2014-10-10T10:14:04-05:00 2013-12-31 221478099 COHNREZNICK LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 990 2013-01-01 261339203 LL GLOBAL INC LLGL 8606883358 300 DAY HILL ROAD WINDSOR CT 06095 DAVID A MARCONE ASSISTANT TREASURER 8602857710 2014-10-02 1 FRANK SAMBOR P00073659 8606333000 2013 2015-11-30 17:44:51Z ROBERT A KERZNER 300 DAY HILL ROAD WINDSOR CT 06095 64483632 0 X WWW.LIMRA.COM OR WWW.LOMA.ORG X 2007 CT TO PROVIDE BENEFITS TO THE INSURANCE INDUSTRY AS A WHOLE THROUGH RESEARCH AND EDUCATION. 23 22 404 0 0 0 0 0 40413187 41468737 1530684 669966 987872 25900 42931743 42164603 0 0 0 0 27691488 28006399 0 0 0 10492959 10400964 38184447 38407363 4747296 3757240 56847434 51411946 48900953 35310322 7946481 16101624 X TO PROVIDE BENEFITS TO THE INSURANCE INDUSTRY AS A WHOLE THROUGH RESEARCH AND EDUCATION. 0 0 LL GLOBAL, INC. IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY AS A PROFESSIONAL AND TRADE ASSOCIATION THROUGH WHICH LIFE INSURANCE, HEALTH INSURANCE, AND OTHER INSURANCE COMPANIES, AND OTHER COMPANIES AND PERSONS INVOLVED IN THE FINANCIAL SERVICES OR RETIREMENT SERVICES INDUSTRIES, MAY ENGAGE IN COOPERATIVE ACTIVITIES, HAVING AS THEIR AIM THE IMPROVEMENT OF SUCH COMPANIES AND THEIR OPERATION. THE PURPOSE OF THE CORPORATION SHALL INCLUDE, BUT NOT BE LIMITED TO, THE EXCHANGE OF IDEAS PERTAINING TO COMPANY OPERATIONS, MARKETING, DISTRIBUTION, COOPERATIVE RESEARCH PROJECTS AND EDUCATIONAL PROGRAMS RELATED TO SUCH COMPANIES AND THEIR OPERATIONS. IN FURTHERANCE OF ANY OR ALL THE FOREGOING ACTIVITIES AND PURPOSE, BUT SUBJECT TO THE RESTRICTIONS OF THE CERTIFICATE OF INCORPORATION, THE CORPORATION MAY ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH CORPORATIONS MAY BE INFORMED UNDER THE NONSTOCK ACT. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 109 0 1 404 1 0 1 CH CA UK 0 0 0 0 X 23 22 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CT GA X DAVID A MARCONE ASSISTANT TREASURER 8606883358 300 DAY HILL ROAD WINDSOR CT 06095 ROBERT A KERZNER CEO, PRESIDENT 50.00 X X 769196 345559 12750 WILL FULLER DIRECTOR 5.00 X 0 0 0 CAROL M JOHNSON DIRECTOR 5.00 X 0 0 0 DANIEL P MULHERAN DIRECTOR 5.00 X 0 0 0 SCOTT HAM DIRECTOR 5.00 X 0 0 0 DOUGLAS CAMACHO DIRECTOR 5.00 X 0 0 0 DONNA KINNAIRD DIRECTOR 5.00 X 0 0 0 ESFAND DINSHAW DIRECTOR 5.00 X 0 0 0 JAMES A THOMSEN DIRECTOR 5.00 X 0 0 0 JOSEPH R MONK DIRECTOR 5.00 X 0 0 0 LES C HERR DIRECTOR 5.00 X 0 0 0 MARY JANE FORTIN DIRECTOR 5.00 X 0 0 0 MICHAEL R FANNING DIRECTOR 5.00 X 0 0 0 ROBERT O'DONNELL DIRECTOR 5.00 X 0 0 0 PETER TEDONE DIRECTOR 5.00 X 0 0 0 SALOON THAM DIRECTOR 5.00 X 0 0 0 SCOTT PERRY DIRECTOR 5.00 X 0 0 0 STEVEN FINCH DIRECTOR 5.00 X 0 0 0 THOMAS P BURNS DIRECTOR 5.00 X 0 0 0 TIM STONEHOCKER DIRECTOR 5.00 X 0 0 0 DAVID SIMBRO DIRECTOR 5.00 X 0 0 0 FERNANDO SINA DIRECTOR 5.00 X 0 0 0 DEANNA STRABLE DIRECTOR 