2016-06-02T12:06:00-05:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2015-01-01 362138427 MILLION DOLLAR ROUND TABLE MILL 8476926378 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 STEPHEN P STAHR CEO 8476926378 2016-06-01 1 GREGORY S ADAMS P00095597 6305738600 2015 2016-09-27 15:27:22Z STEPHEN P STAHR 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 46691098 0 X WWW.MDRT.ORG X 1969 IL THE MISSION OF THE MILLION DOLLAR ROUND TABLE IS TO BE A VALUED MEMBER-DRIVEN GLOBAL NETWORK OF LEADING INSURANCE AND INVESTMENT FINANCIAL SERVICE PROFESSIONALS WHO SERVE THEIR CLIENTS BY EXEMPLARY PERFORMANCE AND THE HIGHEST STANDARD OF ETHICS, KNOWLEDGE, SERVICE, AND PRODUCTIVITY. 5 0 90 1361 0 0 0 0 35218807 32645355 2814128 1660841 203092 666052 38236027 34972248 1280059 330648 0 0 9144081 9772322 0 0 0 20180548 17682663 30604688 27785633 7631339 7186615 57217305 67064299 10428627 13894875 46788678 53169424 X THE MISSION OF THE MILLION DOLLAR ROUND TABLE IS TO BE A VALUED MEMBER-DRIVEN GLOBAL NETWORK OF LEADING INSURANCE AND INVESTMENT FINANCIAL SERVICE PROFESSIONALS WHO SERVE THEIR CLIENTS BY EXEMPLARY PERFORMANCE AND THE HIGHEST STANDARD OF ETHICS, KNOWLEDGE, SERVICE, AND PRODUCTIVITY. 0 0 MILLION DOLLAR ROUND TABLE ANNUAL MEETING - MEMBERS ATTEND A FOUR DAY MEETING OF EDUCATIONAL AND MOTIVATIONAL PROGRAMMING TO BENEFIT THE CAREERS OF INSURANCE AND FINANCIAL SERVICE PROFESSIONALS. MILLION DOLLAR ROUND TABLE - MDRT EXPERIENCE MEETING - MEMBERS AND NON-MEMBERS ATTENDED A THREE DAY MEETING OF EDUCATIONAL AND MOTIVATIONAL PROGRAMMING TO BENEFIT THE CAREERS OF INSURANCE AND FINANCIAL SERVICE PROFESSIONALS. MILLION DOLLAR ROUND TABLE TOP OF THE TABLE MEETING - MEMBERS ATTEND A THREE DAY MEETING OF EDUCATIONAL AND MOTIVATIONAL PROGRAMMING TO BENEFIT THE CAREERS OF INSURANCE AND FINANCIAL SERVICE PROFESSIONALS. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 44 0 90 1 0 0 0 0 0 0 X 5 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X LAURA MCGRADY 8476926378 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 CAROLINE A BANKS PAST PRESIDENT 5.00 0.00 X X 48860 0 0 MICHELLE L HOESLY PAST PRESIDENT 5.00 0.00 X X 52756 0 0 BRIAN HECKERT PRESIDENT 10.00 0.00 X X 87073 0 0 JAMES PITTMAN VICE PRESIDENT 5.00 0.00 X X 81741 0 0 MARK HANNA VICE PRESIDENT 5.00 0.00 X X 108521 0 0 ROSS VANDERWOLF SECRETARY 5.00 0.00 X X 67071 0 0 STEPHEN P STAHR CEO 50.00 0.00 X 436494 0 212600 LAURA MCGRADY DIRECTOR OF FINANCE 40.00 10.00 X 128352 0 24003 RAYMOND J KOPCINSKI SENIOR DIRECTOR 50.00 0.00 X 301043 0 40408 PAMELA K BROWN DIRECTOR OF STRATEGIC ENGAGEMENT 50.00 0.00 X 187507 0 19942 JAMES UNANDER DIRECTOR OF INFORMATION TECHNOLOGY 50.00 0.00 X 176181 0 25924 LAURA GOOD DIRECTOR OF HR/ADMIN SERVICES 40.00 10.00 X 162379 0 16571 JEANNE MALONE DIRECTOR MEETING SERVICES 50.00 0.00 X 146408 0 25552 JOHN PRAST FORMER CEO 0.00 0.00 X 141680 0 0 2126066 0 365000 15 1 1 0 WILLIAMS GERARD PRODUCTIONS INC 420 NORTH WABASH CHICAGO IL 60611 MEETING PRODUCTION 1615775 