2018-07-11T17:37:39-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2017-01-01 362138427 MILLION DOLLAR ROUND TABLE MILL 8476926378 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 STEPHEN P STAHR CEO 8476926378 2018-07-09 1 MELISSA STRUCK P01310867 6305738600 2018-07-09 2017 2022-09-23 18:48:47Z STEPHEN P STAHR 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 92342270 0 X WWW.MDRT.ORG X 1969 IL THE MISSION OF THE MILLION DOLLAR ROUND TABLE (MDRT) IS TO BE A VALUED MEMBER-DRIVEN GLOBAL NETWORK OF LEADING INSURANCE AND INVESTMENT FINANCIAL SERVICE PROFESSIONALS WHO SERVE THEIR CLIENTS BY EXEMPLARY PERFORMANCE AND THE HIGHEST STANDARD OF ETHICS, KNOWLEDGE, SERVICE, AND PRODUCTIVITY. 5 0 103 1619 0 0 0 0 42320849 46134597 1617414 5794931 784884 959482 44723147 52889010 564195 1139832 0 0 10323805 10742623 0 0 0 22908370 24739205 33796370 36621660 10926777 16267350 74877654 100383910 10758854 16759610 64118800 83624300 TO BE A VALUED MEMBER-DRIVEN GLOBAL NETWORK OF LEADING INSURANCE AND INVESTMENT FINANCIAL SERVICE PROFESSIONALS WHO SERVE THEIR CLIENTS BY EXEMPLARY PERFORMANCE AND THE HIGHEST STANDARD OF ETHICS, KNOWLEDGE, SERVICE, AND PRODUCTIVITY. 0 0 MDRT HOSTS VARIOUS MEETINGS PROGRAMED WITH EDUCATIONAL AND MOTIVATIONAL CONTENT DESIGNED TO BENEFIT THE CAREERS OF INSURANCE AND FINANCIAL SERVICES PROFESSIONALS. DURING 2017, MDRT HELD A FOUR DAY MEETING AND A THREE DAY MEETING. THESE MEETINGS BROUGHT TOGETHER OVER 10,000 INSURANCE AND FINANCIAL SERVICES PROFESSIONALS. MDRT PUBLISHES A BI-MONTHLY PERIODICAL THAT CONCENTRATES ON TRENDS AND OPPORTUNITIES SPECIFIC TO THE FINANCIAL SERVICES PROFESSION. MDRT PROVIDES DIGITAL CONTENT THAT IS HOUSED ON ITS RESOURCE ZONE. THIS INCLUDES MDRT PODCASTS, VIDEOS, MEETING TRANSCRIPTS AND THE MDRT BLOG. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 80 0 1 103 1 0 0 0 0 0 0 X 5 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X LAURA MCGRADY 8476926378 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 BRIAN HECKERT PAST PRESIDENT 5.00 X X 47765 0 0 MARK HANNA PAST PRESIDENT 10.00 X X 100976 0 0 JAMES PITTMAN PRESIDENT 5.00 X X 79757 0 0 ROSS VANDERWOLF VICE PRESIDENT 5.00 X X 113421 0 0 REGINA BEDOYA VICE PRESIDENT 5.00 X X 44580 0 0 IAN GREEN SECRETARY 5.00 X X 23376 0 0 STEPHEN STAHR CEO 50.00 X 654025 0 142155 LAURA MCGRADY DIRECTOR OF FINANCE 40.00 10.00 X 164532 0 27681 PAMELA BROWN DIRECTOR STRATEGIC ENGAGEMENT 50.00 X 208458 0 13662 JAMES UNANDER DIRECTOR INFORMATION TECHNOLOGY 50.00 X 212968 0 27929 LAURA GOOD DIRECTOR HR/ADMIN SERVICES 40.00 10.00 X 193063 0 14709 JEANNE MALONE DIRECTOR MEETING SERVICES 50.00 X 174035 0 29207 ERYN CARTER SENIOR DIRECTOR, GM 40.00 X 162424 0 21564 JOHN PRAST FORMER CEO 0.00 0.00 X 141680 0 0 2321060 0 276907 16 1 1 0 MCI LLC 20 BENDEMEER ROAD SINGAPORE SN GLOBAL MEMBER SERVICES 1525874 FREEMAN PO BOX 650036 DALLAS TX 75265 MEETING DECOR 1468872 WILLIAMS GERARD PRODUCTIONS INC 420 NORTH WABASH CHICAGO IL 60611 MEETING PRODUCTION 1292975 APTIFY 7900 WEST PARK DRIVE TYSONS CORNER VA 22102 INFORMATION SYSTEM DESIGN 1085980 