Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Professional Risk Managers' International Association
990 • Fiscal year 2024 • EIN 61-1405040
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
2.31x
Liabilities / Revenue
93rd percentile
Higher debt load relative to revenue than 93% of similar nonprofits.
Net Margin
13th percentile
Higher net margin than 13% of similar nonprofits.
Top Officer Pay
68th percentile
Higher top officer pay than 68% of similar nonprofits.
Top officer pay equals 13.7% of source-year revenue.
Asset Growth
98th percentile
Faster asset growth than 98% of similar nonprofits.
Revenue Growth
21st percentile
Faster revenue growth than 21% of similar nonprofits.
Balance Sheet
Assets
Up$522,472
Up $263,906 (+102%) from 2023
Net Assets
Up-$684,964
Up $201,046 (+23%) from 2023
Liabilities
Up$1,207,436
Up $62,860 (+5.5%) from 2023
Revenue And Expenses
Revenue
Down$1,418,484
Down $60,452 (-4.1%) from 2023
Expenses
Down$1,559,511
Down $35,030 (-2.2%) from 2023
Net Income
Down-$141,027
Down $25,422 (-22%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- Feb 5, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $1,418,484
Mission and Program Overview
Mission
To provide an open forum for the promotion of sound risk management standards and practices globally
To provide an open forum for the promotion of sound risk management standardss and practices globally
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $80,095 | $419,627 | ▲ $339,532 |
| Investments Other Securities | $48,554 | $48,944 | ▲ $390 |
| Prepaid Expenses and Deferred Charges | $60,321 | $24,570 | ▼ $35,751 |
| Accounts Receivable | $60,846 | $22,770 | ▼ $38,076 |
| Inventories for Sale or Use | $5,386 | $5,386 | → $0 |
| Land, Buildings, and Equipment, Net | $3,291 | $1,167 | ▼ $2,124 |
| Intangible Assets | $74 | $8 | ▼ $66 |
| Total Assets | $600,638 | $522,472 | ▼ $78,166 |
| Other Assets Total | $342,071 | $0 | ▼ $342,071 |
| Liabilities | |||
| Deferred Revenue | $791,413 | $781,154 | ▼ $10,259 |
| Accounts Payable and Accrued Expenses | $185,571 | $283,523 | ▲ $97,952 |
| Mortgage Notes Payable Secured by Investment Property | $134,063 | $78,275 | ▼ $55,788 |
| Other Liabilities | $33,528 | $64,484 | ▲ $30,956 |
| Total Liabilities | $1,144,575 | $1,207,436 | ▲ $62,861 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-543,937 | $-684,964 | ▼ $141,027 |
| Total Net Assets Fund Balance | $-543,937 | $-684,964 | ▼ $141,027 |
| Total Liabilities and Net Assets / Fund Balance | $600,638 | $522,472 | ▼ $78,166 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $1 | $84,126 | $84,127 |
| Equipment | $1,166 | $32,571 | $33,737 |
| Leasehold Improvements | $0 | $4,939 | $4,939 |
| Other Securities | $3,800 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Justin Mccarthy | CEO | FT | $194,627 | $194,627 |
| Christina Severson | Finance Director | FT | $78,000 | $78,000 |
Board Members and Trustees
| Name | Title |
|---|---|
| Bruce Fletcher | Chair |
| David Coleman | Past Chair |
| Lakshmi Shyam-sunder | Vice Chair |
| Josephine Wai Fun Woo | Director |
| Kraig Thomas Conrad | Director |
| Oleg Lebedev | Director |
| Oscar D Mccarthy | Director |
| Sajjad Ahmed Cheema | Director |
| Carlos Da Costa | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $1,392,193
- Investment Income
- $23,646
- Other Revenue
- $2,645
- Change in Net Assets
- $-141,027
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $909,977 |
| Other Expenses | $649,534 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $535,061 | - | - | $535,061 |
| Current Officers, Directors, Trustees, and Key Employees | $272,627 | - | - | $272,627 |
| Fees for Services Other | $20,025 | $117,944 | - | $137,969 |
| Payroll Taxes | $72,096 | - | - | $72,096 |
| Occupancy | - | $46,988 | - | $46,988 |
| Information Technology | - | $44,948 | - | $44,948 |
| Advertising | - | $42,068 | - | $42,068 |
| Office Expenses | - | $39,406 | - | $39,406 |
| Travel | - | $36,089 | - | $36,089 |
