Form 990 for tax year 2022
Filed by RISK AND INSURANCE MANAGEMENT SOCIETY INC.
Totals
- Total revenue
- $15,141,629
- Total expenses
- $16,811,932
- Contributions and grants received
- $21,085
- Grants paid
- $51,468
- Program service revenue
- $14,559,510
- Investment income
- $141,618
- Other revenue
- $419,416
- Total assets, end of year
- $20,248,710
- Total liabilities, end of year
- $15,670,989
- Net assets or fund balances, end of year
- $4,577,721
- 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.
-
1d · Related organizations
$21,085
-
2a · Program service revenue: CONFERENCE/SEMINARS
total $9,390,088 · related or exempt $9,390,088
-
2b · Program service revenue: MEMBERSHIP DUES
total $2,368,745 · related or exempt $2,368,745
-
2c · Program service revenue: PROFESSIONAL DEVELOPMENT
total $1,047,176 · related or exempt $1,047,176
-
2d · Program service revenue: ADMINISTRATIVE FEES
total $698,131 · related or exempt $698,131
-
2e · Program service revenue: ADVERTISING
total $672,407 · related or exempt $128,425 · unrelated business $543,982
-
2f · All other program service revenue
total $382,963 · related or exempt $382,963
-
3 · Investment income
total $232,850 · excluded $232,850
-
6a · Gross rents
real property $505,192
-
6b · Less rental expenses
real property $214,365
-
6c · Rental income or loss
real property $290,827
-
6d · Net rental income or loss
total $290,827 · excluded $290,827
-
7a · Gross sales of assets other than inventory
securities $6,332,488
-
7b · Less cost or other basis and sales expenses
securities $6,423,720
-
7c · Gain or loss
securities -$91,232
-
7d · Net gain or loss
total -$91,232 · excluded -$91,232
-
11a · Other revenue: RIMS CAREER CENTER
total $54,085 · unrelated business $54,085
-
11b · Other revenue: FUNDING FROM FORFEITURE ACCT
total $26,255 · excluded $26,255
-
11c · Other revenue: EARLY PAY DISCOUNTS
total $15,717 · excluded $15,717
-
11d · All other revenue
total $32,532 · excluded $32,532
-
11e · Other revenue, total
$128,589
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $51,468
-
5 · Compensation of officers, directors and key employees
total $1,714,260
-
7 · Other salaries and wages
total $4,361,709
-
8 · Pension plan contributions
total $8,588
-
9 · Other employee benefits
total $859,144
-
10 · Payroll taxes
total $442,606
-
11b · Fees: legal
total $126,754
-
11d · Fees: lobbying
total $241,775
-
11f · Fees: investment management
total $39,424
-
11g · Fees: other
total $427,588
-
12 · Advertising and promotion
total $289,830
-
13 · Office expenses
total $1,421,948
-
14 · Information technology
total $450,083
-
16 · Occupancy
total $835,536
-
17 · Travel
total $230,853
-
19 · Conferences, conventions and meetings
total $4,359,909
-
20 · Interest
total $19,081
-
22 · Depreciation, depletion and amortization
total $174,078
-
23 · Insurance
total $381,270
-
24a · Other expenses: MINOR EQUIPMENT
total $133,127
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $131,264
-
24c · Other expenses: BAD DEBT EXPENSE
total $52,732
-
24d · Other expenses: MISCELLANEOUS
total $23,830
-
24e · All other expenses
total $35,075
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,600,901 · end of year $2,135,852
-
2 · Savings and temporary cash investments
beginning of year $576,972 · end of year $744,432
-
4 · Accounts receivable
beginning of year $472,515 · end of year $379,282
-
9 · Prepaid expenses and deferred charges
beginning of year $800,382 · end of year $1,157,630
-
10a · Land, buildings and equipment: cost or other basis
$4,330,385
-
10b · Land, buildings and equipment: accumulated depreciation
$3,912,346
-
10c · Land, buildings and equipment, net
beginning of year $493,323 · end of year $418,039
-
11 · Investments: publicly traded securities
beginning of year $9,732,647 · end of year $8,165,273
-
14 · Intangible assets
beginning of year $614,214 · end of year $612,446
-
15 · Other assets
beginning of year $278,910 · end of year $6,635,756
-
17 · Accounts payable and accrued expenses
beginning of year $555,544 · end of year $780,678
-
19 · Deferred revenue
beginning of year $4,856,979 · end of year $5,276,896
-
25 · Other liabilities
beginning of year $807,357 · end of year $9,613,415
-
27 · Net assets without donor restrictions
beginning of year $9,349,984 · end of year $4,577,721
Mission and programs · 2022
Mission
THE VISION OF THE RISK AND INSURANCE MANAGEMENT SOCIETY IS TO BE THE GLOBAL LEADER IN ALL ASPECTS OF RISK MANAGEMENT. THE MISSION OF THE SOCIETY IS TO EDUCATE, ENGAGE AND ADVOCATE FOR THE GLOBAL RISK COMMUNITY. THE GOALS OF THE SOCIETY ARE TO:1) ENSURE A SUSTAINABLE AND ADAPTABLE ORGANIZATION2) EQUIP RISK PROFESSIONALS GLOBALLY TO SUCCEED IN AN EVOLVING ENVIRONMENT3) ENHANCE ENGAGEMENT WITH MEMBERS AND THE BROADER RISK COMMUNITY4) EXPAND RIMS INFLUENCE WORLDWIDE
Activities or mission (Part I)
TO EDUCATE, ENGAGE AND ADVOCATE FOR THE GLOBAL RISK COMMUNITY.
