2023-07-27T09:32:49-05:00 2022-12-31 221655803 DORFMAN ABRAMS MUSIC LLC 250 PEHLE AVE SUITE 702 SADDLE BROOK NJ 07663 990 2022-01-01 581420617 SPENCER EDUCATIONAL FOUNDATION INC SPEN 2126556208 PO BOX 23613 NEW YORK NY 100873613 MEGAN MILLER EXECUTIVE DIRECTOR 2126556208 2023-07-18 1 MEGAN MILLER 999009999 0 PATRICIA DIAZ CPA P01362006 2014039750 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X MEGAN MILLER PO BOX 23613 NEW YORK NY 100873613 8251920 0 X WWW.SPENCERED.ORG X 1979 GA SPENCER EDUCATIONAL FOUNDATION, INC.'S ("THE FOUNDATION") MISSION IS TO FUND THE EDUCATION OF TOMORROW'S RISK MANAGEMENT AND INSURANCE INDUSTRY LEADERS. SINCE ITS FOUNDING IN 1979, SPENCER HAS AWARDED NEARLY $9 MILLION IN SCHOLARSHIPS TO STUDENTS STUDYING RISK MANAGEMENT AND INSURANCE, AND OVER $7 MILLION IN GRANTS TO UNIVERSITIES AND INDUSTRY PROFESSIONAL INSTITUTIONS. SPENCER HAS DIRECTLY IMPACTED AN ESTIMATED 70,000 STUDENTS THROUGH ITS PROGRAMMING. 25 25 0 0 0 0 1681826 2529929 0 0 732060 173504 2774 8579 2416660 2712012 1269810 1345278 0 0 418668 668316 20097 0 283625 196078 292855 1904653 2306449 512007 405563 9643341 9082783 357037 496347 9286304 8586436 X TO FACILITATE THE FUNDING OF TOMORROW'S RISK MANAGEMENT AND INSURANCE LEADERS THROUGH SCHOLARSHIPS, GRANTS, INTERNSHIP OPPORTUNITIES, ON AND OFF CAMPUS EXPERIENTIAL LEARNING, AND SUPPORT OF RISK MANAGEMENT CURRICULA. 0 0 652228 650077 SCHOLARSHIPS - RISK MANAGEMENT AND INSURANCE STUDENTS ARE AT THE HEART OF EVERYTHING SPENCER DOES. SPENCER AWARDS UNDERGRADUATE, GRADUATE, AND PH.D. SCHOLARSHIPS TO STUDENTS STUDYING AT INSTITUTIONS IN THE UNITED STATES AND CANADA, AS WELL AS PART-TIME GRADUATE SCHOLARSHIPS TO RISK AND INSURANCE PROFESSIONALS CONTINUING THEIR EDUCATION. 331250 331250 GENERAL GRANTS - SPENCER'S GRANTS PROGRAM SUPPORTS INITIATIVES THAT ALIGN WITH THE FOUNDATION'S MISSION TO FUND THE EDUCATION OF TOMORROW'S RISK MANAGEMENT AND INSURANCE LEADERS. SPENCER CONSIDERS GRANT PROPOSALS THAT FALL IN THE FOLLOWING TWO CRITICAL BRANCHES: 1. PROVIDE EXPERIENTIAL LEARNING OPPORTUNITIES FOR RISK MANAGEMENT AND INSURANCE STUDENTS, AND 2. ATTRACT NEW TALENT TO THE INDUSTRY. 194356 194356 INTERNSHIPS - THROUGH OUR INTERNSHIP GRANT PROGRAM, SPENCER AIMS TO SUPPORT TOMORROW'S RISK MANAGEMENT AND INSURANCE LEADERS THROUGH EXPERIENTIAL LEARNING OPPORTUNITIES. SPENCER PROVIDES INTERNSHIP GRANTS OF UP TO $7,500 TO RISK MANAGERS TO HIRE INTERNS IN THE RISK MANAGEMENT FUNCTION OF THEIR ORGANIZATIONS. EMPLOYERS APPLY FOR THE GRANTS FROM SPENCER, AND STUDENTS THEN APPLY DIRECTLY WITH THE COMPANIES FOR THE INTERNSHIP OPPORTUNITIES. 