2014-12-12T09:46:11-06:00 2014-06-30 561304727 BLACKMAN & SLOOP CPAS PA 1414 RALEIGH RD SUITE 300 CHAPEL HILL NC 27517 990 2013-07-01 561526114 INSURANCE ACCOUNTING AND SYSTEMS ASSOCIATION INC INSU 9194890991 PO BOX 51340 DURHAM NC 27717 JOSEPH POMILIA EXECUTIVE DIRECTOR 9194890991 2014-11-14 1 ANDREA WOODELL EASON P00361629 9199428700 2013 2015-11-30 17:44:51Z JOSEPH POMILIA PO BOX 51340 DURHAM NC 27717 3905360 0 X IASA.ORG X 1994 NC THE MISSION OF IASA IS TO INITIATE, ENABLE AND FACILITATE THE EXCHANGE OF EDUCATIONAL INFORMATION, BEST PRACTICES AND INNOVATIVE IDEAS AMONG INSURANCE RELATED PROFESSIONALS TO ENHANCE THE EFFECTIVENESS OF THESE INDIVIDUALS, THEIR EMPLOYERS AND THE INSURANCE INDUSTRY AS A WHOLE. 10 9 9 175 54963 0 0 0 3473930 3773614 25117 9973 118154 72580 3617201 3856167 15000 10500 0 0 1074056 1077594 0 0 0 2463799 2628000 3552855 3716094 64346 140073 3268587 2768566 1520817 880723 1747770 1887843 THE MISSION OF IASA IS TO INITIATE, ENABLE AND FACILITATE THE EXCHANGE OF EDUCATIONAL INFORMATION, BEST PRACTICES AND INNOVATIVE IDEAS AMONG INSURANCE RELATED PROFESSIONALS TO ENHANCE THE EFFECTIVENESS OF THESE INDIVIDUALS, THEIR EMPLOYERS AND THE INSURANCE INDUSTRY AS A WHOLE. 0 0 1866684 10500 1593455 IASA IS AN EDUCATION ORGANIZATION AND AS SUCH OUR PRIMARY FOCUS IS PROVIDING A DIVERSE ARRAY OF OFFERINGS THAT SERVE OUR MEMBERSHIP, THE INDUSTRY AND ULTIMATELY THE INSURANCE BUYING PUBLIC. WE CONTINUE TO HAVE SUCCESS WITH OUR CORE EDUCATIONAL OFFERINGS AND ARE ADDING PROGRAMS THAT RESPOND TO THE CHANGING REGULATORY ENVIROMENT. THE ATTENDANCE AT OUR 2014 ANNUAL CONFERENCE WAS STRONG. CONFERENCE TOTAL WAS 1,580 ATTENDEES. OUR EXECUTIVE ROUNDTABLES HAD A TOTAL OF 543 ATTENDEES. 1866684 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 11 0 1 9 1 1 1 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NC X JOSEPH P POMILIA 9194890991 PO BOX 51340 DURHAM NC 27717 TOM EWBANK CFO 5.00 X X 0 0 0 ELIZABETH MERCIER CHAIR 15.00 X X 0 0 0 JOSEPH P POMILIA EXECUTIVE DIRECTOR 40.00 X X 181482 0 36110 FORREST MILLS JR PRESIDENT 6.00 X X 0 0 0 MARY ELLEN FREYERMUTH CIO 20.00 X X 0 0 0 BRIAN KEITH OLLECH MEMBER-AT-LARGE 3.00 X 0 0 0 LINDA ANNE PAOLUCCI MEMBER-AT-LARGE 5.00 X 0 0 0 LOUISE ZIEMANN MEMBER-AT-LARGE 13.00 X 0 0 0 REX BAGWELL MEMBER-AT-LARGE 10.00 X 0 0 0 CELESKA FREDIANELLO MEMBER-AT-LARGE 5.00 X 0 0 0 MARK F ROTH VP - BUSINESS DVMT 40.00 X 170156 0 35662 MARGARET M MCKEON VP OF CONFERENCE 40.00 X 122680 0 16744 474318 0 88516 3 0 1 0 CENTERPLATE 1111 WEST HARBOR DRIVE SAN DIEGO CA 92101 CATERING SERVICES 427906 FREEMAN AUDIO VISUAL 9260 W 55TH STREET MCCOOK IL 60525 EQUIPMENT RENTAL 288078 THE HARRY WALKER AGENCY INC 355 LEXINGTON AVENUE 21ST FLOOR