2014-11-10T07:20:51-06:00 2014-06-30 131639826 EISNERAMPER LLP 101 WEST AVENUE PO BOX 458 JENKINTOWN PA 190460458 990 2013-07-01 230724010 INSURANCE SOCIETY OF PHILADELPHIA INSU 2156275306 456 PUBLIC LEDGER BUILDING PHILADELPHIA PA 191060088 RUSSELL SHANER PRESIDENT 2156275306 2014-11-06 1 DAVID A GRUBER P00010875 2158818800 2013 2015-11-30 17:44:51Z RUSSELL SHANER 456 PUBLIC LEDGER BUILDING PHILADELPHIA PA 191060088 1231753 0 X WWW.INSURANCESOCIETY.ORG X 1901 PA TO EDUCATE AND PROMOTE PROFESSIONALISM IN THE INSURANCE, LEGAL, AND FINANCIAL SERVICES INDUSTRIES. 38 37 34 25 0 0 391570 251595 628816 711962 34014 28981 -66850 108625 987550 1101163 27000 20000 0 0 624175 646434 0 0 24019 277699 323727 928874 990161 58676 111002 1624420 1721062 218190 206624 1406230 1514438 TO EDUCATE AND PROMOTE PROFESSIONALISM IN THE INSURANCE, LEGAL AND FINANCIAL SERVICES INDUSTRIES. 0 0 167862 711962 PROVIDE INSURANCE RELATED EDUCATION TO THE PROPERTY AND CASUALTY INSURANCE INDUSTRY, AND TO THOSE SERVING THE INDUSTRY SUCH AS LAWYERS AND THE GENERAL PUBLIC. 20000 20000 FURTHER THE INSURANCE SOCIETY'S MISSION TO EDUCATE BY PROVIDING SCHOLARSHIPS TO STUDENTS ENGAGED IN THE STUDY OF RISK MANAGEMENT, INSURANCE OR INSURANCE RELATED INDUSTRIES. 187862 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 34 1 0 0 0 0 0 1 1 0 0 0 0 X 38 37 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 PA X CHRISTOPHER ROOS 2156275306 456 PUBLIC LEDGER BUILDING PHILADELPHIA PA 191060088 MICHAEL A BARKASY BOARD MEMBER 0.50 X 0 0 0 WALTER R BATEMAN BOARD MEMBER 0.50 X 0 0 0 BUTLER BUCHANAN III BOARD MEMBER 0.50 X 0 0 0 TIM CONRAD BOARD MEMBER 0.50 X 0 0 0 JENNIFER CORY BOARD MEMBER 0.50 X 0 0 0 KENNETH L EWELL BOARD MEMBER 0.50 X 0 0 0 ROGER C FELL BOARD MEMBER 0.50 X 0 0 0 JOSEPH A GERBER BOARD MEMBER 0.50 X 0 0 0 RICHARD HALL BOARD MEMBER 0.50 X 0 0 0 DAVID C HANEY BOARD MEMBER 0.50 X 0 0 0 EDWARD HANNA BOARD MEMBER 0.50 X 0 0 0 WALTER J HOPE JR BOARD MEMBER 0.50 X 0 0 0 ROBERT IVEY BOARD MEMBER 0.50 X 0 0 0 P DREW JONES BOARD MEMBER 0.50 X 0 0 0 THOMAS J KELLEY BOARD MEMBER 0.50 X 0 0 0 RONALD T KUEHN TREASURER 0.50 X X 0 0 0 MARK A LYNCH BOARD MEMBER 0.50 X 0 0 0 JOSEPH MAHER BOARD MEMBER 0.50 X 0 0 0 MICHAEL AMEE BOARD MEMBER 0.50 X 0 0 0 CHRISTOPHER J MORESCO BOARD MEMBER 0.50 X 0 0 0 JOSEPH F MORRIS BOARD MEMBER 0.50 X 0 0 0 KELLY P O'LEARY VICE CHAIR 0.50 X X 0 0 0 RICHARD H PETRY BOARD MEMBER 0.50 X 0 0 0 ROBERT M POLISENO BOARD MEMBER 0.50 X 0 0 0 DEBRA L RODGERS BOARD MEMBER 0.50 X 0 0 0 SPENCER M ROMAN BOARD MEMBER 0.50 X 0 0 0 STEVE ROSEN BOARD MEMBER 0.50 X 0 0 0 LORI T ROSS SECRETARY 0.50 X X 0 0 0 DIANNE SALTER VICE CHAIR 0.50 X X 0 0 0 HENRY O SCHRAMM II BOARD MEMBER 0.50 X 0 0 0 RUSSELL R SHANER EFF 82113 PRESIDENT 40.00 X X 50759 0 5313 JOHN B SHERLOCK CHAIR 0.50 X X 0 0 0 STEVEN SKOWRONSKI BOARD MEMBER 0.50 X 0 0 0 KEVIN M TOTH BOARD MEMBER 0.50 X 0 0 0 THOMAS J TRULLINGER BOARD MEMBER 0.50 X 0 0 0 BRUCE M VASSALLO BOARD MEMBER 0.50 X 0 0 0 GLORIA WATSON BOARD MEMBER 0.50 X 0 0 0 EDWARD H WESTERMANN SR BOARD MEMBER 0.50 X 0 0 0 DAVID ARNOLD THRU 43013 PRESIDENT 0.50 X X 68216 0 6799 118975 0 12112 0 0 0 0 0 90710 160885 251595 TUITION 611600 631782 631782 EDUCATION