2023-09-18T08:11:50-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2022-01-01 061328907 INSURED RETIREMENT INSTITUTE INC INSU 2024693000 1100 VERMONT AVENUE NW 10TH FLOOR WASHINGTON DC 20005 WAYNE CHOPUS PRESIDENT AND CEO 2024693000 2023-09-13 1 WAYNE CHOPUS XXX-XX-XXXX 0 ROBERT WILLIAMS P01345960 5712279500 2023-09-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WAYNE CHOPUS 1100 VERMONT AVENUE NW 10TH FLOOR WASHINGTON DC 20005 7855248 0 X WWW.IRIONLINE.ORG X 1991 CT TO PROMOTE UNDERSTANDING OF AND ADVOCATE ON ISSUES AFFECTING INSURED RETIREMENT STRATEGIES. 38 37 22 45 0 0 0 0 6802393 7582946 75 -9325 67787 270315 6870255 7843936 0 0 0 0 4260678 4761023 0 0 0 2352424 2679609 6613102 7440632 257153 403304 7466571 7829524 6407511 6367160 1059060 1462364 THE MISSION OF THE INSURED RETIREMENT INSTITUTE IS TO: CHAMPION RETIREMENT SECURITY FOR ALL AMERICANS THROUGH LEADERSHIP IN ADVOCACY, AWARENESS, RESEARCH, AND ADVANCEMENT OF TECHNOLOGY SOLUTIONS WITHIN A COLLABORATIVE INDUSTRY COMMUNITY. 0 0 CONFERENCES:CONFERENCES BRING TOGETHER MEMBERS AND OTHERS INTERESTED IN ANNUITY AND VARIABLE LIFE PRODUCTS TO EDUCATE THEM ON CURRENT ISSUES, PRODUCT FEATURES AND BENEFITS. MEMBER SERVICES:MEMBERSHIP SERVICES PROVIDES EDUCATION AND INFORMATION TO ASSOCIATION MEMBERS. PUBLICATIONS: THE ASSOCIATION PUBLISHES AND MAKES AVAILABLE TO MEMBERS A NUMBER OF BROCHURES AND BOOKLETS FOR USE IN INFORMING AND EDUCATING CONSUMERS ABOUT ANNUITY AND VARIABLE LIFE PRODUCTS. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 24 0 1 22 1 0 0 0 0 0 0 0 0 0 0 X 38 37 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X WAYNE CHOPUS 2024693000 1100 VERMONT AVENUE NW 10TH FL WASHINGTON DC 20005 WAYNE CHOPUS PRESIDENT & CEO 40.00 X X 958921 0 34752 TERRI FIEDLER EXECUTIVE OFFICER, CHAIR 2.00 X X 0 0 0 JOHN KENNEDY EXECUTIVE OFFICER, IMMEDIATE PAST CHAIRMAN 2.00 X X 0 0 0 PHILIP PELLEGRINO EXECUTIVE OFFICER, VICE CHAIR 2.00 X X 0 0 0 PAULA NELSON EXECUTIVE OFFICER, TREASURER / SECRETARY 2.00 X X 0 0 0 JACOB ARMSTRONG DIRECTOR 2.00 X 0 0 0 DOUG BRIGMAN DIRECTOR 2.00 X 0 0 0 MELISSA BUCCILLI DIRECTOR 2.00 X 0 0 0 WAYNE CHOPUS DIRECTOR 2.00 X 0 0 0 GRAHAM DAY DIRECTOR 2.00 X 0 0 0 MICHAEL EUSTIC DIRECTOR 2.00 X 0 0 0 DEV GANGULY DIRECTOR 2.00 X 0 0 0 CHRISTOPHER GRADY DIRECTOR 2.00 X 0 0 0 MARCI GREEN DIRECTOR 2.00 X 0 0 0 ERIC HENDERSON DIRECTOR 2.00 X 0 0 0 ROBERT JAMEISON DIRECTOR 2.00 X 0 0 0 KEVIN KENNEDY DIRECTOR 2.00 X 0 0 0 MELISSA KIVETT DIRECTOR 2.00 X 0 0 0 MYLES LAMBERT DIRECTOR 2.00 X 0 0 0 PETE LANDRY DIRECTOR 2.00 X 0 0 0 CHRISTIE LOFTUS DIRECTOR 2.00 X 0 0 0 BILL LOWE DIRECTOR 2.00 X 0 0 0 PAUL LUCAS DIRECTOR 2.00 X 0 0 0 A ROGER