2025-11-17T13:44:14-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2024-01-01 061328907 INSURED RETIREMENT INSTITUTE INC INSU 2024693000 1717 K STREET NW SUITE 900 WASHINGTON DC 20006 WAYNE CHOPUS PRESIDENT AND CEO 2024693000 2025-11-17 1 1 ZACHARY SEGAL P01511850 9732283500 2025-11-17 2024 2025-03-06 01:10:19Z X WAYNE CHOPUS 1717 K STREET NW SUITE 900 WASHINGTON DC 20006 9588335 0 X WWW.IRIONLINE.ORG X 1991 CT TO PROMOTE UNDERSTANDING OF AND ADVOCATE ON ISSUES AFFECTING INSURED RETIREMENT STRATEGIES. 38 37 22 40 0 0 0 0 8429726 9275698 5018 15134 -66934 -8548 8367810 9282284 0 0 0 0 5280969 5805530 0 0 0 2801782 3189468 8082751 8994998 285059 287286 9201441 8370490 7454018 6335781 1747423 2034709 X THE MISSION OF THE INSURED RETIREMENT INSTITUTE IS TO: A. TO CHAMPION RETIREMENT SECURITY FOR ALL AMERICANS THROUGH LEADERSHIP IN ADVOCACY, AWARENESS, RESEARCH, AND ADVANCEMENT OF TECHNOLOGY SOLUTIONS WITHIN A COLLABORATIVE INDUSTRY COMMUNITY; ANDB. TO DO SUCH OTHER AND FURTHER THINGS AS MAY SERVE AND PROMOTE THE INDUSTRY AND THE COMMON BUSINESS INTERESTS OF ITS MEMBERSHIP 0 0 MEMBERSHIP & ENGAGEMENT:MEMBERSHIP SERVICES PROVIDES EDUCATION AND INFORMATION TO ASSOCIATION MEMBERS. THIS INCLUDES CONFERENCES THAT BRING TOGETHER ASSOCIATION MEMBERS AND OTHERS INTERESTED IN ANNUITY AND RETIREMENT PRODUCTS TO EDUCATE THEM ON CURRENT ISSUES, INCLUDING PRODUCT FEATURES AND BENEFITS. ADVOCACY:THE ASSOCIATION'S ADVOCACY PROGRAMS SEEK TO ADVANCE PUBLIC POLICY SOLUTIONS THAT EXPAND ACCESS TO WORKPLACE RETIREMENT PLANS AND PROTECTED INCOME PRODUCTS AND TO ENSURE ACCESS TO CONSUMERS' CHOICE OF PROFESSIONAL FINANCIAL GUIDANCE, AMONG OTHER PRIORITIES. OPERATIONS & TECHNOLOGY:THE ASSOCIATION'S OPERATIONS & TECHNOLOGY PROGRAMS SUPPORT THE INDUSTRY'S DEVELOPMENT OF DIGITAL SOLUTIONS FOR THE PURPOSE OF MEETING THE PRODUCT NEEDS AND SERVICE EXPECTATIONS OF FINANCIAL PROFESSIONALS AND CONSUMERS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 12 0 1 22 1 0 0 0 0 1 1 0 1 0 X 38 37 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X WAYNE CHOPUS 2024693001 1717 K STREET NW SUITE 900 WASHINGTON DC 20006 BILL LOWE DIRECTOR 2.00 X 0 0 0 BOB MCGOWAN DIRECTOR 2.00 X 0 0 0 CHRISTIE LOFTUS DIRECTOR 2.00 X 0 0 0 CHRISTOPHER GRADY DIRECTOR 2.00 X 0 0 0 COLBERT NARCISSE DIRECTOR (AS OF 5/24) 2.00 X 0 0 0 COLLEEN TYCZ DIRECTOR (AS OF 9/24) 2.00 X 0 0 0 COREY WALTHER EXECUTIVE OFFICER, VICE CHAIR 2.00 X X 0 0 0 CRAIG HAWLEY DIRECTOR (AS OF 8/24) 2.00 X 0 0 0 DEV GANGULY DIRECTOR 2.00 X 0 0 0 DOUG BRIGMAN DIRECTOR (UNTIL 8/24) 2.00 X 0 0 0 DYLAN TYSON DIRECTOR 2.00 X 0 0 0 ERIC HENDERSON DIRECTOR (UNTIL 8/24) 2.00 X 0 0 0 GRAHAM DAY DIRECTOR (UNTIL 5/24) 