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Nonprofiteer
← LL GLOBAL INC

Form 990 for tax year 2022

Filed by LL GLOBAL INC.

Totals

Total revenue
$52,822,064
Total expenses
$52,598,584
Contributions and grants received
$37,500
Grants paid
$0
Program service revenue
$51,967,868
Investment income
$816,696
Other revenue
$0
Total assets, end of year
$70,319,752
Total liabilities, end of year
$25,165,053
Net assets or fund balances, end of year
$45,154,699
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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.

  • 1f · All other contributions, gifts and grants

    $37,500

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $32,182,420 · related or exempt $32,182,420

  • 2b · Program service revenue: ENROLLMENT FEES

    total $11,984,737 · related or exempt $11,984,737

  • 2c · Program service revenue: CONFERENCE REVENUE

    total $6,283,922 · related or exempt $6,283,922

  • 2d · Program service revenue: Custom research

    total $504,025 · related or exempt $504,025

  • 2e · Program service revenue: Industry Solutions

    total $421,585 · related or exempt $421,585

  • 2f · All other program service revenue

    total $591,179 · related or exempt $591,179 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,189,061 · excluded $1,189,061

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $22,831,235

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

    securities $23,203,600

  • 7c · Gain or loss

    securities -$372,365 · other assets $0

  • 7d · Net gain or loss

    total -$372,365 · excluded -$372,365

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $5,131,253

  • 7 · Other salaries and wages

    total $23,634,747

  • 8 · Pension plan contributions

    total $1,203,346

  • 9 · Other employee benefits

    total $5,622,471

  • 10 · Payroll taxes

    total $2,088,517

  • 11b · Fees: legal

    total $304,747

  • 11c · Fees: accounting

    total $199,239

  • 11g · Fees: other

    total $2,812,321

  • 12 · Advertising and promotion

    total $21,483

  • 13 · Office expenses

    total $3,607,455

  • 16 · Occupancy

    total $1,157,546

  • 17 · Travel

    total $668,376

  • 19 · Conferences, conventions and meetings

    total $4,051,860

  • 22 · Depreciation, depletion and amortization

    total $1,046,925

  • 23 · Insurance

    total $323,443

  • 24a · Other expenses: Data Collection

    total $724,855

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,914,703 · end of year $7,409,971

  • 2 · Savings and temporary cash investments

    beginning of year $3,815,848 · end of year $2,675,273

  • 4 · Accounts receivable

    beginning of year $1,965,636 · end of year $1,379,756

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,706,882 · end of year $3,012,941

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

    $24,319,291

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

    $18,964,701

  • 10c · Land, buildings and equipment, net

    beginning of year $5,657,344 · end of year $5,354,590

  • 11 · Investments: publicly traded securities

    beginning of year $49,587,934 · end of year $35,095,111

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $14,459,340 · end of year $15,392,110

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,201,466 · end of year $7,003,873

  • 19 · Deferred revenue

    beginning of year $10,838,246 · end of year $3,361,575

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $17,246,693 · end of year $14,799,605

  • 27 · Net assets without donor restrictions

    beginning of year $46,821,282 · end of year $45,154,699

Mission and programs · 2022

Mission

TO PROVIDE BENEFITS TO THE INSURANCE INDUSTRY AS A WHOLE THROUGH RESEARCH AND EDUCATION.

  • LL GLOBAL, INC IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY AS A PROFESSIONAL AND TRADE ASSOCIATION THROUGH WHICH LIFE INSURANCE, HEALTH INSURANCE, AND OTHER COMPANIES AND PERSONS INVOLVED IN THE FINANCIAL SERVICES OR RETIREMENT SERVICES INDUSTRIES, MAY ENGAGE IN COOPERATIVE ACTIVITIES, HAVING AS THEIR AIM THE IMPROVEMENT OF SUCH COMPANIES AND THEIR OPERATION. THE PURPOSE OF THE CORPORATION SHALL INCLUDE, BUT IS NOT LIMITED TO, THE EXCHANGE OF IDEAS PERTAINING TO COMPANY OPERATIONS, MARKETING, DISTRIBUTION, COOPERATIVE RESEARCH PROJECTS AND EDUCATIONAL PROGRAMS RELATED TO SUCH COMPANIES AND THEIR OPERATIONS. IN FURTHERANCE OF ANY OR ALL THE FOREGOING ACTIVITIES AND PURPOSE, BUT SUBJECT TO THE RESTRICTIONS OF THE CERTIFICATE OF INCORPORATION, THE CORPORATION MAY ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH CORPORATIONS MAY BE INFORMED UNDER THE NONSTOCK ACT.

As filed on the 2022 return.

