Civic Intelligence

The Griffith Insurance Education Foundation

990 • Fiscal year 2017 • EIN 31-6052801

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

Organization ProfileWWW.GRIFFITHFOUNDATION.ORG

View Organization Page

720 Providence RoadMalvern, PA 19355

(610) 644-2100

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.33x

Higher debt load relative to assets than 72% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

83rd percentile

0.80x

Higher debt load relative to revenue than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

78th percentile

20%

Higher net margin than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

99th percentile

$1,265,663

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 96.5% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

75th percentile

14%

Faster asset growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

61st percentile

10%

Faster revenue growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$3,146,941

Up $393,326 (+14%) from 2016

Net Assets

Up

$2,096,941

Up $393,326 (+23%) from 2016

Liabilities

Flat

$1,050,000

Flat from 2016

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin78th percentile

Revenue

Up

$1,310,931

Up $119,450 (+10%) from 2016

Expenses

Up

$1,047,201

Up $4,977 (+0.5%) from 2016

Net Income

Up

$263,730

Up $114,473 (+77%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2012: $2,313,275Liabilities 2012: $693,435Net Assets 2012: $1,619,8402012Assets 2013: $2,234,934Liabilities 2013: $1,050,000Net Assets 2013: $1,184,9342013Assets 2014: $2,363,826Liabilities 2014: $1,050,000Net Assets 2014: $1,313,8262014Assets 2015: $2,549,146Liabilities 2015: $1,050,000Net Assets 2015: $1,499,1462015Assets 2016: $2,753,615Liabilities 2016: $1,050,000Net Assets 2016: $1,703,6152016Assets 2017: $3,146,941Liabilities 2017: $1,050,000Net Assets 2017: $2,096,9412017Assets 2018: $3,126,793Liabilities 2018: $2,100,000Net Assets 2018: $1,026,7932018Assets 2019: $3,877,075Liabilities 2019: $262,500Net Assets 2019: $3,614,5752019Assets 2020: $954,393Liabilities 2020: $1,312,500Net Assets 2020: -$358,1072020Assets 2021: $958,976Liabilities 2021: $1,647,281Net Assets 2021: -$688,3052021Assets 2022: $388Liabilities 2022: $1,113,912Net Assets 2022: -$1,113,5242022Assets 2023: $0Liabilities 2023: $1,733,499Net Assets 2023: -$1,733,4992023Assets 2024: $205,317Liabilities 2024: $2,462,848Net Assets 2024: -$2,257,5312024

Highlighted filing

2017

Assets$3,146,941
Liabilities$1,050,000
Net Assets$2,096,941
Open 2017 Filing

Operations Trend

Revenue Growth61st percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2012: $1,387,0602012Revenue 2013: $473,339Expenses 2013: $1,061,801Net Income 2013: -$588,4622013Revenue 2014: $1,204,711Expenses 2014: $1,055,742Net Income 2014: $148,9692014Revenue 2015: $1,318,578Expenses 2015: $1,038,599Net Income 2015: $279,9792015Revenue 2016: $1,191,481Expenses 2016: $1,042,224Net Income 2016: $149,2572016Revenue 2017: $1,310,931Expenses 2017: $1,047,201Net Income 2017: $263,7302017Revenue 2018: $216,872Expenses 2018: $1,046,415Net Income 2018: -$829,5432018Revenue 2019: $3,361,306Expenses 2019: $1,058,519Net Income 2019: $2,302,7872019Revenue 2020: $114,870Expenses 2020: $3,907,182Net Income 2020: -$3,792,3122020Revenue 2021: $4,602Expenses 2021: $334,800Net Income 2021: -$330,1982021Revenue 2022: $2,570Expenses 2022: $427,789Net Income 2022: -$425,2192022Revenue 2023: $0Expenses 2023: $619,975Net Income 2023: -$619,9752023Revenue 2024: $60,000Expenses 2024: $584,032Net Income 2024: -$524,0322024

Highlighted filing

2017

Revenue$1,310,931
Expenses$1,047,201
Net Income$263,730
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$2,559,730
Mission and Program Overview

Mission

Griffith insurance education foundation promotes the study and teaching of risk management and all lines of insurance through educational programs targeting students and public policymakers.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,288,047$2,608,602▲ $320,555
Cash and Non-Interest-Bearing Accounts$454,629$531,075▲ $76,446
Accounts Receivable$5,500$0▼ $5,500
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,753,615$3,146,941▲ $393,326
Other Assets Total$5,439$7,264▲ $1,825
Liabilities
Accounts Payable and Accrued Expenses$1,050,000$1,050,000→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,050,000$1,050,000→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,586,873$1,957,041▲ $370,168
Permanently Rstr Net Assets$116,742$139,900▲ $23,158
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,703,615$2,096,941▲ $393,326
Total Liabilities and Net Assets / Fund Balance$2,753,615$3,146,941▲ $393,326