2.00 X 0 0 0 JACOB ARMSTRONG DIRECTOR (UNTIL 9/24) 2.00 X 0 0 0 JAMIE OHL DIRECTOR 2.00 X 0 0 0 JAY JACKSON DIRECTOR (AS OF 5/24) 2.00 X 0 0 0 JEFF LORENZEN DIRECTOR (AS OF 8/24) 2.00 X 0 0 0 JOE NEARY DIRECTOR 2.00 X 0 0 0 JOE SCHULTZ DIRECTOR 2.00 X 0 0 0 JOHN KENNEDY DIRECTOR 2.00 X 0 0 0 JOHN SCHOBEL DIRECTOR 2.00 X 0 0 0 JORDAN JACKSON DIRECTOR (AS OF 8/24) 2.00 X 0 0 0 JOSEPH TOLEDANO DIRECTOR 2.00 X 0 0 0 KATHERINE ROY DIRECTOR 2.00 X 0 0 0 KEVIN KENNEDY DIRECTOR 2.00 X 0 0 0 LAURA PANTALEO DIRECTOR 2.00 X 0 0 0 MARCI GREEN DIRECTOR 2.00 X 0 0 0 MATTHEW WION DIRECTOR (AS OF 5/24) 2.00 X 0 0 0 MELISSA KIVETT DIRECTOR (UNTIL 4/24) 2.00 X 0 0 0 MICHAEL EUSTIC DIRECTOR 2.00 X 0 0 0 MICHAEL STURM DIRECTOR 2.00 X 0 0 0 MYLES LAMBERT DIRECTOR 2.00 X 0 0 0 PAUL LUCAS DIRECTOR 2.00 X 0 0 0 PAULA NELSON EXECUTIVE OFFICER, TREASURER 2.00 X X 0 0 0 PETE LANDRY DIRECTOR (UNTIL 8/24) 2.00 X 0 0 0 PHILIP PELLEGRINO EXECUTIVE OFFICER, CHAIR 2.00 X X 0 0 0 ROBERT JAMEISON DIRECTOR 2.00 X 0 0 0 ROBERT PETTMAN DIRECTOR (UNTIL 4/24) 2.00 X 0 0 0 SEAN BAKER DIRECTOR 2.00 X 0 0 0 SRINIVAS REDDY DIRECTOR 2.00 X 0 0 0 STEVE SCANLON DIRECTOR 2.00 X 0 0 0 TERRI FIEDLER DIRECTOR 2.00 X 0 0 0 TIM FROEHLICH DIRECTOR (AS OF 9/24) 2.00 X 0 0 0 TODD TAYLOR DIRECTOR (UNTIL 5/24) 2.00 X 0 0 0 WAYNE CHOPUS PRESIDENT AND CEO 39.50 X X 1055626 0 60203 WESLEY SEVERIN DIRECTOR 2.00 X 0 0 0 CHRISTINA BRADY CHIEF OPERATING OFFICER (UNTIL 10/24) 37.50 X 236286 0 39730 SHANI ARMON CHIEF OPERATING OFFICER (AS OF 10/24) 37.50 X 324634 0 20005 JASON BERKOWITZ CHIEF LEGAL AND REGULATORY OFFICER 37.50 X 403411 0 65823 PAUL RICHMAN CHIEF GOVERNMENT AND POLITICAL AFFAIRS OFFICER 37.50 X 341161 0 42022 DANIEL ZIELINSKI CHIEF STRATEGIC COMMUNICATIONS OFFICER 37.50 X 221582 0 51326 FRANCIS O'CONNOR VP, RESEARCH 37.50 X 206065 0 48749 KATHERINE DEASE CHIEF TECHNOLOGY AND INNOVATION OFFICER 37.50 X 324048 0 18901 REBECCA PLOWMAN DIRECTOR, COMPLIANCE AND IMPLEMENTATION 37.50 X 159446 0 12848 SARAH WOOD DIRECTOR, STATE POLICY AND REGULATORY AFFAIRS 37.50 X 170862 0 17490 3443121 0 377097 10 0 1 0 FORBES TATE PARTNERS LLC 3317 S HIGLEY RD SUITE 114-473 GILBERT AZ 85297 LOBBYING SERVICES 217623 COHNREZNICK ADVISORY LLC 14 SYLVAN WAY 3RD FLOOR PARSIPPANY NJ 07054 ACCOUNTING SERVICES 161725 2 MEMBERSHIP 611710 5719173 5719173 CONFERENCES 611710 1757911 1757911 INDUSTRY WIDE TRAINING 611710 1030000 1030000 PREMIER ALLIANCE PROGR 611710 703513 703513 COOPERATIVE TECHNOLOGI 611710 65101 65101 9275698 15134 15134 268926 306051 -37125 -37125 -37125 28577 28577 28577 9282284 9304275 0 -21991 2588901 2699794 103295 123206 290334 365795 250190 217623 107716 11399 302065 291100 268647 