2019-11-14T06:29:34-06:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2018-01-01 061328907 INSURED RETIREMENT INSTITUTE INC INSU 2024693000 1100 VERMONT AVENUE NW 10TH FL WASHINGTON DC 20005 WAYNE CHOPUS PRESIDENT & CHIEF EXECUTIVE OFFICER 2024693000 2019-11-13 1 AMY CHAPMAN P00843460 5712279500 67.137.57.251 2019-11-13 17:20:36 ES P 0514B758026FFB4303D1E4DFF3C58ED2768E19CE 3F26782FE4A8D097B8E6D44DA42E2066FBD559CC 2018 2020-01-14 16:20:31Z WAYNE CHOPUS 1100 VERMONT AVENUE NW 10TH FL WASHINGTON DC 20005 6476136 0 X WWW.IRIONLINE.ORG X 1991 CT TO PROMOTE UNDERSTANDING OF AND ADVOCATE ON ISSUES AFFECTING INSURED RETIREMENT STRATEGIES. 39 38 23 43 0 0 0 0 6805527 6409212 3326 7260 0 0 6808853 6416472 0 0 0 0 3603622 3339928 0 0 0 3301698 3063430 6905320 6403358 -96467 13114 6200807 5399693 4972927 4158699 1227880 1240994 X THE MISSION OF THE INSURED RETIREMENT INSTITUTE IS TO: 1. ENCOURAGE INDUSTRY ADHERENCE TO THE HIGHEST ETHICAL PRINCIPLES.2. PROMOTE BETTER UNDERSTANDING OF THE INSURED RETIREMENT VALUE (CONTINUED ON SCHEDULE O)PROPOSITION.3. DEVELOP AND PROMOTE BEST PRACTICE STANDARDS TO IMPROVE VALUE DELIVERY. 4. ADVOCATE BEFORE PUBLIC POLICY MAKERS ON CRITICAL ISSUES AFFECTING INSURED RETIREMENT STRATEGIES. 0 0 CONFERENCES:CONFERENCES BRING TOGETHER MEMBERS AND OTHERS INTERESTED IN ANNUITY AND VARIABLE LIFE PRODUCTS TO EDUCATE THEM ON CURRENT ISSUES, PRODUCT FEATURES AND BENEFITS. MEMBER SERVICES:MEMBERSHIP SERVICES PROVIDES EDUCATION AND INFORMATION TO ASSOCIATION MEMBERS. PUBLICATIONS: THE ASSOCIATION PUBLISHES AND MAKES AVAILABLE TO MEMBERS A NUMBER OF BROCHURES AND BOOKLETS FOR USE IN INFORMING AND EDUCATING CONSUMERS ABOUT ANNUITY AND VARIABLE LIFE PRODUCTS. 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 23 1 1 1 0 0 0 0 0 0 0 0 0 X 39 38 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X WAYNE CHOPUS 2024693000 1100 VERMONT AVENUE NW 10TH FL WASHINGTON DC 20005 ROBERT DECHELLIS CHAIR 2.00 X X 0 0 0 BILL MORRISSEY VICE CHAIR 2.00 X X 0 0 0 BENJAMIN HUNEKE TREASURER/SECRETARY 2.00 X X 0 0 0 ROBERT MOORE IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 BOB VORLOP DIRECTOR 2.00 X 0 0 0 CAROLINE O'CONNELL DIRECTOR 2.00 X 0 0 0 CAROLYN JOHNSON DIRECTOR 2.00 X 0 0 0 DAVE PAULSEN DIRECTOR 2.00 X 0 0 0 DYLAN HUANG DIRECTOR 2.00 X 0 0 0 GEORGE RIEDEL DIRECTOR 2.00 X 0 0 0 GREG CICOTTE DIRECTOR 2.00 X 0 0 0 JERRY PATTERSON EXECUTIVE OFFICER 2.00 X X 0 0 0 JOHN KENNEDY DIRECTOR 2.00 X 0 0 0 JOSEPH FOURNIER DIRECTOR 2.00 