2017-11-06T11:56:27-06:00 2016-12-31 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2016-01-01 231352012 AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS % JEFFREY A SCHEIDT AMER 6106442100 720 PROVIDENCE ROAD MALVERN PA 193550716 JEFFREY A SCHEIDT TREASURER 6106442100 2017-11-02 true eric m mcneil P00460263 2673303000 155.201.188.33 23522320173105000001 2017-11-06 P 3D1FEA3C40376A89A7DB837C3BDAEAEF8F57CCCB 7C276736B1F8534619D83B6F2AADECD8007A5E58 2016 2021-01-29 14:40:06Z THE INSTITUTES PETER L MILLER 720 PROVIDENCE ROAD MALVERN PA 193550716 137381835 false X www.theinstitutes.org X 1942 PA EDUCATIONAL PRODUCTS AND SERVICES TO THE RISK MANAGEMENT AND INSURANCE INDUSTRY. 48 44 182 0 0 770691 619323 40942857 35515700 10064993 4854369 7633901 11123369 59412442 52112761 297722 296170 0 0 19358257 20443567 0 0 35835 24061752 27966404 43717731 48706141 15694711 3406620 220477040 228695917 10014191 11134542 210462849 217561375 X WE ARE THE KNOWLEDGE PARTNER THAT BEST EMPOWERS RISK MANAGEMENT AND INSURANCE PROFESSIONALS TO HELP THOSE IN NEED. false false 33850082 34767831 DEVELOPED, DELIVERED, AND PRODUCED EDUCATIONAL OFFERINGS INCLUDING COURSES, EXAMINATIONS, STUDY MATERIALS, WEBINARS, CONTINUING EDUCATION, EXECUTIVE EDUCATION, MANAGEMENT PROGRAMS AND OTHER KNOWLEDGE OFFERINGS RELATED TO RISK MANAGEMENT AND INSURANCE. 452051 296170 PROVIDED FINANCIAL AID, SCHOLARSHIPS, INFORMATION, EDUCATION INTERNSHIPS, AND OTHER OPPORTUNITIES TO COLLEGE STUDENTS SEEKING CAREERS IN THE INSURANCE PROFESSION. 538307 993585 PUBLISHED FIVE MAJOR RESEARCH REPORTS ON KEY INDUSTRY ISSUES. 9892288 10828030 MANAGEMENT SERVICE FEE 9892288 0 10828030 44732728 true true false false false false false false false false true false false false true false false true false false false false false false false false false true true true false false false false false false false true false false false false true true true true false false true 153 0 true 182 true false false false false false false false false false false X 48 44 false false false false false false false true true false false false true true true true true true true false PA X X JEFFREY A SCHEIDT 6106442100 720 PROVIDENCE ROAD MALVERN PA 193550716 PETER L MILLER PRESIDENT/CEO 45.0 4.0 X X 1034048 0 417368 ANTHONY J KUCZINSKI CHAIRMAN 2.0 0.0 X 0 0 0 JEFFREY T BOWMAN VICE CHAIRMAN 2.0 0.0 X 0 0 0 JANICE M ABRAHAM BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 THOMAS B AHART BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 KAJ AHLMANN BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 ERIC J ANDERSEN BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 W ROBERT BERKLEY JR BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 JOHN J BISHOP BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 J ERIC BROSIUS BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 ANTHONY P BURGER BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 DAN R CARMICHAEL BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 TERRENCE W CAVANAUGH BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 ALBERT R COUNSELMAN BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 FRANK J COYNE BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 J PATRICK GALLAGHER JR BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 DANIEL S GLASER BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 JANET S KATZ BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 BRUCE G KELLEY BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 DENISE I LYNCH BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 H ELIZABETH MITCHELL BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 FRANKLIN MONTROSS IV BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 THOMAS F MOTAMED BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 OLZA M NICELY BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 