Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PARTNERS IN EXCELLENCE

  total $10,132,500 · related or exempt $10,132,500

• 2b · Program service revenue: MEMBERSHIP DUES

  total $9,846,270 · related or exempt $9,846,270

• 2c · Program service revenue: CONFERENCES & MEETINGS

  total $5,012,930 · related or exempt $5,012,930

• 2d · Program service revenue: EDUCATIONAL PROGRAMS

  total $842,675 · related or exempt $842,675

• 3 · Investment income

  total $754,459 · excluded $754,459

• 5 · Royalties

  total $2,505,000 · excluded $2,505,000

• 7a · Gross sales of assets other than inventory

  securities $11,823,900

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

  securities $11,551,244

• 7c · Gain or loss

  securities $272,656

• 7d · Net gain or loss

  total $272,656 · excluded $272,656

• 11a · Other revenue: OTHER REVENUE

  total $17,622 · excluded $17,622

• 11e · Other revenue, total

  $17,622

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $115,500

• 5 · Compensation of officers, directors and key employees

  total $6,314,834

• 7 · Other salaries and wages

  total $3,913,062

• 8 · Pension plan contributions

  total $564,003

• 9 · Other employee benefits

  total $635,743

• 10 · Payroll taxes

  total $498,069

• 11b · Fees: legal

  total $1,899,150

• 11c · Fees: accounting

  total $79,300

• 11f · Fees: investment management

  total $106,193

• 11g · Fees: other

  total $163,014

• 13 · Office expenses

  total $79,775

• 14 · Information technology

  total $603,416

• 16 · Occupancy

  total $1,685,311

• 17 · Travel

  total $452,381

• 19 · Conferences, conventions and meetings

  total $4,988,915

• 22 · Depreciation, depletion and amortization

  total $293,482

• 23 · Insurance

  total $91,463

• 24a · Other expenses: LEADERS EDGE SUBS

  total $1,742,706

• 24b · Other expenses: PROGRAM EXPENSES

  total $902,233

• 24c · Other expenses: PUBLICATIONS AND COMMUN

  total $224,402

• 24d · Other expenses: CREDIT CARDS

  total $207,941

• 24e · All other expenses

  total $736,717

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,168,049 · end of year $50,200

• 2 · Savings and temporary cash investments

  beginning of year $2,141,831 · end of year $2,731,012

• 4 · Accounts receivable

  beginning of year $610,805 · end of year $53,766

• 5 · Loans and receivables from officers and key people

  beginning of year $258,647 · end of year $181,667

• 9 · Prepaid expenses and deferred charges

  beginning of year $764,492 · end of year $497,802

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

  $4,256,708

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

  $3,034,758

• 10c · Land, buildings and equipment, net

  beginning of year $1,439,666 · end of year $1,221,950

• 11 · Investments: publicly traded securities

  beginning of year $20,215,358 · end of year $22,397,528

• 12 · Investments: other securities

  beginning of year $3,069,982 · end of year $7,391,159

• 15 · Other assets

  beginning of year $25,535,590 · end of year $20,392,301

• 17 · Accounts payable and accrued expenses

  beginning of year $3,732,633 · end of year $2,873,074

• 19 · Deferred revenue

  beginning of year $2,745,326 · end of year $2,824,992

• 25 · Other liabilities

  beginning of year $22,312,971 · end of year $18,234,563

• 27 · Net assets without donor restrictions

  beginning of year $26,413,490 · end of year $30,984,756

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION PROVIDES FOR BUSINESS TRAVEL (IF APPLICABLE) FOR THE CEO'S SPOUSE. 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 A. CRERAR, 457(F). HE RECEIVED $3,646,451 DURING CALENDAR YEAR 2024.

Related corporations and trusts

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

• PRODUCTIVITY PLUS INC

  C · INSURANCE PREMIUM FINANCING, LEADERS EDGE MAGAINE AND OTHER ACTIVITIES · DC · 100% owned · share of income $3,967,816 · share of assets $2,395,648 · controlled entity

  Directly controlled by THE COUNCIL OF INSURANCE AGENTS & BROKERS