2023-11-14T16:18:47-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2022-01-01 362138427 MILLION DOLLAR ROUND TABLE MILL 8476926378 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 STEPHEN P STAHR CEO 8476926378 2023-11-13 1 STEPHEN STAHR 999009999 1 MELISSA STRUCK P01310867 6305738600 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHEN P STAHR 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 101847383 0 X WWW.MDRT.ORG X 1969 IL THE MISSION OF THE MILLION DOLLAR ROUND TABLE (MDRT) IS TO BE A VALUED MEMBER-DRIVEN GLOBAL NETWORK OF LEADING INSURANCE AND INVESTMENT FINANCIAL SERVICE PROFESSIONALS WHO SERVE THEIR CLIENTS BY EXEMPLARY PERFORMANCE AND THE HIGHEST STANDARD OF ETHICS, KNOWLEDGE, SERVICE, AND PRODUCTIVITY. 5 0 141 1944 0 0 0 0 57935801 60993536 18930272 -29864 630726 637247 77496799 61600919 870332 338228 0 0 17855596 18257816 0 0 0 34751457 47398540 53477385 65994584 24019414 -4393665 156791326 137371099 24421831 17879652 132369495 119491447 TO BE A VALUED MEMBER-DRIVEN GLOBAL NETWORK OF LEADING INSURANCE AND INVESTMENT FINANCIAL SERVICE PROFESSIONALS WHO SERVE THEIR CLIENTS BY EXEMPLARY PERFORMANCE AND THE HIGHEST STANDARD OF ETHICS, KNOWLEDGE, SERVICE, AND PRODUCTIVITY. 0 0 MDRT HOSTS MEETINGS PROGRAMMED WITH EDUCATIONAL AND MOTIVATIONAL CONTENT DESIGNED TO BENEFIT THE CAREERS OF INSURANCE AND FINANCIAL SERVICES PROFESSIONALS. DURING 2022, MDRT RESUMED ON SITE EVENTS TO ENGAGE AUDIENCES. THESE MEETINGS WERE ATTENDED BY OVER 10,000 INSURANCE AND FINANCIAL SERVICES PROFESSIONALS. MDRT PUBLISHES A BI-MONTHLY PERIODICAL THAT CONCENTRATES ON TRENDS AND OPPORTUNITIES SPECIFIC TO THE FINANCIAL SERVICES PROFESSION. MDRT PROVIDES DIGITAL CONTENT THAT IS HOUSED ON ITS RESOURCE ZONE. THIS INCLUDES MDRT PODCASTS, VIDEOS, MEETING TRANSCRIPTS AND THE MDRT BLOG. 0 0 0 1 0 0 0 0 0 1 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 52 0 141 1 0 1 CH 0 0 0 0 0 0 X 5 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X DAVID DICKHUDT SENIOR DIRECTOR FINANCE 8476926378 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 IAN GREEN PAST PRESIDENT 5.00 X X 29720 0 0 RANDY SCRITCHFIELD PAST PRESIDENT 10.00 X X 49980 0 0 PEGGY TSAI PRESIDENT 5.00 X X 52680 0 0 GREG GAGNE 1ST VICE PRESIDENT 5.00 X X 47280 0 0 CAROL KHENG 2ND VICE PRESIDENT 5.00 X X 44580 0 0 JOHN NICHOLS SECRETARY 5.00 X X 14860 0 0 STEPHEN STAHR CEO 50.00 X 931119 0 224711 MARK LEON SENIOR DIRECTOR, FINANCE 40.00 10.00 X 116780 0 13101 BARBARA O'CONNOR MANAGING DIRECTOR 40.00 X 280413 0 36796 SMRUTI RAJAGOPALAN SENIOR DIRECTOR, STRATEGY 