2015-01-21T13:45:26-06:00 2014-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2013-07-01 582159813 GEORGIA SCHOOL BOARDS ASSOCIATION RISK MANAGEMENT FUND GEOR 7709622985 5120 SUGARLOAF PARKWAY LAWRENCEVILLE GA 30043 JEANNIE M HENRY SECRETARY/TREASURER 7709622985 2015-01-13 1 ALEISA HOWELL P00936721 7709558600 2015-01-13 X 2013 2016-02-25 16:41:14Z JEANNIE M HENRY 5120 SUGARLOAF PARKWAY LAWRENCEVILLE GA 30043 34831870 0 X WWW.GSBA.COM X INTERLOCAL RISK MANAGEMENT AGENCY 1994 GA SEE SCHEDULE O FOR COMPLETE DESCRIPTION.THE MISSION OF THE GSBA RISK MANAGEMENT FUND IS TO PARTNER WITH LOCALSCHOOL SYSTEMS TO PROTECT ASSETS AND MINIMIZE LOSSES THROUGH SUPERIORCUSTOMIZED ALTERNATIVES TO TRADITIONAL INSURANCE WHILE MAINTAININGFINANCIAL INTEGRITY. 9 9 0 10 0 0 0 0 17426017 18761185 553940 501987 0 0 17979957 19263172 0 0 0 0 0 0 0 0 0 12875798 18151190 12875798 18151190 5104159 1111982 27791547 29969216 12697622 13334609 15093925 16634607 X THE MISSION OF THE GSBA RISK MANAGEMENT FUND IS TO PARTNER WITH LOCALSCHOOL SYSTEMS TO PROTECT ASSETS AND MINIMIZE LOSSES THROUGH SUPERIORCUSTOMIZED ALTERNATIVES TO TRADITIONAL INSURANCE WHILE MAINTAININGFINANCIAL INTEGRITY. 0 0 16998711 18761185 DEVELOP, IMPLEMENT, ADMINISTER AND MAINTAIN A PROGRAM OF PROPERTY ANDLIABILITY SELF-INSURANCE FOR ITS MEMBER ORGANIZATIONS.GSBA RISK MANAGEMENT FUND OFFERS PROTECTION THROUGH ITS GROUP-SELF-INSURANCE PLANS FOR PROPERTY AND LIABILITY RISKS. THE ORGANIZATION PARTNERS WITH GEORGIA PUBLIC SCHOOL SYSTEMS AND GOES FAR BEYOND THE NORMAL SERVICE FROM A COMMERCIAL INSURANCE BROKER. THE STAFF BUILDS RELATIONSHIPS WITH ITS MEMBERS AND PROVIDES TRAINING AND INFORMATION TO ASSIST MEMBERS IN SUCCESSFULLY MANAGING THEIR RISKS. THE FUND DELIVERS PERSONAL SUPPORT TO ITS MEMBERS AT THE HIGHEST PROFESSIONAL LEVEL AS NEEDED FOR ALL LIABILITY AND PROPERTY INSURANCE RELATED SERVICES. A TEAM OF RISK MANAGEMENT STAFF AND CONSULTANTS ARE IN PLACE TO ASSIST MEMBERS IN MINIMIZING LOSS EXPOSURES, INJURIES, AND DAMAGES THROUGH RISK IDENTIFICATION, ASSESSMENT, PLANNING, PHYSICAL INSPECTIONS, RESEARCH AND OTHER SPECIAL STATE-WIDE INITIATIVES AND MEETINGS ORIENTED TO PUBLIC SCHOOLS AND EDUCATION 16998711 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 14 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X MARK WILLIS 7709622985 5120 SUGARLOAF PARKWAY LAWRENCEVILLE GA 30043 VERNON PAYNE CHAIRMAN 0.50 1.00 X X 0 0 0 SHARON ADAMS DIRECTOR 0.50 X 0 0 0 REBECCA MCCLAIN DIRECTOR 0.50 X 0 0 0 CHRIS ERWIN DIRECTOR 0.50 X 0 0 0 REGINA BUCCAFUSCO DIRECTOR 0.50 X 0 0 0 SAMMIE KNIGHT DIRECTOR 0.50 X 0 0 0 HOWARD MANN DIRECTOR 0.50 X 0 0 0 RUTH O'DELL DIRECTOR 0.50 X 0 0 0 RONALD HOPKINS