2025-11-14T21:23:54-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-01-01 134059911 GLOBAL RISK MANAGEMENT INSTITUTE INC GLOB 2122869292 228 PARK AVE S PMB 23312 NEW YORK NY 100031502 GARY LABRANCHE CEO 2122869292 2025-11-14 1 0 X KERRI N BOGDA P00760402 7177404863 2025-11-14 2024 2025-03-06 01:10:19Z THE FOUNDATION FOR RISK MANAGEMENT GARY LABRANCHE 228 PARK AVE S PMB 23312 NEW YORK NY 100031502 557119 0 X N/A X 1999 NY TO SUPPORT & ENCOURAGE THE ADVANCEMENT OF RISK MANAGEMENT. 3 0 0 0 0 0 0 0 341390 0 47249 126248 0 0 388639 126248 0 0 0 0 0 0 0 0 0 171922 145436 171922 145436 216717 -19188 2558903 2600465 24840 46550 2534063 2553915 GLOBAL RISK MANAGEMENT INSTITUTE, INC., DOING BUSINESS AS, THE FOUNDATION FOR RISK MANAGEMENT (FRM), TO SUPPORT THE ADVANCEMENT OF THE RISK MANAGEMENT PROFESSION THROUGH INNOVATION, EDUCATION, AND COMMUNITY ENGAGEMENT. 0 0 1968 0 0 PROFESSIONAL FEES PAID TO DEVELOP RISK MANAGEMENT COURSES AND EDUCATIONAL PROGRAMS. 1968 1 0 0 0 0 0 0 0 0 0 0 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 0 0 1 0 0 0 1 1 0 0 0 1 CA 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 0 0 0 NY X BEREKET HAILE 2122869292 228 PARK AVE S PMB 23312 NEW YORK NY 100031502 GARY LABRANCHE PRESIDENT 0.25 34.75 X X 0 550440 92536 ROBERT PRYSOCK SECRETARY 0.25 34.75 X X 0 271360 41079 KATHERINE GLEDHILL TREASURER 0.25 34.75 X X 0 240090 21900 0 1061890 155515 0 0 1 0 0 66615 66615 490504 430871 59633 59633 59633 126248 0 0 126248 17973 17973 5270 5270 1700 1700 268 268 CRM & RF ADMIN. COSTS 120225 120225 145436 1968 143468 0 632912 609149 383577 336459 6830 6830 1357118 1641504 6523 178466 0 2558903 2600465 24840 12568 0 33982 24840 46550 X 2534063 2553915 2534063 2553915 2558903 2600465 -19188 39040 0 X 0 1 X 1 0 X 368054 366840 325951 341390 1402235 368054 366840 325951 341390 1402235 0 0 0 1402235 14794 21715 30795 51368 66615 185287 14794 21715 30795 51368 66615 185287 382848 388555 356746 392758 66615 1587522 0.88330 0.94060 0.11670 0.05940 X 0 DUE TO/FROM RIMS 33982 33982 X 160018 39040 -5270 33770 126248 0 126248 140166 0 140166 5270 5270 145436 PART X, LINE 2: 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 YEARS ENDED DECEMBER 31, 2024 AND 2023, THERE WERE NO INTEREST OR PENALTIES NECESSARY TO BE RECORDED OR INCLUDED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -5,270. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 5,270. 0 0 0 0 0 0 0 0 0 GARY LABRANCHE PRESIDENT 0 500183 0 50257 0 0 0 30500 0 62036 0 642976 0 0 ROBERT PRYSOCK SECRETARY 0 259360 0 12000 0 0 0 21178 0 19901 0 312439 0 0 KATHERINE GLEDHILL TREASURER 0 230090 0 10000 0 0 0 21121 0 779 0 261990 0 0 PART I, LINE 3 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, SECTION A, LINE 6 RISK AND INSURANCE MANAGEMENT SOCIETY, INC. IS THE SOLE MEMBER OF GLOBAL RISK MANAGEMENT INSTITUTE, INC. FORM 990, PART VI, SECTION A, LINE 7A 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 AUTOMATICALLY 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, SECTION A, LINE 7B ORGANIZATIONAL MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B 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, SECTION B, LINE 12C 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, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. RISK & INSURANCE MANAGEMENT SOCIETY INC 228 PARK AVE S PMB 23312 NEW YORK NY 100031502 131860397 RISK MANAGEMENT IL 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1