700862 169595 COURSE DEVELOPMENT - SPENCER'S COURSE DEVELOPMENT GRANT PROGRAM SUPPORTS INTRODUCTORY RISK MANAGEMENT AND INSURANCE COURSE DEVELOPMENT - FOR UNIVERSITIES THAT HAVE NOT PREVIOUSLY OFFERED ANY SUCH INSTRUCTION - AS WELL AS PROPOSALS FOR ADDITIONAL COURSE CURRICULUM DEVELOPMENT AND PROGRAM DEVELOPMENT - FOR UNIVERSITIES LOOKING TO DEVELOP A RMI PROGRAM AND/OR EXPAND EXISTING RMI COURSE OFFERINGS, WITH AN EMPHASIS ON NEW AND EMERGING AREAS IN THE INDUSTRY. RISK MANAGER ON CAMPUS GRANTS - FOR 23 YEARS, SPENCER'S RISK MANAGER ON CAMPUS (RMOC) PROGRAM HAS BEEN PRAISED BY BOTH UNIVERSITIES AND RISK MANAGERS AS A REWARDING EDUCATIONAL EXPERIENCE FOR STUDENTS AND A CHANCE TO GIVE BACK TO THE PROFESSION. THE PROGRAM BRINGS A PRACTICING RISK MANAGER TO THE UNIVERSITY TO PRESENT AND ENGAGE WITH STUDENTS ABOUT THE RISK MANAGEMENT PROFESSION AND INSURANCE INDUSTRY. 700862 169595 1878696 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X MEGAN MILLER 2672071759 PO BOX 23613 NEW YORK NY 10087 X MAYRA J PROPIS IMMEDIATE PAST CHAIR 1.00 X 0 0 0 STEPHEN ACUNTO JR DIRECTOR 1.00 X 0 0 0 KRISTEN M BESSETTE DIRECTOR 1.00 X 0 0 0 JENNIFER SANTIAGO DIRECTOR 1.00 X 0 0 0 JOSEPH CELLURA DIRECTOR 1.00 X 0 0 0 DR CASSANDRA COLE DIRECTOR 1.00 X 0 0 0 RON DAVIS DIRECTOR 1.00 X 0 0 0 ANDREA M DUDEK DIRECTOR 1.00 X 0 0 0 DUNCAN ELLIS DIRECTOR 1.00 X 0 0 0 JULIE GIBSON DIRECTOR 1.00 X 0 0 0 CHRISTOPHER J LANG DIRECTOR 1.00 X 0 0 0 JOSEPH V LAROCCO JR DIRECTOR 1.00 X 0 0 0 DR WEILI LU DIRECTOR 1.00 X 0 0 0 LINTON B PUCKETT DIRECTOR 1.00 X 0 0 0 MICHELE J SANSONE DIRECTOR 1.00 X 0 0 0 MATTHEW SCHNEIDER DIRECTOR 1.00 X 0 0 0 LORI SEIDENBERG DIRECTOR 1.00 X 0 0 0 BEN SLOOP DIRECTOR 1.00 X 0 0 0 SUE SRINIVASAN DIRECTOR 1.00 X 0 0 0 BOB THOMAS DIRECTOR 1.00 X 0 0 0 BUTLER BOURGEOIS TERM 12022 DIRECTOR 1.00 X 0 0 0 TIMOTHY MEACHAM TERM 52022 DIRECTOR 1.00 X 0 0 0 ROBIN ROEDER CHAIRPERSON 5.00 X X 0 0 0 TERESA M BLACK PRESIDENT 3.00 X X 0 0 0 JOHNELL HOLLY VICE PRESIDENT 3.00 X X 0 0 0 PETER HEARD TREASURER 3.00 X X 0 0 0 JEFFREY M COHEN SECRETARY 3.00 X X 0 0 0 MEGAN MILLER EXECUTIVE DIRECTOR 40.00 X 255909 0 15389 KATHY GLEDHILL TERM 102022 VP FIN. & ACC. 5.00 X 0 0 0 GINA M BOYLE FINANCE AND OPERATIONS DIRECTOR 40.00 X 20000 0 0 275909 0 15389 1 0 1 0 