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← COUNCIL OF INSURANCE AGENTS & BROKERS

Form 990 for tax year 2022

Filed by COUNCIL OF INSURANCE AGENTS & BROKERS.

Totals

Total revenue
$23,670,266
Total expenses
$19,530,498
Contributions and grants received
$0
Grants paid
$100,000
Program service revenue
$20,985,375
Investment income
$523,847
Other revenue
$2,161,044
Total assets, end of year
$48,445,728
Total liabilities, end of year
$28,137,983
Net assets or fund balances, end of year
$20,307,745
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 DUES

    total $8,576,480 · related or exempt $8,576,480

  • 2b · Program service revenue: PARTNERS IN EXCELLENCE

    total $7,580,000 · related or exempt $7,580,000

  • 2c · Program service revenue: CONFERENCES & MEETINGS

    total $4,190,825 · related or exempt $4,190,825

  • 2d · Program service revenue: EDUCATIONAL PROGRAMS

    total $638,070 · related or exempt $638,070

  • 3 · Investment income

    total $523,886 · excluded $523,886

  • 5 · Royalties

    total $2,140,000 · excluded $2,140,000

  • 7a · Gross sales of assets other than inventory

    securities $107,552

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

    securities $107,591

  • 7c · Gain or loss

    securities -$39

  • 7d · Net gain or loss

    total -$39 · excluded -$39

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $21,044 · excluded $21,044

  • 11e · Other revenue, total

    $21,044

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000

  • 5 · Compensation of officers, directors and key employees

    total $4,697,633

  • 7 · Other salaries and wages

    total $2,913,263

  • 8 · Pension plan contributions

    total $409,393

  • 9 · Other employee benefits

    total $201,505

  • 10 · Payroll taxes

    total $372,248

  • 11b · Fees: legal

    total $1,581,098

  • 11c · Fees: accounting

    total $98,644

  • 11f · Fees: investment management

    total $106,508

  • 11g · Fees: other

    total $197,250

  • 13 · Office expenses

    total $375,071

  • 14 · Information technology

    total $474,948

  • 16 · Occupancy

    total $1,350,612

  • 17 · Travel

    total $311,406

  • 19 · Conferences, conventions and meetings

    total $4,910,017

  • 22 · Depreciation, depletion and amortization

    total $292,660

  • 23 · Insurance

    total $372,926

  • 24a · Other expenses: MARKETING & COMMUNICATI

    total $443,666

  • 24b · Other expenses: INTERNATIONAL MEMBERSHI

    total $115,505

  • 24c · Other expenses: COUNCILPAC

    total $70,803

  • 24d · Other expenses: GOVERNMENT AFFAIRS

    total $65,217

  • 24e · All other expenses

    total $70,125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $951,395 · end of year $1,487,024

  • 2 · Savings and temporary cash investments

    beginning of year $479,465 · end of year $2,471,349

  • 4 · Accounts receivable

    beginning of year $393,261 · end of year $82,650

  • 5 · Loans and receivables from officers and key people

    beginning of year $212,606 · end of year $157,383

  • 7 · Other notes and loans receivable

    beginning of year $412,607 · end of year $180,983

  • 9 · Prepaid expenses and deferred charges

    beginning of year $357,849 · end of year $706,228

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

    $4,160,632

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

    $2,575,064

  • 10c · Land, buildings and equipment, net

    beginning of year $1,787,707 · end of year $1,585,568

  • 11 · Investments: publicly traded securities

    beginning of year $15,380,727 · end of year $12,945,856

  • 12 · Investments: other securities

    beginning of year $1,835,419 · end of year $1,527,414

  • 15 · Other assets

    beginning of year $9,242,862 · end of year $27,301,273

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,449,234 · end of year $2,187,862

  • 19 · Deferred revenue

    beginning of year $2,454,630 · end of year $2,791,304

  • 25 · Other liabilities

    beginning of year $7,813,725 · end of year $23,158,817

  • 27 · Net assets without donor restrictions

    beginning of year $19,336,309 · end of year $20,307,745

Mission and programs · 2022

Mission

THE COUNCIL WAS ESTABLISHED TO PROMOTE THE INTERESTS OF ITS MEMBERS, WHO COMPRISE LEADING INSURANCE AGENCIES AND BROKERAGE FIRMS.

Activities or mission (Part I)

THE COUNCIL PROMOTES THE INTERESTS OF ITS MEMBERS, WHO COMPRISE LEADING INSURANCE AGENCIES AND BROKERAGE FIRMS.

