2018-02-21T07:16:47-06:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2016-07-01 611405040 PROFESSIONAL RISK MANAGERS' INTERNATIONAL ASSOCIATION PROF 6126055370 1700 CANNON ROAD SUITE 200 NORTHFIELD MN 55057 KRISTIN LUCAS DIRECTOR OF OPERATIONS 6126055370 2018-02-20 1 DEIRDRE HODGSON P01484710 6123764500 67.137.57.251 2018-02-20 14:21:52 CS P F3F329DFBA37A4C14C73FD596159B47BC051605F AEB561FE889C33FEC0A971B5B75B31039963007A 2016 2021-01-29 14:40:06Z X KRAIG CONRAD 1700 CANNON ROAD SUITE 200 NORTHFIELD MN 55057 2578868 0 X WWW.PRMIA.ORG X 2002 DE TO PROVIDE AN OPEN FORUM FOR THE PROMOTION OF SOUND RISK MANAGEMENT STANDARDS AND PRACTICES GLOBALLY. 9 9 20 600 0 0 0 0 2164222 2568761 0 0 6157 10107 2170379 2578868 0 0 0 0 1007956 1046647 0 0 0 1738705 1425820 2746661 2472467 -576282 106401 1533789 1695610 1928398 1983818 -394609 -288208 X TO PROVIDE A FREE AND OPEN FORUM FOR THE PROMOTION OF SOUND RISK MANAGEMENT STANDARDS AND PRACTTICES GLOBALLY. 0 0 RISK EDUCATION:PRMIA OFFERS RISK EDUCATION TO PROFESSIONALS GLOBALLY, THROUGH ONLINE COURSES, LIVE CLASSROOM TRAINING, WEBINARS, AND CUSTOMIZED IN-HOUSE CORPORATE TRAINING. RISK CERTIFICATION:THE PROFESSIONAL RISK MANAGER (PRM) DESIGNATION IS ENDORSED BY LEADING BUSINESSES AND UNIVERSITIES. IT IS THE GLOBAL STANDARD FOR THE WORLD'S TOP FINANCIAL RISK PROFESSIONALS. CERTIFICATE PROGRAMS INCLUDE THE ASSOCIATE PRM FOR STAFF ENTERING THE RISK MANAGEMENT PROFESSION; THE OPERATIONAL RISK MANAGER CERTIFICATE; THE CREDIT AND COUNTERPARTY RISK MANAGER CERTIFICATE; AND THE MARKET, LIQUIDITY AND ASSET LIABILITY CERTIFICATE. OUR PUBLICATIONS PROVIDE ACCESS TO SOME OF THE HIGHEST QUALITY AND MOST RELEVANT WRITING FOR PROFESSIONAL RISK MANAGERS. GLOBAL PRESENCE:PRMIA IS ACTIVE IN NEARLY EVERY MAJOR FINANCIAL CENTER. PRMIA PROVIDES AN EXTENSIVE AND ENGAGED NETWORK FOR RISK PROFESSIONALS. PRMIA HAS OVER 50,000 MEMBERS AND HAS 45 CHAPTERS WORLDWIDE. MEMBERSHIP:PRMIA HAS A VARIETY OF MEMBERSHIP TYPES TO OFFER, WITH TWO PAID LEVELS (SUSTAINING, $200 AND CONTRIBUTING, $50) AND ONE FREE LEVEL (AFFILIATE). 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 0 0 1 21 0 20 1 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 0 1 0 0 X KRISTIN LUCAS 6126055370 1700 CANNON ROAD SUITE 200 NORTHFIELD MN 55057 JUSTIN MCCARTHY CHAIR 2.00 0.25 X X 0 0 0 ROBERT REITANO VICE CHAIR 2.00 0.25 X X 0 0 0 KEN RADIGAN TREASURER 2.00 0.25 X X 0 0 0 OSCAR MCCARTHY SECRETARY 2.00 0.25 X X 0 0 0 WILSON FYFFE DIRECTOR 2.00 0.00 X 0 0 0 SAURABH MATHUR BTECH DIRECTOR 2.00 0.00 X 0 0 0 SANJAY SHARMA DIRECTOR 2.00 0.00 X 0 0 0 KEN YOO DIRECTOR 2.00 0.00 X 0 0 0 PIERRE YVES MAUROIS DIRECTOR 2.00 0.00 X 0 0 0 KRAIG CONRAD CHIEF EXECUTIVE OFFICER 50.00 0.25 X 160000 0 0 KRISTIN LUCAS DIRECTOR OF OPERATIONS 54.00 0.25 X 94246 0 6028 254246 0 6028 1 0 1 0 WELLEBEE LLC 3031 HIGHLAND BLVD MOUND MN 55364 DRUPAL WEBSITE CONSULTING 182400 CONSULTANCY MATTERS 235 EAST 49TH STREET STE 2A NEW YORK NY 10017 SALES CONSULTING 111069 NCS PEARSON INC 5601 GREEN VALLEY DR BLOOMINGTON