2023-11-10T17:35:57-05:00 2022-12-31 205520612 L M HENDERSON & COMPANY LLP 450 E 96TH ST STE 200 INDIANAPOLIS IN 462403797 990 2022-01-01 350539460 NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES INC NATI 3178755250 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 MARK VANDER KOOY CSO 3178755250 2023-11-10 true MARK VANDER KOOY XXX-XX-XXXX false JAMES J CLINE P00151432 3175661000 2023-11-10 2022 2023-04-26 12:10:37Z NEIL ALLDREDGE 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 20705111 false X WWW.NAMIC.ORG X 1919 IN NAMIC IS A PROPERTY-CASUALTY INSURANCE TRADE ASSSOCIATION PROVIDING LEADERSHIP IN ADVOCACY, EDUCATION, AND ASSOCIATION SERVICES. 20 20 117 20 1750 0 18033776 20596811 180850 101821 7300 5606 18221926 20704238 0 0 11174757 11534852 0 0 5329886 7756167 16504643 19291019 1717283 1413219 18221842 22000768 2694269 4428423 15527573 17572345 X NAMIC ORGANIZES AND LEADS ASSOCIATION MEMBER EFFORTS TO IMPROVE THE HEALTH AND PERFORMANCE OF THE PROPERTY CASUALTY INSURANCE THROUGH ITS GOVERNMENT AFFAIRS (ADVOCACY, LOBBYING, ISSUE MANAGEMENT, PUBLIC AFFAIRS, AND FEDERAL AND STATE GRASSROOTS EFFORTS INCLUDING POLITICAL ACTION); EDUCATION/CERTIFICATION (BOARD, EXECUTIVE, MANAGEMENT; TECHNICAL); AND INSURANCE BUSINESS SUPPORT SERVICES (PROFESSIONAL LIABILITY INSURANCE, COMPLIANCE, AND EMPLOYEE BENEFIT PROGRAMS). NAMIC'S EFFORTS ARE DIRECTED THROUGH ITS 501(C)6 PARENT ORGANIZATION AND WITHIN RELATED SUBSIDIARIES AND OTHER ENTITIES AS DESCRIBED HEREIN. false false GOVERNMENT AFFAIRS/ADVOCACY - NAMIC LEADS MEMBER EFFORTS IN THIS AREA THROUGH ITS FEDERAL, STATE AND INTERNATIONAL GOVERNMENT AND PUBLIC AFFAIRS ACTIVITY (ISSUE RESEARCH/MANAGEMENT, ADVOCACY, LOBBYING); CONGRESSIONAL CONTACT AND POLITICAL ACTION PROGRAMS, JOINT INDUSTRY OR INDIVIDUAL ADVOCACY PROJECT EFFORTS, ONGOING COMMUNICATION AND EDUCATION ON RELEVANT PUBLIC POLICY ISSUES AND RELATED ENTITY SUPPORT AND OVERSIGHT. EDUCATION AND CERTIFICATION - NAMIC DEVELOPS, ORGANIZES AND CONDUCTS IN- PERSON AND VIRTUAL INDUSTRY/MEMBER EDUCATION AND EVENT PROGRAMS ADDRESSING INSURANCE COMPANY OPERATIONS (UNDERWRITING, CLAIMS, MARKETING), GOVERNANCE, AND GENERAL/EXECUTIVE MANAGEMENT INVOLVING MORE THAN 7,500 PARTICIPANTS ANNUALLY. NAMIC ALSO PROVIDES PROGRAMMING AND ADMINISTRATION OF TWO CERTIFICATION PROGRAMS FOR MEMBER COMPANY BOARDS OF DIRECTORS AND COMPANY MANAGERS INVOLVING MORE THAN 1,200 INDIVIDUALS SEEKING OR HOLDING CERTIFICATIONS. NAMIC PLANS AND MANAGES AN ANNUAL CONVENTION ATTENDED BY MORE THAN 1,500 BUSINESS ATTENDEES AND EXHIBITORS. INSURANCE SUPPORT SERVICES - NAMIC OVERSEES THE DEVELOPMENT AND PRODUCTION OF HIGH VALUE PRODUCTS AND SERVICES TO ITS MEMBERS AND OTHER INSURANCE ENTITIES, INCLUDING PROFESSIONAL LIABILITY INSURANCE (D&O, ICPL, AND FIDELITY); MANAGEMENT SERVICES; LEGISLATION AND COMPLIANCE TRACKING SERVICES; BENCHMARKING; AND BENEFIT PROGRAMS FOR MEMBER COMPANY EMPLOYEES. false false true true false false false false false false true false true