0 1452072 1077857 2529929 154743 154743 5361675 5342914 18761 18761 18761 196994 1452072 196994 0 MISCELLANEOUS INCOME 900099 8579 8579 8579 2712012 0 0 182083 651501 651501 650077 650077 43700 43700 291298 146500 28139 116659 377018 327443 7474 42101 50000 5000 40000 5000 663 663 20500 20500 431 412 19 1912 1417 495 26109 964 24578 567 26356 5020 7318 14018 23576 18054 2919 2603 33038 24987 294 7757 12243 12243 FUNDRAISING EXPENSE 94406 94406 FEES 3621 3621 2306449 1878696 144128 283625 2183839 1925137 628849 1081628 16950 85077 62811 52596 10215 10215 6803488 5980726 9643341 9082783 122027 285178 76169 235010 135000 357037 496347 X 7183438 6078509 2102866 2507927 9286304 8586436 9643341 9082783 405563 -1083930 -21501 0 X X 0 1 X 1 0 X 1235472 1932616 1782768 1681826 2529929 9162611 1235472 1932616 1782768 1681826 2529929 9162611 9162611 147016 166589 79924 106485 173504 673518 10944 10944 3927 4549 35939 2774 8579 55768 9902841 196994 0.92530 0.91970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 386019 -14319 371700 375000 11019 386019 225000 150000 375000 225000 225000 225000 225000 1.00000 0 0 62811 52596 10215 10215 REFUNDABLE ADVANCES 135000 135000 X 1608839 -1083930 2258 -1081672 2690511 21501 21501 2712012 2308707 2258 2258 2306449 0 2306449 PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION AS DEFINED BY SECTION 501(C)(3) OF INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 NORTH AMERICA 0 0 GRANTMAKING 43700 0 0 0 0 0 0 43700 0 43700 NORTH AMERICA COURSE DEVELOPMENT & RISK MANAGER ON CAMPUS 36200 WIRE 0 NORTH AMERICA INTERNSHIP PROGRAM 7500 WIRE 0 0 2 0 0 0 0 0 0 PART I, LINE 2: SPENCER COURSE DEVELOPMENT GRANT PROGRAM MONITORING PROCEDURES: 1. COURSE DEVELOPMENT GRANTS AWARD LETTERS SPECIFY THE APPROVED USE OF SPENCER EDUCATIONAL FOUNDATION FUNDS, AND MANDATE THE GRANTEE TO SUBMIT BOTH INTERIM REPORT AND FINAL REPORTS AS PER THE PROPOSED COURSE DEVELOPMENT TIMELINE. 2. INTERIM REPORTS AND FINAL REPORTS ARE REVIEWED BY SPENCER'S PROGRAM MANAGER AND THE FOUNDATION'S COURSE DEVELOPMENT COMMITTEE. THIS INCLUDES REVIEW OF THE GRANTEE'S USE OF THE FUNDING TO-DATE, REVIEW OF PROJECT TIMELINE AND ACCOMPLISHMENTS TO-DATE, AND REVIEW OF ANY COURSE MATERIALS DEVELOPED AS APPLICABLE (EX: COURSE SYLLABI, PROMOTIONAL MATERIALS, ETC.). 