2014-08-28T09:18:05-05:00 2013-12-31 420714325 McGladrey LLP 4801 Main Street Suite 400 Kansas City MO 64112 990 2013-01-01 431763793 National Insurance Producer Registry DBA NIPR NATI 8168423600 1100 Walnut Street No 1500 Kansas City MO 64106 Karen Hornig Executive Director 8168423600 2014-08-21 1 Connie Henderson P00156688 8167533000 2013 2015-11-30 17:44:51Z NIPR Karen Hornig 1100 Walnut Street No 1500 Kansas City MO 64106 29010639 0 X www.nipr.com X 1996 MO NIPR is a unique public-private partnership that supports the work of the states and the NAIC in making the producer-licensing process more cost-effective, streamlined and uniform for the benefit of the regulators, the insurance industry and the consumers they protect and serve. 13 12 92 16 0 0 0 0 21372290 24366648 1681336 806470 0 0 23053626 25173118 0 0 0 0 6121407 6473200 0 0 0 21048392 16017225 27169799 22490425 -4116173 2682693 30837945 35037734 2698852 2625721 28139093 32412013 X NIPR is a unique public-private partnership that supports the work of the states and the NAIC in making the producer-licensing process more cost-effective, streamlined and uniform for the benefit of the regulators, the insurance industry and the consumers they protect and serve. 0 0 NIPR supports the members of the National Association of Insurance Commissioners, a 501(c)(3) organization, through a service agreement, by assisting in maintaining the NAIC's state producer licensing database which contains records regarding insurance agents and other such producers throughout the fifty states, the District of Columbia, Puerto Rico and the Virgin Islands. These records are accessed electronically by the insurance commmissioners of all such jurisdictions and their staffs and may be employed to expedite the producer licensing activities thereof. The producer database may be accessed by insurance companies. In addition, the gateway facilitates the producer licensing, appointment and termination process between state insurance regulators and the insurance industry. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 12 0 1 92 1 0 0 0 0 0 0 X 13 12 1 0 1 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X Jim Woody NAIC CFO 8168423600 1100 Walnut Street Suite 1500 Kansas City MO 64106 Gary Allen Director-Ex Officio-Non-Voting 1.00 X 0 0 0 William Anderson Director-Ex Officio-Non-Voting 1.00 X 0 0 0 Wesley Bissett Director-Ex Officio-Non-Voting 1.00 X 0 0 0 David Eppstein Director 1.00 X 0 0 0 Timothy Kovac Director-Ex Officio-Non-Voting 1.00 X 0 0 0 David Leifer Director 1.00 X 0 0 0 The Honorable Thomas Leonardi Director 1.00 X 0 0 0 The Honorable Monica Lindeen Director 1.00 X 0 0 0 Suzanne Loomis Director 1.00 X 0 0 0 The Honorable Julie McPeak Director 1.00 X 0 0 0 The Honorable Sandy Praeger Director 1.00 X 0 0 0 Elise Spriggs Director 1.00 X 0 0 0 Jessica Waltman Director 1.00 X 0 0 0 The Honorable Roger Sevigny Director, President 1.00 X X 0 0 0 John Felding Director, Vice President 1.00 X X 0 0 0 The Honorable Sharon Clark Director Secretary/Treasur 1.00 X X 0 0 0 Senator Ben Nelson Director CEO NAIC 1.00 37.50 X 0 1472607 2237 Maryellen Waggoner Executive Director 37.50 X 299121 0 21365 Laurie Wolf Interim Executive Director 37.50 X 118044 0 11206 Dennis Wilson Asst. Director Tech Service 37.50 X 125263 0 20064 Susan Maldonado Assistant Director-Operations 37.50 X 124739 0 19963 Thomas Bergin Manager III NIPR Products 37.50 X 109481 0 26040 Patricia Hertlein Sr Manager II Sales & Marketing 37.50 X 108846 0 19923 Roderick McDonald Sr. Software Engineer II 37.50 X 108806 0 24854 994300 1472607 145652 7 0 1 0 Grant Thornton LLP 1901 S Meyers Road Suite 455 Oakbrook Terrace IL 60181 Consulting 241022 1 Producer Licensing Fees 900099 12350978 12350978 Database Access Revenue 900099 10082514 10082514 CAR Reports/Appt Rnwl/Alerts 900099 1820165 1820165 Attachment Warehouse 900099 58355 58355 User Conference 900099 35414 35414 19222 19222 24366648 517203 517203 4126788 3837521 289267 289267 289267 25173118 24366648 0 806470 450308 4599879 354359 678158 390496 158896 42966 18750 83298 1187633 330132 76386 13591459 76081 258749 8590 9343 82600 Bad Debt 53591 User Conference 