2025-10-24T11:24:21-05:00 2024-12-31 521392008 GELMAN ROSENBERG AND FREEDMAN PC 4550 MONTGOMERY AVENUE SUITE 800N BETHESDA MD 20814 990 2024-01-01 131952497 THE COUNCIL OF INSURANCE AGENTS AND BROKERS COUN 2027834400 701 PENNSYLVANIA AVENUE NW 750 WASHINGTON DC 20004 JOEL R WOOD PRESIDENT/CEO 2027834400 2025-10-24 1 0 ELIZABETH W HELLER P00397829 3019519090 2024 2025-03-06 01:10:19Z JOEL R WOOD 701 PENNSYLVANIA AVENUE NW 750 WASHINGTON DC 20004 40935356 0 X WWW.CIAB.COM X 1913 DC SEE PART III, LINE I 35 35 70 37 0 0 0 0 24067174 25834375 876431 1027115 2342236 2522622 27285841 29384112 197801 115500 0 0 10653711 11925711 0 0 0 12589301 14256399 23440813 26297610 3845028 3086502 55204420 54917385 28790930 23932629 26413490 30984756 X THE COUNCIL WAS ESTABLISHED TO PROMOTE THE INTERESTS OF ITS MEMBERS, WHO COMPRISE LEADING INSURANCE AGENCIES AND BROKERAGE FIRMS. 0 0 THE COUNCIL IS THE PREMIER ASSOCIATION FOR THE TOP REGIONAL, NATIONAL AND INTERNATIONAL COMMERCIAL INSURANCE AND EMPLOYEE BENEFITS INTERMEDIARIES WORLDWIDE. THE COUNCIL FOSTERS RELATIONSHIPS INDUSTRY-WIDE BY ENGAGING LAWMAKERS, REGULATORS, AND STAKEHOLDERS AROUND THE WORLD TO PROMOTE THE INTERESTS OF ITS MEMBERS AND THE VALUABLE ROLE THEY PLAY IN THE MITIGATION OF RISK FOR THEIR CLIENTS BY PROVIDING UNIQUE FORUMS FOR NETWORKING OPPORTUNITIES AND LEADERSHIP DEVELOPMENT, OFFERING BUSINESS INTELLIGENCE AND SERVICES. OUR FIVE LARGEST PROGRAMS/MEETINGS ARE THE INSURANCE LEADERSHIP FORUM, THE EMPLOYEE BENEFITS LEADERSHIP FORUM, THE COUNCIL ACADEMY, LEGISLATIVE SUMMIT AND THE OPERATIONS & WORKING GROUP FORUM. THESE ANNUAL PROGRAMS FOSTER THE CONTINUATION OF THE COUNCIL AND ITS MEMBERS STRONG RELATIONSHIPS WITH EACH OTHER, INSURANCE CARRIERS, AND MEMBERS OF CONGRESS; AND LAYS A SOLID FOUNDATION FOR FUTURE RELATIONSHIPS. THE COUNCIL EXTENDS ITS REACH TO BOTH SIDES OF THE AISLE WHILE EDUCATING RULE MAKERS ON THE CRITICAL ROLE OF THE BROKER AND AGENCY FOR BOTH PROPERTY/CASUALTY AND HEALTH CARE INSURANCE PROGRAMS. 0 0 0 1 0 0 0 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 135 0 1 70 1 0 0 0 0 0 0 1 0 X 35 35 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOEL R WOOD 2027834400 701 PENNSYLVANIA AVENUE NW 750 WASHINGTON DC 20004 KEITH SCHULER CHAIR 0.30 0.00 X X 0 0 0 ANDREW BARRENGOS VICE CHAIR 0.30 0.00 X X 0 0 0 JOHN HOWARD TREASURER 0.30 0.10 X X 0 0 0 ERIC LEAVITT SECRETARY 0.30 0.00 X X 0 0 0 TOM HUGHSTON DIRECTOR 0.30 0.10 X 0 0 0 JEFF RODRIGUEZ DIRECTOR 0.30 0.10 X 0 0 0 ROBERT CAWLEY DIRECTOR 0.30 0.10 X 0 0 0 