3. IN THE CASE OF MULTI-YEAR GRANT COMMITMENTS, SUBSEQUENT GRANT PAYMENTS ARE CONTINGENT ON RECEIPT OF SATISFACTORY INTERIM REPORTS. SPENCER INTERNSHIP GRANT PROGRAM MONITORING PROCEDUES: -UPON SUBMISSION OF AN INTERNSHIP GRANT APPLICATION, APPLICANTS AGREE TO COMPLY WITH THE BELOW CRITERIA IF THEIR PROPOSAL IS SELECTED: 1. GRANT RECIPIENTS MUST SUBMIT A FINAL REPORT AFTER THE INTERNSHIP WAS ENDED. 2. INTERNS MUST SUBMIT A FINAL SURVEY AT THE COMPLETION OF THEIR INTERNSHIP. 3. THE INTERNSHIP POSITION MUST BE WITHIN THE RISK MANAGEMENT DEPARTMENT AND MUST BE CENTERED AROUND MEANINGFUL PROJECTS OR RESPONSIBILITIES IN RISK MANAGEMENT. 4. INTERNSHIPS SHOULD BE BETWEEN 8-2 WEEKS LONG IN DURATION. 5. THE ENTIRETY OF THE INTERNSHIP GRANT MUST BE APPLIED TO THE EXPERIENCE OF THE INTERN. ANY REMAINING FUNDS NOT APPLIED TOWARDS INTERN SALARY MUST BE CREATIVELY APPLIED TOWARDS BENEFICIAL PROFESSIONAL/LEARNING EXPERIENCES. GRANT RECIPIENTS MUST SUPPLY A FINAL BUDGET AT THE CULMINATION OF THE INTERNSHIP AND AGREE TO GIVE THE SPENCER EDUCATIONAL FOUNDATION A REFUND OF ANY FUNDS NOT USED DIRECTLY TOWARDS THE INTERNSHIP EXPERIENCE. -UPON THE COMPLETION OF THE INTERNSHIP PERIOD ALL FINAL REPORTS, INCLUDING BULLETS OUTLING THE USE OF FUNDS, ARE REVIEWED BY SPENCER'S PROGRAMS MANAGER. SHOULD ANY BUDGETS FALL UNDER THE AMOUNT AWARDED, OR SHOULD ANY PORTION OF THE GRANT BE USED FOR UNAPPROVED EXPENSES, SPENCER REQUESTS A REIMBURSEMENT FROM THE GRANTEE. -ALL INTERN SURVEYS ARE ALSO REVIEWED BY SPENCER'S PROGRAMS MANAGER TO ENSURE SATISFACTORY USE OF FUNDS. PART III ACCOUNTING METHOD: X X X X 0 DS CONSULTING GROUP 757 THIRD AVENUE 20TH FLOOR NEW YORK NY 10017 CONSULTING 0 1417911 65458 1352453 1417911 65458 1352453 NY SPENCER GALA 1417911 1240728 177183 177183 GOLF TOURNAMENT 77666 57855 19811 18919 892 1 153489 153489 1649066 1452072 196994 196102 892 196994 0 1 APPALACHIAN STATE UNIVERSITY FOUNDATION INC ASU BOX 32064 BOONE NC 28608 561176030 501(C)(3) 25000 0 GENERAL GRANT CALIFORNIA STATE FULLERTON PHILATHROPIC FDNSRMI 2600 NUTWOOD AVE SUITE 830 FULLERTON CA 92831 330567945 501(C)(3) 15000 0 GENERAL GRANT GAMMA IOTA SIGMA PO BOX 356 YARDLEY PA 19067 237087235 501(C)(3) 50000 0 GENERAL GRANT NAAIA COMMUNITY DEVELOPMENT CORPORATION 1030 15TH ST NW STE 1110 WASHINGTON DC 20005 811495358 501(C)(3) 10000 0 GENERAL GRANT SAINT JOSEPH'S UNIVERSITY 5600 CITY AVENUE PHILADELPHIA PA 19131 231352674 501(C)(3) 75000 0 GENERAL GRANT ADECCO GROUP 10151 DEERWOOD PARK BLVD 200 JACKSONVILLE FL 32256 943286700 7500 0 INTERNSHIP AES GLOBAL INSURANCE COMPANYTHE AES CORP 4300 