PROFESSIONAL RISK MANAGERS INTERNATIONAL ASSOCIATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- PROFESSIONAL RISK MANAGERS INTERNATIONAL ASSOCIATION (EIN 61-1405040)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-14
- IRS object ID
- 201401349349306190
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-14T15:16:34-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410746749 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 SOUTH SIXTH STREET SUITE 300 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 611405040 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROFESSIONAL RISK MANAGERS' | BusinessNameLine1 |
| Business Name Line2 | INTERNATIONAL ASSOCIATION | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PROF | NameControl |
| Phone | 6126055370 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 WASHINGTON STREET | AddressLine1 |
| City | NORTHFIELD | City |
| State | MN | State |
| ZIP Code | 55057 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KRISTIN LUCAS | Name |
| Title | DIRECTOR OF OPERATIONS | Title |
| Phone | 6126055370 | Phone |
| Date Signed | 2014-05-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN TAUER | Name |
| PTIN | P00294068 | PTIN |
| Phone | 6123764500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KRISTIN LUCAS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 WASHINGTON STREET | AddressLine1 |
| City | NORTHFIELD | City |
| State | MN | State |
| ZIP Code | 55057 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 2189954 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.PRMIA.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2002 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE A FREE AND OPEN FORUM FOR THE PROMOTION OF SOUND RISK MANAGEMENT STANDARDS AND PRACTICES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 27 | TotalNbrEmployees |
| Total Nbr Volunteers | 600 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2631203 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 2183160 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 479 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1296 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1702 | OtherRevenuePriorYear |
| Other Revenue Current Year | 5498 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2633384 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2189954 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 632854 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 617080 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1817046 | OtherExpensePriorYear |
| Other Expenses Current Year | 1229149 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2449900 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1846229 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 183484 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 343725 | RevenuesLessExpensesCY |
| Total Assets BOY | 784507 | TotalAssetsBOY |
| Total Assets EOY | 1094792 | TotalAssetsEOY |
| Total Liabilities BOY | 669230 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 724503 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 115277 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 370289 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO PROVIDE A FREE AND OPEN FORUM FOR THE PROMOTION OF SOUND RISK MANAGEMENT STANDARDS AND PRACTICES GLOBALLY. TO ACCOMPLISH THIS MISSION, PRMIA'S OBJECTIVES ARE:1. TO BE A LEADER OF INDUSTRY OPINION AND A PROPONENT FOR THE RISK MANAGEMENT PROFESSION.2. DRIVE THE INTEGRATION OF PRACTICE AND THEORY AND CERTIFY THE CREDENTIALS OF PROFESSIONAL RISK MANAGERS.3. CONNECT PRACTITIONERS, RESEARCHERS, STUDENTS AND OTHERS INTERESTED IN THE FIELD OF RISK MANAGEMENT.4. BE GLOBAL IN FOCUS, PROMOTING CROSS-CULTURAL ETHICAL STANDARDS, SERVING EMERGING AS WELL AS MORE DEVELOPED MARKETS.5. WORK WITH OTHER PROFESSIONAL ASSOCIATIONS IN FURTHERANCE OF PRMIA'S MISSION. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | RISK EDUCATION:THE PROFESSIONAL RISK MANAGERS DESIGNATION IS ENDORSED BY LEADING BUSINESSES AND UNIVERSITIES. IT IS THE GLOBAL STANDARD FOR THE WORLD'S TOP FINANCIAL RISK PROFESSIONALS. THE ASSOCIATE PRM CERTIFICATE IS DESIGNED FOR STAFF ENTERING THE RISK MANAGEMENT PROFESSION. OUR PUBLICATIONS PROVIDE ACCESS TO SOME OF THE HIGHEST QUALITY AND MOST RELEVANT WRITING FOR PROFESSIONAL RISK MANAGERS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | RISK TRAINING:ONLINE TRAINING - PRMIA OFFERS OVER 700 ONLINE PROFESSIONAL DEVELOPMENT COURSES, DELIVERED INDIVIDUALLY OR AS A CORPORATE PACKAGE AND AVAILABLE ANYWHERE IN THE WORLD WITH AN INTERNET CONNECTION. IN-HOUSE TRAINING - TAILORED TRAINING PROGRAMS ARE DESIGNED SPECIFICALLY FOR YOUR COMPANY AND TAUGHT BY FACULTY FROM LEADING WORLDWIDE UNIVERSITIES AND INDUSTRY EXPERTS.CLASSROOM TRAINING - PRMIA AND LEADING UNIVERSITIES AROUND THE WORLD HAVE COME TOGETHER TO OFFER SPECIALIST AND ADVANCED COURSES IN RISK MANAGEMENT TAUGHT BY WORLD AUTHORITIES IN THEIR SUBJECTS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | GLOBAL PRESENCE:PRMIA IS ACTIVE IN NEARLY EVERY MAJOR FINANCIAL CENTER. PRMIA PROVIDES AN EXTENSIVE AND ENGAGED NETWORK FOR RISK PROFESSIONALS. PRMIA HAS OVER 90,000 MEMBERS AND HAS 60 CHAPTERS IN 210 COUNTRIES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 1 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 47 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 27 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | FR | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KRISTIN LUCAS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6126055370 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 WASHINGTON STREET | AddressLine1 |
