Civic Intelligence

The Griffith Insurance Education Foundation

990 • Fiscal year 2020 • EIN 31-6052801

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

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

96th percentile

1.38x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

11.43x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

1st percentile

-3301%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

100th percentile

$1,742,443

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 1516.9% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

1st percentile

-75%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

1st percentile

-97%

Faster revenue growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$954,393

Down $2,922,682 (-75%) from 2019

Net Assets

Down

-$358,107

Down $3,972,682 (-110%) from 2019

Liabilities

Up

$1,312,500

Up $1,050,000 (+400%) from 2019

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$114,870

Down $3,246,436 (-97%) from 2019

Expenses

Up

$3,907,182

Up $2,848,663 (+269%) from 2019

Net Income

Down

-$3,792,312

Down $6,095,099 (-265%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2020

Assets$954,393
Liabilities$1,312,500
Net Assets-$358,107
Open 2020 Filing

Operations Trend

Revenue Growth1st 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

2020

Revenue$114,870
Expenses$3,907,182
Net Income-$3,792,312
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$318,596
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$2,888,203$0▼ $2,888,203
Cash and Non-Interest-Bearing Accounts$978,837$954,393▼ $24,444
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$3,877,075$954,393▼ $2,922,682
Other Assets Total$10,035$0▼ $10,035
Liabilities
Accounts Payable and Accrued Expenses$262,500$1,312,500▲ $1,050,000
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$262,500$1,312,500▲ $1,050,000
Net Assets / Fund Balance
Net Assets With Donor Restrictions$127,887$0▼ $127,887
Net Assets Without Donor Restrictions$3,486,688$-358,107▼ $3,844,795
Total Net Assets Fund Balance$3,614,575$-358,107▼ $3,972,682
Total Liabilities and Net Assets / Fund Balance$3,877,075$954,393▼ $2,922,682

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$127,887-▲ $13,079-$140,966
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
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
Peter L MillerPresident & CEO
Katherine HorowitzSecretary
Jeffrey a ScheidtTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
AicpcuShared Resources720 PROVIDENCE ROAD, Malvern, PA 19355$1,050,000
Revenue and Support

Revenue Composition

Contributions and Grants
$60,250
Program Service Revenue
$0
Investment Income
$54,620
Other Revenue
$0
All Other Contributions
$60,250
Change in Net Assets
$-3,792,312
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,853,864
Other Expenses$1,053,318
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,853,864--$2,853,864
Fees for Service Investment Mgmnt Fees$3,316$0$0$3,316
Other Expenses$2--$2
Total Functional Expenses$3,907,182$0$0$3,907,182
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
AicpcuMalvern, PA501(c)(3)General Support$2,853,864
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 shared resources agreement ("sra"), 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
2021-11-10
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
9

Preparer

Firm
Pricewaterhousecoopers Llp
Address
2001 MARKET STREET SUITE 1800, PHILADELPHIA, PA 19103
Preparer
Albert N Antonelli
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.”

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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0PETER L MILLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03217500
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0143806
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01058519
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02302787
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01058519
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03361306
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-3792312
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt060250
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt067500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt074508
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt071400
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt056400
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0330058
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt060250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt03217500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt074508
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01125700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01119650
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05597608
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt019606
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt061050
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt076342
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt083225
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt039526
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0279749
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt019606
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt061050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt076342
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt083225
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt039526
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0279749
IRS990ScheduleA/InvestmentIncomeCYPct00.04736
IRS990ScheduleA/InvestmentIncomePYPct00.04363
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt08767
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05120
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt015183
IRS990ScheduleA/OtherIncome509Grp/TotalAmt029070
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.89183
IRS990ScheduleA/PublicSupportPY509Pct00.90259
IRS990ScheduleA/PublicSupportTotal509Amt05267550
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt060250
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt067500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt074508
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt071400
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt056400
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0330058
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt060250
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03217500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt074508
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01125700
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01119650
IRS990ScheduleA/Total509Grp/TotalAmt05597608
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt079856
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03278550
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0159617
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01214045
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01174359
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05906427
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/BeginningYearBalanceAmt0127887
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0140966
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt013079
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0121401
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0127887
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06486
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0139900
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0121401
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt05500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-12999
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0116742
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0139900
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt02500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt025658
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0131919
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0116742
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt022000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06823
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsHeldCnt03
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0140966
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.77000
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/FormAndLineReferenceDesc0FORM 990, SCHEDULE D, PART V, LINE 3A & 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.23000
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt02853864
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AICPCU
IRS990ScheduleI/RecipientTable/RecipientEIN0231352012
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0720 PROVIDENCE ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MALVERN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0193550716
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINS RECORDS OF ENDOWMENT FUNDS THAT ARE DONATED SPECIFICALLY TO BE USED FOR SCHOLARSHIPS AND GRANTS. EACH YEAR, THEY ARE DISPERSED FOR THESE PURPOSES BASED ON APPLICATIONS RECEIVED, AND THESE TRANSACTIONS ARE MONITORED BY MAINTAINING A SCHEDULE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0754597
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt167950
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt292418
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0795290
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1244728
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2301627
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt045600

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$954,393
Liabilities
$1,312,500
Net assets
-$358,107
Revenue
$114,870
Expenses
$3,907,182
Net income
-$3,792,312
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