50.00 X 245674 0 20934 PAM BROWN DIRECTOR OF LEADERSHIP AND GUIDED DEVELOPMENT 40.00 X 240540 0 94409 LAURA GOOD SENIOR DIRECTOR, HR 40.00 10.00 X 238755 0 84057 JIM UNANDER SENIOR DIRECTOR, IT 50.00 X 233884 0 92626 2526265 0 566634 33 0 1 0 ELK GROVE GRAPHICS 1200 CHASE AVENUE ELK GROVE VILLAGE IL 60007 PRINTING OF APPLICATION FORMS, ADVERTISI 322650 SIKICH LLP PO BOX 95093 CHICAGO IL 606945093 IT CONSULTING 240115 SPEAKER EXCHANGE AGENCY LLC 9218 METCALF 230 OVERLAND PARK KS 66212 CONFERENCE SPEAKERS 202316 MEETING PLAY LLC 5303 SPECTRUM DRIVE SUITE D FREDERICK MD 21704 VIRTUAL CONFERENCE PLATFORM 172181 JENNER & BLOCK LLP 353 N CLARK ST CHICAGO IL 606543456 LEGAL 115238 7 MEMBERSHIP INCOME 611430 49532821 49532821 MEETINGS INCOME 611430 11460715 11460715 60993536 2238673 2238673 37168817 39437354 -2268537 -2268537 -2268537 1311739 809110 502629 502629 MANAGEMENT FEES 561000 100000 100000 OTHER REVENUE 900099 34618 34618 134618 61600919 60993536 0 607383 338228 1524811 11573557 1388066 2890063 881319 307973 74088 231383 4689121 2229589 1101833 8872542 449256 1545867 20487637 344848 CONTENT DEVELOPMENT 4594809 STRATEGIC PLAN 60359 2409235 65994584 50282318 73252422 32049 720755 391335 267821 1464275 768061 5099762 4834762 265000 265000 70051524 30582614 29032614 22474215 5272211 9040211 156791326 137371099 4543031 5701140 3393281 3821262 16485519 8357250 24421831 17879652 X 132369495 119491447 132369495 119491447 156791326 137371099 X -4393665 -15588166 7103783 X X 0 0 0 0 1 0 265000 265000 4479581 4479581 0 355181 355181 0 265000 HEDGE FUND 161667 F GOVERNMENT AND AGENCY SECURITIES 10739959 F CORPORATE BONDS 11572589 F 22474215 CASH SURRENDER VALUE - LIFE INSURANCE 2070707 ACCRUED INTEREST RECEIVABLE 134174 DUE FROM RELATED PARTIES 6835330 9040211 PENSION LIABILITY 7570656 DEFERRED COMPENSATION 786594 8357250 X PART X, LINE 2: MDRT FOLLOWS THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. MDRT HAS DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021. SOUTH ASIA 0 1 PROGRAM SERVICES SEMINARS, NEWSLETTERS, MEMBERSHIP SUPPORT 1053636 EAST ASIA AND THE PACIFIC 1 2 PROGRAM SERVICES SEMINARS, NEWSLETTERS, MEMBERSHIP SUPPORT 9870943 LATIN AMERICA 0 1 PROGRAM SERVICES SEMINARS, NEWSLETTERS, MEMBERSHIP SUPPORT 2572 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 161667 1 4 0 0 1 4 11088818 0 11088818 0 0 0 0 0 0 PART I, LINE 3: THE ORGANIZATION USES ACCRUAL METHOD TO ACCOUNT FOR EXPENDITURES OUTSIDE OF THE UNITED STATES. PART III ACCOUNTING METHOD: 1 MDRT FOUNDATION 325 WEST TOUHY AVENUE PARK RIDGE IL 60068 