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Nonprofiteer
← COUNCIL OF INSURANCE AGENTS & BROKERS

Form 990 for tax year 2023

Filed by COUNCIL OF INSURANCE AGENTS & BROKERS.

Totals

Total revenue
$27,285,841
Total expenses
$23,440,813
Contributions and grants received
$0
Grants paid
$197,801
Program service revenue
$24,067,174
Investment income
$876,431
Other revenue
$2,342,236
Total assets, end of year
$55,204,420
Total liabilities, end of year
$28,790,930
Net assets or fund balances, end of year
$26,413,490
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: MEMBERSHIP DUES

    total $9,503,055 · related or exempt $9,503,055

  • 2b · Program service revenue: PARTNERS IN EXCELLENCE

    total $9,090,000 · related or exempt $9,090,000

  • 2c · Program service revenue: CONFERENCES & MEETINGS

    total $4,554,925 · related or exempt $4,554,925

  • 2d · Program service revenue: EDUCATIONAL PROGRAMS

    total $919,194 · related or exempt $919,194

  • 3 · Investment income

    total $1,185,909 · excluded $1,185,909

  • 5 · Royalties

    total $2,300,000 · excluded $2,300,000

  • 7a · Gross sales of assets other than inventory

    securities $28,406,503

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

    securities $28,715,981

  • 7c · Gain or loss

    securities -$309,478

  • 7d · Net gain or loss

    total -$309,478 · excluded -$309,478

  • 11a · Other revenue: OTHER REVENUE

    total $42,236 · excluded $42,236

  • 11e · Other revenue, total

    $42,236

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $197,801

  • 5 · Compensation of officers, directors and key employees

    total $5,467,193

  • 7 · Other salaries and wages

    total $3,032,183

  • 8 · Pension plan contributions

    total $1,145,250

  • 9 · Other employee benefits

    total $484,203

  • 10 · Payroll taxes

    total $524,882

  • 11b · Fees: legal

    total $1,729,068

  • 11c · Fees: accounting

    total $83,191

  • 11f · Fees: investment management

    total $79,607

  • 11g · Fees: other

    total $201,548

  • 13 · Office expenses

    total $401,494

  • 14 · Information technology

    total $660,922

  • 16 · Occupancy

    total $1,546,867

  • 17 · Travel

    total $458,533

  • 19 · Conferences, conventions and meetings

    total $5,296,346

  • 22 · Depreciation, depletion and amortization

    total $280,278

  • 23 · Insurance

    total $536,140

  • 24a · Other expenses: TAXES & LICENSES

    total $671,813

  • 24b · Other expenses: MARKETING & COMMUNICATI

    total $376,895

  • 24c · Other expenses: INTERNATIONAL MEMBERSHI

    total $104,859

  • 24d · Other expenses: COUNCILPAC

    total $87,617

  • 24e · All other expenses

    total $74,123

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,487,024 · end of year $1,168,049

  • 2 · Savings and temporary cash investments

    beginning of year $2,471,349 · end of year $2,141,831

  • 4 · Accounts receivable

    beginning of year $82,650 · end of year $610,805

  • 5 · Loans and receivables from officers and key people

    beginning of year $157,383 · end of year $258,647

  • 7 · Other notes and loans receivable

    beginning of year $180,983

  • 9 · Prepaid expenses and deferred charges

    beginning of year $706,228 · end of year $764,492

  • 10a · Land, buildings and equipment: cost or other basis

    $4,186,523

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,746,857

  • 10c · Land, buildings and equipment, net

    beginning of year $1,585,568 · end of year $1,439,666

  • 11 · Investments: publicly traded securities

    beginning of year $12,945,856 · end of year $20,215,358

  • 12 · Investments: other securities

    beginning of year $1,527,414 · end of year $3,069,982

  • 15 · Other assets

    beginning of year $27,301,273 · end of year $25,535,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,187,862 · end of year $3,732,633

  • 19 · Deferred revenue

    beginning of year $2,791,304 · end of year $2,745,326

  • 25 · Other liabilities

    beginning of year $23,158,817 · end of year $22,312,971

  • 27 · Net assets without donor restrictions

    beginning of year $20,307,745 · end of year $26,413,490

Mission and programs · 2023

Mission

THE COUNCIL WAS ESTABLISHED TO PROMOTE THE INTERESTS OF ITS MEMBERS, WHO COMPRISE LEADING INSURANCE AGENCIES AND BROKERAGE FIRMS.

Activities or mission (Part I)

THE COUNCIL PROMOTES THE INTERESTS OF ITS MEMBERS, WHO COMPRISE LEADING INSURANCE AGENCIES AND BROKERAGE FIRMS.