SANDRA G PARRILLO BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 JERRY S ROSENBLOOM BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 DOREEN SPADORCIA BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 GEORGE A STEADMAN III BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 KENNETH W STECHER BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 KIRT A WALKER BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 MIKE WEY BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 MARITA ZURAITIS BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 NORMAN A BAGLINI BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 JOSEPH J BROSSARD BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 JEFFREY DAILEY BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 ROBERT JAMES BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 ALAN W KRAPF BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 MARKHAM R MCKNIGHT BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 LAURIE B NORDQUIST BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 DAVID A NORTH BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 BRIAN P SAVKO BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 JOHN M HOWARD BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 EDWARD J LARGENT III BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 THOMAS P NERNEY BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 KEVIN J O'DONNELL BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 MARK C RUSSELL BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 CHRISTINE SEARS BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 JOHN P WELCH BOARD OF TRUSTEE 2.0 0.0 X 0 0 0 JEFFREY A SCHEIDT TREASURER 45.0 4.0 X 276590 0 49055 ELIZABETH A SPRINKEL SENIOR VICE PRESIDENT 45.0 4.0 X 334546 0 55602 ANITA BOURKE EXECUTIVE VICE PRESIDENT 45.0 0.0 X 534021 0 49263 KEVIN BROWN SENIOR VICE PRESIDENT 45.0 0.0 X 283934 0 46785 EVERETT RANDALL SENIOR VICE PRESIDENT 45.0 0.0 X 224023 0 44798 MARY ANN COOK SENIOR VICE PRESIDENT 45.0 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DIR. OF KNOW. RESOURCES 45.0 0.0 X 198243 0 41532 ARTHUR FLITNER SR. DIR. OF KNOW. RESOURCES 45.0 0.0 X 189184 0 40294 RONALD SPAIDE SENIOR VICE PRESIDENT 45.0 0.0 X 188956 0 18911 3490491 0 800832 42 false true false PROMETRIC 7941 CORPORATE DRIVE NOTTINGHAM MD 21236 EXAM DELIVERY SERVS. 2595470 SAPIENT GOVERNMENT SERVICES INC PO BOX 414715 BOSTON MA 02241 CONSULTING 2493920 XEROX CORPORATION PO 802555 CHICAGO IL 60680 PRINTING SERVICES 1343944 JACQUETTE CONSULTING INC 111 SUMMIT DRIVE EXTON PA 19341 IT CONSULTING 1189095 TEKSYSTEMS PO BOX 198568 ATLANTA GA 30384 IT CONSULTING 996521 25 619323 619323 EXAMINATIONS 611600 19290784 19290784 STUDY MATERIALS 611600 15601919 15601919 EXAM DELIVERY SERVICES 611600 622997 622997 35515700 3159238 3159238 0 0 49623 49623 0 49623 49623 86964205 85269074 1695131 1695131 1695131 0 0 0 0 0 0 0 0 0 OTHER REVENUE 900099 744946 744946 MANAGEMENT FEES 900099 10328800 10328800 11073746 52112761 46589446 4903992 35000 35000 261170 261170 0 0 3551423 3494601 53271 3551 0 11949020 11757836 179235 11949 1525723 1501311 22886 1526 2445279 2406155 36679 2445 972122 956568 14582 972 2027217 1994782 30408 2027 86123 84745 1292 86 159422 156872 2391 159 0 0 570094 560973 8551 570 0 1237255 1217459 18559 1237 139285 137057 2089 139 785901 773326 11789 786 0 1278218 1257767 19173 1278 642468 632189 9637 642 0 6548107 6443337 98222 6548 0 0 4867502 1576475 3291027 440616 433566 6609 441 EDUCATIONAL RELATED 7000276 7000276 OFFICE AND ADMINISTRATIVE 1479479 1455808 22192 1479 TESTING SERVICES 467306 467306 RESEARCH 128149 128149 108986 108986 48706141 44732728 3937578 35835 2399695 1445217 5145829 5445150 0 0 6022413 3004059 0 0 0 0 0 0 296122 274136 418704 788211 72449774 35224970 33165248 37224804 169930258 176749945 