2019-05-31T11:59:30-05:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2018-01-01 362138427 MILLION DOLLAR ROUND TABLE MILL 8476926378 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 STEPHEN P STAHR CEO 8476926378 2019-05-28 1 MELISSA STRUCK P01310867 6305738600 2019-05-28 67.137.57.251 2019-05-28 14:26:18 CD P 4F402DDF36D721BD6AB3A2CA290BB815499705B6 DE414017944CDB0982844D0CA812E48315B97641 2018 2019-02-21 02:37:17Z STEPHEN P STAHR 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 80753680 0 X WWW.MDRT.ORG X 1969 IL THE MISSION OF THE MILLION DOLLAR ROUND TABLE (MDRT) IS TO BE A VALUED MEMBER-DRIVEN GLOBAL NETWORK OF LEADING INSURANCE AND INVESTMENT FINANCIAL SERVICE PROFESSIONALS WHO SERVE THEIR CLIENTS BY EXEMPLARY PERFORMANCE AND THE HIGHEST STANDARD OF ETHICS, KNOWLEDGE, SERVICE, AND PRODUCTIVITY. 5 0 114 1959 0 103179 0 0 46134597 53928655 5794931 3664062 959482 1046471 52889010 58639188 1139832 323771 0 0 10742623 12565273 0 0 0 24739205 31739007 36621660 44628051 16267350 14011137 100383910 105354353 16759610 14524025 83624300 90830328 TO BE A VALUED MEMBER-DRIVEN GLOBAL NETWORK OF LEADING INSURANCE AND INVESTMENT FINANCIAL SERVICE PROFESSIONALS WHO SERVE THEIR CLIENTS BY EXEMPLARY PERFORMANCE AND THE HIGHEST STANDARD OF ETHICS, KNOWLEDGE, SERVICE, AND PRODUCTIVITY. 0 0 MDRT HOSTS MEETINGS PROGRAMMED WITH EDUCATIONAL AND MOTIVATIONAL CONTENT DESIGNED TO BENEFIT THE CAREERS OF INSURANCE AND FINANCIAL SERVICES PROFESSIONALS. DURING 2018, MDRT HELD FOUR MULTI DAY MEETINGS. THESE MEETINGS WERE ATTENDED BY OVER 15,000 INSURANCE AND FINANCIAL SERVICES PROFESSIONALS. MDRT PUBLISHES A BI-MONTHLY PERIODICAL THAT CONCENTRATES ON TRENDS AND OPPORTUNITIES SPECIFIC TO THE FINANCIAL SERVICES PROFESSION. MDRT PROVIDES DIGITAL CONTENT THAT IS HOUSED ON ITS RESOURCE ZONE. THIS INCLUDES MDRT PODCASTS, VIDEOS, MEETING TRANSCRIPTS AND THE MDRT BLOG. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 79 0 114 1 0 0 0 0 0 0 0 0 X 5 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X LAURA MCGRADY 8476926378 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 IAN GREEN VICE PRESIDENT 5.00 X X 55357 0 0 MARK HANNA PAST PRESIDENT 5.00 X X 52630 0 0 JAMES PITTMAN PAST PRESIDENT 10.00 X X 117155 0 0 ROSS VANDERWOLF PRESIDENT 5.00 X X 160568 0 0 REGINA BEDOYA VICE PRESIDENT 5.00 X X 47280 0 0 RANDY SCRITCHFIELD SECRETARY 5.00 X X 33934 0 0 STEPHEN STAHR CEO 50.00 X 645934 0 203314 PAMELA BROWN DIRECTOR STRATEGIC ENGAGEM 50.00 X 214959 0 80748 JAMES UNANDER SENIOR DIRECTOR, IT 50.00 X 212352 0 64620 LAURA GOOD SENIOR DIRECTOR, HR 40.00 10.00 X 203306 0 42256 LAURA MCGRADY SENIOR DIRECTOR, FINANCE 40.00 10.00 X 190958 0 53833 BARBARA O'CONNOR MANAGING DIRECTOR 40.00 X 239250 0 12108 2173683 0 456879 19 0 1 0 THE LAUNCH GROUP 3855 SAINT VALENTINE WAY ORLANDO FL 32811 MEETING PRODUCTION 1977833 FREEMAN PO BOX 650036 DALLAS TX 75265 MEETING DECOR 1809730 MCI ASIA PACIFIC 20 BENDEMEER ROAD SINGAPORE SN GLOBAL MEMBER SERVICES 1753402 EIGHT BIT STUDIOS 350 W ERIE SUITE 300 CHICAGO IL 60654 APP DEVELOPMENT 1681694 CONFERENCE SYSTEMS INC 131 S DEARBORN STREET CHICAGO IL 60603 INTERPRETATION SERVICES 1311454 59 MEMBERSHIP INCOME 611430 38014678 38014678 MEETINGS INCOME 611430 15913977 