29570 Other 6597 Taxes 2584 22490425 1144561 1498560 11998294 12257055 2209745 2105887 66617 57574 181321 177596 13068 3725 15373629 19094073 32031 20860 30837945 35037734 2689719 2625721 9133 0 2698852 2625721 X 28139093 32412013 28139093 32412013 30837945 35037734 2682693 1590227 0 X X 0 1 X 1 0 181321 177596 3725 3725 X 26763345 1590227 1590227 25173118 0 25173118 22490425 0 22490425 0 22490425 Part X, Line 2: Uncertain tax positions, if any, are recorded in accordance with FASB ASC 740, Income Taxes. FASB ASC 740 requires the recognition of a liability for tax positions taken that do not meet the more-likely-than-not standard that the position will be sustained upon examination by the taxing authorities. There is no liability for uncertain tax positions recorded at December 31, 2013 or 2012. X X X 1 1 X X X X 1 0 0 Senator Ben Nelson Director CEO NAIC 0 880577 0 500112 0 91918 0 0 0 2237 0 1474844 0 0 Maryellen Waggoner Executive Director 238516 0 0 0 60605 0 15485 0 5880 0 320486 0 0 0 Part I, Line 1a Maryellen Waggoner, Susan Maldonado and Dennis Wilson and Senator Nelson are eligible for a Director's benefit for various wellness/fitness items and tax and legal services. Senator Nelson was also eligible for companion travel. Part I, Line 3 The NIPR has a formal Executive compensation policy for the Executive Director including an annual performance review, comparability data, and review and approval by the Board of Directors. The Assistant Director's compensation is determined by national surveys and is based on performance as stated in the written annual evaluation. Annual compensation increases are based on a review of national salary surveys. Part I, Line 4a Maryellen Waggoner received $57,062 in severance pay when she terminated employment with NIPR in late 2013. This amount is included in Part II, Line B (iii). Form 990, Part VI, Section A, line 2 Five members of the NIPR Board of Directors are also members of the NAIC Executive Committee which serves as the governing body of the NAIC which manages the business and affairs of the NAIC which in turn gives them a business relationship with other officers, directors, trustees and/or key employees. The five members are the Honorable Thomas Leonardi, the Honorable Monica Lindeen, the Honorable Julie McPeak, the Honorable Sandy Praeger and the Honorable Roger Sevigny. Form 990, Part VI, Section A, line 4 The Bylaws were updated to allow either the CEO or COO to serve as a member of the Board of Directors ex officio with voting rights. The NAIC President selects whether the CEO or COO will serve. Form 990, Part VI, Section A, line 6 The National Association of Insurance Commissioners (NAIC) is the sole member of the NIPR. The NAIC appoints the regulatory members of the governing body of the NIPR. The NAIC does not have any voting rights. The members appointed by the NAIC do have voting rights. Form 990, Part VI, Section A, line 7a The National Association of Insurance Commissioners (NAIC) is the sole member of the NIPR. The NAIC appoints the regulatory members of the governing body of the NIPR. The NAIC does not have any voting rights. The members appointed by the NAIC do have voting rights. Form 990, Part VI, Section A, line 8b The audit committee meets regularly before each Board of Directors meeting and the investment committee meets on an as needed basis. Both of their minutes are taken orally and then added to the official minutes for each Board of Directors meetings. They are not however authorized to act on behalf of the governing body (Board of Directors). Form 990, Part VI, Section B, line 11 National Insurance Producer Registry is exempt from Federal income tax as an organization described in Section 501(c)(6) of the Internal Revenue Code ("NIPR"). As an exempt organization, NIPR must annually file the IRS Form 990. The purpose of this Form 990 Review Policy ("Policy") is to ensure that a substantive and independent review of the Form 990 is undertaken by NIPR's Audit Committee. The Form 990 is a comprehensive self-audit of NIPR's activities including, without limitation, its compensation arrangements, transactions with interested persons, transactions with related organizations and it requires disclosure of its governance framework, policies and procedures. The form is a public document so anyone who wishes to review the form must be permitted to do so and if anyone requests a copy, they must be provided with one. II. General Policy: It is the general policy of NIPR to have its Audit Committee conduct a substantive review of the Form 990 during its preparation by an outside accountant with the assistance of NIPR's counsel, officers and staff. The final version of the Form 990 shall be provided to all of the members of NIPR's Board of Directors before it is filed with the IRS. III. Procedures in accordance with its review function: The Audit Committee shall take the following actions: *Approve the Form 990 preparer. *Carefully monitor the description of NIPR's purposes and activities reported on the Form 990 to ensure that the description provided accurately describes NIPR's purposes and activities and that the stated purposes and activities further the exempt purposes of NIPR within the meaning of Section 501(c)(6) of the Code. *Ensure that the mission statement stated in the Form 990 has been approved by the Board of Directors in a formal Board resolution. *Conduct a detailed review and analysis of the material tax and financial issues as well as disclosure issues raised by the Form 990. *Consult directly with the Form 990 preparer and legal counsel, when appropriate, relative to any tax, financial or disclosure issues presented on the form. *After consideration and analysis of all of the material issues, and after discussions with the Form 990 preparer and legal counsel, forward the final version to the Board of Directors for its review and approval prior to filing. *Approve and distribute the annual questionnaire to officers, directors and key employees to acquire information on their respective family and business relationships, transactions with NIPR, potential conflicts of interest, and other information needed to answer various Form 990 questions and comply with NIPR's Conflict of Interest Policy. Form 990, Part VI, Section B, line 12c The organization has its Board of Directors and employees sign and submit annual questionnaires disclosing their potential conflict of interest. The Board of Directors forms are kept on file with the Executive Director. The employee forms are retained in the employee's personnel file in Human Resources. Newly signed forms are required annually. Form 990, Part VI, Section B, line 15a 15A: The NIPR has a formal executive compensation policy for the Executive Director including an annual performance review, comparability data, and review and approval by the Board of Directors. 15B: There are no officers or key employees other than the Executive Director compensated by the organization. Form 990, Part VI, Section C, line 19 NIPR includes their annual audited financial statements in the annual report, which is posted to their website at www.NIPR.com. Governing documents and the conflict of interest policy are available upon request. Form 990, Part XII, Line 2c The process has not changed from the prior year. NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS 1100 WALNUT STREET SUITE 1500 KANSAS CITY MO 64106 311674580 SEE PART VII DE 501(c)(3) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 Schedule R, Part II The National Association of Insurance Commissioners (NAIC) is an organization of the chief insurance regulatory officials of the 50 states, the District of Columbia, American Samoa, Guam, Puerto Rico, the U.S. Virgin Islands and the Northern Mariana Islands. Formed in 1871, it is the oldest association of state officials. The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national systems of state-based insurance regulation in the U.S. The NAIC provides a wide range of services to support the work of its committees, the state insurance departments, state and federal officials and the public. The Association maintains three offices: the Executive Office, in Washington, D.C.; the Central Office, in Kansas City, MO; and the Capital Markets & Investment Analysis Office in New York NY.