Nonprofit · EIN 13-2940919
ACORD CORPORATION
Tax-exempt · LITTLE FALLS, NJ 07424
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $35,623,774 | $14,787,390 | $20,836,384 | $113,372,518 | $57,888,739 | $55,483,779 |
| December 31, 2023 | 990 | $30,932,486 | $13,726,617 | $17,205,869 | $80,120,531 | $37,546,049 | $42,574,482 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $34,350,490
- Investment income
- $1,273,284
- Net gain from sales of assets
- $5,034
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,213
- Compensation of officers, directors and key employees
- $5,119,849
- Other salaries and wages
- $1,500,474
- Salaries, compensation and benefits (total)
- $8,864,820
- Professional fundraising fees
- $0
- Legal fees
- $250,334
- Accounting fees
- $140,009
- Occupancy
- $221,097
- Travel
- $344,359
- Depreciation
- $522,874
Balance sheet and other
- Total assets, start of year
- $80,120,531
- Total assets, end of year
- $113,372,518
- Total liabilities, end of year
- $57,888,739
- Net assets, end of year
- $55,483,779
- Land, buildings and equipment
- $126,958
- Publicly traded securities
- $38,855,817
- Net assets without donor restrictions
- $55,483,779
- Gross receipts
- $51,020,709
- Employees
- 48
- Volunteers
- 22
- Year formed
- 1978
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM PIERONI | PRESIDENT & CEO Trustee or director, Officer | 40 | $2,818,061 | $114,768 |
| TANYA J KROCHTA | COO Officer | 40 | $630,292 | $118,183 |
| MARIA LOURDES SORIANO SVP | EDUCATION, CONSULTING & ADVOCACY Key employee | 40 | $336,183 | $81,577 |
| DAVID STERNER | SVP, RESEARCH & DEVELOPMENT Key employee | 40 | $294,964 | $67,850 |
| MICHAEL DI STEPHAN | SVP GOVERNMENT AFFAIRS & GEN. COUNSEL Highest-paid employee | 40 | $239,191 | $85,031 |
| LISA PLUNKETT | SVP OF FINANCE & OPERATIONS Key employee | 40 | $221,704 | $96,135 |
| ANDREW J ZUCKERMAN SVP | GOVT. AFFAIRS THRU 02/29/2024 Key employee | 40 | $262,194 | $55,452 |
| SEAN STEWART | VP COMMUNICATIONS Highest-paid employee | 40 | $213,844 | $92,601 |
| KAREN MOTTLEY | BUSINESS ARCHITECT, L&A Highest-paid employee | 40 | $152,465 | $62,774 |
| YOLANDA AUSTIN | SENIOR DIRECTOR, L&A Highest-paid employee | 40 | $156,504 | $51,411 |
| RICHARD FLYNN | VP COMMUNICATIONS Highest-paid employee | 40 | $167,015 | $37,456 |
| ROBERT KELLY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN TOBIN | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| COLLEEN BATMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIRK BEHRENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLYDE BERNSTEIN | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD BRAME | DIRECTOR Trustee or director | 1 | $0 |
| BILL DEVINE | DIRECTOR THRU 03/27/2024 Trustee or director | 1 | $0 |
| IAN HAYCOCK | DIRECTOR THRU 01/19/2024 Trustee or director | 1 | $0 |
| BOB JAMES | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL JONES | DIRECTOR Trustee or director | 1 | $0 |
| JOHN KELLINGTON | DIRECTOR Trustee or director | 1 | $0 |
| MARK KNIPFER | DIRECTOR THRU 01/19/2024 Trustee or director | 1 | $0 |
| VENKAT KRISHNAMOORTHY | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER KYUNG | DIRECTOR Trustee or director | 1 | $0 |
| PAUL LEHMANN | DIRECTOR Trustee or director | 1 | $0 |
| DAVE MATCHAM FCII | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK MOLINEUX | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT RUSBULDT | DIRECTOR THRU 01/19/2024 Trustee or director | 1 | $0 |
| DR CHRISTIAN SCHAFFER | DIRECTOR Trustee or director | 1 | $0 |
| DR RALF SCHNEIDER | DIRECTOR THRU 01/19/2024 Trustee or director | 1 | $0 |
| CHARLES SYMINGTON | DIRECTOR Trustee or director | 1 | $0 |
| ABEL TRAVIS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM PIERONI | PRESIDENT & CEO Trustee or director, Officer | 40 | $2,699,397 | $289,426 |
| TANYA J KROCHTA EXECUTIVE | EVP & CHIEF ADMINISTRATIVE Officer | 40 | $548,044 | $69,980 |
| ANDREW J ZUCKERMAN SVP | GOVERNMENT AFFAIRS & GENERAL COUNSEL Key employee | 40 | $282,769 | $67,112 |
| MARIA LOURDES SORIANO | SVP, GLOBAL CHIEF MEMBERSHIP OFFICER Key employee | 40 | $292,304 | $46,056 |
| DAVID STERNER | VP, RESEARCH & DEVELOPMENT Key employee | 40 | $236,894 | $50,936 |
| SEAN STEWART | VP COMMUNICATIONS Highest-paid employee | 40 | $191,179 | $61,358 |
| LISA PLUNKETT | VP OF FINANCE & OPERATIONS Key employee | 40 | $190,670 | $55,624 |
| DEBRA SAHLER | SENIOR DIRECTOR, COMPLIANCE Highest-paid employee | 40 | $146,206 | $61,108 |
| MANREEN KAUR | DIRECTOR P&C Highest-paid employee | 40 | $161,797 | $43,442 |
| KAREN MOTTLEY | SENIOR DIRECTOR, LIFE & ANNUITY Highest-paid employee | 40 | $148,326 | $43,981 |
| RICHARD FLYNN | VP COMMUNICATIONS Highest-paid employee | 40 | $153,649 | $25,777 |
