2019-11-12T16:59:18-06:00 2018-12-31 BDO USA LLP 100 PARK AVENUE NEW YORK NY 100175001 990 2018-01-01 131860397 RISK AND INSURANCE MANAGEMENT SOCIETY INC % MARY ROTH RISK 2122869292 1407 BROADWAY 29TH FLOOR NEW YORK NY 10018 MARY ROTH CEO 2126553060 2019-11-12 true Paul Hammerschmidt P01384178 2128858000 24.98.146.212 26308920193165000027 2019-11-12 P A24F609FCCA88A60844EA56223D8C041BF48CC74 7650403D266B766C333176AE000A8E3E9E2A92DE 2018 2020-03-31 21:24:44Z RIMS MARY ROTH 1407 BROADWAY 29TH FLOOR NEW YORK NY 10018 30113778 false X WWW.RIMS.ORG X 1978 IL TO EDUCATE, ENGAGE AND ADVOCATE FOR THE GLOBAL RISK COMMUNITY 13 13 58 164 1007301 0 0 13716998 13497761 1103677 660587 2301273 1642121 17121948 15800469 11811 0 0 0 7375985 7396608 0 0 0 8399075 9483333 15786871 16879941 1335077 -1079472 20489251 18005361 6756098 6981098 13733153 11024263 X The vision of the Risk and Insurance Management Society is to be the global leader in all aspects of risk management. The mission of the Society is to educate, engage and advocate for the global risk community. The goals of the Society are to: 1) ensure a sustainable and adaptable organization 2) equip risk professionals globally to succeed in an evolving environment 3) enhance engagement with members and the broader risk community 4) expand RIMS influence worldwide false false Conference - This department is responsible for the planning and production of RIMS Annual Conference & Exhibition, RIMS ERM Conference, RIMS CyberTech Conference, RIMS Risk Summits, and RIMS Risk Forums. RIMS Annual Conference & Exhibition is the definitive event for risk professionals, attracting approximately 10,000 risk professionals (Member, Non-Members and Exhibitors) worldwide. This prestigious event offers its attendees the widest range of educational programs, networking opportunities and communications of significant happenings that impact risk management. Marketing - RIMS employs a centralized approach to its marketing and communications efforts, and has unified this service for all of its products, services and events under a single division. This methodology enables RIMS to maximize its impact and make the best use of its budget by cross-marketing its strategic objectives in all of its communications efforts. Marketing programs involve an integrated approach primarily focused on electronic, web-based and print materials and communications, social media, advertising, publishing, as well as media relations. RIMS Marketing also supports RIMS Marketplace, an online directory of relevant service and solution providers. RIMS Media Relations Division acts as a resource to major dailies, trade publications, and the general media. Through press releases, articles and interviews, RIMS Media Relations supports RIMS positions on key issues to risk managers and the public. RIMS Media Relations Division also coordinates all speaking opportunities for RIMS leadership. Using this approach, the Department fulfills its mandate to expand awareness of RIMS management to a broad audience. Publications - Risk Management Magazine is RIMS' flagship publication. It is issued ten times per year and includes articles of interest to professionals responsible for risk and insurance management in business and industrial firms, public administration and government, insurance companies, agents and brokers, business services and others allied