2023-06-06T13:41:13-05:00 2022-12-31 366055558 GRANT THORNTON LLP 171 N CLARK ST SUITE 200 CHICAGO IL 60601 990 2022-01-01 363776789 NATIONAL INSURANCE CRIME BUREAU NATI 8475447000 1111 E TOUHY AVE STE 400 DES PLAINES IL 60018 CAROLYN BELLISIO CFO/TREASURER 8475447000 2023-06-06 1 CAROLYN BELLISIO 999009999 0 BRIDGET T ROCHE P00666837 3128560200 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NICB CAROLYN BELLISIO 1111 E TOUHY AVE STE 400 DES PLAINES IL 60018 98377962 0 X WWW.NICB.ORG X 1991 IL TO LEAD A UNITED EFFORT OF INSURERS, LAW ENFORCEMENT AND REPRESENTATIVES (CONTINUED IN SCH O) OF THE PUBLIC TO PREVENT AND COMBAT INSURANCE FRAUD AND CRIME. 15 15 420 19 0 0 0 0 67285364 70726186 5090419 -26126 5839 11315 72381622 70711375 0 0 0 0 42883770 45403804 0 0 0 21792371 25631066 64676141 71034870 7705481 -323495 77958509 72654250 27607784 24408924 50350725 48245326 X TO LEAD A UNITED EFFORT OF INSURERS, LAW ENFORCEMENT, AND REPRESENTATIVES OF THE PUBLIC TO PREVENT AND COMBAT INSURANCE FRAUD AND CRIME THROUGH INTELLEGENCE AND DATA ANALYTICS, INVESTIGATIONS, LEARNING AND DEVELOPMENT, STRATEGY, POLICY & GOVERNMENT AFFAIRS AND COMMUNICATIONS. 0 0 36861229 39863659 INVESTIGATIONS - NICB'S INVESTIGATIVE EFFORTS PRODUCED 2,225 PROSECUTIVE ADMINISTRATIVE ACTIONS (PAA) RELATED TO MEDICAL FRAUD, 2,967 IN THE COMMERCIAL FRAUD SEGMENT, AND 3,623 IN THE ORGANIZED VEHICLE CRIME SEGMENT. 11078399 10920666 GEOSPATIAL IMAGERY - PROVIDED INSURANCE INDUSTRY AND FIRST RESPONDERS WITH GEOSPATIAL SUPPORT AND ANALYTICS THROUGHOUT 2022 CATASTROPHIC EVENTS. IN 2022, NICB PROVIDED LOCATION INFORMATION TO ASSIST GIC'S COLLECTION OF IMAGERY FOR SIX TORNADOS CAUSING DAMAGE THROUGHOUT THE MIDWEST AND SOUTHEASTERN UNITED STATES, AS WELL AS THREE FLOODS IN THE MIDWEST, AND TWO FIRES AND ONE EARTHQUAKE IN THE WEST. NICB ALSO PROVIDED DIRECT SUPPORT TO EMERGENCY RESPONSDERS, LAW ENFORCEMENT AND THE INSURANCE INDUSTRY THROUGHOUT HURRICANE IAN, IN WHICH IAN CAUSED OVER HALF A MILLION INSURANCE CLAIMS IN FLORIDA ALONE. OVERALL, IN 2022 NICB RESPONDED TO 20 CATASTROPHES, RESULTING IN THE PUBLICATION OF 25 EVENT ALERTS AND 89 ALERTS ON POTENTIAL FRAUD. 10382500 11228178 DATA ANALYTICS - PUBLISHED 812 MEDAWARE ALERTS, DISSEMINATED 294 SUSPECT VEHICLE LEADS FOR INVESTIGATION AND POTENTIAL RECOVERY. 3720046 4023052 LEARNING AND DEVELOPMENT - THE NICB LEARNING & DEVELOPMENT DEPARTMENT PROVIDED NUMEROUS TRAINING OFFERINGS TO MEMBER COMPANIES, LAW ENFORCEMENT AND KEY STAKEHOLDERS. TRAINING PROGRAMS INCLUDED VIRTUAL INSTRUCTOR-LED FRAUDSMART TRAINING TO 3,500 PARTICIPANTS, SPECIALIZED ACADEMIES AND CONFERENCES TO 731 ATTENDEES AND IN-PERSON TRAINING TO 37,000 PARTNERS. IN ADDITION, OVER 153,000 INDIVIDUALS ENROLLED IN THE NATIONAL INSURANCE CRIME TRAINING ACADEMY (NICTA) PLATFORM FOR ON-DEMAND ELEARNING COURSES WHICH COVERED A WIDE ARRAY OF INSURANCE CRIME AND FRAUD TOPICS. 