5.00 X 0 0 0 CURTIS H CONNER SR. VICE PRESIDENT, TREASU 50.00 X 189613 85189 25259 DAVID MARCONE ASST. TREASURER & CORPORAT 50.00 X 89974 40424 24393 DAVID VUJS ASST. SECRETARY & AVP 50.00 X 76071 34177 12531 ROBERT M BARANOFF SECRETARY 50.00 X 291985 0 25258 CAROL LARCO-MURZYN VICE PRESIDENT MARKETING 50.00 X 205971 0 25360 GARY R ALUISE SR. VICE PRESIDENT, MANAGI 50.00 X 212595 0 25204 JEFFREY HASTY SR. VICE PRESIDENT 50.00 X 264848 0 28498 KATHERINE MILLIGAN SENIOR VICE PRESIDENT 50.00 X 253073 0 31722 JONATHAN STAR CHIEF INFORMATION OFFICER 50.00 X 166172 0 16185 LUCIAN J LOMBARDI VICE PRESIDENT 50.00 X 198526 0 23323 MICHELE LABOUFF SENIOR VICE PRESIDENT 50.00 X 209349 0 23076 PAUL DESIMONE VICE PRESIDENT 50.00 X 221750 0 10000 JUDITH A SCHOTT VICE PRESIDENT 50.00 X 197601 0 23481 SCOTT STATHIS CORP VICE PRESIDENT 50.00 X 180503 0 19414 3527227 505349 326454 80 0 1 0 TROUTMAN SANDERS LLP PO BOX 933652 ATLANTA GA 311933652 LEGAL 244619 CHAPMAN ALLIANCE LLC 8914 RED WILLOW CIRCLE SANDY UT 84093 CONSULTING 209565 PROJECT SOLUTIONS 6065 ROSWELL RD SUITE 536 ATLANTA GA 30328 CONSULTING 143410 COHNREZNICK LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 AUDIT AND TAX SERVICES 137194 4 MEMBERSHIP DUES 611430 22773690 22773690 ENROLLMENT FEES 611430 15405042 15405042 MEMBERSHIP PRODUCT SALES 611600 1432247 1432247 OTHER INCOME AND SERVICES 611430 1394427 1394427 MEMBER SERVICE FEES 611430 463331 463331 41468737 1049361 1049361 25900 25900 21939634 22319029 -379395 -379395 -379395 42164603 41468737 0 695866 2746658 14928095 2705721 7083801 542124 195393 18881 735824 29711 484209 444236 1373535 1230766 3334028 166085 900393 227217 COMMISSIONS 364020 TECHNICAL MATERIALS 339762 POSTAGE AND FREIGHT 278817 PRINTING 242053 36034 38407363 9569380 8941937 2335937 1418108 1802706 1824943 10586 0 659604 837471 15193602 6198317 7884083 8995285 28918506 27379902 5666632 2014300 56847434 51411946 4438842 5743733 6431630 4858853 2390676 2248034 35639805 22459702 48900953 35310322 X 7946481 16101624 7946481 16101624 56847434 51411946 X 3757240 288626 4109277 X X 0 1 X 1 0 0 1 0 670000 670000 7676270 2547069 5129201 98715 98715 0 6748617 3552533 3196084 8995285 RETIREMENT BENEFIT OBLIGATIONS 22121144 OTHER LIABILITY 338558 22459702 X PART X, LINE 2: LL GLOBAL HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2013. LL GLOBAL'S, LIMRA'S, LOMA'S AND LL GLOBAL SERVICES, INC.'S U.S. FEDERAL AND STATE INCOME TAX AND INFORMATION RETURNS PRIOR TO CALENDAR YEAR 2010 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF LL GLOBAL HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. EAST ASIA & PACIFIC 1 15 PROGRAM SERVICES CONTINUING EDUCATION, EDUCATION AND TRAINING, ON LINE 1250825 NORTH ASIA 0 0 PROGRAM SERVICES EDUCATION AND TRAINING, ON LINE LEARNING 464060 SOUTH AMERICA 0 1 PROGRAM SERVICES EDUCATION