Civic Intelligence

The Griffith Insurance Education Foundation

990 • Fiscal year 2019 • EIN 31-6052801

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

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

48th percentile

0.07x

Higher debt load relative to assets than 48% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

48th percentile

0.08x

Higher debt load relative to revenue than 48% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

95th percentile

69%

Higher net margin than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

100th percentile

$2,070,074

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 61.6% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

83rd percentile

24%

Faster asset growth than 83% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

1450%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$3,877,075

Up $750,282 (+24%) from 2018

Net Assets

Up

$3,614,575

Up $2,587,782 (+252%) from 2018

Liabilities

Down

$262,500

Down $1,837,500 (-88%) from 2018

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin95th percentile

Revenue

Up

$3,361,306

Up $3,144,434 (+1450%) from 2018

Expenses

Up

$1,058,519

Up $12,104 (+1.2%) from 2018

Net Income

Up

$2,302,787

Up $3,132,330 (+378%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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

2019

Assets$3,877,075
Liabilities$262,500
Net Assets$3,614,575
Open 2019 Filing

Operations Trend

Revenue Growth99th 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

2019

Revenue$3,361,306
Expenses$1,058,519
Net Income$2,302,787
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.1
Gross Receipts
$4,901,116
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$2,459,088$2,888,203▲ $429,115
Cash and Non-Interest-Bearing Accounts$658,396$978,837▲ $320,441
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$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$3,126,793$3,877,075▲ $750,282
Other Assets Total$9,309$10,035▲ $726
Liabilities
Accounts Payable and Accrued Expenses$2,100,000$262,500▼ $1,837,500
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$2,100,000$262,500▼ $1,837,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$905,392$3,486,688▲ $2,581,296
Net Assets With Donor Restrictions$121,401$127,887▲ $6,486
Total Net Assets Fund Balance$1,026,793$3,614,575▲ $2,587,782
Total Liabilities and Net Assets / Fund Balance$3,126,793$3,877,075▲ $750,282

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$121,401-▲ $6,486-$127,887
2018$139,900-▼ $12,999-$121,401
2017$116,742-▲ $25,658-$139,900
2016$131,919-▲ $6,823-$116,742
2015$160,208-▲ $2,962-$131,919
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
Peter L MillerPresident & CEO
Katherine HorowitzSecretary (starting June 2019)
Elizabeth a SprinkelSecretary (through June 2019)
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
$3,217,500
Program Service Revenue
$0
Investment Income
$143,806
Other Revenue
$0
All Other Contributions
$67,500
Change in Net Assets
$2,302,787

Audited Revenue Reconciliation

Revenue per Audited Statements
$211,306
Revenue Not Reported on Financial Statements
$3,150,000
Revenue Not Reported on Form 990
$75,549,702
Other Revenue Adjustments
$3,150,000
Total Revenue per Audited Statements
$75,761,008
Total Revenue per Form 990
$3,361,306
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,058,519
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$8,513$0$0$8,513
Information Technology$166--$166
Other Expenses$6--$6
Occupancy$-166--$-166
Total Functional Expenses$1,058,519$0$0$1,058,519

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$66,233,721
Expenses Not Reported on Form 990$66,225,202
Total Expenses per Form 990$1,058,519
Expenses Not Reported on Financial Statements$1,050,000
Other Expense Adjustments$1,050,000
Expenses per Audited Statements$8,519
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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 35% controlled entity
No
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
2020-11-11
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
28

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 $75,264,707 form 990, schedule d, part xi, line 4b contributions from affiliates $3,150,000”

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

“Expenses from affiliates $66,225,202”

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

“Management service fee $1,050,000”

Raw XML AppendixShowing 400 of 686 raw XML fields

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/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0284995
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0905392
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03486688
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0-166
IRS990/OccupancyGrp/TotalAmt0-166
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09309
IRS990/OtherAssetsTotalGrp/EOYAmt010035
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT SERVICE FEES
IRS990/OtherExpensesGrp/Desc1EDUCATIONAL RELATED
IRS990/OtherExpensesGrp/ProgramServicesAmt01050000
IRS990/OtherExpensesGrp/ProgramServicesAmt16
IRS990/OtherExpensesGrp/TotalAmt01050000
IRS990/OtherExpensesGrp/TotalAmt16
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
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/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0PETER L MILLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt074508
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0133597
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01046415
IRS990/PYOtherRevenueAmt08767
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-829543
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01046415
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0216872
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02302787
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt03150000
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/CurrentTaxYearAmt067500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt074508
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt071400
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt056400
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt074670
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0344478
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03217500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt074508
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01125700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01119650
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01194570
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt06731928
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt061050
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt076342
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt083225
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt039526
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt048637
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0308780
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt061050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt076342
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt083225
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt039526
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt048637
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0308780
IRS990ScheduleA/InvestmentIncomeCYPct00.04363
IRS990ScheduleA/InvestmentIncomePYPct00.06101
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt08767
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05120
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt015183
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt06989
IRS990ScheduleA/OtherIncome509Grp/TotalAmt036059
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.90259
IRS990ScheduleA/PublicSupportPY509Pct00.87336
IRS990ScheduleA/PublicSupportTotal509Amt06387450
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt067500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt074508
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt071400
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt056400
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt074670
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0344478
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03217500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt074508
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01125700
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01119650
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01194570
IRS990ScheduleA/Total509Grp/TotalAmt06731928
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03278550
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0159617
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01214045
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01174359
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01250196
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07076767
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0121401
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0127887
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt06486
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0139900
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0121401
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt05500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-12999
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0116742
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0139900
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt02500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt025658
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0131919
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0116742
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt022000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06823
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0160208
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0131919
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt031251
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02962
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsHeldCnt03
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0127887
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt066225202
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01050000
IRS990ScheduleD/ExpensesSubtotalAmt08519
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0284995
IRS990ScheduleD/OtherExpensesIncludedAmt066225202
IRS990ScheduleD/OtherExpensesNotIncludedAmt01050000
IRS990ScheduleD/OtherRevenueAmt075264707
IRS990ScheduleD/OtherRevenuesNotIncludedAmt03150000
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.79000
IRS990ScheduleD/RevenueNotReportedAmt075549702
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt03150000
IRS990ScheduleD/RevenueSubtotalAmt0211306
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 $75,264,707 FORM 990, SCHEDULE D, PART XI, LINE 4B CONTRIBUTIONS FROM AFFILIATES $3,150,000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EXPENSES FROM AFFILIATES $66,225,202
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT SERVICE FEE $1,050,000
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE D, PART V, LINE 3A & 4

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,877,075
Liabilities
$262,500
Net assets
$3,614,575
Revenue
$3,361,306
Expenses
$1,058,519
Net income
$2,302,787
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