NEW YORK NY 10017 CONFERENCE SPEAKER 235000 VISUAL AIDS 12910 CLOVERLEAF CENTER DRIVE GERMANTOWN MD 20874 EQUIPMENT RENTAL 179008 4 EXHIBIT RENTALS 611710 1354644 1354644 REGISTRATION FEES 611710 915766 915766 SPONSORSHIPS 611710 841052 841052 MEMBERSHIP DUES 611710 583784 583784 PUBLICATIONS 611710 9547 9547 68821 68821 3773614 9973 9973 64730 49193 15537 15537 ADVERTISING SALES 541800 54963 54963 MISCELLANEOUS INCOME-INT'L OFFICE 611710 1136 1136 MISCELLANEOUS INCOME-INT'L OFFICE 611710 864 864 80 80 57043 3856167 1593455 54963 2207749 10500 10500 231886 231886 662858 662858 28954 28954 98545 98545 55351 55351 5684 5684 156482 53184 103298 12655 10355 2300 21286 1472 19814 156217 65033 91184 119128 13102 106026 1339944 1159355 180589 21538 21538 20687 20687 PRODUCTION 258125 258125 EQUIPMENT RENTAL 193704 144775 48929 PRINTING 90095 62358 27737 BANK CHARGES 85807 85807 146648 88425 58223 3716094 1866684 1849410 0 64499 150705 2269516 2029158 11925 15681 65207 18937 73193 58869 477570 382373 62228 95197 722019 400019 3268587 2768566 1112740 583525 408077 297198 1520817 880723 X 1747770 1887843 1747770 1887843 3268587 2768566 140073 0 X X 0 1 X 1 0 X 1328476 1346307 1445240 1388761 1642648 7151432 1600972 1946287 2091607 2150826 2195696 9985388 2929448 3292594 3536847 3539587 3838344 17136820 0 30006 85899 59027 62753 77070 314755 30006 85899 59027 62753 77070 314755 16822065 50356 41438 36098 25117 9973 162982 50356 41438 36098 25117 9973 162982 90990 99034 90815 60240 54963 396042 8968 2592 3059 2910 2080 19609 3079762 3435658 3666819 3627854 3905360 17715453 0.94960 0.96050 0.00920 0.01380 X 113651 78690 34961 363919 303683 60236 95197 CERTIFICATES OF DEPOSIT 400019 C 400019 X 3965266 109099 109099 3856167 0 3856167 3825193 109099 109099 3716094 0 3716094 PART X, LINE 2: UNDER THE STATUTE OF LIMITATIONS, THE FEDERAL INFORMATIONAL AND STATE INCOME TAX RETURNS OF THE ASSOCIATION FOR THE YEARS ENDED JUNE 30, 2012 THROUGH 2014 ARE SUBJECT TO EXAMINATION BY THE U.S. INTERNAL REVENUE SERVICE. MANAGEMENT EVALUATED TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2012 THROUGH 2014 TAX RETURNS, AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS, AND BELIEVES THERE IS NO INCOME TAX EFFECT ON THE FINANCIAL STATEMENTS. THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE ASSOCIATION EARNS REVENUE FROM ADVERTISEMENTS PLACED IN THE ASSOCIATION'S PUBLICATIONS WHICH IS CONSIDERED UNRELATED BUSINESS INCOME AND IS SUBJECT TO TAX. PART XI, LINE 2D - OTHER ADJUSTMENTS: NONCASH SPONSORSHIPS 109,099. PART XII, LINE 2D - OTHER ADJUSTMENTS: NONCASH SPONSORSHIPS 109,099. 