| ROBERT KELLY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN TOBIN | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| COLLEEN BATMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD BRAME | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REBECCA BUNYAN | DIRECTOR, THRU 02/01/23 Trustee or director | 1 | $0 | $0 |
| BILL DEVINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| IAN HAYCOCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOB JAMES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN KELLINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK KNIPFER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VENKAT KRISHNAMOORTHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER KYUNG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE LUNDIN | DIRECTOR, THRU 01/20/23 Trustee or director | 1 | $0 | $0 |
| DAVE MATCHAM FCII | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK MOLINEUX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT RUSBULDT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR CHRISTIAN SCHAFFER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR RALF SCHNEIDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VLAD YEKELCHIK | DIRECTOR, THRU 01/20/23 Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 150 CLOVE RD STE 11, LITTLE FALLS, NJ 07424-2140
- Principal officer (990 for 2024)
- WILLIAM PIERONI, 150 CLOVE ROAD 11TH FLOOR, LITTLE FALLS, NJ 07424
- Signed the 990
- TANYA KROCHTA, EVP & CHIEF ADMIN. OFFICER
- Phone
- (845) 620-1700
- Website
- WWW.ACORD.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
THE ASSOCIATION FOR COOPERATIVE OPERATIONS RESEARCH AND DEVELOPMENT ("ACORD") IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO PROMOTE THE INTERESTS OF AND IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF ALL TRADING PARTNERS WITHIN THE VARIOUS SEGMENTS OF THE INSURANCE AND PROMOTING THE INTERESTS OF AND IMPROVING THE EFFICIENCY AND EFFECTIVENESS OF ALL TRADING PARTNERS WITHIN THE VARIOUS SEGMENTS OF THE INSURANCE AND RELATED FINANCIAL SERVICES INDUSTRIES BY DEVELOPING STANDARDS, SPECIFICATIONS, AND RELATED IMPLEMENTATIONS TOOLS FOR THE ELECTRONIC EXCHANGE OF INFORMATION AND OTHER INFORMATION PROCESSING. ACORD ALSO SERVES THE PUBLIC INTEREST AND THE INTERESTS OF CONSUMERS OF INSURANCE AND RELATED FINANCIAL SERVICES THROUGH ANALYSIS, EDUCATION, STANDARDS SETTING AND RESEARCH & DEVELOPMENT ACTIVITIES CONCERNING THE ELECTRONIC EXCHANGE OF INFORMATION AND OTHER INFORMATION PROCESSING.
Program accomplishments
- PROMOTING THE INTERESTS OF AND IMPROVING THE EFFICIENCY AND EFFECTIVENESS OF ALL TRADING PARTNERS WITHIN THE VARIOUS SEGMENTS OF THE INSURANCE AND RELATED FINANCIAL SERVICES INDUSTRIES BY DEVELOPING STANDARDS, SPECIFICATIONS, AND RELATED IMPLEMENTATIONS TOOLS FOR THE ELECTRONIC EXCHANGE OF INFORMATION AND OTHER INFORMATION PROCESSING. ACORD ALSO SERVES THE PUBLIC INTEREST AND THE INTERESTS OF CONSUMERS OF INSURANCE AND RELATED FINANCIAL SERVICES THROUGH ANALYSIS, EDUCATION, STANDARDS SETTING AND RESEARCH & DEVELOPMENT ACTIVITIES CONCERNING THE ELECTRONIC EXCHANGE OF INFORMATION AND OTHER INFORMATION PROCESSING.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-2940919
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $113,372,518
- Income (IRS master file)
- $51,020,709
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $35,623,774 | $14,787,390 | $113,372,518 | XML |
| 990 | December 2023 | $30,932,486 | $13,726,617 | $80,120,531 | XML |
| 990 | December 2022 | $29,187,677 | $12,623,352 | $57,024,681 | IRS |
| 990 | December 2021 | $27,875,680 | $12,089,448 | $47,591,189 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-2940919).
Questions about ACORD CORPORATION
- What is the EIN of ACORD CORPORATION?
- The employer identification number (EIN) of ACORD CORPORATION is 13-2940919.
- Is ACORD CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1979.
- Are donations to ACORD CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ACORD CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ACORD CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACORD CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ACORD CORPORATION?
- The 990 for the year ended December 31, 2024 names WILLIAM PIERONI.
- Who are the officers and directors of ACORD CORPORATION?
- The 990 for the year ended December 31, 2024 lists 33 people; 11 received compensation from the organization, the highest $2,818,061 (WILLIAM PIERONI, PRESIDENT & CEO).
- How much revenue does ACORD CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $35,623,774, expenses of $14,787,390 and total assets of $113,372,518 at year end.
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