2020-05-13T14:41:33-05:00 2019-08-31 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2018-09-01 230892360 THE RISK MANAGEMENT ASSOCIATION RISK 2154464023 1801 MARKET STREET NO 300 PHILADELPHIA PA 19103 HEIDI TURLEY CFO 2154464023 2020-05-05 1 CHRISTOPHER M PEKULA P00734965 2154414600 64.55.30.226 2020-05-05 09:02:34 ED P 41751D55C13ADD5C61F7A5404F8B933FBF8D3200 60B7608B6CF6CB43764D72B07CF9D482B87BBAD7 2018 2021-09-10 13:11:23Z NANCY J FOSTER 1801 MARKET STREET NO 300 PHILADELPHIA PA 19103 25508755 0 X WWW.RMAHQ.ORG X 1921 PA RMA IS A MEMBER-DRIVEN PROFESSIONAL ASSOCIATION WHOSE SOLE PURPOSE IS TO ADVANCE SOUND RISK PRINCIPLES IN THE FINANCIAL SERVICES INDUSTRY. 25 24 96 1000 26810 0 0 0 23998638 23930004 1973171 1578062 43880 689 26015689 25508755 250000 965256 0 0 12098396 11704152 0 0 0 11741300 12003818 24089696 24673226 1925993 835529 43645185 42592963 19370960 18338398 24274225 24254565 RMA IS A MEMBER-DRIVEN PROFESSIONAL ASSOCIATION WHOSE SOLE PURPOSE IS TO ADVANCE SOUND RISK PRINCIPLES IN THE FINANCIAL SERVICES INDUSTRY. RMA HELPS OUR MEMBERS USE SOUND RISK PRINCIPLES TO IMPROVE INSTITUTIONAL PERFORMANCE AND FINANCIAL STABILITY. 0 0 WEB-BASED TRAINING PRODUCTS TRAINING EVENTS - SEMINARS SPONSORED AT VARIOUS DOMESTIC AND INTERNATIONAL LOCATIONS THROUGHOUT THE YEAR CONFERENCES AND ROUND TABLES - CREDIT RISK, OPERATIONAL RISK, MARKET RISK, ENTERPRISE RISK AND SECURITIES LENDING CONFERENCES AND PEER SHARING MEETINS HELD EACH YEAR 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 91 0 1 96 1 1 1 1 UK 0 0 0 0 0 0 X 25 24 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X VIRA RILEY CONTROLLER 2154464040 1801 MARKET STREET NO 300 PHILADELPHIA PA 19103 WILLIAM GITHENS FORMER CEO 40.00 X X 307425 0 -5092 ROBERT R MESSER IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 EDWARD P SCHREIBER DIRECTOR 2.00 X 0 0 0 MICHAEL C ANKROM JR DIRECTOR 2.00 X 0 0 0 SARAH AP COWAN DIRECTOR 2.00 X 0 0 0 DANIEL J EILERT DIRECTOR 2.00 X 0 0 0 RAJESH GOPAL DIRECTOR 2.00 X 0 0 0 AMANDA NORTON VICE CHAIR 2.00 X 0 0 0 MATT BRYANT DIRECTOR 2.00 X 0 0 0 KEVIN D ODEN DIRECTOR 2.00 X 0 0 0 WILLIAM L PEROTTI DIRECTOR 2.00 X 0 0 0 SPYRO KARETSOS DIRECTOR 2.00 X 0 0 0 EDWARD B POLLOCK DIRECTOR 2.00 X 0 0 0 GLENN HORNER DIRECTOR 2.00 X 0 0 0 NANCY J FOSTER PRESIDENT & CEO 40.00 X X 861831 0 138705 WILLIAM BONNELL DIRECTOR 2.00 X 0 0 0 DANIEL D CALLAHAN DIRECTOR 2.00 X 0 0 0 MICHAEL NASSY DIRECTOR 2.00 X 0 0 0 JOANNA K NIFONG DIRECTOR 2.00 X 0 0 0 JEFFREY BAJEK DIRECTOR 2.00 X 0 0 0 GUNNAR JAKOBSSON DIRECTOR 2.00 X 0 0 0 AJAI BAMBAWALE DIRECTOR 2.00 X 0 0 0 PHILIPPA X GIRLING DIRECTOR 2.00 X 0 0 0 BRIAN D HUGHES DIRECTOR 2.00 X 0 0 0 DAVID