  • THE COUNCIL IS THE PREMIER ASSOCIATION FOR THE TOP REGIONAL, NATIONAL AND INTERNATIONAL COMMERCIAL INSURANCE AND EMPLOYEE BENEFITS INTERMEDIARIES WORLDWIDE. THE COUNCIL FOSTERS RELATIONSHIPS INDUSTRY-WIDE BY ENGAGING LAWMAKERS, REGULATORS, AND STAKEHOLDERS AROUND THE WORLD TO PROMOTE THE INTERESTS OF ITS MEMBERS AND THE VALUABLE ROLE THEY PLAY IN THE MITIGATION OF RISK FOR THEIR CLIENTS BY PROVIDING UNIQUE FORUMS FOR NETWORKING OPPORTUNITIES AND LEADERSHIP DEVELOPMENT, OFFERING BUSINESS INTELLIGENCE AND SERVICES.OUR FOUR LARGEST PROGRAMS/MEETINGS ARE THE INSURANCE LEADERSHIP FORUM, THE EMPLOYEE BENEFITS LEADERSHIP FORUM, THE COUNCIL ACADEMY AND THE LEGISLATIVE AND WORKING GROUP SUMMIT. THESE ANNUAL PROGRAMS FOSTER THE CONTINUATION OF THE COUNCIL AND ITS MEMBERS STRONG RELATIONSHIPS WITH EACH OTHER, INSURANCE CARRIERS, AND MEMBERS OF CONGRESS; AND LAYS A SOLID FOUNDATION FOR FUTURE RELATIONSHIPS. THE COUNCIL EXTENDS ITS REACH TO BOTH SIDES OF THE AISLE WHILE EDUCATING RULE MAKERS ON THE CRITICAL ROLE OF THE BROKER AND AGENCY FOR BOTH PROPERTY/CASUALTY AND HEALTH CARE INSURANCE PROGRAMS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nancy M Mellard

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 0.1 related

  • Robert J Klonk

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Keith Schuler

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • Andrew Barrengos

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3

  • Kate Armfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Brenda Ballard Austenfeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jim Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Chris Boone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Powell Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Bob Cawley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Tarun Chopra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Michael Christian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Kurt De Grosz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Ken Ewell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.1 related

  • Walter Fawcett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Lori Goltermann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Doug Hammond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Bob Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.1 related

  • Jim Henderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • John Howard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jochen Koemer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Joe Larocco Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Eric Leavitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Kyle Lingscheit

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Hiram Marrero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Kerry Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Ed Page

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • John Plummer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Tim Prichard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • William Pridgeon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Scott Purviance

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Rusty Reid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Sueann Schultz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Clint Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mary Beth Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • John Tallarida

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.1 related

  • Bumpy Triche

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jacques Verlingue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mike Victorson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Ken A Crerar

    PRESIDENT/CEO

    Total calculated
    $1,765,366
    From this org
    $1,158,984
    From related orgs
    $60,999
    Other
    $545,383
    Hours/week
    35.63 + 1.88 related

    Schedule J breakdown matched by us

    Base
    $1,091,554 + $57,450 related
    Bonus
    $0
    Other
    $67,430 + $3,549 related
    Deferred
    $513,475 + $27,025 related
    Nontaxable benefits
    $10,108 + $532 related
    Filer's total
    $1,682,567 + $88,556 related

  • Benita Harrison-Wickline

    CHIEF FINANCIAL OFFICER

    Total calculated
    $507,028
    From this org
    $405,114
    From related orgs
    $21,322
    Other
    $80,592
    Hours/week
    35.63 + 1.88 related

    Schedule J breakdown matched by us

    Base
    $341,828 + $17,991 related
    Bonus
    $47,880 + $2,520 related
    Other
    $15,406 + $811 related
    Deferred
    $59,917 + $3,154 related
    Nontaxable benefits
    $22,505 + $1,184 related
    Filer's total
    $487,536 + $25,660 related

  • Joel Wood

    SVP, GOVERNMENT AFFAIRS

    Total calculated
    $887,825
    From this org
    $797,866
    From related orgs
    $0
    Other
    $89,959
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $683,365
    Bonus
    $97,600
    Other
    $16,901
    Deferred
    $60,000
    Nontaxable benefits
    $41,926
    Filer's total
    $899,792

  • Catherine Richardson

    SENIOR VICE PRESIDENT

    Total calculated
    $602,778
    From this org
    $522,172
    From related orgs
    $0
    Other
    $80,606
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $438,742
    Bonus
    $83,364
    Other
    $66
    Deferred
    $61,707
    Nontaxable benefits
    $30,431
    Filer's total
    $614,310

