2014-11-07T13:55:06-06:00 2013-12-31 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1700 PHILADELPHIA PA 19103 990 2013-01-01 231352012 AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS % JEFFREY SCHEIDT AMER 6106442100 720 PROVIDENCE ROAD Suite MALVERN PA 193550716 JEFFREY A SCHEIDT TREASURER 6102512731 2014-11-07 true ERIC M MCNEIL P00460263 6102512731 2013 2015-11-30 17:44:51Z PETER L MILLER 720 PROVIDENCE ROAD MALVERN PA 193550716 171455461 false X www.theinstitutes.org X 1942 PA EDUCATIONAL PRODUCTS AND SERVICES TO THE RISK MANAGEMENT AND INSURANCE INDUSTRY. 46 30 186 0 0 328603 1719764 29669913 34006252 5457037 12483620 6913552 7531907 42369105 55741543 0 189000 0 0 15208431 16736428 0 0 26378 17495687 20790596 32704118 37716024 9664987 18025519 180046374 204877034 8733044 11535609 171313330 193341425 X As the industry's trusted knowledge leader, The Institutes are committed to meeting the evolving educational needs of the risk management and insurance community. 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RETIREE HEALTH BENEFITS 712554 712554 60076739 4943845 6441351 11385196 48691543 7050000 7050000 55741543 37733263 17239 17239 37716024 37716024 FORM 990, SCHEDULE D, PART XI, LINE 4D Management income 7,050,000 FORM 990, SCHEDULE D, PART XI, LINE 2D REVENUES FROM AFFILIATE 6,441,351 FORM 990, SCHEDULE D, PART XII, LINE 2D EXPENSES FROM AFFILIATE 17,239 true FAME 701 PENN AVE NW SUITE 750 WASHINGTON DC 20004 521811691 501(c)(3) 125000 SCHOLARSHIP FUND 1 ADJUNCT PROFESSORSHIPS TO FURTHER STUDY OF RMI 4 40000 COLLEGE SCHOLARSHIPS TO STUDY RISK MGMT & INS. 17 24000 PART I, LINE 2 The Institutes makes grants only to charitable organizations in furtherance of its tax-exempt purposes. The Institutes also provides scholarships and grants for adjunct professorships to further the study of risk management and insurance. X true true X X X X false true false false false false false true false PETER MILLER PRESIDENT/CEO 541667 0 300000 0 828 0 48100 0 12810 0 903405 0 0 0 JEFFREY SCHEIDT TREASURER 180833 0 49000 0 828 0 26220 0 15310 0 272191 0 0 0 ELIZABETH SPRINKEL SENIOR VICE PRESIDENT 222433 0 70000 0 828 0 34255 0 11156 0 338672 0 0 0 ANITA BOURKE EXECUTIVE VICE PRESIDENT 324850 0 120000 0 3023 0 40600 0 10150 0 498623 0 0 0 SAUL SWARTOUT EXECUTIVE VICE PRESIDENT 292117 0 107000 0 1548 0 48100 0 15310 0 464075 0 0 0 P KENDRICK MILLS SENIOR VICE PRESIDENT 164117 0 44000 0 828 0 26259 0 15310 0 250514 0 0 0 ALEXANDER VANDEVERE SENIOR VICE PRESIDENT 209500 0 57000 0 540 0 32813 0 15836 0 315689 0 0 0 KEVIN BROWN SENIOR VICE PRESIDENT 170833 0 27417 0 1548 0 15167 0 12840 0 227805 0 0 0 EVERETT RANDALL SENIOR VICE PRESIDENT 164217 0 24450 0 2376 0 26275 0 12810 0 230128 0 0 0 MARYANN COOK VICE PRESIDENT 162537 0 24530 0 828 0 26006 0 4793 0 218694 0 0 0 SUSAN KEARNEY SR. DIR. OF KNOW. RESOURCES 149480 0 23980 0 540 0 23917 0 13337 0 211254 0 0 0 ARTHUR FLITNER SR. DIR. OF KNOW. RESOURCES 147317 0 23660 0 2376 0 23570 0 5330 0 202253 0 0 0 MICHAEL ELLIOTT SR. DIR. OF KNOW. RESOURCES 146407 0 23510 0 1548 0 23434 0 12810 0 207709 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 1A Travel for companions is allowed to board meetings twice a year. SCHEDULE J, PART I, LINE 3 The 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 4 Peter Miller - $7,300 employer contribution Anita Bourke - $3,625 employer contribution Saul Swartout - $7,300 employer contribution Alexander Vandevere - $7,656 employer contribution 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 revenues). 0 STATE FARM MUTUAL INSURANCE COMPANI SEE PART V 5760048 EDUCATIONAL MATERIALS/EXAMS false USAA SEE PART V 441914 EDUCATIONAL MATERIALS/EXAMS false ACE LIMITED SEE PART V 408746 EDUCATIONAL MATERIALS/EXAMS false GEICO SEE PART V 394579 EDUCATIONAL MATERIALS/EXAMS false NATIONWIDE SEE PART V 367953 EDUCATIONAL MATERIALS/EXAMS false CINCINNATI FINANCIAL CORP SEE PART V 367407 EDUCATIONAL MATERIALS/EXAMS false TRAVELERS COMPANIES INC SEE PART V 309318 EDUCATIONAL MATERIALS/EXAMS false MUNICH REINSURANCE AMERICA SEE PART V 191551 EDUCATIONAL MATERIALS/EXAMS false ERIE INSURANCE GROUP SEE PART V 164735 EDUCATIONAL MATERIALS/EXAMS false STATE AUTO INSURANCE COMPANIES SEE PART V 158532 EDUCATIONAL MATERIALS/EXAMS false CHUBB CORPORATION SEE PART V 155174 EDUCATIONAL MATERIALS/EXAMS false AON RISK SERVICES INC SEE PART V 154687 EDUCATIONAL MATERIALS/EXAMS false CRAWFORD COMPANY SEE PART V 141052 EDUCATIONAL MATERIALS/EXAMS false ARTHUR J GALLAGHER RISK MGMT SEE PART V 131038 EDUCATIONAL MATERIALS/EXAMS false CNA FINANCIAL CORPORATION SEE PART V 101483 EDUCATIONAL MATERIALS/EXAMS false FORM 990, SCHEDULE L, PART V For the reported business transactions with interested persons, in each case, an institutes' trustee is an officer of the listed interested person. FORM 990, PART VI, LINE 1A The Board of Trustees shall function between meetings through an Executive committee which shall have the full powers of the Board between meetings except that the executive committee shall not have the powers: 1) To fill vacancies in the Board of Trustees; 2) To adopt, amend, or appeal the articles of incorporation or bylaws; or 3) amend or repeal a resolution of the entire board. FORM 990, PART VI, 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, LINE 12C AN ANNUAL FORM IS SUBMITTED BY ALL TRUSTEES AND REVIEWED BY THE CORPORATE SECRETARY FOR POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, LINES 15A AND 15B THE 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, PART VI, 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 (941,269) 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 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 ASSOCI PA 501(C) (6) N/A AICPCU true GRIFFITH INSURANCE EDUCATION FOUNDATION 720 PROVIDENCE ROAD MALVERN PA 19355 316052801 EDUCATIONAL A OH 501(C)(3) 9 AICPCU true false false false false false false false false false false false false false false false false false false true SOCIETY OF CHARTERED PROPERTY AND CASUALTY UN S 6000000 FMV GRIFFITH INSURANCE EDUCATION FOUNDATION S 1050000 FMV