2024-11-08T13:34:45-06:00 2023-12-31 PWC US TAX LLP 2001 MARKET STREET SUITE 1800 PHILADELPHIA PA 19103 990 2023-01-01 231552247 SOCIETY OF CHARTERED PROPERTY AND CASUALTY UNDERWRITERS % JEFFREY A SCHEIDT SOCI 6106442100 720 PROVIDENCE ROAD MALVERN PA 19355 JEFFREY A SCHEIDT TREASURER 6106442100 2024-11-07 true true ALBERT N ANTONELLI P01496650 2673303000 2024-11-01 2023 2024-10-15 13:58:12Z CPCU SOCIETY PETER L MILLER 720 Providence Rd Malvern PA 19355 24978409 false X WWW.CPCUSOCIETY.ORG X 1944 PA SEE SCHEDULE O 3 0 0 220 6250 0 0 0 10425390 20739242 234266 327786 158828 183283 10818484 21250311 0 0 0 0 0 0 0 0 0 12344326 21692473 12344326 21692473 -1525842 -442162 9780486 13121384 10532652 13518529 -752166 -397145 X THE SOCIETY OF CPCUS IS COMMITTED TO PROVIDING RESOURCES, EDUCATIONAL PROGRAMS AND LEADERSHIP OPPORTUNITIES THAT ATTRACT TALENT AND ENABLE INDIVIDUALS TO EXPAND THEIR TECHNICAL INSURANCE SKILLS AND BUSINESS CAPABILITIES IN ORDER TO IMPROVE THE OVERALL PERFORMANCE OF THE INSURANCE INDUSTRY WHILE ADHERING TO THE HIGHEST ETHICAL STANDARDS. false false 5849537 3562578 THE SOCIETY OF CPCUS SUPPORTS ITS MEMBERS (OVER 15,000) THROUGHOUT EVERY STAGE OF THEIR CAREERS BY PROVIDING LEADERSHIP DEVELOPMENT, EDUCATIONAL OFFERINGS, AND MORE. IN 2023, OVER 5,200 ATTENDEES PARTICIPATED IN 32 WEBINARS (COMPLIMENTARY TO MEMBERS). WE PUBLISHED FOUR ISSUES OF THE QUARTERLY PROFESSIONAL JOURNAL. WE PROVIDED ADDITIONAL OPPORTUNITIES FOR MEMBER ENGAGEMENT, NETWORKING, AND INFORMATION SHARING THROUGH OUR ONLINE COMMUNITY WITH 496 UNIQUE CONTRIBUTORS ACROSS ALL DISCUSSION FORUMS, 1,115 NEW DISCUSSION THREADS STARTED, OVER 1,900 REPLIES. OVER 950 PEOPLE ATTENDED A NON-WEBINAR EVENT INCLUDING THE ANNUAL IN2RISK MEETING. 15842936 17353697 THE INSTITUTES DESIGNATIONS LLC DELIVERED EXAMINATIONS RELATED TO INSURANCE AND RISK MANAGEMENT DESIGNATION PROGRAMS. 21692473 false false false true false false false false false true false false false false false false true false false false false false false false false false false false true false false false false false false false false false false true true false false true 0 0 0 true true false false false false false false false X 3 0 false false false false true true true true true false true true true true true true true true false false false X JEFFREY A SCHEIDT 6106442100 720 PROVIDENCE RD Malvern PA 19355 PETER L MILLER PRESIDENT & CEO 2.0 51.0 X X 0 2216772 220597 KATHERINE HOROWITZ SECRETARY 2.0 51.0 X X 0 930813 62870 JEFFREY A SCHEIDT TREASURER 2.0 51.0 X X 0 497761 68887 0 3645346 352354 0 false true false AICPCU 720 PROVIDENCE ROAD MALVERN PA 19355 SHARED RESOURCES 16149810 1 0 EXAMINATIONS 611600 16707634 16707634 TESTING SERVICES 611600 216515 216515 EDUCATION EVENTS 900099 1391088 1391088 MEMBERSHIP DUES 900099 2424005 2424005 20739242 201080 201080 0 0 0 0 0 3854804 3728098 126706 126706 126706 0 0 0 0 0 0 0 0 0 OTHER REVENUE 900099 183283 177033 6250 183283 21250311 20916275 6250 327786 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26612 26612 0 0 5305 5305 0 5344938 5344938 0 0 0 0 0 0 20405 20405 0 SHARED RESOURCE SERVICES 16149810 16149810 EDUCATIONAL RELATED 145403 145403 21692473 21692473 X 512681 542362 186300 328667 0 0 804130 2719734 0 0 0 0 0 0 0 0 0 0 370836 21081 52498 349755 8193762 9140159 0 0 0 0 0 0 31115 40707 9780486 13121384 8511921 10717743 0 0 2020731 2800786 0 0 0 0 0 0 