2017-05-15T15:22:26-05:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2015-07-01 611405040 PROFESSIONAL RISK MANAGERS' INTERNATIONAL ASSOCIATION PROF 6126055370 400 WASHINGTON STREET NORTHFIELD MN 55057 KRISTIN LUCAS DIRECTOR OF OPERATIONS 6126055370 2017-05-04 1 DEIRDRE HODGSON P01484710 6123764500 2015 2021-01-29 14:40:06Z KRAIG CONRAD 400 WASHINGTON STREET NORTHFIELD MN 55057 2170379 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 8 17 600 0 0 0 0 2056280 2164222 0 0 15861 6157 2072141 2170379 0 0 0 0 913547 1007956 0 0 0 1419083 1738705 2332630 2746661 -260489 -576282 1488031 1533789 1306517 1928398 181514 -394609 X TO PROVIDE AN OPEN FORUM FOR THE PROMOTION OF SOUND RISK MANAGEMENT STANDARDS AND PRACTICES 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 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 1 31 0 17 1 0 0 0 0 0 0 X 9 8 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 400 WASHINGTON STREET 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 DIRECTOR 2.00 0.00 X 0 0 0 FARUK PATEL 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 EX OFFICIO (CEO) 50.00 0.25 X 34051 0 0 KEVIN CUFF EX OFFICIO (EXECUTIVE DIRECTOR) 50.00 0.25 X 119435 0 0 KRISTIN LUCAS DIRECTOR OF OPERATIONS 54.00 0.25 X 103093 0 6390 256579 0 6390 2 0 0 0 WELLEBEE LLC 3031 HIGHLAND BLVD MOUND MN 55364 DRUPAL WEBSITE CONSULTING 134400 NCS PEARSON INC 5601 GREEN VALLEY DR BLOOMINGTON MN 55437 EXAM FEES 105576 2 EXAM FEES 611430 558654 558654 PUBLICATIONS 611430 433704 433704 TRAININGS 611430 407679 407679 MEMBERSHIP DUES 900099 367830 367830 SPECIAL EVENTS 900099 317168 317168 79187 79187 2164222 MISCELLANEOUS INCOME 900099 6157 6157 6157 2170379 2164222 0 6157 256249 651050 30547 70110 9017 19295 201307 26672 235157 192029 48453 101673 96732 13507 PUBLICATION EXPENSES 242619 SPECIAL EVENTS EXPENSE 178981 EXAM ADMINISTRATION FEE 157186 TRAINING PROGRAM EXPENS 127536 88541 2746661 987520 1177544 98914 89224 2503 13974 24705 25629 426034 265657 240079 160377 5963 67041 128347 0 1488031 1533789 134271 226774 1172246 1701624 1306517 1928398 X 181514 -394609 181514 -394609 1488031 1533789 -576282 159 0 X 0 1 X 1 0 0 0 0 0 0 1 0 22490 17576 4914 403544 248081 155463 160377 X 1991398 0 1991398 178981 178981 2170379 2567680 0 2567680 178981 178981 2746661 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 178,981. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 178,981. EUROPE (INCLUDING ICELAND & GREENLAND) 1 0 PROGRAM SERVICES PROMOTION OF SERVICES AND PRODUCTS 82047 NORTH AMERICA 0 0 PROGRAM SERVICES EVENTS/CONFERENCES 90053 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EVENTS/CONFERENCES 14773 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES TRAINING EVENTS 10178 1 0 0 0 1 0 197051 0 197051 0 0 0 0 0 0 PART I, LINE 3: EXPENDITURES ON SCHEDULE F ARE REPORTED ON AN ACCRUAL BASIS. JUSTIN MCCARTHY BOARD MEMBER 25000 TRAINING INSTRUCTION. 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 MEMBERS - ONLY INDIVIDUAL PERSONS MAY BECOME REGULAR MEMBERS OF PRMIA. REGULAR MEMBERS HAVE VOTING RIGHTS ON ALL MATTERS THAT COME BEFORE THE MEMBERS, BUT THEY DO NOT HAVE THE RIGHT TO ELECT THE OFFICERS OF THE BOARD OF DIRECTORS. REGIONAL DIRECTORS - THE BOARD OF DIRECTORS MAY APPOINT MEMBERS TO SERVE AS REGIONAL DIRECTORS FOR ANY OF PRMIA'S REGIONAL CHAPTERS. IN ADDITION TO THEIR VOTING RIGHTS AS REGULAR MEMBERS, REGIONAL DIRECTORS ALSO ELECT THE OFFICERS OF THE BOARD OF DIRECTORS. AFFILIATE MEMBERS - A CORPORATION, ASSOCIATION, EDUCATIONAL INSTITUTION OR GOVERNMENT AGENCY MAY APPLY TO BE AN AFFILIATE MEMBER. INDIVIDUALS NOT MEETING THE REQUIREMENTS OF A REGULAR MEMBER MAY ALSO APPLY FOR AFFILIATE MEMBERSHIP. AFFILIATE MEMBERS HAVE NO VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A THE SUSTAINING MEMBERS OF THE ASSOCIATION ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. 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 11 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 PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2013 FOR THE CHIEF OPERATING OFFICER, KEVIN CUFF AND 2015 FOR THE DIRECTOR OF OPERATIONS, KRISTIN LUCAS. 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 400 WASHINGTON STREET NORTHFIELD MN 55057 201425960 EDUCATION DE 501(C)(3) LINE 11A, I PROFESSIONAL RISK MANAGERS' INTERNATIONAL ASSOCIATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0