2025-05-14T08:57:10-05:00 2024-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2024-01-01 411605606 PROFESSIONAL LIABILITY UNDERWRITING SOCIETY PROF 9527462580 5353 WAYZATA BLVD 306 MINNEAPOLIS MN 55416 ROBBIE THOMPSON CHIEF EXECUTIVE OFFICER 9527462580 2025-05-06 1 1 RYAN VETTRUS CPA P01243596 6514834521 2024 2025-03-06 01:10:19Z ROBBIE THOMPSON 5353 WAYZATA BLVD 306 MINNEAPOLIS MN 55416 9374234 0 X WWW.PLUSWEB.ORG X 1986 MN TO BE THE GLOBAL COMMUNITY FOR THE PROFESSIONAL LIABILITY INSURANCE INDUSTRY 15 15 22 600 0 0 0 0 7479867 7075090 208083 319609 0 0 7687950 7394699 0 0 0 0 2173370 2361577 0 0 0 4955812 5727358 7129182 8088935 558768 -694236 9613868 9056651 1989340 1858484 7624528 7198167 TO BE THE GLOBAL COMMUNITY FOR THE PROFESSIONAL LIABILITY INSURANCE INDUSTRY BY PROVDIING ESSENTIAL KNOWLEDGE,THOUGHT LEADERSHIP AND CAREER DEVELOPMENT OPPORTUNITIES. 0 0 IN 2024, PLUS HELD FIVE NATIONAL IN-PERSON EVENTS ATTENDEED BY MORE THAN 3,500 PEOPLE. IT ALSO HOSTED VIRTUAL AND IN-PERSON UNIVERSITIES WITH OVER 300 INDUSTRY PROFESSIONALS PARTICIPATING. IN ADDITION, OVER 4,000 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 2024, PLUS HAD APPROXIMATELY 45,000 INDIVIDUAL MEMBERS THROUGHOUT THE WORLD. PLUS PROVIDES A COMPREHENSIVE EDUCATIONAL CURRICULUM FOR THE PROFESSIONAL LIABILITY INDUSTRY, INCLUDING RPLU, RPLU+, CPLP & EXECPLP. OVER 500 PEOPLE OBTAINED A PLUS CERTIFCATE OR DESGINATION AND ALMOST 5,000 PEOPLE CURRENTLY HOLD A PLUS DESIGNATION. 0 0 0 0 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 45 0 1 22 1 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 JAY KARP IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 ALISON MARTIN VICE PRESIDENT 5.00 X X 0 0 0 NICOLE SHETH PRESIDENT 5.00 X X 0 0 0 JACQUELINE WATERS PRESIDENT ELECT 4.00 X X 0 0 0 LA'VONDA MCLEAN SECRETARY - TREASURER 4.00 X X 0 0 0 JOHN VAN DECKER TRUSTEE 2.00 X 0 0 0 DAVID LEWISON TRUSTEE 2.00 X 0 0 0 DEBORAH EGEL-FERGUS TRUSTEE 2.00 X 0 0 0 DEREK VAN DER VOORT TRUSTEE 2.00 X 0 0 0 JED SHEA TRUSTEE 2.00 X 0 0 0 JENNIFER O'NEILL TRUSTEE 2.00 X 0 0 0 KIMBERLY MELVIN TRUSTEE 2.00 X 0 0 0 MAX CARTER TRUSTEE 2.00 X 0 0 0 ROBERT PARISI TRUSTEE 2.00 X 0 0 0 VICTORIA EDMONDS TRUSTEE 2.00 X 0 0 0 SCOTT BILLEY CHIEF OPERATING OFFICER 40.00 X 201554 0 29092 ROBBIE THOMPSON CHIEF EXECUTIVE OFFICER 40.00 1.00 X 295487 0 31170 AMY WENSTROM DIRECTOR OF MARKETING & COMMUNICATION 40.00 X 131651 0 0 DAN JENNEY VP OF STRATEGY & PROGRAMS 40.00 X 187756 0 35106 DIANE DUKES VP OF MEETINGS & EVENTS 40.00 X 170768 0 14489 ERIN STEPHENS DEPUTY CHIEF OPERATING OFFICER 40.00 X 131651 0 8536 MEGAN MOORE DIRECTOR OF PROFESSIONAL DEVELOPMENT 40.00 X 128222 0 0 1247089 0 118393 7 0 1 0 MARRIOTT BUSINESS SERVICES PO BOX 402642 ATLANTA GA 