus
- $10,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $32,219
- Filer's total
- $203,293
-
Megan MooreMEGAN MOORE
DIR OF PROFESSIONAL DEVELOPMENT
- Total calculated
- $102,046
- From this org
- $101,602
- From related orgs
- $0
- Other
- $444
- Hours/week
- 40
-
Erin StephensERIN STEPHENS
DEPUTY CHIEF OPERATING OFFICER
- Total calculated
- $119,719
- From this org
- $112,775
- From related orgs
- $0
- Other
- $6,944
- 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
- 2022
- Filed
- 12 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341359349313179
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