Civic Intelligence

Risk and Insurance Management Society Inc

990 • Fiscal year 2014 • EIN 13-1860397

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 09, 2015

1065 Ave of the Americas 13th FlNew York, NY 10018

(212) 655-6208

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.40x

Higher debt load relative to assets than 59% of similar nonprofits.

2014 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

57th percentile

0.50x

Higher debt load relative to revenue than 57% of similar nonprofits.

2014 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2014

Net Margin

68th percentile

9.7%

Higher net margin than 68% of similar nonprofits.

2014 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

33rd percentile

$385,711

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2014 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2014

Asset Growth

52nd percentile

5.6%

Faster asset growth than 52% of similar nonprofits.

2014 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

28th percentile

0.6%

Faster revenue growth than 28% of similar nonprofits.

2014 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Assets

Up

$19,355,847

Up $1,018,569 (+5.6%) from 2013

Net Assets

Up

$11,577,079

Up $984,824 (+9.3%) from 2013

Liabilities

Up

$7,778,768

Up $33,745 (+0.4%) from 2013

Revenue

Up

$15,442,915

Up $86,631 (+0.6%) from 2013

Expenses

Down

$13,942,850

Down $13,391 (-0.1%) from 2013

Net Income

Up

$1,500,065

Up $100,022 (+7.1%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $15,153,995Liabilities 2011: $6,377,265Net Assets 2011: $8,776,7302011Assets 2012: $16,133,552Liabilities 2012: $6,420,199Net Assets 2012: $9,713,3532012Assets 2013: $18,337,278Liabilities 2013: $7,745,023Net Assets 2013: $10,592,2552013Assets 2014: $19,355,847Liabilities 2014: $7,778,768Net Assets 2014: $11,577,0792014Assets 2017: $20,489,251Liabilities 2017: $6,756,098Net Assets 2017: $13,733,1532017Assets 2018: $18,005,361Liabilities 2018: $6,981,098Net Assets 2018: $11,024,2632018Assets 2019: $17,165,187Liabilities 2019: $7,366,984Net Assets 2019: $9,798,2032019Assets 2020: $16,803,263Liabilities 2020: $6,176,783Net Assets 2020: $10,626,4802020Assets 2021: $15,569,864Liabilities 2021: $6,219,880Net Assets 2021: $9,349,9842021Assets 2022: $20,248,710Liabilities 2022: $15,670,989Net Assets 2022: $4,577,7212022Assets 2023: $21,948,496Liabilities 2023: $16,735,160Net Assets 2023: $5,213,3362023Assets 2024: $22,200,138Liabilities 2024: $15,537,452Net Assets 2024: $6,662,6862024

Highlighted filing

2014

Assets$19,355,847
Liabilities$7,778,768
Net Assets$11,577,079

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2011: $12,605,5372011Expenses 2012: $13,419,4312012Revenue 2013: $15,356,284Expenses 2013: $13,956,241Net Income 2013: $1,400,0432013Revenue 2014: $15,442,915Expenses 2014: $13,942,850Net Income 2014: $1,500,0652014Revenue 2017: $17,121,948Expenses 2017: $15,786,871Net Income 2017: $1,335,0772017Revenue 2018: $15,800,469Expenses 2018: $16,879,941Net Income 2018: -$1,079,4722018Revenue 2019: $16,802,601Expenses 2019: $19,277,162Net Income 2019: -$2,474,5612019Revenue 2020: $13,849,943Expenses 2020: $13,462,192Net Income 2020: $387,7512020Revenue 2021: $12,268,578Expenses 2021: $13,297,467Net Income 2021: -$1,028,8892021Revenue 2022: $15,141,629Expenses 2022: $16,811,932Net Income 2022: -$1,670,3032022Revenue 2023: $18,564,344Expenses 2023: $19,010,375Net Income 2023: -$446,0312023Revenue 2024: $21,678,293Expenses 2024: $20,571,061Net Income 2024: $1,107,2322024

Highlighted filing

2014

Revenue$15,442,915
Expenses$13,942,850
Net Income$1,500,065
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 9, 2015
Return Version
2014v5.0
Gross Receipts
$25,079,756
Mission and Program Overview

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 organization 2. Equip risk professionals globally to succeed in an evolving environment 3. Enhance engagement with members and the broader risk community 4. Expand rims influence worldwide