BUMPY TRICHE DIRECTOR 0.30 0.10 X 0 0 0 DOUGLAS HAMMOND DIRECTOR 0.30 0.10 X 0 0 0 SCOTT PURVIANCE DIRECTOR 0.30 0.10 X 0 0 0 MICHAEL VICTORSON DIRECTOR 0.30 0.10 X 0 0 0 KATE ARMFIELD DIRECTOR 0.30 0.00 X 0 0 0 CYNTHIA BEVERIDGE DIRECTOR 0.30 0.00 X 0 0 0 CHRIS BOONE DIRECTOR 0.30 0.00 X 0 0 0 MICHAEL CHRISTIAN DIRECTOR 0.30 0.00 X 0 0 0 JOH ELTHAM DIRECTOR 0.30 0.00 X 0 0 0 PETER GRUENBEG DIRECTOR 0.30 0.00 X 0 0 0 PETER KRAUSE DIRECTOR 0.30 0.00 X 0 0 0 HIRAM MARRERO DIRECTOR 0.30 0.00 X 0 0 0 KERRY MORRIS DIRECTOR 0.30 0.00 X 0 0 0 JACQUES VERLINGUE DIRECTOR 0.30 0.00 X 0 0 0 JIM BAILEY DIRECTOR 0.30 0.00 X 0 0 0 KATE BANG DIRECTOR 0.30 0.00 X 0 0 0 JIM HENDERSON DIRECTOR 0.30 0.00 X 0 0 0 MATTHEW KIRK DIRECTOR 0.30 0.00 X 0 0 0 JAMES PARKER DIRECTOR 0.30 0.00 X 0 0 0 WILLIAM PRIDGEON DIRECTOR 0.30 0.00 X 0 0 0 JACQUE ROTH DIRECTOR 0.30 0.00 X 0 0 0 BRENDA AUSTENFELD DIRECTOR 0.30 0.00 X 0 0 0 WALTER FAWCETT DIRECTOR 0.30 0.00 X 0 0 0 POWELL BROWN DIRECTOR 0.30 0.00 X 0 0 0 MICHAEL CHANG DIRECTOR 0.30 0.00 X 0 0 0 JOCHEN KOERNER DIRECTOR 0.30 0.00 X 0 0 0 RUSTY REID DIRECTOR 0.30 0.00 X 0 0 0 JOHN TALLARIDA DIRECTOR 0.30 0.10 X 0 0 0 KEN A CRERAR EXECUTIVE CHAIRMAN 37.50 0.00 X 5567815 0 53712 JOEL R WOOD PRESIDENT / CEO 36.38 1.12 X 1028646 0 78473 CATHERINE RICHARDSON CHIEF OPERATING OFFICER 36.00 1.50 X 726196 0 69798 BENITA HARRISON-WICKLINE CHIEF FINANCIAL OFFICER 35.63 1.87 X 460437 0 72135 JOEL T KOPPERUD SVP, GOVERNMENT AFFIARS 37.50 0.00 X 480113 0 62394 ELIZABETH MCDAID FOUNDATION, EVP 26.25 11.25 X 379734 0 69089 SUSAN RUSHFORD SVP, MKTG & COMMUNICATIONS 35.63 1.87 X 373003 0 68801 JULIA RUIZ SVP, LEADERSHIP & MGMT RESOURCES 34.50 3.00 X 257012 0 55961 PAULA STALEY SVP, MEETINGS 36.38 1.12 X 218890 0 59497 BLAIRE BARTLETT VP, GOVERNMENT & POLITICAL AFFAIRS 37.50 0.00 X 289108 0 44265 BETH MCMAHON VP, PEOPLE & CULTURE 37.50 0.00 X 273383 0 48114 LINDSAY DAMES VP, EXTERNAL AFFAIRS & SPONSORSHIP 37.50 0.00 X 270012 0 33109 KEN HALTENHOF SVP, MEMBERSHIP 37.50 0.00 X 208258 0 58046 NICOLE VASILE VP, MKTG & COMMUNICATIONS 35.63 1.87 X 187070 0 28588 10719677 0 801982 33 0 1 0 STEPTOE AND JOHNSON LLP 1330 CONNECTICUT AVE NW WASHINGTON DC 20036 LEGAL COUNSEL 2202508 THE BROADMOOR HOTEL 1 LAKE AVE COLORADO SPRINGS CO 80906 EVENT FACILITY 1446213 MMA EVENTS LLC 1851 SOUTH CLUB DRIVE HYATTSVILLE MD 20785 EVENTS COORDINATION AND MANAGEMENT 1044640 LIVE EVENTS MANAGEMENT LLC 299 WILSON ROAD NEW CASTLE PA 16101 EVENTS COORDINATION AND MANAGEMENT 519890 WASHINGTON SPEAKERS BUREAU 1275 