MARINZOLI DIRECTOR 2.00 X 0 0 0 BOB MCGOWAN DIRECTOR 2.00 X 0 0 0 JOE NEARY DIRECTOR 2.00 X 0 0 0 JAMIE OHL DIRECTOR 2.00 X 0 0 0 LAURA PANTALEO DIRECTOR 2.00 X 0 0 0 ROBERT PETTMAN DIRECTOR 2.00 X 0 0 0 SRINIVAS REDDY DIRECTOR 2.00 X 0 0 0 KATHERINE ROY DIRECTOR 2.00 X 0 0 0 STEVE SCANLON DIRECTOR 2.00 X 0 0 0 JOHN SCHOBEL DIRECTOR 2.00 X 0 0 0 JOE SCHULTZ DIRECTOR 2.00 X 0 0 0 WESLEY SEVERIN DIRECTOR 2.00 X 0 0 0 MICHAEL STURM DIRECTOR 2.00 X 0 0 0 TODD TAYLOR DIRECTOR 2.00 X 0 0 0 JOSEPH TOLEDANO DIRECTOR 2.00 X 0 0 0 COREY WALTHER DIRECTOR 2.00 X 0 0 0 CHRIS ADAM DIRECTOR (LEFT BEFORE YE) 2.00 X 0 0 0 BLAKE BOSTWICK DIRECTOR (LEFT BEFORE YE) 2.00 X 0 0 0 JOHN DAVIS DIRECTOR (LEFT BEFORE YE) 2.00 X 0 0 0 JOSEPH FOURNIER DIRECTOR (LEFT BEFORE YE) 2.00 X 0 0 0 IAN MACEACHERN DIRECTOR (LEFT BEFORE YE) 2.00 X 0 0 0 GEORGE RIEDEL DIRECTOR (LEFT BEFORE YE) 2.00 X 0 0 0 TIM WALSH DIRECTOR (LEFT BEFORE YE) 2.00 X 0 0 0 CHRISTINA BRADY CHIEF OPERATING OFFICER 40.00 X 302315 0 29246 JASON BERKOWITZ CHIEF LEGAL & REGULATORY AFFAIRS OFFICER 40.00 X 345661 0 35545 PAUL RICHMAN CHIEF GOVERNMENT & POLITICAL AFFAIRS OFFICER 40.00 X 314168 0 27310 SHANI ARMON CHIEF MEMBERSHIP & MARKETING OFFICER 40.00 X 225240 0 18338 DANIEL ZIELINSKI CHIEF STRATEGIC COMMUNICATIONS OFFICER 40.00 X 205032 0 31250 FRANCIS O'CONNOR VP, RESEARCH AND OUTREACH 40.00 X 190043 0 29960 SARAH WOOD DIRECTOR OF STATE POLICY AND REGULATORY AFFAIRS 40.00 X 153220 0 12116 EMILY MICALE DIRECTOR, FEDERAL REGULATORY AFFAIRS 40.00 X 146093 0 15490 2840693 0 234007 15 0 1 0 MARRIOTT BUSINESS SERVICES PO BOX 402642 ATLANTA GA 303842642 IRI ANNUAL CONFERENCE VENUE 314488 GROOM LAW GROUP CHARTERED 1701 PENNSYLVANIA AVE NW 1200 WASHINGTON DC 200065811 LEGAL SERVICES 201583 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET STE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 191239 FORBES TATE PARTNERS LLC 3317 S HIGHLEY RD 114-473 GILBERT AZ 852975466 LOBBYING SERVICES 180000 LSAV POWERHOUSE 3912 WEST MCLEAN AVENUE CHICAGO IL 606475973 IRI ANNUAL CONFERENCE A/V PROVIDER 171462 7 MEMBERSHIP DUES 611710 4972500 4972500 PREMIER ALLIANCE PROGR 611710 1030000 1030000 CONFERENCES 611710 937151 937151 INDUSTRY WIDE TRAINING 611710 634778 634778 PUBLICATIONS 611710 8517 8517 7582946 1374 1374 269076 0 269076 269076 269076 613 11312 -10699 -10699 -10699 OTHER INCOME 611710 1239 1239 1239 7843936 7584185 0 259751 2047918 2218381 89006 170256 235462 15266 216118 201000 293448 14088 191777 339779 51879 122824 852705 319789 31383 PROFESSIONAL DEVELOPMEN 29461 PROPERTY TAX/LICENCES 92 7440632 4223501 4749312 753434 1001367 262945 188325 171493 318132 930099 806822 184997 123277 