Civic Intelligence

Iru Inc

990 • Fiscal year 2020 • EIN 42-1192330

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

3626 E Tremont Ave 203Throggs Neck, NY 10465

(718) 892-0228

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.03x

Higher debt load relative to assets than 62% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.07x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

55th percentile

5.8%

Higher net margin than 55% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

91st percentile

$72,500

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 40.9% of source-year revenue.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

42nd percentile

-1.0%

Faster asset growth than 42% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

39th percentile

-30%

Faster revenue growth than 39% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$398,763

Down $4,109 (-1.0%) from 2019

Net Assets

Up

$386,138

Up $10,227 (+2.7%) from 2019

Liabilities

Down

$12,625

Down $14,336 (-53%) from 2019

Revenue

Down

$177,065

Down $74,189 (-30%) from 2019

Expenses

Down

$166,838

Down $136,927 (-45%) from 2019

Net Income

Up

$10,227

Up $62,738 (+119%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $545,432Liabilities 2010: $129,780Net Assets 2010: $415,6522010Assets 2011: $560,676Liabilities 2011: $146,979Net Assets 2011: $413,6972011Assets 2012: $412,782Liabilities 2012: $35,881Net Assets 2012: $376,9012012Assets 2013: $420,853Liabilities 2013: $34,612Net Assets 2013: $386,2412013Assets 2014: $418,858Liabilities 2014: $25,150Net Assets 2014: $393,7082014Assets 2015: $446,233Liabilities 2015: $3,625Net Assets 2015: $442,6082015Assets 2016: $456,022Liabilities 2016: $8,930Net Assets 2016: $447,0922016Assets 2017: $455,671Liabilities 2017: $4,615Net Assets 2017: $451,0562017Assets 2018: $440,377Liabilities 2018: $11,955Net Assets 2018: $428,4222018Assets 2019: $402,872Liabilities 2019: $26,961Net Assets 2019: $375,9112019Assets 2020: $398,763Liabilities 2020: $12,625Net Assets 2020: $386,1382020Assets 2021: $375,736Liabilities 2021: $13,075Net Assets 2021: $362,6612021Assets 2022: $369,909Liabilities 2022: $13,300Net Assets 2022: $356,6092022Assets 2023: $378,932Liabilities 2023: $22,075Net Assets 2023: $356,8572023Assets 2024: $356,209Liabilities 2024: $8,850Net Assets 2024: $347,3592024

Highlighted filing

2020

Assets$398,763
Liabilities$12,625
Net Assets$386,138

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $394,315Expenses 2010: $434,851Net Income 2010: -$40,5362010Revenue 2011: $436,819Expenses 2011: $438,774Net Income 2011: -$1,9552011Expenses 2012: $416,2622012Revenue 2013: $339,418Expenses 2013: $330,078Net Income 2013: $9,3402013Revenue 2014: $353,033Expenses 2014: $345,566Net Income 2014: $7,4672014Revenue 2015: $333,596Expenses 2015: $284,696Net Income 2015: $48,9002015Revenue 2016: $292,020Expenses 2016: $287,536Net Income 2016: $4,4842016Revenue 2017: $330,713Expenses 2017: $326,749Net Income 2017: $3,9642017Revenue 2018: $256,373Expenses 2018: $279,547Net Income 2018: -$23,1742018Revenue 2019: $251,254Expenses 2019: $303,765Net Income 2019: -$52,5112019Revenue 2020: $177,065Expenses 2020: $166,838Net Income 2020: $10,2272020Revenue 2021: $166,056Expenses 2021: $189,533Net Income 2021: -$23,4772021Revenue 2022: $312,193Expenses 2022: $318,245Net Income 2022: -$6,0522022Revenue 2023: $318,505Expenses 2023: $318,257Net Income 2023: $2482023Revenue 2024: $330,806Expenses 2024: $340,304Net Income 2024: -$9,4982024

Highlighted filing

2020

Revenue$177,065
Expenses$166,838
Net Income$10,227
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 1, 2021
Return Version
2020v4.0
Gross Receipts
$177,065
Mission and Program Overview