P SHEVSKY DIRECTOR 2.00 X 0 0 0 SETH WALLER DIRECTOR 2.00 X 0 0 0 EDWARD DEMARCO SECRETARY 40.00 X 448571 0 135261 HEIDI TURLEY TREASURER 40.00 X 288175 0 75717 MARK A ZMIEWSKI DIRECTOR 40.00 X 208900 0 44508 CYNTHIA L MCBRIDE DIRECTOR 40.00 X 246110 0 78869 MARK SHAFER DIRECTOR 40.00 X 246878 0 74395 LINDA O'LOUGHLIN DIRECTOR 40.00 X 239631 0 76006 WILLIAM LOFTUS DIRECTOR 40.00 X 279909 0 101398 FRANK MC SHAY DIRECTOR 40.00 X 171529 0 49231 FRANCIS GARRITT DIRECTOR 40.00 X 217273 0 92321 LYNNE SUHER DIRECTOR 40.00 X 178139 0 14482 THOMAS HOLBIK MANAGER 40.00 X 167384 0 23495 WILLIAM TRUSCOTT MANAGER 40.00 X 145929 0 42468 LAURIE A FOSTER MANAGER 40.00 X 152540 0 26782 JOHN BAIER MANAGER 40.00 X 157808 0 12178 LARRY SNYDER MANAGER 40.00 X 159096 0 5256 4477128 0 985980 17 0 1 0 MARRIOTT BUSINESS SERVICES PO BOX 403003 ATLANTA GA 30384 HOTEL/FOOD/BEVERAGE FOR CONFERENCES 478897 PERSONIFY INC 13450 SUNRISE VALLEY DR HERNDON VA 20171 CONSULTING SERVICES 432301 LE MERIDIEN 555 SOUTH MCDOWELL ST CHARLOTTE NC 28204 HOTEL/FOOD/BEVERAGE FOR CONFERENCES 354874 IBIS WORLD 11755 WILSHIRE BLVD LOS ANGELES CA 90025 CONSULTING SERVICES 354766 AUGUST DEVELOPMENT 85 OLD DUBLIN PIKE DOYLESTOWN PA 18901 CONSULTING SERVICES 331241 25 MEMBERSHIP DUES 900099 9252436 9252436 CONFERENCES AND EVENTS 900099 7970020 7970020 PUBLICATIONS 541800 6210911 6184128 26783 ASSOCIATION PRODUCTS 900099 496637 496637 23930004 1578062 27 1578035 MISCELLANEOUS INCOME 900099 689 689 689 25508755 23903221 26810 1578724 965256 3285775 5036895 500653 2310499 570330 19559 60546 2316389 358089 1100374 1557050 1304367 773851 1317043 2717424 3050 254238 104270 PROFESSIONAL DEVELOPMEN 101335 PROFESSIONAL DUES/ASSOC 15015 LICENSES 1218 24673226 923612 823608 5317538 4652907 1517845 1187621 7824 9912 571640 670647 4076344 3485843 705339 590501 34601387 34657767 43645185 42592963 6208930 5644245 10689280 10477363 2472750 2216790 19370960 18338398 X 24274225 24254565 24274225 24254565 43645185 42592963 835529 -855189 0 X X 0 1 X 1 0 732656 435858 296798 3343688 3049985 293703 590501 CONTRIBUTION PAYABLE TO RMA FOUNDATION 1186000 LIABILITY FOR PENSION BENEFITS 265534 PLEDGE PAYABLE 765256 2216790 X 24567747 -855189 -855189 25422936 85819 85819 25508755 24587407 0 24587407 85819 85819 24673226 PART X, LINE 2: RMA HAS QUALIFIED FOR TAX EXEMPTIONS UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO FEDERAL INCOME TAX ON UNRELATED BUSINESS EARNINGS. UNDER FASB GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS ENDING BEFORE AUGUST 31, 2016. EAST ASIA AND THE PACIFIC PROGRAM SERVICES CONFERENCES, TRAINING EVENTS AND PUBLICATIONS 343236 EUROPE PROGRAM SERVICES