2011-11-11T10:31:34-06:00 2010-12-31 PARENTEBEARD LLC 100 WALNUT AVENUE SUITE 200 CLARK NJ 07066 990 2010-01-01 132940919 ACORD CORPORATION ACOR 8456201700 TWO BLUE HILL PLAZA PEARL RIVER NY 10965 GREGORY MACIAG 8456201700 2011-11-10 1 JOAN M MOFFITT 7323885210 2010 2016-03-07 17:11:31Z GREGORY MACIAG TWO BLUE HILL PLAZA PEARL RIVER NY 10965 23096027 0 X WWW.ACORD.ORG X 1978 DE THE ASSOCIATION FOR COOPERATIVE OPERATIONS RESEARCH AND DEVELOPMENT ("ACORD") IS A NOT-FOR-PROFIT ASSOCIATION ORGANIZED TO PROMOTE THE INTERESTS OF AND IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF ALL TRADING PARTNERS WITHIN THE VARIOUS SEGMENTS OF THE INSURANCE AND RELATED FINANCIAL SERVICES INDUSTRIES BY DEVELOPING STANDARDS, SPECIFICATIONS, AND RELATED IMPLEMENTATIONS TOOLS FOR THE ELECTRONIC EXCHANGE OF INFORMATION AND OTHER INFORMATION PROCESSING. ACORD ALSO SERVES THE PUBLIC INTEREST AND THE INTERESTS OF CONSUMERS OF INSURANCE AND RELATED FINANCIAL SERVICES THROUGH ANALYSIS, EDUCATION, STANDARDS SETTING AND RESEARCH & DEVELOPMENT ACTIVITIES CONCERNING THE ELECTRONIC EXCHANGE OF INFORMATION AND OTHER INFORMATION PROCESSING. 25 24 60 0 0 0 0 0 17590888 18319809 365343 628595 0 0 17956231 18948404 0 0 0 0 8635314 9551394 0 0 0 6611414 7374123 15246728 16925517 2709503 2022887 27658397 30747717 8092936 7394933 19565461 23352784 X THE ASSOCIATION FOR COOPERATIVE OPERATIONS RESEARCH AND DEVELOPMENT ("ACORD") IS A NOT-FOR-PROFIT ASSOCIATION ORGANIZED TO PROMOTE THE INTERESTS OF AND IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF ALL TRADING PARTNERS WITHIN THE VARIOUS SEGMENTS OF THE INSURANCE AND RELATED FINANCIAL SERVICES INDUSTRIES BY DEVELOPING STANDARDS, SPECIFICATIONS, AND RELATED IMPLEMENTATIONS TOOLS FOR THE ELECTRONIC EXCHANGE OF INFORMATION AND OTHER INFORMATION PROCESSING. ACORD ALSO SERVES THE PUBLIC INTEREST AND THE INTERESTS OF CONSUMERS OF INSURANCE AND RELATED FINANCIAL SERVICES THROUGH ANALYSIS, EDUCATION, STANDARDS SETTING AND RESEARCH & DEVELOPMENT ACTIVITIES CONCERNING THE ELECTRONIC EXCHANGE OF INFORMATION AND OTHER INFORMATION PROCESSING. 0 0 16925517 18948404 PROMOTE THE INTERESTS OF AND IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF ALL TRADING PARTNERS WITHIN THE VARIOUS SEGMENTS OF THE INSURANCE AND RELATED FINANCIAL SERVICES INDUSTRIES BY DEVELOPING STANDARDS, SPECIFICATIONS, AND RELATED IMPLEMENTATIONS TOOLS FOR THE ELECTRONIC EXCHANGE OF INFORMATION AND OTHER INFORMATION PROCESSING. ACORD ALSO SERVES THE PUBLIC INTEREST AND THE INTERESTS OF CONSUMERS OF INSURANCE AND RELATED FINANCIAL SERVICES THROUGH ANALYSIS, EDUCATION, STANDARDS SETTING AND RESEARCH & DEVELOPMENT ACTIVITIES CONCERNING THE ELECTRONIC EXCHANGE OF INFORMATION AND OTHER INFORMATION PROCESSING. SEE ORGANIZATION'S PRIMARY EXEMPT PURPOSE 16925517 