4337345 4690631 COMMUNICATIONS AND STRATEGY, POLICY & GOVERNMENT AFFAIRS - NICB LED ENGAGED IN LEGISLATIVE/REGULATORY EFFORTS IN CONJUNCTION WITH MEMBERS, TRADE GROUPS, AND ANTI-FRAUD GROUPS IN VARIOUS STATES ON ISSUES INVOLVING AUTO THEFT, CATALYTIC CONVERTER THEFT, AUTO GLASS FRAUD, TOWING, COUNTERFEIT AIRBAGS, AND DATA SHARING. TESTIFIED BEFORE THE UNITED STATES SENATE AND PROVIDED POLICY RECOMMENDATIONS REGARDING NATIONAL VEHICLE CRIME TRENDS; TRACKED AND LOBBIED CONSUMER DATA PRIVACY BILLS IN 25 STATES, AND SECURED AMENDMENTS IN VIRGINIA, CONNECTICUT, NEW YORK, OHIO, WASHINGTON STATE, OKLAHOMA, TENNESSEE, AND IOWA. WORKED WITH COMMUNICATIONS TO GENEATE PROCLAMATIONS ISSUED BY GOVERNORS IN THREE STATES FORMALLY RECOGNIZING NICB'S CONTRACTOR FRAUD AWARENESS WEEK LEVERAGED DATA, INTELLIGENCE, AND PARTNERSHIPS TO CREATE 22 PUBLIC AFFAIRS CAMPAIGNS ALIGNED WITH TOPICS RELEVANT TO MEMBERS, LAW ENFORCEMENT, AND INDUSTRY PARTNERS, INCLUDING CAMPAIGNS ON VEHICLE AND CONTRACTOR FRAUD. 8057391 8713683 66379519 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 29 0 1 420 1 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OK X CAROLYN BELLISIO 8475447000 1111 E TOUHY AVE STE 400 DES PLAINES IL 60018 ROBERT BOWERS MEMBER 2.00 0.00 X 0 0 0 MICHAEL CAPUZZI IMMEDIATE PAST CHAIR (THRU 11/17/22) 2.00 0.00 X 0 0 0 JEREMY CONNOR MEMBER 2.00 0.00 X 0 0 0 CHRISTOPHER CONTI MEMBER 2.00 0.00 X 0 0 0 JAMES GADBERRY MEMBER 2.00 0.00 X 0 0 0 SEJUNG KIM MEMBER 2.00 0.00 X 0 0 0 TERESA KING MEMBER 2.00 0.00 X 0 0 0 JAMES MCSHEFFREY CHAIR 2.00 0.00 X 0 0 0 DAN MOORE MEMBER 2.00 0.00 X 0 0 0 JEFF MOORE MEMBER 2.00 0.00 X 0 0 0 MATTHEW C MURPHY VICE CHAIR 2.00 0.00 X 0 0 0 TIM MURRAY MEMBER (THRU 5/19/22) 2.00 0.00 X 0 0 0 JARROD MURREITA MEMBER 2.00 0.00 X 0 0 0 MARK OPPENHEIM MEMBER (THRU 5/19/22) 2.00 0.00 X 0 0 0 MICHAEL T PAYNE MEMBER 2.00 0.00 X 0 0 0 STEVE PIPER MEMBER (THRU 5/19/22) 2.00 0.00 X 0 0 0 CLAUDIA RODRIGUEZ MEMBER 2.00 0.00 X 0 0 0 NICHOLAS SEMINARA MEMBER 2.00 0.00 X 0 0 0 EMILEE SCIALPI MEMBER 2.00 0.00 X 0 0 0 DAVID GLAWE CHIEF EXECUTIVE OFFICER 50.00 0.00 X 743914 0 27982 TIMOTHY R SLATER CHIEF OPERATING OFFICER 50.00 1.25 X 494300 8925 22843 THOMAS P MARTIN GENERAL COUNSEL/SECRETARY 50.00 1.25 X 425798 8025 23633 CAROLYN BELLISIO CHIEF FINANCIAL OFFICER/TREASURER 50.00 0.75 X 333522 4284 20353 DANIEL ABBOTT VICE PRESIDENT/PEMS 40.00 0.00 X 277610 0 43349 JAMES BERRY VP/LEARNING & DEVELOPMENT 40.00 20.00 X 183586 114197 16456 JOHN SELLECK VICE PRESIDENT/OIA 40.00 0.00 X 269597 0 16914 RICHARD DIZINNO VICE PRESIDENT/SPGA 40.00 0.00 X 258662 0 15529 ROBERT COOPER VP/ASSOC GEN COUNSEL 40.00 0.50 X 209273 