CONFERENCE SYSTEM INC 131 S DEARBORN STREET CHICAGO IL 60603 INTERRUPTER SERVICES 1004775 58 MEMBERSHIP INCOME 611430 36354603 36354603 MEETINGS INCOME 611430 9779994 9779994 46134597 1971201 1971201 42703234 38879504 3823730 3823730 3823730 1352277 573756 778521 778521 MANAGEMENT FEES 561000 100000 100000 OTHER REVENUE 900099 80961 80961 180961 52889010 46134597 0 6754413 1139832 1727007 6144791 681555 1625102 564168 81485 40051 489968 768843 1043139 1200387 2463417 1374237 947298 13080115 232401 145405 MDRT ACADEMY 1469319 PUBLICATION 568757 ALL OTHER EXPENSES 482551 STRATEGIC PLANNING EXPE 351832 36621660 10248552 11583282 4031750 5642780 43447 6992 897689 2293729 5318424 4576271 973153 742153 40293693 54752802 15239276 21967938 3150094 3394234 74877654 100383910 1718023 1530808 250000 500000 781748 7055734 8009083 7673068 10758854 16759610 X 64118800 83624300 64118800 83624300 74877654 100383910 X 16267350 3896681 -658531 X X 0 1 X 1 0 0 1 0 265000 265000 4479581 4002428 477153 573843 573843 0 742153 HEDGE FUND 289535 F GOVERNMENT AND AGENCY BONDS 15121643 F CORPORATE BONDS 6556760 F 21967938 PENSION LIABILITY 6454724 DEFERRED COMPENSATION 1218344 7673068 X 56210948 3896681 -84775 3811906 52399042 489968 489968 52889010 36705448 573756 573756 36131692 489968 489968 36621660 PART X, LINE 2: MDRT IS A TAX-EXEMPT ORGANIZATION AS DEFINED BY SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. MDRT FOLLOWS THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. MDRT HAS DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017 AND 2016. MDRT FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND ONE STATE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PENSION OBLIGATION -658,531. COST OF GOODS SOLD 573,756. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 573,756. SOUTH ASIA 1 1 PROGRAM SERVICES SEMINARS, NEWSLETTERS, MEMBERSHIP SUPPORT 258962 EAST ASIA AND THE PACIFIC 1 1 PROGRAM SERVICES SEMINARS, NEWSLETTERS, MEMBERSHIP SUPPORT 1885161 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 289535 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 2 2 0 0 2 2 2433658 0 2433658 1 0 1 0 1 0 PART I, LINE 3: THE ORGANIZATION USES ACCRUAL METHOD TO ACCOUNT FOR EXPENDITURES OUTSIDE OF THE UNITED STATES. 1 MDRT FOUNDATION 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 366080766 501(C)(3) 377500 N/A N/A GRANTS TO OTHER CHARITABLE ORGANIZATIONS LIFE & HEALTH INSURANCE FOUNDATION 1655 NORTH FORT MYERS DRIVE ARLINGTON VA 22209 521904610 501(C)(3) 750000 N/A N/A GRANT FOR GENERAL OPERATIONS 2 PART I, LINE 2: THE ORGANIZATION REQUIRES POTENTIAL GRANTEES TO PROVIDE FINANCIAL STATEMENTS AND BUDGETS. UPON RECEIVING A GRANT, ORGANIZATIONS ARE REQUESTED TO PROVIDE A REPORT AS TO HOW GRANT FUNDS WERE USED RELATIVE TO THE PROJECT FOR WHICH FUNDING WAS AWARDED. X X X X 1 1 X X 0 1 0 STEPHEN STAHR CEO 594025 0 60000 0 0 0 119839 0 22316 0 796180 0 0 0 LAURA MCGRADY DIRECTOR OF FINANCE 157032 0 7500 0 0 0 5365 0 22316 0 192213 0 0 0 PAMELA BROWN DIRECTOR STRATEGIC ENGAGEMENT 200958 0 7500 0 0 0 11982 0 1680 0 222120 