2025-05-07T15:40:07-05:00 2024-12-31 363168081 SIKICH LLC 1415 W DIEHL RD SUITE 400 NAPERVILLE IL 605632349 990 2024-01-01 361516660 PROPERTY LOSS RESEARCH BUREAU PROP 6307242200 3025 HIGHLAND PARKWAY 800 DOWNERS GROVE IL 60515 BRYAN FALCHUK PRESIDENT & CEO 6307242200 2025-05-07 1 1 HEATHER BONIFAS CPA P01711657 6305668400 2025-05-07 2024 2025-03-06 01:10:19Z DBA PROPERTY AND LIABILITY RESOURCE BUREAU BRYAN FALCHUK 3025 HIGHLAND PARKWAY 800 DOWNERS GROVE IL 60515 22257491 0 X WWW.PLRB.ORG X 1977 IL RESOURCING THE PROPERTY AND CASUALTY INSURANCE INDUSTRY THROUGH CONSULTING AND TRAINING. 9 9 49 300 0 0 857379 0 11598202 11497324 722428 1177389 5278 5044 13183287 12679757 0 5000 0 0 8072876 8541708 0 0 0 3241237 3030791 11314113 11577499 1869174 1102258 30542376 30887405 9694014 8582938 20848362 22304467 OUR MISSION IS TO SUPPORT THE PROPERTY & CASUAL INSURANCE INDUSTRY IN THE UNITED STATES IN THE PROVISION OF COVERAGE AND ADJUDICATION OF CLAIMS. 0 0 EDUCATION AND TRAINING, LEGAL AND CLAIMS RESEARCH SERVICES, AND OTHER SERVICES. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 49 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X BRYAN FALCHUK 6307242200 3025 HIGHLAND PARKWAY 800 DOWNERS GROVE IL 60515 STEPHEN MRAZ DIRECTOR 1.00 X 0 0 0 BRIAN POZZI DIRECTOR 1.00 X 0 0 0 PAUL EDWARDS DIRECTOR 1.00 X 0 0 0 TIM CONSTIEN DIRECTOR 1.00 X 0 0 0 JOHN MICHELI DIRECTOR 1.00 X 0 0 0 JAMEY CZAPLA DIRECTOR 1.00 X 0 0 0 BRYON NELSON DIRECTOR 1.00 X 0 0 0 SHANNON O'BRIEN DIRECTOR 1.00 X 0 0 0 MEG WEIST DIRECTOR(END 09/19/24) 1.00 X 0 0 0 JENNIFER REYES DIRECTOR 1.00 X 0 0 0 RICHARD LONG CHAIRMAN 1.00 X 0 0 0 BRYAN FALCHUK PRESIDENT & CEO & INTERIM TREASURER 36.00 X 624000 0 93061 LEONARD MURPHY SENIOR VP & GENERAL COUNSEL 36.00 X 350750 0 87391 ELIZABETH STERNE SENIOR VP PROPERTY LEGAL SERVICES & SECRETARY 36.00 X 331250 0 78863 JEFFREY KERENSKY SENIOR VP - MEMBERSHIP 36.00 X 293250 0 86281 DANIELA WEISZHAR VP - MARKETING 36.00 X 258500 0 37987 MICHAEL BRODE VP MEETINGS & EDUCATION 36.00 X 240500 0 80590 PETER BECKER VP INFORMATION SERVICES 36.00 X 260250 0 73264 RANSELLA WAGNER CA COUNSEL & LAW REVIEW EDITOR 36.00 X 144050 0 68195 THOMAS O' DOWD SENIOR MARKETING & EXHIBITS MANGER 36.00 X 142750 0 56546 PATRICK BIGGINS COUNSEL 36.00 X 142170 0 67917 MARK LOGALBO COUNSEL 36.00 X 141790 0 68009 TIMOTHY HAVLIR COUNSEL 36.00 X 135102 0 33005 3064362 0 831109 30 0 1 0 LEVY RESTAUANTS 980 N MICHIGAN AVE STE 400 CHICAGO IL 60611 FOOD & BEVERAGE 473803 ROGER KING INC 4175 S FREMONT AVE SUITE 101 TUCSON AZ 85714 AV 254729 ACTUALIZE STUDIO LLC 1821 PARKLAWN DRIVE 320 ROCKVILLE MD 20852 WEBSITE DEVELOPMENT 248192 ANAHEIM MARRIOTT 700 W CONVENTION WAY ANAHEIM CA 92802 VENUE, FOOD & BEVERAGE 166167 MARRIOTT INTERNATIONAL 540 N MICHIGAN AVE CHICAGO IL 60611 VENUE, FOOD & BEVERAGE 144895 5 ASSESSMENTS 900099 8275864 8275864 CONFERENCES, CONVENTIONS, MEETING 900099 3217835 3217835 PUBLICATIONS 900099 3625 3625 11497324 1176392 1176392 9578731 9577734 