2017-02-07T15:11:11-06:00 2016-08-31 420714325 RSM US LLP 751 ARBOR WAY SUITE 200 BLUE BELL PA 19422 990 2015-09-01 230892360 THE RISK MANAGEMENT ASSOCIATION RISK 2154464023 1801 MARKET STREET NO 300 PHILADELPHIA PA 191031628 HEIDI TURLEY CFO 2154464000 2017-02-07 1 CHRISTOPHER M PEKULA P00734965 2156418600 2017-02-07 2015 2021-01-29 14:40:06Z WILLIAM F GITHENS CRC 1801 MARKET STREET NO 300 PHILADELPHIA PA 191031628 25835630 0 X WWW.RMAHQ.ORG X 1921 PA RMA IS A MEMBER-DRIVEN PROFESSIONAL ASSOCIATION WHOSE SOLE PURPOSE IS TO ADVANCE SOUND RISK PRINCIPLES IN THE FINANCIAL SERVICES INDUSTRY. RMA HELPS OUR MEMBERS USE SOUND RISK PRINCIPLES TO IMPROVE INSTITUTIONAL PERFORMANCE AND FINANCIAL STABILITY, AND ENHANCE THE RISK COMPETENCY OF INDIVIDUALS THROUGH INFORMATION, EDUCATION, PEER SHARING, AND NETWORKING. 25 24 106 1000 128295 -2223 0 0 24673235 24260853 2060717 1574777 0 0 26733952 25835630 5500000 500000 0 0 12662343 12076612 0 0 0 12944989 11929703 31107332 24506315 -4373380 1329315 39262453 39702707 22684532 21580969 16577921 18121738 X RMA IS A MEMBER-DRIVEN PROFESSIONAL ASSOCIATION WHOSE SOLE PURPOSE IS TO ADVANCE SOUND RISK PRINCIPLES IN THE FINANCIAL SERVICES INDUSTRY.RMA HELPS OUR MEMBERS USE SOUND RISK PRINCIPLES TO IMPROVE INSTITUTIONAL PERFORMANCE AND FINANCIAL STABILITY, AND ENHANCE THE RISK COMPETENCY OF INDIVIDUALS THROUGH INFORMATION, EDUCATION, PEER SHARING, AND NETWORKING. 0 0 WEB-BASED TRAINING PRODUCTS TRAINING EVENTS - SEMINARS SPONSORED AT VARIOUS DOMESTIC AND INTERNATIONAL LOCATIONS THROUGHOUT THE YEAR. CONFERENCES AND ROUND TABLES - CREDIT RISK, OPERATIONAL RISK, MARKET RISK, ENTERPRISE RISK AND SECURITIES LENDING CONFERENCES AND PEER SHARING MEETINGS HELD EACH YEAR. PUBLICATIONS - CREDIT RISK, COMMERCIAL BANKING, MARKET RISK, ENTERPRISE RISK MANAGEMENT, OPERATIONAL RISK AND SECURITIES LENDING PUBLICATIONS, NEWSLETTERS AND MONTHLY MAGAZINES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 94 0 1 106 1 1 1 1 UK 0 0 0 0 X 25 24 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X VIRA RILEY CONTROLLER 2154464040 1801 MARKET STREET STE 300 PHILADELPHIA PA 19103 WILLIAM F GITHENS CRC MEMBER 40.00 X X 773419 0 267378 NANCY J FOSTER IMMEDIATE PAST CHAIR 2.00 X 0 0 0 ROBERT R MESSER DIRECTOR 2.00 X 0 0 0 KAREN BJELLAND DIRECTOR 2.00 X 0 0 0 J TOL BROOME JR CRC CHAIR 2.00 X 0 0 0 HELGA HOUSTON VICE CHAIR 2.00 X 0 0 0 EDWARD P SCHREIBER DIRECTOR 2.00 X 0 0 0 JASON P STROFS CFA DIRECTOR 2.00 X 0 0 0 TERRIE L MCQUILLEN DIRECTOR 2.00 X 0 0 0 MARK W MIDKIFF DIRECTOR 2.00 X 0 0 0 STEPHEN PHILLIPS CPA DIRECTOR 2.00 X 0 0 0 DONALD K TRUSLOW DIRECTOR 2.00 X 0 0 0 KEVIN D ODEN DIRECTOR 2.00 X 0 0 0 SPYRO KARETSOS DIRECTOR 2.00 X 0 0 0 P EMERY COVINGTON DIRECTOR 2.00 X 0 0 0 EDWARD B POLLOCK DIRECTOR 2.00 X 0 0 0 H LYNN HARTON DIRECTOR 2.00 X 0 0 0 MARK D MATTSON