1 SCHOLARSHIPS 7 10500 0 PART I, LINE 2: SCHOLARSHIPS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION WHERE THE AWARD RECIPIENT IS ENROLLED OR HAS BEEN ACCEPTED TO ATTEND. SCHEDULE I, PART I, QUESTION 2 THE IASA SCHOLARSHIP WAS ESTABLISHED IN 2010 TO PROVIDE SCHOLARSHIPS TO STUDENTS PREPARING FOR A CAREER IN THE INSURANCE INDUSTRY. COLLEGE SCHOLARSHIPS ARE AWARDED TO INDIVIDUALS AT A SOPHOMORE LEVEL OR ABOVE WHO ARE ENROLLED IN A COLLEGE WITH AN INSURANCE PROGRAM, AND WHOSE COURSE OF STUDY IS WORKING TOWARD A DEGREE IN INFORMATION TECHNOLOGY, ACCOUNTING, OR RISK MANAGEMENT. THE SCHOLARSHIP WILL BE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION WHERE THE AWARD RECIPIENT IS ENROLLED OR HAS BEEN ACCEPTED TO ATTEND. PAYMENTS WERE MADE JUNE 8, 2014. X X X 0 0 0 0 0 0 0 0 0 JOSEPH P POMILIA EXECUTIVE DIRECTOR 163482 0 18000 0 0 0 9074 0 27036 0 217592 0 0 0 MARK F ROTH VP - BUSINESS DVMT 66188 0 103968 0 0 0 8508 0 27154 0 205818 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, WHO REPORTS TO THE BOARD OF DIRECTORS ON THE 990 FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER MUST REVIEW AND SIGN THE CONFLICT OF INTEREST FORM AND DISCLOSE ANY CONFLICTS THAT MIGHT EXIST. ALL CONFLICT OF INTEREST FORMS, ONCE SIGNED, ARE REVIEWED BY THE SECRETARY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE, WHICH IS A SUBSET OF MEMBERS OF THE BOARD OF DIRECTORS, RECOMMENDS ALL COMPENSATION FOR TOP EXECUTIVES USING INDEPENDENT SALARY STUDIES AS A GUIDE. THE COMMITTEE ALSO ASSISTS IN CREATING PAY RANGES FOR OTHER STAFF MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS AND BOARD POLICIES ARE PROVIDED ON THE IASA WEBSITE. FINANCIAL STATEMENTS, ONCE AUDITED, ARE DISTRIBUTED TO OUR MEMBERS AND POSTED TO THE WEBSITE. CONFLICT OF INTEREST POLICY AND FORMS ARE MAINTAINED AT OUR HOME OFFICE. AUDIT COMMITTEE THE AUDIT COMMITTEE HAS OVERSIGHT OVER THE AUDIT AND THERE HAVE BEEN NO CHANGES. 990 PAGE 1 LINE H THIS TAX RETURN IS THE RETURN OF THE CENTRAL ORGANIZATION OF THE INSURANCE ACCOUNTING AND SYSTEMS ASSOCIATION, INC. AS REQUIRED UNDER THE PROVISIONS OF INTERNAL REVENUE CODE REGULATION SECTION 1.6033.2(D)(5)(I). LOCAL CHAPTERS OF THE ORGANIZATION FILE A GROUP RETURN UNDER FEIN 51-0220978 IF THE LOCAL CHAPTERS' REVENUES MEET THE THRESHOLD REQUIREMENT FOR FILING A 990. CAROLINA CHAPTER PO BOX 2291 DURHAM NC 277022291 636067333 INSURANCE INDUSTRY NC 501(C)(6) 0 CENTRAL ILLINOIS CHAPTER 1701 N TOWANDA AVENUE BLOOMINGTON IL 617022020 510142746 INSURANCE INDUSTRY IL 501(C)(6) 0 GEORGIA CHAPTER 1904 LELAND DRIVE MARIETTA GA 30067 586075257 INSURANCE INDUSTRY GA 501(C)(6) 0 INDIANA CHAPTER 110 MAPLECREST DRIVE CARMEL IN 46033 356202606 INSURANCE INDUSTRY IN 501(C)(6) 0 LAND-O LAKES CHAPTER 802 AMERPRISE FINANCIAL CENTER MINNEAPOLIS MN 55474 416079374 