2024-12-04T09:07:12-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2022-01-01 814966111 MDRT ACADEMY MDRT 8476926378 325 W TOUHY AVE PARK RIDGE IL 60068 STEPHEN P STAHR CEO 8476926378 2024-11-20 1 1 MELISSA STRUCK P01310867 6305738600 2024-11-14 2022 2024-10-15 13:58:12Z X STEPHEN P STAHR 325 W TOUHY AVE PARK RIDGE IL 60068 263725 0 X WWW.MDRT.ORG X 2017 IL A PROFESSIONAL ASSOCIATION AND COMMUNITY FOR ADVISORS STRIVING TO ACHIEVE MDRT-LEVEL PRODUCTION THAT'S AVAILABLE IN AN ENTIRELY MOBILE WORLD. 5 5 0 10 0 0 0 0 192225 263725 0 0 0 0 192225 263725 0 0 0 0 0 0 0 0 0 2216916 3084417 2216916 3084417 -2024691 -2820692 620343 1001138 2645034 5846520 -2024691 -4845382 A PROFESSIONAL ASSOCIATION AND COMMUNITY FOR ADVISORS STRIVING TO ACHIEVE MDRT-LEVEL PRODUCTION THAT'S AVAILABLE IN AN ENTIRELY MOBILE WORLD. 0 0 BACKED BY MDRT'S CULTURE OF SHARING, WHICH IS PROVEN TO EMPOWER GROWTH, THE MDRT ACADEMY'S TECHNOLOGY-ENABLED SYSTEM DELIVERS INNOVATIVE IDEAS FROM MDRT EXPERTS AND PREMIER COACHES. MDRT ACADEMY MEMBERS CAN ALSO GET REAL-TIME, REAL-LIFE ANSWERS TO REAL-WORLD CHALLENGES FROM THE MDRT ACADEMY MOBILE COMMUNITY. 0 0 0 1 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 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X THE ORGANIZATION 8476926378 325 W TOUHY AVE PARK RIDGE IL 60068 IAN GREEN PAST PRESIDENT 1.00 5.00 X X 0 29720 0 RANDY SCRITCHFIELD PAST PRESIDENT 1.00 10.00 X X 0 49980 0 PEGGY TSAI PRESIDENT 1.00 5.00 X X 0 52680 0 GREG GAGNE 1ST VICE PRESIDENT 1.00 5.00 X X 0 47280 0 CAROL KHENG 2ND VICE PRESIDENT 1.00 5.00 X X 0 44580 0 JOHN NICHOLS SECRETARY 1.00 5.00 X X 0 14860 0 STEPHEN STAHR CEO 1.00 39.00 X 0 921768 163949 MARK LEON SENIOR DIRECTOR, FINANCE 10.00 40.00 X 0 263030 1761 0 1423898 165710 0 0 1 0 0 MEMBERSHIP INCOME 611430 263725 263725 263725 263725 263725 0 0 X 18107 1092707 306117 35 1537408 2440 18942 CONTENT DEVELOPMENT 93108 MISCELLANEOUS EXPENSE 15553 3084417 619815 652070 528 349068 620343 1001138 478494 274548 2475 135300 2164065 5436672 2645034 5846520 X -2024691 -4845382 -2024691 -4845382 620343 1001138 -2820692 1 0 X X 0 1 X 1 0 0 1 0 0 DUE TO AFFILIATE 5436672 5436672 X PART X, LINE 2: MDRT ACADEMY FOLLOWS THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. MDRT HAS DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022. 