Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $9,556,787

• 2a · Program service revenue: MEMBERSHIP INCOME

  total $118,500 · related or exempt $118,500

• 7a · Gross sales of assets other than inventory

  securities $18

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

  securities $38

• 7c · Gain or loss

  securities -$20

• 7d · Net gain or loss

  total -$20 · related or exempt -$20

Functional expenses

Part IX, the statement of functional expenses.

• 11b · Fees: legal

  total $868

• 11c · Fees: accounting

  total $8,769

• 11g · Fees: other

  total $533,991

• 12 · Advertising and promotion

  total $356,345

• 13 · Office expenses

  total $1,703

• 14 · Information technology

  total $1,400,000

• 17 · Travel

  total $22,931

• 19 · Conferences, conventions and meetings

  total $16,441

• 24a · Other expenses: CONTENT DEVELOPMENT

  total $96,257

• 24b · Other expenses: MISCELLANEOUS EXPENSE

  total $45

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $220,336 · end of year $299,873

• 4 · Accounts receivable

  beginning of year $247,753 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $250 · end of year $70

• 17 · Accounts payable and accrued expenses

  beginning of year $236,992 · end of year $309,320

• 19 · Deferred revenue

  beginning of year $3,025 · end of year $14,600

• 25 · Other liabilities

  beginning of year $7,694,310 · end of year $204,207

• 27 · Net assets without donor restrictions

  beginning of year -$7,465,988 · end of year -$228,184

The filer's explanations (Part III)

PART I, LINE 1A

EXECUTIVE MEMBERS AND THE CEO CAN CHOOSE TO TRAVEL FIRST CLASS ON FLIGHTS WITH DURATIONS OF THREE HOURS OR LONGER (NONTAXABLE BENEFIT). SPOUSES CAN ACCOMPANY THE EXECUTIVE COMMITTEE MEMBERS ON THEIR TRAVELS (TAXABLE BENEFIT). EACH EXECUTIVE COMMITTEE MEMBER RECEIVES A GROSS UP PAYMENT RELATED TO THEIR SPOUSAL TRAVEL. EXECUTIVE COMMITTEE MEMBERS RECEIVE AN ADMINISTRATIVE ALLOWANCE TAXABLE TO THE INDIVIDUAL TO DEFRAY THE COST OF STAFF SUPPORT EXPENSES THEY MAY INCUR IN THE PERFORMANCE OF THEIR EXECUTIVE COMMITTEE DUTIES AND ORGANIZATION WORK. NO MEMBER OF THE ORGANIZATION OR OF THE EXECUTIVE COMMITTEE, OR OF ANY OTHER COMMITTEE, RECEIVES COMPENSATION FOR SERVICES RENDERED. THE AMOUNTS BUDGETED FOR THE MATTERS ABOVE ARE INCLUDED IN THE ORGANIZATION'S BUDGET. THE BUDGET IS APPROVED BY THE FINANCE COMMITTEE ON AN ANNUAL BASIS.

PART I, LINE 1B

THE ORGANIZATION'S AFFILIATE, MDRT, MAINTAINS AND FOLLOWS WRITTEN POLICIES REGARDING FIRST CLASS TRAVEL, SPOUSE TRAVEL, GROSS-UP PAYMENTS, AND DISCRETIONARY SPENDING ACCOUNTS.

PART I, LINE 3

EXPENSE REPORTS MUST BE SUBMITTED IN ORDER TO RECEIVE REIMBURSEMENT FROM THE ORGANIZATION'S AFFILIATE, MDRT. RECEIPTS ARE REQUIRED FOR ITEMS $25 OR GREATER. RECEIPTS ARE REQUIRED FOR ALL PURCHASES MADE WITH THE ORGANIZATION'S CREDIT CARD.

PART I, LINE 4B

THE FOLLOWING PERSON RECEIVED BENEFITS FROM OR OTHERWISE PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: STEPHEN STAHR - BENEFITS DO NOT VEST UNTIL RETIREMENT DATE IS REACHED.

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