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 advance risk management for your organization's success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,169,480$13,854,563▲ $685,083
Cash and Non-Interest-Bearing Accounts$1,522,052$1,948,364▲ $426,312
Land, Buildings, and Equipment, Net$1,429,832$1,407,003▼ $22,829
Prepaid Expenses and Deferred Charges$1,012,073$956,722▼ $55,351
Savings and Temporary Cash Investments$693,538$612,368▼ $81,170
Accounts Receivable$427,097$486,566▲ $59,469
Receivables From Officers Etc$16,685$19,418▲ $2,733
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$18,337,278$19,355,847▲ $1,018,569
Other Assets Total$66,521$70,843▲ $4,322
Liabilities
Deferred Revenue$5,570,703$6,003,876▲ $433,173
Accounts Payable and Accrued Expenses$1,241,091$1,110,797▼ $130,294
Other Liabilities$633,229$564,095▼ $69,134
Grants Payable$300,000$100,000▼ $200,000
Total Liabilities$7,745,023$7,778,768▲ $33,745
Net Assets / Fund Balance
Unrestricted Net Assets$10,592,255$11,577,079▲ $984,824
Total Net Assets Fund Balance$10,592,255$11,577,079▲ $984,824
Total Liabilities and Net Assets / Fund Balance$18,337,278$19,355,847▲ $1,018,569

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$900,522$2,468,337$3,368,859
Leasehold Improvements$427,909$947,550$1,375,459
Equipment$78,572$764,668$843,240
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary RothExecutive DirectorFT$307,640$78,071$385,711
Annette HomanDeputy Executive DirectorFT$179,129$70,417$249,546
Mark PrysockGeneral CounselFT$172,892$63,166$236,058
Michael PetersDir- Info TechFT$162,753$55,190$217,943
John J HarringtonCFOFT$136,241$68,659$204,900
Carol FoxDir- Strategic ERMFT$128,707$57,645$186,352
Nikole TenbrinkDir- MarketingFT$127,917$47,047$174,964
Stuart RuffDirector of M&EFT$109,558$49,006$158,564

Board Members and Trustees

NameTitle
Richard RobertsPresident
Julie PembertonVice President
Al GorskiDirector
Fred SavageDirector
Gloria BrosiusDirector
Gordon AdamsDirector
Janet SteinDirector
Leslie LambDirector
Lori SeidenbergDirector
Robert ZhangDirector
Steve PottleDirector
Carolyn SnowEx Officio
Jennifer SantiagoSecretary
Robert CartwrightTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Get EfficientTech. Provider1048 Dolphin Drive, Cape Coral, FL 33904$146,482
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,478,951
Investment Income
$1,070,681
Other Revenue
$893,283
Change in Net Assets
$1,500,065

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,397,852
Revenue Not Reported on Financial Statements
$45,063
Revenue Not Reported on Form 990
$-515,241
Total Revenue per Audited Statements
$14,882,611
Total Revenue per Form 990
$15,442,915
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,516,669
Salaries, Compensation, and Employee Benefits$6,388,585
Grants and Similar Amounts Paid$37,596
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,253,796
Conferences and Meetings---$3,022,251
Current Officers, Directors, Trustees, and Key Employees---$731,345
Other Employee Benefits---$707,178
Office Expenses---$610,562
Occupancy---$595,835
Travel---$579,879
Depreciation Depletion---$569,138
Fees for Services Other---$394,256
Payroll Taxes---$355,930
Pension Plan Contributions---$340,336
Information Technology---$293,725
Insurance---$201,704
Fees for Services Legal---$151,319
Advertising---$135,648
Fees for Services Accounting---$116,645
All Other Expenses---$106,562
Other Expenses---$76,545
Fees for Service Investment Mgmnt Fees---$45,063
Grants to Domestic Orgs---$28,500
Foreign Grants---$9,096
Total Functional Expenses$0$0$0$13,942,850

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$13,942,850
Expenses per Audited Statements$13,897,787
Total Expenses per Audited Statements$13,897,787
Expenses Not Reported on Financial Statements$45,063
International Activity

International Summary

Employees
1
Spending
$376,262

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
CanadaSupports, promotes andProfessional Develop01$236,770
-Risk Forum held in Australia-00$139,492
Australiacoordinates risk mgmt& Annual Conference00$0
-in CanadaConference00$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$343,196
Total Nondeductible Lobbying and Political Cost$343,196
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$16,685$19,418▲ $2,733
Receivables from Disqualified Persons-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Payable$493,252
Liability for Chapter Investments$70,843
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Management reviewed a draft of the Form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the Form 990 was sent to the full board of directors prior to being filed with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization has a "board approved" conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Three commissioned studies of comparability data were provided to the Executive Committee. The committee evaluated the material received as well as the comparative data from 990 filings. Following a deliberation on this matter, the committee voted to recommend and approve a new proposed salary for the executive director and key employees.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request

Filing and Contact Details

Filer

Filer Name
Risk & Insurance Management
EIN
13-1860397
Phone
2126556208
Address
1065 Ave of the Americas 13th Fl, New York, NY 10018

Signing Officer

Name
John J Harrington
Title
CFO
Signed
2015-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Roth
Formed
1929
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
60
Volunteers
845

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016-6517
Preparer
David C Ashenfarb
Phone
2122682800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

