INSURED RETIREMENT INSTITUTE INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- INSURED RETIREMENT INSTITUTE INC (EIN 06-1328907)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202503219349312995
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T13:44:14-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 333709623 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 SYLVAN WAY | AddressLine1Txt |
| City | PARSIPPANY | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 070543801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061328907 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INSURED RETIREMENT INSTITUTE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INSU | BusinessNameControlTxt |
| Phone | 2024693000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1717 K STREET NW SUITE 900 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WAYNE CHOPUS | PersonNm |
| Person Title | PRESIDENT AND CEO | PersonTitleTxt |
| Phone | 2024693000 | PhoneNum |
| Signature | 2025-11-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ZACHARY SEGAL | PreparerPersonNm |
| PTIN | P01511850 | PTIN |
| Phone | 9732283500 | PhoneNum |
| Preparation | 2025-11-17 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | WAYNE CHOPUS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1717 K STREET NW SUITE 900 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $9,588,335 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.IRIONLINE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1991 | FormationYr |
| Legal Domicile State | CT | LegalDomicileStateCd |
| Activity Or Mission | TO PROMOTE UNDERSTANDING OF AND ADVOCATE ON ISSUES AFFECTING INSURED RETIREMENT STRATEGIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 38 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 37 | VotingMembersIndependentCnt |
| Total Employee | 22 | TotalEmployeeCnt |
| Total Volunteers | 40 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $8,429,726 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $9,275,698 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,018 | PYInvestmentIncomeAmt |
| CY Investment Income | $15,134 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$66,934 | PYOtherRevenueAmt |
| CY Other Revenue | -$8,548 | CYOtherRevenueAmt |
| PY Total Revenue | $8,367,810 | PYTotalRevenueAmt |
| CY Total Revenue | $9,282,284 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,280,969 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,805,530 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,801,782 | PYOtherExpensesAmt |
| CY Other Expenses | $3,189,468 | CYOtherExpensesAmt |
| PY Total Expenses | $8,082,751 | PYTotalExpensesAmt |
| CY Total Expenses | $8,994,998 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $285,059 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $287,286 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $9,201,441 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,370,490 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $7,454,018 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,335,781 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,747,423 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,034,709 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE INSURED RETIREMENT INSTITUTE IS TO: A. TO CHAMPION RETIREMENT SECURITY FOR ALL AMERICANS THROUGH LEADERSHIP IN ADVOCACY, AWARENESS, RESEARCH, AND ADVANCEMENT OF TECHNOLOGY SOLUTIONS WITHIN A COLLABORATIVE INDUSTRY COMMUNITY; ANDB. TO DO SUCH OTHER AND FURTHER THINGS AS MAY SERVE AND PROMOTE THE INDUSTRY AND THE COMMON BUSINESS INTERESTS OF ITS MEMBERSHIP | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | MEMBERSHIP & ENGAGEMENT:MEMBERSHIP SERVICES PROVIDES EDUCATION AND INFORMATION TO ASSOCIATION MEMBERS. THIS INCLUDES CONFERENCES THAT BRING TOGETHER ASSOCIATION MEMBERS AND OTHERS INTERESTED IN ANNUITY AND RETIREMENT PRODUCTS TO EDUCATE THEM ON CURRENT ISSUES, INCLUDING PRODUCT FEATURES AND BENEFITS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADVOCACY:THE