WILSON BLVD ARLINGTON VA 22203 541163725 7500 0 INTERNSHIP CLARK EQUIPMENT 2905 SHAWNEE INDUSTRIAL WAY STE 100 SUWANEE GA 30024 380425350 7500 0 INTERNSHIP HEARST 3540 TORINGDON WAY CHARLOTTE NC 28277 133341438 7500 0 INTERNSHIP LVMH MOET HENNESSY LOUIS VUITTON INC 19 E 57TH ST NEW YORK NY 10022 133870253 7500 0 INTERNSHIP OREGON HEALTH & SCIENCE UNIVERSITY 3181 SW SAM JACKSON PARK RD PORTLAND OR 97239 931176109 501(C)(3) 7500 0 INTERNSHIP PORT OF PORTLAND 7200 NE AIRPORT WAY PORTLAND OR 97218 936001832 7500 0 INTERNSHIP CON AM MANAGEMENT CORP 3990 RUFFIN ROAD SUITE 100 SAN DIEGO CA 92123 953809553 7500 0 INTERNSHIP SIERRA NEVADA CORP 444 SALOMON CIRCLE SPARKS NV 89434 880094415 7500 0 INTERNSHIP SP PLUS CORP 200 EAST RANDOLPH ST CHICAGO IL 60601 161171179 7500 0 INTERNSHIP UNIVERSITY OF CINCINNATI 51 GOODMAN ST SUITE 364 CINCINNATI OH 45221 316000989 501(C)(3) 10500 0 COURSE DEVELOPMENT TEMPLE UNIVERSITY 1803 N BROAD ST PHILADELPHIA PA 19122 231365971 501(C)(3) 75000 0 GENERAL GRANT BRADLEY UNIVERSITY 1501 W BRADLEY AVE PEORIA IL 61625 370661494 28550 0 COURSE DEVELOPMENT DEPAUW UNIVERSITY 313 LOCUST ST GREENCASTLE IN 46135 350869045 501(C)(3) 21066 0 COURSE DEVELOPMENT MILWAUKEE SCHOOL OF ENGINEERING 1025 N BROADWAY MILWAUKEE WI 53202 390477970 8864 0 COURSE DEVELOPMENT UNIVERSITY OF HOUSTON PO BOX 988 HOUSTON TX 77001 749001399 501(C)(3) 11000 0 COURSE DEVELOPMENT UNIVERSITY OF NEVADA RENO MS 0162 RENO NV 89557 942781749 15200 0 COURSE DEVELOPMENT HOWARD UNIVERSITY PO BOX 417853 BOSTON MA 022417853 530204707 10000 0 GENERAL GRANT PLUS FOUNDATION 5353 WAYSATA BLVD STE 6000 MINNEAPOLIS MN 55416 411903374 9500 0 GENERAL GRANT THE NATIONAL ALLIANCE FOR INSURANCE EDUCATION AND RESEARCH 3630 N HILLS DR AUSTIN TX 75231 742255697 501(C)(3) 18750 0 GENERAL GRANT UNIVERSITY OF COLORADO 1380 LAWRENCE ST STE 1201 DENVER CO 80204 846049811 501(C)(3) 15000 0 GENERAL GRANT UNIVERSITY OF SOUTH FLORIDA FOUNDATION INC 4202 E FOWLER AVE TAMPA FL 33201 590879015 501(C)(3) 13000 0 GENERAL GRANT UNIVERSITY RISK MANAGEMENT AND INSURANCE ASSOC PO BOX 1027 BLOOMINGTON IN 47402 237240485 10000 0 GENERAL GRANT BLOCK COMMUNICATIONS INC 405 MADISON AVE STE 2100 TOLEDO OH 43605 344374555 5785 0 INTERNSHIP BON SECOURS MERCY HEALTH INC PO BOX 638860 CINCINNATI OH 452638860 521301088 501(C)(3) 6918 0 INTERNSHIP BURNHAM HOLDINGS INC 1241 HARRISBURG PIKE LANCASTER PA 17603 421561863 7500 0 INTERNSHIP CULVER FRANCHISING SYSTEM