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← RISK AND INSURANCE MANAGEMENT SOCIETY INC

Form 990 for tax year 2024

Filed by RISK AND INSURANCE MANAGEMENT SOCIETY INC.

Totals

Total revenue
$21,678,293
Total expenses
$20,571,061
Contributions and grants received
$0
Grants paid
$187,565
Program service revenue
$20,113,328
Investment income
$853,290
Other revenue
$711,675
Total assets, end of year
$22,200,138
Total liabilities, end of year
$15,537,452
Net assets or fund balances, end of year
$6,662,686
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: CONFERENCE/SEMINARS

    total $14,540,377 · related or exempt $14,540,377

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $2,904,873 · related or exempt $2,904,873

  • 2c · Program service revenue: PROFESSIONAL DEVELOPMENT

    total $1,212,491 · related or exempt $1,212,491

  • 2d · Program service revenue: ADMINISTRATIVE FEES

    total $1,136,996 · related or exempt $1,136,996

  • 2e · Program service revenue: ADVERTISING

    total $305,379 · related or exempt $74,479 · unrelated business $230,900

  • 2f · All other program service revenue

    total $13,212 · related or exempt $13,212

  • 3 · Investment income

    total $431,947 · excluded $431,947

  • 5 · Royalties

    total $73,898 · excluded $73,898

  • 6a · Gross rents

    real property $540,922

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $540,922

  • 6d · Net rental income or loss

    total $540,922 · excluded $540,922

  • 7a · Gross sales of assets other than inventory

    securities $2,517,000

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

    securities $2,095,657

  • 7c · Gain or loss

    securities $421,343

  • 7d · Net gain or loss

    total $421,343 · excluded $421,343

  • 11a · Other revenue: RIMS CAREER CENTER

    total $50,433 · unrelated business $50,433

  • 11b · Other revenue: MISCELLANEOUS

    total $28,513 · excluded $28,513

  • 11c · Other revenue: SURVEY INCOME

    total $10,360 · excluded $10,360

  • 11d · All other revenue

    total $7,549 · excluded $7,549

  • 11e · Other revenue, total

    $96,855

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $131,381

  • 3 · Grants to foreign organizations and individuals

    total $56,184

  • 5 · Compensation of officers, directors and key employees

    total $2,360,092

  • 7 · Other salaries and wages

    total $5,262,422

  • 9 · Other employee benefits

    total $795,140

  • 10 · Payroll taxes

    total $484,610

  • 11b · Fees: legal

    total $30,282

  • 11c · Fees: accounting

    total $68,058

  • 11f · Fees: investment management

    total $37,319

  • 11g · Fees: other

    total $1,561,025

  • 12 · Advertising and promotion

    total $261,672

  • 13 · Office expenses

    total $646,020

  • 14 · Information technology

    total $2,435,896

  • 16 · Occupancy

    total $872,701

  • 17 · Travel

    total $738,570

  • 19 · Conferences, conventions and meetings

    total $1,757,628

  • 20 · Interest

    total $47,019

  • 22 · Depreciation, depletion and amortization

    total $91,613

  • 23 · Insurance

    total $301,400

  • 24a · Other expenses: FOOD & BEVERAGE EXPENSE

    total $1,368,507

  • 24b · Other expenses: FACILITIES/EQUIPMENT RE

    total $666,939

  • 24c · Other expenses: CERTIFICATION EXPENSES

    total $168,485

  • 24d · Other expenses: MINOR EQUIPMENT

    total $102,510

  • 24e · All other expenses

    total $325,588

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,567,024 · end of year $1,376,153

  • 2 · Savings and temporary cash investments

    beginning of year $957,547 · end of year $1,481,969

  • 4 · Accounts receivable

    beginning of year $290,251 · end of year $458,038

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,036,304 · end of year $1,109,549