  • THE COUNCIL IS THE PREMIER ASSOCIATION FOR THE TOP REGIONAL, NATIONAL AND INTERNATIONAL COMMERCIAL INSURANCE AND EMPLOYEE BENEFITS INTERMEDIARIES WORLDWIDE. THE COUNCIL FOSTERS RELATIONSHIPS INDUSTRY-WIDE BY ENGAGING LAWMAKERS, REGULATORS, AND STAKEHOLDERS AROUND THE WORLD TO PROMOTE THE INTERESTS OF ITS MEMBERS AND THE VALUABLE ROLE THEY PLAY IN THE MITIGATION OF RISK FOR THEIR CLIENTS BY PROVIDING UNIQUE FORUMS FOR NETWORKING OPPORTUNITIES AND LEADERSHIP DEVELOPMENT, OFFERING BUSINESS INTELLIGENCE AND SERVICES.OUR FOUR LARGEST PROGRAMS/MEETINGS ARE THE INSURANCE LEADERSHIP FORUM, THE EMPLOYEE BENEFITS LEADERSHIP FORUM, THE COUNCIL ACADEMY AND THE LEGISLATIVE SUMMIT. THESE ANNUAL PROGRAMS FOSTER THE CONTINUATION OF THE COUNCIL AND ITS MEMBERS STRONG RELATIONSHIPS WITH EACH OTHER, INSURANCE CARRIERS, AND MEMBERS OF CONGRESS; AND LAYS A SOLID FOUNDATION FOR FUTURE RELATIONSHIPS. THE COUNCIL EXTENDS ITS REACH TO BOTH SIDES OF THE AISLE WHILE EDUCATING RULE MAKERS ON THE CRITICAL ROLE OF THE BROKER AND AGENCY FOR BOTH PROPERTY/CASUALTY AND HEALTH CARE INSURANCE PROGRAMS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert J Klonk

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 0.1 related

  • Keith Schuler

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • John Howard

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3

  • Andrew Barrengos

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • Kate Armfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Brenda Ballard Austenfeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jim Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Chris Boone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Powell Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Tarun Chopra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Michael Christian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Ken Ewell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.1 related

  • Walter Fawcett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Doug Hammond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Bob Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.1 related

  • Jim Henderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jochen Koemer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Eric Leavitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Hiram Marrero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Kerry Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • John Plummer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • William Pridgeon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Scott Purviance

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Clint Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mary Beth Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • John Tallarida

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.1 related

  • Jacques Verlingue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mike Victorson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Kate Bang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Cynthia Beveridge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Michael Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • John Eltham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Peter Gruenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Peter Krause

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jeff Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Tom Hughston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Ken A Crerar

    CEO

    Total calculated
    $1,827,855
    From this org
    $1,683,895
    From related orgs
    $88,626
    Other
    $55,334
    Hours/week
    35.63 + 1.87 related

    Schedule J breakdown matched by us

    Base
    $1,092,851 + $57,518 related
    Bonus
    $522,500 + $27,500 related
    Other
    $68,544 + $3,608 related
    Deferred
    $41,325 + $2,175 related
    Nontaxable benefits
    $11,242 + $592 related
    Filer's total
    $1,736,462 + $91,393 related

  • Joel R Wood

    PRESIDENT

    Total calculated
    $1,040,058
    From this org
    $951,199
    From related orgs
    $0
    Other
    $88,859
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $862,969
    Bonus
    $50,000
    Other
    $38,230
    Deferred
    $43,500
    Nontaxable benefits
    $45,359
    Filer's total
    $1,040,058

  • Benita Harrison-Wickline

    CHIEF FINANCIAL OFFICER

    Total calculated
    $471,537
    From this org
    $376,630
    From related orgs
    $19,823
    Other
    $75,084
    Hours/week
    35.63 + 1.87 related

    Schedule J breakdown matched by us

    Base
    $324,895 + $17,100 related
    Bonus
    $16,150 + $850 related
    Other
    $35,585 + $1,873 related
    Deferred
    $46,967 + $132 related
    Nontaxable benefits
    $27,906 + $78 related
    Filer's total
    $451,503 + $20,033 related

  • Catherine Richardson

    CHIEF OPERATING OFFICER

    Total calculated
    $793,053
    From this org
    $715,847
    From related orgs
    $0
    Other
    $77,206
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $645,285
    Bonus
    $50,000
    Other
    $20,562
    Deferred
    $47,099
    Nontaxable benefits
    $30,107
    Filer's total
    $793,053

  • Joel Kopperud

    SVP, GOVERNMENT AFFAIRS

    Total calculated
    $468,994
    From this org
    $411,141
    From related orgs
    $0
    Other
    $57,853
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $368,454
    Bonus
    $15,750
    Other
    $26,937
    Deferred
    $43,500
    Nontaxable benefits
    $14,353
    Filer's total
    $468,994

  • Elizabeth McDaid

    SVP, LEADERSHIP & MGMT

    Total calculated
    $431,920
    From this org
    $343,505
    From related orgs
    $18,080
    Other
    $70,335
    Hours/week
    36.37 + 1.13 related

