PRESIDENT

2012-11-15T12:44:02-06:00 2012-06-30 233063393 ELKO & ASSOCIATES LTD 521 PLYMOUTH RD SUITE 120 PLYMOUTH MEETING PA 19462 990 2011-07-01 230724010 INSURANCE SOCIETY OF PHILADELPHIA INSU 2156275306 456 PUBLIC LEDGER BUILDING PHILADELPHIA PA 191060088 DAVID ARNOLD PRESIDENT 2156275306 2012-11-08 1 STEVEN SCADUTO CPA P00787973 6105653930 2012-11-08 2011 2016-02-24 21:20:13Z DAVID ARNOLD 456 PUBLIC LEDGER BUILDING PHILADELPHIA PA 191060088 1003563 0 X WWW.INSURANCESOCIETY.ORG X 1901 PA TO EDUCATE AND PROMOTE PROFESSIONALISM IN THE INSURANCE, LEGAL AND FINANCIAL SERVICES INDUSTRIES. 35 34 54 8 0 0 145928 319708 697600 609230 41371 35455 70477 -38120 955376 926273 10000 29000 0 0 654310 665473 0 0 22579 329505 345895 993815 1040368 -38439 -114095 1632325 1531670 162983 178362 1469342 1353308 TO EDUCATE AND PROMOTE PROFESSIONALISM IN THE INSURANCE, LEGAL AND FINANCIAL SERVICES INDUSTRIES. 0 0 166950 609230 PROVIDE INSURANCE RELATED EDUCATION TO THE PROPERTY AND CASUALTY INSURANCE INDUSTRY, AND TO THOSE SERVING THE INDUSTRY SUCH AS LAWYERS; AND THE GENERAL PUBLIC. 29000 29000 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. 195950 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 54 1 0 0 0 0 0 0 0 0 0 0 0 0 X 35 34 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 1 1 0 PA X THE ORGANIZATION 2156275306 456 PUBLIC LEDGER BUILDING PHILADELPHIA PA 191060088 DAVID ARNOLD PRESIDENT 50.00 X X 125205 0 19138 MICAEL A BARKASY BOARD MEMBER 1.00 X 0 0 0 WALTER R BATEMAN II BOARD MEMBER 1.00 X 0 0 0 JAMES ERB BOARD MEMBER 1.00 X 0 0 0 ROGER C FELL BOARD MEMBER 1.00 X 0 0 0 JOSEPH A GERBER BOARD MEMBER 1.00 X 0 0 0 DAVID C HANEY BOARD MEMBER 1.00 X 0 0 0 LOIS J HOGYA BOARD MEMBER 1.00 X 0 0 0 WALTER J HOPE JR BOARD MEMBER 1.00 X 0 0 0 LOUIS F IACOVELLI BOARD MEMBER 1.00 X 0 0 0 ROBERT A IVEY III BOARD MEMBER 1.00 X 0 0 0 P DREW JONES BOARD MEMBER 1.00 X 0 0 0 THOMAS J KELLEY BOARD MEMBER 1.00 X 0 0 0 RONALD T KUEHN TREASURER 1.00 X X 0 0 0 MICHAEL A MEE BOARD MEMBER 1.00 X 0 0 0 PETER S MILLER BOARD MEMBER 1.00 X 0 0 0 MICHAEL P MORAN BOARD MEMBER 1.00 X 0 0 0 JOSEPH F MORRIS BOARD MEMBER 1.00 X 0 0 0 KELLY P O'LEARY BOARD MEMBER 1.00 X 0 0 0 RICHARD H PETRY VICE CHAIR 1.00 X X 0 0 0 A PETER PRINSEN BOARD MEMBER 1.00 X 0 0 0 STEVEN J REISS BOARD MEMBER 1.00 X 0 0 0 DEBBIE RODGERS CHAIR 1.00 X X 0 0 0 SPENCER M ROMAN PAST CHAIR 1.00 X X 0 0 0 LORI T ROSS SECRETARY 1.00 X X 0 0 0 DIANNE SALTER BOARD MEMBER 1.00 X 0 0 0 HENRY O SCHRAMM II BOARD MEMBER 1.00 X 0 0 0 JOHN SHERLOCK VICE CHAIR 1.00 X X 0 0 0 RUSS SHANER BOARD MEMBER 1.00 X 0 0 0 JOHN K SMITH BOARD MEMBER 1.00 X 0 0 0 FRANK D SVITEK BOARD MEMBER 1.00 X 0 0 0 SEAN S SWEENEY BOARD MEMBER 1.00 X 0 0 0 KEVIN M TOTH BOARD MEMBER 1.00 X 0 0 0 BRUCE M VASSALLO BOARD MEMBER 1.00 X 0 0 0 EDWARD H WESTERMANN SR BOARD MEMBER 1.00 X 0 0 0 125205 0 19138 1 0 0 0 0 87658 232050 319708 TUITON 611600 560157 560157 EDUCATION FEES 611710 27997 27997 ADMINISTRATIVE FEES 611710 21076 21076 609230 35455 35455 39170 232050 77290 -38120 -38120 926273 609230 0 -2665 20000 20000 9000 9000 125205 112684 12521 402336 58422 333856 