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

    $4,662,129

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

    $4,122,625

  • 10c · Land, buildings and equipment, net

    beginning of year $573,281 · end of year $539,504

  • 11 · Investments: publicly traded securities

    beginning of year $9,797,340 · end of year $11,051,183

  • 14 · Intangible assets

    beginning of year $673,277 · end of year $700,849

  • 15 · Other assets

    beginning of year $6,053,472 · end of year $5,482,893

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,818,191 · end of year $1,553,927

  • 19 · Deferred revenue

    beginning of year $6,112,941 · end of year $6,189,620

  • 25 · Other liabilities

    beginning of year $8,804,028 · end of year $7,793,905

  • 27 · Net assets without donor restrictions

    beginning of year $5,213,336 · end of year $6,662,686

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

THE RISK AND INSURANCE MANAGEMENT SOCIETY, INC. EMPOWERS RISK PROFESSIONALS TO MAKE THE WORLD SAFER, MORE SECURE, AND MORE SUSTAINALBE.RIMS CONFERENCES DELIVER PREMIER RISK MANAGEMENT EDUCATION THROUGH EXPERT SPEAKERS, PRACTICAL PRESENTATIONS, AND PEER KNOWLEDGE SHARING. THIS PROGRAM OVERSEES THE PLANNING AND PRODUCTION OF RISKWORLD - THE FLAGSHIP ANNUAL CONFERENCE & EXHIBITION - ALONG WITH THE ERM CONFERENCE AND THE ANNUAL CANADA CONFERENCE. RISKWORLD IS THE LEADING EVENT FOR RISK PROFESSIONALS, ATTRACTING NEARLY 9,000 ATTENDEES WORLDWIDE IN 2022 AND OVER 10,000 IN 2024, FEATURING IN-DEPTH LEARNING FOR ALL CAREER LEVELS AND A DYNAMIC MARKETPLACE WITH 400+ EXHIBITORS.

Activities or mission (Part I)

TO EDUCATE, ENGAGE AND ADVOCATE FOR THE GLOBAL RISK MANAGEMENT COMMUNITY.

  • RIMS CONFERENCES DELIVER PREMIER RISK MANAGEMENT EDUCATION THROUGH EXPERT SPEAKERS, PRACTICAL PRESENTATIONS, AND PEER KNOWLEDGE SHARING. THIS PROGRAM OVERSEES THE PLANNING AND PRODUCTION OF RISKWORLD - THE FLAGSHIP ANNUAL CONFERENCE & EXHIBITION - ALONG WITH THE ERM CONFERENCE, RIMS TEXAS, THE ANNUAL CANADA CONFERENCE AND OTHER EVENTS. RISKWORLD IS THE LEADING EVENT FOR RISK PROFESSIONALS, ATTRACTING 10,000 PLUS ATTENDEES, FEATURING IN-DEPTH LEARNING FOR ALL CAREER LEVELS AND A DYNAMIC MARKETPLACE WITH 400+ EXHIBITORS.

  • MEMBERSHIP - THE MEMBERSHIP PROGRAM SUPPORTS RIMS' GLOBAL COMMUNITY OF RISK PROFESSIONALS BY DRIVING MEMBER ENGAGEMENT, RECRUITMENT, AND RETENTION. IT FOSTERS PROFESSIONAL GROWTH THROUGH NETWORKING, EDUCATION, AND LEADERSHIP DEVELOPMENT INITIATIVES, WHILE OFFERING RESOURCES LIKE CAREER TOOLS, SURVEYS, AND STUDENT PROGRAMS TO PREPARE THE NEXT GENERATION OF RISK LEADERS.

  • KNOWLEDGE AND LEARNING - RIMS PROVIDES COMPREHENSIVE LEARNING AND DEVELOPMENT PROGRAMS, INCLUDING STUDENT AND MEMBER INITIATIVES, PROFESSIONAL COMMUNITIES, AND A VARIETY OF EDUCATIONAL FORMATS SUCH AS COURSES, WORKSHOPS, WEBINARS, AND CERTIFICATIONS. THESE OFFERINGS FOCUS ON ESSENTIAL RISK MANAGEMENT SKILLS AND LEADERSHIP DEVELOPMENT FOR ALL CAREER LEVELS.