15913977 53928655 2688555 2688555 22466675 21491168 975507 975507 975507 1426270 623324 802946 802946 OTHER REVENUE 900099 143525 143525 MANAGEMENT FEES 561000 100000 100000 243525 58639188 53928655 0 4710533 323771 1316172 7881699 659277 2075166 632959 79352 39578 616958 838385 1380747 1058572 2158940 927056 1640608 19373880 218033 177995 MDRT ACADEMY 1651707 STRATEGIC PLANNING EXPE 537807 PUBLICATION 525657 ALL OTHER EXPENSES 513732 44628051 11583282 10442544 5642780 1594099 6992 23251 2293729 2171159 5099762 4575642 742153 524120 54752802 61103643 21967938 25904005 3394234 3591532 100383910 105354353 1530808 1932582 500000 250000 7055734 4497654 7673068 7843789 16759610 14524025 X 83624300 90830328 83624300 90830328 100383910 105354353 X 14011137 -6648969 -156140 X X 0 1 X 1 0 0 1 0 265000 265000 4479581 4220461 259120 355181 355181 0 524120 HEDGE FUND 463983 F GOVERNMENT AND AGENCY BONDS 15946250 F CORPORATE BONDS 7054722 F CERTIFICATES OF DEPOSIT 2439050 F 25904005 PENSION LIABILITY 6610864 DEFERRED COMPENSATION 1232925 7843789 X 51840445 -6648969 467184 -6181785 58022230 616958 616958 58639188 44634417 623324 623324 44011093 616958 616958 44628051 PART X, LINE 2: MDRT IS A TAX-EXEMPT ORGANIZATION AS DEFINED BY SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. MDRT IS SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS ACTIVITIES, WHICH EFFECTIVE JANUARY 1, 2018 INCLUDES COSTS ASSOCIATED WITH EMPLOYER PROVIDED PARKING. MANAGEMENT HAS DEEMED THE TAX LIABILITY IMMATERIAL TO THE FINANCIAL STATEMENTS, THEREFORE NO TAX EXPENSE HAS BEEN REPORTED AS OF DECEMBER 31, 2018. MDRT HAS NO UNRELATED BUSINESS ACTIVITIES AS OF DECEMBER 31, 2017. MDRT FOLLOWS THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. MDRT HAS DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2018 AND 2017. MDRT FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND ONE STATE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PENSION OBLIGATION -156,140. COST OF GOODS SOLD 623,324. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 623,324. SOUTH ASIA 1 1 PROGRAM SERVICES SEMINARS, NEWSLETTERS, MEMBERSHIP SUPPORT 243444 EAST ASIA AND THE PACIFIC 2 2 PROGRAM SERVICES SEMINARS, NEWSLETTERS, MEMBERSHIP SUPPORT 1931506 SOUTH AMERICA 1 1 PROGRAM SERVICES SEMINARS, NEWSLETTERS, MEMBERSHIP SUPPORT 152429 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 463983 4 4 0 0 4 4 2791362 0 2791362 1 0 0 0 1 0 PART I, LINE 3: THE ORGANIZATION USES ACCRUAL METHOD TO ACCOUNT FOR EXPENDITURES OUTSIDE OF THE UNITED STATES. 1 MDRT FOUNDATION 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 366080766 501(C)(3) 308631 N/A N/A GRANTS TO OTHER CHARITABLE ORGANIZATIONS ASAE FOUNDATION 1575 I STREET NW WASHINGTON DC 20005 521300485 501(C)(3) 10000 N/A N/A GRANT FOR GENERAL OPERATIONS 2 PART I, LINE 2: THE ORGANIZATION REQUIRES POTENTIAL GRANTEES TO PROVIDE FINANCIAL STATEMENTS AND BUDGETS. UPON RECEIVING A GRANT, ORGANIZATIONS ARE REQUESTED TO PROVIDE A REPORT AS TO HOW GRANT FUNDS WERE USED RELATIVE TO THE PROJECT FOR WHICH FUNDING WAS AWARDED. X X X X 1 1 X X 0 1 0 ROSS VANDERWOLF PRESIDENT 0 0 0 0 160568 0 0 0 0 0 160568 0 0 0 STEPHEN STAHR CEO 615934 0 30000 0 0 0 179838 0 23476 0 849248 0 0 0 PAMELA