ASSOCIATION'S ADVOCACY PROGRAMS SEEK TO ADVANCE PUBLIC POLICY SOLUTIONS THAT EXPAND ACCESS TO WORKPLACE RETIREMENT PLANS AND PROTECTED INCOME PRODUCTS AND TO ENSURE ACCESS TO CONSUMERS' CHOICE OF PROFESSIONAL FINANCIAL GUIDANCE, AMONG OTHER PRIORITIES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATIONS & TECHNOLOGY:THE ASSOCIATION'S OPERATIONS & TECHNOLOGY PROGRAMS SUPPORT THE INDUSTRY'S DEVELOPMENT OF DIGITAL SOLUTIONS FOR THE PURPOSE OF MEETING THE PRODUCT NEEDS AND SERVICE EXPECTATIONS OF FINANCIAL PROFESSIONALS AND CONSUMERS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 12 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 22 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | Yes (1) | NondeductibleContributionsInd |
| Nondeductible Contri Discl | Yes (1) | NondeductibleContriDisclInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 38 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 37 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAYNE CHOPUS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2024693001 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1717 K STREET NW SUITE 900 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (55 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| BILL LOWE | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| BOB MCGOWAN | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTIE LOFTUS | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHER GRADY | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| COLBERT NARCISSE | ||||||||
| DIRECTOR (AS OF 5/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| COLLEEN TYCZ | ||||||||
| DIRECTOR (AS OF 9/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| COREY WALTHER | ||||||||
| EXECUTIVE OFFICER, VICE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| CRAIG HAWLEY | ||||||||
| DIRECTOR (AS OF 8/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DEV GANGULY | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DOUG BRIGMAN | ||||||||
| DIRECTOR (UNTIL 8/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DYLAN TYSON | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ERIC HENDERSON | ||||||||
| DIRECTOR (UNTIL 8/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| GRAHAM DAY | ||||||||
| DIRECTOR (UNTIL 5/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JACOB ARMSTRONG | ||||||||
| DIRECTOR (UNTIL 9/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMIE OHL | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JAY JACKSON | ||||||||
| DIRECTOR (AS OF 5/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFF LORENZEN | ||||||||
| DIRECTOR (AS OF 8/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOE NEARY | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOE SCHULTZ | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN KENNEDY | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN SCHOBEL | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JORDAN JACKSON | ||||||||
| DIRECTOR (AS OF 8/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH TOLEDANO | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| KATHERINE ROY | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| KEVIN KENNEDY | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LAURA PANTALEO | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MARCI GREEN | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MATTHEW WION | ||||||||
| DIRECTOR (AS OF 5/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MELISSA KIVETT | ||||||||
| DIRECTOR (UNTIL 4/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL EUSTIC | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL STURM | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MYLES LAMBERT | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| PAUL LUCAS | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| PAULA NELSON | ||||||||
| EXECUTIVE OFFICER, TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| PETE LANDRY | ||||||||