1870201 1449111 7466571 7829524 272291 185600 3957500 4476140 2177720 1705420 6407511 6367160 X 1059060 1462364 1059060 1462364 7466571 7829524 403304 0 X 0 1 X 1 0 0 0 0 INSURED RETIREMENT INSTITUTE POLITICAL ACTION COMMITTEE 1100 VERMONT AVENUE NW 10TH FLOOR WASHINGTON DC 20005 273719919 0 0 1 4885000 621991 -566510 55481 732750 -677269 424226 321705 102521 505873 485117 20756 123277 DEFERRED COMPENSATION 729652 SECURITY DEPOSIT 24193 OFFICE LEASE RIGHT-OF-USE-ASSET, NET 627781 COPIER LEASE RIGHT-OF-USE-ASSET, NET 67485 1449111 DEFERRED COMPENSATION 729652 OFFICE LEASE RIGHT-OF-USE-LIABILITY, NET 854551 COPIER LEASE RIGHT-OF-USE-LIABILITY, NET 73438 SECURITY DEPOSIT 23421 DEFERRED RENT 24358 1705420 X PART X, LINE 2: THE INSTITUTE EVALUATES UNCERTAINTY IN INCOME TAX POSITIONS BASED ON A MORE-LIKELY-THAN-NOT RECOGNITION STANDARD. IF THAT THRESHOLD IS MET, THE TAX POSITION IS THEN MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. AS OF DECEMBER 31, 2022, THERE ARE NO ACCRUALS FOR UNCERTAIN TAX POSITIONS. IF APPLICABLE, THE INSTITUTE RECORDS INTEREST AND PENALTIES AS A COMPONENT OF INCOME TAX EXPENSE. TAX YEARS FROM 2019 THROUGH THE CURRENT YEAR REMAIN OPEN FOR EXAMINATION BY TAX AUTHORITIES. X 0 0 0 WAYNE CHOPUS PRESIDENT & CEO 583921 0 375000 0 0 0 15250 0 19502 0 993673 0 0 0 JASON BERKOWITZ CHIEF LEGAL & REGULATORY AFFAIRS OFF 299232 0 46429 0 0 0 15250 0 20295 0 381206 0 0 0 PAUL RICHMAN CHIEF GOVERNMENT & POLITICAL AFFAIRS 263698 0 50470 0 0 0 13039 0 14271 0 341478 0 0 0 CHRISTINA BRADY CHIEF OPERATING OFFICER 247115 0 55200 0 0 0 12750 0 16496 0 331561 0 0 0 SHANI ARMON CHIEF MEMBERSHIP & MARKETING OFFICER 186459 0 38781 0 0 0 9377 0 8961 0 243578 0 0 0 DANIEL ZIELINSKI CHIEF STRATEGIC COMMUNICATIONS OFFIC 181189 0 23843 0 0 0 9561 0 21689 0 236282 0 0 0 FRANCIS O'CONNOR VP, RESEARCH AND OUTREACH 168457 0 21586 0 0 0 8921 0 21039 0 220003 0 0 0 SARAH WOOD DIRECTOR OF STATE POLICY AND REGULAT 137420 0 15800 0 0 0 4850 0 7266 0 165336 0 0 0 EMILY MICALE DIRECTOR, FEDERAL REGULATORY AFFAIRS 135793 0 10300 0 0 0 6933 0 8557 0 161583 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT/CHIEF EXECUTIVE OFFICER (CEO)'S PERFORMANCE ANNUALLY AND DETERMINES THE OFFICER'S SALARY INCREASE OR BONUS. FORM 990, PART VI, SECTION A, LINE 1A THERE SHALL BE AN EXECUTIVE COMMITTEE COMPOSED OF THE CHAIR, IMMEDIATE PAST CHAIR (IF STILL IN SERVICE AS A DULY ELECTED DIRECTOR), PRESIDENT, VICE CHAIR, TREASURER, SECRETARY, AND SUCH OTHER DIRECTORS AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE HAS AUTHORITY TO TAKE ACTION FOR THE CORPORATION IN ACCORDANCE WITH ITS CERTIFICATE OF INCORPORATION AND BYLAWS AND THE POLICIES