NEW JERSEY AVE SE WASHINGTON DC 20003 EVENTS SPEAKERS 345966 15 PARTNERS IN EXCELLENCE 900099 10132500 10132500 MEMBERSHIP DUES 900099 9846270 9846270 CONFERENCES & MEETINGS 900099 5012930 5012930 EDUCATIONAL PROGRAMS 900099 842675 842675 25834375 754459 754459 2505000 2505000 11823900 11551244 272656 272656 272656 OTHER REVENUE 900099 17622 17622 17622 29384112 25834375 0 3549737 115500 6314834 3913062 564003 635743 498069 1899150 79300 106193 163014 79775 603416 1685311 452381 4988915 293482 91463 LEADERS EDGE SUBS 1742706 PROGRAM EXPENSES 902233 PUBLICATIONS AND COMMUN 224402 CREDIT CARDS 207941 736717 26297610 1168049 50200 2141831 2731012 610805 53766 258647 181667 764492 497802 4256708 3034758 1439666 1221950 20215358 22397528 3069982 7391159 25535590 20392301 55204420 54917385 3732633 2873074 2745326 2824992 22312971 18234563 28790930 23932629 X 26413490 30984756 26413490 30984756 55204420 54917385 3086502 1484764 0 X 0 1 X 1 0 0 0 1 9846270 631993 -1103573 -471580 689239 -1160819 2558367 1637267 921100 1698341 1397491 300850 1221950 PAR HOLDINGS, LTD. COMMON STOCK 170000 C ALTERNATIVE INVESTMENTS 7221159 F 7391159 DUE FROM PRODUCTIVITY PLUS, INC. (PPI) 6542595 DEFERRED COMPENSATION 1126477 RIGHT-OF-USE ASSET 12601475 DEPOSITS 121754 20392301 DEFERRED COMPENSATION 1258945 DUE TO COUNCIL FOUNDATION 103487 LEASE LIABILITY 16872131 18234563 30762683 1484764 1484764 29277919 106193 106193 29384112 26191417 0 26191417 106193 106193 26297610 1 FOUNDATION TO ERADICATE DUCHENNE PO BOX 2371 ALEXANDRIA VA 22301 710874241 501(C)(3) 50000 0 EPICUREAN SPONSORSHIP AMERICAN FRIENDS OF THE HEBREW UNIVERSITY INC 199 WATER STREET 11TH FLOOR NEW YORK NY 10038 131568923 501(C)(3) 15000 0 CHARITABLE CONTRIBUTION HUMAN RIGHTS CAMPAIGN FOUNDATION 1640 RHODE ISLAND AVENUE NW WASHINGTON DC 20036 521481896 501(C)(3) 15000 0 CHEFS FOR EQUALITY BROADFUTURES INC 2000 PENNSYLVANIA AVE SUITE 7000 WASHINGTON DC 20006 463344842 501(C)(3) 10000 0 SUSTAINING SPONSOR 4 0 PART I, LINE 2: CIAB DOES NOT HAVE PROCEDURES IN PLACE FOR MONITORING THE USE OF CONTRIBUTIONS ONCE THOSE ARE GIVEN TO AN ORGANIZATION. X X 1 1 X X X X X 0 1 0 KEN A CRERAR EXECUTIVE CHAIRMAN 1200941 0 600000 0 3766874 0 46000 0 7712 0 5621527 0 3766874 0 JOEL R WOOD PRESIDENT / CEO 939396 0 69760 0 19490 0 46000 0 32473 0 1107119 0 0 0 CATHERINE RICHARDSON CHIEF OPERATING OFFICER 686196 0 40000 0 0 0 48836 0 20962 0 795994 0 0 0 JOEL T KOPPERUD SVP, GOVERNMENT AFFIARS 408048 0 20000 0 52065 0 48300 0 14094 0 542507 0 0 0 BENITA HARRISON-WICKLINE