2018-11-12T15:49:52-06:00 2017-12-31 BDO USA LLP 100 PARK AVENUE NEW YORK NY 100175001 990 2017-01-01 131860397 RISK AND INSURANCE MANAGEMENT SOCIETY INC % MARY ROTH RISK 2122869292 1407 BROADWAY 29TH FLOOR NEW YORK NY 10018 MARY ROTH CEO 2126553060 2018-11-08 true Paul Hammerschmidt P01384178 2128858000 24.125.103.209 26308920183165000036 2018-11-12 P 1210560841ADC29080D5D665393427DBF2BE5B27 48C336AAB7D1DE8463E223BE15B361E384766368 2017 2019-02-21 02:37:17Z X RIMS MARY ROTH 1407 BROADWAY 29TH FLOOR NEW YORK NY 10018 30061958 false X WWW.RIMS.ORG X 1978 IL TO EDUCATE, ENGAGE AND ADVOCATE FOR THE GLOBAL RISK COMMUNITY 13 13 59 800 998398 -108566 0 0 13386063 13716998 256424 1103677 2101397 2301273 15743884 17121948 516368 11811 0 0 7137185 7375985 0 0 0 8475964 8399075 16129517 15786871 -385633 1335077 18467598 20489251 7115666 6756098 11351932 13733153 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 Risk Summits and RIMS Risk Forum. RIMS Annual Conference & Exhibition is the definitive event for risk professional, 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 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 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 risk management to a broad audience. Publications - Risk Management magazine is RIMSs flagship publication. It is produced 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. Additional online resources that provide todays risk professionals with knowledge, tools and resources they need to be successful include the Strategic & Enterprise Risk Center, the International Center for Risk Management and Risk Knowledge. These are available to both members and the general public. 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 true false true false false false false false false false false false false false true true false false true 81 0 true 59 true true true true CA 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 NOWELL SEAMAN FROM 117 PRESIDENT 5.0 0.0 X X 0 0 0 ROBERT CARTWRIGHT VICE PRESIDENT (FROM 1/17) 5.0 0.0 X X 0 0 0 STEVE POTTLE FROM 117 TREASURER 5.0 0.0 X X 0 0 0 GLORIA BROSIUS FROM 117 SECRETARY 5.0 0.0 X X 0 0 0 JULIE PEMBERTON EX-OFFICIO 5.0 0.0 X X 0 0 0 GORDON ADAMS DIRECTOR 5.0 0.0 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 DUNKIN FROM 117 DIRECTOR 5.0 0.0 X 0 0 0 LAURA LANGONE DIRECTOR 5.0 0.0 X 0 0 0 SOUBHAGYA PARIJA FROM 117 DIRECTOR 5.0 0.0 X 0 0 0 JANET STEIN DIRECTOR 5.0 0.0 X 0 0 0 ROBERT ZHANG DIRECTOR 5.0 0.0 X 0 0 0 MARY ROTH EXECUTIVE DIRECTOR/CEO 35.0 0.0 X 392682 0 29613 PAUL PIZIO VP - FINANCE AND ACCOUNTING 35.0 2.0 X 142672 0 15828 ANNETTE HOMAN DEPUTY EXECUTIVE DIRECTOR/COO 35.0 2.0 X 234985 0 24828 MARK PRYSOCK GENERAL COUNSEL 35.0 2.0 X 214730 0 29690 MICHAEL PETERS VP - INFORMATION TECHNOLOGY 35.0 0.0 X 199366 0 23536 NIKOLE TENBRINK VP - MARKETING 35.0 0.0 X 182931 0 22507 CAROL FOX VP - STRATEGIC INITIATIVES 35.0 0.0 X 175444 0 22733 STUART RUFF VP - EVENTS 35.0 0.0 X 159781 0 21110 1702591 0 189845 20 false true false FREEMAN AUDIO VISUAL INC 4545 WEST DAVIS STREET DALLAS TX 75211 AUDIO & VISUAL 883365 TRIZECHAHN CORPORATION 181 BAY STREET SUITE 2930 TORONTO 0 CA M5J 2T3 AUDIO & VISUAL 767593 ARAMARKSFS 1101 ARCH STREET PHILADELPHIA PA 19107 CATERING 441752 SPEAK INC 10680 TREENA STREET SUITE 230 SAN DIEGO CA 92131 CONSULTING 207500 ELLIOTT LEWIS CORPORATION 2900 BLACK LAKE PLACE PHILADELPHIA PA 19154 TEMPORARY HELP 199774 16 0 CONFERENCE/SEMINARS 900099 10083651 9987201 96450 MEMBERSHIP DUES 900099 2741318 2741318 MEMBERSHIP AND CHAPTER SERVICES 541990 514180 514180 PROFESSIONAL DEVELOPMENT 611430 325135 325135 PUBLICATIONS 511120 52714 -269804 322518 13716998 307552 307552 0 0 0 0 0 13736135 12940010 796125 796125 796125 0 0 0 0 0 0 0 0 0 ADVERTISING 541800 1643597 514180 1129417 ADMINISTRATIVE FEES 561000 427915 427915 OTHER INCOME 900099 229761 65250 164511 2301273 17121948 13725945 998398 2397605 11811 0 0 0 840608 0 4963840 363227 865954 342356 0 59896 135012 366016 0 56048 95034 575485 333143 531429 0 618794 177466 0 3882877 0 0 477726 239765 RECRUITMENT EXPENSES 87312 BAD DEBT EXPENSE 55173 DUES & SUBSCRIPTIONS 19502 PAYROLL PROCESSING FEES 16316 672081 15786871 1696991 2261860 970826 631256 0 0 354551 751748 0 0 0 0 0 0 0 0 998958 1428144 6032104 5588534 864835 443570 13267246 14554652 0 0 0 0 314191 418021 0 0 18467598 20489251 1062417 1014506 300000 150000 5464603 5442931 0 0 0 0 0 0 0 0 0 0 288646 148661 7115666 6756098 X 11351932 13733153 0 0 0 0 11351932 13733153 18467598 20489251 X 1335077 1057613 -11469 X false true X true false false false true 2741653 366016 366016 328998 37018 1382274 1242615 139659 1083562 1019674 63888 3566268 3326245 240023 443570 0 DEFERRED RENT PAYABLE 86369 LIABILITY FOR CHAPTER INVESTMENTS 62292 148661 X 18123513 1057613 1057613 17065900 56048 56048 17121948 15730823 15730823 56048 56048 15786871 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, 2017, 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, 2017, the Organization was not subject to any examination by a taxing