MCI LLC 20 BENDEMEER ROAD SINGAPORE SN MEMBER SERVICES 1240754 FREEMAN PO BOX 650036 DALLAS TX 75265 MEETING SET-UP & DECO 1154422 MARRIOT PO BOX 403003 ATLANTA GA 30384 HOTEL & MEETING SPACE 674541 APTIFY 7900 WEST PARK DRIVE TYSONS CORNER VA 22102 INFORMATION SYSTEM DESIGN 570612 30 MEMBERSHIP INCOME 611430 25062299 25062299 MEETINGS INCOME 611430 7583056 7583056 32645355 1249657 1249657 11555656 11144472 411184 411184 411184 1086622 574378 512244 512244 MANAGEMENT FEES 561000 100000 100000 OTHER REVENUE 900099 53808 53808 153808 34972248 32645355 0 2326893 330648 1436568 5610937 628491 1605081 491245 64393 35005 327774 518897 579393 1231140 1424503 1132400 787519 10125199 260827 136045 PUBLICATION 529562 ALL OTHER EXPENSES 392943 STRATEGIC PLANNING EXPE 137063 27785633 11515703 8502865 0 8012369 154683 70767 820695 2167307 7085576 5877135 1468678 1208441 26965185 29333820 13394962 14740987 2897399 3027743 57217305 67064299 1375948 1095171 500000 250000 712377 5292606 7840302 7257098 10428627 13894875 X 46788678 53169424 46788678 53169424 57217305 67064299 X 7186615 -1481438 675569 X X 0 1 X 1 0 0 0 0 0 0 1 0 265000 265000 4479581 3566362 913219 2340995 2310773 30222 1208441 HEDGE FUND 1390149 F GOVERNMENT AND AGENCY BONDS 9693172 F CORPORATE BONDS 3657666 F 14740987 PENSION LIABILITY 6040978 DEFERRED COMPENSATION 1216120 7257098 X 34412983 -1481438 1249947 -231491 34644474 327774 327774 34972248 28032237 574378 574378 27457859 327774 327774 27785633 PART X, LINE 2: MDRT IS A TAX-EXEMPT ORGANIZATION AS DEFINED BY SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. MDRT FOLLOWS THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. MDRT HAS DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2015 AND 2014. MDRT FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND ONE STATE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PENSION OBLIGATION 675,569. COST OF GOODS SOLD 574,378. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 574,378. CHINA 1 1 PROGRAM SERVICES SEMINARS, NEWSLETTERS, MEMBERSHIP SUPPORT 1757 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 1 PROGRAM SERVICES SEMINARS, NEWSLETTERS, MEMBERSHIP SUPPORT 204510 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 1 PROGRAM SERVICES SEMINARS, NEWSLETTERS, MEMBERSHIP SUPPORT 1376379 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 1278361 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 111786 3 3 0 0 3 3 2972793 0 2972793 1 0 1 0 0 0 PART I, LINE 3: THE ORGANIZATION USES ACCRUAL METHOD TO ACCOUNT FOR EXPENDITURES OUTSIDE OF THE UNITED STATES. 