Listed in Part VII

  • Adrian Griggs

    Vice Chair

    Total calculated
    $0
    Hours/week
    5

  • DAVID LEVENSON

    PRESIDENT & CEO

    Total calculated
    $2,890,697
    From this org
    $2,839,902
    From related orgs
    $0
    Other
    $50,795
    Hours/week
    33 + 17 related

    Schedule J breakdown matched by us

    Base
    $1,687,580
    Bonus
    $1,150,000
    Other
    $2,322
    Deferred
    $22,189
    Nontaxable benefits
    $28,606
    Filer's total
    $2,890,697

  • Neil Sprackling

    Chair

    Total calculated
    $0
    Hours/week
    5

  • Aaron Ball

    Director (beg Oct 2022)

    Total calculated
    $0
    Hours/week
    5

  • Amy Friedrich

    Director

    Total calculated
    $0
    Hours/week
    5

  • Brooks Tingle

    Director

    Total calculated
    $0
    Hours/week
    5

  • Caroline Feeney

    Director

    Total calculated
    $0
    Hours/week
    5

  • Chris Blunt

    Director (beg Oct 2022)

    Total calculated
    $0
    Hours/week
    5

  • Gordon Watson

    Director

    Total calculated
    $0
    Hours/week
    5

  • Jacques Goulet

    Director (until Oct 2022)

    Total calculated
    $0
    Hours/week
    5

  • Jamie Ohl

    Director (beg June 2022)

    Total calculated
    $0
    Hours/week
    5

  • Jasmine Jirele

    Director

    Total calculated
    $0
    Hours/week
    5

  • John Cai

    Director

    Total calculated
    $0
    Hours/week
    5

  • John Grogan

    Director

    Total calculated
    $0
    Hours/week
    5

  • John Vaccaro

    Director (until Oct 2022)

    Total calculated
    $0
    Hours/week
    5

  • Jonathan Bennett

    Director

    Total calculated
    $0
    Hours/week
    5

  • Joseph Monk

    Director

    Total calculated
    $0
    Hours/week
    5

  • Mark Holweger

    Director

    Total calculated
    $0
    Hours/week
    5

  • Mary Jane Fortin

    Director

    Total calculated
    $0
    Hours/week
    5

  • Matthew Grove

    Director

    Total calculated
    $0
    Hours/week
    5

  • Max Brodn

    Director (beg March 2022)

    Total calculated
    $0
    Hours/week
    5

  • Michael Simonds

    Director

    Total calculated
    $0
    Hours/week
    5

  • Mike James

    Director (beg Oct 2022)

    Total calculated
    $0
    Hours/week
    5

  • Mike Temple

    Director (until June 2022)

    Total calculated
    $0
    Hours/week
    5

  • Rene Laflamme

    Director (beg Oct 2022)

    Total calculated
    $0
    Hours/week
    5

  • Rob Arena

    Director (until Oct 2022)

    Total calculated
    $0
    Hours/week
    5

  • Todd Katz

    Director

    Total calculated
    $0
    Hours/week
    5

  • Todd Solash

    Director (beg March 2022)

    Total calculated
    $0
    Hours/week
    5

  • Wade Harrison

    Director (beg June 2022)

    Total calculated
    $0
    Hours/week
    5

  • DAVID VUJS

    ASSISTANT CORPORATE SECRETARY AND CO

    Total calculated
    $153,198
    From this org
    $134,663
    From related orgs
    $0
    Other
    $18,535
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $133,129
    Bonus
    $0
    Other
    $1,534
    Deferred
    $8,343
    Nontaxable benefits
    $10,192
    Filer's total
    $153,198

  • GINA BIRCHAL

    CHIEF OPERATING OFFICER

    Total calculated
    $703,407
    From this org
    $666,629
    From related orgs
    $0
    Other
    $36,778
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $391,512
    Bonus
    $271,875
    Other
    $3,242
    Deferred
    $20,393
    Nontaxable benefits
    $16,385
    Filer's total
    $703,407

  • Janine Epright

    Chief Financial Officer

    Total calculated
    $466,981
    From this org
    $426,608
    From related orgs
    $0
    Other
    $40,373
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $334,116
    Bonus
    $89,250
    Other
    $3,242
    Deferred
    $17,583
    Nontaxable benefits
    $22,790
    Filer's total
    $466,981

  • Tina Beckwith

    Chief Marketing Officer

    Total calculated
    $301,845
    From this org
    $259,017
    From related orgs
    $0
    Other
    $42,828
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $199,275
    Bonus
    $58,500
    Other
    $1,242
    Deferred
    $14,660
    Nontaxable benefits
    $28,168
    Filer's total
    $301,845

  • ALISON SALKA

    SENIOR VICE PRESIDENT AND DIRECTOR OF RESEARCH

    Total calculated
    $353,105
    From this org
    $339,681
    From related orgs
    $0
    Other
    $13,424
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $261,939
    Bonus
    $76,500
    Other
    $1,242
    Deferred
    $12,648
    Nontaxable benefits
    $776
    Filer's total
    $353,105