0 0 0 0 2702444 3345399 396327 418996 220477040 228695917 5436019 7048346 0 0 3763077 3182843 0 0 0 0 0 0 0 0 0 0 815095 903353 10014191 11134542 X 210462849 217561375 0 0 0 0 210462849 217561375 220477040 228695917 X 3406620 3787651 -95745 X false true X true false X 328603 1719764 971992 770691 619323 4410373 36314373 41350234 44278403 48449992 46589446 216982448 0 0 0 36642976 43069998 45250395 49220683 47208769 221392821 0 9805735 11389763 12400705 16561809 15439572 65597584 9805735 11389763 12400705 16561809 15439572 65597584 155795237 4033733 3968024 4433608 3833642 3208861 19477868 0 4033733 3968024 4433608 3833642 3208861 19477868 0 0 40676709 47038022 49684003 53054325 50417630 240870689 0.64680 0.66750 0.08086 0.09260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 558919 558919 17587229 10316589 7270640 791198 278323 512875 53512428 24630058 28882370 37224804 0 ACC. RETIREE HEALTH BENEFITS 903353 903353 58510261 3787651 12938649 16726300 41783961 10328800 10328800 52112761 47662182 47662182 1043959 1043959 48706141 FORM 990, SCHEDULE D, PART XI, LINE 2D REVENUES FROM AFFILIATES $12,938,649 FORM 990, SCHEDULE D, PART XI, LINE 4B MANAGEMENT SERVICE AGREEMENT $10,328,800 FORM 990, SCHEDULE D, PART XII, LINE 4B CONTRIBUTION TO AFFILIATE $1,043,959 true University of Texas at Dallas 800 W Campbell Rd Richardson TX 75080 751305566 501(C)(3) 10000 FMV Adjunct professor New Mexico State University PO Box 30001 Las Cruces NM 88003 856000401 501(C)(3) 10000 FMV Scholarship Fund Rio Salado College (Maricopa CC) 2323 West 14th St Tempe AZ 85281 860185552 501(C)(3) 15000 FMV Adjunct professor 3 0 Internships 69 131170 FMV N/A Scholarships 46 130000 FMV N/A FORM 990, SCHEDULE I, PART I, LINE 2 THE UNIVERSITY (GRANT RECIPIENT) PROVIDES A FOLLOW-UP REPORT AFTER FUNDS HAVE BEEN DISTRIBUTED. THE FOLLOW-UP REPORT IS IN THE FORM OF A SURVEY TO LET US KNOW HOW THEY WERE ABLE TO MEET THEIR GOALS, WERE THEY ABLE TO SECURE ADDITIONAL FUNDING, HOW MANY STUDENTS HAVE BEEN RECRUITED, ETC. THIS SURVEY IS COMPARED AGAINST THE APPLICATION TO ENSURE THAT FUNDS AREBEING SPENT AS PLANNED. X true true X X X X false true false false false false false true false PETER L MILLER PRESIDENT/CEO 650000 0 382500 0 1548 0 402400 0 14968 0 1451416 0 0 0 JEFFREY A SCHEIDT TREASURER 213042 0 62000 0 1548 0 34087 0 14968 0 325645 0 0 0 ELIZABETH A SPRINKEL SENIOR VICE PRESIDENT 259998 0 73000 0 1548 0 41600 0 14002 0 390148 0 0 0 ANITA BOURKE EXECUTIVE VICE PRESIDENT 386308 0 145000 0 2713 0 42400 0 6863 0 583284 0 0 0 KEVIN BROWN SENIOR VICE PRESIDENT 219450 0 63000 0 1484 0 31820 0 14965 0 330719 0 0 0 EVERETT RANDALL SENIOR VICE PRESIDENT 186457 0 35190 0 2376 0 29833 0 14965 0 268821 0 0 0 MARY ANN COOK SENIOR VICE PRESIDENT 189758 0 35640 0 1548 0 30361 0 6863 0 264170 0 0 0 SUSAN KEARNEY SR. DIR. OF KNOW. RESOURCES 166025 0 31390 0 828 0 26564 0 14968 0 239775 0 0 0 ARTHUR FLITNER SR. DIR. OF KNOW. RESOURCES 158308 0 28500 0 2376 0 25329 0 14965 0 229478 0 0 0 RONALD SPAIDE SENIOR VICE PRESIDENT 181666 0 6750 0 540 0 3943 0 14968 0 207867 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 1A TRAVEL FOR COMPANIONS IS ALLOWED TO BOARD MEETINGS TWICE A YEAR. FORM 990, SCHEDULE J, PART I, LINE 3 INSTITUTES' BOARD OF TRUSTEES UTILIZES THE FOLLOWING PROCESS: THE COMPENSATION ARRANGEMENT MUST BE APPROVED BY THE APPROVAL BODY OF THE INSTITUTES COMPOSED ENTIRELY OF INDIVIDUALS WHO DON'T HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. IT ALSO MUST RELY ON COMPARABILITY DATA THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION IN QUESTION. THE APPROVAL BODY MUST DOCUMENT HOW IT REACHED ITS DECISIONS INCLUDING THE DATA ON WHICH IT RELIED. FORM 990, SCHEDULE J, PART I, LINE 4B PETER MILLER: $367,400 ELIZABETH SPRINKEL: $6,600 ANITA BOURKE: $7,400 FORM 990, SCHEDULE J, PART I, LINE 7 THE ORGANIZATION ACCRUES PAY FOR