1 1 0 STEPHEN STAHR CEO 0 753375 0 162003 0 6390 0 137632 0 26317 0 1085717 0 0 MARK LEON SENIOR DIRECTOR, FINANCE 0 258300 0 3435 0 1295 0 0 0 1761 0 264791 0 0 PART I, LINES 4A-B THE FOLLOWING PERSON RECEIVED BENEFITS FROM OR OTHERWISE PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (RELATED PARTY FUNDING BETWEEN MDRT AND ACADEMY): STEPHEN STAHR - ACCRUED AN ADDITIONAL $124,367 IN FY2022 (DOES NOT VEST UNTIL RETIREMENT DATE IS REACHED). THE FOLLOWING PERSON RECEIVED A SEVERANCE PAYMENT IN 2022: MARK LEON - $67,234 FORM 990, PART VI, SECTION A, LINE 1A THE MDRT ACADEMY IS GOVERNED AND MANAGED BY THE MILLION DOLLAR ROUND TABLE EXECUTIVE COMMITTEE WHICH FUNCTIONS AS THE BOARD OF GOVERNANCE. THE COMMITTEE HAS FIVE VOTING OFFICERS AND INCLUDES THE CHIEF EXECUTIVE OFFICER AS EX-OFFICIO, NON-VOTING MEMBER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP: QUALIFYING. THIS CLASS OF MEMBERSHIP SHALL BE A PRIVILEGE WHICH MAY BE GRANTED OR WITHHELD EACH YEAR BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION SUPPLIED BY MANAGEMENT. A DRAFT OF THE RETURN IS REVIEWED BY MANAGEMENT WITH ANY APPROPRIATE CHANGES BEING INCORPORATED INTO THE DOCUMENT BEFORE BEING PROVIDED TO THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH EXECUTIVE COMMITTEE MEMBER IS REQUIRED TO AGREE TO THE CONFLICT OF INTEREST POLICY AND ACKNOWLEDGES THIS BY SIGNING THE CONFLICT OF INTEREST POLICY STATEMENT ON AN ANNUAL BASIS. COMPLIANCE IS MONITORED BY THE EXECUTIVE COMMITTEE ON AN ANNUAL BASIS. THE POLICY REQUIRES FULL AND PROMPT DISCLOSURE TO THE EXECUTIVE COMMITTEE OF ALL RELEVANT FACTS REGARDING ANY POSSIBLE CONFLICTS OF INTEREST. EACH EXECUTIVE COMMITTEE MEMBER AGREES TO INFORM IN WRITING AN OFFICER OF MDRT NOT AFFECTED BY THE CONFLICT. THEY MUST THEN REFRAIN FROM EXECUTIVE COMMITTEE DISCUSSION WITH RESPECT TO THE MATTER AND REFRAIN FROM VOTING ON THE MATTER. 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. FORM 990, PART IX, LINE 11G BANK FEES 1,691. PROFESSIONAL FEES 1,091,016. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PART 1, SECTION B 1 FORM 990, PAGE 1, PART I, LINE 4 NUMBER OF INDEPENDENT VOTING MEMBERS OF THE GOVERNING BODY ORIGINAL AMOUNT - AMENDED AMOUNT 5 UPDATES NECESSARY TO AGREE TO FINAL AUDITED FINANCIAL STATEMENTS. FORM 990, PAGE 1, PART I, LINE 17 OTHER EXPENSES ORIGINAL AMOUNT 2,784,541 AMENDED AMOUNT 3,084,417 FORM 990, PAGE 1, PART I, LINE 18 TOTAL EXPENSES ORIGINAL AMOUNT 2,784,541 AMENDED AMOUNT 3,084,417 FORM 990, PAGE 1, PART I, LINE 19 REVENUE LESS EXPENSES ORIGINAL AMOUNT -2,520,816 AMENDED AMOUNT -2,820,692 FORM 990, PAGE 1, PART I, LINE 20 TOTAL ASSETS ORIGINAL AMOUNT 1,007,161 AMENDED AMOUNT 1,001,138 FORM 990, PAGE 1, PART I, LINE 21 TOTAL LIABILITIES ORIGINAL AMOUNT 5,552,668 AMENDED AMOUNT 5,846,520 FORM 990, PAGE 1, PART I, LINE 22 NET ASSETS OR FUND BALANCES ORIGINAL AMOUNT -4,545,507 AMENDED AMOUNT -4,845,382 2 FORM 990, PAGE 3, PART IV, LINE 11F "F) DID THE ORGANIZATION'S SEPARATE OR CONSOLIDATED FINANCIAL STATEMENTS FOR THE TAX YEAR INCLUDE A FOOTNOTE THAT ADDRESSES THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740)? ORIGINAL AMOUNT NO AMENDED AMOUNT YES UPDATES NECESSARY TO AGREE TO FINAL AUDITED FINANCIAL STATEMENTS. FORM 990, PAGE 3, PART IV, LINE 12B B) WAS THE ORGANIZATION INCLUDED IN CONSOLIDATED, INDEPENDENT AUDITED FINANCIAL STATEMENTS FOR THE TAX YEAR? ORIGINAL AMOUNT NO AMENDED AMOUNT YES FORM 990, PAGE 6, PART VI, SECTION A, LINE 1B ENTER THE NUMBER OF VOTING MEMBERS INCLUDED ON LINE 1A, ABOVE, WHO ARE INDEPENDENT ORIGINAL AMOUNT - AMENDED AMOUNT 5 FORM 990, PAGE 7, PART VII, SECTION A, LINE 1, COLUMN (B) AVERAGE HOURS PER WEEK FOR RELATED ORGANIZATIONS BELOW DOTTED LINE ORIGINAL AMOUNT 50 AMENDED AMOUNT 39 FORM 990, PAGE 7, PART VII, SECTION A, LINE 1, COLUMN (E) STEPHEN STAHR: REPORTABLE COMPENSATION FROM RELATED ORGANIZATIONS ORIGINAL AMOUNT 931,119 AMENDED AMOUNT 921,768 FORM 990, PAGE 7, PART VII, SECTION A, LINE 1, COLUMN (F) STEPHEN STAHR: ESTIMATED AMOUNT OF OTHER COMPENSATION FROM THE ORGANIZATION AND RELATED ORGANIZATIONS ORIGINAL AMOUNT 224,711 AMENDED AMOUNT 163,949 FORM 990, PAGE 7, PART VII, SECTION A, LINE 1, COLUMN (E) MARK LEON: REPORTABLE COMPENSATION FROM RELATED ORGANIZATIONS ORIGINAL AMOUNT 116,780 AMENDED AMOUNT 263,030 FORM 990, PAGE 7, PART VII, SECTION A, LINE 1, COLUMN (F) MARK LEON: ESTIMATED AMOUNT OF OTHER COMPENSATION FROM THE ORGANIZATION AND RELATED ORGANIZATIONS ORIGINAL AMOUNT 13,101 AMENDED AMOUNT 1,761 3 FORM 990, PAGE 10, PART IX, COLUMNS A, LINE 11G OTHER ORIGINAL AMOUNT 1,091,783 AMENDED AMOUNT 1,092,707 UPDATES NECESSARY TO AGREE TO FINAL AUDITED FINANCIAL STATEMENTS. FORM 990, PAGE 10, PART IX, COLUMNS A, LINE 14 INFORMATION TECHNOLOGY ORIGINAL AMOUNT 1,222,706 AMENDED AMOUNT 1,537,408 FORM 990, PAGE 10, PART IX, COLUMNS A, LINE 24A CONTENT DEVELOPMENT ORIGINAL AMOUNT 108,858 AMENDED AMOUNT 93,108 FORM 990, PAGE 10, PART IX, COLUMN A, LINE 25 TOTAL FUNCTIONAL EXPENSES (TOTAL) ORIGINAL AMOUNT 2,784,541 AMENDED AMOUNT 3,084,417 4 FORM 990, PAGE 11, PART X, LINE 1 CASH - NON-INTEREST-BEARING ORIGINAL AMOUNT 652,993 AMENDED AMOUNT 652,070 UPDATES NECESSARY TO AGREE TO FINAL AUDITED FINANCIAL STATEMENTS. FORM 990, PAGE 11, PART X, LINE 8 INVENTORIES FOR SALE OR USE ORIGINAL AMOUNT 5,100 AMENDED AMOUNT - FORM 990, PAGE 11, PART X, LINE 16 TOTAL ASSETS ORIGINAL AMOUNT 1,007,161 AMENDED AMOUNT 1,001,138 FORM 990, PAGE 11, PART X, LINE 17 ACCOUNTS PAYABLE AND ACCRUED EXPENSES ORIGINAL AMOUNT 178,451 AMENDED AMOUNT 274,548 FORM 990, PAGE 11, PART X, LINE 25 OTHER LIABILITIES ORIGINAL AMOUNT 5,238,917 AMENDED AMOUNT 5,436,672 FORM 990, PAGE 11, PART X, LINE 26 TOTAL LIABILITIES ORIGINAL AMOUNT 5,552,668 AMENDED AMOUNT 5,846,520 FORM 990, PAGE 11, PART X, LINE 27 