true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 46 0 117 true true true false false false true true false true false X 20 20 false false true false true true true true true false true true true true true true true true true true false IN X MARK VANDER KOOY 3178755250 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 CHARLES M CHAMNESS FORMER PRES 40.00 7.50 X 1542110 110271 35004 NEIL ALLDREDGE PRESIDENT & 40.00 8.00 X 660632 171138 58375 GREGG A DYKSTRA COO & CLO 40.00 20.00 X 223758 291448 57975 JIMI GRANDE SVP - FEDERA 40.00 X 506423 0 52325 ERIN COLLINS SVP - STATE 40.00 X 325255 0 37892 SARAH SCHNETTLER SVP - MEMBER 40.00 X 304762 0 38883 JENNIFER HAMILTON PRES. & CEO 0.00 40.00 X 0 315491 23597 THOMAS KAROL GENERAL COUN 40.00 X 230237 0 18755 CATHY IMUS VP - PUBLIC 40.00 3.00 X 189011 16436 27237 LISA HASSETT VP FINANCE 40.00 40.00 X 0 200153 7963 MARK VANDER KOOY CSO 40.00 20.00 X 56414 129808 20248 JACOB BLACK CHAIRMAN 2.00 X X 0 0 0 CHRIS BROWN DIRECTOR 2.00 X 0 0 0 DAVID GAUTSCHE DIRECTOR 2.00 X 0 0 0 ANDY GERLACH DIRECTOR 2.00 X 0 0 0 ELIZABETH HECK CHAIRMAN-ELE 2.00 X 0 0 0 WENSLEY HERBERT DIRECTOR 2.00 X 0 0 0 JEFFERY HOWELL DIRECTOR 2.00 X 0 0 0 TIM KOPPENHAVER DIRECTOR 2.00 X 0 0 0 STEVEN LINKOUS TREASURER 2.00 X 0 0 0 KEVIN MOSLEY DIRECTOR 2.00 X 0 0 0 RANDA RAWLINS DIRECTOR 2.00 X 0 0 0 MARK RUSSELL VICE CHAIR 2.00 X 0 0 0 RONALD RUTLEDGE DIRECTOR 2.00 X 0 0 0 KENT SHANTZ DIRECTOR 2.00 X 0 0 0 STEVEN C SLIVER IMMED PAST C 2.00 X 0 0 0 JESSIE STAUFFACHER DIRECTOR 2.00 X 0 0 0 STEVE STOGNER DIRECTOR 2.00 X 0 0 0 PAUL STUEVEN SECRETARY 2.00 X 0 0 0 SUSAN TAGGART DIRECTOR 2.00 X 0 0 0 MARK WALZ DIRECTOR 2.00 X 0 0 0 JEFF WROBEL DIRECTOR 2.00 X 0 0 0 4038602 1234745 378254 32 true true false EMBER LLC 59 STATE STREET NEWBURYPORT MA 01950 EVENT PLANNING 653622 FREEMAN 1600 VICEROY STE 100 DALLAS TX 75266 EXHIBIT SERVICE 121080 FEDERAL HALL POLICY ADVISORS 1455 PENNSLYVANIA AVE NW WASHINGTON DC 20004 ADVOCACY 118750 CROSSROADS STRATEGIES LLC 800 NORTH CAPITOL ST NW STE 800 WASHINGTON DC 20002 LEGAL SUPPORT 110000 EFFECTIVE DATA BASE MANAGEMENT 17820 JULIE ANN CT HAMILTON VA 20158 CONSULTING 109250 5 MEMBERSHIP DUES 524298 13807446 13807446 EDUCATIONAL MEETINGS/SEMINARS 524298 6518990 6518990 PUBLICATIONS 524298 270375 270375 20596811 101194 101194 1500 873 627 627 627 MISCELLANEOUS REVENUE 541800 3856 3856 ADVERTISING INCOME 900099 1750 1750 5606 20704238 20600667 1750 101821 2567632 1687385 5145934 462099 1082090 589712 19300 4652 839409 8044 123029 1125839 635089 3337077 4424 99766 DUES/REGSTRNS/CONTRBTNS 1067136 SOFTWARE SUBSCRIPTION 181882 BOOKS/REFERENCE MATERIALS 130847 INCOME TAX 53058 126615 19291019 0 0 0 1426 6189 5150932 7055846 2144252 1310954 310093 689855 4759692 4857922 5558486 4736258 296961 3343744 18221842 22000768 1947651 1888564 291394 803786 455224 1736073 2694269 4428423 X 15527573 17572345 15527573 17572345 18221842 22000768 X 1413219 -666399 1297952 X false true X true false false NAMIC ADVOCACY FUND 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 