366080766 501(C)(3) 313843 0 GRANTS TO OTHER CHARITABLE ORGANIZATIONS ASAE FOUNDATION 1575 I STREET NW WASHINGTON DC 20005 521300485 501(C)(3) 10000 0 CONTRIBUTIONS 2 PART I, LINE 2: THE ORGANIZATION REQUIRES POTENTIAL GRANTEES TO PROVIDE FINANCIAL STATEMENTS AND BUDGETS. UPON RECEIVING A GRANT, ORGANIZATIONS ARE REQUESTED TO PROVIDE A REPORT AS TO HOW GRANT FUNDS WERE USED RELATIVE TO THE PROJECT FOR WHICH FUNDING WAS AWARDED. X X X X 1 1 X X 1 1 0 STEPHEN STAHR CEO 769116 0 162003 0 0 0 195528 0 29183 0 1155830 0 0 0 PAM BROWN DIRECTOR OF LEADERSHIP AND GUIDED DE 235440 0 5100 0 0 0 79215 0 15194 0 334949 0 0 0 JIM UNANDER SENIOR DIRECTOR, IT 230513 0 3371 0 0 0 70080 0 22546 0 326510 0 0 0 LAURA GOOD SENIOR DIRECTOR, HR 235271 0 3484 0 0 0 64869 0 19188 0 322812 0 0 0 BARBARA O'CONNOR MANAGING DIRECTOR 276532 0 3881 0 0 0 23184 0 13612 0 317209 0 0 0 SMRUTI RAJAGOPALAN SENIOR DIRECTOR, STRATEGY 242021 0 3653 0 0 0 6858 0 14076 0 266608 0 0 0 PART I, LINE 1A EXECUTIVE MEMBERS AND THE CEO CAN CHOOSE TO TRAVEL FIRST CLASS ON FLIGHTS WITH DURATIONS OF THREE HOURS OR LONGER (NONTAXABLE BENEFIT). SPOUSES CAN ACCOMPANY THE EXECUTIVE COMMITTEE MEMBERS ON THEIR TRAVELS (TAXABLE BENEFIT). EACH EXECUTIVE COMMITTEE MEMBER RECEIVES A GROSS UP PAYMENT RELATED TO THEIR SPOUSAL TRAVEL. EXECUTIVE COMMITTEE MEMBERS RECEIVE AN ADMINISTRATIVE ALLOWANCE TAXABLE TO THE INDIVIDUAL TO DEFRAY THE COST OF STAFF SUPPORT EXPENSES THEY MAY INCUR IN THE PERFORMANCE OF THEIR EXECUTIVE COMMITTEE DUTIES AND ORGANIZATION WORK. NO MEMBER OF THE ORGANIZATION OR OF THE EXECUTIVE COMMITTEE, OR OF ANY OTHER COMMITTEE, RECEIVES COMPENSATION FOR SERVICES RENDERED. THE AMOUNTS BUDGETED FOR THE MATTERS ABOVE ARE INCLUDED IN THE ORGANIZATION'S BUDGET. THE BUDGET IS APPROVED BY THE FINANCE COMMITTEE ON AN ANNUAL BASIS. PART I, LINE 1B THE ORGANIZATION MAINTAINS AND FOLLOWS WRITTEN POLICIES REGARDING FIRST CLASS TRAVEL, SPOUSE TRAVEL, GROSS-UP PAYMENTS AND DISCRETIONARY SPENDING ACCOUNTS. PART I, LINE 3 EXPENSE REPORTS MUST BE SUBMITTED IN ORDER TO RECEIVE REIMBURSEMENT FROM THE ORGANIZATION. RECEIPTS ARE REQUIRED FOR ITEMS $25 OR GREATER. RECEIPTS ARE REQUIRED FOR ALL PURCHASES MADE WITH THE ORGANIZATION'S CREDIT CARD. PART I, LINES 4A-B THE FOLLOWING PERSON RECEIVED A SEVERANCE PAYMENT IN 2022: MARK LEON - $67,234 THE FOLLOWING PERSON RECEIVED BENEFITS FROM OR OTHERWISE PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: STEPHEN STAHR - ACCRUED AN ADDITIONAL $124,367 IN FY2022 (DOES NOT VEST UNTIL RETIREMENT DATE IS REACHED) FORM 990, PART VI, SECTION A, LINE 1A