Form 990 for tax year 2022
Filed by SOCIETY OF CERTIFIED INSURANCE COUNSELORS.
Totals
- Total revenue
- $12,946,993
- Total expenses
- $13,196,624
- Contributions and grants received
- $2,221,662
- Grants paid
- $4,386
- Program service revenue
- $9,699,232
- Investment income
- $373,922
- Other revenue
- $652,177
- Total assets, end of year
- $16,560,827
- Total liabilities, end of year
- $12,623,930
- Net assets or fund balances, end of year
- $3,936,897
- Program services expenses (Part IX)
- $9,342,861
- Management and general expenses
- $3,853,763
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,342,861
Program services were 70.8% 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
$2,221,662
-
2a · Program service revenue: SEMINAR REVEVUES
total $6,348,025 · related or exempt $6,348,025
-
2b · Program service revenue: LICENSEE SPONSORED PROGRAM REVENU
total $3,306,299 · related or exempt $3,306,299
-
2c · Program service revenue: CREDENTIAL AND CE ADMIN FEES
total $44,908 · related or exempt $44,908
-
3 · Investment income
total $179,619 · excluded $179,619
-
6a · Gross rents
real property $16,734
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $16,734
-
6d · Net rental income or loss
total $16,734 · unrelated business $16,734
-
7a · Gross sales of assets other than inventory
securities $194,303
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $194,303
-
7d · Net gain or loss
total $194,303 · excluded $194,303
-
11a · Other revenue: MISCELLANEOUS INCOME
total $550,469 · related or exempt $550,469
-
11b · Other revenue: OTHER INVESTMENT INCOME
total $84,974 · excluded $84,974
-
11e · Other revenue, total
$635,443
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $4,386 · program services $4,386
-
9 · Other employee benefits
total $119,634 · management and general $119,634
-
11a · Fees: management
total $40,212 · management and general $40,212
-
11b · Fees: legal
total $61,088 · management and general $61,088
-
11c · Fees: accounting
total $34,063 · management and general $34,063
-
11g · Fees: other
total $696,322 · management and general $696,322
-
12 · Advertising and promotion
total $419,619 · management and general $419,619
-
13 · Office expenses
total $650,653 · program services $2,717 · management and general $647,936
-
14 · Information technology
total $328,319 · management and general $328,319
-
16 · Occupancy
total $162,052 · management and general $162,052
-
17 · Travel
total $9,027 · management and general $9,027
-
19 · Conferences, conventions and meetings
total $1,393,462 · program services $1,329,235 · management and general $64,227
-
20 · Interest
total $142,989 · management and general $142,989
-
22 · Depreciation, depletion and amortization
total $667,631 · management and general $667,631
-
23 · Insurance
total $234,717 · management and general $234,717
-
24a · Other expenses: INTERCOMPANY MANAGEMENT
total $6,969,549 · program services $6,969,549
-
24b · Other expenses: CREDENTIALING EXPENSE
total $839,055 · program services $839,055
-
24c · Other expenses: ACADEMIC DEVELOPMENT
total $181,400 · program services $181,400
-
24d · Other expenses: PROPERTY AND SALES TAX
total $107,166 · management and general $107,166
-
24e · All other expenses
total $135,280 · program services $16,519 · management and general $118,761
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $41,082 · end of year $66,220
-
2 · Savings and temporary cash investments
beginning of year $10,082,118 · end of year $8,598,032
-
4 · Accounts receivable
beginning of year $1,201,636 · end of year $1,267,786
-
8 · Inventories for sale or use
beginning of year $67,595 · end of year $6,997
-
9 · Prepaid expenses and deferred charges
beginning of year $424,937 · end of year $353,128
-
10a · Land, buildings and equipment: cost or other basis
$11,092,978
-
10b · Land, buildings and equipment: accumulated depreciation
$4,941,216
-
10c · Land, buildings and equipment, net
beginning of year $6,187,812 · end of year $6,151,762
-
12 · Investments: other securities
beginning of year $4,995 · end of year $4,995
-
15 · Other assets
beginning of year $901 · end of year $111,907
-
17 · Accounts payable and accrued expenses
beginning of year $482,296 · end of year $348,753
-
18 · Grants payable
beginning of year $3,195 · end of year $3,195
-
19 · Deferred revenue
beginning of year $2,620,926 · end of year $2,074,120
-
22 · Loans and payables to officers and key people
beginning of year $2,100,716 · end of year $1,876,783
-
25 · Other liabilities
beginning of year $7,193,802 · end of year $8,321,079
-
27 · Net assets without donor restrictions
beginning of year $5,610,141 · end of year $3,936,897
Mission and programs · 2022
Mission
TO PROVIDE EXCELLENT PROGRAMS OF PRACTICAL VALUE TO THE BEST INSURANCE AND RISK MANAGEMENT PRACTITIONERS, AND TO CONTINUALLY WORK TO BRING GREATER RECOGNITION AND VALUE TO THEIR ACHIEVEMENTS.