CHIEF FINANCIAL OFFICER 392146 0 36000 0 32291 0 48836 0 23299 0 532572 0 0 0 ELIZABETH MCDAID FOUNDATION, EVP 362121 0 17613 0 0 0 46000 0 23089 0 448823 0 0 0 SUSAN RUSHFORD SVP, MKTG & COMMUNICATIONS 356753 0 16250 0 0 0 46000 0 22801 0 441804 0 0 0 BLAIRE BARTLETT VP, GOVERNMENT & POLITICAL AFFAIRS 239108 0 50000 0 0 0 33962 0 10303 0 333373 0 0 0 BETH MCMAHON VP, PEOPLE & CULTURE 249383 0 24000 0 0 0 34977 0 13137 0 321497 0 0 0 JULIA RUIZ SVP, LEADERSHIP & MGMT RESOURCES 239512 0 17500 0 0 0 33985 0 21976 0 312973 0 0 0 LINDSAY DAMES VP, EXTERNAL AFFAIRS & SPONSORSHIP 174190 0 95822 0 0 0 24765 0 8344 0 303121 0 0 0 PAULA STALEY SVP, MEETINGS 202890 0 16000 0 0 0 29137 0 30360 0 278387 0 0 0 KEN HALTENHOF SVP, MEMBERSHIP 200758 0 7500 0 0 0 29150 0 28896 0 266304 0 0 0 NICOLE VASILE VP, MKTG & COMMUNICATIONS 175070 0 12000 0 0 0 24762 0 3826 0 215658 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDES FOR BUSINESS TRAVEL (IF APPLICABLE) FOR THE CEO'S SPOUSE. THIS BENEFIT IS NON-TAXABLE. PART I, LINE 4B EFFECTIVE JANUARY 1, 2013, THE COUNCIL ESTABLISHED A DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. KEN A. CRERAR, 457(F). HE RECEIVED $3,646,451 DURING CALENDAR YEAR 2024. KEN A CRERAR CEO OF THE COUNCIL GENERAL X 250000 41667 0 1 1 JOEL KOPPERUD SVP, GOVERNMENT AFFAIRS GENERAL X 200000 140000 0 1 1 181667 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO TYPES OF MEMBERS; ACTIVE MEMBER FIRMS AND INDIVIDUAL ASSOCIATE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE OFFICERS AND BOARD OF DIRECTORS ARE ELECTED ANNUALLY BY THE MEMBERSHIP OF THE ORGANIZATION. ONE DIRECTOR OF THE ASSOCIATION IS ELECTED BY THE INDIVIDUAL ASSOCIATE MEMBERS. ALL OTHER ELECTED DIRECTORS OF THE ASSOCIATION ARE ELECTED BY THE MEMBER FIRMS. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION'S BY-LAWS MAY BE AMENDED, REPEALED, OR ALTERED, IN WHOLE OR IN PART, BY A MAJORITY VOTE AT ANY DULY CALLED MEETING OF THE MEMBER FIRMS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE PRESIDENT AND CHIEF FINANCIAL OFFICER AND PRESENTED TO THE OPERATIONAL OVERSIGHT COMMITTEE BEFORE FILING. THE OPERATIONAL OVERSIGHT COMMITTEE IS COMPRISED OF BOARD OF DIRECTORS' MEMBERS AND REPORTS TO THE FULL BOARD REGARDING FORM 990 MATTERS. FORM 990, PART VI, SECTION B, LINE 12C THE COUNCIL REQUIRES DIRECTORS AND EMPLOYEES TO DISCLOSE ANNUALLY ANY INTEREST THAT COULD GIVE RISE TO A CONFLICT OF INTEREST AND THESE COMPLETED DOCUMENTS ARE REVIEWED AND RETAINED BY THE ORGANIZATION. ANY MEMBER OF THE