  • PUBLICATIONS - RISK MANAGEMENT MAGAZINE IS RIMS' FLAGSHIP PUBLICATION AND INCLUDES ARTICLES OF INTEREST TO PROFESSIONALS RESPONSIBLE FOR RISK AND INSURANCE MANAGEMENT IN BUSINESS AND INDUSTRIAL FIRMS, PUBLIC ADMINISTRATION AND GOVERNMENT, INSURANCE COMPANIES, AGENTS AND BROKERS, BUSINESS SERVICES AND OTHERS ALLIED TO THE FIELD. BY PROVIDING IN-DEPTH ANALYSIS OF THE WORLD OF RISK, RISK MANAGEMENT MAGAZINE IS A VITAL SOURCE OF PERTINENT INFORMATION FOR RISK PROFESSIONALS AND THOSE WHO ENGAGE WITH RISK PROFESSIONALS. THE DIGITAL MAGAZINE IS PUBLISHED 12 TIMES ANNUALLY AND IS SUPPORTED BY AN ONLINE SITE CONTAINING ROBUST DIGITAL CONTENT AND THE RISK MANAGEMENT MONITOR BLOG, WHICH OFFERS DAILY COVERAGE AND ANALYSIS OF THE LATEST RISK-RELATED NEWS AND ISSUES. RISK-WIRE, DISTRIBUTED TWICE PER WEEK, IS AN EXCLUSIVE NEWS SERVICE FOR RIMS MEMBERS THAT PROVIDES AN EXECUTIVE SUMMARY AND LINKS TO THE MOST IMPORTANT RISK MANAGEMENT STORIES OF THE DAY. ADDITIONAL ONLINE RESOURCES THAT PROVIDE TODAY'S RISK PROFESSIONALS WITH KNOWLEDGE, TOOLS AND RESOURCES THEY NEED TO BE SUCCESSFUL INCLUDE THE STRATEGIC & ENTERPRISE RISK CENTER AND RISK KNOWLEDGE SEARCHABLE CONTENT LIBRARY WHICH ARE AVAILABLE TO BOTH MEMBERS AND THE GENERAL PUBLIC. ADDITIONALLY, THIS AREA ENCOMPASSES RIMS STRATEGIC INITIATIVES AND ENTERPRISE RISK PRACTICE WHICH ENLARGES THE VALUE PROPOSITION FOR RISK MANAGEMENT AS A STRATEGIC BUSINESS DISCIPLINE TO ENCOMPASS VALUE CREATION AND CAPTURE (THE UPSIDE OF UNCERTAINTY), AS WELL AS VALUE PROTECTION (THE DOWNSIDE OF UNCERTAINTY). IN LEADING NEW RESEARCH AND THE DEVELOPMENT OF INNOVATIVE, YET PRAGMATIC, STRATEGIC AND OPERATIONAL RISK PRACTICES THAT ARE APPLICABLE ACROSS ALL TYPES OF ORGANIZATIONS, THE PRACTICE'S MAIN OBJECTIVE IS TO DRIVE INCREMENTAL AND RECURRING REVENUE STREAMS FOR RIMS BY BROADENING ITS MEMBERSHIP AND DELIVERING SPECIFIC PRODUCTS AND SERVICES THAT PROVIDE UNIQUE AND PRACTICAL VALUE FOR ITS CURRENT AND NEW MEMBERS. IN 2021, RIMS BROUGHT ITS RIMS RISK MATURITY MODEL IN HOUSE, ENHANCING THE INTERACTIVE MODEL WHICH FOCUSES ON THE ELEMENTS AND CHARACTERISTICS CONSIDERED IMPORTANT FOR MATURING RISK MANAGEMENT CAPABILITIES. THE MODEL, BUILT BY RISK PROFESSIONALS FOR RISK PROFESSIONALS, WAS ENHANCED USING RIMS SUBJECT MATTER EXPERTS AND EXTERNAL SOFTWARE DEVELOPERS.

