2023-09-21T08:54:07-05:00 2022-12-31 PWC US TAX LLP 2001 MARKET STREET SUITE 1800 PHILADELPHIA PA 19103 990 2022-01-01 822367323 THE INSTITUTES RISKSTREAM COLLABORATIVE INC % JEFFREY A SCHEIDT INST 6106442100 720 PROVIDENCE ROAD MALVERN PA 19355 JEFFREY A SCHEIDT TREASURER 6106442100 2023-09-18 true JEFFREY A SCHEIDT 999009999 Albert N Antonelli P01496650 2673303000 2023-09-13 2 2022 2023-04-26 12:10:37Z PETER L MILLER 720 PROVIDENCE ROAD MALVERN PA 19355 1626750 false X WWW.RISKSTREAM.ORG X 2017 DE TO ADVANCE BLOCKCHAIN TECHNOLOGIES AND TO REALIZE THE FULL POTENTIAL OF ITS CAPABILITIES FOR THE BENEFIT OF ITS MEMBERS AND THE RISK AND INSURANCE INDUSTRY. 5 1 0 22 0 0 0 1690300 1626750 0 0 0 0 1690300 1626750 0 0 0 0 0 0 0 0 0 9422560 9329526 9422560 9329526 -7732260 -7702776 21272776 18854720 49941350 55226070 -28668574 -36371350 TO ADVANCE BLOCKCHAIN TECHNOLOGIES AND TO REALIZE THE FULL POTENTIAL OF ITS CAPABILITIES FOR THE BENEFIT OF ITS MEMBERS AND THE RISK AND INSURANCE INDUSTRY. false false THE INSTITUTES RISKSTREAM COLLABORATIVE MEMBERSHIP IS COMPRISED OF OVER 30 INSTITUTIONAL MEMBERS INCLUDING INSURERS, AGENCIES, BROKERAGES, AND REINSURERS. MEMBERS HAVE A COMMON VISION AND GOALS OF BUILDING BLOCKCHAIN SOLUTIONS FOR MULTIPARTY BUSINESS PROCESS CHALLENGES LEVERAGING BLOCKCHAIN TECHNOLOGY. THE GOAL IS TO LOWER INDUSTRY TRANSACTION COSTS, IMPROVE CUSTOMER EXPERIENCE, AND INCREASE THE SPEED AND SECURITY OF DATA TRANSFERS AMONG INDUSTRY STAKEHOLDERS. false false false true false false false false false true false false false true 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 false true false false true 0 0 0 false false false false false false false false X 5 1 false false false false true true true true true false false true true true true true true false false false X X JEFFREY A SCHEIDT 6106442100 720 PROVIDENCE ROAD MALVERN PA 19355 PETER L MILLER PRESIDENT & CEO 2.0 51.0 X X 0 2444478 214918 KATHERINE E HOROWITZ SECRETARY 2.0 51.0 X X 0 762188 58285 JEFFREY A SCHEIDT TREASURER 2.0 51.0 X X 0 448924 65035 CHRISTOPHER MCDANIEL DIRECTOR 2.0 51.0 X 0 381171 55768 JONATHAN KALMAN DIRECTOR 2.0 0.0 X 0 0 0 0 4036761 394006 0 false true false AICPCU 720 PROVIDENCE ROAD MALVERN PA 19355 SHARED RESOURCES 4691322 1 0 MEMBERSHIP DUES 900099 1626750 1626750 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1626750 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2306797 2306797 0 2328830 2328830 0 SHARED RESOURCE SERVICES 4691322 4691322 EDUCATIONAL RELATED 2577 2577 9329526 9329526 95560 6334 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 27846882 8998496 21177216 18848386 0 0 0 0 0 0 0 0 0 0 21272776 18854720 0 0 0 0 135250 283750 0 0 0 0 0 0 0 0 0 0 49806100 54942320 49941350 55226070 X -28668574 -36371350 0 0 -28668574 -36371350 21272776 18854720 -7702776 X false true X true false false true false 27846882 8998496 18848386 18848386 0 NOTE DUE TO THE INSTITUTES 48230616 ACCRUED INTEREST ON NOTE 6711704 54942320 false true false PETER L MILLER PRESIDENT & CEO 0 1032785 903120 508573 198800 16118 0 2659396 JEFFREY A SCHEIDT TREASURER 0 341548 105000 2376 48800 16235 0 513959 KATHERINE E HOROWITZ SECRETARY 0 474647 280000 7541 43300 14985 0 820473 CHRISTOPHER MCDANIEL DIRECTOR 0 320123 59500 1548 39650 16118 0 436939 FORM 990, 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. FORM 990, 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 2022 AND THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II. ADDITIONALLY, MR. MILLER RECEIVED A DISTRIBUTION FROM THE PLAN IN THE AMOUNT OF $506,197, WHICH REPRESENTS THE AMOUNT THAT BECAME VESTED IN 2022. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). FORM 990, PART VI, SECTION A, LINE 1A EFFECTIVE JULY 25, 2017, THE AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS ("THE INSTITUTES") AND THE INSTITUTES RISKSTREAM COLLABORATIVE, INC. ENTERED INTO AN AFFILIATION AGREEMENT AND A SHARED RESOURCES AGREEMENT ("SRA"). THE INSTITUTES PROVIDES MANAGEMENT AND ADMINISTRATIVE SERVICES TO THE INSTITUTES RISKSTREAM COLLABORATIVE IN ACCORDANCE WITH WRITTEN BYLAWS, OPERATING GUIDELINES AND PROCEDURES, BUDGET, AND PROVIDES CERTAIN SERVICES AS PRESCRIBED BY THE SRA. FORM 990, PART VI, SECTION A, LINE 6 THE INSTITUTES RISKSTREAM COLLABORATIVE MEMBERSHIP IS COMPRISED OF NATIONAL AND INTERNATIONAL INSURERS, AGENCIES, BROKERAGES, AND REINSURERS. MEMBERS SHARE A COMMON VISION AND GOALS OF BUILDING BLOCKCHAIN SOLUTIONS THAT WILL LOWER INDUSTRY TRANSACTION COSTS, IMPROVE THE CUSTOMER EXPERIENCE, AND INCREASE THE SPEED AND SECURITY OF DATA TRANSFERS AMONG INDUSTRY STAKEHOLDERS. FORM 990, PART VI, SECTION A, LINES 7A AND 7B THE INSTITUTES RISKSTREAM COLLABORATIVE'S INSTITUTIONAL MEMBER, THE AMERICAN INSTITUTE FOR CPCU, APPOINTS THE DIRECTORS OF THE RISKSTREAM COLLABORATIVE 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 FOR APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION C, 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 C, 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. AICPCU 720 PROVIDENCE RD MALVERN PA 19355 231352012 EDUCATION PA 501(C)(3) 10 NA false GRIFFITH INSURANCE EDUCATION FOUNDATION 720 PROVIDENCE RD MALVERN PA 19355 316052801 EDUC&SCHOLAR OH 501(C)(3) 10 AICPCU false SOCIETY OF CPCU 720 PROVIDENCE RD MALVERN PA 19355 231552247 MEMBER ASSOC. PA 501(C)(6) N/A AICPCU false INTERNATIONAL INSURANCE SOCIETY INC 101 ASTOR PLACE SUITE 202 NEW YORK NY 10003 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 110 William Street New York NY 10038 131912455 INSURANCE ED. NY 501(C)(6) N/A AICPCU false CATASTROPHE RESILIENCY COUNCIL 720 PROVIDENCE ROAD MALVERN PA 19355 871626866 MEMBER ASSOC. 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 RISK KNOWLEDGE GROUP 720 PROVIDENCE ROAD MALVERN PA 19355 844623544 EDUCATION DE AICPCU C CORP false IIS LONDON LTD THE ST BOTOLPH BUILDING HOUNDSDITCH 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