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$116,742-▲ $25,658-$139,900
2016$131,919-▲ $6,823-$116,742
2015$160,208-▲ $2,962-$131,919
2014$162,005-▲ $7,203-$160,208
2013$388,540-▲ $15,883$112,918$162,005
Compensation and Service Providers
Top Officer Pay99th percentile

Board Members and Trustees

NameTitle
Peter L MillerPresident & CEO
Elizabeth a SprinkelSecretary
Jeffrey a ScheidtTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
AicpcuManagement Services720 PROVIDENCE ROAD, Malvern, PA 19355$1,050,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,125,700
Program Service Revenue
$0
Investment Income
$180,111
Other Revenue
$5,120
All Other Contributions
$75,700
Change in Net Assets
$263,730

Audited Revenue Reconciliation

Revenue per Audited Statements
$260,931
Revenue Not Reported on Financial Statements
$1,050,000
Revenue Not Reported on Form 990
$63,057,365
Other Revenue Adjustments
$1,050,000
Total Revenue per Audited Statements
$63,318,296
Total Revenue per Form 990
$1,310,931
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,047,201
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$7,875--$7,875
Other Expenses$59$0$0$59
Total Functional Expenses$1,047,201$0$0$1,047,201

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$43,373,703
Expenses Not Reported on Form 990$43,365,769
Total Expenses per Form 990$1,047,201
Expenses Not Reported on Financial Statements$1,039,267
Other Expense Adjustments$1,039,267
Expenses per Audited Statements$7,934
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,750
Fundraising Direct Expenses$10,733
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Namic Annual$15,750$15,750$10,733$5,017
Total Events$15,750$15,750$10,733$5,017
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Lines 6, 7A & 7B

“The american institute for chartered property casualty underwriters ("the institutes") and the griffith insurance education foundation ("foundation") entered into an affiliation agreement (the "agreement"), effective may 1, 2012, and a management services agreement ("msa"), in order to serve as a powerful, united voice to significantly influence insurance education, and work together to promote the study and teaching of risk management and insurance by providing insurance education and tools for higher education institutions, professors, students, and insurance education for public policy makers among other activities. The institutes, as of the effective date of the agreement, has sole authority and right to (i) elect the foundation's board of directors; (ii) amend the foundation's articles of incorporation; (iii) merge or dissolve the foundation, and; (vi) amend the foundation's bylaws. The board of directors has the authority for all other foundation matters and decisions with the exception of the election of the members and officers of the foundation's leadership council.”

Form 990, Part VI, Section B, Line 11

“The form 990 is prepared by an independent accounting firm and reviewed by the board of directors for approval before filing.”

Form 990, Part VI, Section B, Line 12C

“An annual form is submitted by all directors and key people and reviewed by the corporate secretary for potential conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Griffith Insurance Education Foundation
EIN
31-6052801
In Care Of
% JEFFREY A SCHEIDT
Phone
6106442100
Address
720 PROVIDENCE ROAD, MALVERN, PA 19355

Signing Officer

Name
Jeffrey a Scheidt
Title
Treasurer
Phone
6106442100
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter L Miller
Formed
1947
Legal Domicile
Oh
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
35

Preparer

Firm
PricewaterhouseCoopers LLP
Address
2001 MARKET ST SUITE 1800, PHILADELPHIA, PA 19103
Preparer
Eric M Mcneil
Phone
2673303000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“Griffith insurance education foundation promotes the study and teaching of risk management and all lines of insurance through educational programs targeting students and public policymakers.”

Financial Statement Notes

Form 990, Schedule D, Part V, Line 3A & 4

“Promotes the study and teaching of risk management and all lines of insurance educational programs targeting students and public policy makers.”

Form 990, Schedule D, Part XI, Line 2D

“Revenue from affiliates $63,067,562”

Form 990, Schedule D, Part XI, Line 4D

“Contribution from affiliate $1,050,000”

Form 990, Schedule D, Part XII, Line 2D

“Expenses from affiliates $43,365,769”