0 0 0 JAMES UNANDER DIRECTOR INFORMATION TECHNOLOGY 197968 0 15000 0 0 0 5613 0 22316 0 240897 0 0 0 LAURA GOOD DIRECTOR HR/ADMIN SERVICES 183063 0 10000 0 0 0 4437 0 10272 0 207772 0 0 0 JEANNE MALONE DIRECTOR MEETING SERVICES 166535 0 7500 0 0 0 6891 0 22316 0 203242 0 0 0 ERYN CARTER SENIOR DIRECTOR, GM 149924 0 12500 0 0 0 6505 0 15059 0 183988 0 0 0 JOHN PRAST FORMER CEO 0 0 0 0 141680 0 0 0 0 0 141680 0 0 0 PART I, LINE 1A EXECUTIVE MEMBERS AND THE CEO CAN CHOOSE TO TRAVEL FIRST CLASS ON FLIGHTS WITH DURATIONS OF THREE HOURS OR LONGER (NONTAXABLE BENEFIT). SPOUSES CAN ACCOMPANY THE EXECUTIVE COMMITTEE MEMBERS ON THEIR TRAVELS. EACH EXECUTIVE COMMITTEE MEMBER RECEIVES A GROSS UP PAYMENT RELATED TO THEIR SPOUSAL TRAVEL AND ADMINISTRATIVE EXPENSES, WHICH IS TAXABLE TO THE INDIVIDUAL. EACH MEMBER OF THE EXECUTIVE COMMITTEE IS REIMBURSED FOR EXPENSES INCURRED RELATING TO ORGANIZATION MATTERS (NONTAXABLE TO THE INDIVIDUAL). EXECUTIVE COMMITTEE MEMBERS ARE ALSO REIMBURSED BY THE ORGANIZATION FOR THEIR STAFF PERSONEL PERFORMING ORGANIZATION WORK. NO MEMBER OF THE ORGANIZATION OR OF THE EXECUTIVE COMMITTEE, OR OF ANY OTHER COMMITTEE, RECEIVES COMPENSATION FOR SERVICES RENDERED. THE AMOUNTS BUDGETED FOR THE MATTERS ABOVE ARE INCLUDED IN THE ORGANIZATION'S BUDGET. THE BUDGET IS APPROVED BY THE FINANCE COMMITTEE ON AN ANNUAL BASIS. PART I, LINE 1B THE ORGANIZATION MAINTAINS AND FOLLOWS WRITTEN POLICIES REGARDING FIRST CLASS TRAVEL, SPOUSE TRAVEL, GROSS-UP PAYMENTS AND DISCRETIONARY SPENDING ACCOUNTS. PART I, LINE 3 EXPENSE REPORTS MUST BE SUBMITTED IN ORDER TO RECEIVE REIMBURSEMENT FROM THE ORGANIZATION. RECEIPTS ARE REQUIRED FOR ITEMS $25 OR GREATER. RECEIPTS ARE REQUIRED FOR ALL PURCHASES MADE WITH THE ORGANIZATION'S CREDIT CARD. PART I, LINE 4B THE FOLLOWING PERSONS RECEIVE BENEFITS FROM OR OTHERWISE PARTICIPATE IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS: JOHN PRAST - PAYMENT OF $141,680 (FULLY VESTED) STEPHEN STAHR - EARNED $107,472 (DOES NOT VEST UNTIL RETIREMENT DATE IS REACHED) FORM 990, PART VI, SECTION A, LINE 1 THE GOVERNING BODY IS GOVERNED AND MANAGED BY AN EXECUTIVE COMMITTEE DULY ELECTED BY THE MEMBERSHIP WHICH FUNCTIONS AS THE BOARD OF GOVERNANCE. THE COMMITTEE HAS FIVE VOTING OFFICERS AND INCLUDES THE CHIEF EXECUTIVE OFFICER AS AN EX-OFFICIO, NON-VOTING MEMBER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS THREE CLASSES OF MEMBERSHIP: 1) QUALIFYING, 2) QUALIFYING AND LIFE, AND 3) LIFE. EACH CLASS OF MEMBERSHIP SHALL BE A PRIVILEGE WHICH MAY BE GRANTED OR WITHHELD EACH YEAR BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A THE ROUND TABLE HAS A NOMINATING COMMITTEE CONSISTING OF SEVEN MEMBERS. THE PRESIDENT AND TWO AVAILABLE PAST PRESIDENTS SHALL BE MEMBERS OF THE NOMINATING COMMITTEE WITH THE OTHER FOUR MEMBERS NOT BEING MEMBERS OF GOVERNANCE OR PAST PRESIDENTS. IT IS THE NOMINATING COMMITTEE THAT IS ASSEMBLED TO ELECT NEW MEMBERS TO THE GOVERNING BODY. MEMBERS OF GOVERNANCE MUST BE LIFE MEMBERS OR QUALIFYING AND LIFE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE BY-LAWS MAY