CONFERENCES, TRAINING EVENTS AND PUBLICATIONS 192058 0 0 0 0 0 0 535294 0 535294 0 0 0 0 0 0 1 TEXAS A&M UNIVERSITY FOUNDATION 401 GEORGE BUSH DR COLLEGE STATION PA 77840 742245072 501(C)(3) 965256 GENERAL CONTRIBUTIONS 1 PART I, LINE 2 DIRECTORS FOR THE RMA FOUNDATION ARE APPOINTED BY THE SOLE MEMBER, THE RISK MANGEMENT ASSOCIATION. ADDITIONALLY, THREE OF THE FOUR OFFICERS OF THE RMA FOUNDATION ARE ALSO OFFICERS OF THE RISK MANAGEMENT ASSOCIATION. THIS OVERLAP OF OFFICERS ALLOWS FOR CLOSE MONITORING OF BOTH ORGANIZATIONS. X X X X 0 1 0 WILLIAM GITHENS FORMER CEO 107425 0 200000 0 0 0 -6085 0 993 0 302333 0 0 0 NANCY J FOSTER PRESIDENT & CEO 546831 0 315000 0 0 0 107423 0 31282 0 1000536 0 0 0 EDWARD DEMARCO SECRETARY 308571 0 140000 0 0 0 103705 0 31556 0 583832 0 0 0 HEIDI TURLEY TREASURER 188175 0 100000 0 0 0 71625 0 4092 0 363892 0 0 0 MARK A ZMIEWSKI DIRECTOR 166900 0 42000 0 0 0 12190 0 32318 0 253408 0 0 0 CYNTHIA L MCBRIDE DIRECTOR 191110 0 55000 0 0 0 53625 0 25244 0 324979 0 0 0 MARK SHAFER DIRECTOR 181878 0 65000 0 0 0 66442 0 7953 0 321273 0 0 0 LINDA O'LOUGHLIN DIRECTOR 169631 0 70000 0 0 0 57578 0 18428 0 315637 0 0 0 WILLIAM LOFTUS DIRECTOR 214909 0 65000 0 0 0 72519 0 28879 0 381307 0 0 0 FRANK MC SHAY DIRECTOR 141529 0 30000 0 0 0 38978 0 10253 0 220760 0 0 0 FRANCIS GARRITT DIRECTOR 147273 0 70000 0 0 0 62296 0 30025 0 309594 0 0 0 LYNNE SUHER DIRECTOR 178139 0 0 0 0 0 13773 0 709 0 192621 0 0 0 THOMAS HOLBIK MANAGER 157384 0 10000 0 0 0 12101 0 11394 0 190879 0 0 0 WILLIAM TRUSCOTT MANAGER 134929 0 11000 0 0 0 13677 0 28791 0 188397 0 0 0 LAURIE A FOSTER MANAGER 141540 0 11000 0 0 0 15103 0 11679 0 179322 0 0 0 JOHN BAIER MANAGER 137808 0 20000 0 0 0 1527 0 10651 0 169986 0 0 0 LARRY SNYDER MANAGER 153096 0 6000 0 0 0 0 0 5256 0 164352 0 0 0 PART I, LINE 4B NANCY FOSTER - $105,000 EDWARD DEMARCO - $75,000 HEIDI TURLEY - $40,000 MARK A. ZMIEWSKI - $18,000 CYNTHIA L. MCBRIDE - $30,000 MARK SHAFER - $40,000 LINDA O'LOUGHLIN - $30,000 WILLIAM LOFTUS - $40,000 FRANK MCSHAY - $30,000 FRANCIS GARRITT - $40,000 FORM 990, PART VI, SECTION A, LINE 6 CLASSES A. INSTITUTIONAL MEMBERS B. INDIVIDUAL MEMBERS PRIVILEGES OF MEMBERSHIP A. INSTITUTIONAL MEMBERS - VOTING. INSTITUTIONAL MEMBERS SHALL BE ENTITLED TO ONE VOTE AT EVERY MEETING OF INSTITUTIONAL MEMBERS B. PRIVILEGES OF INDIVIDUAL MEMBERS. INDIVIDUAL MEMBERS SHALL BE ENTITLED TO ATTEND MEETINGS; TO HOLD ELECTIVE OR APPOINTIVE OFFICE; TO SERVE ON COUNCILS AND COMMITTEES; TO RECEIVE COMMUNICATIONS, INFORMATION AND SELECTED PUBLICATIONS DISSEMINATED BY THE HEADQUARTERS OFFICE; AND TO ENJOY ALL OTHER RIGHTS PRIVILEGES OF ASSOCIATION MEMBERSHIP, EXCEPT NO ASSOCIATE OR OTHER