Form 990 for tax year 2024
Filed by INSURANCE INFORMATION INSTITUTE INC.
Totals
- Total revenue
- $5,914,964
- Total expenses
- $8,235,395
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $5,659,742
- Investment income
- $0
- Other revenue
- $255,222
- Total assets, end of year
- $235,954
- Total liabilities, end of year
- $6,177,035
- Net assets or fund balances, end of year
- -$5,941,081
- Program services expenses (Part IX)
- $8,235,395
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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 $5,473,502 · related or exempt $5,473,502
-
2b · Program service revenue: FORUM REG. AND SPONSOR. FEES
total $186,240 · related or exempt $186,240
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER REVENUE
total $255,222 · related or exempt $255,222
-
11e · Other revenue, total
$255,222
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: EDUCATIONAL RELATED
total $1,455 · program services $1,455
-
24b · Other expenses: SHARED RESOURCE SERVICES
total $8,233,940 · program services $8,233,940
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,778 · end of year $4,390
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $38,798 · end of year $231,564
-
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
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $109,705 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $3,645,590 · end of year $5,769,529
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $128,341 · end of year $407,506
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year -$3,620,650 · end of year -$5,941,081
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
WE ARE AN EDUCATIONAL, FACT FINDING AND COMMUNICATIONS ORGANIZATION FOR THE PROPERTY AND CASUALTY INSURANCE INDUSTRY. THE INSTITUTE CONDUCTS PUBLIC RELATIONS AND EDUCATIONAL ACTIVITIES ON BEHALF OF THE INDUSTRY AND IS SUPPORTED BY OVER 80 MEMBER COMPANIES.
Activities or mission (Part I)
TO IMPROVE PUBLIC UNDERSTANDING OF INSURANCE - WHAT IT DOES AND HOW IT WORKS
-
MEMBERSHIP DUES FROM INDUSTRY MEMBERS TO SUPPORT ACTIVITIES BENEFITTING THE INSURANCE INDUSTRY. TRIPLE-I PRODUCES PUBLIC EDUCATIONAL MATERIALS IN SUPPORT OF OUR MISSION TO BE THE TRUSTED SOURCE OF DATA-DRIVEN INSIGHTS ON INSURANCE TO INFORM AND EMPOWER CONSUMERS. TRIPLE-I PROVIDES BENEFITS TO MEMBERS INCLUDING INDUSTRY REPORTS, FACTS AND STATISTICS, THE DAILY NEWS PUBLICATION, SIGNIFICANT COMMUNICATION/MEDIA RELATIONS SERVICES AND RESEARCH SERVICES.
-
SUBSCRIBER FEES FROM ASSISTING OTHER INDUSTRY ORGANIZATIONS - TRIPLE-I AMPLIFY IS A PUBLIC RELATIONS (PR) CONSULTANCY DESIGNED TO HELP INSURANCE INDUSTRY MEMBER ORGANIZATIONS DRIVE INCREASED AWARENESS OF THEIR MISSION AND DEEPEN THEIR INDUSTRY ENGAGEMENT THROUGH COMMUNICATIONS-RELATED AND MEDIA SERVICES.
-
JOINT INDUSTRY FORUM REGISTRATION FEES - THE JOINT INDUSTRY FORUM CONFERENCE ASSEMBLES KEY FIGURES FROM THE BUSINESS, POLICYMAKING, AND MEDIA SPHERES TO EXPLORE TOPICS OF VITAL INTEREST TO THE PROPERTY/CASUALTY INSURANCE INDUSTRY AND PROVIDE NETWORKING OPPORTUNITIES FOR TRIPLE-I MEMBERS AND OTHER INSURANCE INDUSTRY LEADERS.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Peter L MillerPETER L MILLER
CEO
- Total calculated
- $3,209,292
- From this org
- $0
- From related orgs
- $2,965,200
- Other
- $244,092
- Hours/week
- 2 + 51 related
Schedule J breakdown matched by us
- Base
- $0 + $1,372,352 related
- Bonus
- not reported + $1,200,000 related
- Other
- not reported + $392,848 related
- Deferred
- not reported + $230,199 related
- Nontaxable benefits
- not reported + $13,893 related
- Filer's total
- $0 + $3,209,292 related
-
Katherine E HorowitzKATHERINE E HOROWITZ
SECRETARY
- Total calculated
- $1,070,919
- From this org
- $0
- From related orgs
- $1,005,941
- Other
- $64,978
- Hours/week
- 2 + 51 related
Schedule J breakdown matched by us
- Base
- $0 + $605,581 related
- Bonus
- not reported + $400,000 related
- Other
- not reported + $360 related
- Deferred
- not reported + $49,833 related
- Nontaxable benefits
- not reported + $15,145 related
- Filer's total
- $0 + $1,070,919 related
-
Sean KevelighanSEAN KEVELIGHAN
DIRECTOR
- Total calculated
- $872,488
- From this org
- $0
- From related orgs
- $810,163
- Other
- $62,325
- Hours/week
- 51
Schedule J breakdown matched by us
- Base
- $0 + $659,335 related
- Bonus
- not reported + $150,000 related
- Other
- not reported + $828 related
- Deferred
- not reported + $46,000 related
- Nontaxable benefits
- not reported + $16,325 related
- Filer's total
- $0 + $872,488 related
-
Jeffrey A ScheidtJEFFREY A SCHEIDT
TREASURER
- Total calculated
- $602,545
- From this org
- $0
- From related orgs
- $533,367
- Other
- $69,178
- Hours/week
- 2 + 51 related
Schedule J breakdown matched by us
- Base
- $0 + $404,806 related
- Bonus
- not reported + $125,000 related
- Other
- not reported + $3,561 related
- Deferred
- not reported + $55,199 related
- Nontaxable benefits
- not reported + $13,979 related
- Filer's total
- $0 + $602,545 related
-
Matt McHattenMATT MCHATTEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
- 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)
- FORM 990, SCHEDULE J, PART I, LINE 3
- AS PROVIDED IN THE FORM 990, SCHEDULE J INSTRUCTIONS, SINCE THE ORGANIZATION RELIES ON A RELATED ORGANIZATION, WHICH USES ONE OR MORE OF THE METHODS DESCRIBED ON LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION, THIS QUESTION HAS BEEN LEFT UNANSWERED. REFER TO SCHEDULE O FOR A DESCRIPTION OF THE COMPENSATION REVIEW AND APPROVAL PROCESS.