  • Elizabeth McDaid

    SVP, LEADERSHIP & MGMT RESOURCES

    Total calculated
    $448,649
    From this org
    $273,426
    From related orgs
    $117,182
    Other
    $58,041
    Hours/week
    26.25 + 11.25 related

    Schedule J breakdown matched by us

    Base
    $238,080 + $102,034 related
    Bonus
    $34,720 + $14,880 related
    Other
    $626 + $268 related
    Deferred
    $28,350 + $12,150 related
    Nontaxable benefits
    $13,690 + $5,867 related
    Filer's total
    $315,466 + $135,199 related

  • Susan Rushford

    SVP, MARKETING & COMMUNICATIONS

    Total calculated
    $442,804
    From this org
    $345,207
    From related orgs
    $18,169
    Other
    $79,428
    Hours/week
    35.63 + 1.88 related

    Schedule J breakdown matched by us

    Base
    $302,016 + $15,896 related
    Bonus
    $42,750 + $2,250 related
    Other
    $441 + $23 related
    Deferred
    $57,000 + $3,000 related
    Nontaxable benefits
    $23,912 + $1,259 related
    Filer's total
    $426,119 + $22,428 related

  • Joel Kopperud

    SVP, GOVERNMENT AFFAIRS

    Total calculated
    $430,566
    From this org
    $378,201
    From related orgs
    $0
    Other
    $52,365
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $311,985
    Bonus
    $40,750
    Other
    $25,466
    Deferred
    $41,500
    Nontaxable benefits
    $12,881
    Filer's total
    $432,582

  • Paula J Staley

    SVP, MEETINGS

    Total calculated
    $257,516
    From this org
    $203,901
    From related orgs
    $0
    Other
    $53,615
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $176,739
    Bonus
    $27,000
    Other
    $162
    Deferred
    $25,691
    Nontaxable benefits
    $36,955
    Filer's total
    $266,547

  • Blaire Bartlett

    VP, GOVERNMENT & POLITICAL AFFAIRS

    Total calculated
    $232,326
    From this org
    $198,191
    From related orgs
    $0
    Other
    $34,135
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $174,377
    Bonus
    $23,750
    Other
    $64
    Deferred
    $24,991
    Nontaxable benefits
    $16,006
    Filer's total
    $239,188

  • Maureen Lilienthal

    VP, LEADERSHIP & MNGMNT RESOURCES

    Total calculated
    $206,116
    From this org
    $174,137
    From related orgs
    $9,165
    Other
    $22,814
    Hours/week
    37.5 + 1.88 related

    Schedule J breakdown matched by us

    Base
    $152,000 + $8,000 related
    Bonus
    $21,850 + $1,150 related
    Other
    $287 + $15 related
    Deferred
    $21,673 + $1,141 related
    Nontaxable benefits
    $1,245 + $66 related
    Filer's total
    $197,055 + $10,372 related

  • Ken Haltenhof

    VP, MEMBERSHIP

    Total calculated
    $225,882
    From this org
    $179,588
    From related orgs
    $0
    Other
    $46,294
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $137,656
    Bonus
    $41,850
    Other
    $82
    Deferred
    $20,310
    Nontaxable benefits
    $31,385
    Filer's total
    $231,283

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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION PROVIDES FOR BUSINESS TRAVEL (IF APPLICABLE) FOR THE PRESIDENT/CEO'S SPOUSE, PER THE TERMS OF THE EMPLOYMENT AGREEMENT.
PART I, LINE 4B
KEN CRERAR PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AND THE EMPLOYER CONTRIBUTION DURING THE CALENDAR YEAR 2022 WAS $475,000.

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

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.

  • THE COUNCIL FOUNDATION

    501(C)(3) · PROMOTE LEADERSHIP IN INSURANCE AGENT/BROKER PROFESSION · DC · controlled entity

  • COUNCIL OF INSURANCE AGENTS & BROKERS PAC

    527 · SUPPORT HOUSE/SENATE CANDIDATES WHO SUPPORT CONCERNS OF AGENTS/BROKERS · DC · controlled entity

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.

  • PRODUCTIVITY PLUS INC

    C · INSURANCE PREMIUM FINANCING, LEADERS EDGE MAGAZINE AND OTHER ACTIVITIES · DC · 100% owned · share of income $2,950,813 · share of assets $4,206,668 · controlled entity

    Directly controlled by THE COUNCIL OF INSURANCE AGENTS & BROKERS

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202303139349301640

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