997 997 997 MISCELLANEOUS REVENUE 900099 5044 5044 5044 12679757 11497324 0 1182433 5000 2895936 4106926 594886 543797 400163 63083 198437 12617 431904 698825 142597 122659 74305 FOOD AND BEVERAGE 890083 MISCELLANEOUS 241256 CONTINUING EDUCATION 58627 CATASTROPHE 48296 48102 11577499 8839735 4979126 654449 3079456 21825 4629 572540 798344 2892050 2410226 321101 481824 16730992 19265242 3401734 2278784 30542376 30887405 296151 286950 6848978 6768751 2548885 1527237 9694014 8582938 X 20848362 22304467 20848362 22304467 30542376 30887405 1102258 353847 0 X X 0 1 X 1 0 0 1 0 145603 145603 0 22117 22117 0 2724330 2242506 481824 481824 ACCRUED INTEREST RECEIVABLE 189366 DEFERRED COMPENSATION INVESTMENTS 1243207 OPERATING LEASE RIGHT OF USE ASSETS 279182 EMPLOYEE RETENTION CREDITS REC 567029 2278784 DEFERRED COMPENSATION LIABILITY 1168677 OPERATING LEASE LIABILITIES - CURRENT 358560 1527237 X 12970521 353847 353847 12616674 63083 63083 12679757 11514416 0 11514416 63083 63083 11577499 PART X, LINE 2: THE BUREAU IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION, PURSUANT TO A LETTER FROM THE INTERNAL REVENUE SERVICE DATED DECEMBER 15, 1976. THE BUREAU FOLLOWS AUTHORITATIVE GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS NOT BEEN MET. THIS GUIDANCE ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THE BUREAU CONDUCTS BUSINESS SOLELY IN THE U.S. AND, AS A RESULT, FILES INFORMATION RETURNS FOR U.S. AND ILLINOIS. IN THE NORMAL COURSE OF BUSINESS, THE BUREAU IS SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. THE BUREAU IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2020. 1 X X X X X X 0 0 0 BRYAN FALCHUK PRESIDENT & CEO & INTERIM TREASURER 480000 0 144000 0 0 0 46000 0 47061 0 717061 0 0 0 LEONARD MURPHY SENIOR VP & GENERAL COUNSEL 272500 0 55250 0 23000 0 40330 0 47061 0 438141 0 0 0 ELIZABETH STERNE SENIOR VP PROPERTY LEGAL SERVICES & 270000 0 61250 0 0 0 39960 0 38903 0 410113 0 0 0 JEFFREY KERENSKY SENIOR VP - MEMBERSHIP 265000 0 26750 0 1500 0 39220 0 47061 0 379531 0 0 0 PETER BECKER VP INFORMATION SERVICES 215000 0 45250 0 0 0 38492 0 34772 0 333514 0 0 0 MICHAEL BRODE VP MEETINGS & EDUCATION 200000 0 40250 0 250 0 35520 0 45070 0 321090 0 0 0 DANIELA WEISZHAR VP - MARKETING 208250 0 50250 0 0 0 37825 0 162 0 296487 0 0 0 RANSELLA WAGNER CA COUNSEL & LAW REVIEW EDITOR 136000 0 8050 0 0 0 21134 0 47061 0 212245 0 0 0 PATRICK BIGGINS COUNSEL 135500 0 6670 0 0 0 20856 0 47061 0 210087 0 0 0 MARK LOGALBO COUNSEL 134800 0 6990 0 0 0 20948 0 47061 0 209799 0 0 0 THOMAS O' DOWD SENIOR MARKETING & EXHIBITS MANGER 136000 0 6750 0 0 0 21090 0 35456 0 199296 0 0 0 TIMOTHY HAVLIR COUNSEL 126352 0 8750 0 0 0 18204 0 14801 0 168107 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 PROPERTY LOSS RESEARCH BUREAU IS A MEMBERSHIP ORGANIZATION AND HAS SIX INSTITUTIONAL VOTING MEMBERS, AS PROVIDED IN ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A EACH OF THE SIX INSTITUTIONAL VOTING MEMBERS IDENTIFIED IN