2015-10-05T13:58:56-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2014-01-01 362138427 MILLION DOLLAR ROUND TABLE MILL 8476926378 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 STEPHEN P STAHR CEO 8476926378 2015-10-01 1 GREGORY S ADAMS P00095597 6305738600 2014 2016-03-07 17:11:31Z STEPHEN P STAHR 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 70795346 0 X WWW.MDRT.ORG X 1969 IL THE MISSION OF THE MILLION DOLLAR ROUND TABLE IS TO BE A VALUED MEMBER-DRIVEN INTERNATIONAL NETWORK OF LEADING INSURANCE AND INVESTMENT FINANCIAL SERVICE PROFESSIONALS WHO SERVE THEIR CLIENTS BY EXEMPLARY PERFORMANCE AND THE HIGHEST STANDARD OF ETHICS, KNOWLEDGE, SERVICE, AND PRODUCTIVITY. 5 0 93 1394 0 0 0 0 31081420 35218807 1683892 2814128 105975 203092 32871287 38236027 757353 1280059 0 0 8579600 9144081 0 0 0 18887250 20180548 28224203 30604688 4647084 7631339 51416529 57217305 8313605 10428627 43102924 46788678 X THE MISSION OF THE MILLION DOLLAR ROUND TABLE IS TO BE A VALUED MEMBER-DRIVEN INTERNATIONAL NETWORK OF LEADING INSURANCE AND INVESTMENT FINANCIAL SERVICE PROFESSIONALS WHO SERVE THEIR CLIENTS BY EXEMPLARY PERFORMANCE AND THE HIGHEST STANDARD OF ETHICS, KNOWLEDGE, SERVICE, AND PRODUCTIVITY. 0 0 MILLION DOLLAR ROUND TABLE ANNUAL MEETING - MEMBERS ATTEND A FOUR DAY MEETING OF EDUCATIONAL AND MOTIVATIONAL PROGRAMMING TO BENEFIT THE CAREERS OF INSURANCE AND FINANCIAL SERVICE PROFESSIONALS. MILLION DOLLAR ROUND TABLE - MDRT EXPERIENCE MEETING - MEMBERS AND NON-MEMBERS ATTENDED A THREE DAY MEETING OF EDUCATIONAL AND MOTIVATIONAL PROGRAMMING TO BENEFIT THE CAREERS OF INSURANCE AND FINANCIAL SERVICE PROFESSIONALS. MILLION DOLLAR ROUND TABLE TOP OF THE TABLE MEETING - MEMBERS ATTEND A THREE DAY MEETING OF EDUCATIONAL AND MOTIVATIONAL PROGRAMMING TO BENEFIT THE CAREERS OF INSURANCE AND FINANCIAL SERVICE PROFESSIONALS. 0 0 0 1 0 0 0 0 0 1 1 0 1 1 1 1 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 69 0 93 1 0 0 0 0 0 0 X 5 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X LAURA MCGRADY 8476926378 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 D SCOTT BRENNAN PAST PRESIDENT 5.00 0.00 X X 38444 0 0 MICHELLE L HOESLY PAST PRESIDENT 10.00 0.00 X X 101012 0 0 CAROLINE A BANKS PRESIDENT 10.00 0.00 X X 68317 0 0 BRIAN HECKERT VICE PRESIDENT 5.00 0.00 X X 84121 0 0 MARK HANNA VICE PRESIDENT 5.00 0.00 X X 81941 0 0 JAMES PITTMAN SECRETARY 5.00 0.00 X X 23509 0 0 STEPHEN P STAHR CEO 50.00 0.00 X 369274 0 123765 LAURA MCGRADY DIRECTOR OF FINANCE 40.00 10.00 X 117755 0 26359 RAYMOND J KOPCINSKI SENIOR DIRECTOR 50.00 0.00 X 290769 0 34736 PAMELA K BROWN DIRECTOR OF MARKETING AND 50.00 0.00 X 175572 0 23712 JAMES UNANDER DIRECTOR OF INFORMATION TE 50.00 0.00 X 