LLC 1240 WATER STREET PRAIRIE DU WI 53578 391631539 7500 0 INTERNSHIP DFW INTERNSHIPATIONAL AIRPORT 2400 AVIATION DRIVE DFW AIRPORT TX 75261 751634822 7500 0 INTERNSHIP EVONIK CORPORATION 299 JEFFERSON RD PARSIPPANY NJ 07054 630673043 7500 0 INTERNSHIP GROWMARK INC 1701 TOWANDA AVE BLOOMINGTON IL 61701 370815318 6175 0 INTERNSHIP MARTIN COUNTY BOARD OF COUNTY COMMISSIONERS 2401 SE MONTEREREY RD STUART FL 34996 596000743 7500 0 INTERNSHIP MATCH GROUP 8750 NORTH CENTRAL EXPY DALLAS TX 75231 592712887 7000 0 INTERNSHIP PALO ALTO NETWORKS INC 3000 TANNERY WAY SANTA CLARA CA 95054 202530195 7500 0 INTERNSHIP RICE UNIVERSITY PO BOX 1892 HOUSTON TX 77251 741109620 501(C)(3) 7500 0 INTERNSHIP SAFELITE GROUP INC 7400 SAEFLIGHT WAY COLUMBUS OH 43285 311725961 7390 0 INTERNSHIP SIERRA SPACE 444 SALOMON CIRCLE SPARKS NV 89434 861752692 7500 0 INTERNSHIP SYNEOS HEALTH INC 500 ATRIUM DR SOMERSET NJ 08873 522181734 7500 0 INTERNSHIP TOP GOLF USA INC 8750 N CENTRAL EXWY DALLAS TX 75321 300256186 7500 0 INTERNSHIP SCHOLARSHIPS 99 650077 PART I, LINE 2: THE FOUNDATION DISTRIBUTES FUNDS THROUGH FOUR PROGRAMS: SCHOLARSHIPS, INTERNSHIP GRANTS, RISK MANAGER IN RESIDENCE PROGRAM GRANTS AND GENERAL GRANTS. EACH PROGRAM HAS A UNIQUE APPLICATION, WHICH IS REVIEWED AND EVALUATED BY A COMMITTEE. THE CRITERIA FOR EACH PROGRAM CAN BE FOUND ON THE FOUNDATION'S WEBSITE (WWW.SPENCERED.ORG). FOR SCHOLARSHIPS: THE AWARD CHECK IS MADE OUT JOINTLY TO THE RECIPIENT AND THE UNIVERSITY. THE FUNDS ARE TO BE APPLIED BY THE UNIVERSITY'S BURSAR FIRST TO TUITION, BOOKS, AND RISK MANAGEMENT/INSURANCE CURRICULUM-RELATED EXPENSES; SECOND, THE FUNDS ARE TO BE APPLIED TO ROOM AND BOARD EXPENSES. FOR INTERNSHIP GRANTS: THE AWARD CHECK IS MADE OUT TO THE APPLICANT'S ORGANIZATION. APPLICANTS ARE REQUIRED TO SHARE WHO THEY HIRED (RESUME AND TRANSCRIPT) AND THEY NEED TO COMPLETE A FINAL REPORT. FOR RISK MANAGER IN RESIDENCE GRANTS: THE AWARD CHECK IS MADE OUT TO THE APPLYING UNIVERSITY. THE APPLICANT IS REQUIRED TO COMPLETE A FINAL REPORT (INCLUDING FINAL BUDGET) AND REIMBURSE THE RISK MANAGER FOR EXPENSES. FOR GENERAL GRANTS: THE AWARD CHECK IS MADE OUT TO THE APPLICANT'S ORGANIZATION. APPLICANTS ARE REQUIRED TO COMPLETE A FINAL REPORT (INCLUDING FINAL BUDGET). X X X X 0 0 0 0 0 0 0 0 0 MEGAN MILLER EXECUTIVE DIRECTOR 226249 0 29000 0 660 0 15389 0 0 0 271298 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 UNDER A WRITTEN MANAGEMENT AGREEMENT