BOARD OF DIRECTORS WHO MAY BE INVOLVED IN AN ORGANIZATION BUSINESS TRANSACTION IN WHICH THERE IS A POSSIBLE CONFLICT OF INTEREST PROMPTLY NOTIFIES THE CHAIRMAN. THE DIRECTOR REFRAINS FROM VOTING ON ANY SUCH TRANSACTION, PARTICIPATING IN DELIBERATIONS CONCERNING IT, OR USING PERSONAL INFLUENCE IN ANY WAY IN THE MATTER. THE DIRECTOR'S PRESENCE MAY NOT BE COUNTED IN DETERMINING THE QUORUM FOR ANY VOTE WITH RESPECT TO AN ORGANIZATION BUSINESS TRANSACTION IN WHICH HE OR SHE HAS A POSSIBLE CONFLICT OF INTEREST. FURTHERMORE, THE DIRECTOR, THE BOARD CHAIRMAN OR THE BOARD VICE CHAIRMAN IN THE CHAIRMAN'S ABSENCE, DISCLOSES A POTENTIAL CONFLICT OF INTEREST TO THE OTHER MEMBERS OF THE BOARD BEFORE ANY VOTE ON AN ORGANIZATION BUSINESS TRANSACTION AND SUCH DISCLOSURES ARE RECORDED IN THE BOARD MINUTES OF THE MEETING AT WHICH IT IS MADE. ANY ORGANIZATION BUSINESS TRANSACTION, WHICH INVOLVES A POTENTIAL CONFLICT OF INTEREST WITH A MEMBER OF THE BOARD OF DIRECTORS, HAS TERMS WHICH ARE AT LEAST AS FAIR AND REASONABLE TO THE ORGANIZATION AS THOSE WHICH WOULD OTHERWISE BE AVAILABLE TO THE ORGANIZATION IF IT WERE DEALING WITH AN UNRELATED PARTY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS AND APPROVES COMPENSATION BASED ON CURRENT ENVIRONMENT, COMPETITIVE MARKET, AND THE REPORTS OF COMPENSATION SURVEYS, STUDIES AND OTHER MARKET DATA. THE SVP OF PEOPLE CULTURE DOCUMENTS THE DISCUSSIONS AND DECISIONS THAT HAVE TAKEN PLACE IN THE BOARD COMPENSATION COMMITTEE. DIRECTIVES BASED ON THE DECISIONS MADE ARE SENT TO THE CFO WHO ENSURES THOSE DIRECTIVES ARE CARRIED OUT. THE LAST COMPENSATION REVIEW WAS DONE IN OCTOBER 2024. FORM 990, PART VI, SECTION C, LINE 19 THE COUNCIL MAKES ITS ANNUAL REPORTS, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AND ITS MEMBERS, UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE COUNCIL FOUNDATION 701 PENNSYLVANIA AVE NW WASHINGTON DC 20004 521811691 PROMOTE LEADERSHIP IN INSURANCE AGENT/BROKER PROFESSION DC 501(C)(3) LINE 12A, I N/A 1 COUNCIL OF INSURANCE AGENTS & BROKERS PAC 701 PENNSYLVANIA AVE NW WASHINGTON DC 20004 043691837 SUPPORT HOUSE/SENATE CANDIDATES WHO SUPPORT CONCERNS OF AGENT/BROKERS DC 527 N/A 1 PRODUCTIVITY PLUS INC 701 PENNSYLVANIA AVE NW WASHINGTON DC 20004 521811694 INSURANCE PREMIUM FINANCING, LEADERS EDGE MAGAINE AND OTHER ACTIVITIES DC THE COUNCIL OF INSURANCE AGENTS & BROKERS C 3967816 2395648 1.00000 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THE COUNCIL FOUNDATION E 103487 FMV THE COUNCIL FOUNDATION O 314076 FMV PPI D 6542595 FMV