  • CARIE CRANE

    VICE PRESIDENT, Professional DEVELOPMENT

    Total calculated
    $280,455
    From this org
    $237,209
    From related orgs
    $0
    Other
    $43,246
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $164,983
    Bonus
    $71,500
    Other
    $726
    Deferred
    $14,716
    Nontaxable benefits
    $28,530
    Filer's total
    $280,455

  • John Carroll

    Corporate Vice President, Member Relations and Sales

    Total calculated
    $438,488
    From this org
    $391,295
    From related orgs
    $0
    Other
    $47,193
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $238,973
    Bonus
    $150,000
    Other
    $2,322
    Deferred
    $18,820
    Nontaxable benefits
    $28,373
    Filer's total
    $438,488

  • KARTIK SAKTHIVEL

    CHIEF INFORMATION OFFICER

    Total calculated
    $348,662
    From this org
    $301,726
    From related orgs
    $0
    Other
    $46,936
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $218,044
    Bonus
    $82,872
    Other
    $810
    Deferred
    $18,330
    Nontaxable benefits
    $28,606
    Filer's total
    $348,662

  • KATHRYN REID

    VICE PRESIDENT, TALENT SOLUTIONS

    Total calculated
    $262,961
    From this org
    $226,304
    From related orgs
    $0
    Other
    $36,657
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $165,791
    Bonus
    $58,500
    Other
    $2,013
    Deferred
    $8,148
    Nontaxable benefits
    $28,509
    Filer's total
    $262,961

  • MICHELE LABOUFF

    SENIOR VICE PRESIDENT, HUMAN RESOURCES

    Total calculated
    $365,009
    From this org
    $322,179
    From related orgs
    $0
    Other
    $42,830
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $230,624
    Bonus
    $90,313
    Other
    $1,242
    Deferred
    $14,457
    Nontaxable benefits
    $28,373
    Filer's total
    $365,009

  • SEAN O'DONNELL

    SENIOR VICE PRESIDENT, MEMBER RELATIONS AND CONSULTING

    Total calculated
    $363,863
    From this org
    $325,128
    From related orgs
    $0
    Other
    $38,735
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $162,636
    Bonus
    $161,250
    Other
    $1,242
    Deferred
    $10,527
    Nontaxable benefits
    $28,208
    Filer's total
    $363,863

  • Christopher Curran

    CVP Global Brand & Marketing

    Total calculated
    $236,714
    From this org
    $197,675
    From related orgs
    $0
    Other
    $39,039
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $142,153
    Bonus
    $53,200
    Other
    $2,322
    Deferred
    $10,433
    Nontaxable benefits
    $28,606
    Filer's total
    $236,714

  • Marianne Purushotham

    Corporate Vice President I

    Total calculated
    $233,047
    From this org
    $221,099
    From related orgs
    $0
    Other
    $11,948
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $198,330
    Bonus
    $20,475
    Other
    $2,294
    Deferred
    $11,385
    Nontaxable benefits
    $563
    Filer's total
    $233,047

  • Ronald Rovner

    National Sales Manager

    Total calculated
    $239,615
    From this org
    $200,608
    From related orgs
    $0
    Other
    $39,007
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $146,608
    Bonus
    $50,515
    Other
    $3,485
    Deferred
    $10,704
    Nontaxable benefits
    $28,303
    Filer's total
    $239,615

  • Terrence Stanwicks

    2nd Vice President, CISO Infrastructure

    Total calculated
    $240,771
    From this org
    $219,412
    From related orgs
    $0
    Other
    $21,359
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $188,785
    Bonus
    $27,406
    Other
    $3,221
    Deferred
    $13,224
    Nontaxable benefits
    $8,135
    Filer's total
    $240,771

  • Todd Silverhart

    Corporate Vice President

    Total calculated
    $229,587
    From this org
    $191,073
    From related orgs
    $0
    Other
    $38,514
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $178,373
    Bonus
    $9,392
    Other
    $3,308
    Deferred
    $10,367
    Nontaxable benefits
    $28,147
    Filer's total
    $229,587

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 · Compensation committee
  • 3 · Compensation survey or study
  • 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

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.

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.

  • LL GLOBAL SERVICES INC

    C Corporation · PROVIDES SERVICES TO THE INSURANCE INDUSTRY · CT · 100% owned · share of income $463,374 · share of assets $4,661,416 · controlled entity

    Directly controlled by LL GLOBAL INC

  • LL GLOBAL SERVICES PTE LTD

    C Corporation · PROVIDES SERVICES TO THE INSURANCE INDUSTRY · SN · 100% owned · controlled entity

    Directly controlled by LL GLOBAL SERVICES INC

  • ERJI BUSINESS CONSULTING (BEIJING) CO LTD

    C Corporation · PROVIDES SERVICES TO THE INSURANCE INDUSTRY · CH · 100% owned · controlled entity

    Directly controlled by LL GLOBAL SERVICES INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343189349316184

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