AND INSTRUCTIONS OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL BE RESPONSIBLE FOR DEVELOPING AN ANNUAL BUDGET FOR FINANCING OF THE CORPORATION FOR THE COMING CALENDAR YEAR AND RECOMMENDING SAID BUDGET TO THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL MEET UPON THE CALL OF ANY OF ITS MEMBERS, STATING THE TIME AND PLACE OF THE MEETING. A MAJORITY OF THE EXECUTIVE COMMITTEE, PRESENT IN PERSON OR BY MEANS OF CONFERENCE TELEPHONE OR SIMILAR COMMUNICATIONS EQUIPMENT, SHALL CONSTITUTE A QUORUM FOR THE PURPOSE OF TRANSACTING BUSINESS. INDIVIDUAL MEMBERS OF THE EXECUTIVE COMMITTEE MAY SERVE UP TO THREE (3) ANNUAL TERMS ON THE COMMITTEE, AFTER WHICH A PERIOD OF TWO (2) CONSECUTIVE YEARS SHALL PASS BEFORE SUCH INDIVIDUAL WILL AGAIN BE ELIGIBLE TO SERVE ON THE EXECUTIVE COMMITTEE; PROVIDED, HOWEVER, THAT AN INDIVIDUAL MEMBER MAY REMAIN ON THE EXECUTIVE COMMITTEE SUBSEQUENT TO THE COMPLETION OF THREE (3) ANNUAL TERMS FOR AS LONG AS THE DIRECTOR IS ALSO SERVING AS AN OFFICER OF THE CORPORATION IN ACCORDANCE WITH ARTICLE VIII OF THESE BYLAWS. FULFILLING THE INCOMPLETE TERM OF A FORMER MEMBER OF THE EXECUTIVE COMMITTEE WILL NOT BE CONSIDERED PART OF AN INDIVIDUAL'S TERM FOR PURPOSES OF THE TERM LIMITS SPECIFIED IN THIS SECTION. NOTWITHSTANDING THE FOREGOING, THE BOARD OF DIRECTORS, BY THE VOTE OF A MAJORITY OF ITS MEMBERS, MAY AUTHORIZE AN INDIVIDUAL MEMBER TO SERVE ON THE EXECUTIVE COMMITTEE BEYOND THE TERM LIMITS SPECIFIED IN THIS SECTION. THE TERM LIMITS SPECIFIED IN THIS SECTION APPLY ONLY TO NATURAL PERSONS AND WILL NOT PRECLUDE ANY MEMBER OF THE CORPORATION FROM BEING REPRESENTED ON THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 INSURED RETIREMENT INSTITUTE, INC. (IRI) HAS ONLY ONE CLASS OF MEMBERS. ANY PERSON OR ENTITY THAT HAS AN INTEREST IN THE RETIREMENT INCOME INDUSTRY MAY BE ELIGIBLE TO BECOME A MEMBER OF THE CORPORATION. ADDITIONAL MEMBERSHIP ELIGIBILITY REQUIREMENTS MAY BE ESTABLISHED BY THE BOARD OF DIRECTORS FROM TIME TO TIME. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER SHALL BE ENTITLED TO ONE VOTE FOR THE ELECTION OF DIRECTORS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B CLIFTONLARSONALLEN LLP WILL PROVIDE THE COMPLETED 990 TO IRI. THE CHIEF OPERATING OFFICER WILL REVIEW THE 990 AND MAKE SURE IT BALANCES BACK TO THE FINANCIAL STATEMENTS. THEN THE PRESIDENT/CHIEF EXECUTIVE OFFICER WILL REVIEW AND SIGN THE 990. A COPY OF THE 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS. IF THERE IS SUFFICIENT TIME BEFORE THE FILING DUE DATE, THE BOARD WILL REVIEW, DISCUSS, AND APPROVE THE 990 BEFORE IT IS MAILED TO THE IRS. OTHERWISE, THE BOARD WILL REVIEW, DISCUSS AND APPROVE OR