BROWN DIRECTOR STRATEGIC ENGAGEM 207459 0 7500 0 0 0 69780 0 10968 0 295707 0 0 0 JAMES UNANDER SENIOR DIRECTOR, IT 207352 0 5000 0 0 0 41153 0 23467 0 276972 0 0 0 LAURA GOOD SENIOR DIRECTOR, HR 195806 0 7500 0 0 0 32227 0 10029 0 245562 0 0 0 LAURA MCGRADY SENIOR DIRECTOR, FINANCE 183458 0 7500 0 0 0 30357 0 23476 0 244791 0 0 0 BARBARA O'CONNOR MANAGING DIRECTOR 231750 0 7500 0 0 0 2139 0 9969 0 251358 0 0 0 PART I, LINE 1A EXECUTIVE MEMBERS AND THE CEO CAN CHOOSE TO TRAVEL FIRST CLASS ON FLIGHTS WITH DURATIONS OF THREE HOURS OR LONGER (NONTAXABLE BENEFIT). SPOUSES CAN ACCOMPANY THE EXECUTIVE COMMITTEE MEMBERS ON THEIR TRAVELS. EACH EXECUTIVE COMMITTEE MEMBER RECEIVES A GROSS UP PAYMENT RELATED TO THEIR SPOUSAL TRAVEL AND ADMINISTRATIVE EXPENSES, WHICH IS TAXABLE TO THE INDIVIDUAL. EACH MEMBER OF THE EXECUTIVE COMMITTEE IS REIMBURSED FOR EXPENSES INCURRED RELATING TO ORGANIZATION MATTERS (NONTAXABLE TO THE INDIVIDUAL). EXECUTIVE COMMITTEE MEMBERS ARE ALSO REIMBURSED BY THE ORGANIZATION FOR THEIR STAFF PERSONEL PERFORMING ORGANIZATION WORK. NO MEMBER OF THE ORGANIZATION OR OF THE EXECUTIVE COMMITTEE, OR OF ANY OTHER COMMITTEE, RECEIVES COMPENSATION FOR SERVICES RENDERED. THE AMOUNTS BUDGETED FOR THE MATTERS ABOVE ARE INCLUDED IN THE ORGANIZATION'S BUDGET. THE BUDGET IS APPROVED BY THE FINANCE COMMITTEE ON AN ANNUAL BASIS. PART I, LINE 1B THE ORGANIZATION MAINTAINS AND FOLLOWS WRITTEN POLICIES REGARDING FIRST CLASS TRAVEL, SPOUSE TRAVEL, GROSS-UP PAYMENTS AND DISCRETIONARY SPENDING ACCOUNTS. PART I, LINE 3 EXPENSE REPORTS MUST BE SUBMITTED IN ORDER TO RECEIVE REIMBURSEMENT FROM THE ORGANIZATION. RECEIPTS ARE REQUIRED FOR ITEMS $25 OR GREATER. RECEIPTS ARE REQUIRED FOR ALL PURCHASES MADE WITH THE ORGANIZATION'S CREDIT CARD. PART I, LINE 4B THE FOLLOWING PERSON RECEIVED BENEFITS FROM OR OTHERWISE PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: STEPHEN STAHR - EARNED $123,974 (DOES NOT VEST UNTIL RETIREMENT DATE IS REACHED) FORM 990, PART VI, SECTION A, LINE 1 THE GOVERNING BODY IS GOVERNED AND MANAGED BY AN EXECUTIVE COMMITTEE DULY ELECTED BY THE MEMBERSHIP WHICH FUNCTIONS AS THE BOARD OF GOVERNANCE. THE COMMITTEE HAS FIVE VOTING OFFICERS AND INCLUDES THE CHIEF EXECUTIVE OFFICER AS AN EX-OFFICIO, NON-VOTING MEMBER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS THREE CLASSES OF MEMBERSHIP: 1) QUALIFYING, 2) QUALIFYING AND LIFE, AND 3) LIFE. EACH CLASS OF MEMBERSHIP SHALL BE A PRIVILEGE WHICH MAY BE GRANTED OR WITHHELD EACH YEAR BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A THE ROUND TABLE HAS A NOMINATING COMMITTEE CONSISTING OF SEVEN MEMBERS. THE PRESIDENT AND TWO AVAILABLE PAST PRESIDENTS SHALL BE MEMBERS OF THE NOMINATING COMMITTEE WITH THE OTHER FOUR MEMBERS NOT BEING MEMBERS OF GOVERNANCE OR PAST PRESIDENTS. IT IS THE NOMINATING COMMITTEE THAT IS ASSEMBLED TO ELECT NEW MEMBERS TO THE GOVERNING BODY. MEMBERS OF GOVERNANCE MUST BE LIFE MEMBERS OR QUALIFYING AND LIFE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE BY-LAWS MAY BE AMENDED BY THE MEMBERS. THE PROCESS REQUIRES NOTIFICATION OF THE MEMBERS NOT LESS THAN 30 DAYS PRIOR TO THE ANNUAL MEETING AND APPROVAL BY TWO-THIRDS OF THOSE MEMBERS PRESENT AT THE ANNUAL MEETING AND CASTING