2015-10-14T14:58:32-05:00 2014-12-31 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2014-01-01 231352012 AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS % JEFFREY SCHEIDT AMER 6106442100 720 PROVIDENCE ROAD MALVERN PA 193550716 JEFFREY A SCHEIDT TREASURER 6102512731 2015-11-15 true ERIC M MCNEIL P00460263 2673303000 2014 2016-03-07 17:11:31Z PETER L MILLER 720 PROVIDENCE ROAD MALVERN PA 193550716 154294619 false X www.theinstitutes.org X 1942 PA EDUCATIONAL PRODUCTS AND SERVICES TO THE RISK MANAGEMENT AND INSURANCE INDUSTRY. 44 36 185 0 0 1719764 971992 34006252 36934415 12483620 11146270 7531907 7504996 55741543 56557673 189000 228975 0 0 16736428 18711089 0 0 32031 20790596 24087698 37716024 43027762 18025519 13529911 204877034 213430603 11535609 10380620 193341425 203049983 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 855092 855092 51707039 -3602340 5801706 2199366 49507673 7050000 7050000 56557673 41983504 41983504 1044258 1044258 43027762 FORM 990, SCHEDULE D, PART XI, LINE 2D REVENUES FROM AFFILIATES: $5,801,706 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: $1,044,258 ILLINOIS STATE UNIVERSITY FOUNDATION CAMPUS BOX 5490 CAMPUS BOX NORMAL IL 61790 376025713 501(C)(3) 18000 FMV SCHOLARSHIP FUND BUTLER UNIVERSITY 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 350867977 501(C)(3) 6000 FMV SCHOLARSHIP FUND KENT STATE UNIVERSITY 131 SCHWARTZ CENTER KENT OH 44242 316402079 501(C)(3) 6000 FMV SCHOLARSHIP FUND MISSOURI STATE UNIVERSITY 901 S NATIONAL AVENUE SPRINGFIELD MO 65847 446000308 501(C)(3) 6000 FMV SCHOLARSHIP FUND EASTERN KENTUCKY UNIVERSITY 521 LANCASTER AVENUE RICHMOND KY 40475 611011211 501(C)(3) 6000 FMV SCHOLARSHIP FUND 5 0 COLLEGE SCHOLARSHIPS 31 50000 FMV INTERNSHIPS 49 115975 fmv PART I, LINE 2 The Institutes makes grants only to charitable organizations in furtherance of its tax-exempt purposes. The Institutes also provides scholarships and grants for adjunct professorships to further the study of risk management and insurance. X true true X X X X false true false false false false false true false PETER L MILLER PRESIDENT/CEO 570833 0 330000 0 828 0 71600 0 10496 0 983757 0 0 0 JEFFREY A SCHEIDT TREASURER 192183 0 52000 0 1548 0 27868 0 12996 0 286595 0 0 0 ELIZABETH A SPRINKEL SENIOR VICE PRESIDENT 231558 0 70000 0 1548 0 37249 0 12340 0 352695 0 0 0 ANITA BOURKE EXECUTIVE VICE PRESIDENT 336016 0 126000 0 2712 0 41275 0 4855 0 510858 0 0 0 SAUL SWARTOUT EXECUTIVE VICE PRESIDENT 100316 0 113000 0 792 0 13867 0 5972 0 233947 0 0 0 P KENDRICK MILLS SENIOR VICE PRESIDENT 172117 0 46000 0 828 0 27539 0 12996 0 259480 0 0 0 KEVIN BROWN SENIOR VICE PRESIDENT 181205 0 45000 0 1548 0 25387 0 10612 0 263752 0 0 0 ALEXANDER VANDEVERE SENIOR VICE PRESIDENT 219750 0 60000 0 540 0 31863 0 12996 0 325149 0 0 0 EVERETT RANDALL SENIOR VICE PRESIDENT 172121 0 27970 0 2376 0 27540 0 10612 0 240619 0 0 0 MARY ANN COOK SENIOR VICE PRESIDENT 172417 0 28270 0 828 0 27587 0 4855 0 233957 0 0 0 SUSAN KEARNEY SR. DIR. OF KNOW. RESOURCES 154166 0 25390 0 540 0 24667 0 10496 0 215259 0 0 0 ARTHUR FLITNER SR. DIR. OF KNOW. RESOURCES 150467 0 25020 0 2376 0 24075 0 10612 0 212550 0 0 0 MICHAEL ELLIOTT SR. DIR. OF KNOW. RESOURCES 149481 0 24870 0 2376 0 23917 0 10496 0 211140 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 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, SCHEDULE J, PART I, LINE 4 PETER MILLER: $7,300 EMPLOYER CONTRIBUTION Alexander Vandevere: $7,656 employer contribution ANITA BOURKE: $3,625 EMPLOYER CONTRIBUTION SAUL SUARTOUT: $7,300 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 REVENUES). STATE FARM MUTUAL INSURANCE COMPANI SEE PART V 6841225 EDUCATIONAL MATERIALS/EXAMS false LIBERTY MUTUAL INSURANCE SEE PART V 2642679 EDUCATIONAL MATERIALS/EXAMS false FARMERS GROUP SEE PART V 501710 EDUCATIONAL MATERIALS/EXAMS false CINCINNATI FINANCIAL CORPORATION SEE PART V 397587 EDUCATIONAL MATERIALS/EXAMS false CHUBB CORPORATION SEE PART V 231090 EDUCATIONAL MATERIALS/EXAMS false ERIE INSURANCE GROUP SEE PART V 212815 EDUCATIONAL MATERIALS/EXAMS false CRAWFORD COMPANY SEE PART V 167731 EDUCATIONAL MATERIALS/EXAMS false SUPPLEMENTAL INFORMATION - FORM 990, SCHEDULE L, PART V FOR THE REPORTED BUSINESS TRANSACTIONS WITH INTERESTED PERSONS, IN EACH CASE, THE ENTITY IS A SUBSTANTIAL CONTRIBUTOR OF THE INSTITUTES. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF TRUSTEES SHALL FUNCTION BETWEEN MEETINGS THROUGH AN EXEUTIVE COMMITTEE WHICH SHALL HAVE THE FULL POWERS OF THE BOARD BETWEEN MEETINGS EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE POWERS: 1) TO FILL VACANCIES IN THE BOARD OF TRUSTEES; 2) TO ADOPT, AMEND, OR APPEAL THE ARTICLES OF INCORPORATION OR BYLAWS; OR 3) AMEND OR REPEAL AND RESOLUTION OF THE ENTIRE BOARD. FORM 990, PART VI, 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, LINE 12C AN ANNUAL FORM IS SUBMITTED BY ALL TRUSTEES AND REVIEWED BY THE CORPORATE SECRETARY FOR POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, 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, 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: (219,013) 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, AND CPCU HARRY J. LOMAN EDUCATION FOUNDATION. 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. PA 501(C)(6) N/A AICPCU true GRIFFITH INSURANCE EDUCATION FOUNDATION 720 PROVIDENCE ROAD MALVERN PA 19355 316052801 EDUCATIONAL OH 501(C)(3) 9 AICPCU true false false false false false false false false false false false false false false false false false false true SOCIETY OF CPCU S 6000000 FMV GRIFFITH INSURANCE EDUCATION FOUNDATION S 1050000 FMV