0 0 0 0 0 0 10532652 13518529 X -752166 -397145 0 0 -752166 -397145 9780486 13121384 -442162 797183 X false true X true false false true false 370836 21081 349755 349755 false true false PETER L MILLER PRESIDENT & CEO 0 1214396 1000000 2376 204613 15984 0 2437369 JEFFREY A SCHEIDT TREASURER 0 383385 112000 2376 52800 16087 0 566648 KATHERINE HOROWITZ SECRETARY 0 547376 375000 8437 48000 14870 0 993683 SCHEDULE J, PART I, LINE 3 AS PROVIDED IN THE FORM 990, SCHEDULE J INSTRUCTIONS, SINCE THE ORGANIZATION RELIES ON A RELATED ORGANIZATION, WHICH USES ONE OR MORE OF THE METHODS DESCRIBED ON LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION, THIS QUESTION HAS BEEN LEFT UNANSWERED. REFER TO SCHEDULE O FOR A DESCRIPTION OF THE COMPENSATION REVIEW AND APPROVAL PROCESS. SCHEDULE J, PART I, LINE 4B A RELATED ORGANIZATION, THE AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS, MAINTAINS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (THE "PLAN") SUBJECT TO INTERNAL REVENUE CODE SECTION 457(F). UNDER THE PLAN, THE ENTIRE ACCRUED BENEFIT BECOMES 100% VESTED AFTER 3 YEARS OF SERVICE. PARTICIPANTS MUST REMAIN IN CONTINUOUS EMPLOYMENT FOR TWELVE (12) CONSECUTIVE MONTHS TO RECEIVE CREDIT FOR ONE (1) YEAR OF SERVICE. AN ACCRUED BENEFIT UNDER THE PLAN SHALL BE DISTRIBUTED ON THE DATE OR DATES ON WHICH THE ACCRUED BENEFIT BECOMES VESTED. TERMINATION OF SERVICES WILL RESULT IN FORFEITURE. PETER MILLER ACCRUED A BENEFIT OF $150,000 UNDER THE PLAN DURING CALENDAR YEAR 2023 AND THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II. FORM 990, PART I, LINE 1 AND PART III, LINE 1 THE SOCIETY OF CHARTERED PROPERTY AND CASUALTY UNDERWRITERS (THE "SOCIETY") IS COMMITTED TO PROVIDING RESOURCES, EDUCATIONAL PROGRAMS AND LEADERSHIP OPPORTUNITIES THAT ATTRACT TALENT AND ENABLE INDIVIDUALS TO EXPAND THEIR TECHNICAL INSURANCE SKILLS AND BUSINESS CAPABILITIES IN ORDER TO IMPROVE THE OVERALL PERFORMANCE OF THE INSURANCE INDUSTRY WHILE AHDERING TO THE HIGHEST ETHICAL STANDARDS. FORM 990, PART VI, SECTION A, LINE 1A EFFECTIVE FEBRUARY 1, 2012, THE AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS (THE "INSTITUTES") AND THE SOCIETY ENTERED INTO AN AFFILIATION AGREEMENT AND A SHARED RESOURCES AGREEMENT ("SRA"). THE INSTITUTES WILL PROVIDE MANAGEMENT AND ADMINISTRATIVE SERVICES TO THE SOCIETY IN ACCORDANCE WITH THE SOCIETY'S BYLAWS, OPERATING GUIDELINES AND PROCEDURES, BUDGET, AND PROVIDE CERTAIN SERVICES AS PRESCRIBE BY THE SRA. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP OF THE SOCIETY IS DIVIDED INTO TWO CLASSIFICATIONS OF MEMBERS: PROFESSIONAL MEMBERS AND AN INSTITUTIONAL MEMBER. PROFESSIONAL MEMBERS ARE 1) CPCU MEMBERS WHO HAVE BEEN CERTIFIED BY THE AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS (THE "INSTITUTES") AND AUTHORIZED TO USE THE CPCU DESIGNATION, AND 2) AFFILIATE MEMBERS- AN INDIVIDUAL HOLDING A DESIGNATION CONFERRED BY AN ASSOCIATION LOCATED OUTSIDE THE UNITED STATES WITH A RECIPROCAL ARRANGEMENT RECOGNIZING THE CPCU DESIGNATION, SHARES AN INTEREST IN AND SUPPORTS THE PURPOSE OF THE SOCIETY, AND MEETS ADDITIONAL CRITERIA AS ESTABLISHED BY ITS BOARD OF DIRECTORS. THE INSTITUTIONAL MEMBER IS THE INSTITUTES. EACH HAS CERTAIN RIGHTS AND DUTIES AS OUTLINED BY THE SOCIETY'S BYLAWS. FORM 990, PART VI, SECTION A, LINES 7A AND 7B THE SOCIETY'S INSTITUTIONAL MEMBER, THE AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWITERS, APPOINTS