743030312 401140 false false false 13807466 2857156 2857156 2856761 395 NAMIC SERVICE CORPORATION 3627970 C NAMICO, INC. 686910 F NAMIC INSURANCE AGENCY 566194 C MARKET VALUE ADJUSTMENT -144816 F 4736258 RIGHT-OF-USE ASSETS 1517056 PENSION ASSET 1469727 CASH SURRENDER OF LIFE INS 356961 3343744 LEASE LIABILITY 1517056 INCOME TAXES PAYABLE 137898 PENSION LIABILITY 81119 1736073 X SCHEDULE D, PAGE 3, PART X NAMIC IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. MANAGEMENT EVALUATES ALL SIGNIFICANT INCOME TAX POSITIONS THAT IT TAKES. FOR THE YEARS ENDED DECEMBER 31, 2022 AND DECEMBER 31, 2021, MANAGEMENT DOES NOT BELIEVE THAT IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. THE COMPANIES RECOGNIZE INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE. THE COMPANIES ARE SUBJECT TO EXAMINATION BY THE TAXING AUTHORITY, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE TAX RETURNS ARE FILED. THE COMPANIES' FEDERAL AND STATE RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE FILED. X X X true true X X X X X X true true false CHARLES M CHAMNESS FORMER PRES & CEO 1087060 110271 455050 27550 7454 1577114 110271 NEIL ALLDREDGE PRESIDENT & CEO 361591 171138 209660 89381 26050 32325 719007 171138 GREGG A DYKSTRA COO & CLO 111645 145419 44052 57378 68061 88651 36700 21275 281733 291448 JIMI GRANDE SVP - FEDERAL 341718 130719 33986 23875 28450 558748 ERIN COLLINS SVP - STATE AFFAIRS 224962 63820 36473 16706 21186 363147 SARAH SCHNETTLER SVP - MEMBER EXP 244134 59054 1574 17532 21351 343645 JENNIFER HAMILTON PRES. & CEO - NAMICO 271366 44125 13584 10013 339088 THOMAS KAROL GENERAL COUNSEL- FED 224049 2158 4030 13080 5675 248992 CATHY IMUS VP - PUBLIC AFFAIRS 166092 16436 20111 2808 12120 15117 216248 16436 LISA HASSETT VP FINANCE 187461 12692 7963 208116 MARK VANDER KOOY CSO 55236 129808 1178 8504 11744 76662 129808 SCHEDULE J, PAGE 1, PART I, LINE 4 CHARLES M. CHAMNESS 0 1,101,029 0 LISA HASSETT 45,000 0 0 SCHEDULE J, PART III SCHEDULE J, PART I, LINE 4B: IN ORDER TO RETAIN EXECUTIVE MANAGEMENT, NAMIC CREATED NONQUALIFIED PLANS TO ADDRESS RETIREMENT PLAN LIMITATIONS FOR EXECUTIVE STAFF - A DEFINED BENEFIT "EXCESS" PLAN AND A DEFINED CONTRIBUTION "EXCESS" PLAN - SEPARATE UNFUNDED (NON-QUALIFIED) PLANS THAT PROVIDE A COMPARABLE BENEFIT FOR EXECUTIVE PAY IN EXCESS OF ANY QUALIFIED PLAN LIMIT. FORM 990 - ORGANIZATION'S MISSION NAMIC ORGANIZES AND LEADS ASSOCIATION MEMBER EFFORTS TO IMPROVE THE HEALTH AND PERFORMANCE OF THE PROPERTY CASUALTY INSURANCE THROUGH ITS GOVERNMENT AFFAIRS (ADVOCACY, LOBBYING, ISSUE MANAGEMENT, PUBLIC AFFAIRS, AND FEDERAL AND STATE GRASSROOTS EFFORTS INCLUDING POLITICAL ACTION); EDUCATION/CERTIFICATION (BOARD, EXECUTIVE, MANAGEMENT; TECHNICAL); AND INSURANCE BUSINESS SUPPORT SERVICES (PROFESSIONAL LIABILITY INSURANCE, COMPLIANCE, AND EMPLOYEE BENEFIT PROGRAMS). NAMIC'S EFFORTS ARE DIRECTED THROUGH ITS 501(C)6 PARENT ORGANIZATION AND WITHIN RELATED SUBSIDIARIES AND OTHER ENTITIES AS DESCRIBED HEREIN. FORM 