    Schedule J breakdown matched by us

    Base
    $308,931 + $16,260 related
    Bonus
    $14,250 + $750 related
    Other
    $20,324 + $1,070 related
    Deferred
    $41,325 + $2,715 related
    Nontaxable benefits
    $25,493 + $1,342 related
    Filer's total
    $410,323 + $22,137 related

  • Susan Rushford

    SVP, MKTG & COMM

    Total calculated
    $433,775
    From this org
    $357,072
    From related orgs
    $11,043
    Other
    $65,660
    Hours/week
    35.63 + 1.87 related

    Schedule J breakdown matched by us

    Base
    $339,715 + $10,506 related
    Bonus
    $16,490 + $510 related
    Other
    $867 + $27 related
    Deferred
    $42,195 + $1,305 related
    Nontaxable benefits
    $21,495 + $665 related
    Filer's total
    $420,762 + $13,013 related

  • Paula Staley

    SVP, MEETINGS

    Total calculated
    $272,884
    From this org
    $206,760
    From related orgs
    $0
    Other
    $66,124
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $197,598
    Bonus
    $9,000
    Other
    $162
    Deferred
    $28,522
    Nontaxable benefits
    $37,603
    Filer's total
    $272,885

  • Beth McMahon

    VP, PEOPLE CULTURE

    Total calculated
    $313,751
    From this org
    $263,183
    From related orgs
    $0
    Other
    $50,568
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $243,078
    Bonus
    $20,000
    Other
    $105
    Deferred
    $34,239
    Nontaxable benefits
    $16,329
    Filer's total
    $313,751

  • Blaire Bartlett

    VP, GOVERNMENT & POLITICAL AFFAIRS

    Total calculated
    $304,772
    From this org
    $255,733
    From related orgs
    $0
    Other
    $49,039
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $224,402
    Bonus
    $31,250
    Other
    $81
    Deferred
    $32,042
    Nontaxable benefits
    $16,997
    Filer's total
    $304,772

  • Lindsay Dames

    VP, EXTERNAL AFFAIRS & SPONSORSHIP

    Total calculated
    $255,759
    From this org
    $225,918
    From related orgs
    $0
    Other
    $29,841
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $148,646
    Bonus
    $77,228
    Other
    $44
    Deferred
    $21,325
    Nontaxable benefits
    $8,516
    Filer's total
    $255,759

  • Ken Haltenhof

    VP, MEMBERSHIP

    Total calculated
    $269,049
    From this org
    $210,046
    From related orgs
    $0
    Other
    $59,003
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $194,992
    Bonus
    $15,000
    Other
    $54
    Deferred
    $28,537
    Nontaxable benefits
    $30,466
    Filer's total
    $269,049

  • Nicole Vasile

    VP, MARKETING & COMMUNICATIONS

    Total calculated
    $241,865
    From this org
    $178,821
    From related orgs
    $9,412
    Other
    $53,632
    Hours/week
    35.63 + 1.87 related

    Schedule J breakdown matched by us

    Base
    $152,876 + $8,046 related
    Bonus
    $25,878 + $1,362 related
    Other
    $67 + $4 related
    Deferred
    $22,164 + $1,167 related
    Nontaxable benefits
    $28,786 + $1,515 related
    Filer's total
    $229,771 + $12,094 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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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
THE ORGANIZATION PROVIDES FOR BUSINESS TRAVEL (IF APPLICABLE) FOR THE CEO'S SPOUSE, PER THE TERMS OF THE EMPLOYMENT AGREEMENT. THIS BENEFIT IS NON-TAXABLE.
PART I, LINE 4B
EFFECTIVE JANUARY 1, 2013, THE COUNCIL ESTABLISHED A DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. KEN CRERAR, 457(F): NO CONTRIBUTION DURING CALENDAR YEAR 2023.

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

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.

  • THE COUNCIL FOUNDATION

    501(C)(3) · PROMOTE LEADERSHIP IN INSURANCE AGENT/BROKER PROFESSION · DC · controlled entity

  • COUNCIL OF INSURANCE AGENTS & BROKERS PAC

    527 · SUPPORT HOUSE/SENATE CANDIDATES WHO SUPPORT CONCERNS OF AGENTS/BROKERS · DC · controlled entity

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PRODUCTIVITY PLUS INC

    C · INSURANCE PREMIUM FINANCING, LEADERS EDGE MAGAZINE AND OTHER ACTIVITIES · DC · 100% owned · share of income $2,363,222 · share of assets $3,151,930 · controlled entity

    Directly controlled by THE COUNCIL OF INSURANCE AGENTS & BROKERS

Provenance

Return type
form_990
Tax year
2023
Filed
16 October 2024
IRS schema version
2023v5.1
Source object
202443139349302004

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