THE DIRECTORS OF THE SOCIETY AND APPROVES ANY EXTRAORDINARY ACTIVITIES (MERGERS, DISSOLUTIONS, ETC.). PROFESSIONAL MEMBERS HAVE NO VOTING RIGHTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ("COVERED OFFICIALS) ON AN ANNUAL BASIS. EACH COVERED OFFICIAL MUST COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT OF DISCLOSURE. IF A CONFLICT IS IDENTIFIED, IT IS EVALUATED AND MAY BE APPROVED IF IT IS DETERMINED TO BE JUST, FAIR, AND REASONABLE TO THE ORGANIZATION. IF IT IS DETERMINED THAT THE CONFLICT IS NOT JUST, FAIR, AND REASONABLE TO THE ORGANIZATION, APPROPRIATE ACTION IS TAKEN TO ELIMINATE THE CONFLICT, WHICH CAN INCLUDE ASKING THE INDIVIDUAL TO END A CONFLICTING BUSINESS ARRANGEMENT, RETURN REMUNERATION TO THE ORGANIZATION, OR OTHERWISE DISCONTINUE THE ARRANGEMENT CAUSING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THIS ORGANIZATION IS AN AFFILIATE OF THE AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS ("THE INSTITUTES"). COMPENSATION ARRANGEMENTS INVOLVING ANY OF THE ORGANIZATION'S OFFICERS AND/OR KEY EMPLOYEES ARE ESTABLISHED BY THE INSTITUTES PURSUANT TO A PROCESS THAT SATISFIES THE REBUTTABLE PRESUMPTION PROCEDURE AVAILABLE FOR IRC SECTION 4958 EXCESS BENEFIT TRANSACTION TAX PURPOSES, WHICH REQUIRES A REVIEW OF COMPENSATION DETERMINATIONS BY DISINTERESTED PERSONS, USE OF APPROPRIATE COMPARABILITY DATA, AND CONTEMPORANEOUS DOCUMENTATION OF THE PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. THE INSTITUTES DESIGNATIONS 720 PROVIDENCE ROAD MALVERN PA 19355 882698861 EDUCATION DE 17353697 3070095 SOC OF CPCU AICPCU 720 PROVIDENCE ROAD MALVERN PA 19355 231352012 EDUCATION PA 501(C)(3) 10 NA false GRIFFITH INSURANCE EDUCATION FOUNDATION 720 PROVIDENCE ROAD MALVERN PA 19355 316052801 EDUC&SCHOLAR OH 501(C)(3) 10 AICPCU false The Institutes RiskStream Collaborative 720 PROVIDENCE ROAD MALVERN PA 19355 822367323 MEMBER ASSOC. DE 501(C)(6) N/A AICPCU false INTERNATIONAL INSURANCE SOCIETY INC 720 PROVIDENCE ROAD MALVERN PA 19355 310749196 INSURANCE ED. DE 501(C)(3) 10 AICPCU false THE PACIFIC INSURANCE CONFERENCE LTD 18 CHATER ROAD CENTRAL HONG KONG HK EDUCATION HK AICPCU false INSURANCE INFORMATION INSTITUTE INC 720 PROVIDENCE ROAD MALVERN PA 19355 131912455 INSURANCE ED. NY 501(C)(6) N/A AICPCU false CATASTROPHE RESILIENCY COUNCIL 720 PROVIDENCE ROAD MALVERN PA 19355 871626866 INSURANCE ED. DE 501(C)(6) N/A AICPCU false BLACK INSURANCE INDUSTRY COLLECTIVE 720 PROVIDENCE ROAD MALVERN PA 19355 881174446 MEMBER ASSOC. DE 501(C)(6) N/A AICPCU false INSURANCE ACCOUNTING AND SYSTEMS ASSOC 720 PROVIDENCE ROAD MALVERN PA 19355 561526114 EDUCATION NC 501(C)(3) 10 AICPCU false RISK KNOWLEDGE GROUP 720 PROVIDENCE ROAD MALVERN PA 19355 844678397 EDUCATION DE AICPCU C CORP false IIS LONDON LTD THE ST BOTOLPH BUILDING HOUNDSDITCH LONDON UK EC3A 7AR EDUCATIONAL UK IIS C CORP false IIS GLOBAL INSURANCE LTD 9 TEMASEK BOULEVARD SUNTEC TOWER TWO SN 038989 EDUCATIONAL SN IIS C CORP false RISKSTREAM GLOBAL INITIATIVES 720 PROVIDENCE ROAD SUITE 100 MALVERN PA 19355 844685676 INSURANCE DE AICPCU C CORP false RISKSTREAM LABS 720 PROVIDENCE ROAD SUITE 100 MALVERN PA 19355 844706483 INSURANCE DE AICPCU C CORP false TI TRAVEL INC 720 PROVIDENCE ROAD SUITE 100 MALVERN PA 19355 844623544 INSURANCE DE AICPCU C CORP false false false false false false false false false false false false false false false false false false true false