| DIRECTOR (UNTIL 8/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| PHILIP PELLEGRINO | ||||||||
| EXECUTIVE OFFICER, CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| ROBERT JAMEISON | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT PETTMAN | ||||||||
| DIRECTOR (UNTIL 4/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SEAN BAKER | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SRINIVAS REDDY | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| STEVE SCANLON | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| TERRI FIEDLER | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| TIM FROEHLICH | ||||||||
| DIRECTOR (AS OF 9/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| TODD TAYLOR | ||||||||
| DIRECTOR (UNTIL 5/24) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| WAYNE CHOPUS | ||||||||
| PRESIDENT AND CEO | 39.50 | Yes (X) | $1,055,626 | $0 | $60,203 | Yes (X) | ||
| WESLEY SEVERIN | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTINA BRADY | ||||||||
| CHIEF OPERATING OFFICER (UNTIL 10/24) | 37.50 | $236,286 | $0 | $39,730 | Yes (X) | |||
| SHANI ARMON | ||||||||
| CHIEF OPERATING OFFICER (AS OF 10/24) | 37.50 | $324,634 | $0 | $20,005 | Yes (X) | |||
| JASON BERKOWITZ | ||||||||
| CHIEF LEGAL AND REGULATORY OFFICER | 37.50 | $403,411 | $0 | $65,823 | Yes (X) | |||
| PAUL RICHMAN | ||||||||
| CHIEF GOVERNMENT AND POLITICAL AFFAIRS OFFICER | 37.50 | $341,161 | $0 | $42,022 | Yes (X) | |||
| DANIEL ZIELINSKI | ||||||||
| CHIEF STRATEGIC COMMUNICATIONS OFFICER | 37.50 | $221,582 | $0 | $51,326 | Yes (X) | |||
| FRANCIS O'CONNOR | ||||||||
| VP, RESEARCH | 37.50 | $206,065 | $0 | $48,749 | Yes (X) | |||
| KATHERINE DEASE | ||||||||
| CHIEF TECHNOLOGY AND INNOVATION OFFICER | 37.50 | $324,048 | $0 | $18,901 | Yes (X) | |||
| REBECCA PLOWMAN | ||||||||
| DIRECTOR, COMPLIANCE AND IMPLEMENTATION | 37.50 | $159,446 | $0 | $12,848 | Yes (X) | |||
| SARAH WOOD | ||||||||
| DIRECTOR, STATE POLICY AND REGULATORY AFFAIRS | 37.50 | $170,862 | $0 | $17,490 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,443,121 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $377,097 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FORBES TATE PARTNERS LLC | |||||
| 3317 S HIGLEY RD SUITE 114-473 | GILBERT | AZ | 85297 | LOBBYING SERVICES | $217,623 |
| COHNREZNICK ADVISORY LLC | |||||
| 14 SYLVAN WAY 3RD FLOOR | PARSIPPANY | NJ | 07054 | ACCOUNTING SERVICES | $161,725 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MEMBERSHIP | 611710 | $5,719,173 | $5,719,173 |
| CONFERENCES | 611710 | $1,757,911 | $1,757,911 |
| INDUSTRY WIDE TRAINING | 611710 | $1,030,000 | $1,030,000 |
| PREMIER ALLIANCE PROGR | 611710 | $703,513 | $703,513 |
| COOPERATIVE TECHNOLOGI | 611710 | $65,101 | $65,101 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $9,275,698 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,134 | TotalRevenueColumnAmt |
| Exclusion | $15,134 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $268,926 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $306,051 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$37,125 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$37,125 | TotalRevenueColumnAmt |
| Exclusion | -$37,125 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,577 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $28,577 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $28,577 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,282,284 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $9,304,275 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$21,991 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,588,901 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,699,794 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,295 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,206 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $290,334 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $365,795 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $250,190 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $217,623 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,716 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,399 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $302,065 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $291,100 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $268,647 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,261,168 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,523 | TotalAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| STAFF TRAINING & DEVELO | $27,916 |