1 MDRT FOUNDATION 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 366080766 501(C)(3) 302500 0 N/A N/A GRANTS TO OTHER CHARITABLE ORGANIZATIONS NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS 2901 TELESTAR COURT FALLS CHURCH VA 22042 530232489 501(C)(6) 15000 0 N/A N/A SPONSORSHIP 1 1 PART I, LINE 2: THE ORGANIZATION REQUIRES POTENTIAL GRANTEES TO PROVIDE FINANCIAL STATEMENTS AND BUDGETS. UPON RECEIVING A GRANT, ORGANIZATIONS ARE REQUESTED TO PROVIDE A REPORT AS TO HOW GRANT FUNDS WERE USED RELATIVE TO THE PROJECT FOR WHICH FUNDING WAS AWARDED. X X X X 1 1 X X X 0 1 0 STEPHEN P STAHR CEO 436494 0 0 0 0 0 191640 0 20960 0 649094 0 0 0 LAURA MCGRADY DIRECTOR OF FINANCE 128352 0 0 0 0 0 3823 0 20180 0 152355 0 0 0 RAYMOND J KOPCINSKI SENIOR DIRECTOR 301043 0 0 0 0 0 17967 0 22441 0 341451 0 0 0 PAMELA K BROWN DIRECTOR OF STRATEGIC ENGAGEMENT 187507 0 0 0 0 0 9794 0 10148 0 207449 0 0 0 JAMES UNANDER DIRECTOR OF INFORMATION TECHNOLOGY 176181 0 0 0 0 0 5257 0 20667 0 202105 0 0 0 LAURA GOOD DIRECTOR OF HR/ADMIN SERVICES 162379 0 0 0 0 0 2224 0 14347 0 178950 0 0 0 JEANNE MALONE DIRECTOR MEETING SERVICES 146408 0 0 0 0 0 5240 0 20312 0 171960 0 0 0 JOHN PRAST FORMER CEO 0 0 0 0 141680 0 0 0 0 0 141680 0 141680 0 PART I, LINE 1A EXECUTIVE COMMITTEE MEMBERS AND THE CEO CAN CHOOSE TO TRAVEL FIRST CLASS ON FLIGHTS WITH DURATIONS OF THREE HOURS OR LONGER (NONTAXABLE BENEFIT). SPOUSES CAN ACCOMPANY THE EXECUTIVE COMMITTEE MEMBERS ON THEIR TRAVELS. EACH EXECUTIVE COMMITTEE MEMBER RECEIVES A GROSS UP PAYMENT RELATED TO THEIR SPOUSAL TRAVEL AND ADMINISTRATIVE EXPENSES, WHICH IS TAXABLE TO THE INDIVIDUAL. EACH MEMBER OF THE EXECUTIVE COMMITTEE IS REIMBURSED FOR EXPENSES INCURRED RELATING TO ORGANIZATION MATTERS (NONTAXABLE TO THE INDIVIDUAL). EXECUTIVE COMMITTEE MEMBERS ARE ALSO REIMBURSED BY THE ORGANIZATION FOR THEIR STAFF PERSONEL PERFORMING ORGANIZATION WORK. NO MEMBER OF THE ORGANIZATION OR OF THE EXECUTIVE COMMITTEE, OR OF ANY OTHER COMMITTEE, RECEIVES COMPENSATION FOR SERVICES RENDERED. THE AMOUNTS BUDGETED FOR THE MATTERS ABOVE ARE INCLUDED IN THE ORGANIZATION'S BUDGET. THE BUDGET IS APPROVED BY THE FINANCE COMMITTEE ON AN ANNUAL BASIS. PART I, LINE 4B THE FOLLOWING PERSONS RECEIVE BENEFITS FROM OR OTHERWISE PARTICIPATE IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS: JOHN PRAST - PAYMENT OF $141,680 (FULLY VESTED) STEPHEN STAHR - EARNED $181,091 (DOES NOT VEST UNTIL RETIREMENT DATE IS REACHED) FORM 990, PART VI, SECTION A, LINE 1 THE ORGANIZATION IS GOVERNED AND MANAGED BY AN EXECUTIVE COMMITTEE DULY ELECTED BY THE MEMBERSHIP. THE COMMITTEE HAS FIVE VOTING OFFICERS AND INCLUDES THE CHIEF EXECUTIVE OFFICER AS AN EX-OFFICIO, NON-VOTING MEMBER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERSHIP PAYS DUES ON AN ANNUAL BASIS THAT CORRESPONDS WITH THE CALENDAR YEAR. THE ORGANIZATION HAS THREE CLASSES OF MEMBERSHIP: 1) QUALIFYING, 2) QUALIFYING AND LIFE, AND 3) LIFE. EACH CLASS OF MEMBERSHIP SHALL BE A PRIVILEGE WHICH MAY BE GRANTED OR WITHHELD EACH YEAR BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A EACH YEAR A NOMINATING COMMITTEE OF CURRENT MEMBERS IS ASSEMBLED TO ELECT A NEW NOMINEE TO THE ORGANIZATION'S EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B THE BY-LAWS MAY BE AMENDED BY THE MEMBERS. THE PROCESS REQUIRES NOTIFICATION OF THE MEMBERS NOT LESS THAN 30 DAYS PRIOR TO THE ANNUAL MEETING AND APPROVAL BY TWO-THIRDS OF