DIRECTOR 0.50 1.00 X 0 0 0 CURTIS JONES DIRECTOR 0.50 X 0 0 0 JEANNIE M HENRY SECRETARY/TREASURER 4.00 40.00 X 0 214722 32379 0 214722 32379 0 0 1 0 GEORGIA SCHOOL BOARDS ASSOCATION 5120 SUGARLOAF PKWY LAWRENCEVILLE GA 30043 MANAGEMENT, UNDERWRITING, CLAIMS, AND OT 1656438 CHARTER RESTORATION LLC 3080 PREMIER PARKWAY STE 100 DULUTH GA 30097 PROPERTY RESTORATION SERVICES 1170699 BELFOR USA GROUP INC 3505 NEWPOINT PLACE STE 475 LAWRENCEVILLE GA 30043 PROPERTY RESTORATION SERVICES 729279 MARSH INC PO BOX 100357 ATLANTA GA 30384 BROKERAGE & UNDERWRITING FEES 686547 WELLS FARGO INSURANCE SERVICES 4401 NORTHSIDE PARKWAY NW ATLANTA GA 30384 CONSULTING FEES 125000 8 FUND CONTRIBUTIONS 525100 18761185 18761185 18761185 323190 323190 15747495 15568698 178797 178797 178797 19263172 18761185 0 501987 628092 628092 8500 8500 11846 11846 67582 67582 1048701 1048701 2013 2013 68000 68000 2833 2833 18347 18347 ESTIMATED & INCURRED CL 8348949 8348949 EXCESS INSURANCE EXPENS 6641745 6641745 CLAIMS ADMINISTRATION 602067 602067 MEMBERSHIP DEVELOPMENT 345266 345266 357249 357249 18151190 16998711 1152479 0 511638 338807 9485571 11465141 294997 155373 557109 548058 16297606 16926363 644626 535474 27791547 29969216 168995 30298 12280 30159 12516347 13274152 12697622 13334609 X 15093925 16634607 15093925 16634607 27791547 29969216 1111982 428700 0 X X 0 1 X 1 0 X X X 0 0 0 GEORGIA SCHOOL BOARDS ASSOCIATION INC 581077259 9 0 1 1 0 1 0 0 CLAIMS RESERVE 12791648 UNALLOCATED LAE RESERVES 482504 13274152 X 19691872 428700 428700 19263172 0 19263172 18151190 0 18151190 0 18151190 PART X, LINE 2: THE AGENCY IS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE AGENCY IS SUBJECT TO TAX ON INCOME THAT IS NOT RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES IT HAS NOT TAKEN AN UNCERTAIN TAX POSITION. WHILE THE AGENCYS TAX RETURNS HAVE NOT BEEN EXAMINED BY THE INTERNAL REVENUE SERVICE, ITS RETURNS ARE GENERALLY SUBJECT TO EXAMINATION FOR A PERIOD OF THREE YEARS AFTER THEY ARE FILED. 0 0 0 0 0 0 0 0 0 JEANNIE M HENRY SECRETARY/TREASURER 0 204388 0 5261 0 5073 0 21630 0 10749 0 247101 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE GEORGIA SCHOOL BOARDS ASSOCIATION RISK MANAGEMENT FUND, (THE "FUND") HAS CONTRACTED WITH A RELATED ENTITY, THE GEORGIA SCHOOL BOARDS ASSOCIATION, INC. (THE "ASSOCIATION"), TO PROVIDE ADMINISTRATIVE SERVICES TO THE FUND. ADMINISTRATIVE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, USE OF THE ASSOCIATION'S NAME, OFFICE, STAFF, OVERHEAD ITEMS AND RELATED EXPENSES TO CARRY OUT THE DAY-TO-DAY OPERATIONS OF THE FUND. THE ASSOCIATION ALSO PROVIDES VARIOUS CLAIMS, MARKETING/MEMBER DEVELOPMENT, UNDERWRITING, AND RISK IMPROVEMENT