AND TRAINING, ON LINE LEARNING 999440 NORTH AMERICA 1 4 PROGRAM SERVICES EDUCATION AND TRAINING, ON LINE LEARNING 283877 SOUTH ASIA 0 4 PROGRAM SERVICES EDUCATION AND TRAINING, ON LINE LEARNING 1331727 CENTRAL AMERICA 0 1 PROGRAM SERVICES EDUCATION AND TRAINING, ON LINE LEARNING 14762 2 25 0 0 2 25 4344691 0 4344691 0 0 1 0 0 0 1 X X X X 0 0 0 ROBERT A KERZNER CEO, PRESIDENT 413994 185975 172500 77500 182702 82084 12750 0 0 0 781946 345559 0 0 CURTIS H CONNER SR. VICE PRESIDENT, TREASU 138916 62412 49095 22057 1602 720 12750 0 12509 0 214872 85189 0 0 DAVID MARCONE ASST. TREASURER & CORPORAT 84575 37998 5175 2325 224 101 6979 0 17414 0 114367 40424 0 0 ROBERT M BARANOFF SECRETARY 221421 0 67000 0 3564 0 12750 0 12508 0 317243 0 0 0 CAROL LARCO-MURZYN VICE PRESIDENT MARKETING 147492 0 56000 0 2479 0 8762 0 16598 0 231331 0 0 0 GARY R ALUISE SR. VICE PRESIDENT, MANAGI 157647 0 51780 0 3168 0 10603 0 14601 0 237799 0 0 0 JEFFREY HASTY SR. VICE PRESIDENT 196403 0 67203 0 1242 0 11172 0 17326 0 293346 0 0 0 KATHERINE MILLIGAN SENIOR VICE PRESIDENT 180358 0 70635 0 2080 0 11440 0 20282 0 284795 0 0 0 JONATHAN STAR CHIEF INFORMATION OFFICER 144764 0 21408 0 0 0 8308 0 7877 0 182357 0 0 0 LUCIAN J LOMBARDI VICE PRESIDENT 188348 0 8000 0 2178 0 9518 0 13805 0 221849 0 0 0 MICHELE LABOUFF SENIOR VICE PRESIDENT 141953 0 67000 0 396 0 11200 0 11876 0 232425 0 0 0 PAUL DESIMONE VICE PRESIDENT 160006 0 60000 0 1744 0 10000 0 0 0 231750 0 0 0 JUDITH A SCHOTT VICE PRESIDENT 112337 0 83514 0 1750 0 9784 0 13697 0 221082 0 0 0 SCOTT STATHIS CORP VICE PRESIDENT 172491 0 6000 0 2012 0 0 0 19414 0 199917 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS THREE CLASSES OF MEMBERS: (1) REGULAR MEMBERSHIP IN THE CORPORATION SHALL BE LIMITED TO LEGAL RESERVE LIFE INSURANCE COMPANIES DOMICILED IN THE UNITED STATES OR CANADA. (2) INTERNATIONAL MEMBERSHIP IN THE CORPORATION SHALL BE LIMITED TO LEGAL RESERVE LIFE INSURANCE COMPANIES DOMICILED OUTSIDE THE UNITED STATES OR CANADA. (3) AFFILIATED MEMBERSHIP IN THE CORPORATION SHALL BE LIMITED TO FINANCIAL SERVICE ORGANIZATIONS THAT CREATE, MARKET, SELL AND/OR OTHERWISE DISTRIBUTE AT LEAST ONE OR MORE FINANCIAL PRODUCTS AND ARE NOT LEGAL RESERVED LIFE INSURANCE COMPANIES, REGARDLESS OF WHETHER THEY ARE OR ARE NOT RELATED TO AND/OR OWNED BY ANY CURRENT MEMBER(S) OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS CAN ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B EACH REGULAR MEMBER AND INTERNATIONAL MEMBER OF THE CORPORATION IN GOOD STANDING SHALL BE ENTITLED TO ONE VOTE ON MATTERS SUBMITTED TO MEMBERS FOR ACTION AND SHALL HAVE FULL RIGHTS AND PRIVILEGES OF MEMBERSHIP AND SHALL BE REFERRED TO HEREIN AS THE "VOTING MEMBERS." AFFILIATE MEMBERS SHALL HAVE NO VOTING RIGHTS, BUT SHALL BE ENTITLED TO SUCH RIGHTS AND PRIVILEGES OF MEMBERSHIP AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME DETERMINE AND SHALL BE REFERRED TO HEREIN AS "NON-VOTING MEMBERS." FORM 990, PART VI, SECTION B, LINE 11 AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS IN A TIMELY MANNER PRIOR TO THE FILING OF THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY HAS AN ETHICS COMMITTEE WHICH IS COMPRISED OF COMPANY OFFICIALS IN POSITIONS OF SENIOR MANAGEMENT OR WITH ACCESS TO SENIOR MANAGEMENT. IN ADDITION TO THESE INTERNAL RESOURCES FOR REPORTING AN ETHICS CONCERN, COMPANY EMPLOYEES MAY ALSO ELECT TO SUBMIT AN ETHICS CONCERN TO INTOUCH, THE COMPANY'S EXTERNAL HOTLINE PROVIDER. ALL EMPLOYEE CONCERNS REPORTED TO THE COMPANY DIRECTLY OR THROUGH THE EXTERNAL REPORTING HOTLINE SERVICE WILL BE REVIEWED AND INVESTIGATED AS APPROPRIATE. THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO PROTECT THE INTEREST OF THE ORGANIZATION WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE ORGANIZATION OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THERE ARE FIVE PARTS TO THE SALARY ADMINISTRATION PROGRAM. - POSITION DESCRIPTION - INFORMATION ON THE DUTIES, RESPONSIBILITIES, SKILLS, KNOWLEDGE, AND ABILITIES REQUIRED FOR EACH POSITION. - POSITION EVALUATION - USING THE POSITION DESCRIPTION, EACH JOB IS EVALUATED BASED ON CONTENT AND ITS RELATIVE VALUE TO OTHER JOBS WITHIN THE ASSOCIATION. - SALARY RANGES - COMPETITIVE DATA ARE USED TO COMPILE SALARY RANGES THAT ARE REVIEWED ON A REGULAR BASIS. - PERFORMANCE EVALUATION - EMPLOYEES ARE RATED ON HOW THEIR JOB PERFORMANCE COMPARES WITH THE OBJECTIVES AND STANDARDS OF THEIR POSITION. - SALARY REVIEW - A SALARY REVIEW IS CONDUCTED ANNUALLY IN JANUARY. SALARY GRADES PROVIDE MEANINGFUL DISTINCTIONS AMONG POSITIONS JUDGED TO BE OF DIFFERENT VALUE TO LL GLOBAL. THE ASSIGNMENT OF A POSITION TO A SALARY GRADE IS BASED ON THE POSITION EVALUATION PROCESS. EXTERNAL COMPETITIVE MARKETPLACE VALUES ARE DETERMINED THROUGH SALARY SURVEYS. SALARY RANGES HAVE MINIMUM AND MAXIMUM DOLLAR VALUES, WHICH REPRESENT THE RANGE OF SALARY RATES PAID TO AN EMPLOYEE IN A PARTICULAR SALARY GRADE. SALARY RANGES ARE ADJUSTED PERIODICALLY TO KEEP UP WITH MARKET VALUES. IF AN EMPLOYEES SALARY FALLS BELOW THE MINIMUM OF THE SALARY RANGE THE EMPLOYEE WILL NORMALLY RECEIVE A SALARY ADJUSTMENT TO BRING THEM TO THE MINIMUM OF THE SALARY RANGE. REGARDING THE DETERMINATION OF COMPENSATION, THERE ARE DIFFERENT GROUPS WHO RECOMMEND, REVIEW AND APPROVE EACH AREA. THE OVERALL COMPENSATION BUDGET IS RECOMMENDED BY HR AND APPROVED BY THE CEO AND BOARD OF DIRECTORS. MERIT INCREASES ARE RECOMMENDED BY BUSINESS UNIT HEADS, CEO, AND THE IMMEDIATE SUPERVISOR/MANAGER. THE INCREASES ARE THEN REVIEWED BY HUMAN RESOURCES, BUSINESS UNIT HEADS, AND BOARD OF DIRECTORS. ONCE A FINAL DECISION IS MADE, COMPENSATION IS APPROVED BY HUMAN RESOURCES, BUSINESS UNIT HEADS, AND BOARD OF