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Nonprofiteer
← WHOLESALE AND SPECIALTY INSURANCE ASSOCIATION

Form 990 for tax year 2024

Filed by WHOLESALE AND SPECIALTY INSURANCE ASSOCIATION.

Totals

Total revenue
$15,798,095
Total expenses
$13,558,836
Contributions and grants received
$0
Grants paid
$53,000
Program service revenue
$14,331,620
Investment income
$1,466,475
Other revenue
$0
Total assets, end of year
$23,573,607
Total liabilities, end of year
$3,916,388
Net assets or fund balances, end of year
$19,657,219
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • BRENDA BALLARD AUSTENFELD

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • PHILLIP MCCRORIE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • PATRICK ALBRECHT

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • WENDY HOUSER

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • DAVE OBENAUER

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • STEVE BOYD

    DIRECTOR (TERM START 2024)

    Total calculated
    $0
    Hours/week
    1

  • CHRISTI CARRINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VERONICA DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANNIE DAWSON NON-VOTING

    DIRECTOR (TERM START 2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GERALD DUPRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL GARRISON

    DIRECTOR (TERM START 2024)

    Total calculated
    $0
    Hours/week
    1

  • DANNY KAUFMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LOU LEVINSON

    DIRECTOR (TERM START 2024)

    Total calculated
    $0
    Hours/week
    1

  • JEFF MCNATT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTA NADLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICK ROE

    DIRECTOR (TERM START 2024)

    Total calculated
    $0
    Hours/week
    1

  • ROBERT SANDERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CORYN THALMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIELLE WADE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BRYAN CLARK

    DIRECTOR (TERM END 3/2024)

    Total calculated
    $0
    Hours/week
    1

  • JANET JORDAN FOSTER

    DIRECTOR (TERM END 4/2024)

    Total calculated
    $0
    Hours/week
    1

  • HENRY LOPEZ

    DIRECTOR (TERM END 6/2024)

    Total calculated
    $0
    Hours/week
    1

  • BRADY KELLEY

    CEO & PRESIDENT

    Total calculated
    $879,999
    From this org
    $689,254
    From related orgs
    $0
    Other
    $190,745
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $523,770
    Bonus
    $165,484
    Other
    $0
    Deferred
    $138,065
    Nontaxable benefits
    $52,680
    Filer's total
    $879,999

  • VANESSA SIMS

    DIRECTOR OF TALENT & CULTURE

    Total calculated
    $337,000
    From this org
    $274,612
    From related orgs
    $0
    Other
    $62,388
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,612
    Bonus
    $31,000
    Other
    $0
    Deferred
    $26,356
    Nontaxable benefits
    $36,032
    Filer's total
    $337,000

  • KERI KISH

    GENERAL COUNSEL & POLICY DIRECTOR

    Total calculated
    $325,385
    From this org
    $293,955
    From related orgs
    $0
    Other
    $31,430
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,955
    Bonus
    $22,000
    Other
    $0
    Deferred
    $27,358
    Nontaxable benefits
    $4,072
    Filer's total
    $325,385

  • DEBBIE HILL

    DIRECTOR OF EVENTS

    Total calculated
    $306,461
    From this org
    $281,018
    From related orgs
    $0
    Other
    $25,443
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,318
    Bonus
    $35,700
    Other
    $0
    Deferred
    $16,130
    Nontaxable benefits
    $9,313
    Filer's total
    $306,461

  • SUSAN HENDERSON

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $272,093
    From this org
    $221,585
    From related orgs
    $0
    Other
    $50,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,585
    Bonus
    $26,000
    Other
    $0
    Deferred
    $20,134
    Nontaxable benefits
    $30,374
    Filer's total
    $272,093

  • JOHN MEETZ

    DIRECTOR OF GOVERNMENT RELATIONS

    Total calculated
    $233,032
    From this org
    $199,310
    From related orgs
    $0
    Other
    $33,722
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,310
    Bonus
    $30,000
    Other
    $0
    Deferred
    $17,051
    Nontaxable benefits
    $16,671
    Filer's total
    $233,032

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 · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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
TRAVEL FOR COMPANIONS IS PROVIDED TO THE CEO & PRESIDENT FOR A TRIP TO THE ORGANIZATION'S UNDERWRITING SUMMIT, SUMMER BOARD MEETING, AND ANNUAL MARKETPLACE. COMPANION TRAVEL FOR THE CEO & PRESIDENT IS NOT TREATED AS TAXABLE COMPENSATION TO THE CEO & PRESIDENT. THIS IS BECAUSE STAFF TRAVEL, INCLUDING COMPANION TRAVEL, IS ONLY REIMBURSED WHEN TRAVEL EXPENSES REPRESENT A BUSINESS EXPENSE. COMPANION TRAVEL IS CONSIDERED TO BE A BUSINESS EXPENSE WHEN THERE IS AN EXPECTATION OF THE BOARD OF DIRECTORS THAT THE CEO & PRESIDENT'S SPOUSE ALSO ATTEND A WSIA EVENT OR MEETING.
PART I, LINE 4B
DURING THE YEAR ENDED DECEMBER 31, 2021, WSIA ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER THE PROVISIONS OF THE INTERNAL REVENUE SERVICE ("IRS") CODE ("IRC") 457(F). BRADY KELLEY, CEO & PRESIDENT, IS THE SOLE PARTICIPANT OF THE PLAN. ANNUAL CONTRIBUTIONS TO THE PLAN ARE MADE AT THE DISCRETION OF THE COMPENSATION COMMITTEE AND EXECUTIVE COMMITTEE. THE PLAN PROVIDES FOR THE EMPLOYEE TO BE FULLY VESTED ON JANUARY 1, 2027, OR TERMINATION DUE TO DEATH. IF THE EMPLOYEE HAS A SEPARATION FROM SERVICE OTHER THAN DEATH PRIOR TO JANUARY 1, 2027, THE EMPLOYEE WILL NOT BE ENTITLED TO ANY BENEFIT AND THE AMOUNT WILL BE FORFEITED. DURING THE YEAR ENDED DECEMBER 31, 2024, CONTRIBUTIONS MADE BY WSIA TOTALED $107,565.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2025
IRS schema version
2024v5.1
Source object
202541359349305699

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