SERVICES TO MEMBERS OF THE FUND. JEANNIE M. HENRY, OFFICER FOR THE FUND WAS COMPENSATED BY THE ASSOCIATION. THE COMPENSATION IS REPORTED IN PART VII. FORM 990, PART VI, SECTION A, LINE 6 GEORGIA SCHOOL BOARDS ASSOCIATION, INC. AND SEVERAL SCHOOL SYSTEMS IN THE STATE OF GEORGIA ARE MEMBERS OF THE GEORGIA SCHOOL BOARDS ASSOCIATION RISK MANAGEMENT FUND. DURING THE YEAR ENDED 6.30.14 THERE WERE 86 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A TRUSTEES ARE ELECTED BY THE MEMBERS OF THE FUND, UNLESS A VACANCY OCCURS DURING THE TERM, IN WHICH CASE THE EXECUTIVE DIRECTOR OF GEORGIA SCHOOL BOARDS ASSOCIATION, INC., WITH INPUT FROM OTHERS, RECOMMENDS INDIVIDUALS FOR THE VACANT TRUSTEE POSITION AND THE EXISTING TRUSTEES VOTE TO ELECT. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE CONTROLLER, EXECUTIVE DIRECTOR AND THE ASSISTANT EXECUTIVE DIRECTOR OF GEORGIA SCHOOL BOARDS ASSOCIATION, INC. AND POSTED FOR TRUSTEE REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD OF TRUSTEES WILL SUBMIT AN ANNUAL REPORT ON A FORM PROVIDED BY THE FUND TO IDENTIFY ANY POTENTIAL CONFLICTS. THE FORMS WILL BE REVIEWED BY THE EXECUTIVE COMMITTEE WHICH WILL DISCUSS ANY POTENTIAL CONFLICT WITH THE INDIVIDUAL TRUSTEE AND, IF NECESSARY, REFER ANY ISSUE OF POTENTIAL VIOLATION OF THE POLICY TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE FUND HAS NO EMPLOYEES BUT THE BOARD DOES APPROVE MANAGEMENT FEES PAID TO GEORGIA SCHOOL BOARDS ASSOCIATION, INC. WHICH PROVIDES MANAGEMENT SERVICES FOR THE FUND. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. FORM 990 PART XII LINE 2C THE ORGANIZATION UTILIZES A JOINT AUDIT COMMITTEE WITH THE GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS COMPENSATION FUND FOR THE PURPOSE OF EVALUATING EXTERNAL AUDITOR RELATIONSHIP AND COMMUNICATING WITH OUR AUDITORS. THE AUDIT COMMITTEE IS A JOINT GSBA WORKERS' COMPENSATION FUND/GSBA RISK MANAGEMENT FUND COMMITTEE THAT SERVES AS A TRUSTEES' POINT OF CONTACT FOR THE FINANCIAL AUDITORS. IN ADDITION, THE COMMITTEE MAY ALSO: -PERIODICALLY REVIEW AUDITOR RELATIONSHIP -RESOLVE DISAGREEMENTS BETWEEN MANAGEMENT AND THE AUDITORS REGARDING FINANCIAL REPORTING -RECEIVE AUDIT REPORTS FROM THE AUDITORS THE ORGANIZATION CONTINUES TO USE THE SERVICES OF THE SAME AUDITING FIRM THAT WAS AWARDED THE AUDIT BID PREVIOUSLY. THERE HAVE BEEN NO CHANGES TO THE AUDIT AND FINANCIAL STATEMENT OVERSIGHT PROCESS. GEORGIA SCHOOL BOARD ASSOCIATION INC 5120 SUGARLOAF PARKWAY LAWRENCEVILLE GA 30043 581077259 PROVIDES LEADERSHIP, ADVOCACY AND SERVICES TO LOCAL SCHOOL SYSTEMS. GA 501(C)(3) LINE 9 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 GEORGIA SCHOOL BOARDS ASSOCIATION INC M