2024-05-15T20:24:26-05:00 2023-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2023-01-01 411605606 PROFESSIONAL LIABILITY UNDERWRITING SOCIETY PROF 9527462580 5353 WAYZATA BLVD 306 MINNEAPOLIS MN 55416 ROBBIE THOMPSON EXECUTIVE DIRECTOR 9527462580 2024-05-15 1 ROBBIE THOMPSON 999009999 1 RYAN VETTRUS CPA P01243596 6514834521 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ROBBIE THOMPSON 5353 WAYZATA BLVD 306 MINNEAPOLIS MN 55416 9347064 0 X WWW.PLUSWEB.ORG X 1986 MN TO BE THE GLOBAL COMMUNITY FOR THE PROFESSIONAL LIABILITY INSURANCE INDUSTRY 15 15 18 600 0 0 276907 0 6291975 7479867 113503 208083 0 0 6682385 7687950 0 0 0 0 1926229 2173370 0 0 0 4267135 4955812 6193364 7129182 489021 558768 7635168 9613868 1168644 1989340 6466524 7624528 TO BE THE GLOBAL COMMUNITY FOR THE PROFESSIONAL LIABILITY INSURANCE INDUSTRY 0 0 IN 2023, PLUS HELD FIVE NATIONAL IN-PERSON EVENTS ATTENDEED BY MORE THAN 4,000 PEOPLE. IT ALSO HOSTED VIRTUAL AND IN-PERSON UNIVERSITIES WITH OVER 500 INDUSTRY PROFESSIONALS PARTICIPATING. IN ADDITION, OVER 3,000 PEOPLE ATTENDED IN-PERSON REGIONAL AND LOCAL CHAPTER EVENTS THROUGH PLUS 13 REGIONAL CHAPTERS AND MORE THAN 5,000 PROFESSIONALS PARTICIPATED IN EDUCATONAL WEBINARS AND PODCAST. PARTICIPANTS IN ALL EVENTS TOOK PART IN EDUCATIONAL, NETWORKING, AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES. AS A MEMBERSHIP ORGANIZATION, PLUS PROVIDES RESOURCES, PROGRAMMING, AND INFORMATION TO ASSIST ITS MEMBERS AND ENABLE THEM TO BEST SERVE THEIR CLIENTS AND ADVANCE THEIR CAREERS. IN 2023, PLUS HAD APPROXIMATELY 40,000 INDIVIDUAL MEMBERS THROUGHOUT THE WORLD. PLUS PROVIDES A COMPREHENSIVE EDUCATIONAL CURRICULUM FOR THE PROFESSIONAL LIABILITY INDUSTRY, INCLUDING RPLU, RPLU+, CPLP & EXECUPLP. OVER 500 PEOPLE OBTAINED A PLUS CERTIFCATION AND ALMOST 5,000 PEOPLE CURRENTLY HOLD A PLUS DESIGNATION. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 36 0 1 18 0 0 1 CA 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X PLUS 9527462580 5353 WAYZATA BLVD 306 MINNEAPOLIS MN 55416 ALISON MARTIN TRUSTEE 2.00 X 0 0 0 ROBERT PARISI TRUSTEE 2.00 X 0 0 0 MAX CARTER TRUSTEE 2.00 X 0 0 0 KIMBERLY MELVIN TRUSTEE 2.00 X 0 0 0 SUSAN ANGELO TRUSTEE 2.00 X 0 0 0 JED SHEA TRUSTEE 2.00 X 0 0 0 DEREK VAN DER VOORT TRUSTEE 2.00 X 0 0 0 DEBORAH EGEL-FERGUS TRUSTEE 2.00 X 0 0 0 DAVID LEWISON TRUSTEE 2.00 X 0 0 0 TODD GREELEY TRUSTEE 2.00 X 0 0 0 JACQUELINE WATERS SECRETARY - TREASURER 4.00 X X 0 0 0 JENNIFER O'NEILL IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 NICOLE SHETH PRESIDENT ELECT 4.00 X X 0 0 0 JAY KARP PRESIDENT 5.00 X X 0 0 0 LA'VONDA MCLEAN VICE PRESIDENT 5.00 X X 0 0 0 ROBBIE THOMPSON EXECUTIVE DIRECTOR 40.00 1.00 X 288781 0 33904 DIANE DUKES VP OF MEETINGS & EVENTS 40.00 X 163125 0 13768 DAN JENNEY VP OF STRATEGY & PROGRAMS 40.00 X 180084 0 34129 SCOTT BILLEY CHIEF OPERATING OFFICER 40.00 X 193412 0 27703 ERIN STEPHENS DEPUTY CHIEF OPERATING OFFICER 40.00 X 126498 0 6960 AMY WENSTROM DIRECTOR OF MARKETING & COMMUNICATION 40.00 X 126549 0 6880 1078449 0 123344 7 0 1 0 MARRIOTT BUSINESS SERVICES 101 BOWIE STREET SAN ANTONIO TX 78205 EVENT SERVICES 655692 NEVADA PROPERTY 1 LLC 3773 HOWARD HUGHES PARKWAY SUITE 1 LAS VEGAS NV 89169 EVENT SERVICES 514728 IMAGE AUDIOVISUAL INC 2130 S DAHLIA STREET DENVER CO 80222 EVENT SERVICES 296358 CLIFTON LARSON ALLEN LLP 220 SOOUTH 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 157235 KINSLEY & ASSOCIATES LLC 6732 W COAL MINE AVENUE 500 LITTLETON CO 80123 EVENT PLANNING 130312 7 ANNUAL SYMPOSIUMS 524298 2928391 2928391 EDUCATION REVENUE 524298 1975823 1975823 ANNUAL CONFERENCE 524298 1915483 1915483 CHAPTER SEMINARS 524298 582446 582446 PLUS REGISTRATION 524298 60720 60720 17004 17004 7479867 139382 139382 1727815 1659114 68701 68701 68701 7687950 7479867 0 208083 322685 1580234 98324 172127 88379 151346 52822 327276 333078 66314 54527 1441883 19530 79018 SYMPOSIUM EXPENSES 1361780 CHAPTER PROGRAMS 499644 DONATION TO PLUS FOUNDA 196227 RPLU PROGRAM 98053 185935 