| City | NORTHFIELD | City |
| State | MN | State |
| ZIP Code | 55057 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (13 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|---|
| FARUK PATEL | |||||||
| CHAIR | 2.00 | 0.30 | X | X | 0 | 0 | 0 |
| BOB MARK | |||||||
| TREASURER | 2.00 | 0.30 | X | X | 26309 | 0 | 0 |
| OSCAR MCCARTHY | |||||||
| SECRETARY | 2.00 | 0.30 | X | X | 0 | 0 | 0 |
| CAROL ALEXANDER | |||||||
| DIRECTOR | 2.00 | 0.30 | X | 65754 | 0 | 0 | |
| MOORAD CHOUDHRY | |||||||
| DIRECTOR | 2.00 | 0.30 | X | 2389 | 0 | 0 | |
| SHAUN BOND | |||||||
| DIRECTOR | 2.00 | 0.30 | X | 0 | 0 | 0 | |
| DOMINIK DERSCH | |||||||
| DIRECTOR | 2.00 | 0.30 | X | 0 | 0 | 0 | |
| BUD HASLETT | |||||||
| DIRECTOR | 2.00 | 0.30 | X | 0 | 0 | 0 | |
| COLIN LAWRENCE | |||||||
| DIRECTOR | 2.00 | 0.30 | X | 1737 | 0 | 0 | |
| BARRY SCHACHTER | |||||||
| DIRECTOR | 2.00 | 0.30 | X | 1516 | 0 | 0 | |
| CHAE SING WONG | |||||||
| DIRECTOR | 2.00 | 0.30 | X | 0 | 0 | 0 | |
| JODI LUNDELL | |||||||
| CHIEF OPERATING OFFICER | 50.00 | 10.00 | X | 138981 | 0 | 0 | |
| KRISTIN LUCAS | |||||||
| DIRECTOR OF OPERATIONS | 54.00 | 0.00 | X | 40028 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 276714 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| NEW YORK MARRIOTT | |||||
| 1535 BROADWAY | NEW YORK | NY | 10036 | GLOBAL EVENT VENUE/CATERING | 349510 |
| WELLEBEE LLC | |||||
| 5913 W 34TH STREET | MINNEAPOLIS | MN | 55416 | BUILDING WEBSITE | 135650 |
| NORTHWESTERN UNIVERSITY | |||||
| 633 CLARK STREET | EVANSTON | IL | 60208 | TRAINING COURSE | 115830 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TRAININGS | 611430 | 839092 | 839092 |
| EXAM FEES | 611430 | 402842 | 402842 |
| PUBLICATIONS | 611430 | 339575 | 339575 |
| MEMBERSHIP DUES | 900099 | 293290 | 293290 |
| SPECIAL EVENTS | 900009 | 173960 | 173960 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 134401 | TotalRevenueColumn |
| Related Or Exempt Function Income | 134401 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 2183160 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1296 | TotalRevenueColumn |
| Exclusion | $1,296 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 5498 | TotalRevenueColumn |
| Exclusion | $5,498 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 5498 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2189954 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2183160 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $6,794 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 189467 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 377474 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6416 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43723 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14428 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19993 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 136801 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7600 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31717 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 109983 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38394 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5780 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9939 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9898 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| TRAINING PROGRAM EXPENS | 434458 |
| PUBLICATION EXPENSES | 214011 |
| EXAM ADMINISTRATION FEE | 88967 |
| MERCHANT FEES | 84133 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23047 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1846229 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 522072 | BOY |
| EOY | 577306 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90555 | BOY |
| EOY | 88043 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13565 | BOY |
| EOY | 13642 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5999 | BOY |
| EOY | 17726 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 418571 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 26638 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 152316 | BOY |
| EOY | 391933 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 6142 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 784507 | BOY |
| EOY | 1094792 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 238585 | BOY |
| EOY | 166310 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 430645 | BOY |
| EOY | 558193 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 669230 | BOY |
| EOY | 724503 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 115277 | BOY |
| EOY | 370289 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 115277 | BOY |
