2024-11-12T18:37:10-06:00 2023-12-31 742859143 CALHOUN THOMSON MATZA LLP PO BOX 30044 AUSTIN TX 78755 990 2023-01-01 742255697 THE ACADEMY OF PRODUCER INS STUDIES INC ACAD 5123467050 3630 NORTH HILLS DR AUSTIN TX 78731 WILLIAM J HOLD PRESIDENT 5123496103 2024-11-09 1 0 KELLY HOGGARD MENDOZA P00233891 5124398400 2024-11-09 2023 2024-10-15 13:58:12Z WILLIAM J HOLD 3630 NORTH HILLS DR AUSTIN TX 78731 916208 0 X N/A X 1981 TX THE ACADEMY CONDUCTS RESEARCH IN ORDER TO RAISE AWARENESS, UNDERSTANDING, AND EFFECTIVENESS OF INSURANCE PRODUCERS AND RISK MANAGEMENT PRACTITIONERS. 12 12 106 0 0 0 670689 853069 51236 63139 0 0 0 0 721925 916208 0 0 0 0 9819548 10091627 0 0 0 -9173732 -9430678 645816 660949 76109 255259 3860054 3952870 1418983 1256539 2441071 2696331 THE ACADEMY CONDUCTS RESEARCH IN ORDER TO RAISE AWARENESS, UNDERSTANDING, AND EFFECTIVENESS OF INSURANCE PRODUCERS AND RISK MANAGEMENT PRACTITIONERS. 0 0 15176 63139 INSURANCE INDUSTRY RESEARCH PUBLICATION SALES 15176 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 106 1 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 1 1 1 1 1 0 0 0 0 0 1 1 1 0 TX X MICHELLE D HAYNES 5123496103 3630 NORTH HILLS DR AUSTIN TX 78731 WILLIAM T HOLD EXECUTIVE CHAIRMAN 5.00 X X 326448 0 14603 WILLIAM J HOLD MBA CRM CISR CHIEF EXECUTIVE OFFICER/PR 5.00 X X 545414 0 14850 MITCH DUNFORD CHIEF MARKETING OFFICER 5.00 X X 280304 0 6750 ALEX LEKHAJ CHIEF OPERATING OFFICER 5.00 X X 278717 0 12504 DANIELLE D JANECKA CHIEF EXPERIENCE OFFICER 5.00 X X 278717 0 12504 CRISTINA PEDRAZA-MARTINEZ JD CPA IMMEDIATE PAST CHAIRMAN 5.00 X 0 0 0 EDUARD J PULKSTENIS CIC CPCU FCAS CHAIRMAN 5.00 X 0 0 0 DARRYL COLEMAN VICE CHAIRMAN 5.00 X 0 0 0 DIANE C MASTERSON CIC CPCU MEMBER AT LARGE 5.00 X 0 0 0 CAMERON ALFORD UACRM ARM BOARD MEMBER 5.00 X 0 0 0 JILL M BISCO PHD CIC CRMCPRM C BOARD MEMBER 5.00 X 0 0 0 ALIVIA COOPER MS CIC CRM BOARD MEMBER 5.00 X 0 0 0 WILLIAM T HOLD PHD CIC CPCU CL BOARD MEMBER 5.00 X 0 0 0 PAMELA B KUSMA CIC BOARD MEMBER 5.00 X 0 0 0 RICHARD L MCCATHRON CIC CPCU BOARD MEMBER 5.00 X 0 0 0 DAVID MEDVIDOFSKY CICCRM CPCU ARM BOARD MEMBER 5.00 X 0 0 0 PETER VAN AARTRIJK CIC MEMBER AT LARGE 5.00 X 0 0 0 BETTIE J DUFF SECRETARY 5.00 X 121759 0 5446 MICHELLE D HAYNES CPA TREASURER 5.00 X 130946 0 5848 1962305 0 72505 7 0 1 0 0 691966 161103 853069 RESEARCH PROJ. SALES 900099 63139 63139 63139 916208 63139 0 0 8008908 8008908 227642 227642 1056335 1056335 798742 798742 9750 9750 731 731 12527 12527 6750 6750 14103 14103 RESEARCH AND RELATED CO 15176 15176 PRINTING 1912 1912 CIC MANAGEMENT FEES -9491627 -9491627 660949 15176 645773 0 49 0 56765 118562 