2023-11-14T09:04:44-06:00 2022-12-31 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2022-01-01 230724010 INSURANCE SOCIETY OF PHILADELPHIA INSU 2158678102 1120 ROUTE 73 200 MT LAUREL NJ 08054 STEVEN SKOWRONSKI TREASURER 2158678102 2023-11-13 1 STEVEN SKOWRONSKI 999009999 0 HELEN M MARTIN P01330899 2158818800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVEN SKOWRONSKI 1120 ROUTE 73 200 MT LAUREL NJ 08054 668425 0 X WWW.INSURANCESOCIETY.ORG X 1901 PA TO EDUCATE AND PROMOTE PROFESSIONALISM, TALENT DEVELOPMENT, SCHOLARSHIP AND NETWORKING IN THE INSURANCE, LEGAL, AND FINANCIAL SERVICES INDUSTRIES. 29 29 0 29 0 0 28033 374900 45000 20000 36513 37096 0 -22577 109546 409419 91500 105752 0 0 0 25002 0 0 67822 214727 334875 306227 465629 -196681 -56210 1842407 1683624 68811 124232 1773596 1559392 TO EDUCATE AND PROMOTE PROFESSIONALISM, TALENT DEVELOPMENT, SCHOLARSHIP AND NETWORKING IN THE INSURANCE, LEGAL AND FINANCIAL SERVICES INDUSTRIES. 0 0 114659 105752 20000 FURTHER THE INSURANCE SOCIETY'S MISSION TO EDUCATE BY PROVIDING SCHOLARSHIPS TO STUDENTS ENGAGED IN THE STUDY OF RISK MANAGEMENT, INSURANCE OR INSURANCE RELATED INDUSTRIES ALONG WITH ENGAGING THEM IN NETWORKING EVENTS. 114659 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 0 0 0 PA X ASSOCIATION HEADQUARTERS 8574374773 1120 ROUTE 73-SUITE 200 MT LAUREL NJ 08054 EDWARD HANNA CHAIR 0.50 X X 0 0 0 ROGER C FELL PAST CHAIR 0.50 X X 0 0 0 ANN MARIE SNYDER VICE CHAIR 0.50 X X 0 0 0 STEVEN SKOWRONSKI TREASURER 0.50 X X 0 0 0 DAVID RUSSO SECRETARY 0.50 X X 0 0 0 JASMINE AFANADOR BOARD MEMBER 0.50 X 0 0 0 JIM AMENDOLA BOARD MEMBER 0.50 X 0 0 0 FREDERICK ANTON BOARD MEMBER 0.50 X 0 0 0 KAREN BERIGAN BOARD MEMBER 0.50 X 0 0 0 BUTLER BUCHANAN III BOARD MEMBER 0.50 X 0 0 0 MARY ANN COOK BOARD MEMBER 0.50 X 0 0 0 LINDSEY DIGANGI BOARD MEMBER 0.50 X 0 0 0 JOHN DORMUTH BOARD MEMBER 0.50 X 0 0 0 BRIAN GRIMM BOARD MEMBER 0.50 X 0 0 0 DENISE HUNTER BOARD MEMBER 0.50 X 0 0 0 DANIELLE HARRISON BOARD MEMBER 0.50 X 0 0 0 MARYANN HOFF BOARD MEMBER 0.50 X 0 0 0 KATE HORN BOARD MEMBER 0.50 X 0 0 0 KYLE MISCHLER BOARD MEMBER 0.50 X 0 0 0 ERIC MITCHELL BOARD MEMBER 0.50 X 0 0 0 MIKE PETTINELLI BOARD MEMBER 0.50 X 0 0 0 CARMELA ROBINSON BOARD MEMBER 0.50 X 0 0 0 DIANNE SALTER BOARD MEMBER 0.50 X 0 0 0 JULIANNE SHILLINGTON BOARD MEMBER 0.50 X 0 0 0 MELISSA SCHEFFLER BOARD MEMBER 0.50 X 0 0 0 THOMAS J TRULLINGER BOARD MEMBER 0.50 X 0 0 0 EYAD KABBANI BOARD MEMBER 0.50 X 0 0 0 LAURA TRAVIS BOARD MEMBER 0.50 X 0 0 0 DAVID OSUCH BOARD MEMBER 0.50 X 0 0 0 ROBERT POLISENO VICE CHAIR (THRU 6/22) 0.50 X 0 0 0 BRIAN CLOUSE BOARD MEMBER (THRU 9/22) 0.50 X 0 0 0 JENNIFER CORRY BOARD MEMBER (THRU 9/22) 0.50 X 0 0 0 JAMES DECKER BOARD MEMBER (THRU 6/22) 0.50 X 0 0 0 JOSEPH P MAHER EXECUTIVE DIRECTOR 10.00 X 25002 0 0 25002 0 0 0 0 0 0 ASSOCIATION HEADQUARTERS INC 1120 ROUTE 73 SUITE 200 MT LAUREL NJ 08054 OPERATION AND MANAGEMENT SERVICES 261270 1 36640 338260 374900 I- DAY MANAGEMENT FEE 541610 20000 20000 20000 29298 29298 140137 132339 7798 7798 7798 104090 338260 126667 -22577 -22577 409419 20000 0 14519 105752 105752 25002 25002 249043 211687 37356 12600 12600 1407 1407 6433 6433 4720 4720 123 123 1558 1558 2880 2880 4382 4382 OTHER FUNDRAISING EXPEN 30466 30466 NEXT GEN PROGRAM EXPENS 8907 8907 DEFERRED COMPENSATION 5325 5325 CONTRACT SERVICES 4167 4167 2864 2864 465629 114659 283148 67822 76560 213735 280738 187071 15000 50150 9986 2657 14400 13200 4080 1200 78769 189669 1377274 1039142 1842407 1683624 21837 64761 4684 12794 42290 46677 68811 124232 X 1773596 1559392 1773596 1559392 1842407 1683624 -56210 -153615 -4379 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14400 