THE GOVERNING BODY IS GOVERNED AND MANAGED BY AN EXECUTIVE COMMITTEE DULY ELECTED BY THE MEMBERSHIP WHICH FUNCTIONS AS THE BOARD OF GOVERNANCE. THE COMMITTEE HAS FIVE VOTING OFFICERS AND INCLUDES THE CHIEF EXECUTIVE OFFICER AS EX-OFFICIO, NON-VOTING MEMBER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS THREE CLASSES OF MEMBERSHIP: 1) QUALIFYING, 2) QUALIFYING AND LIFE, AND 3) LIFE. EACH CLASS OF MEMBERSHIP SHALL BE A PRIVILEGE WHICH MAY BE GRANTED OR WITHHELD EACH YEAR BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A THE ROUND TABLE HAS A NOMINATING COMMITTEE CONSISTING OF SEVEN MEMBERS. THE PRESIDENT AND TWO AVAILABLE PAST PRESIDENTS SHALL BE MEMBERS OF THE NOMINATING COMMITTEE WITH THE OTHER FOUR MEMBERS NOT BEING MEMBERS OF GOVERNANCE OR PAST PRESIDENTS. IT IS THE NOMINATING COMMITTEE THAT IS ASSEMBLED TO ELECT NEW MEMBERS TO THE GOVERNING BODY. MEMBERS OF GOVERNANCE MUST BE QUALIFYING AND LIFE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE BY-LAWS MAY BE AMENDED BY THE MEMBERS. THE PROCESS REQUIRES NOTIFICATION OF THE MEMBERS NOT LESS THAN 30 DAYS PRIOR TO THE ANNUAL MEETING AND APPROVAL BY TWO-THIRDS OF THOSE MEMBERS PRESENT AT THE ANNUAL MEETING AND CASTING VOTES. AMENDMENTS MAY ALSO BE MADE BETWEEN ANNUAL MEETINGS BY SOLICITATION OF THE MEMBERS BY MAIL OR ELECTRONIC MEDIA. THIS METHOD ALSO REQUIRES 30 DAY NOTIFICATION IN ADVANCE OF THE BALLOT DEADLINE AND APPROVAL BY TWO-THIRDS OF MEMBERS CASTING VOTES. MEMBERS MAY PROPOSE AMENDMENTS BY WRITTEN PETITION CONTAINING SIGNATURES OF NOT LESS THAN 20% OF ALL MEMBERS. SUCH PETITION MUST BE SUBMITTED 90 DAYS PRIOR TO THE ANNUAL MEETING TO FACILITATE COMPLIANCE WITH THE 30 DAY NOTICE REQUIREMENT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION SUPPLIED BY MANAGEMENT. A DRAFT OF THE RETURN IS REVIEWED BY MANAGEMENT WITH ANY APPROPRIATE CHANGES BEING INCORPORATED INTO THE DOCUMENT BEFORE BEING PROVIDED TO THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH EXECUTIVE COMMITTEE MEMBER IS REQUIRED TO AGREE TO THE CONFLICT OF INTEREST POLICY AND ACKNOWLEDGES THIS BY SIGNING THE CONFLICT OF INTEREST POLICY STATEMENT ON AN ANNUAL BASIS. COMPLIANCE IS MONITORED BY THE EXECUTIVE COMMITTEE ON AN ANNUAL BASIS. THE POLICY REQUIRES FULL AND PROMPT DISCLOSURE TO THE EXECUTIVE COMMITTEE OF ALL RELEVANT FACTS REGARDING ANY POSSIBLE CONFLICTS OF INTEREST. EACH EXECUTIVE COMMITTEE MEMBER AGREES TO INFORM IN WRITING AN OFFICER OF MDRT NOT AFFECTED BY THE CONFLICT. THEY MUST THEN REFRAIN FROM EXECUTIVE COMMITTEE DISCUSSION WITH RESPECT TO THE MATTER AND REFRAIN FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES OUTSIDE CONSULTANTS, ASAE'S BLUE CHIP AND LIKE ASSOCIATION SURVEYS TO EVALUATE COMPENSATION AT ALL LEVELS OF THE ORGANIZATION. THE BOARD OF GOVERNANCE REVIEWS THIS INFORMATION IN DETERMINING THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. OCCUPATION SPECIFIC SURVEYS AND CONSULTANTS ARE USED TO REVIEW MOST RECENT COMPENSATION DOCUMENTATION. COMPENSATION FOR ALL EXECUTIVE POSITIONS WAS REVIEWED AND DOCUMENTED FOR 2019. ALLOWANCES AND REIMBURSEMENTS TO COMMITTEE MEMBERS ARE DETERMINED BASED UPON THE GUIDELINES STIPULATED WITHIN THE ORGANIZATION'S POLICY BOOK. THE POLICIES INCLUDED WITHIN ARE STRICTLY ADHERED TO. COMPENSATION FOR ALL OTHER EMPLOYEES IS EVALUATED ON AN ANNUAL BASIS BY THE CHIEF EXECUTIVE OFFICER AND SENIOR DIRECTOR OF HUMAN RESOURCES. COMPENSATION STUDIES PREVIOUSLY MENTIONED ARE USED IN THE PROCESS OF EVALUATING ALL OTHER EMPLOYEES. ADDITIONALLY, THE ORGANIZATION'S JOB DESCRIPTIONS AND SALARIES ARE REVIEWED BY AN EXTERNAL THIRD PARTY TO ASSESS WHETHER THE ORGANIZATION'S COMPENSATION IS COMPARABLE TO LIKE POSITIONS IN SIMILAR ORGANIZATIONS. THIS PROCESS IS PERFORMED AND DOCUMENTED APPROXIMATELY ONCE OVER TWO TO THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY 7,103,783. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. AT THE TIME OF FILING THE 990, THE ORGANIZATION ENGAGED AN INDEPENDENT AUDITOR AND WILL HAVE THE AUDITED FINANCIAL STATEMENTS AVAILABLE UPON COMPLETION. MILLION DOLLAR ROUNDTABLE FOUNDATION 325 W TOUHY AVENUE PARK RIDGE IL 60068 366080766 GRANT MAKING TO OTHER CHARITABLE ORGANIZATIONS IL 501(C)(3) LINE 7 N/A 0 THE MDRT ACADEMY 325 W TOUHY AVENUE PARK RIDGE IL 60068 814966111 APPLICATION TO SUPPORT PROFESSIONAL COMMUNITY IL 501(C)(6) N/A 0 MDRT BUSINESS SERVICES INC 325 W TOUHY AVE PARK RIDGE IL 60068 842883648 CREATE AND SELL PRODUCTS AND SERVICES IL MILLION DOLLAR ROUND TABLE C 1.00000 1 MDRT GLOBAL SERVICES 325 W TOUHY AVE PARK RIDGE IL 60068 842903878 AN ASSOCIATION DESIGNED FOR INFLUENCES IN THE INDUSTRY TO ENGAGE WITH MDRT. IL MILLION DOLLAR ROUND TABLE C 276645 1.00000 0 0 1 0 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 MILLION DOLLAR ROUND TABLE FOUNDATION B 313843 CASH MILLION DOLLAR ROUND TABLE FOUNDATION L 100000 CASH MILLION DOLLAR ROUND TABLE FOUNDATION N 99221 PRORATED COSTS MILLION DOLLAR ROUND TABLE FOUNDATION O 1047756 HOURS WORKED MILLION DOLLAR ROUND TABLE FOUNDATION D 177863 BOOK VALUE MDRT ACADEMY D 6657467 BOOK VALUE MDRT GLOBAL SERVICES D 11037 BOOK VALUE MDRT ACADEMY E 274079 BOOK VALUE