  • PUBLIC POLICY (FORMERLY EXTERNAL AFFAIRS) - THIS PROGRAM ENCOMPASSES GOVERNMENT AFFAIRS, ADVOCACY AND EXTERNAL COMMUNICATIONS. GOVERNMENT AFFAIRS FOCUSES ON U.S. FEDERAL, STATE AND CANADIAN FEDERAL AND PROVINCIAL LEGISLATIVE AND REGULATORY ISSUES THAT IMPACT THE RISK MANAGEMENT COMMUNITY AND MAINTAINS A STANDING EXTERNAL AFFAIRS COMMITTEE THAT IS RESPONSIBLE FOR CRAFTING RIMS POSITION STATEMENTS, COMPOSING LETTERS TO MEMBERS OF CONGRESS AND ESTABLISHING RIMS LEGISLATIVE PRIORITIES. THE PROGRAM CONDUCTS LOBBYING AT ALL LEVELS OF GOVERNMENT THROUGH AN ASSORTMENT OF STRATEGIES, INCLUDING THE ANNUAL RIMS LEGISLATIVE SUMMIT, WHICH BRINGS RISK PROFESSIONALS TO WASHINGTON, D.C. TO FURTHER THE AGENDA OF THE RISK MANAGEMENT COMMUNITY. THE GOVERNMENT AFFAIRS PROGRAM MAINTAINS CONTACT WITH ITS MEMBERS THROUGHOUT NORTH AMERICA REGARDING ALL LEGISLATIVE DEVELOPMENT VIA THE RIMS WEBSITE, NEWSLETTERS AND E-MAIL ALERTS AND OFFERS RESOURCES ON ADVOCACY TO MEMBERS AND NONMEMBERS.

  • CERTIFICATION - RIMS OFFERS THE ONLY COMPETENCY-BASED RISK MANAGEMENT CREDENTIAL, AN ACCREDITED RIMS-CRMP CERTIFICATION THAT VALIDATES PERFORMANCE ABILITY, TECHNICAL KNOWLEDGE AND COMMITMENT TO RISK MANAGEMENT QUALITY STANDARDS. IT REPRESENTS THE STANDARD OF EDUCATION, EXPERIENCE AND ETHICS THAT DISCIPLINE REQUIRES AND ALLOWS CERTIFICATION HOLDERS TO DEMONSTRATE THEIR KNOWLEDGE, COMPETITIVE ADVANTAGE AND COMMITMENT TO QUALITY AND ETHICS. RIMS ALSO ADMINISTERS THE CANADIAN RISK MANAGEMENT (CRM) DESIGNATION, A CREDENTIAL RECOGNIZED ACROSS BOTH PUBLIC AND PRIVATE SECTORS. THIS DESIGNATION PROVIDES RISK PROFESSIONALS WITH FOUNDATIONAL COMPETENCIES IN IDENTIFYING, ASSESSING, MONITORING, AND MITIGATING RISK. IT IS REGARDED AS A KEY CONTRIBUTOR TO PROFESSIONAL CREDIBILITY AND CAREER ADVANCEMENT WITHIN THE RISK MANAGEMENT FIELD.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Arick

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kristen Peed

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kevin Bates

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Manuel Padilla

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Ann Barry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Penni Chambers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • John Kline

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • William Lehman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Tamieka Weeks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Christie Weinstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Robert Zhang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jennifer Santiago

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Christy Kauffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Gary Labranche

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $642,976
    From this org
    $550,440
    From related orgs
    $0
    Other
    $92,536
    Hours/week
    34.75 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $500,183
    Bonus
    $50,257
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $62,036
    Filer's total
    $642,976

  • Katherine Gledhill

    CHIEF FINANCIAL OFFICER

    Total calculated
    $261,990
    From this org
    $240,090
    From related orgs
    $0
    Other
    $21,900
    Hours/week
    34.75 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $230,090
    Bonus
    $10,000
    Other
    $0
    Deferred
    $21,121
    Nontaxable benefits
    $779
    Filer's total
    $261,990

