Totals
- Total revenue
- $1,395,416
- Total expenses
- $930,928
- Contributions and grants received
- $562,209
- Grants paid
- $326,545
- Program service revenue
- $207,585
- Investment income
- $663,726
- Other revenue
- -$38,104
- Total assets, end of year
- $14,549,895
- Total liabilities, end of year
- $697,560
- Net assets or fund balances, end of year
- $13,852,335
- Program services expenses (Part IX)
- $847,265
- Management and general expenses
- $83,663
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $847,265
Program services were 91.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
BRADY R KELLEY
EXECUTIVE DIRECTOR
- Total calculated
- $849,275
- From this org
- $0
- From related orgs
- $653,487
- Other
- $195,788
- Hours/week
- 2 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $494,367 related
- Bonus
- $0 + $159,120 related
- Other
- $0
- Deferred
- $0 + $133,428 related
- Nontaxable benefits
- $0 + $62,360 related
- Filer's total
- $0 + $849,275 related
-
NICK ABRAHAM
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
DANIELLE WADE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
DAVID NELSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
MATT LYNCH
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
BRIAN VAN CLEAVE
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
MAUREEN CAVISTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAWN D'ONOFRIO
DIRECTOR (TERM START 9/19/23)
- Total calculated
- $0
- Hours/week
- 1
-
TRIPP DUESENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SARAH GAVLICK
DIRECTOR (TERM END 2023)
- Total calculated
- $0
- Hours/week
- 1
-
GRACE GRANT
DIRECTOR (TERM START 9/19/23)
- Total calculated
- $0
- Hours/week
- 1
-
HANK HALDEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
REGINA KIRWAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER LARSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TERRANCE MEADE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MIKE MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CLINT NOKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KRISTEN SKENDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT ANDERSON
DIRECTOR (TERM END 9/19/23)
- Total calculated
- $0
- Hours/week
- 1
-
JANET JORDAN-FOSTER
DIRECTOR (TERM END 9/19/23)
- Total calculated
- $0
- Hours/week
- 1 + 1 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
- FOUNDATION ACTIVITIES ARE CONDUCTED BY EMPLOYEES OF THE WHOLESALE SPECIALTY & INSURANCE ASSOCIATION (WSIA). WSIA USES A WRITTEN EMPLOYMENT AGREEMENT SPECIFYING EXECUTIVE DIRECTOR COMPENSATION. AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, AND A COMPENSATION SURVEY IS USED TO DETERMINE REASONABLE COMPENSATION. THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THE AGREEMENT ON A PERIODIC BASIS.
- 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, EXECUTIVE DIRECTOR, IS THE SOLE PARTICIPANT OF THE PLAN. ANNUAL CONTRIBUTIONS TO THE PLAN ARE MADE AT THE DISCRETION OF THE COMPENSATION COMMITTEE AND EXECUTIVE COMMITTEE. WSIA MADE CONTRIBUTIONS TO THE PLAN IN THE AMOUNTS OF $92,250 AND $99,450 IN 2021 AND 2022 RESPECTIVELY THAT WERE REPORTABLE ON SCHEDULE J, PART II, COL (C) AND PART VII, SECTION A, COL (F). 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, 2023, CONTRIBUTIONS MADE BY WSIA TOTALED $103,428.
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
-
$90,000
SUSTAINING PARTNERSHIP SUPPORT
-
$12,500
EDUCATION OF TOMORROW'S RISK MANAGEMENT AND INSURANCE LEADERS
-
AM BEST COMPANY INC
$12,015
ANNUAL AM BEST WEBINAR SPONSORSHIP
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.
-
WHOLESALE & SPECIALTY INSURANCE ASSOCIATION
501(C)(6) · MEMBER ORGANIZATION REPRESENTING WHOLESALE, SPECIALTY & SURPLUS LINES · MO
-
501(C)(3) · PROMOTE DIVERSITY IN WHOLESALE, SPECIALTY & SURPLUS LINES INSURANCE INDUSTRY · MO
Directly controlled by WHOLESALE & SPECIALTY INSURANCE ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 June 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441669349301224
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