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 1 60 1 0 1 UK BE 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X TAXPAYER AS ADDRESSED 8456201700 TWO BLUE HILL PLAZA PEARL RIVER NY 10965 GREGORY MACIAG 40.00 X X X 578050 0 80031 TANYA KROCHTA 40.00 X 195250 0 49974 BETH GROSSMAN 40.00 X 197145 0 35257 ANN HENSTRAND 40.00 X 204527 0 40090 FRANK NEUGEBAUER 40.00 X 159877 0 27153 JOHN LEONARD 1.00 X 0 0 0 DAVID FINDLEY 1.00 X 0 0 0 LAWRENCE BLAKEMAN 1.00 X 0 0 0 SAL BRANCA 1.00 X 0 0 0 LAWRENCE BRANDON 1.00 X 0 0 0 JEREMY COOKE 1.00 X 0 0 0 ANDY FOGARTY 1.00 X 0 0 0 ALESSANDRO IUPPA 1.00 X 0 0 0 RAINER JANSSEN 1.00 X 0 0 0 JAMES KNIGHT 1.00 X 0 0 0 BARBARA KOSTER 1.00 X 0 0 0 SUE LANGLEY 1.00 X 0 0 0 FRANK LIU 1.00 X 0 0 0 DENNIS MAHONEY 1.00 X 0 0 0 BRIAN O'CONNELL 1.00 X 0 0 0 WILLIAM PIERONI 1.00 X 0 0 0 KEITH SAVINO 1.00 X 0 0 0 ROBERT SLOCUM 1.00 X 0 0 0 TIM WRIGHT 1.00 X 0 0 0 ANDREW CASSIDY 1.00 X 0 0 0 ART JETTER 1.00 X 0 0 0 ROBERT KELLY 1.00 X 0 0 0 JIM PEDERSON 1.00 X 0 0 0 MARKUS SCHMID 1.00 X 0 0 0 JOHN KELLINGTON 40.00 X 177123 0 16517 GARY BEL 40.00 X 260427 0 64671 ROYSTON LAKER 40.00 X 194169 0 18366 LLOYD CHUMBLEY 40.00 X 218930 0 50177 2185498 0 382236 9 1 1 0 HIT CONSULTING AG DORFSTRATT 3 SCHINDELLEGI SZ CH8834 CONTRACTOR 221502 PRG ATLANTA PO BOX 281948 ATLANTA GA 30384 CONTRACTOR 199416 FRANCIS CHUNG 12911 RAILWAY AVE 209 RICHMOND RICHMOND CA V7E6L8 CONTRACTOR 196945 MICHAEL SMITH PETERS FIELD CHURCH CLOSE BRENCHLEY TONBRIDGE KENT KENT UK TN127AA PROGRAM DIRECTOR 196744 PRIMA SOLUTIONS INC 101 N WACKER DRIVE STE 601 CHICAGO IL 60606 CONTRACTOR 131269 5 MEMBER ASSESSMENTS 900099 13776123 13776123 PRODUCT AND OTHER SERV 900099 1622677 1622677 INSURANCE SETTLEMENT 900099 1103824 1103824 PARTICIPATION FEES 900099 1089306 1089306 SUBSCRIPTION FEES 900099 727879 727879 18319809 755251 755251 4020967 4147623 -126656 -126656 -126656 18948404 18948404 0 0 2567734 4540512 841272 1086770 515106 183565 62102 82237 900 657289 786920 1211242 421506 1362981 332578 223382 CONSULTING FEES 1548295 PRINTING 335973 LICENSES AND DUES 108960 TRAINING AND EDUCATION 56193 16925517 620552 233655 25012551 28343332 418813 430886 35037 31313 784799 815473 4768133 3916720 745000 851413 41645 41645 27658397 30747717 4511903 4171973 3581033 3222960 8092936 7394933 X 15119508 18301466 4445953 5051318 19565461 23352784 27658397 30747717 X 2022887 1764436 X 0 1 1 X 0 0 0 0 13776123 4768133 3916720 851413 851413 18948404 16925517 2022887 1764436 1764436 3787323 20712840 1764436 1764436 18948404 0 18948404 16925517 0 16925517 0 16925517 FIN 48 DISLOSURE- ACORD ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OR MORE LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2010. ACORD'S FEDERAL INFORMATION TAX RETURNS(FORMS 990) FOR THE YEARS ENDED DECEMBER 31, 2009, 