2016-10-18T14:05:35-05:00 2015-12-31 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2015-01-01 231352012 AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS % JEFFREY A SCHEIDT AMER 6106442100 720 PROVIDENCE ROAD MALVERN PA 193550716 JEFFREY A SCHEIDT TREASURER 6106442100 2016-10-18 true eric m mcneil P00460263 2673303000 2015 2017-02-10 21:41:12Z The Institutes PETER L MILLER 720 PROVIDENCE ROAD MALVERN PA 193550716 170310003 false X www.theinstitutes.org X 1942 PA EDUCATIONAL PRODUCTS AND SERVICES TO THE RISK MANAGEMENT AND INSURANCE INDUSTRY. 52 45 198 0 0 971992 770691 36934415 40942857 11146270 10064993 7504996 7633901 56557673 59412442 228975 297722 0 0 18711089 19358257 0 0 32145 24087698 24061752 43027762 43717731 13529911 15694711 213430603 220477040 10380620 10014191 203049983 210462849 X AS THE INDUSTRY'S TRUSTED KNOWLEDGE LEADER, THE INSTITUTES ARE COMMITTED TO MEETING THE EVOLVING EDUCATIONAL NEEDS OF THE RISK MANAGEMENT AND INSURANCE COMMUNITY. 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RETIREE HEALTH BENEFITS 815095 815095 48646665 -8316592 4600815 -3715777 52362442 7050000 7050000 59412442 42673339 42673339 1044392 1044392 43717731 FORM 990, SCHEDULE D, PART XI, LINE 2D REVENUES FROM AFFILIATES: $4,600,815 FORM 990, SCHEDULE D, PART XI, LINE 4B MANAGEMENT SERVICE AGREEMENT: $7,050,000 FORM 990, SCHEDULE D, PART XII, LINE 4B CONTRIBUTION TO AFFILIATE: $1,044,392 true Idaho State University Foundation 921 SOUTH 8TH AVE POCATELLO ID 83201 826013543 501(c)(3) 13901 FMV Adjunct professor Rio Salado College 2323 WEST 14TH ST TEMPE AZ 85281 860185552 501(c)(3) 7000 FMV Scholarship Fund St Johns River State College 5001 SAINT JOHNS AVE PALATKA FL 32177 237336585 501(c)(3) 15850 FMV Adjunct professor University of Missouri 8001 NATURAL BRIDGE RD ST LOUIS MO 63121 436003859 501(c)(3) 12000 FMV Adjunct professor 4 INTERNSHIPS 70 132271 FMV SCHOLARSHIPS 42 106500 FMV FORM 990, SCHEDULE I, PART I, LINE 2 The University (grant recipient) provides a follow-up report after funds have been distributed. The follow-up report is in the form of a survey to let us know how they were able to meet their goals, were they able to secure additional funding, how many students have been recruited, etc. This survey is compared against the application to ensure that funds are being spent as planned. X true true X X X X true true false false false false false true false PETER L MILLER PRESIDENT/CEO 595833 0 350000 0 828 0 92400 0 12996 0 1052057 0 0 0 JEFFREY A SCHEIDT TREASURER 205833 0 57000 0 1548 0 32683 0 2500 0 299564 0 0 0 ELIZABETH A SPRINKEL SENIOR VICE PRESIDENT 242800 0 70000 0 1548 0 38848 0 2500 0 355696 0 0 0 ANITA BOURKE EXECUTIVE VICE PRESIDENT 365350 0 134000 0 2712 0 42400 0 1250 0 545712 0 0 0 KEVIN BROWN SENIOR VICE PRESIDENT 198083 0 51000 0 1548 0 28722 0 2500 0 281853 0 0 0 ALEXANDER VANDEVERE SENIOR VICE PRESIDENT 124826 0 65000 0 44750 0 21992 0 2500 0 259068 0 0 0 EVERETT RANDALL SENIOR VICE PRESIDENT 179283 0 31530 0 2376 0 28685 0 2500 0 244374 0 0 0 MARY ANN COOK SENIOR VICE PRESIDENT 181208 0 31530 0 1548 0 28993 0 1250 0 244529 0 0 0 SUSAN KEARNEY SR. DIR. OF KNOW. RESOURCES 159999 0 28170 0 540 0 25599 0 2500 0 216808 0 0 0 ARTHUR FLITNER SR. DIR. OF KNOW. RESOURCES 154395 0 27440 0 2178 0 24703 0 2500 0 211216 0 0 0 DAVID THOMAS ASST. VICE PRESIDENT, SALES 114550 0 77066 0 540 0 18328 0 2500 0 212984 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 1A TRAVEL FOR COMPANIONS IS ALLOWED TO BOARD MEETINGS TWICE A YEAR. FORM 990, SCHEDULE J, PART I, LINE 3 INSTITUTES' BOARD OF TRUSTEES UTILIZES THE FOLLOWING PROCESS: THE COMPENSATION ARRANGEMENT MUST BE APPROVED BY THE APPROVAL BODY OF THE INSTITUTES COMPOSED ENTIRELY OF INDIVIDUALS WHO DON'T HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. IT