X 0 0 0 MARC VOSEN DIRECTOR 2.00 X 0 0 0 PAULA NELSON EXECUTIVE OFFICER 2.00 X X 0 0 0 PETER CIESZKO EXECUTIVE OFFICER 2.00 X X 0 0 0 TERRI FIELDER DIRECTOR 2.00 X 0 0 0 WAYNE CHOPUS DIRECTOR 2.00 X 0 0 0 WILLIAM LOWE DIRECTOR 2.00 X 0 0 0 CHRIS ADAM DIRECTOR 2.00 X 0 0 0 DAN GUILBERT DIRECTOR 2.00 X 0 0 0 ERIN DONNELLY DIRECTOR 2.00 X 0 0 0 JOE DESILVA DIRECTOR 2.00 X 0 0 0 KEVIN KENNEDY EXECUTIVE OFFICER 2.00 X X 0 0 0 MICHAEL FERRARO DIRECTOR 2.00 X 0 0 0 MYLES LAMBERT DIRECTOR 2.00 X 0 0 0 PHILIP PELLEGRINO DIRECTOR 2.00 X 0 0 0 ROBERT L JAMEISON DIRECTOR 2.00 X 0 0 0 SCOTT STOLZ DIRECTOR 2.00 X 0 0 0 STEPHEN LANGLOIS DIRECTOR 2.00 X 0 0 0 TINA AMBROZY DIRECTOR 2.00 X 0 0 0 KRISTEN ANDRESKI DIRECTOR 2.00 X 0 0 0 DREW BOWDEN DIRECTOR 2.00 X 0 0 0 JIM CROWLEY DIRECTOR 2.00 X 0 0 0 PEGGY HO DIRECTOR 2.00 X 0 0 0 BOB SHAW DIRECTOR 2.00 X 0 0 0 TINA WILSON DIRECTOR 2.00 X 0 0 0 CATHERINE J WEATHERFORD PRESIDENT & CHIEF EXECUTIVE 40.00 X X 775000 0 41750 AMY MIGNOGNA CHIEF OPERATING OFFICER (THROUGH 09/18) 40.00 X 96889 0 15745 J LEE COVINGTON SENIOR VP & GENERAL COUNSEL 40.00 X 279018 0 28537 JASON BERKOWITZ VP & COUNSEL, REGULATORY AFFAIRS 40.00 X 246785 0 29122 BARBARA HUME VP, MEMBERSHIP 40.00 X 162378 0 21918 FRANCIS O'CONNOR VP, RESEARCH & OUTREACH 40.00 X 164127 0 25840 PAUL RICHMAN VP, REGULATORY AFFAIRS & COMPLIANCE 40.00 X 224272 0 24079 JAMES B QUINN VP, TECHNOLOGY 40.00 X 162100 0 2833 JANE A FORSYTHE VP, CONFERENCES 40.00 X 153890 0 16171 2264459 0 205995 8 0 1 0 LSAV POWERHOUSE 3912 WEST MCLEAN AVENUE CHICAGO IL 60647 AUDIO VISUAL SERVICES 239578 WILBANKS PARTNERS LLC 35 MAPLE AVENUE SOUTH WESTPORT CT 06880 RECRUITING SERVICES 181453 LEADING AUTHORITIES INC 1990 M STREET NW WASHINGTON DC 20036 SPEAKER SERVICES 151633 MINDSHIFT PO BOX 200105 PITTSBURGH PA 15251 IT SERVICES 109707 MATTHEW GREENWALD & ASSOCIATES INC 4201 CONNECTICUT AVENUE NW SUITE WASHINGTON DC 20008 LEGAL SERVICES 105319 5 MEMBERSHIP DUES 611710 3719900 3719900 CONFERENCES 611710 1232401 1232401 PREMIER ALLIANCE PROGR 611710 1042500 1042500 INDUSTRY WIDE TRAINING 611710 377669 377669 PUBLICATIONS 611710 36742 36742 6409212 3829 3829 63095 59664 3431 3431 3431 6416472 6409212 0 7260 X 1512846 1490942 61889 117145 157106 64039 78163 43505 804646 61456 267128 287576 160908 1002753 144535 37436 BAD DEBT EXPENSE 47250 PROFESSIONAL DEVELOPMEN 32367 MEMBERSHIP EXPENSE 29453 PROPERTY TAX/LICENCES 2215 6403358 3232251 2510051 827670 1257641 487979 126230 221762 144765 