| Other Employee Benefits | $30,193 | - | - | $30,193 |
| Insurance | $10,412 | - | - | $10,412 |
| Other Expenses | $8,573 | - | - | $8,573 |
| Fees for Services Accounting | - | $5,240 | - | $5,240 |
| Depreciation Depletion | - | $2,190 | - | $2,190 |
| Fees for Services Legal | - | $1,028 | - | $1,028 |
| Total Functional Expenses | $1,223,610 | $335,901 | $0 | $1,559,511 |
International Activity
International Summary
- Offices
- 1
- Employees
- 0
- Spending
- $358,218
International Compliance
- Activity in boycott countries
- No
- Foreign corporation ownership
- No
- Foreign partnership interest
- No
- Interest in foreign trust
- No
- Passive foreign investment company interest
- No
- Transfers to foreign corporations
- No
International Activities
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Europe (including Iceland & Greenland) - Albania, Andorra, Austria, Belgium | Program Services | Events/conferences | 1 | 0 | $162,939 |
| Sub-saharan Africa - Angola, Benin, Botswana, Burkina Faso, | Program Services | Consulting | 0 | 0 | $89,580 |
| North America - Canada and Mexico, But Not the United States | Program Services | Events/conferences | 0 | 0 | $61,418 |
| East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, | Program Services | Consulting | 0 | 0 | $44,281 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- In-house lobbying only
- Yes
- Subject to proxy tax
- Yes
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Line of Credit | $47,625 |
| Tax Liability | $8,999 |
| Accrued Expenses | $7,860 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- Yes
- 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
- Yes
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 1A
“The executive committee consists of the chair, vice-chair, secretary and treasurer of prmia's board of directors and is subject to the authority of the board of directors. The executive committee has the power to direct the routine administrative affairs of prmia between meetings of the board of directors. The chair shall serve as chairperson of the executive committee.”
Form 990, Part VI, Section A, Line 6
“Sustaining member - voting rights, $200 annual membership; contributing member - voting rights, $100 annual membership; affiliate member - no voting rights, free membership;”
Form 990, Part VI, Section A, Line 7A
“Sustaining member - voting rights; contributing member - voting rights; affiliate member - no voting rights;”
Form 990, Part VI, Section A, Line 7B
“Any amendment to, or repeal of, the articles of incorporation or the bylaws require the approval of the members.”
Form 990, Part VI, Section B, Line 11B
“The director of finance reviews the form 990 in detail followed by the finance committee. The return will be provided to the full board of directors prior to filing with the irs.”
Form 990, Part VI, Section B, Line 12C
“Except as permitted by law, with respect to any contract or other transaction between prmia and any director (or an organization in which a director may be a director, officer, or legal representative, or has a material financial interest): a) the material facts as to such contract or transaction as to the director's interest must be fully disclosed or known to the board of directors prior to approval of such contract or transaction; b) such approval shall require the affirmative vote of a majority of the total number of directors, not counting any vote that the interested director might have; c) the interested director shall not be counted in determining the presence of a quorum; and d) proceedings are documented in the meeting minutes.”
Form 990, Part VI, Section B, Line 15A
“The board reviews and determines the annual compensation for management positions based on industry standard, location, experience, etc. This process last occurred in 2020.”
Form 990, Part VI, Section C, Line 19
“The organization's governing documents and financial statements are made available to the public through their website. The conflict of interest policy is not made available to the public.”
