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← AMERICAN ASSOCIATION OF STATE COMPENSATION INSURANCE FUNDS

Form 990 for tax year 2025

Filed by AMERICAN ASSOCIATION OF STATE COMPENSATION INSURANCE FUNDS.

Totals

Total revenue
$1,205,659
Total expenses
$1,104,071
Contributions and grants received
$0
Grants paid
$10,000
Program service revenue
$1,178,984
Investment income
$26,675
Other revenue
$0
Total assets, end of year
$1,288,936
Total liabilities, end of year
$109,578
Net assets or fund balances, end of year
$1,179,358
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: ANNUAL CONFERENCE

    total $949,984 · related or exempt $949,984

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $229,000 · related or exempt $229,000

  • 3 · Investment income

    total $26,675 · excluded $26,675

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000

  • 11a · Fees: management

    total $221,222

  • 11c · Fees: accounting

    total $10,500

  • 11g · Fees: other

    total $31,626

  • 13 · Office expenses

    total $110,812

  • 14 · Information technology

    total $912

  • 17 · Travel

    total $141,117

  • 19 · Conferences, conventions and meetings

    total $411,750

  • 23 · Insurance

    total $4,017

  • 24a · Other expenses: SPEAKER FEES

    total $133,804

  • 24b · Other expenses: GOLF TOURNAMENT

    total $28,311

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $415,655 · end of year $413,371

  • 2 · Savings and temporary cash investments

    beginning of year $792,784 · end of year $742,158

  • 3 · Pledges and grants receivable

    beginning of year $1,100 · end of year $69,955

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,917 · end of year $63,452

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,686 · end of year $3,578

  • 19 · Deferred revenue

    beginning of year $150,000 · end of year $106,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,077,770 · end of year $1,179,358

Mission and programs · 2025

Mission

IMPROVEMENT, REFINEMENT, AND PRESERVATION OF STATE WORKERS COMPENSATION SYSTEMS.

  • THE ORGANIZATION HOSTED MULTIPLE MEETINGS INTENDED TO PROVIDE EDUCATIONAL AND INFORMATION OPPROTUNITIES FOR ITS MEMBERS AND OTHERS INTERESTED IN WORKERS COMPENSATION SYSTEMS.

As filed on the 2025 return.

Listed in Part VII

  • Vern Steiner

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Terry Leve

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Terry Miller

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Kellie Mixon

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeanette Ward

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Holly O'Dell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Michael Bourque

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Chip Terhune

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Amy Kulp

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    15

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.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

990 PAGE 8 LINE 5
THE BOARD IS A VOLUNTEER BOARD AND IS NOT COMPENSATED. THE ASSOCIATION HAS NO EMPLOYEES AND CONTRACTS WITH A THIRD PARTY MANAGEMENT COMPANY TO PERFORM THE ADMINISTRATIVE AND MANAGERIAL FUNCTIONS TRADITIONALLY PERFORMED BY EMPLOYEES. THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF THE MANAGEMENT COMPANY AND IS ONLY COMPENSATED BY THE MANAGEMENT COMPANY AT ITS FULL DISCRETION. THE ASSOCIATION HAS NO CONTROL OVER THAT COMPENSATION. THE BOARD EVALUATES THE WORK OF THE MANAGEMENT COMPANY AND REVIEWS THE CONTRACT FEE PAID AT LEAST ANNUALLY.

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

Provenance

Return type
form_990
Tax year
2025
Filed
17 August 2026
IRS schema version
2025v4.2
Source object
202622319349301312

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