1195750 671990 544466 523760 886679 837246 6200807 5399693 419193 423304 3099420 2317315 0 1454314 1418080 4972927 4158699 X 1227880 1240994 1227880 1240994 6200807 5399693 13114 0 X 0 1 X 1 0 0 0 INSURED RETIREMENT INSTITUTE POLITICAL ACTION COMMITTEE 1100 VERMONT AVENUE NW 10TH FLOOR WASHINGTON DC 20005 273719919 112942 0 0 1 3638650 307772 -176491 131281 545798 -414517 459219 163823 295396 611313 493558 117755 125218 14609 110609 523760 DEFERRED COMPENSATION 813053 DEPOSIT 24193 837246 DEFERRED COMPENSATION 813053 DEFERRED RENT 455155 CAPITAL LEASE 149872 1418080 X PART X, LINE 2: THE INSTITUTE EVALUATES UNCERTAINTY IN INCOME TAX POSITIONS BASED ON A MORE-LIKELY-THAN-NOT RECOGNITION STANDARD. IF THAT THRESHOLD IS MET, THE TAX POSITION IS THEN MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. AS OF DECEMBER 31, 2018, THERE ARE NO ACCRUALS FOR UNCERTAIN TAX POSITIONS. IF APPLICABLE, THE INSTITUTE RECORDS INTEREST AND PENALTIES AS A COMPONENT OF INCOME TAX EXPENSE. TAX YEARS FROM 2015 THROUGH THE CURRENT YEAR REMAIN OPEN FOR EXAMINATION BY TAX AUTHORITIES. X X X 0 0 0 CATHERINE J WEATHERFORD PRESIDENT & CHIEF EXECUTIVE 550000 0 225000 0 0 0 18750 0 23000 0 816750 0 0 0 J LEE COVINGTON SENIOR VP & GENERAL COUNSEL 279018 0 0 0 0 0 13687 0 14850 0 307555 0 0 0 JASON BERKOWITZ VP & COUNSEL, REGULATORY AFFAIRS 217864 0 28921 0 0 0 11122 0 18000 0 275907 0 0 0 BARBARA HUME VP, MEMBERSHIP 158363 0 4015 0 0 0 7918 0 14000 0 184296 0 0 0 FRANCIS O'CONNOR VP, RESEARCH & OUTREACH 156806 0 7321 0 0 0 7840 0 18000 0 189967 0 0 0 PAUL RICHMAN VP, REGULATORY AFFAIRS & COMPLIANCE 224272 0 0 0 0 0 10079 0 14000 0 248351 0 0 0 JAMES B QUINN VP, TECHNOLOGY 127500 0 34600 0 0 0 2833 0 0 0 164933 0 0 0 JANE A FORSYTHE VP, CONFERENCES 139050 0 14840 0 0 0 4171 0 12000 0 170061 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THERE SHALL BE AN EXECUTIVE COMMITTEE COMPOSED OF THE CHAIRMAN, IMMEDIATE PAST CHAIRMAN, PRESIDENT, VICE CHAIRMAN, TREASURER, SECRETARY AND SUCH OTHER DIRECTORS AS SHALL BE DETERMINED BY THE CHAIRMAN AND/OR THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL CONDUCT THE AFFAIRS OF THE ASSOCIATION IN ACCORDANCE WITH ITS CERTIFICATE OF INCORPORATION AND BY-LAWS AND THE POLICIES AND INSTRUCTIONS OF THE BOARD OF DIRECTORS. IT SHALL BE RESPONSIBLE FOR THE MANAGEMENT OF THE ASSOCIATION BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE COMMITTEE SHALL BE RESPONSIBLE FOR DEVELOPING AN ANNUAL BUDGET FOR FINANCING OF THE