- FORM 990, SCHEDULE J, PART I, LINE 4B
- A RELATED ORGANIZATION, THE AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS, MAINTAINS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (THE "PLAN") SUBJECT TO INTERNAL REVENUE CODE SECTION 457(F). UNDER THE PLAN, THE ENTIRE ACCRUED BENEFIT BECOMES 100% VESTED AFTER 3 YEARS OF SERVICE. PARTICIPANTS MUST REMAIN IN CONTINUOUS EMPLOYMENT FOR TWELVE (12) CONSECUTIVE MONTHS TO RECEIVE CREDIT FOR ONE (1) YEAR OF SERVICE. AN ACCRUED BENEFIT UNDER THE PLAN SHALL BE DISTRIBUTED ON THE DATE OR DATES ON WHICH THE ACCRUED BENEFIT BECOMES VESTED. TERMINATION OF SERVICES WILL RESULT IN FORFEITURE. PETER MILLER ACCRUED A BENEFIT OF $175,000 UNDER THE PLAN DURING CALENDAR YEAR 2024 AND THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II. ADDITIONALLY, MR. MILLER RECEIVED A DISTRIBUTION FROM THE PLAN IN THE AMOUNT OF $390,472, WHICH REPRESENTS THE AMOUNT THAT BECAME VESTED IN 2024. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).
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)(3) · EDUCATION · PA
Directly controlled by NA
-
SOCIETY OF CHARTERED PROPERTY & CASUALTY
501(C)(6) · MEMBERS ASSOC · PA
Directly controlled by AICPCU
-
GRIFFITH INSURANCE EDUCATION FOUNDATION
501(C)(3) · EDUC&SCHOLAR · OH
Directly controlled by AICPCU
-
The Institutes RiskStream Collaborative
501(C)(6) · MEMBER ASSOC. · DE
Directly controlled by AICPCU
-
INTERNATIONAL INSURANCE SOCIETY INC
501(C)(3) · INSURANCE ED. · DE
Directly controlled by AICPCU
-
CATASTROPHE RESILIENCY COUNCIL
501(C)(6) · INSURANCE ED. · DE
Directly controlled by AICPCU
-
BLACK INSURANCE INDUSTRY COLLECTIVE
501(C)(6) · MEMBER ASSOC. · DE
Directly controlled by AICPCU
-
INSURANCE ACCOUNTING AND SYSTEMS ASSOC
501(C)(3) · EDUCATION · NC
Directly controlled by AICPCU
-
INSURANCE RESEARCH COUNCIL INC
501(C)(6) · MEMBER ASSOC. · DE
Directly controlled by AICPCU
-
IASA CONNECT INC
501(C)(6) · DORMANT · DE
Directly controlled by AICPCU
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 partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
EOS VP I GP LIMITED
N/A · INVST IN ENTITIES · GK
Directly controlled by NA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
RISK KNOWLEDGE GROUP
C CORP · EDUCATION · DE
Directly controlled by AICPCU
-
IIS LONDON LTD
C CORP · EDUCATIONAL · UK
Directly controlled by IIS
-
IIS GLOBAL INSURANCE LTD
C CORP · EDUCATIONAL · SN
Directly controlled by IIS
-
RISKSTREAM GLOBAL INITIATIVES
C CORP · INSURANCE · DE
Directly controlled by AICPCU
-
RISKSTREAM LABS
C CORP · INSURANCE · DE
Directly controlled by AICPCU
-
TI TRAVEL INC
C CORP · INSURANCE · DE
Directly controlled by AICPCU
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503179349312560
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