Nonprofit · EIN 23-1352012
AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS
Tax-exempt · MALVERN, PA 19355
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $102,923,855 | $85,968,787 | $16,955,068 | $336,205,351 | $32,780,265 | $303,425,086 |
| December 31, 2023 | 990 | $95,039,394 | $81,752,909 | $13,286,485 | $321,291,149 | $40,673,318 | $280,617,831 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,401,732
- Membership dues
- $1,382,032
- Program service revenue
- $36,259,789
- Investment income
- $12,883,496
- Royalties
- $6,487,867
- Net gain from sales of assets
- $6,214,093
- Other revenue
- $52,378,838
Expenses
- Grants and similar amounts paid
- $255,500
- Compensation of officers, directors and key employees
- $5,638,838
- Other salaries and wages
- $29,016,545
- Salaries, compensation and benefits (total)
- $42,997,579
- Professional fundraising fees
- $0
- Legal fees
- $1,254,640
- Accounting fees
- $521,943
- Occupancy
- $1,346,973
- Travel
- $1,055,685
- Depreciation
- $10,178,359
- Program services (functional)
- $68,983,520
- Management and general (functional)
- $16,985,267
Balance sheet and other
- Total assets, start of year
- $321,291,149
- Total assets, end of year
- $336,205,351
- Total liabilities, end of year
- $32,780,265
- Net assets, end of year
- $303,425,086
- Land, buildings and equipment
- $52,748,531
- Publicly traded securities
- $140,168,955
- Net assets without donor restrictions
- $303,260,176
- Net assets with donor restrictions
- $164,910
- Gross unrelated business income
- $8,252,778
- Gross receipts
- $215,896,732
- Employees
- 306
- Year formed
- 1942
- State of legal domicile
- PA
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 |
|---|---|---|---|---|
| PETER L MILLER | PRESIDENT/CEO Trustee or director, Officer | 45 | $2,965,200 | $244,092 |
| KATHERINE HOROWITZ | EXEC. VP & HEAD OF BUS. UNITS Officer | 45 | $1,005,941 | $64,978 |
| SEAN KEVELIGHAN | CEO TRIPLE I Highest-paid employee | 0 | $810,163 | $62,325 |
| MATTHEW KAHN | PRESIDENT OF RISK & INSURANCE Highest-paid employee | 0 | $676,159 | $56,820 |
| ROBERT HARACZ | SVP AND CIO Key employee | 45 | $534,329 | $71,524 |
| JEFFREY A SCHEIDT | TREASURER Officer | 45 | $533,367 | $69,178 |
| SPENSER VILLWOCK | PRESIDENT OF CPCU SOCIETY Highest-paid employee | 0 | $415,255 | $56,602 |
| CHRISTOPHER MCDANIEL | PRESIDENT OF CRC Highest-paid employee | 0 | $391,484 | $61,519 |
| HUNTER FAUSNACHT | PRESIDENT - AGENT & BROKER Highest-paid employee | 45 | $397,704 | $37,387 |
| JOHN M HOWARD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| W ROBERT BERKLEY JR | CHAIR Trustee or director | 2 | $0 | $0 |
| THOMAS B AHART | TRUSTEE Trustee or director | 2 | $0 | $0 |
| J PATRICK GALLAGHER JR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KIRT A WALKER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARITA ZURAITIS | TRUSTEE Trustee or director | 2 | $0 | $0 |
45 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NORMAN A BAGLINI | TRUSTEE Trustee or director | 2 | $0 |
| ROBERT JAMES | TRUSTEE Trustee or director | 2 | $0 |
| MARKHAM R MCKNIGHT | TRUSTEE Trustee or director | 2 | $0 |
| DAVID A NORTH | TRUSTEE Trustee or director | 2 | $0 |
| EDWARD J LARGENT III | TRUSTEE Trustee or director | 2 | $0 |
| KEVIN J O'DONNELL | TRUSTEE Trustee or director | 2 | $0 |
| MARK C RUSSELL | TRUSTEE Trustee or director | 2 | $0 |
| DINO E ROBUSTO | TRUSTEE Trustee or director | 2 | $0 |
| JOAN LAMM-TENNANT | TRUSTEE Trustee or director | 2 | $0 |
| JOHN C ROCHE | VICE CHAIR Trustee or director | 2 | $0 |
| THERESE M VAUGHAN | TRUSTEE Trustee or director | 2 | $0 |
| GREIG WOODRING | TRUSTEE Trustee or director | 2 | $0 |
| PATRICK F KEEGAN JR | TRUSTEE Trustee or director | 2 | $0 |
| JOHN K SMITH | TRUSTEE Trustee or director | 2 | $0 |
| JUAN C ANDRADE | TRUSTEE Trustee or director | 2 | $0 |
| SUSAN RIVERA | TRUSTEE Trustee or director | 2 | $0 |
| DOREEN D CRAWLEY | TRUSTEE Trustee or director | 2 | $0 |
| RICHARD P CREEDON | TRUSTEE Trustee or director | 2 | $0 |
| MELISSA BURT DEVRIESE | TRUSTEE Trustee or director | 2 | $0 |
| SCOTT R JEAN | TRUSTEE Trustee or director | 2 | $0 |
| THOMAS J OBROKTA JR | TRUSTEE Trustee or director | 2 | $0 |
| J POWELL BROWN | TRUSTEE Trustee or director | 2 | $0 |
| CARL HESS | TRUSTEE Trustee or director | 2 | $0 |
| JOHN J MARCHIONI | TRUSTEE Trustee or director | 2 | $0 |
| KARA RAIGUEL | TRUSTEE Trustee or director | 2 | $0 |
| LEONID RASIN | TRUSTEE Trustee or director | 2 | $0 |