VOTES. AMENDMENTS MAY ALSO BE MADE BETWEEN ANNUAL MEETINGS BY SOLICITATION OF THE MEMBERS BY MAIL OR ELECTRONIC MEDIA. THIS METHOD ALSO REQUIRES 30 DAY NOTIFICATION IN ADVANCE OF THE BALLOT DEADLINE AND APPROVAL BY TWO-THIRDS OF MEMBERS CASTING VOTES. MEMBERS MAY PROPOSE AMENDMENTS BY WRITTEN PETITION CONTAINING SIGNATURES OF NOT LESS THAN 20% OF ALL MEMBERS. SUCH PETITION MUST BE SUBMITTED 90 DAYS PRIOR TO THE ANNUAL MEETING TO FACILITATE COMPLIANCE WITH THE 30 DAY NOTICE REQUIREMENT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION SUPPLIED BY MANAGEMENT. A DRAFT OF THE RETURN IS REVIEWED BY MANAGEMENT WITH ANY APPROPRIATE CHANGES BEING INCORPORATED INTO THE DOCUMENT BEFORE BEING PROVIDED TO THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH EXECUTIVE COMMITTE MEMBER IS REQUIRED TO AGREE TO THE CONFLICT OF INTEREST POLICY AND ACKNOWLEDGES THIS BY SIGNING THE CONFLICT OF INTEREST POLICY STATEMENT ON AN ANNUAL BASIS. COMPLIANCE IS MONITORED BY THE EXECUTIVE COMMITTEE ON AN ANNUAL BASIS. THE POLICY REQUIRES FULL AND PROMPT DISCLOSURE TO THE EXECUTIVE COMMITTEE OF ALL RELEVANT FACTS REGARDING ANY POSSIBLE CONFLICTS OF INTEREST. EACH EXECUTIVE COMMITTEE MEMBER AGREES TO INFORM IN WRITING AN OFFICER OF MDRT NOT AFFECTED BY THE CONFLICT. THEY MUST THEN REFRAIN FROM EXECUTIVE COMMITTEE DISCUSSION WITH RESPECT TO THE MATTER AND REFRAIN FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES ASAE'S BLUE CHIP AND ASSOCIATION FORUM SURVEYS TO EVALUATE COMPENSATION AT ALL LEVELS OF THE ORGANIZATION. THE BOARD OF GOVERNANCE REVIEWS THIS INFORMATION IN DETERMINING THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. OCCUPATION SPECIFIC SURVEYS SUCH AS SHRM, NFRE, AND NMA ARE REVIEWED FOR MOST RECENT COMPENSATION DOCUMENTATION. COMPENSATION FOR ALL EXECUTIVE POSITIONS WAS REVIEWED AND DOCUMENTED FOR 2018. ALLOWANCES AND REIMBURSEMENTS TO COMMITTEE MEMBERS ARE DETERMINED BASED UPON THE GUIDELINES STIPULATED WITHIN THE ORGANIZATION'S POLICY BOOK. THE POLICIES INCLUDED WITHIN ARE STRICTLY ADHERED TO. COMPENSATION FOR ALL OTHER EMPLOYEES IS EVALUATED ON AN ANNUAL BASIS BY THE CHIEF EXECUTIVE OFFICER AND SENIOR DIRECTOR OF HUMAN RESOURCES. COMPENSATION STUDIES PREVIOUSLY MENTIONED ARE USED IN THE PROCESS OF EVALUATING ALL OTHER EMPLOYEES. ADDITIONALLY THE ORGANIZATION'S JOB DESCRIPTIONS AND SALARIES ARE REVIEWED BY AN EXTERNAL THIRD PARTY TO ASSESS WHETHER THE ORGANIZATION'S COMPENSATION IS COMPARABLE TO LIKE POSITIONS IN SIMILAR ORGANIZATIONS. THIS PROCESS IS PERFORMED AND DOCUMENTED APPROXIMATELY ONCE OVER TWO TO THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY -156,140. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MILLION DOLLAR ROUNDTABLE FOUNDATION 325 W TOUHY AVENUE PARK RIDGE IL 60068 366080766 GRANT MAKING TO OTHER CHARITABLE ORGANIZATIONS IL 501(C)(3) LINE 7 N/A 0 THE MDRT ACADEMY 325 W TOUHY AVENUE PARK RIDGE IL 60068 814966111 APPLICATION TO SUPPORT PROFESSIONAL COMMUNITY IL 501(C)(6) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 MILLION DOLLAR ROUND TABLE FOUNDATION B 308631 CASH MILLION DOLLAR ROUND TABLE FOUNDATION M 100000 CASH MILLION DOLLAR ROUND TABLE FOUNDATION N 115809 PRORATED COSTS MILLION DOLLAR ROUND TABLE FOUNDATION O 798427 HOURS WORKED