2025-11-14T21:23:24-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-01-01 131860397 RISK AND INSURANCE MANAGEMENT SOCIETY INC RISK 2122869292 228 PARK AVE S PMB 23312 NEW YORK NY 100031502 GARY LABRANCHE CHIEF EXECUTIVE OFFICER 2122869292 2025-11-05 1 1 KERRI N BOGDA P00760402 7177404863 2025-11-14 2024 2025-03-06 01:10:19Z RIMS GARY LABRANCHE 228 PARK AVE S PMB 23312 NEW YORK NY 100031502 23773950 0 X WWW.RIMS.ORG X 1978 IL TO EDUCATE, ENGAGE AND ADVOCATE FOR THE GLOBAL RISK MANAGEMENT COMMUNITY. 14 13 42 153 281333 0 0 0 17665956 20113328 294719 853290 603669 711675 18564344 21678293 254502 187565 0 0 8264638 8902264 0 0 0 10491235 11481232 19010375 20571061 -446031 1107232 21948496 22200138 16735160 15537452 5213336 6662686 X THE RISK AND INSURANCE MANAGEMENT SOCIETY, INC. EMPOWERS RISK PROFESSIONALS TO MAKE THE WORLD SAFER, MORE SECURE, AND MORE SUSTAINALBE.RIMS CONFERENCES DELIVER PREMIER RISK MANAGEMENT EDUCATION THROUGH EXPERT SPEAKERS, PRACTICAL PRESENTATIONS, AND PEER KNOWLEDGE SHARING. THIS PROGRAM OVERSEES THE PLANNING AND PRODUCTION OF RISKWORLD - THE FLAGSHIP ANNUAL CONFERENCE & EXHIBITION - ALONG WITH THE ERM CONFERENCE AND THE ANNUAL CANADA CONFERENCE. RISKWORLD IS THE LEADING EVENT FOR RISK PROFESSIONALS, ATTRACTING NEARLY 9,000 ATTENDEES WORLDWIDE IN 2022 AND OVER 10,000 IN 2024, FEATURING IN-DEPTH LEARNING FOR ALL CAREER LEVELS AND A DYNAMIC MARKETPLACE WITH 400+ EXHIBITORS. 0 0 RIMS CONFERENCES DELIVER PREMIER RISK MANAGEMENT EDUCATION THROUGH EXPERT SPEAKERS, PRACTICAL PRESENTATIONS, AND PEER KNOWLEDGE SHARING. THIS PROGRAM OVERSEES THE PLANNING AND PRODUCTION OF RISKWORLD - THE FLAGSHIP ANNUAL CONFERENCE & EXHIBITION - ALONG WITH THE ERM CONFERENCE, RIMS TEXAS, THE ANNUAL CANADA CONFERENCE AND OTHER EVENTS. RISKWORLD IS THE LEADING EVENT FOR RISK PROFESSIONALS, ATTRACTING 10,000 PLUS ATTENDEES, FEATURING IN-DEPTH LEARNING FOR ALL CAREER LEVELS AND A DYNAMIC MARKETPLACE WITH 400+ EXHIBITORS. MEMBERSHIP - THE MEMBERSHIP PROGRAM SUPPORTS RIMS' GLOBAL COMMUNITY OF RISK PROFESSIONALS BY DRIVING MEMBER ENGAGEMENT, RECRUITMENT, AND RETENTION. IT FOSTERS PROFESSIONAL GROWTH THROUGH NETWORKING, EDUCATION, AND LEADERSHIP DEVELOPMENT INITIATIVES, WHILE OFFERING RESOURCES LIKE CAREER TOOLS, SURVEYS, AND STUDENT PROGRAMS TO PREPARE THE NEXT GENERATION OF RISK LEADERS. KNOWLEDGE AND LEARNING - RIMS PROVIDES COMPREHENSIVE LEARNING AND DEVELOPMENT PROGRAMS, INCLUDING STUDENT AND MEMBER INITIATIVES, PROFESSIONAL COMMUNITIES, AND A VARIETY OF EDUCATIONAL FORMATS SUCH AS COURSES, WORKSHOPS, WEBINARS, AND CERTIFICATIONS. THESE OFFERINGS FOCUS ON ESSENTIAL RISK MANAGEMENT SKILLS AND LEADERSHIP DEVELOPMENT FOR ALL CAREER LEVELS. PUBLICATIONS - RISK MANAGEMENT MAGAZINE IS RIMS' FLAGSHIP PUBLICATION AND INCLUDES ARTICLES OF INTEREST TO PROFESSIONALS RESPONSIBLE FOR