| ERIC ANDERSEN | TRUSTEE (BEG. JUNE) Trustee or director | 2 | $0 |
| FREDERICK EDMOND | TRUSTEE Trustee or director | 2 | $0 |
| AXEL FREIBOTH | TRUSTEE Trustee or director | 2 | $0 |
| CRAIG KLIETHERMES | TRUSTEE Trustee or director | 2 | $0 |
| DEAN KLISURA | TRUSTEE Trustee or director | 2 | $0 |
| SCOTT PURVIANCE | TRUSTEE Trustee or director | 2 | $0 |
| RAUL VARGAS | TRUSTEE Trustee or director | 2 | $0 |
| ROHIT VERMA | TRUSTEE Trustee or director | 2 | $0 |
| TRACI ADEDEJI | TRUSTEE (BEG. JAN) Trustee or director | 2 | $0 |
| MICHAEL KERNER | TRUSTEE Trustee or director | 2 | $0 |
| TREVOR BALDWIN | TRUSTEE (BEG. JUNE) Trustee or director | 2 | $0 |
| RICHARD G MILLS JR | TRUSTEE (BEG. JUNE) Trustee or director | 2 | $0 |
| MONICA NINGEN | TRUSTEE (BEG. JUNE) Trustee or director | 2 | $0 |
| JAMES SHEA | TRUSTEE (BEG. JUNE) Trustee or director | 2 | $0 |
| A MORRIS TOOKER | TRUSTEE (BEG. JUNE) Trustee or director | 2 | $0 |
| TODD JONES | TRUSTEE (END. JUNE) Trustee or director | 2 | $0 |
| ANTHONY KUCZINSKI | TRUSTEE (END. JUNE) Trustee or director | 2 | $0 |
| WAYNE PEACOCK | TRUSTEE (END. JUNE) Trustee or director | 2 | $0 |
| CHRIS SCHELL | TRUSTEE (END. JUNE) Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 63 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER L MILLER | PRESIDENT/CEO Trustee or director, Officer | 45 | $2,216,772 | $220,597 |
| KATHERINE HOROWITZ | EXEC. VP & HEAD OF BUS. UNITS Officer | 45 | $930,813 | $62,870 |
| SEAN KEVELIGHAN | CEO TRIPLE I Highest-paid employee | 0 | $770,464 | $59,587 |
| MATTHEW KAHN | PRESIDENT OF RISK & INSURANCE Highest-paid employee | 0 | $601,387 | $54,774 |
| ROBERT HARACZ | SVP AND CIO Key employee | 45 | $509,130 | $68,887 |
| JEFFREY A SCHEIDT | TREASURER Officer | 45 | $497,761 | $68,887 |
| CHRISTOPHER MCDANIEL | PRESIDENT OF CRC Highest-paid employee | 0 | $378,699 | $60,515 |
| SPENSER VILLWOCK | PRESIDENT OF CPCU SOCIETY Highest-paid employee | 0 | $366,238 | $52,076 |
| RONNA RUPPELT | CEO OF CLM AND CLAIMS PAGES Highest-paid employee | 0 | $363,111 | $44,739 |
| JOHN M HOWARD | CHAIR Trustee or director | 2 | $0 | $0 |
| W ROBERT BERKLEY JR | VICE CHAIR Trustee or director | 2 | $0 | $0 |
| JANICE M ABRAHAM | BOARD OF TRUSTEE (END. JUNE) Trustee or director | 2 | $0 | $0 |
| THOMAS B AHART | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| ANTHONY J KUCZINSKI | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| JEFFREY T BOWMAN | BOARD OF TRUSTEE (END. JUNE) Trustee or director | 2 | $0 | $0 |
| J PATRICK GALLAGHER JR | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| GEORGE A STEADMAN III | BOARD OF TRUSTEE (END. JUNE) Trustee or director | 2 | $0 | $0 |
| KIRT A WALKER | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARITA ZURAITIS | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| NORMAN A BAGLINI | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT JAMES | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARKHAM R MCKNIGHT | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID A NORTH | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| KAJ AHLMANN | BOARD OF TRUSTEE (END. JUNE) Trustee or director | 2 | $0 | $0 |
| EDWARD J LARGENT III | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| KEVIN J O'DONNELL | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARK C RUSSELL | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| TODD J JONES | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAUL J KRUMP | BOARD OF TRUSTEE (END. JUNE) Trustee or director | 2 | $0 | $0 |
| WAYNE PEACOCK | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| DINO E ROBUSTO | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOAN LAMM-TENNANT | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOHN C ROCHE | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| THERESE M VAUGHAN | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| GREIG WOODRING | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| PATRICK F KEEGAN JR | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOHN K SMITH | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| JEFFREY TAGSOLD | BOARD OF TRUSTEE (END. JUNE) Trustee or director | 2 | $0 | $0 |
| JUAN C ANDRADE | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| SUSAN RIVERA | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER SCHELL | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| DOREEN D CRAWLEY | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| RICHARD P CREEDON | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| MELISSA BURT DEVRIESE | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| SCOTT R JEAN | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| THOMAS J OBROKTA JR | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| KRISTOF TERRYN | BOARD OF TRUSTEE (END. JUNE) Trustee or director | 2 | $0 | $0 |