Activities or mission (Part I)
TO PROVIDE QUALITY CONTINUING PROFESSIONAL EDUCATION TO ALL INSURANCE AND RISK MANAGEMENT PROFESSIONALS.
-
SEMINAR AND INSTITUTE COSTS FOR THE EDUCATION OF CERTIFIEDINSURANCE COUNSELORS, CERTIFIED RISK MANAGERS, CERTIFIED PERSONAL RISK MANAGERS, AND CERTIFIED SCHOOL RISK MANAGERS.
Expenses $9,342,861 · Revenue $10,249,701
As filed on the 2022 return.
Listed in Part VII
-
Aimee E Kilpatrick Cic CrmAIMEE E KILPATRICK CIC CRM
IMMEDIATE PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Philip T Kramer Cic CpcuPHILIP T KRAMER CIC CPCU
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Griff Griffith CPA Cic CrmGRIFF GRIFFITH CPA CIC CRM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Gabriel Gabe Portillo CicGABRIEL GABE PORTILLO CIC
MEMBER-AT-LARGE
- Total calculated
- $0
- Hours/week
- 5
-
Denise D Brown Cic Cpcu Ains AicDENISE D BROWN CIC CPCU AINS AIC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Anna Brusco Cic CprmANNA BRUSCO CIC CPRM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Jack H Elliott Jr Cic Cisr SotpJACK H ELLIOTT JR CIC CISR SOTP
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Chris Kerr Cic CisrCHRIS KERR CIC CISR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Travis McDavid CicTRAVIS MCDAVID CIC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Sharon Posman Cic Cprm Cisr AfisSHARON POSMAN CIC CPRM CISR AFIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
R Kevin Ray Cic Cpcu Au Ains AiR KEVIN RAY CIC CPCU AU AINS AI
MEMBER-AT-LARGE
- Total calculated
- $0
- Hours/week
- 5
-
Karen Reynolds CicKAREN REYNOLDS CIC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
David M Saldon CicDAVID M SALDON CIC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Lindsey A Shank CicLINDSEY A SHANK CIC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
S Cole Tucker Jr Cic Crm LutcfS COLE TUCKER JR CIC CRM LUTCF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
David A Walker Cic Crm Arm AaiDAVID A WALKER CIC CRM ARM AAI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Mark E Wall Cic Crm Cpcu ArmMARK E WALL CIC CRM CPCU ARM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
William T Hold PhD Cic Cpcu ClWILLIAM T HOLD PHD CIC CPCU CL
EXECUTIVE CHAIRMAN
- Total calculated
- $337,620
- From this org
- $0
- From related orgs
- $323,895
- Other
- $13,725
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $0 + $320,950 related
- Bonus
- $0 + $2,945 related
- Other
- $0
- Deferred
- $0 + $13,725 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $337,620 related
-
William J Hold MBA Crm CisrWILLIAM J HOLD MBA CRM CISR
CHIEF EXECUTIVE OFFICER/PR
- Total calculated
- $586,592
- From this org
- $0
- From related orgs
- $572,867
- Other
- $13,725
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $0 + $350,000 related
- Bonus
- $0 + $222,867 related
- Other
- $0
- Deferred
- $0 + $13,725 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $586,592 related
-
Mitch Dunford MBAMITCH DUNFORD MBA
CHIEF MARKETING OFFICER
- Total calculated
- $294,698
- From this org
- $0
- From related orgs
- $288,198
- Other
- $6,500
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $0 + $175,000 related
- Bonus
- $0 + $113,198 related
- Other
- $0
- Deferred
- $0 + $6,500 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $294,698 related
-
Alex LekhrajALEX LEKHRAJ
CHIEF OPERATING OFFICER
- Total calculated
- $299,218
- From this org
- $0
- From related orgs
- $286,356
- Other
- $12,862
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $0 + $175,000 related
- Bonus
- $0 + $111,356 related
- Other
- $0
- Deferred
- $0 + $12,862 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $299,218 related
-
Bettie J DuffBETTIE J DUFF
SECRETARY
- Total calculated
- $0
- Hours/week
- 20
-
Danielle D JaneckaDANIELLE D JANECKA
CHIEF EXPERIENCE OFFICER
- Total calculated
- $262,373
- From this org
- $0
- From related orgs
- $251,110
- Other
- $11,263
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $0 + $175,000 related
- Bonus
- $0 + $76,110 related
- Other
- $0
- Deferred
- $0 + $11,263 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $262,373 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
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
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)
- PART I, LINE 3
- COMPENSATION OF THE CEO IS DETERMINED AND APPROVED BY THE BOARD OF GOVERNORS.
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
No itemized grants to organizations 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.
-
SOCIETY OF CERTIFIED INSURANCE SERVICE REPRESENTATIVES INC
501(C)(6) · EDUCATION · TX
-
THE ACADEMY OF PRODUCER INSURANCE STUDIES INC
501(C)(3) · RESEARCH · TX
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CERTIFIED RISK MANAGERS INTNL SA DE CV
C · EDUCATION · MX · 95% owned
Directly controlled by SOCIETY OF CIC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349306477
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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