ALSO MUST RELY ON COMPARABILITY DATA THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION IN QUESTION. THE APPROVAL BODY MUST DOCUMENT HOW IT REACHED ITS DECISIONS INCLUDING THE DATA ON WHICH IT RELIED. FORM 990, SCHEDULE J, PART I, LINE 4A DURING 2015, ALEXANDRE VANDEVERE RECEIVED A SEVERANCE PAYMENT OF $44,345. FORM 990, SCHEDULE J, PART I, LINE 4B PETER MILLER: $57,400 EMPLOYER CONTRIBUTION ELIZABETH SPRINKEL: $3,848 EMPLOYER CONTRIBUTION ANITA BOURKE: $7,400 EMPLOYER CONTRIBUTION FORM 990, SCHEDULE J, PART I, LINE 7 THE ORGANIZATION ACCRUES PAY FOR PERFORMANCE EXPENSE AND THE AMOUNTS ARE DETERMINED BASED ON THE PERFORMANCE REVIEWS RELATED TO MEETING CERTAIN GOALS OF THE INSTITUTES (INCLUDING REVENUE). LIBERTY MUTUAL GROUP INC SEE PART V 3154526 EDUCATIONAL MATERIALS/EXAMS false NATIONWIDE SEE PART V 558066 EDUCATIONAL MATERIALS/EXAMS false USAA SEE PART V 506126 EDUCATIONAL MATERIALS/EXAMS false FARMERS GROUP INC SEE PART V 443648 EDUCATIONAL MATERIALS/EXAMS false CINCINNATI INSURANCE CO SEE PART V 392808 EDUCATIONAL MATERIALS/EXAMS false ERIE INSURANCE GROUP SEE PART V 237389 EDUCATIONAL MATERIALS/EXAMS false ISOVERISK ANALYTICS SEE PART V 208253 EDUCATIONAL MATERIALS/EXAMS false FORM 990, SCHEDULE L, PART V FOR THE REPORTED BUSINESS TRANSACTIONS WITH INTERESTED PARTIES, IN EACH CASE, THE INTERESTED ENTITY IS A SUBSTANTIAL CONTRIBUTOR OF THE INSTITUTES. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF TRUSTEES FUNCTIONS BETWEEN MEETINGS THROUGH AN EXECUTIVE COMMITTEE WHICH HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD IN BETWEEN MEETINGS EXCEPT THAT THE EXECUTIVE COMMITTEE DOES NOT HAVE THE POWERS: TO 1) FILL VACANCIES IN THE BOARD OF TRUSTEES; 2) ADOPT, AMEND, OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS; OR 3) AMEND OR REPEAL ANY RESOLUTION ADOPTED BY THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A THIRD-PARTY ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT. THE FORM 990 WAS PROVIDED TO THE AUDIT AND ORGANIZATION AND COMPENSATION COMMITTEES OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTES' CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL TRUSTEES ON AN ANNUAL BASIS. TRUSTEES MUST COMPLETE AND RETURN THE DISCLOSURE FORM EACH YEAR. THE DISCLOSURE FORM IS REVIEWED BY THE CORPORATE SECRETARY FOR POTENTIAL CONFLICTS OF INTEREST. ADDITIONALLY, TRUSTEES ARE REMINDED OF THEIR DISCLOSURE OBLIGATIONS AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINES 15A AND 15B THE INSTITUTES' BOARD OF TRUSTEES UTILIZES THE FOLLOWING PROCESS: THE COMPENSATION ARRANGEMENT MUST BE APPROVED BY THE APPROVAL BODY OF THE INSTITUTES COMPOSED ENTIRELY OF INDIVIDUALS WHO DON'T HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. IT ALSO MUST RELY ON COMPARABILITY DATA THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION IN QUESTION. THE APPROVAL BODY MUST DOCUMENT HOW IT REACHED ITS DECISIONS INCLUDING THE DATA ON WHICH IT RELIED. FORM 990, PART VI, SECTION B, LINE 19 The organization's governing documents, conflicts of interest policy, and financial statements are available upon written request. FORM 990, PART XI, LINE 9 POST-RETIREMENT HEALTHCARE PLAN: 34,747 FORM 990, HEADING BOX C FICTITIOUS NAME REGISTRATIONS: THE INSTITUTES, AMERICAN INSTITUTE FOR CPCU, AICPCU, INSURANCE INSTITUTE OF AMERICA, IIA, INSURANCE INSTITUTE OF AMERICA, INC., AMERICAN INSTITUTE FOR PROPERTY & LIABILITY UNDERWRITERS, INC., CEU.COM, CPCU - LOMAN EDUCATION FOUNDATION, LOMAN FOUNDATION, CPCU HARRY J. LOMAN EDUCATION FOUNDATION, AND INSURANCE RESEARCH COUNCIL. SUGARTOWN HOLDINGS LLC 720 PROVIDENCE ROAD MALVERN PA 19355 201997621 HOLDING CO. PA 0 246092 AICPCU SOCIETY OF CHARTERED PROPERTY & CASUALTY 720 PROVIDENCE ROAD MALVERN PA 19355 231552247 MEMBER ASSOC. 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