2024-10-01T13:46:54+00:00 2023-12-31 390859910 Baker Tilly Advisory Group LP 1570 Fruitville Pike Suite 400 Lancaster PA 17601 990 2023-01-01 134059911 GLOBAL RISK MANAGEMENT INSTITUTE GLOB 2122869292 228 PARK AVE S PMB 23312 NEW YORK NY 100031502 Gary LaBranche PRESIDENT 2122869292 2024-10-01 false false X Kerri N Bogda CPA P00760402 7177404863 2024-10-01 2023 2024-10-15 13:58:12Z Gary LaBranche 228 PARK AVE S PMB 23312 NEW YORK NY 100031502 1052893 false X N/A X 1999 NY TO SUPPORT & ENCOURAGE THE ADVANCEMENT OF THE STUDY RELATED TO RISK MANAGEMENT. 3 0 0 0 0 0 0 0 366840 341390 151705 47249 0 0 518545 388639 42590 0 0 0 0 0 0 0 0 195461 171922 238051 171922 280494 216717 2185498 2558903 22930 24840 2162568 2534063 GLOBAL RISK MANAGEMENT INSTITUTE, INC. (GRMI) ENGAGES IN ACTIVITIES THAT SUPPORT AND ENCOURAGE THE ADVANCEMENT OF THE STUDY SUBJECTS RELATED TO RISK MANAGEMENT AND INCREASE THE QUALIFICATIONS OF RISK MANAGEMENT PROFESSIONALS ACROSS BUSINESSES AND INDUSTRIES. GRMI ALSO ADMINISTERS THE CANADIAN RISK MANAGEMENT (CRM) DESIGNATION. 93396 0 341390 PROFESSIONAL DEVELOPMENT - PROFESSIONAL FEES PAID TO DEVELOP RISK MANAGEMENT COURSES AND EDUCATIONAL PROGRAMS. 93396 true false false false false false false false false false false false true false true 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 false false true false false false true X 1 0 0 false true CA false false false false false false false false false false X 3 0 false false false false true true true true true false false true true true true true false false false false NY X Gary LaBranche PRESIDENT 2122869292 228 PARK AVE S PMB 23312 NEW YORK NY 100031502 Annette Homan President (to 11/1/23) 0.3 34.8 X X 0 237853 42653 GARY LABRANCHE President 0.3 34.8 X X 0 508394 76312 KATHERINE GLEDHILL Treasurer 0.3 34.8 X X 0 217126 13356 Mark PRYSOCK Secretary 0.3 34.8 X X 0 238377 29185 0 1201750 161506 0 false true false 0 0 CRM EXAM FEES 900099 229090 229090 OTHER CRM REVENUE 900099 88400 88400 CERTIFICATION 611430 23900 23900 0 0 0 0 341390 51368 51368 0 0 660135 664254 -4119 0 -4119 -4119 0 0 0 0 0 388639 341390 0 47249 4024 4024 4502 4502 0 0 0 0 2716 2716 CRM EXAM EXPENSES 90680 90680 CRM & RF ADMIN. COSTS 70000 70000 0 0 0 0 171922 93396 78526 0 898693 632912 138394 383577 6830 0 0 0 0 0 1122797 1357118 0 0 25614 178466 2185498 2558903 22930 24840 0 0 0 22930 24840 X 2162568 2534063 2162568 2534063 2185498 2558903 X 216717 148175 6603 X false true X true false X 0 408996 368054 366840 325951 341390 1811231 0 0 0 408996 368054 366840 325951 341390 1811231 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1811231 25485 14794 21715 30795 51368 144157 0 25485 14794 21715 30795 51368 144157 0 0 0 0 0 0 0 434481 382848 388555 356746 392758 1955388 0.9263 0.9396 0.07 0.0604 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - , COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 0; DUE TO/FROM RIMS 178466 178466 0 X 538915 148175 6603 154778 384137 4502 0 4502 388639 167420 0 0 167420 4502 0 4502 171922 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote UNDER ASC 740, INCOME TAXES, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION HAS FILED FOR, AND RECEIVED, INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE ORGANIZATION HAS FILED IRS FORM 990 INFORMATION RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEAR ENDED DECEMBER 31, 2023, THERE WERE NO INTEREST OR PENALTIES NECESSARY TO BE RECORDED