RECOMMEND AN AMENDMENT OF THE 990 AFTER IT HAS BEEN MAILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REQUIRES ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES TO COMPLETE AND SUBMIT AN ANNUAL STATEMENT OF DISCLOSURE DETAILING ANY FACTS OR CIRCUMSTANCES THAT MIGHT CONSTITUTE A CONFLICT OF INTEREST. THE BOARD OF DIRECTORS FURTHER REQUIRES DIRECTORS, OFFICERS AND KEY EMPLOYEES TO SUBMIT AN AMENDED STATEMENT OF DISCLOSURE TO REFLECT ANY MATERIAL CHANGES OR ADDITIONS TO THE SUBMITTED INFORMATION THAT MAY ARISE DURING THE COURSE OF THE YEAR. DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE ENCOURAGED TO ERR ON THE SIDE OF DISCLOSURE AND TO REPORT ANY SET OF CIRCUMSTANCES THAT MAY APPEAR TO POSE A CONFLICT OF INTEREST, EVEN IF THERE IS UNCERTAINTY AS TO WHETHER SUCH CIRCUMSTANCES SHOULD BE DISCLOSED. THE BOARD OF DIRECTORS WILL DETERMINE WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, AND WHETHER OR NOT SUCH CONFLICT MATERIALLY AND ADVERSELY AFFECTS THE INTERESTS OF THE CORPORATION. A DIRECTOR, OFFICER OR KEY EMPLOYEE WHOSE POTENTIAL CONFLICT IS UNDER REVIEW MAY NOT DEBATE, VOTE, OR OTHERWISE PARTICIPATE IN SUCH DETERMINATION. IF THE BOARD OF DIRECTORS DETERMINES THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST DOES EXIST, THE BOARD SHALL ALSO DETERMINE WHETHER THE CONFLICT SHOULD BE WAIVED OR IDENTIFY AN APPROPRIATE REMEDY. SUCH REMEDY MAY INCLUDE, FOR EXAMPLE, THE RECUSAL OF THE CONFLICTED DIRECTOR, OFFICER OR KEY EMPLOYEE FROM PARTICIPATING IN CERTAIN MATTERS PENDING BEFORE THE BOARD. THE BOARD OF DIRECTORS HAS DELEGATED ITS AUTHORITY TO REVIEW AND RESOLVE POTENTIAL CONFLICTS OF INTEREST TO THE EXECUTIVE COMMITTEE. ONLY DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE MAY PARTICIPATE IN ANY SUCH REVIEW. THE EXECUTIVE COMMITTEE SHALL INFORM THE BOARD OF ITS DETERMINATION AND RECOMMENDED ACTION. THE BOARD RETAINS THE RIGHT TO MODIFY OR REVERSE SUCH DETERMINATION AND ACTION, AND RETAINS THE ULTIMATE ENFORCEMENT AUTHORITY WITH RESPECT TO THE INTERPRETATION AND APPLICATION OF THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT/CHIEF EXECUTIVE OFFICER (CEO)'S PERFORMANCE ANNUALLY AND DETERMINES THE OFFICER'S SALARY INCREASE OR BONUS. THE PRESIDENT/CEO DETERMINES COMPENSATION ADJUSTMENTS FOR ALL OTHER STAFF. JOB DESCRIPTIONS WERE UPDATED IN 2020 AND A COMPLETE COMPENSATION REVIEW WAS CONDUCTED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. INSURED RETIREMENT INSTITUTE POLITICAL ACTION COMMITTEE 1100 VERMONT AVENUE NW 10TH FL WASHINGTON DC 20005 273719919 POLITICAL ACTION COMMITTEE DC 527 INSURED RETIREMENT INSTITUTE INC 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0