INDIVIDUAL MEMBER SHALL HAVE ANY PERSONAL RIGHT TO VOTE. FORM 990, PART VI, SECTION A, LINE 7A CLASSES A. INSTITUTIONAL MEMBERS B. INDIVIDUAL MEMBERS PRIVILEGES OF MEMBERSHIP A. INSTITUTIONAL MEMBERS - VOTING. INSTITUTIONAL MEMBERS SHALL BE ENTITLED TO ONE VOTE AT EVERY MEETING OF INSTITUTIONAL MEMBERS B. PRIVILEGES OF INDIVIDUAL MEMBERS. INDIVIDUAL MEMBERS SHALL BE ENTITLED TO ATTEND MEETINGS; TO HOLD ELECTIVE OR APPOINTIVE OFFICE; TO SERVE ON COUNCILS AND COMMITTEES; TO RECEIVE COMMUNICATIONS, INFORMATION AND SELECTED PUBLICATIONS DISSEMINATED BY THE HEADQUARTERS OFFICE; AND TO ENJOY ALL OTHER RIGHTS PRIVILEGES OF ASSOCIATION MEMBERSHIP, EXCEPT NO ASSOCIATE OR OTHER INDIVIDUAL MEMBER SHALL HAVE ANY PERSONAL RIGHT TO VOTE. FORM 990, PART VI, SECTION A, LINE 7B ANY GOVERNANCE DECISIONS ARE REFERRED TO THE GOVERNING BODY WITH EXCEPTION OF CHANGES TO THE BY-LAWS, WHICH WOULD GO OUT TO THE FULL MEMBERSHIP FOR VOTE FORM 990, PART VI, SECTION B, LINE 11B CONTROLLER REVIEWS/APPROVES THE EXTERNALLY PREPARED FORM 990 AND FORWARDS IT TO THE CFO/TREASURER. AFTER THE CFO REVIEWS/APPROVES IT, THE 990 IS FORWARDED TO THE EXECUTIVE COMMITTEE FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY'S ETHICS AND CONFLICT OF INTEREST POLICY IS AVAILABLE TO ALL STAFF MEMBERS IN BOTH PAPER AND ELECTRONIC VERSION. ALL NEW EMPLOYEES ARE GIVEN A PAPER VERSION OF ALL POLICIES AND SIGN THAT THEY HAVE RECEIVED THOSE. THE ETHICS AND CONFLICT OF INTEREST POLICY PRECLUDES STAFF FROM ACCEPTING ANY GIFT IN ACCESS OF A $50 VALUE. SINCE THIS IS THE AREA THAT IS MOST LIKELY TO BE CONFRONTED IN THE CONTEXT OF STAFF PERFORMING THEIR DUTIES, THE CEO REGULARLY REMINDS STAFF OF THE POLICY. THESE REMINDERS ARE TIMED TO COINCIDE WITH HOLIDAYS AND WITH TIMES WHEN THE COMPANY IS PURCHASING A LARGE AMOUNT OF SERVICES/PRODUCT FROM ITS VENDORS. THE ETHICS AND CONFLICT OF INTEREST POLICY ALSO REQUIRES THAT EACH STAFFMEMBER SHALL MAKE PROMPT AND FULL DISCLOSURE IN WRITING TO THEIR MANAGER/SUPERVISOR OF ANY POTENTIAL SITUATION WHICH MAY INVOLVE A CONFLICT OF INTEREST. THESE SITUATIONS INCLUDE THE FOLLOWING: OWNERSHIP BY A STAFFMEMBER OR BY A MEMBER OF THEIR FAMILY OF A SIGNIFICANT INTEREST IN ANY OUTSIDE ENTERPRISE WHICH DOES OR SEEKS TO DO BUSINESS WITH OR IS A COMPETITOR OF TEH ASSOCIATION: SERVING AS A DIRECTOR, OFFICER, PARTNER, CONSULTANT, OR IN A MANAGERIAL OR TECHNICAL CAPACITY WITH AN OUTSIDE ENTERPRISE WHICH DOES OR IS SEEKING TO DO BUSINESS WITH OR IS A COMPETITOR OF THE ASSOCIATION. EXCEPTIONS TO THIS CAN BE APPROVED BY THE CEO OF RMA. NO REQUESTS FOR EXCEPTIONS HAVE BEEN APPROVED BY THE CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AT A SPECIAL MEETING