Mission

Education, professional development & networking services for members and potential member personnel including an annual conference & several seminar/webinar events annually and a professional publication. Also a scholarship essay program for college students interning at member companies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$374,978$376,389▲ $1,411
Prepaid Expenses and Deferred Charges$15,507$20,665▲ $5,158
Cash and Non-Interest-Bearing Accounts$12,387$1,709▼ $10,678
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$402,872$398,763▼ $4,109
Other Assets Total-$0-
Liabilities
Deferred Revenue$13,565--
Accounts Payable and Accrued Expenses$13,396$12,625▼ $771
Total Liabilities$26,961$12,625▼ $14,336
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$375,911$386,138▲ $10,227
Total Net Assets Fund Balance$375,911$386,138▲ $10,227
Total Liabilities and Net Assets / Fund Balance$402,872$398,763▼ $4,109
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeremy R WallisExecutive DirectorPT$72,500$72,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$170,655
Investment Income
$6,410
Other Revenue
$0
Change in Net Assets
$10,227
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$94,338
Salaries, Compensation, and Employee Benefits$72,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$72,500--$72,500
Fees for Services Management-$62,500-$62,500
Insurance-$8,497-$8,497
Advertising$6,953--$6,953
Fees for Services Accounting-$3,625-$3,625
Fees for Services Legal-$1,500-$1,500
All Other Expenses$685$506-$1,191
Other Expenses$1,752$643-$643
Total Functional Expenses$84,880$81,958$0$166,838
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

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

Governance Explanations

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

Each Director is provided a complete copy of Form 990 and all applicable schedules for review, comment and affirmatively providing written approval prior to filing the by the Executive Director.

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

Each year all directors, whether current or in nomination, are required to review, sign and return to the Executive Director a completed questionnaire. The Executive Director then reviews and makes available to the President all completed forms and a report is submitted to the Board at its next meeting.

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

The Executive Committee, comprised of the officers, is responsible for the review and approval of the consulting agreement entered into with the Executive Director and the association management agreement entered into with The Beaumont Group, Inc, who serve as Executive Administrators.

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

IRU, Inc. makes all documents available on request including the by-laws, which are posted on the website.

Filing and Contact Details

Filer

Filer Name
IRU Inc
EIN
42-1192330
Phone
7188920228
Address
3626 E Tremont Ave 203, Throggs Neck, NY 10465

Signing Officer

Name
Jeremy R Wallis
Title
Executive Director
Signed
2021-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy R Wallis
Formed
1986
Legal Domicile
Ny
Voting Board Members
29
Independent Board Members
29
Employees
0

Preparer

Firm
Kleespies Horwitz & Associates LLC CPAs
Address
67 Walnut Ave Ste 203, Clark, NJ 07066
Preparer
Paul A Kleespies CPA CGMA
Phone
8484673990
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: EDUCATIONAL PROGRAM SERVICE: reinsurance & insurance related entities operate in a constantly changing & competitive environment. For over 50 years the IRUA educational programs-a combination of an industry-wide Conference described on Line 4a, and specific technical programs being described here-assist member company personnel to become better informed, educated and trained. In addition to known risks, sessions are offered to identify and elaborate on emerging & potential technical and market risks that members face and will face in the future. Expenses are kept low by the generous support of a combination of member companies and law firms donating the use of their facilities. All IRUA events are open to members and non-members alike with non-members paying a higher registration fee. During the pandemic all events transitioned to virtual only.

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IRS990/Form990PartVIISectionAGrp/PersonNm6R Paul Carroll
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IRS990/Form990PartVIISectionAGrp/PersonNm8Keith Cartmell
IRS990/Form990PartVIISectionAGrp/PersonNm9Ryan Chefalas
IRS990/Form990PartVIISectionAGrp/PersonNm10Kevin S Rentko
IRS990/Form990PartVIISectionAGrp/PersonNm11Samuel DeGiovanni
IRS990/Form990PartVIISectionAGrp/PersonNm12Meghan DiBona
IRS990/Form990PartVIISectionAGrp/PersonNm13Brendan Furlong
IRS990/Form990PartVIISectionAGrp/PersonNm14Joshua Hackett
IRS990/Form990PartVIISectionAGrp/PersonNm15Thomas Hettinger
IRS990/Form990PartVIISectionAGrp/PersonNm16Elizabeth Hodge
IRS990/Form990PartVIISectionAGrp/PersonNm17Michael Sowa
IRS990/Form990PartVIISectionAGrp/PersonNm18Daniel Hojnowski
IRS990/Form990PartVIISectionAGrp/PersonNm19Julie Mc Loughlin
IRS990/Form990PartVIISectionAGrp/PersonNm20James Mc Nally
IRS990/Form990PartVIISectionAGrp/PersonNm21Michael Schummer
IRS990/Form990PartVIISectionAGrp/PersonNm22Steven Simmons
IRS990/Form990PartVIISectionAGrp/PersonNm23Andrew Downing
IRS990/Form990PartVIISectionAGrp/PersonNm24Laura Herubin
IRS990/Form990PartVIISectionAGrp/PersonNm25Jennifer Uy
IRS990/Form990PartVIISectionAGrp/PersonNm26Ryan Walsh
IRS990/Form990PartVIISectionAGrp/PersonNm27Carl Weinberger
IRS990/Form990PartVIISectionAGrp/PersonNm28John West
IRS990/Form990PartVIISectionAGrp/PersonNm29James Wilson
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Immed Past Pres
IRS990/Form990PartVIISectionAGrp/TitleTxt24President
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26Director
IRS990/Form990PartVIISectionAGrp/TitleTxt27Director
IRS990/Form990PartVIISectionAGrp/TitleTxt28Director
IRS990/Form990PartVIISectionAGrp/TitleTxt29Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt029
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0177065
IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/TotalAmt08497
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06410
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Education, professional development & networking services for members and potential member personnel including an annual conference & several seminar/webinar events annually and a professional publication. Also a scholarship essay program for college students interning at member companies.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0386138
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Computers/Internet
IRS990/OtherExpensesGrp/Desc1IRU Journal Expenses
IRS990/OtherExpensesGrp/Desc2Credit Card Fees
IRS990/OtherExpensesGrp/Desc3Board of Director expenses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04687

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.$3.56$0.09$3.47$3.31$3.40$0.09
2023Detailed filing. Detailed filing data is available for this year.$3.79$0.22$3.57$3.19$3.18$0.00
2022Detailed filing. Detailed filing data is available for this year.$3.70$0.13$3.57$3.12$3.18$0.06
2021Detailed filing. Detailed filing data is available for this year.$3.76$0.13$3.63$1.66$1.90$0.23
2020Detailed filing. Detailed filing data is available for this year.$3.99$0.13$3.86$1.77$1.67$0.10
2019Summary only. Only limited summary data is available for this year.$4.03$0.27$3.76$2.51$3.04$0.53
2018Summary only. Only limited summary data is available for this year.$4.40$0.12$4.28$2.56$2.80$0.23
2017Summary only. Only limited summary data is available for this year.$4.56$0.05$4.51$3.31$3.27$0.04
2016Summary only. Only limited summary data is available for this year.$4.56$0.09$4.47$2.92$2.88$0.04
2015Summary only. Only limited summary data is available for this year.$4.46$0.04$4.43$3.34$2.85$0.49
2014Summary only. Only limited summary data is available for this year.$4.19$0.25$3.94$3.53$3.46$0.07
2013Detailed filing. Detailed filing data is available for this year.$4.21$0.35$3.86$3.39$3.30$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.13$0.36$3.77$4.16
2011Summary only. Only limited summary data is available for this year.$5.61$1.47$4.14$4.37$4.39$0.02
2010Summary only. Only limited summary data is available for this year.$5.45$1.30$4.16$3.94$4.35$0.41