2020-06-01T16:36:54-05:00 2019-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2019-01-01 411605606 PROFESSIONAL LIABILITY UNDERWRITING SOCIETY PROF 9527462580 5353 WAYZATA BLVD NO 600 MINNEAPOLIS MN 55416 ROBBIE THOMPSON EXECUTIVE DIRECTOR 9527462580 2020-05-21 1 LINDA M NELSON CPA P00205567 6514834521 50.201.188.58 2020-05-21 09:58:47 CD P C3BFCB1FF0DF81D98A4107263BFA3D6217CBE84E C3BFCB1FF0DF81D98A4107263BFA3D6217CBE84E 2019 2020-09-23 17:36:50Z ROBBIE THOMPSON 5353 WAYZATA BLVD NO 600 MINNEAPOLIS MN 55416 8765848 0 X WWW.PLUSWEB.ORG X 1986 MN TO BE THE GLOBAL COMMUNITY FOR THE PROFESSIONAL LIABILITY INSURANCE INDUSTRY 14 14 16 375 0 0 0 0 5811130 5542565 348597 143398 0 0 6159727 5685963 0 0 0 0 1481884 1585071 0 0 0 4604921 4459643 6086805 6044714 72922 -358751 6053122 6084003 820697 763951 5232425 5320052 X TO BE THE GLOBAL COMMUNITY FOR THE PROFESSIONAL LIABILITY INSURANCE INDUSTRY BY PROVIDING ESSENTIAL KNOWLEDGE, THOUGHT LEADERSHIP AND CAREER DEVELOPMENT OPPORTUNITIES. 0 0 3233111 0 3373348 IN 2019, PLUS HELD SEVEN NATIONAL IN-PERSON EVENTS TO ENHANCE THE PROFESSIONALISM OF ITS MEMBERS. IN TOTAL PLUS HOSTED APPROXIMATELY 3,000 ATTENDEES AT NATIONAL EVENTS. IN ADDITION, CLOSE TO 5,000 PEOPLE ATTENDED REGIONAL AND LOCAL CHAPTER EVENTS THROUGH PLUS 13 REGIONAL CHAPTERS AND MORE THAN 2,000 ATTENDEES PARTICIPATED IN VIRTUAL WEBINAR BASED PROGRAMS. PARTICIPANTS IN ALL EVENTS TOOK PART IN EDUCATIONAL, NETWORKING, AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES. 263026 0 783629 AS A MEMBERSHIP ORGANIZATION, PLUS PROVIDES RESOURCES, PROGRAMMING, AND INFORMATION TO ASSIST ITS MEMBERS AND ENABLE THEM TO BEST SERVE THEIR CLIENTS AND EDUCATE THE PUBLIC REGARDING PROFESSIONAL LIABILITY. IN 2019 PLUS HAD APPROXIMATELY 7000 INDIVIDUAL MEMBERS AND 163 CORPORATE MEMBERS. 507087 0 739069 PLUS PROVIDES A COMPREHENSIVE EDUCATIONAL CURRICULUM FOR THE PROFESSIONAL LIABILITY INDUSTRY, INCLUDING RPLU AND RPLU+ CERTIFICATION PROGRAMS, WHICH CERTIFIED 94 AND 8 INDIVIDUALS, RESPECTIVELY, IN 2019 AND HAS OVER 3100 INDIVIDUALS WHO HAVE RECEIVED THE DESIGNATION SINCE INCEPTION. 823706 0 646519 THROUGH THE 13 REGIONAL PLUS CHAPTERS, EDUCATION AND PROGRAMMING ARE PROVIDED TO MEMBERS AT A LOCAL LEVEL. PLUS PROMOTES DIVERSITY AND INCLUSION IN THE PROFESSIONAL LIABILITY INSURANCE INDUSTRY AND CREATES CAREER DEVELOPMENT OPPORTUNITIES FOR MEMBERS OF UNDERREPRESENTED GROUPS THROUGH ITS LEADERSHIP AND MENTORING PROGRAM (LAMP). 823706 0 646519 4826930 0 0 0 1 0 0 0 0 0 1 0 0 0 0 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 56 0 1 16 1 0 1 CA 0 0 0 0 0 0 X 14 14 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 600 MINNEAPOLIS MN 55416 CARL METZGER PRESIDENT 5.00 X X 0 0 0 JENNIFER O'NEILL VICE PRESIDENT 5.00 X X 0 0 0 TODD M GREELEY PRESIDENT ELECT 5.00 X X 0 0 0 SUSAN ANGELO SECRETARY - TREASURER 4.00 X X 0 0 0 DEBBIE SCHAFFEL IMMEDIATE PAST PRESIDENT 4.00 X X 0 0 0 JOHN BENEDETTO TRUSTEE 2.00 X 0 0 0 CATHERINE COSSU TRUSTEE 2.00 X 0 0 0 JACK FLUG TRUSTEE 2.00 X 0 0 0 SARAH GOLDSTEIN TRUSTEE 2.00 X 0 0 0 JANE M KORNESCZUK TRUSTEE 2.00 X 0 0 0 JED SHEA TRUSTEE 2.00 X 0 0 0 KENNETH J STEPHENS TRUSTEE 2.00 X 0 0 0 DEREK VAN DER VOORT TRUSTEE 2.00 X 0 0 0 CHRIS