2008, AND 2007 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. BELGIUM 0 1 PROGRAM SERVICES MISSION STATEMENT 248589 UNITED KINGDOM 1 6 PROGRAM SERVICES MISSION STATEMENT 1515026 7 0 7 1763615 0 1763615 0 0 0 0 0 0 X 1 1 X X X X X 0 0 0 GREGORY MACIAG 413050 0 165000 0 0 0 0 0 80031 0 658081 0 650873 0 TANYA KROCHTA 175000 0 20250 0 0 0 0 0 49974 0 245224 0 212832 0 BETH GROSSMAN 166367 0 30778 0 0 0 0 0 35257 0 232402 0 225983 0 ANN HENSTRAND 180200 0 24327 0 0 0 0 0 40090 0 244617 0 243079 0 FRANK NEUGEBAUER 126577 0 33300 0 0 0 0 0 27153 0 187030 0 242961 0 JOHN KELLINGTON 80761 0 96362 0 0 0 0 0 16517 0 193640 0 526163 0 GARY BEL 229451 0 30976 0 0 0 0 0 64671 0 325098 0 321072 0 ROYSTON LAKER 170841 0 23328 0 0 0 0 0 18366 0 212535 0 213380 0 LLOYD CHUMBLEY 192890 0 26040 0 0 0 0 0 50177 0 269107 0 264397 0 FORM 990, PART VI FIN 48 DISCLOSURE (SEE BELOW) ACORD ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OR MORE LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2010. ACORD'S FEDERAL INFORMATION TAX RETURNS FOR THE YEARS ENDED 2009, 2008, AND 2007 REMAIN SUBJECT TO EXAMINATION BY THE IRS. FORM 990, PART VI PART VI: PARTY VI, LINE 15B- SEE ANSWER TO SCHEDULE J, PART I, QUESTION 3 FORM 990, PART VI, SECTION A, LINE 6 YES, MEMBERS FORM 990, PART VI, SECTION A, LINE 7A YES, MEMBERS FORM 990, PART VI, SECTION A, LINE 7B 1)BOARD OF DIRECTORS' APPROVAL OF INDIVIDUALS NOMINATED FOR BOARD MEMBERSHIP BY THE BOARD'S EXECUTIVE COMMITTEE IS SUBJECT TO ELECTION BY A PLURALITY VOTE OF ACORD MEMBERS ELIGIBLE TO VOTE ON SUCH MATTERS WHO ARE PRESENT AND VOTING IN PERSON OR BY PROXY AT THE MEETING AT WHICH THE NOMINEES ARE VOTED UPON. 2)BOARD OF DIRECTORS' APPROVAL OF AMENDMENTS TO ACORD'S BYLAWS IS SUBJECT TO A MAJORITY VOTE OF ACORD MEMBERS ELIGIBLE TO VOTE ON SUCH MATTERS WHO ARE PRESENT IN PERSON OR REPRESENTED BY PROXY AT ANY MEETING OF ACORD. 3)A BOARD OF DIRECTORS' RECOMMENDATION TO ACORD MEMBERS THAT A MEMBER BE EXPELLED FOR ANY REASON REQUIRES THE APPROVAL OF 3/4 OF ACORD MEMBERS ELIGIBLE TO VOTE ON SUCH MATTER WHO ARE PRESENT AND VOTING AT ANY REGULAR OR SPECIAL MEETING OF ACORD TO WHICH SUCH RECOMMENDATION IS PRESENTED. 4)A BOARD OF DIRECTORS' DECISION TO DISSOLVE ACORD IS SUBJECT TO A VOTE OF NOT LESS THAN 2/3 OF ACORD MEMBERS ELIGIBLE TO VOTE ON SUCH MATTER AT A MEETING AT WHICH DISSOLUTION IS ACCOUNCED AS ITS SUBJECT. FORM 990, PART VI, SECTION B, LINE 11 ACORD PROVIDES THE FORM 990 TO THE AUDIT COMMITTEE AND COMMENTS ARE REQUESTED BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C RESPONSES BY THE ORGANIZATION'S DIRECTORS (REGARDING NON-TRANSACTION-SPECIFIC MATTERS), OFFICERS AND KEY EMPLOYEES TO CONFLICT OF INTEREST DISCLOSURE POLICY AND DOCUMENTS ARE REVIEWED INITIALLY BY HOUSE COUNSEL FOR POSSIBLE REFERRAL TO THE PRESIDENT OF THE ORGANIZATION FOR FURTHER CONSIDERATION AND APPROPRIATE ACTION IF WARRANTED. CERTAIN RESPONSES, INCLUDING THOSE FROM NON-KEY-EMPLOYEE STAFF MEMBERS, MAY BE ADDRESSED IN THE FIRST INSTANCE DIRECTLY TO THE PRESIDENT OF THE ORGANIZATION OR BROUGHT TO THE ATTENTION OF THE HEAD OF THE HUMAN RESOURCES DEPARTMENT FOR CONSIDERATION AND POSSIBLE REFERRAL TO THE PRESIDENT OF THE ORGANIZATION FOR FURTHER CONSIDERATION AND APPROPRIATE ACTION IF WARRANTED. A DIRECTOR OR OFFICER DISCLOSING A POTENTIAL CONFLICT REGARDING A PARTICULAR TRANSACTION MAKES THE DISCLOSURE TO THE PRESIDENT OR CHAIRMAN OF THE BOARD OF DIRECTORS (CHAIR) THROUGH THE CORPORATE SECRETARY FOR DETERMINATION AS TO WHETHER THERE IS IN FACT A CONFLICT OR APPREARANCE OF A CONFLICT. IN THE CASE OF A DIRECTOR, IF IT IS DETERMINED THAT A CONFLICT OR APPARENT CONFLICT EXISTS REGARDING A PARTICULAR TRANSACITON, THE CONFLICT OR APPARENT CONFLICT IS REPORTED TO THE EXECUTIVE COMMITTEE OR THE FULL BOARD. IF THE PARTICULAR TRANSACTION REQUIRES A VOTE OF THE BOARD OR ONE OF ITS COMMITTEES, THE AFFECTED DIRECTOR DOES NOT VOTE ON THE MATTER. IN THE CASE OF AN OFFICER, IF IT IS DETERMINED THAT THERE IS IN FACT A CONFLICT REGARDING A PARTICULAR TRANSACTION, THE PRESIDENT OR CHAIR EXERCISES BEST JUDGMENT ON THE APPROPRIATE COURSE TO FOLLOW. THIS MAY INCLUDE APPROVING THE TRANSACTION IF THE PRESIDENT OR CHAIR IS REASONABLY CERTAIN THAT THE BEST INTERESTS OF THE ORGANIZTION WILL BE SERVED BY SUCH AN APPROACH; REFERRING THE ISSUE TO LEGAL COUNSEL FOR ADVICE; OR REFERRING THE ISSUE TO THE FULL BOARD OR APPROPRIATE BOARD COMMITTEE FOR DECISION. IN THE CASE OF A POTENTIAL CONFLICT REGARDING A PARTICULAR TRANSACTION INVOLVING EITHER THE PRESIDENT OR THE CHAIR , THE AFFECTED PARTY NOTIFIES THE OTHER THROUGH THE CORPORATE SECRETARY WITH THE CONFLICT THEN BEING REPORTED TO THE FULL BOARD. IF THE PARTICULAR TRANSACTION REQURES A VOTE OF THE BOARD OR ONE OF ITS COMMITTEES, THE PRESIDENT OR CHAIR DOES NOT VOTE ON THE MATTER. THE ORGANIZATION HAS A FORMAL PROCESS IN PLACE IN 2010 FOR ANNUALLY POLLING DIRECTORS, OFFICERS, AND KEY EMPLOYEES ABOUT CONFLICT OR POSSIBLE CONFLICT DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 EVERY FEW YEARS THE HUMAN RESOURCE DEPARTMENT GENERATES A SALARY COMPARISON BY POSITION BASED UPON INFORMATION FROM THE US DEPARTMENT OF LABOR, OUTSIDE COMPANIES AND INTERNET RESEARCH REGARDING SIMILAR POSITIONS IN OTHER ORGANIZATIONS. THE COMPANY WILL ALSO UTILIZE THE SERVICES OF INDEPENDENT CONSULTANTS TO PERFORM A COMPLETE SALARY REVIEW OF THE SENIOR MANAGEMENT TEAM AND OTHER OFFICERS AND EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS OF THE CORPORATION ARE AVAILABLE ON THE COMPANY'S PUBLIC WEBSITE. ACORD DOES NOT MAKE THE CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,764,436.