NET ASSETS WITHOUT DONOR RESTRICTIONS ORIGINAL AMOUNT -4,545,507 AMENDED AMOUNT -4,845,382 FORM 990, PAGE 11, PART X, LINE 32 TOTAL NET ASSETS OR FUND BALANCES ORIGINAL AMOUNT -4,545,507 AMENDED AMOUNT -4,845,382 FORM 990, PAGE 11, PART X, LINE 33 TOTAL LIABILITIES AND NET ASSETS/FUND BALANCES ORIGINAL AMOUNT 1,007,161 AMENDED AMOUNT 1,001,138 5 FORM 990, PAGE 12, PART XI, LINE 2 TOTAL EXPENSES ORIGINAL AMOUNT 2,784,541 AMENDED AMOUNT 3,084,417 FORM 990, PAGE 12, PART XI, LINE 3 REVENUES LESS EXPENSES ORIGINAL AMOUNT -2,520,816 AMENDED AMOUNT -2,820,692 FORM 990, PAGE 12, PART XI, LINE 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS ORIGINAL AMOUNT 0 AMENDED AMOUNT 1 FORM 990, PAGE 12, PART XI, LINE 10 NET ASSETS OR FUND BALANCES ORIGINAL AMOUNT -4,545,507 AMENDED AMOUNT -4,845,382 6 FORM 990, PAGE 12, PART XII, LINE 2B WERE THE ORGANIZATION'S FINANCIAL STATEMENTS AUDITED BY AN INDEPENDENT ACCOUNTANT? ORIGINAL AMOUNT NO AMENDED AMOUNT YES; CONSOLIDATED BASIS UPDATES NECESSARY TO AGREE TO FINAL AUDITED FINANCIAL STATEMENTS. FORM 990, PAGE 12, PART XII, LINE 2C IF "YES" TO LINE 2A OR 2B, DOES THE ORGANIZATION HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT? ORIGINAL AMOUNT NO AMENDED AMOUNT YES 7 SCHEDULE D, PART X, LINE 2 OTHER LIABILITIES: DUE TO AFFILIATE ORIGINAL AMOUNT 5,238,917 AMENDED AMOUNT 5,436,672 UPDATES NECESSARY TO AGREE TO FINAL AUDITED FINANCIAL STATEMENTS. SCHEDULE D, PART X TOTAL ORIGINAL AMOUNT 5,238,917 AMENDED AMOUNT 5,436,672 SCHEDULE D, PART XIII SUPPLEMENTAL INFORMATION FOR PART X, LINE 2 ORIGINAL AMOUNT MDRT ACADEMY FOLLOWS THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. MDRT HAS DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021. AMENDED AMOUNT MDRT ACADEMY FOLLOWS THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. MDRT HAS DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022. 8 SCHEDULE J, PART I, 4A RECEIVE A SEVERANCE PAYMENT OR CHANGE-OF-CONTROL PAYMENT? ORIGINAL AMOUNT NO AMENDED AMOUNT YES UPDATES NECESSARY TO AGREE TO FINAL AUDITED FINANCIAL STATEMENTS. SCHEDULE J, PART II, LINE 1(II), COLUMN (B)(I) STEPHEN STAHR: BASE COMPENSATION ORIGINAL AMOUNT 769,116 AMENDED AMOUNT 753,375 SCHEDULE J, PART II, LINE 1(II), COLUMN (B)(III) STEPHEN STAHR: OTHER REPORTABLE COMPENSATION ORIGINAL AMOUNT - AMENDED AMOUNT 6,390 SCHEDULE J, PART II, LINE 1(II), COLUMN (C) STEPHEN STAHR: RETIREMENT AND OTHER DEFERRED COMPENSATION ORIGINAL AMOUNT 195,528 AMENDED AMOUNT 137,632 SCHEDULE J, PART II, LINE 1(II), COLUMN (D) STEPHEN STAHR: NONTAXABLE BENEFITS ORIGINAL AMOUNT 29,183 AMENDED AMOUNT 26,317 SCHEDULE J, PART II, LINE 1(II), COLUMN (E) STEPHEN STAHR: TOTAL OF COLUMNS (B)-(D) ORIGINAL AMOUNT 