RISK AND INSURANCE MANAGEMENT IN BUSINESS AND INDUSTRIAL FIRMS, PUBLIC ADMINISTRATION AND GOVERNMENT, INSURANCE COMPANIES, AGENTS AND BROKERS, BUSINESS SERVICES AND OTHERS ALLIED TO THE FIELD. BY PROVIDING IN-DEPTH ANALYSIS OF THE WORLD OF RISK, RISK MANAGEMENT MAGAZINE IS A VITAL SOURCE OF PERTINENT INFORMATION FOR RISK PROFESSIONALS AND THOSE WHO ENGAGE WITH RISK PROFESSIONALS. THE DIGITAL MAGAZINE IS PUBLISHED 12 TIMES ANNUALLY AND IS SUPPORTED BY AN ONLINE SITE CONTAINING ROBUST DIGITAL CONTENT AND THE RISK MANAGEMENT MONITOR BLOG, WHICH OFFERS DAILY COVERAGE AND ANALYSIS OF THE LATEST RISK-RELATED NEWS AND ISSUES. RISK-WIRE, DISTRIBUTED TWICE PER WEEK, IS AN EXCLUSIVE NEWS SERVICE FOR RIMS MEMBERS THAT PROVIDES AN EXECUTIVE SUMMARY AND LINKS TO THE MOST IMPORTANT RISK MANAGEMENT STORIES OF THE DAY. ADDITIONAL ONLINE RESOURCES THAT PROVIDE TODAY'S RISK PROFESSIONALS WITH KNOWLEDGE, TOOLS AND RESOURCES THEY NEED TO BE SUCCESSFUL INCLUDE THE STRATEGIC & ENTERPRISE RISK CENTER AND RISK KNOWLEDGE SEARCHABLE CONTENT LIBRARY WHICH ARE AVAILABLE TO BOTH MEMBERS AND THE GENERAL PUBLIC. ADDITIONALLY, THIS AREA ENCOMPASSES RIMS STRATEGIC INITIATIVES AND ENTERPRISE RISK PRACTICE WHICH ENLARGES THE VALUE PROPOSITION FOR RISK MANAGEMENT AS A STRATEGIC BUSINESS DISCIPLINE TO ENCOMPASS VALUE CREATION AND CAPTURE (THE UPSIDE OF UNCERTAINTY), AS WELL AS VALUE PROTECTION (THE DOWNSIDE OF UNCERTAINTY). IN LEADING NEW RESEARCH AND THE DEVELOPMENT OF INNOVATIVE, YET PRAGMATIC, STRATEGIC AND OPERATIONAL RISK PRACTICES THAT ARE APPLICABLE ACROSS ALL TYPES OF ORGANIZATIONS, THE PRACTICE'S MAIN OBJECTIVE IS TO DRIVE INCREMENTAL AND RECURRING REVENUE STREAMS FOR RIMS BY BROADENING ITS MEMBERSHIP AND DELIVERING SPECIFIC PRODUCTS AND SERVICES THAT PROVIDE UNIQUE AND PRACTICAL VALUE FOR ITS CURRENT AND NEW MEMBERS. IN 2021, RIMS BROUGHT ITS RIMS RISK MATURITY MODEL IN HOUSE, ENHANCING THE INTERACTIVE MODEL WHICH FOCUSES ON THE ELEMENTS AND CHARACTERISTICS CONSIDERED IMPORTANT FOR MATURING RISK MANAGEMENT CAPABILITIES. THE MODEL, BUILT BY RISK PROFESSIONALS FOR RISK PROFESSIONALS, WAS ENHANCED USING RIMS SUBJECT MATTER EXPERTS AND EXTERNAL SOFTWARE DEVELOPERS. PUBLIC POLICY (FORMERLY EXTERNAL AFFAIRS) - THIS PROGRAM ENCOMPASSES GOVERNMENT AFFAIRS, ADVOCACY AND EXTERNAL COMMUNICATIONS. GOVERNMENT AFFAIRS FOCUSES ON U.S. FEDERAL, STATE AND CANADIAN FEDERAL AND PROVINCIAL LEGISLATIVE AND REGULATORY ISSUES THAT IMPACT THE RISK MANAGEMENT COMMUNITY AND MAINTAINS A STANDING EXTERNAL AFFAIRS COMMITTEE THAT IS RESPONSIBLE FOR CRAFTING RIMS POSITION STATEMENTS, COMPOSING LETTERS TO MEMBERS OF CONGRESS AND ESTABLISHING RIMS LEGISLATIVE PRIORITIES. THE PROGRAM CONDUCTS LOBBYING AT ALL LEVELS OF GOVERNMENT THROUGH AN ASSORTMENT OF STRATEGIES, INCLUDING THE ANNUAL RIMS LEGISLATIVE SUMMIT, WHICH BRINGS RISK