7129182 1396163 1832915 45752 627371 214108 512141 275051 205584 912076 789988 34558 122088 5526731 6199609 142805 114160 7635168 9613868 203511 1101462 821209 770921 143924 116957 1168644 1989340 X 6466524 7624528 6466524 7624528 7635168 9613868 558768 599236 0 X X 0 1 X 1 0 0 0 0 500 28668 25902 2766 431229 311907 119322 452179 452179 0 122088 OPERATING LEASE OBLIGATION 116957 116957 X 7479867 0 7479867 208083 208083 7687950 7076360 0 7076360 52822 52822 7129182 PART X, LINE 2: FIN 48 (ASC 740) DISCLOSURE: THE SOCIETY IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO FEDERAL AND STATE INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME. THE SOCIETY CURRENTLY GENERATES NO UNRELATED BUSINESS INCOME. THE SOCIETY HAD NO TAX EXPENSE IN 2023 OR 2022. THE SOCIETY REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE SOCIETY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE SOCIETY RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE SOCIETY HAS IDENTIFIED NO INCOME TAX UNCERTAINTIES. THE SOCIETY FILES INFORMATION RETURNS AS TAX-EXEMPT ORGANIZATIONS. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT INCOME & REALIZED GAIN ON INVESTMENTS SOLD 208,083. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 MAINTAIN A CHAPTER 32068 0 0 0 0 0 0 32068 0 32068 0 0 0 0 0 0 X X 0 0 0 ROBBIE THOMPSON EXECUTIVE DIRECTOR 251114 0 37667 0 0 0 0 0 33904 0 322685 0 0 0 SCOTT BILLEY CHIEF OPERATING OFFICER 181917 0 11495 0 0 0 0 0 27703 0 221115 0 0 0 DAN JENNEY VP OF STRATEGY & PROGRAMS 169634 0 10450 0 0 0 0 0 34129 0 214213 0 0 0 DIANE DUKES VP OF MEETINGS & EVENTS 153902 0 9223 0 0 0 0 0 13768 0 176893 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE SOCIETY IS A 501(C )(6) PROFESSIONAL ASSOCIATION WHOSE MEMBERS ARE INTERESTED IN THE PROMOTION AND DEVELOPMENT OF THE PROFESSIONAL LIABILITY INDUSTRY. PLUS HAS THREE CLASSES OF MEMBERS: INDIVIDUAL, CORPORATE, AND HONORARY. FORM 990, PART VI, SECTION A, LINE 7A THE SOCIETY'S BOARD OF TRUSTEES ARE ELECTED BY THE MEMBERS OF THE SOCIETY. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE WILL REVIEW THE AUDIT REPORT AND 990, AFTER WHICH THE BOARD WILL REVIEW THE 990 AND VOTE TO APPROVE THE AUDIT REPORT. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN CONFLICT OF INTEREST AGREEMENTS ONCE A YEAR. BOARD MEMBERS MUST RECUSE THEMSELVES FROM VOTES/DISCUSSIONS THAT INVOLVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE PLUS EXECUTIVE DIRECTOR COMPENSATION IS ESTABLISHED IN CONTRACT AT HIRING AND SALARY IS BASED UPON MARKET CONDITIONS, SKILLS OF THE EXECUTIVE, AND INFORMATION PROVIDED TO OR OBTAINED BY THE BOARD BY AN EXECUTIVE SEARCH FIRM. AT RENEWAL OF THE CONTRACT OF THE EXECUTIVE DIRECTOR THE BOARD BASES DECISIONS ON COMPENSATION ON FINANCIAL CONDITIONS OF THE ORGANIZATION, MARKET CONDITIONS, AND THE PERFORMANCE AND EXPECTATIONS MET BY THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR MAKES RECOMMENDATIONS TO THE PLUS BOARD OF ANNUAL SALARY INCREASES OF EMPLOYEES AND THE PLUS BOARD APPROVES OR MODIFIES AND APPROVES SUCH RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE SOCIETY COMPLIES WITH THE PUBLIC INSPECTION REQUIREMENTS OF INTERNAL REVENUE CODE SECTION 6104 BY MAKING ITS FORM 1024, APPLICATION FOR RECOGNITION OF EXEMPTION UNDER SECTION 501(A), DETERMINATION LETTER FROM THE IRS, AND THE FORMS 990 FOR ITS THREE MOST RECENTLY COMPLETED TAX PERIODS AVAILABLE TO THE PUBLIC UPON REQUEST. HOWEVER, AS SECTION 6104 DOES NOT REQUIRE ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(6) TO DISCLOSE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, OR FINANCIAL STATEMENTS, THE SOCIETY HAS CHOSEN NOT TO MAKE SUCH INFORMATION AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PLUS FOUNDATION 5353 WAYZATA BLVD 306 MINNEAPOLIS MN 55416 411903374 OUTREACH PHILANTHROPY MN 501(C)(3) 12A TYPE I N/A 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 PLUS FOUNDATION L 34595 ESTIMATED FAIR MARKET VALUE PLUS FOUNDATION O 161632 ESTIMATED FAIR MARKET VALUE