  • Mark Prysock

    GENERAL COUNSEL

    Total calculated
    $312,439
    From this org
    $271,360
    From related orgs
    $0
    Other
    $41,079
    Hours/week
    34.75 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $259,360
    Bonus
    $12,000
    Other
    $0
    Deferred
    $21,178
    Nontaxable benefits
    $19,901
    Filer's total
    $312,439

  • Annette Homan

    CHIEF OPERATING OFFICER

    Total calculated
    $312,584
    From this org
    $259,579
    From related orgs
    $0
    Other
    $53,005
    Hours/week
    34.75 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $249,579
    Bonus
    $10,000
    Other
    $0
    Deferred
    $21,575
    Nontaxable benefits
    $31,430
    Filer's total
    $312,584

  • Michael Peters

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $325,368
    From this org
    $254,705
    From related orgs
    $0
    Other
    $70,663
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $242,705
    Bonus
    $12,000
    Other
    $0
    Deferred
    $21,343
    Nontaxable benefits
    $49,320
    Filer's total
    $325,368

  • Stuart Ruff-Lyon

    CHIEF SALES & EVENTS OFFICER

    Total calculated
    $268,668
    From this org
    $230,175
    From related orgs
    $0
    Other
    $38,493
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $216,175
    Bonus
    $14,000
    Other
    $0
    Deferred
    $18,484
    Nontaxable benefits
    $20,009
    Filer's total
    $268,668

  • Leslie Whittet

    CHIEF MEMBER EXPERIENCE OFFICER

    Total calculated
    $236,066
    From this org
    $202,665
    From related orgs
    $0
    Other
    $33,401
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $193,665
    Bonus
    $9,000
    Other
    $0
    Deferred
    $13,500
    Nontaxable benefits
    $19,901
    Filer's total
    $236,066

  • Denise Teresa Osorio

    VP-PROFESSIONAL DEVELOPMENT

    Total calculated
    $216,652
    From this org
    $200,957
    From related orgs
    $0
    Other
    $15,695
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $189,957
    Bonus
    $11,000
    Other
    $0
    Deferred
    $15,695
    Nontaxable benefits
    $0
    Filer's total
    $216,652

  • Bereket Haile

    CONTROLLER

    Total calculated
    $183,450
    From this org
    $161,269
    From related orgs
    $0
    Other
    $22,181
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $158,269
    Bonus
    $3,000
    Other
    $0
    Deferred
    $10,261
    Nontaxable benefits
    $11,920
    Filer's total
    $183,450

  • Rohit Palrecha

    SENIOR DATA ANALYTICS MANAGER

    Total calculated
    $174,104
    From this org
    $161,397
    From related orgs
    $0
    Other
    $12,707
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $155,397
    Bonus
    $6,000
    Other
    $0
    Deferred
    $12,707
    Nontaxable benefits
    $0
    Filer's total
    $174,104

  • Scott Baldridge

    SYSTEMS ENGINEER MANAGER

    Total calculated
    $204,162
    From this org
    $161,184
    From related orgs
    $0
    Other
    $42,978
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $154,184
    Bonus
    $7,000
    Other
    $0
    Deferred
    $13,544
    Nontaxable benefits
    $29,434
    Filer's total
    $204,162

  • Richard Ofosu

    DIRECTOR OF SALES

    Total calculated
    $215,934
    From this org
    $157,931
    From related orgs
    $0
    Other
    $58,003
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $151,931
    Bonus
    $6,000
    Other
    $0
    Deferred
    $13,025
    Nontaxable benefits
    $44,978
    Filer's total
    $215,934

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
  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
TRAVEL COSTS WERE COVERED FOR KAREN LABRANCHE, WIFE OF CEO GARY LABRANCHE. GARY LABRANCHE, CEO, WAS PROVIDED WITH GROSSED UP TAX COVERAGE.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202543189349313444

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