WARRIOR TRUSTEE 2.00 X 0 0 0 ROBBIE THOMPSON EXECUTIVE DIRECTOR 40.00 1.00 X 253483 0 26983 SCOTT BILLEY DIRECTOR OF OPERATIONS & SPECIAL PROJECTS 40.00 X 157876 0 20284 AMBER MURPHY DIRECTOR OF MARKETING & COMMUNICATIONS 40.00 X 113461 0 5019 DIANE DUKES DIRECTOR OF MEETINGS & EVENTS 40.00 X 109273 0 10405 DAN JENNEY EXEC DIR, PLUS FDTN, (JAN-MAY), DIR OF STRA & PRO 30.00 10.00 X 147216 0 25850 781309 0 88541 5 0 1 0 MARRIOTT INTERNATIONAL LOCKBOX 403003 6000 FELDWOOD ROAD COLLEGE PARK GA 30349 HOTEL SERVICES 573968 KINSLEY & ASSOCIATES LLC 6732 W COAL MINE AVENUE 500 LITTLETON CO 80123 EVENT PLANNING 143722 SILVER LINING DESIGN GROUP 11400 ROCKVILLE PIKE STE 106 ROCKVILLE MD 20852 EVENT DECORATIONS 132475 3 ANNUAL SYMPOSIUMS 524298 1732869 1732869 ANNUAL CONFERENCE 524298 1609205 1609205 MEMBERSHIP DUES 524298 783629 783629 EDUCATION REVENUE 524298 661320 661320 CHAPTER SEMINARS 524298 646519 646519 109023 109023 5542565 118130 118130 3105153 3079885 25268 25268 25268 5685963 5542565 0 143398 280466 1033484 181326 89795 31564 98628 319479 133387 116852 9095 1264332 27236 57963 SYMPOSIUM EXPENSES 1255971 CHAPTER PROGRAMS 530876 RPLU PROGRAM 212216 DONATION TO PLUS FOUNDA 210456 191588 6044714 426486 319750 81877 98579 130352 115122 242381 314257 737213 696382 38662 40831 5133364 5195464 6053122 6084003 136525 347026 684172 416925 820697 763951 X 5232425 5320052 5232425 5320052 6053122 6084003 -358751 446378 0 X X 0 1 X 1 0 0 0 0 783629 24718 23694 1024 273206 241051 32155 439289 431637 7652 40831 X 5542565 0 5542565 143398 143398 5685963 6044714 0 6044714 0 6044714 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 2019 OR 2018. 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 A TAX EXEMPT ORGANIZATION. 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 143,398. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES CANADIAN CHAPTER: EDUCATION PROGRAMS, SEMINARS, MEMBER SERVICES 38287 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAMS 24804 SOUTH ASIA 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAMS 5283 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAMS 2183 0 0 0 0 0 0 70557 0 70557 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X 0 0 0 ROBBIE THOMPSON EXECUTIVE DIRECTOR 253483 0 0 0 0 0 0 0 26983 0 280466 0 0 0 SCOTT BILLEY DIRECTOR OF OPERATIONS & SPECIAL PRO 147615 0 10261 0 0 0 0 0 20284 0 178160 0 0 0 DAN JENNEY EXEC DIR, PLUS FDTN, (JAN-MAY), DIR 137648 0 9568 0 0 0 0 0 25850 0 173066 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 THREE CLASSES OF MEMBERS: INDIVIDUAL, CORPORATE, AND HONORARY. 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 TREASURER 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 EXECUTIVE DIRECTOR 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 EXECUTIVE DIRECTOR THE BOARD BASES DECISIONS ON COMPENSATION ON FINANCIAL CONDITIONS OF THE ORGANIZATION, MARKET CONDITIONS, AND THE PERFORMANCE AND EXPECTATIONS MET BY THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR 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 600 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 O 157072 ESTIMATED FAIR MARKET VALUE PLUS FOUNDATION L 53384 ESTIMATED FAIR MARKET VALUE