MN 55437 EXAM FEES 105976 3 EXAM FEES 611430 748196 748196 TRAININGS 611430 704095 704095 MEMBERSHIP DUES 900099 443400 443400 PUBLICATIONS 611430 304648 304648 GLOBAL EVENTS 900099 264066 264066 104356 104356 2568761 MISCELLANEOUS INCOME 900099 10107 10107 10107 2578868 2568761 0 10107 252858 680740 45236 67813 18291 18588 189293 14203 177964 116008 44222 65750 110582 13372 TRAINING PROGRAM EXPENS 202542 COST OF EVENTS 160213 EXAM ADMINISTRATION FEE 142248 PUBLICATION EXPENSES 74330 78214 2472467 1177544 1255929 89224 208044 13974 8988 25629 33991 494057 349236 160377 144821 67041 43837 1533789 1695610 226774 152243 1701624 1831575 1928398 1983818 X -394609 -288208 -394609 -288208 1533789 1695610 106401 0 X 0 1 X 1 0 0 0 0 0 0 1 0 4939 103 4836 25694 20336 5358 463424 328797 134627 144821 X PART X, LINE 2: PRMIA IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC) AND COMPARABLE STATE LAW. PRMIA INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC AND COMPARABLE STATE LAW. PRMIA FOLLOWS THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. PRMIA IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS IT HAS TAKEN. PRMIA IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 0 PROGRAM SERVICES PROMOTION OF SERVICES AND PRODUCTS 82263 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES EVENTS/CONFERENCES 103438 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES EVENTS/CONFERENCES 14364 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES TRAINING EVENTS 46545 1 0 0 0 1 0 246610 0 246610 0 0 0 0 0 0 PART I, LINE 3: EXPENDITURES ON SCHEDULE F ARE REPORTED ON AN ACCRUAL BASIS. X X X 0 0 0 KRAIG CONRAD CHIEF EXECUTIVE OFFICER 160000 0 0 0 0 0 0 0 0 0 160000 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, VICE-CHAIR, SECRETARY AND TREASURER OF PRMIA'S BOARD OF DIRECTORS AND IS SUBJECT TO THE AUTHORITY OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE HAS THE POWER TO DIRECT THE ROUTINE ADMINISTRATIVE AFFAIRS OF PRMIA BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE CHAIR SHALL SERVE AS CHAIRPERSON OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS THE FOLLOWING MEMBERS: REGULAR MEMBER: ONLY INDIVIDUAL PERSONS MAY BECOME REGULAR MEMBERS OF PRMIA. TO BECOME A REGULAR MEMBER OF PRMIA AN INDIVIDUAL MUST SATISFY THE MEMBERSHIP REQUIREMENTS DETERMINED BY THE BOARD. APPLICATIONS FOR REGULAR MEMBERSHIP MAY BE MADE ELECTRONICALLY VIA PRMIA WEBSITE OR IN ANY OTHER MANNER APPROVED BY THE BOARD. REGULAR MEMBERS SHALL HAVE VOTING RIGHTS ON ALL MATTERS THAT COME BEFORE THE MEMBERS; MEMBERS SHALL HAVE NO VOTING RIGHTS WITH RESPECT TO ELECTION OF THE OFFICERS OF PRMIA. ALL FURTHER REFERENCES TO MEMBERS (PAYING SUSTAINING AND/OR CONTRIBUTING) SHALL REFER TO REGULAR MEMBERS UNLESS OTHERWISE STATED; PENDING THEIR PROACTIVE REGISTRATION AND OTHER DETERMINATION OF MEMBER RIGHTS AS ARTICULATED BY THE BOARD. AFFILIATE MEMBERS: THE BOARD SHALL SET THE REQUIREMENTS FOR AFFILIATE MEMBERSHIP, AND MAY MODIFY THOSE REQUIREMENTS. INDIVIDUALS NOT MEETING THE