DIRECTOR 2.00 X 0 0 0 MEG R MUELLER DIRECTOR 2.00 X 0 0 0 DAVID OMAN DIRECTOR 2.00 X 0 0 0 PAUL W PARKER DIRECTOR 2.00 X 0 0 0 SURIJIT RAJPAL DIRECTOR 2.00 X 0 0 0 THOMAS E FREEMAN DIRECTOR 2.00 X 0 0 0 C MATTHEW LUSCO DIRECTOR 2.00 X 0 0 0 AMANDA NORTON DIRECTOR 2.00 X 0 0 0 EDWARD DEMARCO SECRETARY 40.00 X 413153 0 129046 DWIGHT OVERTURF TREASURER 40.00 X 225891 0 81577 HEIDI TURLEY TREASURER 40.00 X 158283 0 27368 MARK A ZMIEWSKI DIRECTOR 40.00 X 234943 0 102534 CYNTHIA L MCBRIDE DIRECTOR 40.00 X 234973 0 79034 MARK SHAFER DIRECTOR 40.00 X 227391 0 96905 LINDA O'LOUGHLIN DIRECTOR 40.00 X 227405 0 82744 JACK HARCOURT DIRECTOR 40.00 X 256420 0 66676 FRANK MCSHAY DIRECTOR 40.00 X 163637 0 62260 WILLIAM LOFTUS DIRECTOR 40.00 X 225133 0 90283 FRANCIS GARRITT DIRECTOR 40.00 X 160735 0 76035 JOHN P BAIER MANAGER 40.00 X 152851 0 23516 WILLIAM TRUSCOTT MANAGER 40.00 X 138570 0 42433 LAURIE A FOSTER MANAGER 40.00 X 162747 0 32501 LAURA W RIDNER MANAGER 40.00 X 137441 0 30400 THOMAS HOLBIK MANAGER 40.00 X 144702 0 21987 4037694 0 1312677 21 0 1 0 PERSONIFY INC 13450 SUNRISE VALLEY DR HERNDON VA 20171 CONSULTING SERVICES 728020 BRIGHTFIND 1010 WAYNE AVE STE 800 SILVER SPRINGS MD 20910 CONSULTING SERVICES 440504 XEROX CORPORATION PO BOX 802555 CHICAGO IL 60680 PRINTING SERVICES 424038 ALLEN COMMUNICATION 55 WEST 900 SOUTH SALT LAKE CITY UT 84101 CONSULTING SERVICES 387227 IBIS WORLD INC 11755 WILSHIRE BLVD LOS ANGELES CA 90025 CONSULTING SERVICES 354766 30 MEMBERSHIP DUES 900099 8723553 8723553 CONFERENCES AND EVENTS 900099 7821811 7821811 PUBLICATIONS 541800 7215771 7087563 128208 ASSOCIATION PRODUCTS 900099 499718 499718 24260853 1394220 1394220 180557 0 180557 180557 87 180470 25835630 24132645 128295 1574690 500000 3337130 4238428 937344 3022959 540751 33802 65525 1863279 432866 1110266 1605362 1819358 863798 1244678 2446839 2320 254497 124444 PROFESSIONAL DEVELOPMEN 48874 LICENSES 8235 PROFESSIONAL DUES/ASSOC 5560 24506315 792730 870438 5242037 4497999 1707415 1516950 39636 25224 990400 464547 3524916 2398262 495400 1126654 29994835 31200895 39262453 39702707 7045202 7419505 10025710 10100808 5613620 4060656 22684532 21580969 X 16577921 18121738 16577921 18121738 39262453 39702707 1329315 214502 0 X X 0 1 X 1 0 580407 228364 352043 2944509 2169898 774611 1126654 UNAPPLIED CASH COLLECTION & ACCOUNTS RECEIVABLE CREDITS 80656 CONTRIBUTION PAYABLE TO RMA FOUNDATION 3980000 4060656 X 26050132 214502 214502 25835630 0 25835630 24506315 0 24506315 0 24506315 PART X, LINE 2: RMA HAS QUALIFIED FOR TAX EXEMPTION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND THE FOUNDATION HAS QUALIFIED FOR TAX EXEMPTIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO FEDERAL INCOME TAX ON UNRELATED BUSINESS EARNINGS. THE ORGANIZATION HAD NO FEDERAL UNRELATED BUSINESS INCOME TAX EXPENSE FOR THE