PROFESSIONALS TO WASHINGTON, D.C. TO FURTHER THE AGENDA OF THE RISK MANAGEMENT COMMUNITY. THE GOVERNMENT AFFAIRS PROGRAM MAINTAINS CONTACT WITH ITS MEMBERS THROUGHOUT NORTH AMERICA REGARDING ALL LEGISLATIVE DEVELOPMENT VIA THE RIMS WEBSITE, NEWSLETTERS AND E-MAIL ALERTS AND OFFERS RESOURCES ON ADVOCACY TO MEMBERS AND NONMEMBERS. CERTIFICATION - RIMS OFFERS THE ONLY COMPETENCY-BASED RISK MANAGEMENT CREDENTIAL, AN ACCREDITED RIMS-CRMP CERTIFICATION THAT VALIDATES PERFORMANCE ABILITY, TECHNICAL KNOWLEDGE AND COMMITMENT TO RISK MANAGEMENT QUALITY STANDARDS. IT REPRESENTS THE STANDARD OF EDUCATION, EXPERIENCE AND ETHICS THAT DISCIPLINE REQUIRES AND ALLOWS CERTIFICATION HOLDERS TO DEMONSTRATE THEIR KNOWLEDGE, COMPETITIVE ADVANTAGE AND COMMITMENT TO QUALITY AND ETHICS. RIMS ALSO ADMINISTERS THE CANADIAN RISK MANAGEMENT (CRM) DESIGNATION, A CREDENTIAL RECOGNIZED ACROSS BOTH PUBLIC AND PRIVATE SECTORS. THIS DESIGNATION PROVIDES RISK PROFESSIONALS WITH FOUNDATIONAL COMPETENCIES IN IDENTIFYING, ASSESSING, MONITORING, AND MITIGATING RISK. IT IS REGARDED AS A KEY CONTRIBUTOR TO PROFESSIONAL CREDIBILITY AND CAREER ADVANCEMENT WITHIN THE RISK MANAGEMENT FIELD. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 52 0 42 1 1 1 1 CA 0 0 0 0 0 0 X 14 13 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X GARY LABRANCHE CEO 2122869292 228 PARK AVE S PMB 23312 NEW YORK NY 100031502 DAVID ARICK PRESIDENT 5.00 0.00 X X 0 0 0 KRISTEN PEED VICE PRESIDENT 5.00 0.00 X X 0 0 0 KEVIN BATES TREASURER 5.00 0.00 X X 0 0 0 MANUEL PADILLA SECRETARY 5.00 0.00 X X 0 0 0 ANN BARRY DIRECTOR 3.00 0.00 X 0 0 0 PENNI CHAMBERS DIRECTOR 3.00 0.00 X 0 0 0 JOHN KLINE DIRECTOR 3.00 0.00 X 0 0 0 WILLIAM LEHMAN DIRECTOR 3.00 0.00 X 0 0 0 TAMIEKA WEEKS DIRECTOR 3.00 0.00 X 0 0 0 CHRISTIE WEINSTEIN DIRECTOR 3.00 0.00 X 0 0 0 ROBERT ZHANG DIRECTOR 3.00 0.00 X 0 0 0 JENNIFER SANTIAGO DIRECTOR 3.00 0.00 X 0 0 0 CHRISTY KAUFFMAN DIRECTOR 3.00 0.00 X 0 0 0 GARY LABRANCHE CHIEF EXECUTIVE OFFICER 34.75 0.25 X 550440 0 92536 KATHERINE GLEDHILL CHIEF FINANCIAL OFFICER 34.75 0.25 X 240090 0 21900 MARK PRYSOCK GENERAL COUNSEL 34.75 0.25 X 271360 0 41079 ANNETTE HOMAN CHIEF OPERATING OFFICER 34.75 0.25 X 259579 0 53005 MICHAEL PETERS CHIEF TECHNOLOGY OFFICER 35.00 0.00 X 254705 0 70663 STUART RUFF-LYON CHIEF SALES & EVENTS OFFICER 35.00 0.00 X 230175 0 38493 LESLIE WHITTET CHIEF MEMBER EXPERIENCE OFFICER 35.00 0.00 X 202665 0 33401 DENISE TERESA OSORIO VP-PROFESSIONAL DEVELOPMENT 35.00 0.00 X 200957 0 15695 BEREKET HAILE CONTROLLER 35.00 0.00 X 161269 0 22181 ROHIT PALRECHA SENIOR DATA ANALYTICS MANAGER 35.00 0.00 X 161397 0 12707 SCOTT BALDRIDGE SYSTEMS ENGINEER MANAGER 35.00 0.00 X 161184 0 42978 RICHARD OFOSU DIRECTOR OF SALES 35.00 0.00 X 157931 0 58003 2851752 0 502641 23 0 1 0 FREEMAN 6320 EAST STASSNEY LANE STE 375 AUSTIN