RIMS does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending December 31, 2011 and later are subject to examination by applicable taxing authorities.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Carolyn Snow
IRS990/Form990PartVIISectionAGrp/PersonNm1Robert Zhang
IRS990/Form990PartVIISectionAGrp/PersonNm2Robert Cartwright
IRS990/Form990PartVIISectionAGrp/PersonNm3Al Gorski
IRS990/Form990PartVIISectionAGrp/PersonNm4Steve Pottle
IRS990/Form990PartVIISectionAGrp/PersonNm5Gordon Adams
IRS990/Form990PartVIISectionAGrp/PersonNm6Leslie Lamb
IRS990/Form990PartVIISectionAGrp/PersonNm7Julie Pemberton
IRS990/Form990PartVIISectionAGrp/PersonNm8Richard Roberts
IRS990/Form990PartVIISectionAGrp/PersonNm9Fred Savage
IRS990/Form990PartVIISectionAGrp/PersonNm10Lori Seidenberg
IRS990/Form990PartVIISectionAGrp/PersonNm11Jennifer Santiago
IRS990/Form990PartVIISectionAGrp/PersonNm12Gloria Brosius
IRS990/Form990PartVIISectionAGrp/PersonNm13Janet Stein
IRS990/Form990PartVIISectionAGrp/PersonNm14John J Harrington
IRS990/Form990PartVIISectionAGrp/PersonNm15Mary Roth
IRS990/Form990PartVIISectionAGrp/PersonNm16Annette Homan
IRS990/Form990PartVIISectionAGrp/PersonNm17Michael Peters
IRS990/Form990PartVIISectionAGrp/PersonNm18Nikole Tenbrink
IRS990/Form990PartVIISectionAGrp/PersonNm19Stuart Ruff
IRS990/Form990PartVIISectionAGrp/PersonNm20Carol Fox
IRS990/Form990PartVIISectionAGrp/PersonNm21Mark Prysock
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Ex Officio
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt8President
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt15Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt16Deputy Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Dir- Info Tech
IRS990/Form990PartVIISectionAGrp/TitleTxt18Dir- Marketing
IRS990/Form990PartVIISectionAGrp/TitleTxt19Dir. of M&E
IRS990/Form990PartVIISectionAGrp/TitleTxt20Dir- Strategic ERM
IRS990/Form990PartVIISectionAGrp/TitleTxt21General Counsel
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt028500
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IRS990/IndivRcvdGreaterThan100KCnt016
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/TotalAmt0201704
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt013854563
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IRS990/LicensedMoreThanOneStateInd0false
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IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt089969
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt089969
IRS990/MissionDesc0The 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 advance risk management for your organization's success.The goals of the Society are to:1. Increase the size and scope of the Society's membership base of risk practitioners.2. Strengthen the Society's chapter structure3. Develop and deliver risk management thought leadership, tools and resources4. Increase the Society's influence, advocacy and global profile5. Maintain an engaged staff and volunteer leadership, and progressive technologies and operations.
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IRS990/NetAssetsOrFundBalancesEOYAmt011577079
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0Bank fees
IRS990/OtherExpensesGrp/Desc1Repairs and maintenance
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/Desc3Supplies
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IRS990/OtherExpensesGrp/TotalAmt1191095
IRS990/OtherExpensesGrp/TotalAmt2111094
IRS990/OtherExpensesGrp/TotalAmt376545
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IRS990/OtherLiabilitiesGrp/EOYAmt0564095
IRS990/OtherRevenueMiscGrp/BusinessCd0561000
IRS990/OtherRevenueMiscGrp/Desc0Administrative Fee
IRS990/OtherRevenueMiscGrp/Desc1Other Revenue
IRS990/OtherRevenueMiscGrp/Desc2Website Advertising
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IRS990/PrincipalOfficerNm0Mary Roth
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IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
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IRS990/ProgramServiceRevenueGrp/Desc0Conference/Seminars
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IRS990/ProgramServiceRevenueGrp/Desc2Membership Dues
IRS990/ProgramServiceRevenueGrp/Desc3Publications
IRS990/ProgramServiceRevenueGrp/Desc4Survey Income
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt17832
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05980568

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.2$15.5$6.66$21.7$20.6$1.11
2023Detailed filing. Detailed filing data is available for this year.$21.9$16.7$5.21$18.6$19.0$0.45
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.2$15.7$4.58$15.1$16.8$1.67
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$15.6$6.22$9.35$12.3$13.3$1.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.8$6.18$10.6$13.8$13.5$0.39
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$7.37$9.80$16.8$19.3$2.47
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.0$6.98$11.0$15.8$16.9$1.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.5$6.76$13.7$17.1$15.8$1.34
2014Detailed filing. Detailed filing data is available for this year.$19.4$7.78$11.6$15.4$13.9$1.50
2013Detailed filing. Detailed filing data is available for this year.$18.3$7.75$10.6$15.4$14.0$1.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$6.42$9.71$13.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$6.38$8.78$12.6