169749 0 26534 LAURA GOOD DIRECTOR OF HR/ADMIN SERVI 40.00 10.00 X 151713 0 20886 JEANNE MALONE DIRECTOR MEETING SERVICES 50.00 0.00 X 141411 0 26974 JOHN PRAST FORMER CEO 0.00 0.00 X 141680 0 0 1955267 0 282966 12 1 1 0 WILLIAMS GERARD PRODUCTIONS INC 420 NORTH WABASH CHICAGO IL 60611 MEETING PRODUCTION 1409549 MCI LLC 20 BENDEMEER ROAD SINGAPORE SN MEMBER SERVICES 1338092 CONFERENCE SYSTEMS INC 12910 CLOVERLEAF CENTER DR STE 100 GERMANTOWN MD 20874 INTERPRETATION SERVICES 691290 HAY GROUP PO BOX 828352 PHILADELPHIA PA 19182 STRATEGIC PLANNING SUPPORT 642599 FREEMAN PO BOX 650036 DALLAS TX 75265 MEETING SET-UP AND DECORATING 446383 18 MEMBERSHIP INCOME 611430 25653732 25653732 MEETINGS INCOME 611430 9565075 9565075 35218807 1023543 1023543 34349904 32559319 1790585 1790585 1790585 OTHER REVENUE 900099 103092 0 103092 MANAGEMENT FEES 561000 100000 0 100000 203092 38236027 35218807 0 3017220 1277559 2500 1215888 5305136 698676 1435919 488462 101040 36946 295871 79151 561275 1769675 936716 17079 480556 936845 12450110 301121 131636 STRATEGIC PLANNING EXPE 676632 PUBLICATION 545948 ALL OTHER EXPENSES 539806 PLAQUES AND INSIGNIAS 320141 30604688 10377693 11515703 24231 154683 1808596 820695 7085576 5616898 1768979 1468678 21896165 26965185 12927275 13394962 2613590 2897399 51416529 57217305 1215484 1375948 500000 2486912 712377 4611209 7840302 8313605 10428627 X 43102924 46788678 43102924 46788678 51416529 57217305 X 7631339 -721578 -3224007 X X 0 1 X 1 0 0 0 0 0 0 1 0 265000 265000 4479581 3348329 1131252 2340995 2268569 72426 1468678 HEDGE FUND 1284294 F GOVERNMENT AND AGENCY BONDS 8679215 F CORPORATE BONDS 3431453 F 13394962 CASH SURRENDER VALUE - LIFE INSURANCE 2825476 ACCRUED INTEREST RECEIVABLE 71923 2897399 PENSION LIABILITY 6716547 DEFERRED COMPENSATION 1123755 7840302 X 33994571 -721578 -3224007 -3945585 37940156 295871 295871 38236027 30308817 0 30308817 295871 295871 30604688 PART X, LINE 2: MDRT IS A TAX-EXEMPT ORGANIZATION AS DEFINED BY SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. MDRT FOLLOWS THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. MDRT HAS DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2014. MDRT FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND ONE STATE. THE RETURNS FOR MDRT FOR 2011, 2012 AND 2013 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PENSION OBLIGATION -3,224,007. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 1 PROGRAM SERVICES SEMINARS, NEWSLETTERS, MEMBERSHIP SUPPORT 4843 SOUTH ASIA 1 1 PROGRAM SERVICES SEMINARS, NEWSLETTERS, MEMBERSHIP SUPPORT 137226 EAST ASIA AND THE PACIFIC 1 1 PROGRAM SERVICES SEMINARS, NEWSLETTERS, MEMBERSHIP SUPPORT 872173 EAST ASIA AND THE PACIFIC 1 1 PROGRAM SERVICES 2014 EXPERIENCE MEETING 2320342 4 4 0 0 4 4 3334584 0 3334584 0 0 0 0 0 0 1 MDRT FOUNDATION 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 366080766 501(C)(3) 302500 N/A N/A GRANTS TO OTHER CHARITABLE ORGANIZATIONS ASSOCIATION FOR ADVANCED LIFE UNDERWRITING 11921 FREEDOM DRIVE SUITE 1100 RESTON VA 20190 522118793 501(C)(6) 100000 N/A N/A SPONSORSHIP LIFE & HEALTH INSURANCE FOUNDATION 1655 NORTH FORT MYERS DRIVE ARLINGTON VA 22209 521904610 501(C)(3) 750000 N/A N/A GENERAL OPERATIONS NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS 2901 TELESTAR COURT FALLS CHURCH VA 22042 530232489 501(C)(6) 115000 N/A N/A SPONSORSHIP 2 2 PART I, LINE 2: THE ORGANIZATION REQUIRES POTENTIAL GRANTEES TO PROVIDE FINANCIAL STATEMENTS AND BUDGETS. UPON RECEIVING A GRANT, ORGANIZATIONS ARE REQUESTED TO PROVIDE A REPORT AS TO HOW GRANT FUNDS WERE USED RELATIVE TO THE PROJECT FOR WHICH FUNDING WAS AWARDED. X X X X 1 1 X X X 0 1 0 STEPHEN P STAHR CEO 369274 0 0 0 0 0 97196 0 26569 0 493039 0 0 0 RAYMOND J KOPCINSKI SENIOR DIRECTOR 290769 0 0 0 0 0 18716 0 16020 0 325505 0 0 0 PAMELA K BROWN DIRECTOR OF MARKETING AND 175572 0 0 0 0 0 9635 0 14077 0 199284 0 0 0 JAMES UNANDER DIRECTOR OF INFORMATION TE 169749 0 0 0 0 0 5406 0 21128 0 196283 0 0 0 LAURA GOOD DIRECTOR OF HR/ADMIN SERVI 151713 0 0 0 0 0 3148 0 17738 0 172599 0 0 0 JEANNE MALONE DIRECTOR MEETING SERVICES 141411 0 0 0 0 0 5050 0 21924 0 168385 0 0 0 JOHN PRAST FORMER CEO 0 0 0 0 141680 0 0 0 0 0 141680 0 141680 0 PART I, LINE 1A EXECUTIVE COMMITTEE MEMBERS AND THE CEO CAN CHOOSE TO TRAVEL FIRST CLASS ON FLIGHTS WITH DURATIONS OF THREE HOURS OR LONGER (NONTAXABLE BENEFIT). SPOUSES CAN ACCOMPANY THE EXECUTIVE COMMITTEE MEMBERS ON THEIR TRAVELS. EACH EXECUTIVE COMMITTEE MEMBER RECEIVES A GROSS UP PAYMENT RELATED TO THEIR SPOUSAL TRAVEL AND ADMINISTRATIVE EXPENSES, WHICH IS TAXABLE TO THE INDIVIDUAL. EACH MEMBER OF THE EXECUTIVE COMMITTEE IS PROVIDED WITH A DISCRETIONARY SPENDING ACCOUNT (NONTAXABLE TO THE INDIVIDUAL). THE AMOUNTS BUDGETED FOR THESE ACCOUNTS ARE INCLUDED IN THE ORGANIZATION'S BUDGET. THE BUDGET IS APPROVED BY THE FINANCE COMMITTEE ON AN ANNUAL BASIS. PART I, LINE 4B THE FOLLOWING PERSONS RECEIVE BENEFITS FROM OR OTHERWISE PARTICIPATE IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS: JOHN PRAST - PAYMENT OF $141,680 (FULLY VESTED) STEPHEN STAHR - EARNED $87,830 (DOES NOT VEST UNTIL RETIREMENT DATE IS REACHED) FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERSHIP PAYS DUES ON AN ANNUAL BASIS THAT CORRESPONDS WITH THE CALENDAR YEAR. THE ORGANIZATION HAS THREE CLASSES OF MEMBERSHIP: 1) QUALIFYING, 2) QUALIFYING AND LIFE, AND 3) LIFE. EACH CLASS OF MEMBERSHIP SHALL BE A PRIVILEGE WHICH