43867 39488 8070 8070 0 0 3759373 3794820 3860054 3952870 981228 846810 435648 376202 2107 33527 1418983 1256539 X 2441071 2696331 2441071 2696331 3860054 3952870 X 255259 1 X X 1 X 0 1 0 X 355297 596160 734096 670689 853069 3209311 355297 596160 734096 670689 853069 3209311 3209311 77736 41938 76886 51236 63139 310935 3520246 0.91170 0.88500 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PROGRAM SERVICE REVENUES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27136 3818 23318 27136 27136 27136 27136 26317 820 27136 26107 649 440 26317 0.05000 0.95000 0 1 1 8070 8070 0 0 DUE FROM AFFILIATES 3794820 3794820 DUE TO I/C 101 SCHOLARSHIPS PAYABLES 33426 33527 X PART V, LINE 4: $25,000 CONTRIBUTION TO REMAIN AS PERMANENT ENDOWMENT TO BE INVESTED AND EARNINGS ONLY TO BE USED FOR SCHOLARSHIPS FOR FIRST TIME CIC AND CISR APPLICANTS SEEKING CIC OR CISR DESIGNATION. THE QUALIFYING AREAS FOR RECIPIENTS ARE IN THIS PRIORITY ORDER AS FOLLOWS: 1) EMPLOYEES OF BXS INSURANCE- ARKANSAS OPERATION 2) EMPLOYEES OF BXS INSURANCE IN ALL STATES IN WHICH IT OPERATES 3) SPECIAL NEEDS CASES WHEREVER THEY MAY EXIST. PART X, LINE 2: FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ("FIN 48") CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS IN ACCORDANCE WITH FASB ASC 740. FIN 48 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FIN 48 REQUIRES THAT A COMPANY RECOGNIZE IN ITS FINANCIAL STATEMENTS THE IMPACT OF TAX POSITIONS THAT MEET A "MORE LIKELY THAN NOT" THRESHOLD, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION SHOULD BE BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN FIFTY PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE COMPANY BELIEVES ALL OF ITS TAX POSITIONS TO BE HIGHLY CERTAIN. THERE WAS NO CUMULATIVE EFFECT ADJUSTMENT TO THE OPENING BALANCE OF NET ASSETS ARISING AS A RESULT OF THE ADOPTION OF FIN 48 AND NO ADJUSTMENTS WERE MADE TO OTHER COMPONENTS OF UNRESTRICTED NET ASSETS IN THE COMBINED STATEMENTS OF FINANCIAL POSITION. 1 PART I, LINE 2: THE ACADEMY OF PRODUCER INSURANCE STUDIES, INC. RECEIVES GRANTS FROM OUTSIDE ORGANIZATIONS FOR ITS EMERGING TALENT PARTNERS PROGRAM WITH FUNDS TO BE USED TO PROVIDE SCHOLARSHIPS AND FINANCIAL ASSISTANCE FOR EDUCATIONAL PROGRAMS SUCH AS THE CISR HIGH SCHOOL PROGRAM AS WELL AS SUPPORT FOR OUTREACH AND GROWTH OF THE PROGRAM. THE ACADEMY SUPPORTS INSURANCE AND RISK MANAGEMENT INDUSTRY RESEARCH THROUGH ITS RESEARCH GRANT PROGRAM AND STUDENT GRANT PROGRAM. THE MAXIMUM AMOUNT AWARDED FOR RESEARCH GRANTS IS $5,000 AND FOR STUDENT RESERCH GRANTS $2,500. X X 0 1 0 0 0 0 0 0 0 WILLIAM J HOLD MBA CRM CISR CHIEF EXECUTIVE