| SPONSORSHIP EVENTS | $10,872 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,454 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,994,998 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,395,503 | BOYAmt |
| EOY | $6,567,735 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,006,386 | BOYAmt |
| EOY | $1,148,868 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $162,452 | BOYAmt |
| EOY | $131,108 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $288,252 | BOYAmt |
| EOY | $292,131 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $933,874 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $905,187 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,113 | BOYAmt |
| EOY | $28,687 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $432,206 | BOYAmt |
| EOY | $158,189 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $840,529 | BOYAmt |
| EOY | $43,772 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,201,441 | BOYAmt |
| EOY | $8,370,490 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $241,010 | BOYAmt |
| EOY | $368,914 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,816,845 | BOYAmt |
| EOY | $5,736,375 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,396,163 | BOYAmt |
| EOY | $230,492 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,454,018 | BOYAmt |
| EOY | $6,335,781 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,747,423 | BOYAmt |
| EOY | $2,034,709 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,747,423 | BOYAmt |
| EOY | $2,034,709 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,201,441 | BOYAmt |
| EOY | $8,370,490 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $287,286 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expended527 Activities | $0 | Expended527ActivitiesAmt |
| Internal Funds Contributed | $0 | InternalFundsContributedAmt |
| Substantially All Dues Nonded | 0 | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | 0 | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | Yes (1) | AgreeCarryoverPriorYearInd |
| Dues Assessments | $5,719,173 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $217,623 | NonDeductibleLbbyngPltclCYAmt |
| Non Ded Lbbyng Pltcl Cyov | -$1,280,465 | NonDedLbbyngPltclCyovAmt |
| Non Deductible Lbbyng Pltcl Tot | -$1,062,842 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $857,876 | AggregateReportedDuesNtcAmt |
| Taxable | -$1,920,718 | TaxableAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $424,226 | OtherCostOrOtherBasisAmt |
| Depreciation | $406,550 | DepreciationAmt |
| Book Value | $17,676 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $509,648 | OtherCostOrOtherBasisAmt |
| Depreciation | $498,637 | DepreciationAmt |
| Book Value | $11,011 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $28,687 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| RIGHT OF USE LIABILITY | $210,913 |
| DEFERRED COMPENSATION | $19,579 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $230,492 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $9,732,456 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $450,172 | OtherRevenueAmt |
| Revenue Not Reported | $450,172 | RevenueNotReportedAmt |
| Revenue Subtotal | $9,282,284 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $9,282,284 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,456,549 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $461,551 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $461,551 | ExpensesNotReportedAmt |