OR INCLUDED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 FOREIGN CURRENCY EXCHANGE GAIN - 6603 false false false false false false false false false KATHERINE GLEDHILL Treasurer 0 217126 0 0 0 0 0 12512 0 844 0 230482 0 0 GARY LABRANCHE President 0 479894 0 28500 0 0 0 26854 0 49458 0 584706 0 0 Mark PRYSOCK Secretary 0 238377 0 0 0 0 0 12900 0 16285 0 267562 0 0 Annette Homan President (to 11/1/23) 0 237853 0 0 0 0 0 14360 0 28293 0 280506 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation RISK AND INSURANCE MANAGEMENT SOCIETY, INC., A RELATED SECTION 501(C)(6) ORGANIZATION, PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. RISK AND INSURANCE MANAGEMENT SOCIETY, INC. HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. Form 990, Part VI, Line 6 Classes of members or stockholders RISK AND INSURANCE MANAGEMENT SOCIETY, INC. IS THE SOLE MEMBER OF GLOBAL RISK MANAGEMENT INSTITUTE, INC. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE VOTING MEMBERS OF THE CORPORATION SHALL BE THE MEMBERS OF THE BOARD OF DIRECTORS OF THE RISK & INSURANCE MANAGEMENT SOCIETY, INC. ("RIMS"), AS THE SAME MAY BE COMPRISED FROM TIME TO TIME ("RIMS BOARD OF DIRECTORS"). EACH PERSON WHO IS OR BECOMES A MEMBER OF RIMS BOARD OF DIRECTORS SHALL AUTHOMATICALLY BECOME A VOTING MEMBER OF THE CORPORATION, AND UPON CEASING TO BE A MEMBER OF RIMS BOARD OF DIRECTORS, SHALL THEREBY CEASE TO BE A VOTING MEMBER OF THE CORPORATION. VOTING MEMBERS SHALL EXCLUSIVELY POSSESS ALL VOTING POWER FOR THE ELECTION OF DIRECTORS AND FOR ALL OTHER PURPOSES AS PROVIDED BY LAW. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders ORGANIZATIONAL MEMBERS ELECT THE BOARD OF DIRECTORS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY A NATIONALLY RECOGNIZED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S MANAGEMENT. A DRAFT OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12c Conflict of interest policy BOARD MEMBERS AND EMPLOYEES' ARE REQUIRED TO SIGN CONFLICT OF INTEREST STATEMENTS UPON APPOINTMENT AND HIRE. GENERAL COUNSEL REVIEWS ALL CONTRACTS BEFORE THEY ARE EXECUTED. AS PART OF THAT REVIEW, QUESTIONS MAY ARISE REGARDING THE OTHER PARTY'S KEY STAKEHOLDERS. IF A CONFLICT IS IDENTIFIED, THE GENERAL COUNSEL WILL CONTACT THE RIMS VOLUNTEER WITH THE POTENTIAL CONFLICT, QUESTION HIM/HER ABOUT THE POTENTIAL CONFLICT, AND THEN RELAY ANY INFORMATION TO THE AUDIT COMMITTEE. OF NOTE: WE HAVE NOT ENCOUNTERED ANY CONFLICTS OF INTEREST TO DATE. THE POLICY APPLIES TO DIRECTORS, OFFICERS, COMMITTEE AND COUNCIL VOLUNTEERS, AND KEY STAFF MEMBERS. AS PREVIOUSLY STATED, THE GENERAL COUNSEL WILL MAKE AN INITIAL DETERMINATION ABOUT A POTENTIAL CONFLICT, AFTER WHICH IT WOULD BE FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE INDIVIDUAL WITH THE CONFLICT WILL BE ASKED TO RECUSE HIMSELF/HERSELF FROM ANY DELIBERATIONS OR DECISIONS RELATED TO THE BUSINESS TRANSACTION. IF THE CONFLICT IS DEEMED SUBSTANTIAL, THE INDIVIDUAL MAY BE ASKED TO RESIGN HIS/HER VOLUNTEER POSITION WITH GLOBAL RISK MANAGEMENT INSTITUTE, INC. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTERES POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances FOREIGN CURRENCY EXCHANGE GAIN - 6603; RISK & INSURANCE MANAGEMENT SOCIETY INC 228 PARK AVE S PMB 23312 NEW YORK NY 100031502 131860397 RISK MANAGEMENT IL 501(c)(6) NA false false false false false false false false false false false false false true false false true false false true