to the field. By providing in-depth analysis of the world of risk, Risk Management Magazine is a vital source of pertinent information for business. The magazine is supported by its official blog, The Risk Management Monitor, which offers daily coverage and analysis of the latest risk-related news and issues. Risk-Wire, distributed twice per week, is an exclusive news service for RIMS members that provides an executive summary and links to the most important risk management stories of the day. false false false true false false false false false true false false false true true false true false false true false false false false false false false false true false false false false false false false false false false false true true false false true 72 0 true 58 true true true true CA false false false false false false X 13 13 false false false false true true true true true false true true true true true true true true true false false X MARY ROTH 2126553060 1407 BROADWAY 29TH FLOOR NEW YORK NY 10018 X ROBERT CARTWRIGHT PRESIDENT EFF. 1/18 5.0 0.0 X X 0 0 0 STEVE POTTLE VICE PRESIDENT EFF. 1/18 5.0 0.0 X X 0 0 0 GLORIA BROSIUS TREASURER EFF. 1/18 5.0 0.0 X X 0 0 0 ROBERT ZHANG SECRETARY EFF. 1/18 5.0 0.0 X X 0 0 0 NOWELL SEAMAN EX-OFFICIO 5.0 0.0 X X 0 0 0 EMILY CUMMINS DIRECTOR 5.0 0.0 X 0 0 0 BARRY DILLARD DIRECTOR 5.0 0.0 X 0 0 0 ELLEN R DUNKIN DIRECTOR 5.0 0.0 X 0 0 0 SUSAN HITESHEW from 118 DIRECTOR 5.0 0.0 X 0 0 0 LAURA LANGONE DIRECTOR 5.0 0.0 X 0 0 0 SOUBHAGYA PARIJA DIRECTOR 5.0 0.0 X 0 0 0 KRISTEN REED from 118 DIRECTOR 5.0 0.0 X 0 0 0 PATRICK STERLING from 118 DIRECTOR 5.0 0.0 X 0 0 0 MARY ROTH EXECUTIVE DIRECTOR/CEO 35.0 0.0 X 403181 0 31576 NEIL SWANSON 1218 - 319 VP - FINANCE AND ACCOUNTING 33.0 2.0 X 5508 0 0 PAUL PIZIO THRU 918 VP - FINANCE AND ACCOUNTING 33.0 2.0 X 165320 0 35174 ANNETTE HOMAN DEPUTY EXECUTIVE DIRECTOR/COO 35.0 3.0 X 241243 0 50006 MARK PRYSOCK GENERAL COUNSEL 33.0 2.0 X 220797 0 49647 MICHAEL PETERS VP - INFORMATION TECHNOLOGY 35.0 0.0 X 207697 0 48313 NIKOLE TEN BRINK VP - MARKETING 35.0 0.0 X 186221 0 31941 CAROL FOX VP - STRATEGIC INITIATIVES 35.0 0.0 X 185020 0 34548 STUART RUFF-LYON VP - EVENTS 35.0 0.0 X 159790 0 21650 1774777 0 302855 17 false true false FREEMAN AUDIO VISUAL INC 1600 VICEROY DRIVE SUITE 100 DALLAS TX 75235 AUDIO & VISUAL 849455 RK CULINARY GROUP LLC 1220 E COMMERCE STREET SAN ANTONIO TX 78505 CATERING 456021 CONVENTION STORE 405 HEADQUARTERS DRIVE SUITE 7 MILLERSVILLE MD 21108 TRANSPORTATION 370641 3 0 CONFERENCE/SEMINARS 900099 9841379 9779329 62050 MEMBERSHIP DUES 900099 2265369 2265369 PUBLICATIONS 511120 760928 396783 364145 EDUCATION, CERTIFICATION, AND GRMI 611430 397066 397066 MEMBERSHIP AND CHAPTER SERVICES 541990 233019 233019 13497761 277814 277814 0 0 0 0 0 14696082 14313309 382773 382773 382773 0 0 0 0 0 0 0 0 0 ADVERTISING 541800 937569 543424 394145 ADMINISTRATIVE FEES 561000 462147 462147 OTHER INCOME 900099 242405 37682 204723 1642121 15800469 13533713 1007301 1259455 0 0 0 0 932008 0 5174648 380311 492047 417594 0 97589 165262 386334 0 55867 62557 753206 2271889 417985 0 0 200915 0 3965546 0 0 404166 252237 MEMBERSHIP EXPENSES 329144 BAD DEBT EXPENSE 48413 STAFF TRAINING 30877 DUES AND SUBSCRIPTIONS 25035 16311 16879941 2261860 2254719 631256 615687 0 0 751748 860752 0 0 0 0 0 0 0 0 1428144 1426666 5390001 4541999 443570 848002 14554652 11496899 0 0 0 0 