303842642 EVENT SERVICES 791695 IMAGE AUDIOVISUAL INC 2130 S DAHLIA STREET DENVER CO 80222 EVENT SERVICES 682224 NEVADA PROPERTY 1 LLC 3773 HOWARD HUGHES PARKWAY SUITE 1 LAS VEGAS NV 89169 EVENT SERVICES 514728 CLIFTON LARSON ALLEN LLP 220 SOOUTH 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 144084 KINSLEY & ASSOCIATES LLC 6732 W COAL MINE AVENUE 500 LITTLETON CO 80123 EVENT PLANNING 124980 5 ANNUAL SYMPOSIUMS 524298 2904039 2904039 ANNUAL CONFERENCE 524298 1958402 1958402 EDUCATION REVENUE 524298 1527708 1527708 CHAPTER SEMINARS 524298 653819 653819 PLUS REGISTRATION 524298 30455 30455 667 667 7075090 185917 185917 2113227 1979535 133692 133692 133692 7394699 7075090 0 319609 326657 1675169 109125 250626 69866 161830 58400 382891 548438 78237 71611 1691881 66066 80165 SYMPOSIUM EXPENSES 1418763 CHAPTER PROGRAMS 609887 DONATION TO PLUS FOUNDA 214018 BAD DEBT 89086 186219 8088935 1832915 867113 627371 161308 512141 225054 205584 191470 478678 145615 122088 333063 6199609 7194755 114160 83888 9613868 9056651 1101462 764385 770921 1006855 116957 87244 1989340 1858484 X 7624528 7198167 7624528 7198167 9613868 9056651 -694236 267875 0 X X 0 1 X 1 0 3950 1975 1975 471653 140565 331088 3075 3075 0 333063 OPERATING LEASE OBLIGATION 87244 87244 X 7075090 0 7075090 319609 319609 7394699 8030535 0 8030535 58400 58400 8088935 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 2024 OR 2023. 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 319,609. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 MAINTAIN A CHAPTER 64550 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM EXPENSES 15000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM EXPENSES 45000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM EXPENSES 30000 0 0 0 0 0 0 154550 0 154550 0 0 0 0 0 0 X X 0 0 0 ROBBIE THOMPSON CHIEF EXECUTIVE OFFICER 257837 0 37650 0 0 0 0 0 31170 0 326657 0 0 0 SCOTT BILLEY CHIEF OPERATING OFFICER 189554 0 12000 0 0 0 0 0 29092 0 230646 0 0 0 DAN JENNEY VP OF STRATEGY & PROGRAMS 176756 0 11000 0 0 0 0 0 35106 0 222862 0 0 0 DIANE DUKES VP OF MEETINGS & EVENTS 160268 0 10500 0 0 0 0 0 14489 0 185257 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 TWO CLASSES OF MEMBERS: INDIVIDUAL AND FUTURE PLUS. 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 CHIEF EXECUTIVE OFFICER 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 CHIEF EXECUTIVE OFFICER THE BOARD BASES DECISIONS ON COMPENSATION ON FINANCIAL CONDITIONS OF THE ORGANIZATION, MARKET CONDITIONS, AND THE PERFORMANCE AND EXPECTATIONS MET BY THE CHIEF EXECUTIVE OFFICER. THE CHIEF EXECUTIVE OFFICER 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 36035 ESTIMATED FAIR MARKET VALUE PLUS FOUNDATION O 177983 ESTIMATED FAIR MARKET VALUE