2022-09-29T11:26:44-05:00 2021-12-31 PRICEWATERHOUSECOOPERS LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2021-01-01 231352012 AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS % JEFFREY A SCHEIDT AMER 6106442100 720 PROVIDENCE ROAD MALVERN PA 193550716 JEFFREY A SCHEIDT TREASURER 6106442100 2022-09-28 true JEFFREY A SCHEIDT 999009999 ALBERT N ANTONELLI P01496650 2673303000 2 2021 2022-09-23 18:48:47Z PETER L MILLER 720 PROVIDENCE ROAD MALVERN PA 193550716 166892581 false X www.theinstitutes.org X 1942 PA EDUCATIONAL PRODUCTS AND SERVICES REGARDING RISK MANAGEMENT AND INSURANCE. 49 48 278 2157375 19735 4404984 4930181 34870646 42037721 9619694 16678570 21238324 26943673 70133648 90590145 160300 233535 0 0 29386566 33493283 0 0 0 27440342 37246210 56987208 70973028 13146440 19617117 292168778 315144713 43144207 44970171 249024571 270174542 X THE INSTITUTES PROVIDES EDUCATIONAL OFFERINGS TO THE PUBLIC REGARDING RISK MANAGEMENT AND INSURANCE. false false 35979877 233535 40797066 DEVELOPED, DELIVERED, AND PRODUCED EDUCATIONAL OFFERINGS INCLUDING COURSES, EXAMINATIONS, STUDY MATERIALS, WEBINARS CONTINUING EDUCATION, EXECUTIVE EDUCATION, AND OTHER KNOWLEDGE OFFERINGS RELATED TO RISK MANAGEMENT AND INSURANCE. 372204 PROVIDED FINANCIAL AID, SCHOLARSHIPS, INFORMATION, EDUCATION, INTERNSHIPS, AND OTHER OPPORTUNITIES TO COLLEGE STUDENTS INTERESTED IN RISK MANAGEMENT AND INSURANCE. 447529 1027964 PUBLISH RESEARCH REPORTS ON KEY ISSUES REGARDING RISK MANAGEMENT 26633168 SHARED RESOURCE SERVICES 26633168 26633168 63432778 true true false false false false false false false false true false false false true false false true false true true false false false false false false false true true false false false false false false false false false false false false true true true true false false true 196 0 true 278 true true true true CH false false false false false false false false true false X 49 48 false false false false false false false true true false false false true true true true true true true false AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X JEFFREY A SCHEIDT 6106442100 720 PROVIDENCE ROAD MALVERN PA 193550716 PETER L MILLER PRESIDENT/CEO 45.0 8.0 X X 1735422 0 212386 SEAN KEVELIGHAN CEO TRIPLE I 0.0 45.0 X 644235 0 34389 KATHERINE HOROWITZ CHIEF ADMIN. 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RETIREE HEALTH BENEFITS 1182224 REVOLVING LINE OF CREDIT 26500000 ACCRUED INTEREST PAYABLE 28000 LEASE LIABILITIES 4255844 31966068 East Asia and the Pacific 0 0 Program Services CONFERENCE 48387 0 0 0 0 48387 48387 false false true false false false true SCHOLARSHIPS 30 150000 FMV N/A INTERNSHIPS 70 83535 FMV N/A FORM 990, SCHEDULE I, PART I, LINE 2 THE UNIVERSITY (GRANT RECIPIENT) PROVIDES A FOLLOW-UP REPORT AFTER FUNDS HAVE BEEN DISTRIBUTED. THE FOLLOW-UP REPORT IS IN THE FORM OF A SURVEY TO LET US KNOW HOW THEY WERE ABLE TO MEET THEIR GOALS, WERE THEY ABLE TO SECURE ADDITIONAL FUNDING, HOW MANY STUDENTS HAVE BEEN RECRUITED, ETC. THIS SURVEY IS COMPARED AGAINST THE APPLICATION TO ENSURE THAT FUNDS ARE BEING SPENT AS PLANNED. X true true X X X X X false true false false false false false true false PETER L MILLER PRESIDENT/CEO 981046 752000 2376 196400 15986 1947808 JEFFREY A SCHEIDT TREASURER 284026 83000 2376 46400 16089 431891 KATHERINE HOROWITZ CHIEF ADMIN. OFFICER 369960 209600 