1,155,830 AMENDED AMOUNT 1,085,717 SCHEDULE J, PART II, LINE 2(II), COLUMN (B)(I) MARK LEON: BASE COMPENSATION ORIGINAL AMOUNT - AMENDED AMOUNT 258,300 SCHEDULE J, PART II, LINE 2(II), COLUMN (B)(II) MARK LEON: BONUS & INCENTIVE COMPENSATION ORIGINAL AMOUNT - AMENDED AMOUNT 3,435 SCHEDULE J, PART II, LINE 2(II), COLUMN (B)(III) MARK LEON: OTHER REPORTABLE COMPENSATION ORIGINAL AMOUNT - AMENDED AMOUNT 1,295 SCHEDULE J, PART II, LINE 2(II), COLUMN (D) MARK LEON: NONTAXABLE BENEFITS ORIGINAL AMOUNT - AMENDED AMOUNT 1,761 SCHEDULE J, PART II, LINE 2(II), COLUMN (E) MARK LEON: TOTAL OF COLUMNS (B)-(D) ORIGINAL AMOUNT - AMENDED AMOUNT 264,791 SCHEDULE J, PART III SUPPLEMENTAL INFORMATION FOR PART I, LINE 4B ORIGINAL AMOUNT - AMENDED AMOUNT "THE FOLLOWING PERSON RECEIVED BENEFITS FROM OR OTHERWISE PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (RELATED PARTY FUNDING BETWEEN MDRT AND ACADEMY): STEPHEN STAHR - ACCRUED AN ADDITIONAL $124,367 IN FY2022 (DOES NOT VEST UNTIL RETIREMENT DATE IS REACHED). THE FOLLOWING PERSON RECEIVED A SEVERANCE PAYMENT IN 2022: MARK LEON - $67,234" PART 1, SECTION B 9 SCHEDULE R, PART II, COLUMN (E) PUBLIC CHARITY STATUS FOR MDRT FOUNDATION ORIGINAL AMOUNT LINE 7 AMENDED AMOUNT - UPDATES NECESSARY TO AGREE TO FINAL AUDITED FINANCIAL STATEMENTS. SCHEDULE R, PART IV, COLUMN (H) PERCENTAGE OWNERSHIP FOR MDRT BUSINESS SERVICES, INC AND MDRT GLOBAL SERVICES ORIGINAL AMOUNT 0% AMENDED AMOUNT 100% SCHEDULE R, PART IV, COLUMN (I) SECTION 512(B)(13) CONTROLLED ENTITY FOR MDRT BUSINESS SERVICES, INC AND MDRT GLOBAL SERVICES ORIGINAL AMOUNT NO AMENDED AMOUNT YES SCHEDULE R, PART V, SECTION 1 "M: PERFORMANCE OF SERVICES OR MEMBERSHIP OR FUNDRAISING SOLICITATIONS BY RELATED ORGANIZATIONS, N: SHARING OF FACILITIES, EQUIPMENT, MAILING LISTS, OR OTHER ASSETS WITH RELATED ORGANIZATIONS ORIGINAL AMOUNT YES AMENDED AMOUNT NO SCHEDULE R, PART V, SECTION 2, LINE 1 AND 2 TRANSACTIONS WITH MDRT ORIGINAL AMOUNT (1) 5,238,917, (2) 218,168 AMENDED AMOUNT (1) -, (2) - MILLION DOLLAR ROUND TABLE 325 W TOUHY AVENUE PARK RIDGE IL 60068 362138427 INSURANCE AND INVESTMENT PROFESSIONALS NETWORK IL 501(C)(6) N/A 0 MILLION DOLLAR ROUND TABLE FOUNDATION 325 W TOUHY AVENUE PARK RIDGE IL 60068 366080766 GRANT MAKING TO OTHER CHARITABLE ORGANIZATIONS IL 501(C)(3) N/A 0 MDRT BUSINESS SERVICES INC 325 W TOUHY AVE PARK RIDGE IL 60068 842883648 CREATE AND SELL PRODUCTS AND SERVICES IL MILLION DOLLAR ROUND TABLE C 1.00000 1 MDRT GLOBAL SERVICES 325 W TOUHY AVE PARK RIDGE IL 60068 842903878 AN ASSOCIATION DESIGNED FOR INFLUENCERS IN THE INDUSTRY TO ENGAGE WITH MDRT. IL MILLION DOLLAR ROUND TABLE C 1.00000 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0