TX 78744 CONFERENCE LOGISTICS/MANAGEMENT 1660808 MDG 2445 5TH AVE SUITE 450 SAN DIEGO CA 92101 MARKETING SERVICES 603595 CONVENTION NEWS TELEVISION 3670 MAQUIRE BLVD SUITE 220 ORLANDO FL 32803 VIDEO PRODUCTION SERVICES 232753 SAN DIEGO CONVENTION CENTER 111 WEST HARBOR DRIVE SAN DIEGO CA 92101 EVENT MANAGEMENT 229044 NETRONIX 5 EXECUTIVE COURT UNIT 2 SOUTH BARRINGTON IL 60010 EVENT MANAGEMENT 195127 21 CONFERENCE/SEMINARS 900099 14540377 14540377 MEMBERSHIP DUES 900099 2904873 2904873 PROFESSIONAL DEVELOPMENT 541900 1212491 1212491 ADMINISTRATIVE FEES 541900 1136996 1136996 ADVERTISING 541800 305379 74479 230900 13212 13212 20113328 431947 431947 73898 73898 540922 0 540922 540922 540922 2517000 2095657 421343 421343 421343 RIMS CAREER CENTER 900099 50433 50433 MISCELLANEOUS 900099 28513 28513 SURVEY INCOME 900099 10360 10360 7549 7549 96855 21678293 19882428 281333 1514532 131381 56184 2360092 5262422 795140 484610 30282 68058 37319 1561025 261672 646020 2435896 872701 738570 1757628 47019 91613 301400 FOOD & BEVERAGE EXPENSE 1368507 FACILITIES/EQUIPMENT RE 666939 CERTIFICATION EXPENSES 168485 MINOR EQUIPMENT 102510 325588 20571061 2567024 1376153 957547 1481969 290251 458038 1036304 1109549 4662129 4122625 573281 539504 9797340 11051183 673277 700849 6053472 5482893 21948496 22200138 1818191 1553927 6112941 6189620 8804028 7793905 16735160 15537452 X 5213336 6662686 0 0 5213336 6662686 21948496 22200138 X 1107232 308373 33745 X 0 1 X 1 0 0 0 0 2904872 425091 425091 423226 1865 246116 107875 138241 835357 835357 0 3580656 3179393 401263 539504 DUE TO/FROM 39864 OFFICE RENT SECURITY DEPOSIT 307405 OPERATING LEASE RIGHT OF USE ASSETS 5135624 5482893 LINE OF CREDIT 800000 OPERATING LEASE LIABILITY 6993905 7793905 X 21983092 308373 -3574 304799 21678293 0 21678293 20533742 0 20533742 37319 37319 20571061 PART X, LINE 2: UNDER ASC 740, INCOME TAXES, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION HAS FILED FOR, AND RECEIVED, INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE ORGANIZATION HAS FILED IRS FORM 990 INFORMATION RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THERE WERE NO INTEREST OR PENALTIES NECESSARY TO BE RECORDED OR INCLUDED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSES -37,319. FOREIGN CURRENCY EXCHANGE GAIN 33,745. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 37,319. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 SOCIAL MEDIA FEED, LEGAL FEES, TAX FILINGS, REGISTERED AGENT, AUDIT SERVICES, TAXES PAID BUSINESS DEVELOPMENT 44642 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT 24374 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INSURANCE, TAX FILINGS, EVENTS STUDENT INITIATIVES 1012545 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 MARKETING, EVENTS, COURSE INSTRUCTOR FEE, MANUALS FOR EDUCATION