1261168 71523 STAFF TRAINING & DEVELO 27916 SPONSORSHIP EVENTS 10872 3454 8994998 6395503 6567735 1006386 1148868 162452 131108 288252 292131 933874 905187 76113 28687 432206 158189 840529 43772 9201441 8370490 241010 368914 5816845 5736375 1396163 230492 7454018 6335781 X 1747423 2034709 0 0 1747423 2034709 9201441 8370490 287286 0 X 0 1 X 1 0 0 0 0 0 1 5719173 217623 -1280465 -1062842 857876 -1920718 424226 406550 17676 509648 498637 11011 28687 RIGHT OF USE LIABILITY 210913 DEFERRED COMPENSATION 19579 230492 X 9732456 450172 450172 9282284 0 9282284 9456549 461551 461551 8994998 0 8994998 PART X, LINE 2: THE INSTITUTE EVALUATES UNCERTAINTY IN INCOME TAX POSITIONS BASED ON A MORE-LIKELY-THAN-NOT RECOGNITION STANDARD. IF THAT THRESHOLD IS MET, THE TAX POSITION IS THEN MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO ACCRUALS FOR UNCERTAIN TAX POSITIONS. IF APPLICABLE, THE INSTITUTE RECORDS INTEREST AND PENALTIES AS A COMPONENT OF INCOME TAX EXPENSE. TAX YEARS FROM 2021 THROUGH THE CURRENT YEAR REMAIN OPEN FOR EXAMINATION BY TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: AFFILIATE REMOVED FROM CONSOLIDATED TOTAL 144,121. RENTAL EXPENSES RECLASSIFIED TO REVENUE 306,051. PART XII, LINE 2D - OTHER ADJUSTMENTS: AFFILIATE REMOVED FROM CONSOLIDATED TOTAL 155,500. RENTAL EXPENSES RECLASSIFIED TO REVENUE 306,051. X 0 0 0 WAYNE CHOPUS PRESIDENT AND CEO 580626 0 475000 0 0 0 17250 0 42953 0 1115829 0 0 0 JASON BERKOWITZ CHIEF LEGAL AND REGULATORY OFFICER 323411 0 80000 0 0 0 17250 0 48573 0 469234 0 0 0 PAUL RICHMAN CHIEF GOVERNMENT AND POLITICAL AFFAI 286161 0 55000 0 0 0 14837 0 27185 0 383183 0 0 0 SHANI ARMON CHIEF OPERATING OFFICER (AS OF 10/24 264634 0 60000 0 0 0 7552 0 12453 0 344639 0 0 0 KATHERINE DEASE CHIEF TECHNOLOGY AND INNOVATION OFFI 282048 0 42000 0 0 0 14102 0 4799 0 342949 0 0 0 CHRISTINA BRADY CHIEF OPERATING OFFICER (UNTIL 10/24 236286 0 0 0 0 0 11298 0 28432 0 276016 0 0 0 DANIEL ZIELINSKI CHIEF STRATEGIC COMMUNICATIONS OFFIC 192582 0 29000 0 0 0 10375 0 40951 0 272908 0 0 0 FRANCIS O'CONNOR VP, RESEARCH 180065 0 26000 0 0 0 9684 0 39065 0 254814 0 0 0 SARAH WOOD DIRECTOR, STATE POLICY AND REGULATOR 151362 0 19500 0 0 0 7651 0 9839 0 188352 0 0 0 REBECCA PLOWMAN DIRECTOR, COMPLIANCE AND IMPLEMENTAT 140946 0 18500 0 0 0 7106 0 5742 0 172294 0 0 0 PART I, LINE 7 THE CEO'S BONUS IS DETERMINED BY THE BOARD EXECUTIVE COMMITTEE. EMPLOYEE BONUSES ARE DETERMINED BY THE CEO IN ACCORDANCE WITH THE BOARD-APPROVED BUDGET FOR BONUSES AND ANY BOARD-APPROVED CHANGES THERETO. ALL BONUSES ARE PAID AT THE DISCRETION OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 1A INSURED RETIREMENT INSTITUTE, INC. (IRI) HAS ONLY ONE CLASS OF MEMBERS. EACH MEMBER OF THE CORPORATION SHALL BE ENTITLED TO ONE (1) VOTE FOR THE ELECTION OF DIRECTORS OF THE CORPORATION. SUCH VOTE MAY BE CONDUCTED BY MAIL OR ELECTRONIC MEANS. MEMBERS SHALL HAVE NO OTHER VOTING RIGHTS. A MEMBER MAY AUTHORIZE ANOTHER PERSON OR PERSONS TO ACT FOR IT BY PROXY, BUT NO PROXY SHALL BE VOTED OR ACTED UPON AFTER ELEVEN MONTHS FROM THE DATE THEREOF, UNLESS A LONGER PERIOD IS EXPRESSLY PROVIDED IN THE APPOINTMENT. FORM 990, PART VI, SECTION A, LINE 2 JOHN KENNEDY AND KEVIN KENNEDY HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 INSURED RETIREMENT INSTITUTE, INC. (IRI) HAS ONLY ONE CLASS OF MEMBERS. EACH MEMBER OF THE CORPORATION SHALL BE ENTITLED TO ONE (1) VOTE FOR THE ELECTION OF DIRECTORS OF THE CORPORATION. SUCH VOTE MAY BE CONDUCTED BY MAIL OR ELECTRONIC MEANS. MEMBERS SHALL HAVE NO OTHER VOTING RIGHTS. A MEMBER MAY AUTHORIZE ANOTHER PERSON OR PERSONS TO ACT FOR IT BY PROXY, BUT NO PROXY SHALL BE VOTED OR ACTED UPON AFTER ELEVEN MONTHS FROM THE DATE THEREOF, UNLESS A LONGER PERIOD IS EXPRESSLY PROVIDED IN THE APPOINTMENT. FORM 990, PART VI, SECTION A, LINE 7A THERE SHALL BE AN EXECUTIVE COMMITTEE COMPOSED OF THE CHAIR, IMMEDIATE PAST CHAIR (IF STILL IN SERVICE AS A DULY ELECTED DIRECTOR), PRESIDENT, VICE CHAIR, TREASURER, SECRETARY, AND SUCH OTHER DIRECTORS AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE HAS AUTHORITY TO TAKE ACTION FOR THE CORPORATION IN ACCORDANCE WITH ITS CERTIFICATE OF INCORPORATION AND BYLAWS AND THE POLICIES AND INSTRUCTIONS OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B COHNREZNICK LLP WILL PROVIDE THE COMPLETED 990 TO IRI. THE CHIEF OPERATING OFFICER WILL REVIEW THE 990 AND MAKE SURE IT BALANCES BACK TO THE FINANCIAL STATEMENTS AND THE CHIEF LEGAL OFFICER WILL REVIEW THE 990 FOR ACCURACY AND COMPLETENESS. THEN THE PRESIDENT/CHIEF EXECUTIVE OFFICER WILL REVIEW AND SIGN THE 990. A COPY OF THE 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS. IF THERE IS SUFFICIENT TIME BEFORE THE FILING DUE DATE, THE BOARD WILL REVIEW, DISCUSS, AND APPROVE THE 990 BEFORE IT IS ELECTRONICALLY FILED WITH THE IRS. OTHERWISE, THE BOARD WILL REVIEW, DISCUSS AND APPROVE OR RECOMMEND AN AMENDMENT OF THE 990 AFTER IT HAS BEEN ELECTRONICALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C PURSUANT TO THE CONFLICT OF INTEREST POLICY ADOPTED BY THE BOARD OF DIRECTORS, ALL MEMBERS OF THE BOARD OF DIRECTORS AND ALL OFFICERS HAVE A FIDUCIARY DUTY TO ACT AT ALL TIMES IN THE BEST INTERESTS OF THE ASSOCIATION, AND HAVE AN AFFIRMATIVE OBLIGATION TO (1) IDENTIFY AND DISCLOSE THE EXISTENCE OF ANY FACTS OR CIRCUMSTANCES THAT MAY