| KEITH WOLFE | BOARD OF TRUSTEE (END. JUNE) Trustee or director | 2 | $0 | $0 |
| J POWELL BROWN | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| CARL HESS | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOHN J MARCHIONI | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| KARA RAIGUEL | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| LEONID RASIN | BOARD OF TRUSTEE Trustee or director | 2 | $0 | $0 |
| THOMAS M TROY | BOARD OF TRUSTEE (END. JUNE) Trustee or director | 2 | $0 | $0 |
| BRETT CLAUSEN | BOARD OF TRUSTEE (BEG. JAN) Trustee or director | 2 | $0 | $0 |
| ERIC ANDERSEN | BOARD OF TRUSTEE (BEG. JUNE) Trustee or director | 2 | $0 | $0 |
| FREDERICK EDMOND | BOARD OF TRUSTEE (BEG. JUNE) Trustee or director | 2 | $0 | $0 |
| AXEL FREIBOTH | BOARD OF TRUSTEE (BEG. JUNE) Trustee or director | 2 | $0 | $0 |
| CRAIG KLIETHERMES | BOARD OF TRUSTEES (BEG. JUNE) Trustee or director | 2 | $0 | $0 |
| DEAN KLISURA | BOARD OF TRUSTEE (BEG. JUNE) Trustee or director | 2 | $0 | $0 |
| SCOTT PURVIANCE | BOARD OF TRUSTEE (BEG. JUNE) Trustee or director | 2 | $0 | $0 |
| RAUL VARGAS | BOARD OF TRUSTEE (BEG. JUNE) Trustee or director | 2 | $0 | $0 |
| ROHIT VERMA | BOARD OF TRUSTEE (BEG. JUNE) Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 720 PROVIDENCE RD STE 100, MALVERN, PA 19355-3449
- In care of
- % DOUG HYMAS
- Principal officer (990 for 2024)
- PETER L MILLER, 720 PROVIDENCE ROAD, MALVERN, PA 193550716
- Signed the 990
- PETER MILLER, PRESIDENT & CEO
- Phone
- (610) 644-2100
- Website
- www.theinstitutes.org
- Return prepared by
- PWC US TAX LLP
Mission
THE INSTITUTES PROVIDES EDUCATIONAL OFFERINGS TO THE PUBLIC REGARDING RISK MANAGEMENT AND INSURANCE.
Program accomplishments
- DEVELOPED, DELIVERED, AND PRODUCED EDUCATIONAL OFFERINGS INCLUDING COURSES, STUDY MATERIALS, WEBINARS CONTINUING EDUCATION, EXECUTIVE EDUCATION, AND OTHER KNOWLEDGE OFFERINGS RELATED TO RISK MANAGEMENT AND INSURANCE.Expenses $22,335,689 · revenue $31,059,195
- PROVIDED FINANCIAL AID, SCHOLARSHIPS, INFORMATION, EDUCATION, INTERNSHIPS, AND OTHER OPPORTUNITIES TO COLLEGE STUDENTS INTERESTED IN RISK MANAGEMENT AND INSURANCE.Expenses $466,490 · grants $255,500
- PUBLISH RESEARCH REPORTS ON KEY ISSUES REGARDING RISK MANAGEMENTExpenses $295,551 · revenue $564,205
- SHARED RESOURCE SERVICESExpenses $45,885,790 · revenue $42,274,582
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
- 23-1352012
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y200)
- Assets (IRS master file)
- $336,205,351
- Income (IRS master file)
- $215,896,732
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $102,923,855 | $85,968,787 | $336,205,351 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $95,039,394 | $81,752,909 | $321,291,149 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $82,291,206 | $75,482,456 | $296,110,479 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | 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 23-1352012).
Questions about AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS
- What is the EIN of AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS?
- The employer identification number (EIN) of AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS is 23-1352012.
- Is AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1943.
- Are donations to AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS 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 AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS 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 AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS 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 AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS?
- The 990 for the year ended December 31, 2024 names PETER L MILLER.
- Who are the officers and directors of AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS?
- The 990 for the year ended December 31, 2024 lists 60 people; 9 received compensation from the organization, the highest $2,965,200 (PETER L MILLER, PRESIDENT/CEO).
- How much revenue does AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $102,923,855, expenses of $85,968,787 and total assets of $336,205,351 at year end.
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