| EOY | 370289 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 784507 | BOY |
| EOY | 1094792 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 343725 | ReconcilationRevenueExpenses |
| Reconcilation Prior Adjustment | -88713 | ReconcilationPriorAdjustment |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | 0 | PoliticalExpenditures |
| Volunteer Hours | 0 | VolunteerHours |
| Amt Expended For527 Activities | 0 | AmtExpendedFor527Activities |
| Amt Of Internal Funds Contributed | 0 | AmtOfInternalFundsContributed |
| Substantially All Dues Nondeduct | 0 | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | 1 | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | 0 | AgreeToCarryoverPriorYear |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 24527 | OtherCostOrOtherBasis |
| Depreciation | 20070 | Depreciation |
| Book Value | 4457 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 394044 | OtherCostOrOtherBasis |
| Depreciation | 6568 | Depreciation |
| Book Value | 387476 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 391933 | TotalOfBookValueLandBuildings |
| Footnote In Part XIII | X | FootnoteInPartXIII |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X, LINE 2: | ReturnReference |
| Explanation | PRMIA IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC) AND COMPARABLE STATE LAW. PRMIA INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC AND COMPARABLE STATE LAW. PRMIA FOLLOWS THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. PRMIA IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS IT HAS TAKEN. PRMIA IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES HAVE THE RIGHT TO EXAMINE RETURNS FOR A PERIOD OF THREE YEARS AFTER THEY ARE FILED. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, VICE-CHAIR, SECRETARY AND TREASURER OF PRMIA'S BOARD OF DIRECTORS AND IS SUBJECT TO THE AUTHORITY OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE HAS THE POWER TO DIRECT THE ROUTINE ADMINISTRATIVE AFFAIRS OF PRMIA BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE CHAIR SHALL SERVE AS CHAIRPERSON OF THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ASSOCIATION HAS THE FOLLOWING MEMBERS: REGULAR MEMBERS - ONLY INDIVIDUAL PERSONS MAY BECOME REGULAR MEMBERS OF PRMIA. REGULAR MEMBERS HAVE VOTING RIGHTS ON ALL MATTERS THAT COME BEFORE THE MEMBERS, BUT THEY DO NOT HAVE THE RIGHT TO ELECT THE OFFICERS OF THE BOARD OF DIRECTORS. REGIONAL DIRECTORS - THE BOARD OF DIRECTORS MAY APPOINT MEMBERS TO SERVE AS REGIONAL DIRECTORS FOR ANY OF PRMIA'S REGIONAL CHAPTERS. IN ADDITION TO THEIR VOTING RIGHTS AS REGULAR MEMBERS, REGIONAL DIRECTORS ALSO ELECT THE OFFICERS OF THE BOARD OF DIRECTORS. AFFILIATE MEMBERS - A CORPORATION, ASSOCIATION, EDUCATIONAL INSTITUTION OR GOVERNMENT AGENCY MAY APPLY TO BE AN AFFILIATE MEMBER. INDIVIDUALS NOT MEETING THE REQUIREMENTS OF A REGULAR MEMBER MAY ALSO APPLY FOR AFFILIATE MEMBERSHIP. AFFILIATE MEMBERS HAVE NO VOTING RIGHTS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE SUSTAINING MEMBERS OF THE ASSOCIATION ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | ANY AMENDMENT TO, OR REPEAL OF, THE ARTICLES OF INCORPORATION OR THE BYLAWS REQUIRE THE APPROVAL OF THE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE DIRECTOR OF OPERATIONS REVIEWS THE FORM 990 IN DETAIL FOLLOWED BY THE FINANCE COMMITTEE. THE RETURN WILL BE PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EXCEPT AS PERMITTED BY LAW, WITH RESPECT TO ANY CONTRACT OR OTHER TRANSACTION BETWEEN PRMIA AND ANY DIRECTOR (OR AN ORGANIZATION IN WHICH A DIRECTOR MAY BE A DIRECTOR, OFFICER OR LEGAL REPRESENTATIVE OR HAS A MATERIAL FINANCIAL INTEREST): A) THE MATERIAL FACTS AS TO SUCH CONTRACT OR TRANSACTION AS TO THE DIRECTOR'S INTEREST MUST BE FULLY DISCLOSED OR KNOWN TO THE BOARD OF DIRECTORS PRIOR TO APPROVAL OF SUCH CONTRACT OR TRANSACTION; B) SUCH APPROVAL SHALL REQUIRE THE AFFIRMATIVE VOTE OF A MAJORITY OF THE TOTAL NUMBER OF DIRECTORS, NOT COUNTING ANY VOTE THAT THE INTERESTED DIRECTOR MIGHT HAVE; C) THE INTERESTED DIRECTOR SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM; AND D) PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD REVIEWS AND DETERMINES THE ANNUAL COMPENSATION FOR MANAGEMENT POSITIONS BASED ON INDUSTRY STANDARD, LOCATION, EXPERIENCE, ETC. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2012 FOR THE CHIEF OPERATING OFFICER, J. LUNDELL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH THEIR WEBSITE. THE CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRMIA INSTITUTE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 WASHINGTON STREET | AddressLine1 |
| City | NORTHFIELD | City |
| State | MN | State |
| ZIP Code | 55057 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201425960 | EIN |
| Primary Activities | EDUCATION | PrimaryActivities |
| Legal Domicile State | DE | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | LINE 11A, I | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROFESSIONAL RISK MANAGERS' INTERNATIONAL ASSOCIATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 1 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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