CONSTITUTE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, AND (2) MINIMIZE THE IMPACT OF SUCH CONFLICTS ON THE ACTIONS OF IRI WHENEVER POSSIBLE. WHEN ACTING IN THEIR CAPACITY AS A DIRECTOR OR OFFICER, ALL DIRECTORS AND OFFICERS MUST DISCLOSE ANY BUSINESS, PROFESSIONAL, OR PERSONAL INTEREST OR OTHER CONFLICT OF INTEREST IN A MATTER OR ANY RELATIONSHIP THAT MAY CALL INTO QUESTION WHETHER THE COVERED INDIVIDUAL IS ACTING IN THE BEST INTERESTS OF THE ASSOCIATION BEFORE PARTICIPATING IN ANY DECISION-MAKING OR TAKING ANY ACTION ON BEHALF OF THE ASSOCIATION REGARDING THAT MATTER. ALL DIRECTORS AND OFFICERS MUST SUBORDINATE PERSONAL, BUSINESS, THIRD-PARTY, AND OTHER INTERESTS TO THE WELFARE AND BEST INTERESTS OF THE ASSOCIATION. THE BOARD OF DIRECTORS HAS DELEGATED ITS AUTHORITY TO REVIEW AND RESOLVE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST TO THE EXECUTIVE COMMITTEE. ONLY DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE MAY PARTICIPATE IN ANY SUCH REVIEW. THE DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE SHALL DETERMINE WHETHER A CONFLICT EXISTS THAT IS REASONABLY LIKELY TO HAVE A MATERIAL AND ADVERSE IMPACT ON THE INTERESTS OF THE ASSOCIATION, AND IF SO, THE EXECUTIVE COMMITTEE SHALL DETERMINE WHETHER DISCLOSURE IS SUFFICIENT TO ADDRESS THE CONFLICT OR IF FURTHER REMEDIAL MEASURES ARE REQUIRED. REMEDIAL MEASURES MAY INCLUDE BUT ARE NOT LIMITED TO RECUSAL OF THE COVERED INDIVIDUAL FROM DELIBERATION, DEBATE, AND/OR VOTING RELATED TO PARTICULAR MATTERS PENDING BEFORE THE BOARD OR OTHER IRI MEMBER GROUPS. THE SPECIFIC RESPONSE WILL BE DETERMINED BASED ON THE NATURE OF THE CONFLICT, ITS POTENTIAL FOR AFFECTING THE COVERED INDIVIDUAL'S UNDIVIDED LOYALTY TO IRI, THE SIGNIFICANCE OF THE IRI DECISION OR ACTION, AND ANY OTHER RELEVANT FACTORS. THE EXECUTIVE COMMITTEE SHALL INFORM THE BOARD OF SUCH DETERMINATIONS AND REMEDIAL MEASURES. THE BOARD RETAINS ULTIMATE ENFORCEMENT AUTHORITY WITH RESPECT TO THE INTERPRETATION AND APPLICATION OF THIS POLICY AND AS SUCH, MAY MODIFY OR REVERSE SUCH DETERMINATIONS AND REMEDIAL MEASURES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT/CHIEF EXECUTIVE OFFICER (CEO)'S PERFORMANCE ANNUALLY AND DETERMINES THE OFFICER'S SALARY INCREASE OR BONUS. THE PRESIDENT/CEO DETERMINES COMPENSATION ADJUSTMENTS FOR ALL OTHER STAFF. JOB DESCRIPTIONS WERE UPDATED IN 2020 AND A COMPLETE COMPENSATION REVIEW WAS CONDUCTED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. INSURED RETIREMENT INSTITUTE POLITICAL ACTION COMMITTEE 1717 K STREET NW SUITE 900 WASHINGTON DC 20006 273719919 POLITICAL ACTION COMMITTEE DC 527 INSURED RETIREMENT INSTITUTE INC 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0