FEES 611710 72162 72162 ADMINISTRATIVE FEES 611710 8018 8018 711962 28981 28981 239215 160885 130590 108625 108625 1101163 711962 0 137606 20000 20000 139315 125662 13653 411884 58088 343430 10366 24655 24655 32737 32737 37843 1922 35921 11281 11281 285 285 30273 641 29632 11896 11896 104399 104399 3831 3831 7636 7636 20114 20114 SPECIAL CONTRACTS 44232 44232 CONTINUING EDUCATION 37844 37844 OTHER ADMINISTRATION 26801 26801 OTHER PROGRAM 21368 21368 3767 3767 990161 187862 778280 24019 14819 26634 110221 73439 145054 180286 12776 17678 98079 89072 14640 9007 1326910 1405116 8902 0 1624420 1721062 89738 75978 63712 74404 64740 56242 218190 206624 X 1406230 1514438 1406230 1514438 1624420 1721062 111002 -2794 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2866 2866 0 95213 86206 9007 9007 DEFERRED COMPENSATION 56242 56242 X 1228959 -2794 130590 127796 1101163 0 1101163 1120751 130590 130590 990161 0 990161 PART X, LINE 2: THE INTERNAL REVENUE SERVICE ("IRS") HAS CLASSIFIED THE SOCIETY AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE"). ACCORDINGLY, ONLY ITS UNRELATED BUSINESS INCOME, OF WHICH THERE WAS NONE IN FISCAL YEAR 2014 OR 2013, IS TAXED. THE INTERNAL REVENUE SERVICE HAS NOT CLASSIFIED THE SOCIETY AS A PRIVATE FOUNDATION. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY, IF THE SOCIETY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A GOVERNMENT AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SOCIETY AND HAS CONCLUDED THAT AS OF JUNE 30, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SOCIETY RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX RELATED INTEREST AND PENALTIES RECORDED FOR THE YEARS ENDED JUNE 30, 2014 AND 2013. THE INFORMATION RETURNS OF THE SOCIETY FOR THE YEARS ENDED JUNE 30, 2011 THROUGH 2014 ARE OR WILL BE SUBJECT TO EXAMINATION BY THE IRS AND OTHER VARIOUS TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 130,590. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 130,590. 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WHILE NOT PUBLICIZED ON OUR WEBSITE, THE INSURANCE SOCIETY OF PHILADELPHIA HAS MAINTAINED A NON-DISCRIMINATORY POLICY AND HAVE PUBLICIZED IT IN THE PAST, OUR WEBSITE WILL BE UPDATED BY THE END OF THE 4TH QUARTER TO REFLECT AN UPDATED STATEMENT. SCHEDULE E, PART I, LINE 4 ALL COURSES ARE OPEN TO THE PUBLIC BANQUET 27450 14500 12950 7511 3076 GALA 372650 160885 211765 69118 50887 400100 175385 224715 76629 53963 130592 94123 1 SCHOLARSHIPS 5 20000 FMV SCHEDULE I, PART I, LINE 2 GRANT FUND DISBURSEMENTS PAID TO INDIVIDUALS ARE ALSO MADE PAYABLE TO AND REQUIRE ENDORSEMENTS BY THE EDUCATIONAL INSTITUTION, THEREFORE ENSURING THAT THE FUNDS ARE EXCLUSIVLY FOR PAYMENT OF EDUCATIONAL EXPENSES AT THE SCHOOL INDICATED DURING THE GRANT PROCESS. FORM 990, PART VI, SECTION B, LINE 11 THE PRESIDENT AND DIRECTOR OF ACCOUNTING REVIEW THE FORM 990 BEFORE IT IS FILED. THE 990 IS NOT PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE FOR INSPECTION AT THE OFFICE OF THE ORGANIZATION. 990 PART XII, LINE 2C THE FINANCE COMMITTEE HAS OVERSIGHT OF THE FINANCIAL STATEMENT PRESENTATION AND SELECTION OF INDEPENDENT AUDITORS AND THE PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.