What the amendment changed
Compared with the return it replaced , filed 13 November 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total expenses
- $2,784,541 changed to $3,084,417
- Total assets, end of year
- $1,007,161 changed to $1,001,138
- Total liabilities, end of year
- $5,552,668 changed to $5,846,520
- Net assets or fund balances, end of year
- -$4,545,507 changed to -$4,845,382
Totals
- Total revenue
- $263,725
- Total expenses
- $3,084,417
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $263,725
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,001,138
- Total liabilities, end of year
- $5,846,520
- Net assets or fund balances, end of year
- -$4,845,382
- 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: MEMBERSHIP INCOME
total $263,725 · related or exempt $263,725
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $18,107
-
11g · Fees: other
total $1,092,707
-
12 · Advertising and promotion
total $306,117
-
13 · Office expenses
total $35
-
14 · Information technology
total $1,537,408
-
17 · Travel
total $2,440
-
19 · Conferences, conventions and meetings
total $18,942
-
24a · Other expenses: CONTENT DEVELOPMENT
total $93,108
-
24b · Other expenses: MISCELLANEOUS EXPENSE
total $15,553
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $619,815 · end of year $652,070
-
4 · Accounts receivable
beginning of year $528 · end of year $349,068
-
17 · Accounts payable and accrued expenses
beginning of year $478,494 · end of year $274,548
-
19 · Deferred revenue
beginning of year $2,475 · end of year $135,300
-
25 · Other liabilities
beginning of year $2,164,065 · end of year $5,436,672
-
27 · Net assets without donor restrictions
beginning of year -$2,024,691 · end of year -$4,845,382
Mission and programs · 2022
Mission
A PROFESSIONAL ASSOCIATION AND COMMUNITY FOR ADVISORS STRIVING TO ACHIEVE MDRT-LEVEL PRODUCTION THAT'S AVAILABLE IN AN ENTIRELY MOBILE WORLD.
-
BACKED BY MDRT'S CULTURE OF SHARING, WHICH IS PROVEN TO EMPOWER GROWTH, THE MDRT ACADEMY'S TECHNOLOGY-ENABLED SYSTEM DELIVERS INNOVATIVE IDEAS FROM MDRT EXPERTS AND PREMIER COACHES. MDRT ACADEMY MEMBERS CAN ALSO GET REAL-TIME, REAL-LIFE ANSWERS TO REAL-WORLD CHALLENGES FROM THE MDRT ACADEMY MOBILE COMMUNITY.
As filed on the 2022 return.
Listed in Part VII
-
Ian GreenIAN GREEN
PAST PRESIDENT
- Total calculated
- $29,720
- From this org
- $0
- From related orgs
- $29,720
- Other
- $0
- Hours/week
- 1 + 5 related
-
Randy ScritchfieldRANDY SCRITCHFIELD
PAST PRESIDENT
- Total calculated
- $49,980
- From this org
- $0
- From related orgs
- $49,980
- Other
- $0
- Hours/week
- 1 + 10 related
-
Peggy TsaiPEGGY TSAI
PRESIDENT
- Total calculated
- $52,680
- From this org
- $0
- From related orgs
- $52,680
- Other
- $0
- Hours/week
- 1 + 5 related
-
Greg GagneGREG GAGNE
1ST VICE PRESIDENT
- Total calculated
- $47,280
- From this org
- $0
- From related orgs
- $47,280
- Other
- $0
- Hours/week
- 1 + 5 related
-
Carol KhengCAROL KHENG
2ND VICE PRESIDENT
- Total calculated
- $44,580
- From this org
- $0
- From related orgs
- $44,580
- Other
- $0
- Hours/week
- 1 + 5 related
-
John NicholsJOHN NICHOLS
SECRETARY
- Total calculated
- $14,860
- From this org
- $0
- From related orgs
- $14,860
- Other
- $0
- Hours/week
- 1 + 5 related
-
Stephen StahrSTEPHEN STAHR
CEO
- Total calculated
- $1,085,717
- From this org
- $0
- From related orgs
- $921,768
- Other
- $163,949
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $753,375 related
- Bonus
- $0 + $162,003 related
- Other
- $0 + $6,390 related
- Deferred
- $0 + $137,632 related
- Nontaxable benefits
- $0 + $26,317 related
- Filer's total
- $0 + $1,085,717 related
-
Mark LeonMARK LEON
SENIOR DIRECTOR, FINANCE
- Total calculated
- $264,791
- From this org
- $0
- From related orgs
- $263,030
- Other
- $1,761
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $258,300 related
- Bonus
- $0 + $3,435 related
- Other
- $0 + $1,295 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $1,761 related
- Filer's total
- $0 + $264,791 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
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINES 4A-B
- THE FOLLOWING PERSON RECEIVED BENEFITS FROM OR OTHERWISE PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (RELATED PARTY FUNDING BETWEEN MDRT AND ACADEMY): STEPHEN STAHR - ACCRUED AN ADDITIONAL $124,367 IN FY2022 (DOES NOT VEST UNTIL RETIREMENT DATE IS REACHED). THE FOLLOWING PERSON RECEIVED A SEVERANCE PAYMENT IN 2022: MARK LEON - $67,234
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.
-
501(C)(6) · INSURANCE AND INVESTMENT PROFESSIONALS NETWORK · IL
-
MILLION DOLLAR ROUND TABLE FOUNDATION
501(C)(3) · GRANT MAKING TO OTHER CHARITABLE ORGANIZATIONS · IL
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.
-
MDRT BUSINESS SERVICES INC
C · CREATE AND SELL PRODUCTS AND SERVICES · IL · 100% owned · controlled entity
Directly controlled by MILLION DOLLAR ROUND TABLE
-
C · AN ASSOCIATION DESIGNED FOR INFLUENCERS IN THE INDUSTRY TO ENGAGE WITH MDRT. · IL · 100% owned · controlled entity
Directly controlled by MILLION DOLLAR ROUND TABLE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 20 November 2024
- IRS schema version
- 2022v5.0
- Source object
- 202403399349300900
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