2024-11-11T15:42:25-06:00 2023-12-31 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2023-01-01 521811691 THE COUNCIL FOUNDATION COUN 2027834400 701 PENNSYLVANIA AVENUE NW 750 WASHINGTON DC 20004 JOEL R WOOD DIRECTOR & PRESIDENT OF CIAB 2027834400 2024-11-04 1 0 MEREDITH BELL P01696827 8042822121 2024-11-04 2023 2024-10-15 13:58:12Z KEN A CRERAR 701 PENNSYLVANIA AVENUE NW 750 WASHINGTON DC 20004 3040104 0 X WWW.CIAB.COM/THE-COUNCIL-FOUNDATION X 1993 DC THE FOUNDATION'S MISSION IS TO SECURE THE FUTURE OF THE COMMERCIAL INSURANCE BROKERAGE BUSINESS BY ATTRACTING AND DEVELOPING TOMORROW'S TALENT AND SUPPORTING FORWARD-THINKING RESEARCH. 21 20 0 22 0 0 480630 558387 0 0 98496 176471 0 0 579126 734858 483333 503333 0 0 0 0 0 0 0 82658 104617 565991 607950 13135 126908 3044272 3402310 2027 46232 3042245 3356078 THE FOUNDATION'S MISSION IS TO SECURE THE FUTURE OF THE COMMERCIAL INSURANCE BROKERAGE BUSINESS BY ATTRACTING AND DEVELOPING TOMORROW'S TALENT AND SUPPORTING FORWARD-THINKING RESEARCH. 0 0 522767 503333 THE FOUNDATIONS AWARDS SCHOLARSHIPS TO SUPPORT SELECT COLLEGE AND UNIVERSITY STUDENTS CURRENTLY INTERNING AT COUNCIL MEMBER FIRMS THAT ALSO MAJOR IN BUSINESS, RISK MANAGEMENT AND INSURANCE. 522767 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CO X KEN A CRERAR 2027834400 701 PENNSYLVANIA AVENUE NW 750 WASHINGTON DC 20004 MARKHAM MCKNIGHT CHAIR 0.10 0.00 X X 0 0 0 ROBERT COHEN VICE CHAIR 0.10 0.00 X X 0 0 0 GEORGE STEADMAN TREASURER 0.10 0.00 X X 0 0 0 DAVID BECKER DIRECTOR 0.10 0.00 X 0 0 0 HYATT BROWN DIRECTOR 0.10 0.00 X 0 0 0 STEVE DECARLO DIRECTOR 0.10 0.00 X 0 0 0 DAVID ESLICK DIRECTOR 0.10 0.00 X 0 0 0 KEN EWELL DIRECTOR 0.10 0.30 X 0 0 0 BOB HARRISON DIRECTOR 0.10 0.30 X 0 0 0 BILL HENRY DIRECTOR 0.10 0.00 X 0 0 0 TOM HUGHSTON DIRECTOR 0.10 0.00 X 0 0 0 NANCY MELLARD DIRECTOR 0.10 0.30 X 0 0 0 JOHN TALLARIDA DIRECTOR 0.10 0.30 X 0 0 0 ROBERT CAWLEY DIRECTOR 0.10 0.00 X 0 0 0 TARUN CHOPRA DIRECTOR 0.10 0.00 X 0 0 0 LORI GOLTERMANN DIRECTOR 0.10 0.00 X 0 0 0 JOHN HOWARD DIRECTOR 0.10 0.00 X 0 0 0 JEFFREY RODRIGUEZ DIRECTOR 0.10 0.00 X 0 0 0 BUMPY TRICHE DIRECTOR 0.10 0.00 X 0 0 0 MICHAEL VICTORSON DIRECTOR 0.10 0.00 X 0 0 0 JOEL R WOOD DIRECTOR & PRESIDENT OF CIAB 0.00 37.50 X 0 951199 88859 KEN A CRERAR SECRETARY & CEO OF CIAB 1.87 35.63 X 88626 1683895 55334 BENITA HARRISON-WICKLINE CFO 1.87 35.63 X 19823 376630 75084 ELIZABETH MCDAID SVP, MKTG & COMM 1.13 36.37 X 18080 343505 70335 SUSAN RUSHFORD SVP, LEADERSHIP & MGMT 1.87 35.63 X 11043 357072 65660 NICOLE VASILE VP, MARKETING & COMMUNICATIONS 1.87 35.63 X 9412 178821 53632 146984 3891122 408904 0 0 1 0 0 558387 558387 60982 60982 2420735 2305246 115489 115489 115489 734858 0 0 176471 108333 108333 395000 395000 17679 17679 20268 20268 968 968 TAXES, LICENSES, & FEES 46268 46268 PROGRAMS/GRANTS/RESEARC 19434 19434 607950 522767 85183 0 502486 432132 5193 42753 11075 2110310 1569694 369247 1210430 57036 136226 3044272 3402310 2027 46232 2027 46232 X 2404135 2615217 638110 740861 3042245 3356078 3044272 3402310 X 126908 181925 5000 X 0 1 X 1 0 X X 1 COUNCIL OF INSURANCE AGENTS & BROKERS 131952497 10 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B: DETERMINATION IS MADE ON A CONTINUAL BASIS THROUGH THE MONITORING OF SUPPORTED ORGANIZATION REVENUES AND INVESTMENT INCOME, IN ACCORDANCE WITH THE REQUIREMENTS OF THE IRC SECTION 509(A)(2) PUBLIC SUPPORT TEST. PART IV, SECTION A, LINE 3C: THE FOUNDATION DOES NOT PROVIDE DIRECT SUPPORT TO ITS SUPPORTED ORGANIZATION. RATHER, IT PURSUES CHARITABLE