YEARS ENDED AUGUST 31, 2016 AND 2015. UNDER FASB GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS ENDING BEFORE AUGUST 31, 2013. EAST ASIA AND THE PACIFIC PROGRAM SERVICES CONFERENCES, TRAINING EVENTS AND PUBLICATIONS 306061 EUROPE PROGRAM SERVICES CONFERENCES, TRAINING EVENTS AND PUBLICATIONS 223473 0 0 0 0 0 0 529534 0 529534 0 0 0 0 0 0 1 RISK MANAGEMENT ASSOCIATION FOUNDATION 1801 MARKET ST STE 300 PHILADELPHIA PA 19103 473078149 501(C)(3) 500000 GENERAL CONTRIBUTIONS 1 PART I, LINE 2: DIRECTORS FOR THE RMA FOUNDATION ARE APPOINTED BY THE SOLE MEMBER, THE RISK MANAGEMENT ASSOCIATION. ADDITIONALLY, THREE OF THE FOUR OFFICERS OF THE RMA FOUNDATION ARE ALSO OFFICERS OF THE RISK MANAGEMENT ASSOCIATION. THIS OVERLAP OF OFFICERS ALLOWS FOR CLOSE MONITORING OF BOTH ORGANIZATIONS. X X X 0 1 0 WILLIAM F GITHENS CRC MEMBER 391561 0 375000 0 6858 0 235685 0 31693 0 1040797 0 0 0 EDWARD DEMARCO SECRETARY 287187 0 125000 0 966 0 102578 0 26468 0 542199 0 0 0 DWIGHT OVERTURF TREASURER 123576 0 100000 0 2315 0 66883 0 14694 0 307468 0 0 0 HEIDI TURLEY TREASURER 122992 0 35000 0 291 0 25000 0 2368 0 185651 0 0 0 MARK A ZMIEWSKI DIRECTOR 158899 0 75000 0 1044 0 81103 0 21431 0 337477 0 0 0 CYNTHIA L MCBRIDE DIRECTOR 184595 0 50000 0 378 0 68553 0 10481 0 314007 0 0 0 MARK SHAFER DIRECTOR 159619 0 65000 0 2772 0 67370 0 29535 0 324296 0 0 0 LINDA O'LOUGHLIN DIRECTOR 149633 0 75000 0 2772 0 66450 0 16294 0 310149 0 0 0 JACK HARCOURT DIRECTOR 193648 0 60000 0 2772 0 64970 0 1706 0 323096 0 0 0 FRANK MCSHAY DIRECTOR 122746 0 40000 0 891 0 53695 0 8565 0 225897 0 0 0 WILLIAM LOFTUS DIRECTOR 159167 0 65000 0 966 0 66391 0 23892 0 315416 0 0 0 FRANCIS GARRITT DIRECTOR 115153 0 45000 0 582 0 50730 0 25305 0 236770 0 0 0 JOHN P BAIER MANAGER 140027 0 12000 0 824 0 16242 0 7274 0 176367 0 0 0 WILLIAM TRUSCOTT MANAGER 131834 0 6000 0 736 0 21310 0 21123 0 181003 0 0 0 LAURIE A FOSTER MANAGER 155254 0 6000 0 1493 0 23723 0 8778 0 195248 0 0 0 LAURA W RIDNER MANAGER 128499 0 8500 0 442 0 16717 0 13683 0 167841 0 0 0 THOMAS HOLBIK MANAGER 138079 0 5000 0 1623 0 6667 0 15320 0 166689 0 0 0 PART I, LINE 4B WILLIAM F. GITHENS - $150,000 EDWARD DEMARCO - $70,000 HEIDI TURLEY- $25,000 JACK HARCOURT - $40,000 MARK A. ZMIEWSKI - $40,000 CYNTHIA L. MCBRIDE - $40,000 MARK SHAFER - $40,000 LINDA O'LOUGHLIN - $40,000 WILLIAM LOFTUS - $40,000 FRANCIS GARRITT - $30,000 FRANK MCSHAY - $30,000 FORM 990, PART VI, SECTION A, LINE 6 CLASSES A. INSTITUTIONAL MEMBERS. B. INDIVIDUAL MEMBERS PRIVILEGES OF MEMBERSHIP A. INSTITUTIONAL MEMBERS - VOTING. INSTITUTIONAL MEMBERS SHALL BE ENTITLED TO ONE VOTE AT EVERY MEETING OF INSTITUTIONAL MEMBERS B. PRIVILEGES OF INDIVIDUAL MEMBERS. INDIVIDUAL MEMBERS SHALL BE ENTITLED TO ATTEND MEETINGS; TO HOLD ELECTIVE OR APPOINTIVE OFFICE; TO SERVE ON COUNCILS AND COMMITTEES; TO RECEIVE