BE AMENDED BY THE MEMBERS. THE PROCESS REQUIRES NOTIFICATION OF THE MEMBERS NOT LESS THAN 30 DAYS PRIOR TO THE ANNUAL MEETING AND APPROVAL BY TWO-THIRDS OF THOSE MEMBERS PRESENT AT THE ANNUAL MEETING AND CASTING VOTES. AMENDMENTS MAY ALSO BE MADE BETWEEN ANNUAL MEETINGS BY SOLICITATION OF THE MEMBERS BY MAIL OR ELECTRONIC MEDIA. THIS METHOD ALSO REQUIRES 30 DAY NOTIFICATION IN ADVANCE OF THE BALLOT DEADLINE AND APPROVAL BY TWO-THIRDS OF MEMBERS CASTING VOTES. MEMBERS MAY PROPOSE AMENDMENTS BY WRITTEN PETITION CONTAINING SIGNATURES OF NOT LESS THAN 20% OF ALL MEMBERS. SUCH PETITION MUST BE SUBMITTED 90 DAYS PRIOR TO THE ANNUAL MEETING TO FACILITATE COMPLIANCE WITH THE 30 DAY NOTICE REQUIREMENT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION SUPPLIED BY MANAGEMENT. A DRAFT OF THE RETURN IS REVIEWED BY MANAGEMENT WITH ANY APPROPRIATE CHANGES BEING INCORPORATED INTO THE DOCUMENT BEFORE BEING PROVIDED TO THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH EXECUTIVE COMMITTE MEMBER IS REQUIRED TO AGREE TO THE CONFLICT OF INTEREST POLICY AND ACKNOWLEDGES THIS BY SIGNING THE CONFLICT OF INTEREST POLICY STATEMENT ON AN ANNUAL BASIS. COMPLIANCE IS MONITORED BY THE EXECUTIVE COMMITTEE ON AN ANNUAL BASIS. THE POLICY REQUIRES FULL AND PROMPT DISCLOSURE TO THE EXECUTIVE COMMITTEE OF ALL RELEVANT FACTS REGARDING ANY POSSIBLE CONFLICTS OF INTEREST. EACH EXECUTIVE COMMITTEE MEMBER AGREES TO INFORM IN WRITING AN OFFICER OF MDRT NOT AFFECTED BY THE CONFLICT. THEY MUST THEN REFRAIN FROM EXECUTIVE COMMITTEE DISCUSSION WITH RESPECT TO THE MATTER AND REFRAIN FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES ASAE'S BLUE CHIP AND ASSOCIATION FORUM SURVEYS TO EVALUATE COMPENSATION AT ALL LEVELS OF THE ORGANIZATION. THE BOARD OF GOVERNANCE REVIEWS THIS INFORMATION IN DETERMINING THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. OCCUPATION SPECIFIC SURVEYS SUCH AS SHRM, NFRE, AND NMA ARE REVIEWED FOR MOST RECENT COMPENSATION DOCUMENTATION. COMPENSATION FOR ALL EXECUTIVE POSITIONS WAS REVIEWED AND DOCUMENTED FOR 2017. ALLOWANCES AND REIMBURSEMENTS TO COMMITTEE MEMBERS ARE DETERMINED BASED UPON THE GUIDELINES STIPULATED WITHIN THE ORGANIZATION'S POLICY BOOK. THE POLICIES INCLUDED WITHIN ARE STRICTLY ADHERED TO. COMPENSATION FOR ALL OTHER EMPLOYEES IS EVALUATED ON AN ANNUAL BASIS BY THE CHIEF EXECUTIVE OFFICER AND DIRECTOR OF HUMAN RESOURCES. COMPENSATION STUDIES PREVIOUSLY MENTIONED ARE USED IN THE PROCESS OF EVALUATING ALL OTHER EMPLOYEES. ADDITIONALLY THE ORGANIZATION'S JOB DESCRIPTIONS AND SALARIES ARE REVIEWED BY AN EXTERNAL THIRD PARTY TO ASSESS WHETHER THE ORGANIZATION'S COMPENSATION IS COMPARABLE TO LIKE POSITIONS IN SIMILAR ORGANIZATIONS. THIS PROCESS IS PERFORMED AND DOCUMENTED APPROXIMATELY ONCE OVER TWO TO THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY -658,531. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MILLION DOLLAR ROUNDTABLE FOUNDATION 325 W TOUHY AVENUE PARK RIDGE IL 60068 366080766 GRANT MAKING TO OTHER CHARITABLE ORGANIZATIONS IL 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0