authority. Management believes it is no longer subject to income tax examination for the years prior to 2014. Middle East and North Africa Program Services ANNUAL CONFERENCE 162805 East Asia and the Pacific Program Services ANNUAL CONFERENCE 134186 North America Program Services ANNUAL CONFERENCE 132012 429003 429003 false false false false false true true INSURANCE INDUSTRY CHARITABLE FOUNDATION 1999 AVENUE OF THE STARS LA CA 90067 201240972 501(C)(3) 6000 GENERAL SUPPORT 1 PART I, LINE 2: GRANTS ARE ACCOUNTED FOR IN THE GENERAL LEDGER AND MONITORED BY THE FINANCE DEPARTMENT. X X true true X X X X false false false MARY ROTH EXECUTIVE DIRECTOR/CEO 355618 0 35000 0 2064 0 23500 0 6113 0 422295 0 0 0 PAUL PIZIO VP - FINANCE AND ACCOUNTING 132434 0 10000 0 238 0 6080 0 9748 0 158500 0 0 0 ANNETTE HOMAN DEPUTY EXECUTIVE DIRECTOR/COO 202295 0 32000 0 690 0 6737 0 18091 0 259813 0 0 0 MARK PRYSOCK GENERAL COUNSEL 197132 0 17000 0 598 0 8035 0 21655 0 244420 0 0 0 MICHAEL PETERS VP - INFORMATION TECHNOLOGY 183525 0 15000 0 841 0 14028 0 9508 0 222902 0 0 0 NIKOLE TENBRINK VP - MARKETING 159645 0 23000 0 286 0 6652 0 15855 0 205438 0 0 0 CAROL FOX VP - STRATEGIC INITIATIVES 154546 0 19000 0 1898 0 14539 0 8194 0 198177 0 0 0 STUART RUFF VP - EVENTS 138566 0 21000 0 215 0 13376 0 7734 0 180891 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. FORM 990, PART III, LINE 4D: A) Professional Development - This department implements educational programs through online courses, workshops, webinars, course casts, Chapter events and in-company training. Online courses are offered through partnerships with vendors. It also administers the GRMI programs for the RIMS Fellow (RF) and the Canadian Risk Management (CRM) designations. B) Government Affairs - Government Affairs focuses on U.S. federal, state and Canadian federal and provincial legislative and regulatory issues that impact the risk management community. In addition, the department prepares witnesses and drafts testimony for members appearing before governmental and non-governmental bodies. It maintains a standing External Affairs Committee that is responsible for crafting RIMS position statements, composing letters to members of Congress, and establishing RIMS legislative priorities. Furthermore, it conducts lobbying at all levels of government through an assortment of strategies including the annual RIMS Legislative Summit, which brings risk managers to Washington, D.C. to further the agenda of the risk management community. The Government Affairs department maintains contact with its members throughout North America regarding all legislative development via the RIMS website, newsletters and e-mail alerts. RIMS incurred expenses of $366,016 related to lobbying activities. C) Member and Chapter Services - This department is responsible for maintaining, supporting, engaging and enlarging membership and chapter services activities. Administrative services and support are provided to RIMS 79 chapters, including leadership information, support of websites, development of resource materials, and provision of both traditional face-to-face and online training of Chapter officers. Other activities include the Student Advisor and International Committees, the RIMS online store, RIMS Career Center/Job Bank, RIMS Benchmark Survey and RIMS Compensation Survey. The development of tomorrows risk management leaders is essential. Member and Chapter Services contribute to this through various initiatives including the Rising Risk Professional Community, the RIMS Anita Benedetti Student Involvement Program, the RIMS Risk Challenge and the Student Resource Center. D) Strategic and Enterprise Risk Practice - This practice enlarges the value proposition for risk management as a strategic business discipline to encompass value creation and capture (the upside of uncertainty), as well as value protection (the downside of uncertainty). In leading new research and the development of innovative yet pragmatic strategic and operational risk practices that are applicable across all types of organizations, the practices main objective is to drive incremental and recurring revenue streams for RIMS by broadening its membership and delivering specific products and services that provide unique and practical value for its current and new members. The department serves as a "voice of the enterprise risk practitioner" for RIMs' other departments with respect to the content of conferences, publications, marketing, interviews, workshops, surveys, seminars, webinars, etc., and serves as an internal consultants for RIMS own ERM program. E) Membership Recruitment - This includes all member marketing, recruiting and retention expenses including membership packets, benefits brochures and the RIMS booth used during the Annual Conference & Exhibition. This area also reviews and monitors program goals for member recruitment and retention. 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.....$(11,469) 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