Form 990, Schedule D, Part XII, Line 4D

“Management service fee, adjusted $1,050,000 expenses included in the above, reported on part viii, line 8b (10,733) ------------ total $1,039,267”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherAssetsTotalGrp/EOYAmt07264
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT SERVICE FEES
IRS990/OtherExpensesGrp/Desc1FUNDRAISING EXPENSES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt01050000
IRS990/OtherExpensesGrp/ProgramServicesAmt1-10733
IRS990/OtherExpensesGrp/ProgramServicesAmt259
IRS990/OtherExpensesGrp/TotalAmt01050000
IRS990/OtherExpensesGrp/TotalAmt1-10733
IRS990/OtherExpensesGrp/TotalAmt259
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt0103
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0103
IRS990/OtherRevenueTotalAmt0103
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0116742
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0139900
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0PETER L MILLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01119650
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt056648
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01042224
IRS990/PYOtherRevenueAmt015183
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0149257
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01042224
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01191481
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0263730
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt01050000
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt071400
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt056400
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt074670
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt011000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0145000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0358470
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01125700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01119650
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01194570
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01085561
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0416900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04942381
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt083225
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt039526
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt048637
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt053520
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt044424
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0269332
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0104
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01295
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01399
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt083225
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt039526
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt048637
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt053520
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt044424
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0269332
IRS990ScheduleA/InvestmentIncomeCYPct00.05140
IRS990ScheduleA/InvestmentIncomePYPct00.04528
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05120
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt015183
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt06989
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt027292
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.87499
IRS990ScheduleA/PublicSupportPY509Pct00.86648
IRS990ScheduleA/PublicSupportTotal509Amt04585310
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt071400
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt056400
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt074670
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt011000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0145000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0358470
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01125700
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01119650
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01194570
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01085665
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0418195
IRS990ScheduleA/Total509Grp/TotalAmt04943780
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01214045
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01174359
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01250196
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01139185
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0462619
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05240404
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0116742
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0139900
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt02500
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt025658
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0131919
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0116742
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt022000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06823
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0160208
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0131919
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt031251
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02962
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0162005
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0160208
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt09000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07203
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0388540
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0162005
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0129500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt015883
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0112918
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt02500
IRS990ScheduleD/DonorAdvisedFundsHeldCnt03
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0139900
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt043365769
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01039267
IRS990ScheduleD/ExpensesSubtotalAmt07934
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0129596
IRS990ScheduleD/OtherExpensesIncludedAmt043365769
IRS990ScheduleD/OtherExpensesNotIncludedAmt01039267
IRS990ScheduleD/OtherRevenueAmt062927769
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01050000
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.87000
IRS990ScheduleD/RevenueNotReportedAmt063057365
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01050000
IRS990ScheduleD/RevenueSubtotalAmt0260931
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROMOTES THE STUDY AND TEACHING OF RISK MANAGEMENT AND ALL LINES OF INSURANCE EDUCATIONAL PROGRAMS TARGETING STUDENTS AND PUBLIC POLICY MAKERS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUE FROM AFFILIATES $63,067,562
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CONTRIBUTION FROM AFFILIATE $1,050,000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3EXPENSES FROM AFFILIATES $43,365,769
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4MANAGEMENT SERVICE FEE, ADJUSTED $1,050,000 EXPENSES INCLUDED IN THE ABOVE, REPORTED ON PART VIII, LINE 8B (10,733) ------------ TOTAL $1,039,267
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE D, PART V, LINE 3A & 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, SCHEDULE D, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, SCHEDULE D, PART XI, LINE 4D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, SCHEDULE D, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, SCHEDULE D, PART XII, LINE 4D

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,146,941
Liabilities
$1,050,000
Net assets
$2,096,941
Revenue
$1,310,931
Expenses
$1,047,201
Net income
$263,730
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.21$2.46$2.26$0.06$0.58$0.52
2023Detailed filing. Detailed filing data is available for this year.$0.00$1.73$1.73$0.00$0.62$0.62
2022Detailed filing. Detailed filing data is available for this year.$0.00$1.11$1.11$0.00$0.43$0.43
2021Detailed filing. Detailed filing data is available for this year.$0.96$1.65$0.69$0.00$0.33$0.33
2020Detailed filing. Detailed filing data is available for this year.$0.95$1.31$0.36$0.11$3.91$3.79
2019Detailed filing. Detailed filing data is available for this year.$3.88$0.26$3.61$3.36$1.06$2.30
2018Detailed filing. Detailed filing data is available for this year.$3.13$2.10$1.03$0.22$1.05$0.83
2017Detailed filing. Detailed filing data is available for this year.$3.15$1.05$2.10$1.31$1.05$0.26
2016Detailed filing. Detailed filing data is available for this year.$2.75$1.05$1.70$1.19$1.04$0.15
2015Detailed filing. Detailed filing data is available for this year.$2.55$1.05$1.50$1.32$1.04$0.28
2014Detailed filing. Detailed filing data is available for this year.$2.36$1.05$1.31$1.20$1.06$0.15
2013Detailed filing. Detailed filing data is available for this year.$2.23$1.05$1.18$0.47$1.06$0.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.69$1.62$1.39