ASSOCIATION FOR THE COMING CALENDAR YEAR AND RECOMMENDING SAID BUDGET TO THE BOARD OF DIRECTORS. THE COMMITTEE SHALL MEET UPON THE CALL OF ANY OF ITS MEMBERS, STATING THE TIME AND PLACE OF THE MEETING. FORM 990, PART VI, SECTION A, LINE 6 INSURED RETIREMENT INSTITUTE, INC. (IRI) HAS ONLY ONE CLASS OF MEMBERS. ANY PERSON OR ENTITY THAT HAS AN INTEREST IN INSURED RETIREMENT STRATEGIES MAY BE ELIGIBLE TO BECOME A MEMBER OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER SHALL BE ENTITLED TO ONE VOTE FOR THE ELECTION OF DIRECTORS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B CLIFTONLARSONALLEN WILL PROVIDE THE COMPLETED 990 TO IRI. THE DIRECTOR OF FINANCE WILL REVIEW THE 990 AND MAKE SURE IT BALANCES BACK TO THE FINANCIAL STATEMENTS. THEN THE PRESIDENT/CHIEF EXECUTIVE OFFICER WILL REVIEW AND SIGN THE 990. A COPY OF THE 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS. IF THERE IS SUFFICIENT TIME BEFORE THE FILING DUE DATE, THE BOARD WILL REVIEW, DISCUSS, AND APPROVE THE 990 BEFORE IT IS MAILED TO THE IRS. OTHERWISE, THE BOARD WILL REVIEW, DISCUSS AND APPROVE OR RECOMMEND AN AMENDMENT OF THE 990 AFTER IT HAS BEEN MAILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S SENIOR VICE PRESIDENT AND GENERAL COUNSEL REQUESTS THAT EACH BOARD MEMBER REVALIDATE THEIR STATEMENT ABOUT POTENTIAL CONFLICTS. THE SENIOR VICE PRESIDENT AND GENERAL COUNSEL VERIFIES THAT THERE ARE NO CONFLICTS. IF ANY POTENTIAL CONFLICTS ARISE, THE CHAIRMAN OF THE BOARD DICTATES THE RESOLUTION TO THE POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT/CHIEF EXECUTIVE OFFICER (CEO)'S PERFORMANCE ANNUALLY AND DETERMINES THE OFFICER'S SALARY INCREASE OR BONUS. THE PRESIDENT/CEO DETERMINES COMPENSATION ADJUSTMENTS FOR ALL OTHER STAFF. A CONSULTANT WAS ENGAGED TO WRITE JOB DESCRIPTIONS WITH COMPENSATION LEVELS FOR ALL POSITIONS. THIS WAS LAST DONE IN JANUARY 2009, AND SALARIES HAVE BEEN MODESTLY INCREASED FOR INFLATION AND MERIT SINCE THEN. IRI IS PLANNING TO PERFORM PROCESS FOR DETERMINING COMPENSATION AGAIN IN 2019. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G EXCECUTIVE SEARCH FEES 191,802. DUES & SUBSCRIPTIONS 47,834. TEMPORARY HELP EXPENSE 49,283. TECHNOLOGY SERVICES 5,944. CONTRACTED SERVICES EXPENSE 509,783. INSURED RETIREMENT INSTITUTE POLITICAL ACTION COMMITTEE 1100 VERMONT AVENUE NW 10TH FL WASHINGTON DC 20005 273719919 POLITICAL ACTION COMMITTEE DC 527 INSURED RETIREMENT INSTITUTE INC 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0