COURSE EVENTS 22284 MIDDLE EAST AND NORTH AFRICA 0 0 CONFERENCES EVENTS 3614 SUB-SAHARAN AFRICA 0 0 CONFERENCE SPEAKER FEES EVENTS 15000 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTMAKING 56184 0 0 0 0 0 0 1178643 0 1178643 NORTH AMERICA EDUCATIONAL PURPOSES AT CHAPTER LEVEL 16101 WIRE 0 NORTH AMERICA EDUCATIONAL PURPOSES AT CHAPTER LEVEL 11572 WIRE 0 NORTH AMERICA EDUCATIONAL PURPOSES AT CHAPTER LEVEL 6121 WIRE 0 NORTH AMERICA EDUCATIONAL PURPOSES AT CHAPTER LEVEL 6102 WIRE 0 NORTH AMERICA EDUCATIONAL PURPOSES AT CHAPTER LEVEL 5643 WIRE 0 NORTH AMERICA EDUCATIONAL PURPOSES AT CHAPTER LEVEL 5460 WIRE 0 NORTH AMERICA EDUCATIONAL PURPOSES AT CHAPTER LEVEL 5185 WIRE 0 0 0 0 0 0 0 PART I, LINE 2: THE GRANTS AWARDED BY THE RIMS CANADA COUNCIL IN 2024 WERE A ONE-TIME DISBURSEMENT TO EACH OF THE CANADIAN CHAPTERS. EACH CHAPTER WAS PROVIDED WITH AND SIGNED A GRANT AGREEMENT. OCCASIONALLY SMALLER, NEED-BASED STIPENDS ARE AWARDED BY THE RCC WHICH ALSO HAVE AN AWARD AGREEMENT. 0 SPENCER EDUCATIONAL FOUNDATION INC PO BOX 23613 NEW YORK NY 10087 581420617 501(C)(3) 36000 71881 FMV FOOD & BEVERAGE, AV, ELECTRICAL EXP FOR GALA & RISK MANAGEMENT CHALLENGE RIMS MANAGEMENT CHALLENGE AND GALA SPONSORSHIP PCMA FOUNDATION 200 E RANDOLPH ST SUITE 750 CHICAGO IL 60601 472487430 501(C)(3) 8000 0 PCMA FOUNDATION DONATION AMERICAN RISK & INSURANCE ASSOC INC 4005 4TH ST 754E MINNEAPOLIS MN 55415 370844406 501(C)(3) 15500 0 HIGHER EDUCATION DONATION 3 0 X X 1 0 X 0 0 0 GARY LABRANCHE CHIEF EXECUTIVE OFFICER 500183 0 50257 0 0 0 30500 0 62036 0 642976 0 0 0 MICHAEL PETERS CHIEF TECHNOLOGY OFFICER 242705 0 12000 0 0 0 21343 0 49320 0 325368 0 0 0 ANNETTE HOMAN CHIEF OPERATING OFFICER 249579 0 10000 0 0 0 21575 0 31430 0 312584 0 0 0 MARK PRYSOCK GENERAL COUNSEL 259360 0 12000 0 0 0 21178 0 19901 0 312439 0 0 0 STUART RUFF-LYON CHIEF SALES & EVENTS OFFICER 216175 0 14000 0 0 0 18484 0 20009 0 268668 0 0 0 KATHERINE GLEDHILL CHIEF FINANCIAL OFFICER 230090 0 10000 0 0 0 21121 0 779 0 261990 0 0 0 LESLIE WHITTET CHIEF MEMBER EXPERIENCE OFFICER 193665 0 9000 0 0 0 13500 0 19901 0 236066 0 0 0 DENISE TERESA OSORIO VP-PROFESSIONAL DEVELOPMENT 189957 0 11000 0 0 0 15695 0 0 0 216652 0 0 0 RICHARD OFOSU DIRECTOR OF SALES 151931 0 6000 0 0 0 13025 0 44978 0 215934 0 0 0 SCOTT BALDRIDGE SYSTEMS ENGINEER MANAGER 154184 0 7000 0 0 0 13544 0 29434 0 204162 0 0 0 BEREKET HAILE CONTROLLER 158269 0 3000 0 0 0 10261 0 11920 0 183450 0 0 0 ROHIT PALRECHA SENIOR DATA ANALYTICS MANAGER 155397 0 6000 0 0 0 12707 0 0 0 174104 0 0 0 PART I, LINE 1A TRAVEL COSTS WERE COVERED FOR KAREN LABRANCHE, WIFE OF CEO GARY LABRANCHE. GARY LABRANCHE, CEO, WAS PROVIDED WITH GROSSED UP TAX COVERAGE. FORM 990, PART VI, SECTION A, LINE 6 RISK AND INSURANCE MANAGEMENT SOCIETY, INC. IS A MEMBERSHIP ORGANIZATION. MEMBERSHIP TYPES ARE