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Nonprofiteer
← GLOBAL RISK MANAGEMENT INSTITUTE INC

Form 990 for tax year 2023

Filed by GLOBAL RISK MANAGEMENT INSTITUTE INC.

Totals

Total revenue
$388,639
Total expenses
$171,922
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$341,390
Investment income
$47,249
Other revenue
$0
Total assets, end of year
$2,558,903
Total liabilities, end of year
$24,840
Net assets or fund balances, end of year
$2,534,063
Program services expenses (Part IX)
$93,396
Management and general expenses
$78,526
Fundraising expenses
$0
Program service expenses (Part III)
$93,396

Program services were 54.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Annette Homan

    President (to 11/1/23)

    Total calculated
    $280,506
    From this org
    $0
    From related orgs
    $237,853
    Other
    $42,653
    Hours/week
    0.3 + 34.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,853 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,360 related
    Nontaxable benefits
    $0 + $28,293 related
    Filer's total
    $0 + $280,506 related

  • GARY LABRANCHE

    President

    Total calculated
    $584,706
    From this org
    $0
    From related orgs
    $508,394
    Other
    $76,312
    Hours/week
    0.3 + 34.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $479,894 related
    Bonus
    $0 + $28,500 related
    Other
    $0
    Deferred
    $0 + $26,854 related
    Nontaxable benefits
    $0 + $49,458 related
    Filer's total
    $0 + $584,706 related

  • KATHERINE GLEDHILL

    Treasurer

    Total calculated
    $230,482
    From this org
    $0
    From related orgs
    $217,126
    Other
    $13,356
    Hours/week
    0.3 + 34.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,126 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,512 related
    Nontaxable benefits
    $0 + $844 related
    Filer's total
    $0 + $230,482 related

  • Mark PRYSOCK

    Secretary

    Total calculated
    $267,562
    From this org
    $0
    From related orgs
    $238,377
    Other
    $29,185
    Hours/week
    0.3 + 34.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,377 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,900 related
    Nontaxable benefits
    $0 + $16,285 related
    Filer's total
    $0 + $267,562 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
RISK AND INSURANCE MANAGEMENT SOCIETY, INC., A RELATED SECTION 501(C)(6) ORGANIZATION, PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. RISK AND INSURANCE MANAGEMENT SOCIETY, INC. HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
1 October 2024
IRS schema version
2023v5.1
Source object
202412759349301601

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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