CONVENED ANNUALLY IN AUGUST. COMPARABILITY DATA IS MADE AVAILABLE TO THE COMMITTEE WHICH INCLUDES 990 REPORTED INFORMATION FOR OTHER ASSOCIATIONS THAT SERVE THE INDUSTRY. NO MEMBER OF THE MEMBERS DELIBERATING ON CEO COMPENSATION IS COMPENSATED FOR SERVING ON THE BOARD OR ITS SUBCOMMITTEE. THE MEMBERS REVIEW AND APPROVE CEO COMPENSATION INDEPENDENT OF THE CEO. THE SECRETARY IS PRESENT FOR THE REVIEW AND APPROVAL AND SUBSEQUENTLY IS AUTHORIZED IN WRITING TO EFFECT ANY COMPENSATION ACTIONS. THE CHAIR OF THE BOARD OF DIRECTORS COMMUNICATES COMPENSATION ACTIONS TO THE CEO. THE MEETING OF EXECUTIVE COMMITTEE AND ANY DECISION TO EFFECT A CHANGE IN COMPENSATION IS SUBSTANTIATED CONTEMPORANEOUSLY BOTH IN A COMMUNICATION SIGNED BY THE CHAIR AND SENT TO THE SECRETARY AND FURTHER DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTOR'S MINUTES. THE CEO DETERMINES AND APPROVES COMPENSATION FOR KEY EMPLOYEES WHO REPORT DIRECTLY TO HER. COMPENSATION IS WITHIN THE GUIDELINES APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE ANNUAL BUDGET. ANNUALLY THE ORGANIZATION DETERMINES ITS MERIT INCREASE POOL WHICH IS EXPRESSED AS A RANGE OF PERCENTAGES OF SALARY AND IS ADMINISTERED AS A PAY FOR PERFORMANCE COMPENSATION PHILOSOPHY. THE CEO APPORTIONS THE MERIT INCREASE POOL ACCORDING TO RELATIVE PERFORMANCE CONTRIBUTIONS AND TAKING INTO CONSIDERATIONS WHERE THE INDIVIDUAL IS CURRENTLY COMPENSATED WITHIN HIS/HER SALARY RANGE. THE CEO PROVIDES THE TOTAL COMPENSATION FOR EACH OF THE KEY EMPLOYEES TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW EACH AUGUST. THE COMPANY'S SALARY RANGES ARE DETERMINED AND SET BASED ON COMPARABLE SALARIES IN THE INDUSTRY SERVED, NONPROFIT ORGANIZATIONS AND GEOGRAPHIC LOCATION. THE SALARY RANGES FOR POSITIONS ARE BENCHMARKED PERIODICALLY BY INDEPENDENT THIRD PARTY. THE BENCHMARKING CONSIDERS COMPARABLE POSITIONS IN THE INDUSTRY SERVED, NONPROFIT ORGANIZATIONS AND GEOGRAPHIC LOCATION. ALL KEY EMPLOYEE POSITIONS ARE ASSIGNED A SALARY GRADE AND EACH SALARY GRADE HAS A MINIMUM AND MAXIMUM SALARY ASSOCIATED WITH IT. FORM 990, PART VI, SECTION C, LINE 19 RMA GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE POSTED ON THE RMA WEBSITE AND COPIES ARE PROVIDED UPON REQUEST FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, ITEM K THE RISK MANAGEMENT ASSOCIATION WAS ORIGINALLY ESTABLISHED AS AN ASSOCIATION IN 1914. THE RISK MANAGEMENT ASSOCIATION WAS LATER INCORPORATED IN 1921. RISK MANAGEMENT ASSOCIATION FOUNDATION 1801 MARKET STREET NO 300 PHILADELPHIA PA 19103 473078149 EDUCATION IN FINANCIAL SERVICES SECTOR PA 501(C)(3) THE RISK MANAGEMENT ASSOCIATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0