PROFESSIONAL (EMPLOYED WITH RISK RESPONSIBILITIES), ASSOCIATE (VENDOR TO RISK MANAGEMENT PROFESSION), STUDENT (FULL TIME STUDENT MAJORING IN RISK MANAGEMENT, INSURANCE OR BUSINESS), EDUCATIONAL (PROFESSOR IN A PROGRAM PROVIDING RISK MANAGEMENT, INSURANCE OR BUSINESS EDUCATION) RETIRED, AND TRANSITIONAL (MEMBER WHO LOST EMPLOYMENT), INDIVIDUAL (EMPLOYED WITH RISK RESPONSIBILITIES, BUT JOIN SEPARATE FROM THEIR ORGANIZATION). FORM 990, PART VI, SECTION A, LINE 7A ORGANIZATIONAL MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE BYLAWS REQUIRE APPROVAL BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A NATIONALLY RECOGNIZED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S MANAGEMENT. THE DRAFT FORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT. AFTER REVIEW THE FORM 990 IS THEN PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO SIGN CONFLICT OF INTEREST STATEMENTS UPON APPOINTMENT AND HIRE. GENERAL COUNSEL REVIEWS CONTRACTS BEFORE THEY ARE EXECUTED. AS PART OF THAT REVIEW, QUESTIONS MAY ARISE REGARDING THE OTHER PARTY'S KEY STAKEHOLDERS. IF A CONFLICT IS IDENTIFIED, THE GENERAL COUNSEL WILL CONTACT THE RIMS VOLUNTEER WITH THE POTENTIAL CONFLICT, QUESTION HIM/HER ABOUT THE POTENTIAL CONFLICT, AND THEN RELAY ANY INFORMATION TO THE AUDIT COMMITTEE. OF NOTE: WE HAVE NOT ENCOUNTERED ANY CONFLICTS OF INTEREST TO DATE. THE POLICY APPLIES TO DIRECTORS, OFFICERS, COMMITTEE AND COUNCIL VOLUNTEERS, AND KEY STAFF MEMBERS. AS PREVIOUSLY STATED, THE GENERAL COUNSEL WILL MAKE AN INITIAL DETERMINATION ABOUT A POTENTIAL CONFLICT, AFTER WHICH IT WOULD BE FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE INDIVIDUAL WITH THE CONFLICT WILL BE ASKED TO RECUSE HIMSELF/HERSELF FROM ANY DELIBERATIONS OR DECISIONS RELATED TO THE BUSINESS TRANSACTION. IF THE CONFLICT IS DEEMED SUBSTANTIAL, THE INDIVIDUAL MAY BE ASKED TO RESIGN HIS/HER VOLUNTEER POSITION WITH RIMS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S EXECUTIVE COMMITTEE REVIEWS AND APPROVES CHANGES TO THE CHIEF EXECUTIVE OFFICER'S COMPENSATION. RIMS CONTRACTS WITH A THIRD PARTY TO REVIEW AND DETERMINE THE COMPETITIVENESS OF THE BASE SALARY AND TOTAL COMPENSATION PROPOSED FOR THE CEO IN RELATION TO PEER ORGANIZATIONS, OTHER NOT-FOR-PROFIT ORGANIZATIONS, AND, AS APPROPRIATE, FOR-PROFIT ENTITIES. THE THIRD PARTY PROVIDED INFORMATION REGARDING THE REASONABLENESS AND APPROPRIATENESS OF TOTAL COMPENSATION PROVIDED TO THE CEO TO DETERMINE COMPLIANCE WITH INTERMEDIATE SANCTIONS REGULATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY EXCHANGE 33,745. GLOBAL RISK MANAGEMENT INSTITUTE INC 228 PARK AVE S PMB 23312 NEW YORK NY 100031502 134059911 PROFESSIONAL DEVELOPMENT NY 501(C)(3) LINE 7 RIMS 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 GLOBAL RISK MANAGEMENT INSTITUTE L 120225 MANAGEMENT AGREEMENT