THE BYLAWS DESIGNATES A REPRESENTATIVE THAT IS APPOINTED TO THE 11-MEMBER BOARD OF DIRECTORS. THE REMAINING FIVE MEMBERS OF THE BOARD OF DIRECTORS ARE APPOINTED BY THE SIX REPRESENTATIVES OF THE VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B UNDER THE BYLAWS, NO ACTION OF THE BOARD OF DIRECTORS AMENDING THE BYLAWS OR ARTICLES OF INCORPORATION, REMOVING OFFICERS, ADOPTING A PLAN OF MERGER OR CONSOLIDATION, OR APPROVING THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF THE BUREAU'S ASSETS OR THE DISSOLUTION OF THE BUREAU, SHALL BE EFFECTIVE WITHOUT THE UNANIMOUS WRITTEN CONSENT OF THE VOTING MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B PROPERTY LOSS RESEARCH BUREAU'S (PLRB) FORM 990 WAS PREPARED ON BEHALF OF PLRB BY THE ACCOUNTING FIRM SIKICH LLP WHO ALSO SERVE AS PLRB'S INDEPENDENT AUDITORS. PLRB'S STAFF ACCOUNTANT, KATHARINE JOHNSON, CONSULTED WITH SIKICH LLP ABOUT VARIOUS INFORMATION REQUESTED BY THE FORM. PLRB PRESIDENT & CEO, BRYAN FALCHUK, REVIEWED THE PROPOSED ANSWERS TO ALL THE LINES AND QUESTIONS ON THE FORM AND DRAFTED NARRATIVE INFORMATION REQUESTED BY THE FORM 990. ALL REVIEW OF PLRB'S FORM 990 BY THE PLRB PRESIDENT OCCURRED PRIOR TO THE FILING OF THAT FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE REQUIRED TO FULLY DISCLOSE TO THEIR SUPERVISORS ANY ACTIVITIES WHICH MIGHT BE PROHIBITED UNDER SECTION 5.4, CONFLICT OF INTEREST, OF THE PLRB EMPLOYEE HANDBOOK. IN ADDITION, MANAGEMENT INVESTIGATES ANY ACTIVITY BY ANY EMPLOYEE WHICH MANAGEMENT OBSERVES OR BECOMES AWARE OF WHICH MIGHT BE PROHIBITED UNDER THE CONFLICT OF INTEREST POLICY. AFTER SUCH INVESTIGATION, MANAGEMENT DETERMINES WHETHER THE ACTIVITY EITHER VIOLATES OR DOES NOT VIOLATE PLRB'S CONFLICT OF INTEREST POLICY AND TAKES ANY REQUIRED STEPS TO ENFORCE THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE/COMPENSATION COMMITTEE OF THE PROPERTY LOSS RESEARCH BUREAU (PLRB) BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S WRITTEN PERFORMANCE EVALUATIONS AND ANNUAL SALARY INCREASE AND INCENTIVE COMPENSATION RECOMMENDATIONS FOR EACH OF PLRB'S VPS AND AVPS. THE EXECUTIVE/COMPENSATION COMMITTEE ALSO REVIEWS THE PRESIDENT'S PERFORMANCE ANNUALLY AND INDEPENDENTLY DETERMINES THE PRESIDENT'S ANNUAL SALARY INCREASE AND INCENTIVE COMPENSATION AWARD. THIS PROCESS IS UNDERTAKEN PURSUANT TO A BOARD-APPROVED PLRB PERFORMANCE EVALUATION AND SALARY ADMINISTRATION PROGRAM WHICH INCLUDES A PERFORMANCE-BASED SALARY ADJUSTMENT GUIDE MATRIX. THIS PROGRAM WAS ADOPTED BY THE BOARD AFTER IT WAS DEVELOPED BY AN INDEPENDENT COMPENSATION CONSULTANT. THAT COMPENSATION CONSULTANT ANNUALLY OFFERS RECOMMENDATIONS FOR UPDATING THE PLRB SALARY STRUCTURE AND APPLYING THE PERFORMANCE-BASED SALARY ADJUSTMENT GUIDE MATRIX, WHICH RECOMMENDATIONS ARE REVIEWED AND ADOPTED OR MODIFIED BY ACTION OF THE EXECUTIVE/COMPENSATION COMMITTEE AND THE PLRB BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS AUDIT OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.