PERFORMANCE EXPENSE AND THE AMOUNTS ARE DETERMINED BASED ON THE PERFORMANCE REVIEWS RELATED TO MEETING CERTAIN GOALS OF THE INSTITUTES (INCLUDING REVENUE). STATE FARM MUTUAL SEE PART V 4406976 EDUCATIONAL MATERIALS/EXAMS false LIBERTY MUTUAL SEE PART V 2720501 EDUCATIONAL MATERIALS/EXAMS false FARMERS GROUP SEE PART V 414068 EDUCATIONAL MATERIALS/EXAMS false FORM 990, SCHEDULE L, PART V FOR THE REPORTED BUSINESS TRANSACTIONS WITH INTERESTED PARTIES, IN EACH CASE, THE INTERESTED ENTITY IS A SUBSTANTIAL CONTRIBUTOR OF THE INSTITUTES. EACH OF THESE COMPANIES HAVE PURCHASED EDUCATIONAL MATERIALS AND EXAMINATIONS FROM AICPCU AT THE SAME PRICES AND DISCOUNTS AVAILABLE TO ALL OTHER PURCHASERS. THE COMPANIES LISTED ARE NOT PUBLICLY-TRADED BUT ARE MUTUAL INSURANCE COMPANIES. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF TRUSTEES FUNCTIONS BETWEEN MEETINGS THROUGH AN EXECUTIVE COMMITTEE WHICH HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD IN BETWEEN MEETINGS EXCEPT THAT THE EXECUTIVE COMMITTEE DOES NOT HAVE THE POWERS: TO 1) FILL VACANCIES IN THE BOARD OF TRUSTEES; 2) ADOPT, AMEND, OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS; OR 3) AMEND OR REPEAL ANY RESOLUTION ADOPTED BY THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A THIRD-PARTY ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT. THE FORM 990 WAS PROVIDED TO THE AUDIT AND ORGANIZATION AND COMPENSATION COMMITTEES OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTES' CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL TRUSTEES ON AN ANNUAL BASIS. TRUSTEES MUST COMPLETE AND RETURN THE DISCLOSURE FORM EACH YEAR. THE DISCLOSURE FORM IS REVIEWED BY THE CORPORATE SECRETARY FOR POTENTIAL CONFLICTS OF INTEREST. ADDITIONALLY, TRUSTEES ARE REMINDED OF THEIR DISCLOSURE OBLIGATIONS AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINES 15A AND 15B THE AMERICAN INSTITUTE FOR CPCU (AICPCU) AND COMPENSATION COMMITTEE (THE "COMMITTEE") APPROVES EXECUTIVE STAFF COMPENSATION, PERFORMANCE MEASURES USED IN COMPENSATION PLANS, AND THE APPROPRIATE LEVELS OF EXECUTIVE REMUNERATION. THE COMMITTEE REVIEWS AND ADOPTS INNOVATIONS IN ORGANIZATION AND COMPENSATION ARRANGEMENTS AND USES INDEPENDENT, PROFESSIONAL CONSULTANTS TO SUPPORT ITS DECISIONS. COMMITTEE MEMBERS ARE NOT COMPENSATED, NOR DO THEY HAVE CONFLICTS WITH ANY TRANSACTIONS REVIEWED. ALL MEMBERS ARE SENIOR-LEVEL BUSINESS LEADERS CAPABLE OF REVIEWING AND EVALUATING COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION B, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9 POST-RETIREMENT HEALTHCARE PLAN (95,745) FORM 990, HEADING BOX C FICTITIOUS NAME REGISTRATIONS: THE INSTITUTES, AMERICAN INSTITUTE FOR CPCU, AICPCU, INSURANCE INSTITUTE OF AMERICA, IIA, INSURANCE INSTITUTE OF AMERICA, INC., AMERICAN INSTITUTE FOR PROPERTY & LIABILITY UNDERWRITERS, INC., CEU.COM, CPCU - LOMAN EDUCATION FOUNDATION, LOMAN FOUNDATION, CPCU HARRY J. LOMAN EDUCATION FOUNDATION, INSURANCE RESEARCH COUNCIL, AND IRC. SUGARTOWN HOLDINGS LLC 720 PROVIDENCE ROAD MALVERN PA 19355 201997621 HOLDING CO. PA 0 246092 AICPCU SOCIETY OF CHARTERED PROPERTY & CASUALTY 720 PROVIDENCE ROAD MALVERN PA 19355 231552247 MEMBER ASSOC. PA 501(C)(6) N/A AICPCU true GRIFFITH INSURANCE EDUCATION FOUNDATION 720 PROVIDENCE ROAD MALVERN PA 19355 316052801 EDUCATIONAL PA 501(C)(3) 10 AICPCU true POLESTAR INC (SEE SCH R PART VII) 1620 CENTRAL AVE SUITE 202 CHEYENNE WY 82001 264001958 INSURANCE CA AICPCU C CORP 0 0 0.00000 true false false false false false false false false false false false false false false false false false false true Society of CPCU S 9278800 FMV Griffith Insurance Education Foundation S 1050000 FMV FORM 990, SCHEDULE R, PART IV, LINE 1 POLESTAR, INC. WAS ACQUIRED BY AICPCU IN NOVEMBER 2016 AND MERGED INTO OPERATIONS ON DECEMBER 2, 2016. AS A RESULT, POLESTAR NO LONGER EXISTS AS A SEPARATE ENTITY.