DIRECTORS. PERFORMANCE BONUSES ARE RECOMMENDED BY BUSINESS UNIT HEADS, CEO, AND THE IMMEDIATE SUPERVISOR/MANAGER THEN REVIEWED BY HUMAN RESOURCES AND THE CEO. THE CEO GETS FINAL APPROVAL. INCENTIVE COMPENSATION IS CALCULATED USING A FORMULA DRIVEN BY INCENTIVE COMPENSATION PLANS AND ANNUAL RESULTS. THE CALCULATION IS REVIEWED BY HR THEN APPROVED BY THE CFO, HR, AND THE BUSINESS UNIT HEADS. IN REFERENCE TO THE CEO'S COMPENSATION PLAN, THE COMPENSATION AND BENEFIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS MARKET DATA AND MAKES RECOMMENDATIONS BASED ON THE LONG- AND SHORT-TERM INTERESTS OF THE COMPANY AND ITS MEMBERS. THE CHAIR OF THE BOARD OF DIRECTOR'S TAKES THE LEAD ON DISCUSSING AND NEGOTIATING COMPENSATION WITH THE CEO BASED ON THE INPUT FROM THE COMPENSATION AND BENEFIT COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR LEGITIMATE BUSINESS REASONS. FORM 990, PART XI, LINE 9: RETIREMENT OBLIGATION ADJUSTMENT 9,986,792. FOREIGN TRANSLATION ADJUSTMENT 25,280. CONTRIBUTION 10,000. EQUITY METHOD OF ACCOUNTING FOR INVESTMENT IN SUBSIDIARY -4,812,795. TRANSFER OF ASSETS TO LL GLOBAL EDUCATION -1,100,000. FORM 990, PART XII, LINE 2: ALTHOUGH THE ORGANIZATION DOES NOT RECEIVE STAND ALONE GAAP FINANCIAL STATEMENTS, IT DOES RECEIVE ON AN ANNUAL BASIS FROM INDEPENDENT AUDITORS CONSOLIDATED ENTITY GAAP FINANCIAL STATEMENTS FOR IT AND ITS AFFILIATES. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS NOR ITS SELECTION PROCESS DURING THE YEAR. FORM 990, SCHEDULE R, PART V, LINE 2 THE RELATED ORGANIZATIONS SHARE EMPLOYEES, OCCUPANCY COSTS, AND OTHER COMMON EXPENSES. THE RELATED PARTIES ALLOCATE ALL SHARED EXPENSES BASED ON METHODS WHICH BEST REPRESENT THE USAGE BY EACH INDIVIDUAL COMPANY. AS SHARED EXPENSES ARE RECORDED THEY ARE ALLOCATED TO THE COMPANY CONSUMING THE GOODS AND/OR SERVICES. LL GLOBAL EDUCATION FOUNDATION INC 300 DAY HILL ROAD WINDSOR CT 06095 202458799 PROMOTE AND FUND RESEARCH IN THE INSURANCES AND FINANCIAL SERVICES INDUSTRY GA 501(C)(3) LINE 11B, II LL GLOBAL SERVICES INC 1 LL GLOBAL SERVICES INC 300 DAY HILL ROAD WINDSOR CT 06095 061638159 PROVIDES SERVICES TO INSURANCE INDUSTRY CT LL GLOBAL INC C -1956114 4251577 1.00000 1 LIMRA EUROPE LTD CARDINAL POINT PARK RD 2ND FLOOR RICKMANSWORTH UK PROVIDES SERVICES TO INSURANCE INDUSTRY UK LL GLOBAL INC -3099 241666 1.00000 1 KEHRER LIMRA INC 300 DAY HILL ROAD WINDSOR CA 06095 222947754 PROVIDES SERVICES TO INSURANCE INDUSTRY CT LL GLOBAL SERVICES INC C -598257 417887 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 LL GLOBAL SERVICES INC & SUBSIDIARY B 4725256 FAIR MARKET VALUE LIMRA EUROPE LTD L 1096491 FAIR MARKET VALUE OF SERVICES LL GLOBAL SERVICES INC & SUBSIDIARY N 5588281 FAIR MARKET VALUE LL GLOBAL SERVICES INC & SUBSIDIARY O 666633 FAIR MARKET VALUE LL GLOBAL EDUCATION FOUNDATION INC B 1100000 FAIR MARKET VALUE