COMMUNICATIONS, INFORMATION AND SELECTED PUBLICATIONS DISSEMINATED BY THE HEADQUARTERS OFFICE; AND TO ENJOY ALL OTHER RIGHTS PRIVILEGES OF ASSOCIATION MEMBERSHIP, EXCEPT NO ASSOCIATE OR OTHER INDIVIDUAL MEMBER SHALL HAVE ANY PERSONAL RIGHT TO VOTE. FORM 990, PART VI, SECTION A, LINE 7A CLASSES A. INSTITUTIONAL MEMBERS. B. INDIVIDUAL MEMBERS PRIVILEGES OF MEMBERSHIP A. INSTITUTIONAL MEMBERS - VOTING. INSTITUTIONAL MEMBERS SHALL BE ENTITLED TO ONE VOTE AT EVERY MEETING OF INSTITUTIONAL MEMBERS B. PRIVILEGES OF INDIVIDUAL MEMBERS. INDIVIDUAL MEMBERS SHALL BE ENTITLED TO ATTEND MEETINGS; TO HOLD ELECTIVE OR APPOINTIVE OFFICE; TO SERVE ON COUNCILS AND COMMITTEES; TO RECEIVE COMMUNICATIONS, INFORMATION AND SELECTED PUBLICATIONS DISSEMINATED BY THE HEADQUARTERS OFFICE; AND TO ENJOY ALL OTHER RIGHTS PRIVILEGES OF ASSOCIATION MEMBERSHIP, EXCEPT NO ASSOCIATE OR OTHER INDIVIDUAL MEMBER SHALL HAVE ANY PERSONAL RIGHT TO VOTE. FORM 990, PART VI, SECTION A, LINE 7B ANY GOVERNANCE DECISIONS ARE REFERRED TO THE GOVERNING BODY WITH THE EXCEPTION OF CHANGES TO THE BY-LAWS, WHICH WOULD GO OUT OT THE FULL MEMBERSHIP FOR VOTE FORM 990, PART VI, SECTION B, LINE 11 CONTROLLER REVIEWS/APPROVES THE EXTERNALLY PREPARED FORM 990 AND FORWARDS IT TO CFO-TREASURER. AFTER THE CFO REVIEWS/APPROVES IT, THE 990 IS FORWARDED TO CEO FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY'S ETHICS AND CONFLICT OF INTEREST POLICY IS AVAILABLE TO ALL STAFF MEMBERS IN BOTH PAPER AND ELECTRONIC VERSION. ALL NEW EMPLOYEES ARE GIVEN A PAPER VERSION OF ALL POLICIES AND SIGN THAT THEY HAVE RECEIVED THOSE. THE ETHICS AND CONFLICT OF INTEREST POLICY PRECLUDES STAFF FROM ACCEPTING ANY GIFT IN EXCESS OF A $50 VALUE. SINCE THIS IS THE AREA THAT IS MOST LIKELY TO BE CONFRONTED IN THE CONTEXT OF STAFF PERFORMING THEIR DUTIES, THE CEO REGULARLY REMINDS STAFF OF THE POLICY. THESE REMINDERS ARE TIMED TO COINCIDE WITH HOLIDAYS AND WITH TIMES WHEN THE COMPANY IS PURCHASING A LARGE AMOUNT OF SERVICES/PRODUCT FROM ITS VENDORS. THE ETHICS AND CONFLICT OF INTEREST POLICY ALSO REQUIRES THAT EACH STAFF MEMBER SHALL MAKE PROMPT AND FULL DISCLOSURE IN WRITING TO THEIR MANAGER/SUPERVISOR OF ANY POTENTIAL SITUATION WHICH MAY INVOLVE A CONFLICT OF INTEREST. THESE SITUATIONS INCLUDE THE FOLLOWING: OWNERSHIP BY A STAFF MEMBER OR BY A MEMBER OF THEIR FAMILY OF A SIGNIFICANT INTEREST IN ANY OUTSIDE ENTERPRISE WHICH DOES OR SEEKS TO DO BUSINESS WITH OR IS A COMPETITOR OF THE ASSOCIATION: SERVING AS A DIRECTOR, OFFICER, PARTNER, CONSULTANT, OR IN A MANAGERIAL OR TECHNICAL CAPACITY WITH AN OUTSIDE ENTERPRISE WHICH DOES OR IS SEEKING TO DO BUSINESS WITH OR IS A COMPETITOR OF THE ASSOCIATION. EXCEPTIONS TO THIS CAN BE APPROVED BY THE CHIEF EXECUTIVE OFFICER OF RMA. NO REQUESTS FOR EXCEPTIONS HAVE BEEN APPROVED BY THE CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AT