418021 502636 0 0 20489251 18005361 1014506 1185663 150000 0 5442931 5180775 0 0 0 0 0 0 0 0 0 0 148661 614660 6756098 6981098 X 13733153 11024263 0 0 0 0 13733153 11024263 20489251 18005361 X -1079472 -1626500 -2918 X false true X true false false false false 2265369 386334 386334 378877 7457 252931 9419 243512 1140356 1054099 86257 3996714 3478481 518233 848002 0 DEFERRED RENT PAYABLE 554430 LIABILITY FOR CHAPTER INVESTMENTS 60230 614660 X 14118102 -1626500 -1626500 15744602 55867 55867 15800469 16824074 16824074 55867 55867 16879941 PART X, LINE 2: Under ASC 740, "Income Taxes," an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. Risk and Insurance Management Society, Inc. does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The Organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the Organization has filed IRS Form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. For the year ended December 31, 2018, there were no interest or penalties recorded or included in the statement of activities. The Organization is subject to routine audits by a taxing authority. As of December 31, 2018, the Organization was not subject to any examination by a taxing authority. North America Program Services ANNUAL CONFERENCE 169991 South Asia Program Services ANNUAL CONFERENCE 94297 East Asia and the Pacific Program Services ANNUAL CONFERENCE 94220 Europe (Including Iceland and Greenland) Program Services FREELANCE WRITING 12257 Middle East and North Africa Program Services ANNUAL CONFERENCE 307 371072 371072 false false false false false false X X true true X X X X true false false MARY ROTH EXECUTIVE DIRECTOR/CEO 366512 0 35000 0 1669 0 29791 0 1785 0 434757 0 0 0 PAUL PIZIO THRU 918 VP - FINANCE AND ACCOUNTING 122944 0 0 0 42376 0 10970 0 24204 0 200494 0 0 0 ANNETTE HOMAN DEPUTY EXECUTIVE DIRECTOR/COO 208749 0 32000 0 494 0 17651 0 32355 0 291249 0 0 0 MARK PRYSOCK GENERAL COUNSEL 203035 0 17000 0 762 0 17297 0 32350 0 270444 0 0 0 MICHAEL PETERS VP - INFORMATION TECHNOLOGY 190178 0 17000 0 519 0 15967 0 32346 0 256010 0 0 0 NIKOLE TEN BRINK VP - MARKETING 165750 0 20000 0 471 0 14491 0 17450 0 218162 0 0 0 CAROL FOX VP - STRATEGIC INITIATIVES 165582 0 19000 0 438 0 13475 0 21073 0 219568 0 0 0 STUART RUFF-LYON VP - EVENTS 139453 0 20000 0 337 0 12047 0 9603 0 181440 0 0 0 PART I, LINE 1A: The President is allowed to bring a companion on two international trips per year. The President is issued a 1099 for such expenses. PART I, LINE 4A: PAUL PIZIO, VP - FINANCE AND ACCOUNTING THRU SEPTEMBER OF 2018, RECEIVED SEVERANCE PAYMENTS TOTALING $42,376, WHICH IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). FORM 990, PART III, LINE 4D: A) Membership - RIMS is working to make membership more accessible and inclusive for risk professionals around the world. RIMS introduced new membership categories providing more opportunities for young professionals as well as service providers in expanded global locations. A Diversity and Inclusion Task Force was formed to develop and promote relevant goals for a more inclusive and resilient future. B) Education - RIMS continues to modernize education products like its OPIS online platform for member and non-member collaboration on key risk issues and questions. Additionally RIMS provides professional development and education opportunities through online and in-person course offerings. C) Certification - RIMS-Certified Risk Management Professional certification is a global certification that demonstrates achievement of risk management competencies, knowledge and commitment to quality, and continuous learning through RIMS sponsored courses as well as through partnerships with universities and training organizations around the world. FORM 990, PART VI, SECTION A, LINE 6: RISK AND INSURANCE MANAGEMENT SOCIETY, INC. is a membership organization. Membership types are Organizational (employed with risk responsibilities), Associate (vendor to risk management profession), Student (full time student majoring in risk management, insurance or business), Educational (professor in a program providing risk management, insurance or business education) Retired, and Transitional (member who lost employment), Individual (employed with risk responsibilities, but join separate from their organization). FORM 990, PART VI, SECTION A, LINE 7A: Organizational members elect the Board of Directors. FORM 990, PART VI, SECTION A, LINE 7B: Changes to the bylaws require approval by the voting (Organizational) members. FORM 990, PART VI, SECTION B, LINE 11B: FORM 990 IS PREPARED BY A NATIONALLY RENOWNED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S MANAGEMENT. DRAFT FORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT AND AUDIT/FINANCE COMMITTEE. AFTER REVIEW THE FORM 990 IS THEN PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE IT iS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C: BOARD MEMBERS AND EMPLOYEES' ARE REQUIRED TO SIGN CONFLICT OF INTEREST STATEMENTS UPON APPOINTMENT AND HIRE. GENERAL COUNSEL REVIEWS ALL CONTRACTS BEFORE THEY ARE EXECUTED. AS PART OF THAT REVIEW, QUESTIONS MAY ARISE REGARDING THE OTHER PARTYS KEY STAKEHOLDERS. IF A CONFLICT IS IDENTIFIED, THE GENERAL COUNSEL WILL CONTACT THE RIMS VOLUNTEER WITH THE POTENTIAL CONFLICT, QUESTION HIM/HER ABOUT THE POTENTIAL CONFLICT, AND THEN RELAY ANY INFORMATION TO THE AUDIT COMMITTEE. OF NOTE: WE HAVE NOT ENCOUNTERED ANY CONFLICTS OF INTEREST TO DATE. THE POLICY APPLIES TO DIRECTORS, OFFICERS, COMMITTEE AND COUNCIL VOLUNTEERS, AND KEY STAFF MEMBERS. AS PREVIOUSLY STATED, THE GENERAL COUNSEL WILL MAKE AN INITIAL DETERMINATION ABOUT A POTENTIAL CONFLICT, AFTER WHICH IT WOULD BE FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE INDIVIDUAL WITH THE CONFLICT WILL BE ASKED TO RECUSE HIMSELF/HERSELF FROM ANY DELIBERATIONS OR DECISIONS RELATED TO THE BUSINESS TRANSACTION. IF THE CONFLICT IS DEEMED SUBSTANTIAL, THE INDIVIDUAL MAY BE ASKED TO RESIGN HIS/HER VOLUNTEER POSITION WITH RIMS. FORM 990, PART VI, SECTION B, LINE 15A: THREE COMMISSIONED STUDIES OF COMPARABILITY DATA WERE PROVIDED TO THE EXECUTIVE COMMITTEE. THE COMMITTEE EVALUATED THE MATERIAL RECEIVED AS WELL AS THE COMPARATIVE DATA FROM 990 FILINGS. FOLLOWING A DELIBERATION ON THIS MATTER, THE COMMITTEE VOTED TO RECOMMEND AND APPROVE A NEW PROPOSED SALARY FOR THE EXECUTIVE DIRECTOR. Minutes are kept on these meetings as well as documentation in the executive director's personnel file. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: Foreign Currency Exchange Loss.....$(2,918) GLOBAL RISK MANAGEMENT INSTITUTE INC 1407 BROADWAY 29TH FLOOR NEW YORK NY 10018 134059911 PROF. Devel. NY 501(C)(3) 7 RIMS true false false false false false false false false false false false false false true true false false false false