REQUIREMENTS OF A REGULAR MEMBER MAY APPLY FOR AFFILIATE MEMBERSHIP. AFFILIATE MEMBERS SHALL HAVE NO VOTING RIGHTS. OTHER MEMBERS: A CORPORATION, ASSOCIATION, EDUCATIONAL INSTITUTION OR GOVERNMENT AGENCY MAY APPLY TO BE AN AFFILIATE MEMBER OF PRMIA, WHICH, MAY ALSO BE REFERRED TO AS A "CORPORATE MEMBER OR "EDUCATIONAL PARTNER" AS APPROPRIATE. APPLICATIONS TO BECOME A CORPORATE MEMBER OR AN EDUCATIONAL PARTNER SHALL BE MADE IN A MANNER APPROVED BY THE BOARD. SUCH MEMBERS SHALL HAVE NO VOTING RIGHTS. IN ANY CORPORATE MEMBER RELATIONSHIP, THE IDENTIFIED INDIVIDUAL SUSTAINER OR CONTRIBUTOR (IDENTIFIED REGULAR MEMBER) SHALL BE CONSIDERED A REGULAR MEMBER AS DEFINED BY THESE BYLAWS AND SHALL ASSUME ALL RIGHTS THEREOF. REGIONAL DIRECTORS: REGIONAL DIRECTORS ARE GOVERNED IN ACCORDANCE WITH THE TERMS OF REFERENCE OF THE GLOBAL COUNCIL OF REGIONAL DIRECTORS (SEE ARTICLE 7.2.4). THESE TERMS OF REFERENCE ARE APPROVED BY THE BOARD. THE GLOBAL COUNCIL OF REGIONAL DIRECTORS MAY APPOINT MEMBERS OR AFFILIATE MEMBERS TO SERVE AS REGIONAL DIRECTORS FOR ANY OF PRMIA REGIONAL CHAPTERS (SEE ARTICLE 8). REGIONAL DIRECTORS SHALL ELECT THE OFFICERS OF PRMIA. BUT NO REGIONAL DIRECTOR WHO IS ALSO A MEMBER OF THE BOARD SHALL BE ENTITLED TO VOTE IN AN ELECTION OF THE OFFICERS OF PRMIA. FORM 990, PART VI, SECTION A, LINE 7A THE SUSTAINING MEMBERS, CONTRIBUTING MEMBERS, AND C-SUITE MEMBERS OF THE ASSOCIATION HAVE VOTING RIGHTS. AFFILIATE MEMBERS DO NOT HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7B ANY AMENDMENT TO, OR REPEAL OF, THE ARTICLES OF INCORPORATION OR THE BYLAWS REQUIRE THE APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF OPERATIONS REVIEWS THE FORM 990 IN DETAIL FOLLOWED BY THE FINANCE COMMITTEE. THE RETURN WILL BE PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EXCEPT AS PERMITTED BY LAW, WITH RESPECT TO ANY CONTRACT OR OTHER TRANSACTION BETWEEN PRMIA AND ANY DIRECTOR (OR AN ORGANIZATION IN WHICH A DIRECTOR MAY BE A DIRECTOR, OFFICER OR LEGAL REPRESENTATIVE OR HAS A MATERIAL FINANCIAL INTEREST): A) THE MATERIAL FACTS AS TO SUCH CONTRACT OR TRANSACTION AS TO THE DIRECTOR'S INTEREST MUST BE FULLY DISCLOSED OR KNOWN TO THE BOARD OF DIRECTORS PRIOR TO APPROVAL OF SUCH CONTRACT OR TRANSACTION; B) SUCH APPROVAL SHALL REQUIRE THE AFFIRMATIVE VOTE OF A MAJORITY OF THE TOTAL NUMBER OF DIRECTORS, NOT COUNTING ANY VOTE THAT THE INTERESTED DIRECTOR MIGHT HAVE; C) THE INTERESTED DIRECTOR SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM; AND D) PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS AND DETERMINES THE ANNUAL COMPENSATION FOR MANAGEMENT POSITIONS BASED ON INDUSTRY STANDARD, LOCATION, EXPERIENCE, ETC. THIS REVIEW LAST TOOK PLACE IN 2017. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH THEIR WEBSITE. THE CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. PRMIA INSTITUTE 2711 CENTERVILLE RD WILMINGTON DE 19808 201425960 DORMANT DE 501(C)(3) LINE 12A, I PROFESSIONAL RISK MANAGERS' INTERNATIONAL ASSOCIATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0