INSURANCE INDUSTRY MN 501(C)(6) 0 SOUTHERN CALIFORNIA 801 N BRAND BLVD GLENDALE CA 91203 956225353 INSURANCE INDUSTRY CA 501(C)(6) 0 METRO NEW YORKNEW JERSEY 5 TIMES SQUARE NEW YORK NY 100366530 911825904 INSURANCE INDUSTRY NY 501(C)(6) 0 MICHIGAN CHAPTER 6732 MICHAEL DRIVE TROY MI 48098 386158193 INSURANCE INDUSTRY MI 501(C)(6) 0 MID-ATLANTIC CHAPTER 801 LANCASTER AVENUE DEVON PA 193331305 232036151 INSURANCE INDUSTRY PA 501(C)(6) 0 MID-SOUTH CHAPTER PO BOX 717 FRANKFORT KY 406020717 621770271 INSURANCE INDUSTRY MS 501(C)(6) 0 MIDWEST CHAPTER 7505 NW TIFFANY SPRINGS PKWY SUITE KANSAS CITY MO 64153 476058063 INSURANCE INDUSTRY MO 501(C)(6) 0 NORTHEASTERN CHAPTER 175 BERKLEY STREET MS-03-B BOSTON MA 021165066 046196034 INSURANCE INDUSTRY MA 501(C)(6) 0 NORTHERN CALIFORNIA 560 DAVIS STREET SAN FRANCISCO CA 941111974 946187810 INSURANCE INDUSTRY CA 501(C)(6) 0 OHIO CHAPTER 41 SOUTH HIGH STREET COLUMBUS OH 43215 316086017 INSURANCE INDUSTRY OH 501(C)(6) 0 PACFIC NORTHWEST CHAPTER 325 EASTLAKE AVENUE E SEATTLE WA 981095407 237388720 INSURANCE INDUSTRY WA 501(C)(6) 0 ROCKY MOUNTAIN CHAPTER - INACTIVE 555 SEVENTEENTH STREET SUITE 3600 DENVER CO 80202 846061197 INSURANCE INDUSTRY CO 501(C)(6) 0 SOUTH FLORIDA CHAPTER 11222 QUAIL ROOST DRIVE MIAMI FL 331576543 650319518 INSURANCE INDUSTRY FL 501(C)(6) 0 SOUTHERNWESTERN OHIO 400 BROADWAY CINCINNATI OH 452023312 311196034 INSURANCE INDUSTRY OH 501(C)(6) 0 ST LOUIS CHAPTER ONE PREMIER DRIVE ST LOUIS MO 632022989 436100275 INSURANCE INDUSTRY MO 501(C)(6) 0 SUNSHINE CHAPTER 700 SPRINGS FOREST RD SUITE 115 RALEIGH NC 276099124 592207185 INSURANCE INDUSTRY FL 501(C)(6) 0 TEXAS CHAPTER 5757 ALPHA ROAD SUITE 622 DALLAS TX 75240 746107091 INSURANCE INDUSTRY TX 501(C)(6) 0 UTAH CHAPTER 2121 S STATE STREET SALT LAKE CITY UT 84115 870330765 INSURANCE INDUSTRY UT 501(C)(6) 0 WISCONSIN CHAPTER 501 W MICHIGAN MILWAUKEE WI 532032706 391269842 INSURANCE INDUSTRY WI 501(C)(6) 0 DESERT STATES CHAPTER - INACTIVE 1850 N CENTRAL AVENUE SUITE 400 PHOENIX AZ 85004 860917092 INSURANCE INDUSTRY AZ 501(C)(6) 0 GREATER CHICAGO CHAPTER 10 SOUTH RIVERSIDE PLAZA SUITE 900 CHICAGO IL 606063770 366212585 INSURANCE INDUSTRY IL 501(C)(6) 0 HAWAII CHAPTER - INACTIVE 3511 SHANNON ROAD SUITE 160 DURHAM NC 27707 996015777 INSURANCE INDUSTRY HI 501(C)(6) 0 OKLAHOMA CHAPTER - INACTIVE 3511 SHANNON ROAD SUITE 160 DURHAM NC 27707 736182819 INSURANCE INDUSTRY OK 501(C)(6) 0 TAMPA BAY 201 EAST KENNEDY BOULEVARD TAMPA FL 33602 911825961 INSURANCE INDUSTRY FL 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 LOCAL CHAPTERS OF THE INSURANCE ACCOUNTING AND SYSTEMS ASSOCIATION R 491376 LOCAL CHAPTERS OF THE INSURANCE ACCOUNTING AND SYSTEMS ASSOCIATION S 538845