| Expenses Subtotal | $8,994,998 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $8,994,998 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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, 2024 AND 2023, 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 2021 THROUGH THE CURRENT YEAR REMAIN OPEN FOR EXAMINATION BY TAX AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | AFFILIATE REMOVED FROM CONSOLIDATED TOTAL 144,121. RENTAL EXPENSES RECLASSIFIED TO REVENUE 306,051. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | AFFILIATE REMOVED FROM CONSOLIDATED TOTAL 155,500. RENTAL EXPENSES RECLASSIFIED TO REVENUE 306,051. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WAYNE CHOPUS | ||||||||||||||
| PRESIDENT AND CEO | $580,626 | $0 | $475,000 | $0 | $0 | $0 | $17,250 | $0 | $42,953 | $0 | $1,115,829 | $0 | $0 | $0 |
| JASON BERKOWITZ | ||||||||||||||
| CHIEF LEGAL AND REGULATORY OFFICER | $323,411 | $0 | $80,000 | $0 | $0 | $0 | $17,250 | $0 | $48,573 | $0 | $469,234 | $0 | $0 | $0 |
| PAUL RICHMAN | ||||||||||||||
| CHIEF GOVERNMENT AND POLITICAL AFFAI | $286,161 | $0 | $55,000 | $0 | $0 | $0 | $14,837 | $0 | $27,185 | $0 | $383,183 | $0 | $0 | $0 |
| SHANI ARMON | ||||||||||||||
| CHIEF OPERATING OFFICER (AS OF 10/24 | $264,634 | $0 | $60,000 | $0 | $0 | $0 | $7,552 | $0 | $12,453 | $0 | $344,639 | $0 | $0 | $0 |
| KATHERINE DEASE | ||||||||||||||
| CHIEF TECHNOLOGY AND INNOVATION OFFI | $282,048 | $0 | $42,000 | $0 | $0 | $0 | $14,102 | $0 | $4,799 | $0 | $342,949 | $0 | $0 | $0 |
| CHRISTINA BRADY | ||||||||||||||
| CHIEF OPERATING OFFICER (UNTIL 10/24 | $236,286 | $0 | $0 | $0 | $0 | $0 | $11,298 | $0 | $28,432 | $0 | $276,016 | $0 | $0 | $0 |
| DANIEL ZIELINSKI | ||||||||||||||
| CHIEF STRATEGIC COMMUNICATIONS OFFIC | $192,582 | $0 | $29,000 | $0 | $0 | $0 | $10,375 | $0 | $40,951 | $0 | $272,908 | $0 | $0 | $0 |
| FRANCIS O'CONNOR | ||||||||||||||
| VP, RESEARCH | $180,065 | $0 | $26,000 | $0 | $0 | $0 | $9,684 | $0 | $39,065 | $0 | $254,814 | $0 | $0 | $0 |
| SARAH WOOD | ||||||||||||||
| DIRECTOR, STATE POLICY AND REGULATOR | $151,362 | $0 | $19,500 | $0 | $0 | $0 | $7,651 | $0 | $9,839 | $0 | $188,352 | $0 | $0 | $0 |
| REBECCA PLOWMAN | ||||||||||||||
| DIRECTOR, COMPLIANCE AND IMPLEMENTAT | $140,946 | $0 | $18,500 | $0 | $0 | $0 | $7,106 | $0 | $5,742 | $0 | $172,294 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | THE CEO'S BONUS IS DETERMINED BY THE BOARD EXECUTIVE COMMITTEE. EMPLOYEE BONUSES ARE DETERMINED BY THE CEO IN ACCORDANCE WITH THE BOARD-APPROVED BUDGET FOR BONUSES AND ANY BOARD-APPROVED CHANGES THERETO. ALL BONUSES ARE PAID AT THE DISCRETION OF THE BOARD. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | INSURED RETIREMENT INSTITUTE, INC. (IRI) HAS ONLY ONE CLASS OF MEMBERS. EACH MEMBER OF THE CORPORATION SHALL BE ENTITLED TO ONE (1) VOTE FOR THE ELECTION OF DIRECTORS OF THE CORPORATION. SUCH VOTE MAY BE CONDUCTED BY MAIL OR ELECTRONIC MEANS. MEMBERS SHALL HAVE NO OTHER VOTING RIGHTS. A MEMBER MAY AUTHORIZE ANOTHER PERSON OR PERSONS TO ACT FOR IT BY PROXY, BUT NO PROXY SHALL BE VOTED OR ACTED UPON AFTER ELEVEN MONTHS FROM THE DATE THEREOF, UNLESS A LONGER PERIOD IS EXPRESSLY PROVIDED IN THE APPOINTMENT. |
| FORM 990, PART VI, SECTION A, LINE 2 | JOHN KENNEDY AND KEVIN KENNEDY HAVE A FAMILIAL RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 6 | INSURED RETIREMENT INSTITUTE, INC. (IRI) HAS ONLY ONE CLASS OF MEMBERS. EACH MEMBER OF THE CORPORATION SHALL BE ENTITLED TO ONE (1) VOTE FOR THE ELECTION OF DIRECTORS OF THE CORPORATION. SUCH VOTE MAY BE CONDUCTED BY MAIL OR ELECTRONIC MEANS. MEMBERS SHALL HAVE NO OTHER VOTING RIGHTS. A MEMBER MAY AUTHORIZE ANOTHER PERSON OR PERSONS TO ACT FOR IT BY PROXY, BUT NO PROXY SHALL BE VOTED OR ACTED UPON AFTER ELEVEN MONTHS FROM THE DATE THEREOF, UNLESS A LONGER PERIOD IS EXPRESSLY PROVIDED IN THE APPOINTMENT. |