A SPECIAL MEETING CONVENED ANNUALLY IN AUGUST. COMPARABILITY DATA IS MADE AVAILABLE TO THE COMMITTEE WHICH INCLUDES 990 REPORTED INFORMATION FOR OTHER ASSOCIATIONS THAT SERVE THE INDUSTRY. NO MEMBER OF THE MEMBERS DELIBERATING ON CEO COMPENSATION IS COMPENSATED FOR SERVING ON THE BOARD OR ITS SUBCOMMITTEE. THE MEMBERS REVIEW AND APPROVE CEO COMPENSATION INDEPENDENT OF THE CEO. THE DIRECTOR OF ORGANIZATIONAL DEVELOPMENT IS PRESENT FOR THE REVIEW AND APPROVAL AND SUBSEQUENTLY IS AUTHORIZED IN WRITING TO EFFECT ANY COMPENSATION ACTIONS. THE CHAIR OF THE BOARD OF DIRECTORS COMMUNICATES COMPENSATION ACTIONS TO THE CEO. THE MEETING OF THE EXECUTIVE COMMITTEE AND ANY DECISION TO EFFECT A CHANGE IN COMPENSATION IS SUBSTANTIATED CONTEMPORANEOUSLY BOTH IN A COMMUNICATION SIGNED BY THE CHAIR AND SENT TO THE DIRECTOR OF ORGANIZATIONAL DEVELOPMENT AND FURTHER DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS' MINUTES. THE CEO DETERMINES AND APPROVES COMPENSATION FOR KEY EMPLOYEES WHO REPORT DIRECTLY TO HIM. COMPENSATION IS WITHIN THE GUIDELINES APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE ANNUAL BUDGET. ANNUALLY THE ORGANIZATION DETERMINES ITS MERIT INCREASE POOL WHICH IS EXPRESSED AS A RANGE OF PERCENTAGES OF SALARY AND IS ADMINISTERED AS A PAY FOR PERFORMANCE COMPENSATION PHILOSOPHY. THE CEO APPORTIONS THE MERIT INCREASE POOL ACCORDING TO RELATIVE PERFORMANCE CONTRIBUTIONS AND TAKING INTO CONSIDERATION WHERE THE INDIVIDUAL IS CURRENTLY COMPENSATED WITHIN HIS/HER SALARY RANGE. THE CEO PROVIDES THE TOTAL COMPENSATION FOR EACH OF THE KEY EMPLOYEES TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW EACH AUGUST. THE COMPANY'S SALARY RANGES ARE DETERMINED AND SET BASED ON COMPARABLE SALARIES IN THE INDUSTRY SERVED, NONPROFIT ORGANIZATIONS AND GEOGRAPHIC LOCATION. THE SALARY RANGES FOR POSITIONS ARE BENCHMARKED PERIODICALLY BY AN INDEPENDENT THIRD-PARTY. THE BENCHMARKING CONSIDERS COMPARABLE POSITIONS IN THE INDUSTRY SERVED, NONPROFIT ORGANIZATIONS AND GEOGRAPHIC LOCATION. ALL KEY EMPLOYEE POSITIONS ARE ASSIGNED A SALARY GRADE AND EACH SALARY GRADE HAS A MINIMUM AND MAXIMUM SALARY ASSOCIATED WITH IT. FORM 990, PART VI, SECTION C, LINE 19 RMA GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE POSTED ON THE RMA WEBSITE AND COPIES ARE PROVIDED UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, ITEM K THE RISK MANAGEMENT ASSOCIATION WAS ORIGINALLY ESTABLISHED AS AN ASSOCIATION IN 1914. THE RISK MANAGEMENT ASSOCIATION WAS LATER INCORPORATED IN 1921. THE RISK MANAGEMENT ASSOCIATION FOUNDATION 1801 MARKET STREET SUITE 300 PHILADELPHIA PA 19103 473078149 EDUCATION IN FIANANCIAL SERVICES SECTOR PA 501(C)(3) PF THE RISK MANAGEMENT ASSOCIATION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE RISK MANAGEMENT ASSOCIATION FOUNDATION B 3980000 CASH