990, PAGE 6, PART VI, LINE 4 BYLAWS WERE UPDATED TO REFLECT THE CREATION OF A RISK COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 6 NAMIC MEMBERS ELECT DIRECTORS AND APPROVE SIGNIFICANT TRANSACTIONS INVOLVING THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 7A DIRECTORS ARE ELECTED BY THE MEMBERSHIP AND MAY NOT BE REMOVED EXCEPT BY THE MEMBERS. THE OFFICER POSITIONS OF CHAIR ELECT, VICE CHAIR, SECRETARY, AND TREASURER REQUIRE THE VOTE OF THE MEMBERSHIP EACH YEAR AND MAY NOT BE REMOVED FROM OFFICE EXCEPT BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B CHANGES TO THE ARTICLES OF INCORPORATION REQUIRE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS MADE AVAILABLE TO ALL NAMIC BOARD MEMBERS FOR REVIEW AND COMMENT. THE AUDIT/FINANCE COMMITTEE OF THE BOARD IS AUTHORIZED TO APPROVE THE REPORT BEFORE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C THE DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE A DISCLOSURE EACH YEAR. IN ADDITION, DURING BOARD MEMBER ORIENTATIONS THERE IS A REVIEW OF THE CONFLICT/DISCLOSURE POLICY. THE BOARD AGENDA IS REVIEWED EACH QUARTER WITH THE EXPRESS PURPOSE OF IDENTIFYING POTENTIAL CONFLICTS INVOLVING DIRECTORS. INDIVIDUAL DIRECTORS WILL ABSTAIN FROM DISCUSSIONS AND VOTING ON ANY ITEM OR MATTER UNDER DISCUSSION WHICH PRESENTS THE APPEARANCE OF A CONFLICT. ALSO, THE CHAIRMAN OF THE BOARD IS AUTHORIZED TO IDENTIFY POTENTIAL CONFLICTS AND ADDRESS THEM ON HIS/HER OWN INITIATIVE. ANY IDENTIFIED CONFLICTS (AND RESULTING ABSTENTIONS) ARE NOTED IN THE MINUTES OF THE MEETING. FORM 990, PAGE 6, PART VI, LINE 15A RELEVANT SALARY SURVEYS ARE CONSULTED AND A MEMO IS PROVIDED TO THE COMPENSATION COMMITTEE REGARDING APPROPRIATE MARKET VALUE SALARY RANGES. THE COMMITTEE REVIEWS SALARIES ANNUALLY AND SETS THE PRESIDENT'S SALARY AND SETS UP BONUS PLANS. FORM 990, PAGE 6, PART VI, LINE 15B THE NAMIC COMPENSATION COMMITTEE REVIEWS THE ENTIRE COMPENSATION BUDGET FOR THE ASSOCIATION. INTERNALLY, HUMAN RESOURCES AND UPPER MANAGEMENT REVIEW AND ESTABLISH OFFICER AND KEY EMPLOYEE SALARIES. FORM 990, PAGE 6, PART VI, LINE 19 NAMIC MAKES ALL REQUIRED DOCUMENTS AVAILABLE TO ITS MEMBERS AND TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9 CURRENT YEAR INCOME FROM SUBSIDIARIES 214,377 RECOGNITION OF PERIODIC PENSION COST 1,135,178 EQUITY IN LOSS OF AFFILIATES -51,603 TOTAL 1,297,952 NAMIC GROUP INSURANCE TRUST PO BOX 68700 INDIANAPOLIS IN 46268 351545846 BENEFITS IN 501C9 NAMIC INC false NTL ASSOC OF MUTUAL INSUR CO ADMIN FD - 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 743030312 PAC SUPPOR IN 527 NAMIC INC false NTL ASSOC OF MUTUAL INSUR CO PAC 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 351768626 PAC SUPPOR IN 527 NA false NAMIC MUTUAL INSURANCE FDN 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 822815065 EDUCATION IN 501C3 7 NAMIC INC false NAMIC SERVICE CORPORATION 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 351176317 MGMNT-INS. 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