MAY BE GRANTED OR WITHHELD EACH YEAR BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A EACH YEAR A NOMINATING COMMITTEE OF CURRENT MEMBERS IS ASSEMBLED TO ELECT A NEW NOMINEE TO THE ORGANIZATION'S EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B THE BY-LAWS MAY BE AMENDED BY THE MEMBERS. THE PROCESS REQUIRES NOTIFICATION OF THE MEMBERS NOT LESS THAN 30 DAYS PRIOR TO THE ANNUAL MEETING AND APPROVAL BY TWO-THIRDS OF THOSE MEMBERS PRESENT AT THE ANNUAL MEETING AND CASTING VOTES. AMENDMENTS MAY ALSO BE MADE BETWEEN ANNUAL MEETINGS BY SOLICITATION OF THE MEMBERS BY MAIL OR ELECTRONIC MEDIA. THIS METHOD ALSO REQUIRES 30 DAY NOTIFICATION IN ADVANCE OF THE BALLOT DEADLINE AND APPROVAL BY TWO-THIRDS OF MEMBERS CASTING VOTES. MEMBERS MAY PROPOSE AMENDMENTS BY WRITTEN PETITION CONTAINING SIGNATURES OF NOT LESS THAN 20% OF ALL MEMBERS. SUCH PETITION MUST BE SUBMITTED 90 DAYS PRIOR TO THE ANNUAL MEETING TO FACILITATE COMPLIANCE WITH THE 30 DAY NOTICE REQUIREMENT. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM AND DISTRIBUTED TO MANAGEMENT AND THE ORGANIZATION'S GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH EXECUTIVE COMMITTEE MEMBER IS REQUIRED TO AGREE TO THE CONFLICT OF INTEREST POLICY AND ACKNOWLEDGES THIS BY SIGNING THE CONFLICT OF INTEREST POLICY STATEMENT ON AN ANNUAL BASIS. COMPLIANCE IS MONITORED BY THE EXECUTIVE COMMITTEE ON AN ANNUAL BASIS. THE POLICY REQUIRES FULL AND PROMPT DISCLOSURE TO THE COMMITTEE OF ALL RELEVANT FACTS REGARDING ANY POSSIBLE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ASAE'S BLUE CHIP AND ASSOCIATION FORM SURVEYS ARE PARTICIPATED IN AND EVALUATED EACH YEAR BY THE EXECUTIVE COMMITTEE AND CHIEF EXECUTIVE OFFICER, EACH OF WHO RECEIVE COMPENSATION FROM THE ORGANIZATION DURING THE YEAR. OCCUPATION SPECIFIC SURVEYS SUCH AS SHRM, NFRE, AND NMA ARE REVIEWED FOR MOST RECENT COMPENSATION DOCUMENTATION. COMPENSATION FOR ALL EXECUTIVE POSITIONS WAS REVIEWED AND DOCUMENTED FOR 2014. ADDITIONALLY THE ORGANIZATION'S JOB DESCRIPTION AND SALARIES ARE REVIEWED BY AN EXTERNAL THIRD PARTY TO ASSESS WHETHER THE ORGANIZATION'S COMPENSATION IS COMPARABLE TO LIKE POSITIONS IN SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 MADE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY -3,224,007. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MILLION DOLLAR ROUNDTABLE FOUNDATION 325 W TOUHY AVENUE PARK RIDGE IL 60068 366080766 GRANT MAKING TO OTHER CHARITABLE ORGANIZATIONS IL 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 MILLION DOLLAR ROUNDTABLE FOUNDATION B 302500 CASH PROVIDED MILLION DOLLAR ROUNDTABLE FOUNDATION M 100000 CASH RECEIVED MILLION DOLLAR ROUNDTABLE FOUNDATION O 959352 FAIR VALUE OF SERVICES PROVIDED