-
CONFERENCE - THIS DEPARTMENT IS RESPONSIBLE FOR THE PLANNING AND PRODUCTION OF RIMS ANNUAL CONFERENCE & EXHIBITION, RIMS ERM CONFERENCE, RIMS RISK SUMMITS AND RIMS RISK FORUMS. RIMS ANNUAL CONFERENCE & EXHIBITION IS THE DEFINITIVE EVENT FOR RISK PROFESSIONALS, ATTRACTING APPROXIMATELY 10,000 RISK PROFESSIONALS (MEMBERS, NON-MEMBERS AND EXHIBITORS) WORLDWIDE. THIS PRESTIGIOUS EVENT OFFERS ITS ATTENDEES THE WIDEST RANGE OF EDUCATIONAL PROGRAMS, NETWORKING OPPORTUNITIES AND COMMUNICATIONS OF SIGNIFICANT HAPPENINGS THAT IMPACT RISK MANAGEMENT.
-
PUBLICATIONS - RISK MANAGEMENT MAGAZINE IS RIMS' FLAGSHIP PUBLICATION. IT IS PRODUCED SIX TIMES PER YEAR AND INCLUDES ARTICLES OF INTEREST TO PROFESSIONALS RESPONSIBLE FOR RISK AND INSURANCE MANAGEMENT IN BUSINESS AND INDUSTRIAL FIRMS, PUBLIC ADMINISTRATION AND GOVERNMENT, INSURANCE COMPANIES, AGENTS AND BROKERS, BUSINESS SERVICES AND OTHERS ALLIED TO THE FIELD. BY PROVIDING IN-DEPTH ANALYSIS OF THE WORLD OF RISK, RISK MANAGEMENT MAGAZINE IS A VITAL SOURCE OF PERTINENT INFORMATION FOR BUSINESS. THE MAGAZINE IS SUPPORTED BY ITS OFFICIAL BLOG, THE RISK MANAGEMENT MONITOR, WHICH OFFERS DAILY COVERAGE AND ANALYSIS OF THE LATEST RISK-RELATED NEWS AND ISSUES. RISK-WIRE, DISTRIBUTED TWICE PER WEEK, IS AN EXCLUSIVE NEWS SERVICE FOR RIMS MEMBERS THAT PROVIDES AN EXECUTIVE SUMMARY AND LINKS TO THE MOST IMPORTANT RISK MANAGEMENT STORIES OF THE DAY. ADDITIONAL ONLINE RESOURCES THAT PROVIDE TODAY'S RISK PROFESSIONALS WITH KNOWLEDGE, TOOLS AND RESOURCES THEY NEED TO BE SUCCESSFUL INCLUDE THE STRATEGIC & ENTERPRISE RISK CENTER, THE INTERNATIONAL CENTER FOR RISK MANAGEMENT AND RISK KNOWLEDGE. THESE ARE AVAILABLE TO BOTH MEMBERS AND THE GENERAL PUBLIC.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Patrick SterlingPATRICK STERLING
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Jennifer SantiagoJENNIFER SANTIAGO
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
David ArickDAVID ARICK
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Kristen PeedKRISTEN PEED
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Kevin BatesKEVIN BATES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Penni ChambersPENNI CHAMBERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Barry DillardBARRY DILLARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Twane DuckworthTWANE DUCKWORTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Tina GardinerTINA GARDINER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Christy KauffmanCHRISTY KAUFFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
John KlineJOHN KLINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Manny PadillaMANNY PADILLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Christie WeinsteinCHRISTIE WEINSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Ellen DunkinELLEN DUNKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Laura LangoneLAURA LANGONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Christina GardnerCHRISTINA GARDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Mary RothMARY ROTH
CEO TO MAY 2022
- Total calculated
- $210,842
- From this org
- $199,814
- From related orgs
- $0
- Other
- $11,028
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $199,814
- Bonus
- $0
- Other
- $0
- Deferred
- $11,028
- Nontaxable benefits
- $0
- Filer's total
- $210,842
-
Gary LabrancheGARY LABRANCHE
CEO AS OF JUNE 2022
- Total calculated
- $312,751
- From this org
- $262,501
- From related orgs
- $0
- Other
- $50,250
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $262,501
- Bonus
- $0