10058 22168 22168 78861 78861 36903 2670 34233 9070 9070 1977 1977 17864 3525 14339 2680 2680 104458 104458 3391 3391 160 160 6908 6908 LEARNING MANAGEMENT SYS 54504 54504 SPECIAL CONTRACTS 37284 37284 CONTINUING EDUCATION FE 33976 33976 INSURANCE 17707 17707 55916 31073 24843 1040368 195950 821839 22579 136637 104839 132057 100909 47832 5822 96076 74051 17480 22025 1298319 1298075 1632325 1531670 65659 55995 47445 49716 49879 72651 162983 178362 X 1469342 1353308 1469342 1353308 1632325 1531670 X -114095 -1939 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2866 2866 0 93210 71185 22025 22025 NONCURRENT DEFERRED COMPENSATION PAYABLE TO FORMER EXECUTIVE DIRECTOR 72651 72651 926273 1040368 -114095 -1939 -1939 -116034 1001624 -1939 77290 75351 926273 0 926273 1117658 77290 77290 1040368 0 1040368 PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS COSTS NETTED IN REVENUE ON 990 SHOWN IN EXPENSES 77,290. ON AUDITED FINANCIAL STATEMENTS PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS COSTS NETTED IN REVENUE ON 990 SHOWN IN EXPENSES 77,290. ON AUDITED FINANCIAL STATEMENTS THE SOCIETY IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, ONLY ITS UNRELATED BUSINESS INCOME, OF WHICH THERE WAS NONE IN FISCAL YEAR 2012, IS TAXED. THE INTERNAL REVENUE SERVICE HAS NOT CLASSIFIED THE SOCIETY AS A PRIVATE FOUNDATION. THE SOCIETY BELIEVES THAT IS HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE SOCIETY'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2011, 2010 AND 2009 IS SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THE TAX RETURNS WERE FILED. 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 REGISTRATION REQUIRES USE OF CATALOG OR BROCHURE WHEREIN NONDISCRIMINATORY POLICY IS PART OF THE GENERAL INFORMATION EXPLANATION OF DOCUMENT RETENTION SCHEDULE E, PART I, LINE 4 ALL COURSES OPEN TO THE PUBLIC GALA 247850 223850 24000 55648 11984 BANQUET 23370 8200 15170 7570 2088 271220 232050 39170 55648 7570 14072 77290 -38120 1 TRENTON CATHOLIC ACADEMY 175 LEONARD AVE TRENTON NJ 08610 221768458 170(B)(1)(A)(II) 10000 GRANT AND SCHOLARSHIPS GAMMA IOTA SIGMA- TEMPLE UNIVERSITY 1801 LIACOURAS WALK PHILADELPHIA PA 19122 231365971 170(B)(1)(A)(II) 10000 GRANT AND SCHOLARSHIPS 2 2 SCHOLARSHIPS 3 9000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANT FUNDS PAID TO INDVIDUALS ARE ALSO ENDORSED TO THE EDUCATIONAL INSTITUTION, THEREFORE ENSURING THAT THE FUNDS ARE USED EXCLUSIVELY FOR PAYMENT OF EDUCATIONAL EXPENSES AT THE SCHOOL INDICATED DURING THE GRANT PROCESS. FORM 990, PART VI, SECTION A, LINE 6 NON-PROFIT ORGANIZATION FORM 990, PART VI, SECTION B, LINE 11 EXECUTIVE DIRECTOR REVIEWS FORM 990 BEFORE IT IS FILED. NO REVIEW WAS OR WILL BE CONDUCTED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 FINANCE COMMITTEE SETS PAYROLL SCALE FROM REVIEW OF COMPARABLE ORGANIZATIONS AND DETERMINES COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 INSPECTION AT THE OFFICE OF THE ORGANIZATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,939. NO CHANGE FROM PRIOR YEARS. FINANCE COMMITTEE HAS OVERSIGHT OF THE FINANCIAL STATEMENT PREPARATIONS.