PURPOSES THAT FURTHER THE EDUCATIONAL PURPOSES OF THE ORGANIZATION IT SUPPORTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 307080 25000 29946 10000 352026 360393 -43313 10000 307080 343257 27136 10000 360393 316187 32070 5000 343257 292773 33414 10000 316187 0.00000 1.00000 0.00000 0 0 0 458-ISHARES CORE S&P 500 ETF (IVV) 218755 C 3854-ISHARES MSCI ACWI EX US ETF (ACWX) 196708 C 28448-METROPOLITAN WEST TOT RET BD I (MWTIX) 261446 C 26628-LOOMIS SAYLES INVST GRADE BD Y (LSIIX) 264157 C 2714-ISHARES CORE U.S. AGGREGATE (AGG) 269364 C 1210430 1099334 181925 202819 384744 714590 20268 20268 734858 785501 202819 202819 582682 20268 5000 25268 607950 PART V, LINE 4: SCHOLARSHIPS TO PURSUE CAREERS IN RISK MANAGEMENT AND INSURANCE. PART XII, LINE 4B - OTHER ADJUSTMENTS: 2022 SCHOLARSHIP EXPENSE RETURNED TO COUNCIL FOUNDATION IN 2023 5,000. 1 GAMMA IOTA SIGMA PO BOX 227 NORRISTOWN PA 19404 237087235 501(C)(3) 25000 0 SUSTAINING PARTNER UNIVERSITY OF MISSISSIPPI FOUNDATION 406 UNIVERSITY AVENUE OXFORD MS 38655 237310293 501(C)(3) 83333 0 SCHOOL INITIATIVE FUND 2 0 SCHOLARSHIPS TO PURSUE CAREERS IN RISK MANAGEMENT AND INSURANCE 79 395000 PART I, LINE 2: GRANTEES ARE REQUIRED TO PROVIDE REGULAR REPORTS OF THEIR ACTIVITIES. 0 1 0 0 0 0 0 0 0 KEN A CRERAR SECRETARY & CEO OF CIAB 57518 1092851 27500 522500 3608 68544 2175 41325 592 11242 91393 1736462 0 0 JOEL R WOOD DIRECTOR & PRESIDENT OF CIAB 0 862969 0 50000 0 38230 0 43500 0 45359 0 1040058 0 0 BENITA HARRISON-WICKLINE CFO 17100 324895 850 16150 1873 35585 132 46967 78 27906 20033 451503 0 0 SUSAN RUSHFORD SVP, LEADERSHIP & MGMT 10506 339715 510 16490 27 867 1305 42195 665 21495 13013 420762 0 0 ELIZABETH MCDAID SVP, MKTG & COMM 16260 308931 750 14250 1070 20324 2715 41325 1342 25493 22137 410323 0 0 NICOLE VASILE VP, MARKETING & COMMUNICATIONS 8046 152876 1362 25878 4 67 1167 22164 1515 28786 12094 229771 0 0 PART I, LINE 3 THE COUNCIL FOUNDATION, INC. DOES NOT COMPENSATE ANY EMPLOYEES DIRECTLY. ALL COMPENSATION SHOWN IN PART VII AND SCHEDULE J, PART II, IS PAID BY ITS RELATED ORGANIZATION, COUNCIL OF INSURANCE AGENTS AND BROKERS. THE COMPENSATION POLICY FO THE RELATED ORGANIZATION IS AS FOLLOWS: THE COMPENSATION COMMITTEE REVIEWS AND APPROVES COMPENSATION BASED ON CURRENT ENVIRONMENT, COMPETITIVE MARKET, AND THE REPORTS OF COMPENSATION SURVEYS, STUDIES AND OTHER MARKET DATA. PART I, LINE 4B EFFECTIVE JANUARY 1, 2013, THE COUNCIL (A RELATED ORGANIZATION) ESTABLISHED A DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. KEN CRERAR, 457(F): NO CONTRIBUTION DURING CALENDAR YEAR 2023. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CEO AND THE CFO OF THE COUNCIL. PRIOR TO FILING THE COUNCIL FOUNDATION BOARD OF DIRECTORS ALSO HAVE AN OPPORTUNITY TO REVIEW THE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REQUIRES DIRECTORS TO DISCLOSE ANNUALLY ANY INTEREST THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS ANNUAL REPORTS, GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: 2022 SCHOLARSHIP EXPENSE RETURNED TO COUNCIL FOUNDATION IN 2023 5,000. COUNCIL OF INSURANCE AGENTS & BROKERS 701 PENNSYLVANIA AVENUE NW 750 WASHINGTON DC 20004 131952497 PROMOTE LEADERSHIP IN INSURANCE AGENT/BROKER PROFESSION DC 501(C)(6) N/A 0 PRODUCTIVITY PLUS INC 701 PENNSYLVANIA AVE NW WASHINGTON DC 20004 521811694 INSURANCE PREMIUM FINANCING AND OTHER ACTIVITIES DC N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 COUNCIL OF INSURANCE AGENTS & BROKERS D 136226 FMV COUNCIL OF INSURANCE AGENTS & BROKERS O 202819 COST