- Other
- $0
- Deferred
- $12,185
- Nontaxable benefits
- $38,065
- Filer's total
- $312,751
-
Katherine GledhillKATHERINE GLEDHILL
CHIEF FINANCIAL OFFICER
- Total calculated
- $219,781
- From this org
- $207,409
- From related orgs
- $0
- Other
- $12,372
- Hours/week
- 35 + 1 related
Schedule J breakdown matched by us
- Base
- $207,409
- Bonus
- $0
- Other
- $0
- Deferred
- $11,622
- Nontaxable benefits
- $750
- Filer's total
- $219,781
-
Annette HomanANNETTE HOMAN
CHIEF OPERATING OFFICER
- Total calculated
- $266,965
- From this org
- $229,933
- From related orgs
- $0
- Other
- $37,032
- Hours/week
- 35 + 1 related
Schedule J breakdown matched by us
- Base
- $229,933
- Bonus
- $0
- Other
- $0
- Deferred
- $14,343
- Nontaxable benefits
- $22,689
- Filer's total
- $266,965
-
Mark PrysockMARK PRYSOCK
GENERAL COUNSEL
- Total calculated
- $253,034
- From this org
- $227,281
- From related orgs
- $0
- Other
- $25,753
- Hours/week
- 35 + 1 related
Schedule J breakdown matched by us
- Base
- $227,281
- Bonus
- $0
- Other
- $0
- Deferred
- $12,779
- Nontaxable benefits
- $12,974
- Filer's total
- $253,034
-
Michael PetersMICHAEL PETERS
CHIEF TECHNOLOGY OFFICER
- Total calculated
- $248,737
- From this org
- $203,580
- From related orgs
- $0
- Other
- $45,157
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $203,580
- Bonus
- $0
- Other
- $0
- Deferred
- $12,852
- Nontaxable benefits
- $32,305
- Filer's total
- $248,737
-
Stuart Ruff-LyonSTUART RUFF-LYON
VP-EVENTS
- Total calculated
- $202,150
- From this org
- $178,270
- From related orgs
- $0
- Other
- $23,880
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $178,270
- Bonus
- $0
- Other
- $0
- Deferred
- $10,960
- Nontaxable benefits
- $12,920
- Filer's total
- $202,150
-
Steven ChouSTEVEN CHOU
VP-GLOBAL INITIATIVES
- Total calculated
- $176,769
- From this org
- $156,992
- From related orgs
- $0
- Other
- $19,777
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $156,992
- Bonus
- $0
- Other
- $0
- Deferred
- $9,701
- Nontaxable benefits
- $10,076
- Filer's total
- $176,769
-
Gina BoyleGINA BOYLE
CONTROLLER
- Total calculated
- $160,944
- From this org
- $153,504
- From related orgs
- $0
- Other
- $7,440
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $153,504
- Bonus
- $0
- Other
- $0
- Deferred
- $7,440
- Nontaxable benefits
- $0
- Filer's total
- $160,944
-
Richard OfosuRICHARD OFOSU
LEAD NET DEVELOPER
- Total calculated
- $156,470
- From this org
- $137,450
- From related orgs
- $0
- Other
- $19,020
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $137,450
- Bonus
- $0
- Other
- $0
- Deferred
- $8,455
- Nontaxable benefits
- $10,565
- Filer's total
- $156,470
-
Denise Teresa OsorioDENISE TERESA OSORIO
VP-PROFESSIONAL DEVELOPMENT
- Total calculated
- $138,622
- From this org
- $130,775
- From related orgs
- $0
- Other
- $7,847
- Hours/week
- 35
-
Robin TallantROBIN TALLANT
MARKETING DIRECTOR
- Total calculated
- $136,288
- From this org
- $128,353
- From related orgs
- $0
- Other
- $7,935
- Hours/week
- 35
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
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
-
SPENCER EDUCATIONAL FOUNDATION
$30,000
GRANT AND SPONSORSHIP
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.
-
GLOBAL RISK MANAGEMENT INSTITUTE INC
501(C)(3) · PROFESSIONAL DEVELOPMENT · NY · controlled entity
Directly controlled by RIMS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 17 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333139349302523
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