THOSE MEMBERS PRESENT AT THE ANNUAL MEETING AND CASTING VOTES. AMENDMENTS MAY ALSO BE MADE BETWEEN ANNUAL MEETINGS BY SOLICITATION OF THE MEMBERS BY MAIL OR ELECTRONIC MEDIA. THIS METHOD ALSO REQUIRES 30 DAY NOTIFICATION IN ADVANCE OF THE BALLOT DEADLINE AND APPROVAL BY TWO-THIRDS OF MEMBERS CASTING VOTES. MEMBERS MAY PROPOSE AMENDMENTS BY WRITTEN PETITION CONTAINING SIGNATURES OF NOT LESS THAN 20% OF ALL MEMBERS. SUCH PETITION MUST BE SUBMITTED 90 DAYS PRIOR TO THE ANNUAL MEETING TO FACILITATE COMPLIANCE WITH THE 30 DAY NOTICE REQUIREMENT. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM AND DISTRIBUTED TO MANAGEMENT AND THE ORGANIZATION'S GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH EXECUTIVE COMMITTEE MEMBER IS REQUIRED TO AGREE TO THE CONFLICT OF INTEREST POLICY AND ACKNOWLEDGES THIS BY SIGNING THE CONFLICT OF INTEREST POLICY STATEMENT ON AN ANNUAL BASIS. COMPLIANCE IS MONITORED BY THE EXECUTIVE COMMITTEE ON AN ANNUAL BASIS. THE POLICY REQUIRES FULL AND PROMPT DISCLOSURE TO THE EXECUTIVE COMMITTEE OF ALL RELEVANT FACTS REGARDING ANY POSSIBLE CONFLICTS OF INTEREST. EACH EXECUTIVE COMMITTEE MEMBER AGREES TO INFORM IN WRITING AN OFFICER OF MDRT NOT AFFECTED BY THE CONFLICT. THEY MUST THEN REFRAIN FROM EXECUTIVE COMMITTEE DISCUSSION WITH RESPECT TO THE MATTER AND REFRAIN FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES ASAE'S BLUE CHIP AND ASSOCIATION FORUM SURVEYS TO EVALUATE COMPENSATION AT ALL LEVELS OF THE ORGANIZATION. THE EXECUTIVE COMMITTEE REVIEWS THIS INFORMATION IN DETERMINING THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. OCCUPATION SPECIFIC SURVEYS SUCH AS SHRM, NFRE, AND NMA ARE REVIEWED FOR MOST RECENT COMPENSATION DOCUMENTATION. COMPENSATION FOR ALL EXECUTIVE POSITIONS WAS REVIEWED AND DOCUMENTED FOR 2015. ALLOWANCES AND REIMBURSEMENTS TO COMMITTEE MEMBERS ARE DETERMINED BASED UPON THE GUIDELINES STIPULATED WITHIN THE ORGANIZATION'S POLICY BOOK. THE POLICIES INCLUDED WITHIN ARE STRICTLY ADHERED TO. COMPENSATION FOR ALL OTHER EMPLOYEES IS EVALUATED ON AN ANNUAL BASIS BY THE CHIEF EXECUTIVE OFFICER AND DIRECTOR OF HUMAN RESOURCES. COMPENSATION STUDIES PREVIOUSLY MENTIONED ARE USED IN THE PROCESS OF EVALUATING ALL OTHER EMPLOYEES. ADDITIONALLY THE ORGANIZATION'S JOB DESCRIPTIONS AND SALARIES ARE REVIEWED BY AN EXTERNAL THIRD PARTY TO ASSESS WHETHER THE ORGANIZATION'S COMPENSATION IS COMPARABLE TO LIKE POSITIONS IN SIMILAR ORGANIZATIONS. THIS PROCESS IS PERFORMED AND DOCUMENTED APPROXIMATELY ONCE OVER TWO TO THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY 675,569. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MILLION DOLLAR ROUNDTABLE FOUNDATION 325 W TOUHY AVENUE PARK RIDGE IL 60068 366080766 GRANT MAKING TO OTHER CHARITABLE ORGANIZATIONS IL 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 MILLION DOLLAR ROUNDTABLE FOUNDATION B 302500 CASH PROVIDED MILLION DOLLAR ROUNDTABLE FOUNDATION M 100000 CASH RECEIVED MILLION DOLLAR ROUNDTABLE FOUNDATION O 848271 FAIR VALUE OF SERVICES PROVIDED