Filing and Contact Details
Filer
- Filer Name
- PROFESSIONAL RISK MANAGERS'
- EIN
- 61-1405040
- Phone
- 6122164325
- Address
- 1700 CANNON ROAD 200, NORTHFIELD, MN 55057
Signing Officer
- Name
- Christina Severson
- Title
- Director of Finance
- Phone
- 6122164325
- Signed
- 2025-02-05
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Christina Severson
- Formed
- 2002
- Legal Domicile
- De
- Voting Board Members
- 2,174
- Independent Board Members
- 2,174
- Employees
- 11
- Volunteers
- 445
Preparer
- Firm
- Barton Walter & Krier Pc
- Address
- 6885 SYCAMORE LANE N STE 100, MAPLE GROVE, MN 55369
- Preparer
- Anthony Krier
- Phone
- 7633677300
Supplemental Narrative
Additional Explanations
Form 990, Part IX
“Profesional risk managers' international association is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f)”
Financial Statement Notes
PART X, LINE 2:
“Prmia is exempt from federal income tax under section 501(c)(6) of the internal revenue code (irc) and comparable state law. Prmia institute is exempt from federal income tax under section 501(c)(3) of the irc and comparable state law. Prmia follows the income tax standard regarding the recognition and measurement of uncertain tax positions. Prmia is not aware of any uncertain tax positions it has taken. Prmia is not currently under examination by any taxing jurisdiction.”
Raw XML AppendixShowing 400 of 537 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.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 1 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 185571 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 283523 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 60846 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 22770 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE AN OPEN FORUM FOR THE PROMOTION OF SOUND RISK MANAGEMENT STANDARDSS AND PRACTICES GLOBALLY |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 42068 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 42068 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | CHRISTINA SEVERSON |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6122164325 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1700 CANNON ROAD NO 200 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | NORTHFIELD |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55057 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 80095 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 419627 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 272627 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 272627 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 23646 |
| IRS990/CYOtherExpensesAmt | 0 | 649534 |
| IRS990/CYOtherRevenueAmt | 0 | 2645 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 1392193 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -141027 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 909977 |
| IRS990/CYTotalExpensesAmt | 0 | 1559511 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1418484 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 791413 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 781154 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 2190 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 2190 |
| IRS990/Desc | 0 | RISK EDUCATION:PRMIA OFFERS RISK EDUCATION TO PROFESSIONALS GLOBALLY, THROUGH ONLINE COURSES, LIVE CLASSROOM TRAINING, WEBINARS, AND CUSTOMIZED IN-HOUSE CORPORATE TRAINING. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 11 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/ExpenseAmt | 0 | 1109954 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 5240 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 5240 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 1028 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 1028 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 117944 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 20025 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 137969 |
| IRS990/ForeignActivitiesInd | 0 | 1 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 1 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.25 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JUSTIN MCCARTHY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | LAKSHMI SHYAM-SUNDER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | SAJJAD AHMED CHEEMA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | OLEG LEBEDEV |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | KRAIG THOMAS CONRAD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | OSCAR D MCCARTHY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | JOSEPHINE WAI FUN WOO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | DAVID COLEMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | BRUCE FLETCHER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | CARLOS DA COSTA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | CHRISTINA SEVERSON |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 194627 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 78000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | PAST CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | FINANCE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2002 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 2174 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 1418484 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 2174 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 44948 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 44948 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 10412 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 10412 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 74 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 8 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 5386 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 5386 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 23646 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 23646 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 48554 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 48944 |
| IRS990/IRPDocumentCnt | 0 | 15 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 121636 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3291 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1167 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 122803 |
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| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO PROVIDE AN OPEN FORUM FOR THE PROMOTION OF SOUND RISK MANAGEMENT STANDARDS AND PRACTICES GLOBALLY |
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| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
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| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | -684964 |
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| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 8573 |
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| IRS990/OtherExpensesGrp/TotalAmt | 1 | 54202 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 46852 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 8573 |
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| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 64484 |