THE REPORTING ORGANIZATION PAID RISK AND INSURANCE MANAGEMENT SOCIETY, INC. ("RIMS") (A NON-RELATED ORGANIZATION FOR PURPOSES OF FORM 990, SCHEDULE R REPORTING) A MANAGEMENT FREE (REPORTED IN ACCOMPANYING FORM 990, PART VII, SECTION B) THAT INCLUDES THE SERVICES OF 1) DEVELOPMENT DIRECTOR, 2) PROGRAM DIRECTOR, 3) VP FINANCE & ACCOUNTING AND HR DEPARTMENT, 4) HUMAN RESOURCES, 5) GENERAL COUNCIL, 6) SUPPORT SERVICES, 7) MARKETING SERVICES, 8) INFORMATION TECHNOLOGY, AND 10)FACILITIES AND LOGISTICS. THE EXECUTIVE DIRECTOR (TOP MANAGEMENT OFFICIAL), VP FINANCE AND FINANCE AND OPERATIONS DIRECTOR (TOP FINANCIAL OFFICIALS) WERE COMMON LAW EMPLOYEES OF THE REPORTING ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B DRAFT FORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT AND AUDIT/FINANCE COMMITTEE. AFTER REVIEW THE FORM 990 IS THEN PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD OF DIRECTOR'S MEMBERS COMPLETE A COI FORM ANNUALLY. THE FORMS ARE THEN REVIEWED BY THE BOARD COMPOSITION AND GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A A COMPARATIVE ANALYSIS OF SALARIES FOR SIMILAR EMPLOYEES AT SIMILAR ORGANIZATIONS IS CONDUCTED ANNUALLY. INDUSTRY PUBLICATIONS SUCH AS THE BRIDGESPAN COMPENSATION REPORT AND OTHER PUBLICALLY AVAIABLE REPORTS ARE ALSO USED FOR BENCHMARKING. THE ENTIRE FIVE MEMBER EXECUTIVE COMMITTEE WEIGHS IN ON AND APPROVES ANNUAL COMPENSATION CHANGES AND BONUSES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL REPORT. OTHER DOCUMENTS ARE AVAIABLE UPON REQUEST. FORM 990 PART VII, SECTION A, LINE (28) MEGAN E. MILLER; LINE (29) KATHERINE GLEDHILL; AND, LINE (30) GINA M BOYLE - PART VII, SECTION B: UNDER A WRITTEN MANAGEMENT AGREEMENT THE REPORTING ORGANIZATION PAID RISK AND INSURANCE MANAGEMENT SOCIETY, INC. ("RIMS") (A NON-RELATED ORGANIZATION FOR PURPOSES OF FORM 990, SCHEDULE R REPORTING) A MANAGEMENT FREE (REPORTED IN ACCOMPANYING FORM 990, PART VII, SECTION B) THAT INCLUDES THE SERVICES OF 1) DEVELOPMENT DIRECTOR, 2) PROGRAM DIRECTOR, 3) VP FINANCE & ACCOUNTING AND HR DEPARTMENT, 4) HUMAN RESOURCES, 5) GENERAL COUNCIL, 6) SUPPORT SERVICES, 7) MARKETING SERVICES, 8) INFORMATION TECHNOLOGY, AND 9)FACILITIES AND LOGISTICS. THE EXECUTIVE DIRECTOR (TOP MANAGEMENT OFFICIAL), VP FINANCE AND FINANCE AND OPERATIONS DIRECTOR (TOP FINANCIAL OFFICIALS) WERE COMMON LAW EMPLOYEES OF THE REPORTING ORGANIZATION. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR