2024-05-10T13:25:13-05:00 2023-12-31 341874260 CBIZ MHM LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2023-01-01 860140772 WHOLESALE & SPECIALTY INSURANCE ASSOCIATION WHOL 8167413910 4131 N MULBERRY DR 200 KANSAS CITY MO 64116 BRADY KELLEY EXECUTIVE DIRECTOR 8167413910 2024-05-10 1 BRADY KELLEY XXX-XX-XXXX 1 LISA BURKE P00220718 8169455500 2024-04-29 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z BRADY KELLEY 4131 N MULBERRY DR 200 KANSAS CITY MO 64116 13940771 0 X WWW.WSIA.ORG X 1926 MO MEMBERSHIP ORGANIZATION REPRESENTING THE WHOLESALE, SPECIALTY AND SURPLUS LINES INDUSTRY. 17 17 18 21 0 0 0 0 11509717 12948775 449799 645311 0 0 11959516 13594086 25000 49703 0 0 3569360 4011938 0 0 0 7497355 8204120 11091715 12265761 867801 1328325 18434483 20365176 4010656 3449730 14423827 16915446 X THE WHOLESALE & SPECIALTY INSURANCE ASSOCIATION (WSIA) IS THE NON-PROFIT ASSOCIATION OF PROFESSIONALS AND SPECIALTY MARKET LEADERS DEDICATED TO THE WHOLESALE DISTRIBUTION SYSTEM. (CONTINUED ON SCHEDULE O)WSIA REPRESENTS THE INTERESTS OF ITS MEMBERS AND THE VALUABLE ROLE THEY PLAY IN THE INSURANCE MARKET THROUGH NETWORKING, EDUCATION, TALENT RECRUITMENT AND DEVELOPMENT, REGULATORY AND LEGISLATIVE ADVOCACY FOR THE WHOLESALE, SPECIALTY, AND SURPLUS LINES INDUSTRY, AND BY PROMOTING THE VALUE OF THE WHOLESALE DISTRIBUTION CHANNEL. 0 0 WSIA OFFERS THE FOLLOWING OPPORTUNITIES THROUGHOUT THE YEAR TO MEMBERS:* INDUSTRY NETWORKING MEETINGS (THE ANNUAL MARKETPLACE, UNDERWRITING SUMMIT, U40 CONNECT AND INSURTECH CONFERENCE)* MEMBER EDUCATION (EXCESS & SURPLUS LINES PROGRAM, ADVANCED E&S PROGRAM, EXECUTIVE LEADERSHIP SUMMIT, CONSULTATIVE SELLING AND NEGOTIATIONS PROGRAM, SURPLUS LINES MANAGEMENT PROGRAM, ONLINE PROGRAMS, WSIA UNIVERSITY, UNDERWRITING BOOT CAMP, AND LEADER AS COACH) WSIA'S LEGISLATIVE AND REGULATORY ADVOCACY EFFORTS PROVIDE AN IMPORTANT SERVICE FOR MEMBERS BY MONITORING AND EXPRESSING POSITIONS ON STATE AND FEDERAL ISSUES AFFECTING THE WHOLESALE, SPECIALTY, AND SURPLUS LINES INDUSTRY. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 63 0 1 18 1 0 0 0 0 1 1 0 0 0 X 17 17 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X EMILY STUBBS CONTROLLER 8167413910 4131 N MULBERRY DRIVE STE 200 KANSAS CITY MO 64116 DAVE OBENAUER PRESIDENT 2.00 0.00 X X 0 0 0 BRENDA AUSTENFELD VICE PRESIDENT 2.00 1.00 X X 0 0 0 PATRICK ALBRECHT TREASURER 2.00 0.00 X X 0 0 0 CARLTON MANER SECRETARY 2.00 2.00 X X 0 0 0 BRYAN CLARK IMMEDIATE PAST PRESIDENT 2.00 0.00 X 0 0 0 CRISTI CARRINGTON DIRECTOR 1.00 0.00 X 0 0 0 VERONICA DAVIS DIRECTOR (TERM START 3/13/23) 1.00 0.00 X 0 0 0 GERALD DUPRE DIRECTOR 1.00 1.00 X 0 0 0 WENDY HOUSER DIRECTOR 1.00 0.00 X 0 0 0 DANNY KAUFMAN DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER KESSEL DIRECTOR (NON-VOTING) 1.00 0.00 X 0 0 0 HENRY LOPEZ DIRECTOR 1.00 0.00 X 0 0 0 PHIL MCCRORIE DIRECTOR 1.00 1.00 X 0 0 0 JEFF MCNATT DIRECTOR (TERM START 3/13/23) 1.00 0.00 X 0 0 0 CHRISTA NADLER DIRECTOR (TERM START 3/13/23) 1.00 0.00 X 0 0 0 ROBERT SANDERS DIRECTOR 1.00 0.00 X 0 0 0 CORYN THALMANN DIRECTOR 1.00 0.00 X 0 0 0 DANIELLE WADE DIRECTOR 1.00 2.00 X 0 0 0 SHANNON DAHLKE APPLEGATE DIRECTOR (TERM END 3/13/23) 1.00 0.00 X 0 0 0 ADAM CARE DIRECTOR (TERM END 3/13/23) 1.00 0.00 X 0 0 0 DAVIS D MOORE PAST PRESIDENT (TERM END 3/13/23) 1.00 0.00 X 0 0 0 BRADY R KELLEY EXECUTIVE DIRECTOR 40.00 4.00 X 653487 0 195788 KERI KISH GENERAL COUNSEL & POLICY DIRECTOR 40.00 0.00 X 291128 0 38557 JULIE FRITZ DIRECTOR OF OPERATIONS 40.00 0.00 X 270784 0 43209 VANESSA SIMS DIRECTOR DIVERSITY EQUITY INCLUSION 40.00 0.00 X 259070 0 66210 DEBBIE HILL DIRECTOR OF EVENTS 40.00 0.00 X 261710 0 33670 SUSAN HENDERSON DIRECTOR OF COMMUNICATIONS 40.00 0.00 X 212083 0 51359 1948262 0 428793 12 0 1 0 FAEGRE DRINKER BIDDLE & REATH LLP 1500 K ST NW STE 1100 WASHINGTON DC 20005 LOBBYING 303751 1 ANNUAL MARKETPLACE 611430 7452150 7452150 MEMBERSHIP DUES 611430 2681199 2681199 UNDERWRITING SUMMIT 611430 1574425 1574425 U40 & INSURTECH CONFERENCE 611430 643000 643000 EDUCATION PROGRAMS 611430 598001 598001 12948775 611432 611432 380564 346685 33879 33879 33879 13594086 12948775 0 645311 37403 12300 745847 2642329 195256 246119 182387 1418 15143 525024 70408 35979 233727 489901 147884 204421 1119107 5114900 38468 206703 BAD DEBT EXPENSE 1037 12265761 302 317944 4062315 568202 226125 215429 657187 1009626 340581 276773 84634 63808 11719616 16134597 838347 1184594 845957 870976 18434483 20365176 703592 577254 2406212 1956518 900852 915958 4010656 3449730 X 14423827 16915446 14423827 16915446 18434483 20365176 1328325 1163294 0 X 0 1 X 1 0 0 0 0 2681199 402545 402545 352041 50504 SCHEDULE C, PART III-B, LINE 2A WSIA WORKS IN CLOSE COOPERATION WITH OTHER INSURANCE TRADE ASSOCIATIONS TO ADVANCE THE INTERESTS OF THE WHOLESALE, SPECIALTY AND SURPLUS LINES INSURANCE INDUSTRY AND ITS CONSUMERS. WSIA HAS AN AGREEMENT WITH A LOBBYING FIRM TO REPRESENT WSIA IN WASHINGTON, D.C. 164236 128354 35882 176345 148419 27926 63808 THIRTEEN PARTNERS OFFSHORE, LTD. (HEDGE FUND) 1184594 F 1184594 DEFERRED COMPENSATION LIABILITY 285963 LEASE LIABILITY 629995 915958 X 14757380 1163294 1163294 13594086 0 13594086 12265761 0 12265761 0 12265761 PART X, LINE 2: WSIA ASSESSES UNCERTAIN TAX POSITIONS ON AN ANNUAL BASIS. THERE HAS NOT BEEN INTEREST OR PENALTIES RECOGNIZED IN EITHER THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS OR IN THE STATEMENTS OF FINANCIAL POSITION RELATED TO UNCERTAIN TAX POSITIONS. IN ADDITION, NO TAX POSITIONS HAVE BEEN IDENTIFIED FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 BUSINESS INVESTMENT N/A 1184594 0 0 0 0 0 0 1184594 0 1184594 1 0 1 0 0 0 SCHEDULE F, PART I, LINE 3: IN PRIOR YEARS, WSIA INVESTED IN AN OFFSHORE CORPORATION (THIRTEEN PARTNERS OFFSHORE, LTD.) BASED IN THE CAYMAN ISLANDS. AN ADDITIONAL INVESTMENT OF $250,000 WAS MADE DURING 2023. WSIA OWNS 1,200 SHARES OF COMMON STOCK VALUED AT $1,184,594 (MEASURED AT NET ASSET VALUE) AS OF DECEMBER 31, 2023. 1 INDEPENDENT INSURANCE AGENTS & BROKERS OF AMERICA INC PO BOX 746 FARMINGTON CT 06034 135665571 501(C)(6) 10000 0 N/A N/A BIG I SPONSORSHIP GAMMA IOTA SIGMA PO BOX 356 YARDLEY PA 19067 237087235 501(C)(3) 10000 0 N/A N/A SUSTAINING PARTNERSHIP CONTRIBUTION 1 1 CAREER DEVELOPMENT - WHITE PAPER AWARDS 6 12300 0 N/A N/A PART I, LINE 2: WSIA STAFF AND THE BOARD OF DIRECTORS ARE RESPONSIBLE FOR REVIEWING GRANTEE PERFORMANCE PURSUANT TO THE CRITERIA OF GRANTS AWARDED. THE FOUNDATION RECEIVES ONGOING REPORTS FROM THE GIS EXECUTIVE DIRECTOR AS A MEMBER OF THE FOUNDATION BOARD AND THROUGH WSIA STAFF PARTICIPATION IN THE GIS EXECUTIVE COMMITTEE, BOARD OF TRUSTEES, ADVISORY COUNCIL, PROFESSIONAL ASSOCIATION ROUNDTABLE AND GIS FOUNDATION COMMITTEE. X 1 1 X X X X X X 0 1 0 BRADY R KELLEY EXECUTIVE DIRECTOR 494367 0 159120 0 0 0 133428 0 62360 0 849275 0 0 0 KERI KISH GENERAL COUNSEL & POLICY DIRECTOR 258628 0 32500 0 0 0 26013 0 12544 0 329685 0 0 0 VANESSA SIMS DIRECTOR DIVERSITY EQUITY INCLUSION 227570 0 31500 0 0 0 25500 0 40710 0 325280 0 0 0 JULIE FRITZ DIRECTOR OF OPERATIONS 248284 0 22500 0 0 0 23360 0 19849 0 313993 0 0 0 DEBBIE HILL DIRECTOR OF EVENTS 230710 0 31000 0 0 0 15726 0 17944 0 295380 0 0 0 SUSAN HENDERSON DIRECTOR OF COMMUNICATIONS 186083 0 26000 0 0 0 18956 0 32403 0 263442 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS IS PROVIDED TO THE EXECUTIVE DIRECTOR FOR A TRIP TO THE ORGANIZATION'S UNDERWRITING SUMMIT, SUMMER BOARD MEETING, AND ANNUAL MARKETPLACE. COMPANION TRAVEL FOR THE EXECUTIVE DIRECTOR IS NOT TREATED AS TAXABLE COMPENSATION TO THE EXECUTIVE DIRECTOR. THIS IS BECAUSE STAFF TRAVEL, INCLUDING COMPANION TRAVEL, IS ONLY REIMBURSED WHEN TRAVEL EXPENSES REPRESENT A BUSINESS EXPENSE. COMPANION TRAVEL IS CONSIDERED TO BE A BUSINESS EXPENSE WHEN THERE IS AN EXPECTATION OF THE BOARD OF DIRECTORS THAT THE EXECUTIVE DIRECTOR'S SPOUSE ALSO ATTEND A WSIA EVENT OR MEETING. PART I, LINE 4B DURING THE YEAR ENDED DECEMBER 31, 2021, WSIA ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER THE PROVISIONS OF THE INTERNAL REVENUE SERVICE ("IRS") CODE ("IRC") 457(F). BRADY KELLEY, EXECUTIVE DIRECTOR, IS THE SOLE PARTICIPANT OF THE PLAN. ANNUAL CONTRIBUTIONS TO THE PLAN ARE MADE AT THE DISCRETION OF THE COMPENSATION COMMITTEE AND EXECUTIVE COMMITTEE. WSIA MADE CONTRIBUTIONS TO THE PLAN IN THE AMOUNTS OF $92,250 AND $99,450 IN 2021 AND 2022 RESPECTIVELY THAT WERE REPORTABLE ON SCHEDULE J, PART II, COL (C) AND PART VII, SECTION A, COL (F). THE PLAN PROVIDES FOR THE EMPLOYEE TO BE FULLY VESTED ON JANUARY 1, 2027, OR TERMINATION DUE TO DEATH. IF THE EMPLOYEE HAS A SEPARATION FROM SERVICE OTHER THAN DEATH PRIOR TO JANUARY 1, 2027, THE EMPLOYEE WILL NOT BE ENTITLED TO ANY BENEFIT AND THE AMOUNT WILL BE FORFEITED. DURING THE YEAR ENDED DECEMBER 31, 2023, CONTRIBUTIONS MADE BY WSIA TOTALED $103,428. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS COMPRISED OF MEMBERS, NOT STOCKHOLDERS. VOTING MEMBERSHIP IS COMPRISED OF THE FOLLOWING: (A) U.S. WHOLESALE MEMBERS - A U.S. WHOLESALE MEMBER IS A SOLE PROPRIETORSHIP, PARTNERSHIP, OR CORPORATION LICENSED IN AT LEAST ONE JURISDICTION WITHIN THE UNITED STATES AS A BROKER, AGENT, MANAGING GENERAL AGENT, PROGRAM ADMINISTRATOR, OR ENTITY WITH DELEGATED UNDERWRITING AUTHORITY THAT IS ENGAGED IN THE INSURANCE BUSINESS PRINCIPALLY AS A WHOLESALER. (B) U.S. INSURANCE MARKET MEMBERS - A U.S. INSURANCE MARKET MEMBER IS A RISK-BEARING ENTITY INCORPORATED OR ORGANIZED IN ANY JURISDICTION WITHIN THE UNITED STATES AND ENGAGED IN THE UNDERWRITING OF INSURANCE OR HAVING DELEGATED UNDERWRITING AUTHORITY AND SELLING PRINCIPALLY THROUGH WHOLESALERS. (C) ASSOCIATE MEMBERS - AN ASSOCIATE MEMBER IS AN INDIVIDUAL, FIRM, OR ORGANIZATION THAT DOES NOT QUALIFY FOR MEMBERSHIP AS DEFINED IN (A) OR (B) ABOVE BUT WHO REPRESENTS A VALID INSURANCE PROVIDER TO U.S. WHOLESALE MEMBERS OR U.S. INSURANCE MARKET MEMBERS AND IS PRINCIPALLY COMMITTED TO SUPPORTING THE U.S. WHOLESALE INSURANCE DISTRIBUTION SYSTEM. THIS CATEGORY SHALL INCLUDE, BUT IS NOT LIMITED TO, NON-U.S. BROKERS, AGENTS, MANAGING GENERAL AGENTS OR PROGRAM ADMINISTRATORS, NON-U.S. RISK BEARERS, SYNDICATES OR MANAGING AGENCIES, REINSURERS, REINSURANCE INTERMEDIARIES, OR OTHER SIMILAR WHOLESALERS OR INSURANCE MARKET ENTITIES. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S VOTING MEMBERS ARE RESPONSIBLE FOR ELECTING THE MEMBERS OF THE WSIA BOARD OF DIRECTORS AND OFFICERS AT THE ANNUAL BUSINESS MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS FORM 990 AND REQUIRED SCHEDULES FOR COMPLETENESS AND ACCURACY BEFORE SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C WSIA AND ITS BOARD OF DIRECTORS HAVE ESTABLISHED A "CONFLICT OF INTEREST" POLICY THAT REQUIRES EACH DIRECTOR AND OFFICER OF WSIA TO ACT SUCH THAT HE OR SHE DOES NOT DERIVE ANY PERSONAL PROFIT OR GAIN, DIRECTLY OR INDIRECTLY, BY REASON OF HIS OR HER PARTICIPATION IN THE LEADERSHIP OF WSIA, AND TO ALWAYS ACT IN THE BEST INTEREST OF WSIA AND ITS MEMBERS. THE POLICY ALSO REQUIRES THAT EACH DIRECTOR AND OFFICER OF WSIA DISCLOSE ALL ACTUAL AND POTENTIAL CONFLICTS OF INTEREST AS THEY OCCUR. ON AN ANNUAL BASIS, EACH DIRECTOR SHALL BE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT. IN ADDITION, ANY WSIA DIRECTOR OR OFFICER, UPON RECOGNIZING HE OR SHE HAS A CONFLICT OR POTENTIAL CONFLICT OF INTEREST, SHALL PROMPTLY DISCLOSE THE CONFLICT OR POTENTIAL CONFLICT TO THE BOARD. EACH WSIA DIRECTOR OR OFFICER HAS A CONTINUING RESPONSIBILITY TO SCRUTINIZE HIS OR HER OUTSIDE BUSINESS, INDUSTRY AND PERSONAL INTERESTS AND ACTIVITIES FOR POTENTIAL CONFLICTS AND TO PROMPTLY DISCLOSE THEM. THIS DISCLOSURE POLICY IS TO BE CONSTRUED BROADLY, RATHER THAN NARROWLY, AND ANY DOUBTS AS TO THE APPLICATION OF THIS POLICY SHOULD BE RESOLVED IN FAVOR OF DISCLOSURE. ALL COMPLETED DISCLOSURE FORMS SHALL BE PROVIDED TO AND REVIEWED BY THE WSIA BOARD. THE DISCLOSURE FORMS AND ANY OTHER MATERIAL RELATED TO A DIRECTOR'S OR OFFICER'S CONFLICT OF INTEREST DISCLOSURES SHALL BE MAINTAINED AT WSIA'S HEADQUARTERS OFFICE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR HAS A WRITTEN EMPLOYMENT AGREEMENT SPECIFYING COMPENSATION. AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, AND A COMPENSATION SURVEY IS USED TO DETERMINE REASONABLE COMPENSATION. THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THE AGREEMENT ON AN ANNUAL BASIS. THE LATEST COMPENSATION STUDY WAS CONDUCTED BY AN INDEPENDENT CONSULTING FIRM IN 2020; HOWEVER, THE BENCHMARKING DATA WITHIN THAT SURVEY IS UPDATED BY THE COMPENSATION COMMITTEE ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. IN ADDITION, THE BYLAWS, CODE OF ETHICS, AND ANNUAL REPORT ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. WSIA EDUCATION FOUNDATION 4131 N MULBERRY DR STE 200 KANSAS CITY MO 64116 431601552 STUDENT-FOCUSED EDCUATIONAL PROGRAM, SYMPOSIUMS & SCHOLARSHIPS MO 501(C)(3) LINE 7 N/A 0 WSIA DIVERSITY FOUNDATION 4131 N MULBERRY DR STE 200 KANSAS CITY MO 64116 853686906 PROMOTE DIVERSITY IN WHOLESALE, SPECIALTY & SURPLUS LINES INSURANCE INDUSTRY MO 501(C)(3) LINE 12A, I WHOLESALE & SPECIALTY INSURANCE ASSOCIATION 1 0 1 0 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0