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| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 72096 |
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| IRS990/PoliticalCampaignActyInd | 0 | 0 |
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| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 24570 |
| IRS990/PrincipalOfficerNm | 0 | CHRISTINA SEVERSON |
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| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 4 | 900099 |
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| IRS990/ProgramServiceRevenueGrp/Desc | 1 | TRAINING |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | MEMBERSHIP DUES |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | WEBINARS |
| IRS990/ProgramServiceRevenueGrp/Desc | 4 | CHAPTER EVENTS |
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| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 146160 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 4 | 63992 |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 405700 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 302475 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 146160 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 63992 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | RISK CERTIFICATION:THE PROFESSIONAL RISK MANAGER (PRM) DESIGNATION IS ENDORSED BY LEADING BUSINESSES AND UNIVERSITIES. IT IS THE GLOBAL STANDARD FOR THE WORLD'S TOP FINANCIAL RISK PROFESSIONALS. CERTIFICATE PROGRAMS INLCUDE THE ASSOCIATE PRM FOR STAFF ENTERING THE RISK MANAGEMENT PROFESSION; THE OPERATIONAL RISK MANAGERCERTIFICATE; THE CREDIT AND COUNTERPARTY RISK MANAGER CERTIFICATE; AND THE MARKET, LIQUIDITY AND ASSET LIABILITY CERTIFICATE. OUR PUBLICATIONS PROVIDE ACCESS TO SOME OF THE HIGHEST QUALITY AND MOST RELEVANT WRITING FOR PROFESSIONAL RISK MANAGERS. |
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| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 448406 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | MEMBERSHIP:PRMIA HAS A VARIETY OF MEMBERSHIP TYPES TO OFFER, WITH TWO PAID LEVELS (SUSTAINING, $200 AND CONTRIBUTING, $100) AND ONE FREE LEVEL (AFFILIATE). |
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| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 302475 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | GLOBAL PRESENCE:PRMIA IS ACTIVE IN NEARLY EVERY MAJOR FINANCIAL CENTER. PRMIA PROVIDES AN EXTENSIVE AND ENGAGED NETWORK FOR RISK PROFESSIONALS. PRMIA HAS OVER 50,000 MEMBERS AND HAS 50 CHAPTERS WORLDWIDE. |
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| IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt | 0 | 89451 |
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| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
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| IRS990/PYOtherRevenueAmt | 0 | 3079 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1475857 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -115605 |
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| IRS990/PYTotalRevenueAmt | 0 | 1478936 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -141027 |
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| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 1 |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 551861 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleC/AgreeCarryoverPriorYearInd | 0 | 0 |
| IRS990ScheduleC/OnlyInHouseLobbyingInd | 0 | 1 |
| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 1166 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 32571 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 33737 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 4939 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 4939 |
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| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 84126 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 84127 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 7860 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 8999 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 47625 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | ACCRUED EXPENSES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | TAX LIABILITY |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | LINE OF CREDIT |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 45144 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 1 | 3800 |
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| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | C |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | PRMIA IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC) AND COMPARABLE STATE LAW. PRMIA INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC AND COMPARABLE STATE LAW. PRMIA FOLLOWS THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. PRMIA IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS IT HAS TAKEN. PRMIA IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. |
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| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 48944 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 64484 |
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| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt | 3 | 89580 |
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| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt | 2 | EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt | 3 | SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, |
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| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt | 1 | PROGRAM SERVICES |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt | 2 | PROGRAM SERVICES |
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| IRS990ScheduleF/BoycottCountriesInd | 0 | 0 |
| IRS990ScheduleF/ContinuationSpentAmt | 0 | 0 |
| IRS990ScheduleF/ContinuationTotalEmployeeCnt | 0 | 0 |
| IRS990ScheduleF/ContinuationTotalOfficeCnt | 0 | 0 |
| IRS990ScheduleF/ForeignCorpOwnershipInd | 0 | 0 |
| IRS990ScheduleF/ForeignPartnershipInd | 0 | 0 |
| IRS990ScheduleF/InterestInForeignTrustInd | 0 | 0 |
| IRS990ScheduleF/PassiveForeignInvestmestCoInd | 0 | 0 |
| IRS990ScheduleF/SubtotalEmployeesCnt | 0 | 0 |
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| IRS990ScheduleF/SubtotalSpentAmt | 0 | 358218 |
| IRS990ScheduleF/TotalEmployeeCnt | 0 | 0 |
| IRS990ScheduleF/TotalOfficeCnt | 0 | 1 |
| IRS990ScheduleF/TotalSpentAmt | 0 | 358218 |
| IRS990ScheduleF/TransferToForeignCorpInd | 0 | 0 |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompensationSurveyInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/Form990OfOtherOrganizationsInd | 0 | X |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 194627 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | JUSTIN MCCARTHY |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | CEO |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 194627 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $522,472
- Liabilities
- $1,207,436
- Net assets
- -$684,964
- Revenue
- $1,418,484
- Expenses
- $1,559,511
- Net income
- -$141,027