OFFICER/PR 350000 0 195414 0 0 0 0 0 14850 0 560264 0 0 0 WILLIAM T HOLD EXECUTIVE CHAIRMAN 320950 0 5498 0 0 0 0 0 14603 0 341051 0 0 0 ALEX LEKHAJ CHIEF OPERATING OFFICER 178269 0 100448 0 0 0 0 0 12504 0 291221 0 0 0 DANIELLE D JANECKA CHIEF EXPERIENCE OFFICER 178269 0 100448 0 0 0 0 0 12504 0 291221 0 0 0 MITCH DUNFORD CHIEF MARKETING OFFICER 178269 0 102035 0 0 0 0 0 6750 0 287054 0 0 0 PART I, LINE 3 ACCRUED DEFERRED COMPENSATION FOR C SUITE $101,603 WILLIAM J. HOLD $40,141 ALEX LEKHRAJ $20,821 MITCH DUNFORD $20,821 DANIELLE JANECKA $19,820 CISR IC RECEIVABLE RECEIVABLE FROM RELATED PARTY X 1302199 0 0 0 CIC IC RECEIVABLE RECEIVABLE FROM RELATED PARTY X 2492620 0 0 0 3794819 FORM 990, PART VI, SECTION A, LINE 2 WILLIAM J. HOLD, CEO/PRESIDENT OF THE ACADEMY IS SON OF EXECUTIVE CHAIRMAN, WILLIAM T. HOLD FORM 990, PART VI, SECTION A, LINE 6 THE ACADEMY HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF GOVERNING BODY: BOARD OF GOVERNORS VOTES ON NOMINEES TO FILL EXPIRING BOARD POSITIONS, THEN MEMBERS VOTE AT ANNUAL MEMBERS MEETING WHETHER TO ELECT NOMINEES PRESENTED BY BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7B GOVERNING BODY SUBJECT TO APPROVAL: OFFICERS MAKE DECISIONS REGARDING OPERATIONS WITH GUIDANCE FROM BOARD OF DIRECTORS. BOARD OF DIRECTORS RATIFY ACTIONS OF OFFICERS. MEMBERS APPROVE ELECTION OF BOARD OF DIRECTORS AT ANNUAL MEMBERS MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS REVIEWED BY THE CONTROLLER AND THE PRESIDENT/CEO OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF CEO IS DETERMINED AND APPROVED BY THE BOARD OF GOVERNORS THROUGH EMPLOYMENT CONTRACT COMPENSATION OF ALL EMPLOYEES IS DETERMINED AND APPROVED BY C SUITE FORM 990, PART VI, SECTION C, LINE 18 TAX RETURNS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING 1. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE TO THE PROCESS FROM PRIOR YEARS. SOCIETY OF CERTIFIED INSURANCE SERVICE REPRESENTATIVES INC 3630 NORTH HILLS DR AUSTIN TX 78731 742493055 EDUCATION TX 501(C)(6) N/A 0 SOCIETY OF CERTIFIED INSURANCE COUNSELORS 3630 NORTH HILLS DR AUSTIN TX 78731 741785679 EDUCATION TX 501(C)(6) N/A 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 IC REC-SOCIETY OF CERTIFIED INSURANCE SERVICE REPRESENTATIVES INC D 1302199 FMV SOCIETY OF CERTIFIED INSURANCE COUNSELORS INC O INCLUDED IN <M> ABOVE SOCIETY OF CERTIFIED INSURANCE COUNSELORS INC N INCLUDED IN <M> ABOVE SOCIETY OF CERTIFIED INSURANCE COUNSELORS INC M -9491628 FMV IC REC-SOCIETY OF CERTIFIED INSURANCE COUNSELORS INC D -1266753 FMV IC PAYABLE-SOCIETY OF CERTIFIED INSURANCE SERVICE REPRESENTATIVES E -2006 FMV