13200 1200 1200 CERTIFICATES OF DEPOSIT MATURING THRU 5/2025 766000 C PARNASSUS MID CAP FUND INSTITUTIONAL CLASS 114412 F VANGUARD FTSE SOCIAL INDEX FUND ADMIRAL SHRS 155578 F INTEREST RECEIVABLE 3152 C 1039142 DEFERRED COMPENSATION 32797 DUE TO I-DAY 13880 46677 X 273643 -153615 22218 -131397 405040 4379 4379 409419 487847 22218 22218 465629 0 465629 PART X, LINE 2: THE INTERNAL REVENUE SERVICE ("IRS") HAS CLASSIFIED THE SOCIETY AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE"). ACCORDINGLY, ONLY ITS UNRELATED BUSINESS INCOME, OF WHICH THERE WAS NONE FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, IS TAXED. THE IRS HAS NOT CLASSIFIED THE SOCIETY AS A PRIVATE FOUNDATION. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY, IF THE SOCIETY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A GOVERNMENT AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SOCIETY AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2022 AND 2021, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SOCIETY RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX RELATED INTEREST AND PENALTIES RECORDED FOR EITHER OF THE YEARS ENDED DECEMBER 31, 2022 OR 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 22,218. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 22,218. 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WHILE NOT PUBLICIZED ON OUR WEBSITE, THE INSURANCE SOCIETY OF PHILADELPHIA HAS MAINTAINED A NON-DISCRIMINATORY POLICY AND HAVE PUBLICIZED IT IN THE PAST. OUR WEBSITE IS STILL IN THE PROCESS OF BEING UPDATED AND ENHANCED AND WILL CONTAIN AN UPDATED STATEMENT WHEN COMPLETED. SCHEDULE E, PART I, LINE 4 ALL COURSES, PROFESSIONAL DEVELOPMENT AND CONTINUING EDUCATION ARE OPEN TO THE PUBLIC GALA 431130 332480 98650 97681 5551 16667 NEXGEN GOLF CLINIC 11220 5780 5440 381 6387 442350 338260 104090 381 104068 5551 16667 126667 -22577 1 SCHOLARSHIPS 21 105752 PART I, LINE 2: GRANT FUND DISBURSEMENTS PAID TO INDIVIDUALS ARE ALSO MADE PAYABLE TO AND REQUIRE ENDORSEMENTS BY THE EDUCATIONAL INSTITUTION, THEREFORE ENSURING THAT THE FUNDS ARE EXCLUSIVELY FOR PAYMENT OF EDUCATIONAL EXPENSES AT THE SCHOOL INDICATED DURING THE GRANT PROCESS. FORM 990, PART VI, SECTION A, LINE 3 ALL OPERATIONS AND MANAGEMENT SERVICES ARE PROVIDED BY ASSOCIATION HEADQUARTERS, INC. THE ORGANIZATION NO LONGER HAS EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS FILED AND SUBSEQUENTLY PROVIDES COPIES TO THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12 IN ADDITION TO ITS CONFLICT OF INTEREST POLICY, ISOP ALSO HAS AN EXISTING ANTITRUST STATEMENT AS FOLLOWS: IT IS THE POLICY OF THE INSURANCE SOCIETY OF PHILADELPHIA, (ISOP), AND IT IS THE RESPONSIBILITY OF EVERY ISOP MEMBER COMPANY, TO COMPLY IN ALL RESPECTS WITH FEDERAL AND STATE ANTITRUST LAWS. IN THIS REGARD, WE WILL NOT ENGAGE IN ANY ACTIVITY OR DISCUSSION FOR THE PURPOSE OF BRINGING ABOUT ANY UNDERSTANDING OR AGREEMENT AMONG THE MEMBERSHIP TO: RAISE, LOWER OR STABILIZE PRICES; REGULATE PRODUCTION; ALLOCATE MARKETS; ENCOURAGE BOYCOTTS; FOSTER ON FAIR TRADE PRACTICES; ASSIST IN ANY MONOPOLIZATION EFFORTS; OR IN ANY WAY VIOLATE FEDERAL OR STATE ANTITRUST LAWS. THIS PROHIBITION INCLUDES THE EXCHANGE OF INFORMATION CONCERNING INDIVIDUALIZED PRICES, RATES, COVERAGES, MARKET PRACTICES, CLAIMS SETTLEMENT PRACTICES, OR ANY OTHER COMPETITIVE ASPECT OF AN INDIVIDUAL COMPANY'S OR MEMBER'S OPERATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE FOR INSPECTION AT THE OFFICE OF THE ORGANIZATION. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANTS AND THE REVIEW AND APPROVAL OF THE ANNUAL 990. THIS PROCESS IS UNCHANGED FROM PRIOR YEAR.