Form 990 for tax year 2023
Filed by AMERICAN RISK & INSURANCE ASSN INC.
Totals
- Total revenue
- $440,816
- Total expenses
- $546,857
- Contributions and grants received
- $129,576
- Grants paid
- $0
- Program service revenue
- $280,612
- Investment income
- $26,266
- Other revenue
- $4,362
- Total assets, end of year
- $894,857
- Total liabilities, end of year
- $60,276
- Net assets or fund balances, end of year
- $834,581
- Program services expenses (Part IX)
- $521,593
- Management and general expenses
- $25,264
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $521,593
Program services were 95.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1b · Membership dues
$76,076
-
1f · All other contributions, gifts and grants
$53,500
-
2a · Program service revenue: PUBLICATIONS
total $218,982 · unrelated business $0 · excluded $0
-
2b · Program service revenue: ANNUAL MEETING
total $61,630 · unrelated business $0 · excluded $0
-
3 · Investment income
total $26,266 · unrelated business $0 · excluded $26,266
-
11a · Other revenue: Commissions
total $3,703 · related or exempt $3,703 · unrelated business $0 · excluded $0
-
11b · Other revenue: Miscellaneous
total $659 · related or exempt $659 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$4,362
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $31,099 · program services $31,099
-
11a · Fees: management
total $130,000 · program services $114,736 · management and general $15,264 · fundraising $0
-
11b · Fees: legal
total $1,369 · program services $1,217 · management and general $152 · fundraising $0
-
11c · Fees: accounting
total $6,301 · program services $5,602 · management and general $699 · fundraising $0
-
11g · Fees: other
total $26,540 · program services $25,125 · management and general $1,415 · fundraising $0
-
12 · Advertising and promotion
total $1,000 · program services $889 · management and general $111 · fundraising $0
-
13 · Office expenses
total $27,234 · program services $26,321 · management and general $913 · fundraising $0
-
14 · Information technology
total $5,785 · program services $5,586 · management and general $199 · fundraising $0
-
19 · Conferences, conventions and meetings
total $177,262 · program services $176,731 · management and general $531 · fundraising $0
-
23 · Insurance
total $11,379 · program services $10,116 · management and general $1,263 · fundraising $0
-
24a · Other expenses: PUBLICATIONS
total $104,336 · program services $102,344 · management and general $1,992 · fundraising $0
-
24b · Other expenses: BAD DEBTS EXPENSE
total $24,552 · program services $21,827 · management and general $2,725 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $286,607 · end of year $154,144
-
4 · Accounts receivable
beginning of year $56,267 · end of year $40,610
-
9 · Prepaid expenses and deferred charges
beginning of year $26,614 · end of year $11,573
-
11 · Investments: publicly traded securities
beginning of year $611,327 · end of year $688,530
-
15 · Other assets
beginning of year $4,662 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $37,710 · end of year $5,212
-
19 · Deferred revenue
end of year $55,064
-
27 · Net assets without donor restrictions
beginning of year $947,767 · end of year $834,581
-
28 · Net assets with donor restrictions
beginning of year $0
Mission and programs · 2023
Mission
TO FURTHER THE SCIENCE OF RISK AND INSURANCE THROUGH EDUCATION, RESEARCH, LITERATURE AND COMMUNICATIONS.
-
TO EXPAND AND IMPROVE ACADEMIC INSTRUCTION TO STUDENTS OF RISK MANAGEMENT AND INSURANCE THROUGH AN EMPHASIS ON THE ECONOMIC, FINANCIAL, LEGAL, MANAGERIAL AND SOCIAL ASPECTS OF RISK AND UNCERTAINTY; TO ENCOURAGE RESEARCH ON ALL SIGNIFICANT ASPECTS OF RISK MANAGEMENT AND INSURANCE, AND TO COMMUNICATE THE FINDINGS; TO PROVIDE FORUMS FOR SCHOLARLY DISCUSSION OF RISK MANAGEMENT AND INSURANCE MATTERS; TO PUBLISH MATERIALS WHICH CONTRIBUTE TO THE GENERAL PURPOSE OF THE ASSOCIATION; TO DEVELOP AND MAINTAIN RELATIONS WITH OTHER AMERICAN AND FOREIGN ORGANIZATIONS WITH SIMILAR OBJECTIVES OR INTERESTS.
Expenses $521,593 · Revenue $284,974
As filed on the 2023 return.
Listed in Part VII
-
Weili LuWEILI LU
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
David EcklesDAVID ECKLES
FIRST VP/TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Lars PowellLARS POWELL
SECOND VP/PROGRAM CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Randy DummRANDY DUMM
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Daniel BauerDANIEL BAUER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Thomas Berry-StolzleTHOMAS BERRY-STOLZLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Cassandra ColeCASSANDRA COLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff CzajkowskiJEFF CZAJKOWSKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Enya HeENYA HE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Annette HofmannANNETTE HOFMANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Petra SteinorthPETRA STEINORTH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Andre LiebenbergANDRE LIEBENBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Virginia PhillipsVIRGINIA PHILLIPS
EXECUTIVE DIRECTOR (2023)
- Total calculated
- $0
- Hours/week
- 20
-
MacKenzie KelleyMACKENZIE KELLEY
EXECUTIVE DIRECTOR (INCOMING)
- Total calculated
- $0
- Hours/week
- 20
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 22 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442119349300439
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