Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $1,547,388

• 1e · Government grants (contributions)

  $3,496,787

• 1f · All other contributions, gifts and grants

  $250,044

• 2a · Program service revenue: MEMBERSHIPS

  total $968,953 · unrelated business $968,953

• 2b · Program service revenue: STUDY MATERIALS

  total $20,977,576 · related or exempt $20,102,929 · unrelated business $874,647

• 2c · Program service revenue: EVENT RELATED

  total $8,178,966 · related or exempt $8,178,966

• 2d · Program service revenue: ADVERTISING

  total $689,587 · unrelated business $689,587

• 2e · Program service revenue: LICENSING

  total $2,661,602 · related or exempt $28,092 · unrelated business $2,633,510

• 3 · Investment income

  total $5,774,443 · excluded $5,774,443

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $5,344,938 · excluded $5,344,938

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $57,242,926

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

  securities $54,484,157

• 7c · Gain or loss

  securities $2,758,769

• 7d · Net gain or loss

  total $2,758,769 · excluded $2,758,769

• 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 $224,538 · related or exempt $224,538

• 11b · Other revenue: SHARED RESOURCES

  total $42,165,803 · related or exempt $38,564,636 · unrelated business $3,601,167

• 11e · Other revenue, total

  $42,390,341

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $255,500 · program services $255,500

• 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 $4,154,476 · program services $4,088,004 · management and general $66,472

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $27,049,871 · program services $26,617,073 · management and general $432,798

• 8 · Pension plan contributions

  total $2,898,657 · program services $2,852,278 · management and general $46,379

• 9 · Other employee benefits

  total $2,895,549 · program services $2,849,220 · management and general $46,329

• 10 · Payroll taxes

  total $2,050,992 · program services $2,018,176 · management and general $32,816

• 11a · Fees: management

  total $2,664,229 · program services $2,621,601 · management and general $42,628

• 11b · Fees: legal

  total $1,679,209 · program services $1,652,342 · management and general $26,867

• 11c · Fees: accounting

  total $376,371 · program services $370,349 · management and general $6,022

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $533,663 · program services $525,124 · management and general $8,539

• 11g · Fees: other

  total $0

• 12 · Advertising and promotion

  total $1,414,527 · program services $1,391,895 · management and general $22,632

• 13 · Office expenses

  total $46,172 · program services $45,433 · management and general $739

• 14 · Information technology

  total $5,847,762 · program services $5,754,198 · management and general $93,564

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $1,681,947 · program services $1,655,036 · management and general $26,911

• 17 · Travel

  total $1,063,431 · program services $1,046,416 · management and general $17,015

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $6,319,161 · program services $6,218,054 · management and general $101,107

• 20 · Interest

  total $1,485,608 · program services $1,461,838 · management and general $23,770

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $9,091,140 · program services $7,545,646 · management and general $1,545,494

• 23 · Insurance

  total $717,882 · program services $706,396 · management and general $11,486

• 24a · Other expenses: EDUCATIONAL RELATED

  total $6,223,542 · program services $6,223,542

• 24b · Other expenses: OFFICE AND ADMINISTRATIVE

  total $648,182 · program services $637,811 · management and general $10,371

• 24c · Other expenses: RESEARCH

  total $42,784 · program services $42,784

• 24d · Other expenses: ALL OTHER EXPENSES

  total $2,612,254 · management and general $2,612,254

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,404 · end of year $2,300,703

• 2 · Savings and temporary cash investments

  beginning of year $2,410,394 · end of year $2,350,142

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $72,238,810 · end of year $88,271,289

• 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 $2,803,013 · end of year $3,222,707

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

  $103,760,107

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

  $52,827,010

• 10c · Land, buildings and equipment, net

  beginning of year $50,015,531 · end of year $50,933,097

• 11 · Investments: publicly traded securities

  beginning of year $138,408,360 · end of year $144,612,618

• 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 $27,371,133 · end of year $26,637,423

• 15 · Other assets

  beginning of year $2,858,834 · end of year $2,963,170

• 17 · Accounts payable and accrued expenses

  beginning of year $9,267,033 · end of year $12,546,574

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $3,281,409 · end of year $3,003,979

• 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 $28,005,846 · end of year $25,122,765

• 27 · Net assets without donor restrictions

  beginning of year $255,423,387 · end of year $280,472,514

• 28 · Net assets with donor restrictions

  beginning of year $132,804 · end of year $145,317

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART I, LINE 1A

TRAVEL FOR COMPANIONS IS ALLOWED TO BOARD MEETINGS TWICE A YEAR.

FORM 990, SCHEDULE J, PART I, LINE 3

INSTITUTES' BOARD OF TRUSTEES UTILIZES THE FOLLOWING PROCESS: THE COMPENSATION ARRANGEMENT MUST BE APPROVED BY THE ORGANIZATION AND COMPENSATION COMMITTEE OF THE INSTITUTES COMPOSED ENTIRELY OF INDIVIDUALS WHO DON'T HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. IT ALSO MUST RELY ON COMPARABILITY DATA THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION IN QUESTION. THE ORGANIZATION AND COMPENSATION COMMITTEE MUST DOCUMENT HOW IT REACHED ITS DECISIONS INCLUDING THE DATA ON WHICH IT RELIED.

SCHEDULE J, PART I, LINE 4B

THE ORGANIZATION 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 $150,000 UNDER THE PLAN DURING CALENDAR YEAR 2023 AND THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II.

FORM 990, SCHEDULE J, PART I, LINE 7

THE ORGANIZATION ACCRUES BONUSES BASED ON PERFORMANCE REVIEWS RELATED TO MEETING CERTAIN GOALS OF THE INSTITUTES.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• SUGARTOWN HOLDINGS LLC

  HOLDING CO. · PA · assets $0

  Directly controlled by AICPCU

• THE INSTITUTES LLC

  EDUCATION · PA · assets $17,392,595

  Directly controlled by AICPCU

• PROKNOWLEDGE LLC

  EDUCATION · PA · assets $0

  Directly controlled by AICPCU

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• EOS VP I GP Limited

  100% owned

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• RISK KNOWLEDGE GROUP

  C CORP · EDUCATION · DE · 100% owned · share of income $5,288,290 · share of assets $16,873,281 · controlled entity

  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 · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by AICPCU

• RISKSTREAM LABS

  C CORP · INSURANCE · DE · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by NA

• TI TRAVEL INC

  C CORP · INSURANCE · DE · 100% owned · share of income $294,627 · share of assets $195,976 · controlled entity

  Directly controlled by AICPCU