1858 54279 KAREN GRACZYK VICE PRESIDENT/ITD 40.00 0.00 X 216946 0 47256 BETSY BODKER VICE PRESIDENT/HR 40.00 0.00 X 197004 0 25215 CHRISTOPHER STROISCH VP/COMMUNICATIONS 40.00 0.00 X 159210 0 10053 GEORGE WORSHAM DIRECTOR REGIONAL OPERATIONS 40.00 0.00 X 191926 0 45468 FREDERICK LOHMANN DIRECTOR REGIONAL OPERATIONS 40.00 0.00 X 181404 0 42368 ROBERT JONES DIRECTOR REGIONAL OPERATIONS 40.00 0.00 X 188634 0 10024 DANA MACDONALD DIRECTOR REGIONAL OPERATIONS 40.00 0.00 X 183051 0 11370 EMILY HAWRYSZ PROGRAM DIRECTOR OPERATIONS 40.00 0.00 X 171110 0 21397 4685547 137289 454489 64 0 1 0 GRANT THORNTON LLP 171 N CLARK ST SUITE 200 CHICAGO IL 60601 ACCOUNTING SERVICES 132028 1 NONDEDUCTIBLE MEMBERSHIP DUES 813319 56525379 56525379 GEOSPATIAL MEMBER ASSESSMENT 541990 10920666 10920666 USER FEES 541990 1286250 1286250 STRATEGIC PARTNERSHIP 541990 897219 897219 LICENSE PLATE READER PROGRAM 541990 636750 636750 459922 459922 70726186 1394664 1394664 26245797 27666587 -1420790 -1420790 -1420790 RESTITUTION CONTRIBUTION 813319 11315 11315 11315 70711375 70726186 0 -14811 4065855 3909928 155927 30658211 29431883 1226328 -4868000 -4673280 -194720 13047156 12525270 521886 2500582 2410302 90280 27568 6892 20676 112130 112130 464812 464812 110037 110037 2318831 2219369 99462 76186 69329 6857 5001979 4231097 770882 1126175 990864 135311 1334945 1267840 67105 706173 635556 70617 266678 240010 26668 807 701 106 325146 313407 11739 983307 858726 124581 GEOSPATIAL IMAGERY 10920666 10920666 AUTO OPERATIONS 1832577 998320 834257 REPORT AND SURV SUPPORT 19939 19939 3110 2700 410 71034870 66379519 4655351 0 898 2264 15104620 12386038 2903844 3349576 1211810 1605502 8512164 8011818 592473 500346 57856750 50572686 288114 4237838 77958509 72654250 6436804 5274263 454524 42835 20716456 19091826 27607784 24408924 X 50340188 48233951 10537 11375 50350725 48245326 77958509 72654250 X -323495 -7149904 5368000 X 0 1 X 1 0 0 0 0 0 0 1 56525379 464812 102442 567254 231913 335341 2067056 1919376 147680 5829764 5483216 346548 615344 609226 6118 500346 REFUNDABLE DEPOSITS 101570 DUE FROM NICTA 241724 RIGHT OF USE ASSETS OF OPERATING LEASES 3894544 4237838 ACCRUED OTHER LIABILITIES 4863826 DUE TO ISO 1943000 POST RET. BENEFITS NON CURRENT 12285000 19091826 X 63451434 -7149904 -7149904 70601338 110037 110037 70711375 70924833 0 70924833 110037 110037 71034870 PART X, LINE 2: FIN 48 FOOTNOTE NICB HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE IRS STATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986 (IRC), EXCEPT FOR INCOME TAXES PERTAINING TO UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED GUIDANCE THAT REQUIRE TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE 2022 AND 2021 FINANCIAL STATEMENTS. ADDITIONALLY, THERE IS NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF ACTIVITIES OR STATEMENTS OF FINANCIAL POSITION. X X X X X 0 0 0 0 0 0 0 1 0 DAVID GLAWE CHIEF EXECUTIVE OFFICER 461563 0 281109 0 1242 0 18300 0 9682 0 771896 0 0 0 TIMOTHY R SLATER CHIEF OPERATING OFFICER 350258 8925 142800 0 1242 0 18300 0 4543 0 517143 8925 0 0 THOMAS P MARTIN GENERAL COUNSEL/SECRETARY 310484 8025 113325 0 1989 0 18300 0 5333 0 449431 8025 0 0 CAROLYN BELLISIO CHIEF FINANCIAL OFFICER/TREASURER 301700 4284 29500 0 2322 0 18300 0 2053 0 353875 4284 0 0 DANIEL ABBOTT VICE PRESIDENT/PEMS 239323 0 35175 0 3112 0 14633 0 28716 0 320959 0 0 0 JAMES BERRY VP/LEARNING & DEVELOPMENT 118679 114197 62808 0 2099 0 13704 0 2752 0 200042 114197 0 0 JOHN SELLECK VICE PRESIDENT/OIA 221522 0 46990 0 1085 0 13392 0 3522 0 286511 0 0 0 RICHARD DIZINNO VICE PRESIDENT/SPGA 227687 0 30250 0 725 0 13661 0 1868 0 274191 0 0 0 ROBERT COOPER VP/ASSOC GEN COUNSEL 170630 1858 35152 0 3491 0 11151 0 43128 0 263552 1858 0 0 KAREN GRACZYK VICE PRESIDENT/ITD 185439 0 27229 0 4278 0 11484 0 35772 0 264202 0 0 0 GEORGE WORSHAM DIRECTOR REGIONAL OPERATIONS 173036 0 17364 0 1526 0 10373 0 35095 0 237394 0 0 0 FREDERICK LOHMANN DIRECTOR REGIONAL OPERATIONS 161403 0 15616 0 4385 0 10195 0 32173 0 223772 0 0 0 BETSY BODKER VICE PRESIDENT/HR 179807 0 15575 0 1622 0 10977 0 14238 0 222219 0 0 0 ROBERT JONES DIRECTOR REGIONAL OPERATIONS 165598 0 16065 0 6971 0 10024 0 0 0 198658 0 0 0 DANA MACDONALD DIRECTOR REGIONAL OPERATIONS 160925 0 15462 0 6664 0 9648 0 1722 0 194421 0 0 0 EMILY HAWRYSZ PROGRAM DIRECTOR OPERATIONS 143038 0 27814 0 258 0 8720 0 12677 0 192507 0 0 0 CHRISTOPHER STROISCH VP/COMMUNICATIONS 158885 0 0 0 325 0 8550 0 1503 0 169263 0 0 0 PART I, LINE 7: NON-FIXED PAYMENTS EMPLOYEES ARE ELIGIBLE FOR BONUSES, BUT BONUSES ARE NOT GUARANTEED AS PART OF THEIR COMPENSATION OR SPECIFIED IN A CONTRACT. WHETHER ANY BONUS IS PAID AND THE AMOUNT PAID SOLELY DEPENDS ON WHETHER THE COMPANY MEETS THE PERFORMANCE METRICS SPECIFIED IN THE BONUS PAYMENT SCHEDULE. A BONUS IS PAID ONLY IF THE PERFORMANCE RATING IS 85% OR ABOVE. THE PERFORMANCE RATING FOR 2021 WAS 94%. THE ENTERPRISE PERFORMANCE PLAN (EPP) AND PERFORMANCE TARGETS ARE SET FORTH AT THE BEGINNING OF THE BUDGET YEAR AND APPROVED BY THE EXECUTIVE / NOMINATING / COMPENSATION COMMITTEE, WHICH HAS BEEN DELEGATED THIS AUTHORITY BY THE BOARD OF GOVERNORS. THE AWARD GRADIENTS FOR THE CEO WAS 65%, OTHER OFFICERS AT 35 AND 30% AND THE KEY EMPLOYEES AT 10%-15%; OF THEIR BASE SALARIES. THE TOTAL BONUSES AMOUNT POOL AVAILABLE TO BONUS-ELIGIBLE EXECUTIVES AND THE INDIVIDUAL BONUS AMOUNTS FOR BOARD OFFICERS IS DETERMINED AND APPROVED BY THE EXECUTIVE/COMPENSATION/NOMINATING COMMITTEE, WHICH HAS BEEN DELEGATED THIS AUTHORITY BY THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE AND OTHER COMMITTEES EXECUTIVE COMMITTEE: PERIODICALLY, AT A BI-ANNUAL MEETING OF THE BOARD OF GOVERNORS, THE BOARD ELECTS FROM ITS BOARD MEMBERSHIP AN EXECUTIVE COMMITTEE. CONSISTENT WITH NICB'S BY-LAWS, THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIRPERSON AND VICE CHAIRPERSON OF THE BOARD AND TWO OTHER MEMBERS ELECTED FROM THE MEMBERSHIP OF THE BOARD, AS WELL AS THE PAST CHAIRMAN OF THE BOARD IF THEY SO CHOOSE TO SERVE. THE BY-LAWS AUTHORIZE THE EXECUTIVE COMMITTEE TO ACT FOR THE BOARD BETWEEN REGULARLY SCHEDULED MEETINGS OF THE BOARD, SUBJECT TO THE LIMITATIONS OF THE GNFPCA. THE CHAIRPERSON OF THE BOARD IS ALSO THE CHAIRPERSON OF THE EXECUTIVE COMMITTEE. OTHER COMMITTEES: THE BOARD, BY RESOLUTION ADOPTED BY A MAJORITY OF THE GOVERNORS PRESENT AT A MEETING AT WHICH A QUORUM WAS PRESENT, ESTABLISHED TWO OTHER COMMITTEESTHE AUDIT-FINANCE COMMITTEE AND THE MEMBERSHIP ASSESSMENT COMMITTEETHE CHAIRPERSON OF EACH HAVING BEEN DESIGNATED BY THE BOARD AND ALSO SERVING AS MEMBERS ON THE EXECUTIVE COMMITTEE. EACH SUCH COMMITTEE HAS TWO (2) OR MORE OTHER MEMBERS OF THE BOARD. EACH COMMITTEE MEMBER IS A DULY AUTHORIZED REPRESENTATIVE OF A MEMBER OF THE CORPORATION. THE BOARD MAY REMOVE ANY COMMITTEE MEMBER WHENEVER, IN ITS JUDGEMENT, THE BEST INTERESTS OF THE CORPORATION ARE TO BE SERVED BY SUCH REMOVAL. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS TIMOTHY R. SLATER, THOMAS P. MARTIN, JAMES BERRY, AND CAROLYN BELLISIO HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER AS VOTING MEMBERS AT A RELATED ORGANIZATION NATIONAL INSURANCE CRIME TRAINING ACADEMY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS A NATIONAL PUBLIC ACCOUNTING FIRM PREPARES THE FORM 990. A DRAFT OF THE RETURN IS REVIEWED BY THE NICB TREASURER AND INTERNAL ACCOUNTING NICB PERSONNEL. AN UPDATED FINAL DRAFT IS REVIEWED AND APPROVED BY THE NICB AUDIT/FINANCE COMMITTEE AND PROVIDED ELECTRONICALLY TO THE FULL NICB VOTING BOARD OF GOVERNORS FOR COMMENTS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT NICB'S OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES MUST ANNUALLY ATTEST TO HAVING NO CONFLICT OF INTERESTS THAT COULD IMPROPERLY INFLUENCE THEIR IMPARTIAL SERVICE ON THE BOARD AND FIDUCIARY DUTY TO THE CORPORATION. IN ADDITION, NICB'S COMPLIANCE OFFICER IS IN CHARGE OF MONITORING EMPLOYEE ACTIVITIES FOR COMPLIANCE WITH NICB'S POLICIES, INCLUDING ITS CONFLICT-OF-INTEREST POLICY. CONFLICTS ARE REPORTED TO THE COMPLIANCE OFFICER AND THE GENERAL COUNSEL / BOARD SECRETARY, AND THE GENERAL COUNSEL / BOARD SECRETARY THEREAFTER REPORTS ALL POTENTIAL CONFICTS OF INTEREST TO THE NICB AUDIT/FINANCE COMMITTEE FOR REVIEW AND CONSIDERATION. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION SALARY RATES ARE BASED ON COMPARABLE SALARY DATA COMPILED BY HUMAN RESOURCES THAT APPROXIMATES NICB'S OPERATIONS, CANDIDATE'S QUALIFICATIONS AND EXPERTISE. NICB HAS AN INTERNAL COMMITTEE OF DEPARTMENT HEADS THAT REVIEW CANDIDATES. THE NICB BOARD OF GOVERNORS OVERSEES CANDIDATES AND SALARY LEVELS FOR OFFICER POSITIONS. FOR ITS COMPENSATION PROCESS, A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY DATA, AND APPROVAL OR RATIFICATION OF COMPENSATION BY THE BOARD OF GOVERNORS IS REQUIRED. THE BOARD REVIEW IS DONE ANNUALLY, AND THE OUTSIDE CONSULTANT REVIEW IS DONE PERIODICALLY. THE REVIEW PROCESS FOR NICB IS CONTEMPORANEOUSLY DOCUMENTED IN THE ORGANIZATION'S MINUTES. A TOTAL REWARDS (COMPENSATION AND BENEFITS) STUDY WAS BEGUN WITH AN EXTERNAL COMPANY IN SEPTEMBER 2021 AND COMPLETED BY MARCH 2022. SALARY BANDS WERE ENHANCED AND ROLLED OUT TO THE ORGANIZATION ON OCTOBER 1, 2022. SALARY BANDS WILL BE REVIEWED ANNUALLY. THE FINAL SALARY FOR CEO AND OFFICERS ARE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY IN FEBRUARY. SALARY RATES ARE BASED ON COMPARABLE SALARY DATA COMPILED BY HUMAN RESOURCES THAT APPROXIMATES NICB'S OPERATIONS, CANDIDATE'S QUALIFICATIONS, AND EXPERTISE. NICB HAS INTERNAL HIRING COMMITTEES THAT REVIEW CANDIDATES; THE COMPOSITION OF THESE COMMITTEES VARY DEPENDING ON THE ROLE. THE NICB BOARD OF GOVERNORS' EXECUTIVE COMMITTEE OVERSEES THE ELECTION OF OFFICERS AND SALARY LEVELS FOR OFFICER POSITIONS ON AN ANNUAL BASIS. FOR ITS COMPENSATION PROCESS, THE EXECUTIVE COMMITTEE CONSIDERS COMPARABLE COMPENSATION SURVEY DATA, AND PERIODICALLY CONSULTS WITH AN INDEPENDENT COMPENSATION CONSULTANT, BEFORE APPROVING OR RATIFIYING MARKET-BASED COMPENSATION ADJUSTMENTS FOR OFFICERS. THE OUTSIDE CONSULTANT REVIEW IS DONE EVERY 3-4 YEARS. THE COMPENSATION REVIEW PROCESS FOR NICB IS CONTEMPORANEOUSLY DOCUMENTED IN THE ORGANIZATION'S MINUTES. A TOTAL REWARDS (COMPENSATION AND BENEFITS) STUDY WAS BEGUN WITH AN EXTERNAL COMPANY IN SEPTEMBER 2021 AND COMPLETED BY MARCH 2022. SALARY BANDS WERE ENHANCED AND ROLLED OUT TO THE ORGANIZATION ON OCTOBER 1, 2022. SALARY BANDS WILL BE REVIEWED ANNUALLY. THE FINAL SALARY FOR CEO AND OFFICERS ARE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY IN FEBRUARY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS MADE AVAILABLE NICB'S ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST ATTESTATIONS, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC, UPON REQUEST. FORM 990, PART XI, LINE 9: NET PERIODIC POST-RETIREMENT COSTS 5,368,000. NATIONAL INSURANCE CRIME TRAINING ACADEMY 1111 EAST TOUHY AVE STE 400 DES PLAINES IL 60018 311768814 PUBLIC SAFETY IL 501(C)(3) LINE 10 NICB 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 NATIONAL INSURANCE CRIME TRAINING ACADEMY O 341066 FMV