| FORM 990, PART VI, SECTION A, LINE 7A | THERE SHALL BE AN EXECUTIVE COMMITTEE COMPOSED OF THE CHAIR, IMMEDIATE PAST CHAIR (IF STILL IN SERVICE AS A DULY ELECTED DIRECTOR), PRESIDENT, VICE CHAIR, TREASURER, SECRETARY, AND SUCH OTHER DIRECTORS AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE HAS AUTHORITY TO TAKE ACTION FOR THE CORPORATION IN ACCORDANCE WITH ITS CERTIFICATE OF INCORPORATION AND BYLAWS AND THE POLICIES AND INSTRUCTIONS OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | COHNREZNICK LLP WILL PROVIDE THE COMPLETED 990 TO IRI. THE CHIEF OPERATING OFFICER WILL REVIEW THE 990 AND MAKE SURE IT BALANCES BACK TO THE FINANCIAL STATEMENTS AND THE CHIEF LEGAL OFFICER WILL REVIEW THE 990 FOR ACCURACY AND COMPLETENESS. 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 ELECTRONICALLY FILED WITH THE IRS. OTHERWISE, THE BOARD WILL REVIEW, DISCUSS AND APPROVE OR RECOMMEND AN AMENDMENT OF THE 990 AFTER IT HAS BEEN ELECTRONICALLY FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | PURSUANT TO THE CONFLICT OF INTEREST POLICY ADOPTED BY THE BOARD OF DIRECTORS, ALL MEMBERS OF THE BOARD OF DIRECTORS AND ALL OFFICERS HAVE A FIDUCIARY DUTY TO ACT AT ALL TIMES IN THE BEST INTERESTS OF THE ASSOCIATION, AND HAVE AN AFFIRMATIVE OBLIGATION TO (1) IDENTIFY AND DISCLOSE THE EXISTENCE OF ANY FACTS OR CIRCUMSTANCES THAT MAY CONSTITUTE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, AND (2) MINIMIZE THE IMPACT OF SUCH CONFLICTS ON THE ACTIONS OF IRI WHENEVER POSSIBLE. WHEN ACTING IN THEIR CAPACITY AS A DIRECTOR OR OFFICER, ALL DIRECTORS AND OFFICERS MUST DISCLOSE ANY BUSINESS, PROFESSIONAL, OR PERSONAL INTEREST OR OTHER CONFLICT OF INTEREST IN A MATTER OR ANY RELATIONSHIP THAT MAY CALL INTO QUESTION WHETHER THE COVERED INDIVIDUAL IS ACTING IN THE BEST INTERESTS OF THE ASSOCIATION BEFORE PARTICIPATING IN ANY DECISION-MAKING OR TAKING ANY ACTION ON BEHALF OF THE ASSOCIATION REGARDING THAT MATTER. ALL DIRECTORS AND OFFICERS MUST SUBORDINATE PERSONAL, BUSINESS, THIRD-PARTY, AND OTHER INTERESTS TO THE WELFARE AND BEST INTERESTS OF THE ASSOCIATION. THE BOARD OF DIRECTORS HAS DELEGATED ITS AUTHORITY TO REVIEW AND RESOLVE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST TO THE EXECUTIVE COMMITTEE. ONLY DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE MAY PARTICIPATE IN ANY SUCH REVIEW. THE DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE SHALL DETERMINE WHETHER A CONFLICT EXISTS THAT IS REASONABLY LIKELY TO HAVE A MATERIAL AND ADVERSE IMPACT ON THE INTERESTS OF THE ASSOCIATION, AND IF SO, THE EXECUTIVE COMMITTEE SHALL DETERMINE WHETHER DISCLOSURE IS SUFFICIENT TO ADDRESS THE CONFLICT OR IF FURTHER REMEDIAL MEASURES ARE REQUIRED. REMEDIAL MEASURES MAY INCLUDE BUT ARE NOT LIMITED TO RECUSAL OF THE COVERED INDIVIDUAL FROM DELIBERATION, DEBATE, AND/OR VOTING RELATED TO PARTICULAR MATTERS PENDING BEFORE THE BOARD OR OTHER IRI MEMBER GROUPS. THE SPECIFIC RESPONSE WILL BE DETERMINED BASED ON THE NATURE OF THE CONFLICT, ITS POTENTIAL FOR AFFECTING THE COVERED INDIVIDUAL'S UNDIVIDED LOYALTY TO IRI, THE SIGNIFICANCE OF THE IRI DECISION OR ACTION, AND ANY OTHER RELEVANT FACTORS. THE EXECUTIVE COMMITTEE SHALL INFORM THE BOARD OF SUCH DETERMINATIONS AND REMEDIAL MEASURES. THE BOARD RETAINS ULTIMATE ENFORCEMENT AUTHORITY WITH RESPECT TO THE INTERPRETATION AND APPLICATION OF THIS POLICY AND AS SUCH, MAY MODIFY OR REVERSE SUCH DETERMINATIONS AND REMEDIAL MEASURES. |
| 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. JOB DESCRIPTIONS WERE UPDATED IN 2020 AND A COMPLETE COMPENSATION REVIEW WAS CONDUCTED IN 2022. |
| 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. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INSURED RETIREMENT INSTITUTE POLITICAL ACTION COMMITTEE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1717 K STREET NW SUITE 900 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273719919 | EIN |
| Primary Activities | POLITICAL ACTION COMMITTEE | PrimaryActivitiesTxt |
| Legal Domicile State | DC | LegalDomicileStateCd |
| Exempt Code Section | 527 | ExemptCodeSectionTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INSURED RETIREMENT INSTITUTE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Comments