6206 41200 14822 641788 RUBEN CARRIEDO SVP AND CHIEF CUSTOMER OFFICER 351905 106000 1548 42050 16089 517592 ROBERT HARACZ SVP AND CIO 322885 111000 540 39712 16089 490226 CHRISTOPHER MCDANIEL PRESIDENT OF CRC 311070 41000 828 35525 15986 404409 ANNE BLUME CEO CLM & CLAIM PAGES 250523 84000 26970 27548 12565 401606 MATTHEW KAHN PRESIDENT OF RISK & INSURANCE 324920 84000 540 34800 15176 459436 SEAN KEVELIGHAN CEO TRIPLE I 516807 127000 428 18300 16089 678624 LAURA FAVINGER CHIEF OF STAFF TRIPLE i 318065 55300 1881 37700 7272 420218 FORM 990, SCHEDULE J, PART I, LINE 1A TRAVEL FOR COMPANIONS IS ALLOWED TO BOARD MEETINGS TWICE A YEAR. FORM 990, SCHEDULE J, PART I, LINE 3 INSTITUTES' BOARD OF TRUSTEES UTILIZES THE FOLLOWING PROCESS: THE COMPENSATION ARRANGEMENT MUST BE APPROVED BY THE ORGANIZATION AND COMPENSATION COMMITTEE OF THE INSTITUTES COMPOSED ENTIRELY OF INDIVIDUALS WHO DON'T HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. IT ALSO MUST RELY ON COMPARABILITY DATA THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION IN QUESTION. THE ORGANIZATION AND COMPENSATION COMMITTEE MUST DOCUMENT HOW IT REACHED ITS DECISIONS INCLUDING THE DATA ON WHICH IT RELIED. FORM 990, SCHEDULE J, PART I, LINE 4B PETER MILLER ACCRUED A BENEFIT OF $150,000 UNDER A SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN AND THAT AMOUNT IS INCLUDED ON SCHEDULE J, PART II. FORM 990, SCHEDULE J, PART I, LINE 7 THE ORGANIZATION ACCRUES BONUSES BASED ON PERFORMANCE REVIEWS RELATED TO MEETING CERTAIN GOALS OF THE INSTITUTES. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS FUNCTIONS BETWEEN MEETINGS THROUGH AN EXECUTIVE COMMITTEE WHICH HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD IN BETWEEN MEETINGS EXCEPT THAT THE EXECUTIVE COMMITTEE DOES NOT HAVE THE POWERS TO: 1) FILL VACANCIES IN THE BOARD OF DIRECTORS; 2) ADOPT, AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS; OR 3) AMEND OR REPEAL ANY RESOLUTIONS ADOPTED BY THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A THIRD-PARTY ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT AND OUTSIDE LEGAL COUNSEL. THE FORM 990 WAS PROVIDED TO THE AUDIT AND ORGANIZATION AND COMPENSATION COMMITTEES OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTES' CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL DIRECTORS ON AN ANNUAL BASIS. DIRECTORS MUST COMPLETE AND RETURN THE DISCLOSURE FORM EACH YEAR. THE DISCLOSURE FORM IS REVIEWED BY THE CORPORATE SECRETARY FOR POTENTIAL CONFLICTS OF INTEREST. ADDITIONALLY, DIRECTORS ARE REMINDED OF THEIR DISCLOSURE OBLIGATIONS AT BOARD MEETINGS. FORM 990, PART VI SECTION B, LINES 15A AND 15B THE INSTITUTES AND ITS ORGANIZATION AND COMPENSATION COMMITTEE (THE "COMMITTEE") APPROVE EXECUTIVE STAFF COMPENSATION, PERFORMANCE MEASURES USED IN COMPENSATION PLANS, AND THE APPROPRIATE LEVELS OF EXECUTIVE REMUNERATION. THE COMMITTEE REVIEWS AND ADOPTS INNOVATIONS IN ORGANIZATION AND COMPENSATION ARRANGEMENTS AND USES INDEPENDENT, PROFESSIONAL CONSULTANTS TO SUPPORT ITS DECISIONS. COMMITTEE MEMBERS ARE NOT COMPENSATED, NOR DO THEY HAVE CONFLICTS WITH ANY TRANSACTIONS REVIEWED. ALL MEMBERS ARE SENIOR-LEVEL BUSINESS LEADERS CAPABLE OF REVIEWING AND EVALUATING COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION B, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. 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