2024-11-14T12:55:18+00:00 2023-12-31 350921680 CROWE LLP 401 East Las Olas Blvd Suite 1100 Fort Lauderdale FL 333014230 990 2023-01-01 261339203 LL Global Inc LLGL 8602857741 300 DAY HILL ROAD WINDSOR CT 06095 JANINE EPRIGHT CHIEF FINANCIAL OFFICER 2024-11-14 true true Brittney Kocaj P01320603 9542028600 2024-11-13 2023 2024-10-15 13:58:12Z DAVID LEVENSON 300 DAY HILL ROAD WINDSOR CT 06095 55140718 false X WWW.LIMRA.COM X 2007 CT TO PROVIDE BENEFITS TO THE INSURANCE INDUSTRY AS A WHOLE THROUGH RESEARCH AND EDUCATION. 24 23 360 33 0 0 37500 17500 51967868 53331619 816696 1614009 0 0 52822064 54963128 0 0 0 0 37680334 35627622 0 0 14918250 16643127 52598584 52270749 223480 2692379 70319752 78669683 25165053 29288019 45154699 49381664 TO PROVIDE BENEFITS TO THE INSURANCE INDUSTRY AS A WHOLE THROUGH RESEARCH AND EDUCATION. false false LL GLOBAL, INC IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY AS A PROFESSIONAL AND TRADE ASSOCIATION THROUGH WHICH LIFE INSURANCE, HEALTH INSURANCE, AND OTHER COMPANIES AND PERSONS INVOLVED IN THE FINANCIAL SERVICES OR RETIREMENT SERVICES INDUSTRIES, MAY ENGAGE IN COOPERATIVE ACTIVITIES, HAVING AS THEIR AIM THE IMPROVEMENT OF SUCH COMPANIES AND THEIR OPERATION. THE PURPOSE OF THE CORPORATION SHALL INCLUDE, BUT IS NOT LIMITED TO, THE EXCHANGE OF IDEAS PERTAINING TO COMPANY OPERATIONS, MARKETING, DISTRIBUTION, COOPERATIVE RESEARCH PROJECTS AND EDUCATIONAL PROGRAMS RELATED TO SUCH COMPANIES AND THEIR OPERATIONS. IN FURTHERANCE OF ANY OR ALL THE FOREGOING ACTIVITIES AND PURPOSE, BUT SUBJECT TO THE RESTRICTIONS OF THE CERTIFICATE OF INCORPORATION, THE CORPORATION MAY ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH CORPORATIONS MAY BE INFORMED UNDER THE NONSTOCK ACT. 0 false true false true false false false false false true false false true true true false true false true true false false false false false false false false true false false false false false false false false false false false true true true false true X 65 0 true 360 true false true SN CA CH false false true true false true false X 24 23 true false false false true true true true true false false false true true true true true true true false CT GA X JANINE EPRIGHT 8602857741 300 DAY HILL ROAD WINDSOR CT 06095 Adrian Griggs Chair 5.0 X X 0 0 0 Caroline Feeney Vice Chair 5.0 X X 0 0 0 DAVID LEVENSON PRESIDENT & CEO 33.0 17.0 X X 3006387 0 56168 Neil Sprackling Chair (until Oct 2023) 5.0 X X 0 0 0 Aaron Ball Director 5.0 X 0 0 0 Amy Friedrich Director 5.0 X 0 0 0 Brooks Tingle Director (until Oct 2023) 5.0 X 0 0 0 Chris Blunt Director 5.0 X 0 0 0 Denise McCauley Director (began Oct 2023) 5.0 X 0 0 0 Gordon Watson Director 5.0 X 0 0 0 Jamie Ohl Director (until Oct 2023) 5.0 X 0 0 0 Jasmine Jirele Director 5.0 X 0 0 0 John Cai Director 5.0 X 0 0 0 John Grogan Director (until June 2023) 5.0 X 0 0 0 Jonathan Bennett Director (until Oct 2023) 5.0 X 0 0 0 Joseph Monk Director 5.0 X 0 0 0 Kamilah Williams-Kemp Director (began Oct 2023) 5.0 X 0 0 0 Kevin Molloy Director (began Oct 2023) 5.0 X 0 0 0 Marc Costantini Director (began Oct 2023) 5.0 X 0 0 0 Margaret Meister Director (began Oct 2023) 5.0 X 0 0 0 Mark Holweger Director 5.0 X 0 0 0 Mary Jane Fortin Director (until Oct 2023) 5.0 X 0 0 0 Matthew Grove Director 5.0 X 0 0 0 Max Brodn Director (until July 2023) 5.0 X 0 0 0 Michael Simonds Director (until Oct 2023) 5.0 X 0 0 0 Mike James Director 5.0 X 0 0 0 Paul LaPiana Director (began Oct 2023) 5.0 X 0 0 0 Rene Laflamme Director 5.0 X 0 0 0 Rob Arena Director 5.0 X 0 0 0 Ron Hermann Director (Began Oct 2023) 5.0 X 0 0 0 Todd Katz Director (until Oct 2023) 5.0 X 0 0 0 Todd Solash Director (until Aug 2023) 5.0 X 0 0 0 Wade Harrison Director 5.0 X 0 0 0 Will Fuller Director (Began Oct 2023) 5.0 X 0 0 0 DAVID VUJS ASSISTANT CORPORATE SECRETARY AND CO 50.0 X 134913 0 16794 GINA BIRCHAL CHIEF OPERATING OFFICER 25.0 25.0 X 688257 0 48605 Janine Epright Chief Financial Officer 25.0 25.0 X 439645 0 42765 ALISON SALKA SENIOR VICE PRESIDENT AND DIRECTOR OF RESEARCH 50.0 0.0 X 334325 0 18904 CARIE CRANE VICE PRESIDENT, Professional DEVELOPMENT 50.0 0.0 X 266570 0 39281 John Carroll Corporate Vice President, Member Relations and Sales 50.0 0.0 X 395081 0 47605 KARTIK SAKTHIVEL CHIEF INFORMATION OFFICER 25.0 25.0 X 309656 0 47661 KATHRYN REID VICE PRESIDENT, TALENT SOLUTIONS 50.0 0.0 X 232993 0 39065 Kimberly Terranella VP Industry Solutions 50.0 X 152589 0 5729 MICHELE LABOUFF SENIOR VICE PRESIDENT, HUMAN RESOURCES 50.0 0.0 X 332565 0 43366 SEAN O'DONNELL SENIOR VICE PRESIDENT, MEMBER RELATIONS AND CONSULTING 50.0 0.0 X 394831 0 46178 Tina Beckwith Chief Marketing Officer 25.0 25.0 X 300373 0 45054 Bryan Hodgens Corp Vice President I 50.0 X 216256 0 35803 Christopher Curran CVP Global Brand & Marketing 50.0 X 251010 0 18718 Marianne Purushotham Corporate Vice President I 50.0 X 229280 0 13583 Ronald Rovner National Sales Manager 50.0 0.0 X 253854 0 18276 Terrence Stanwicks 2nd Vice President, CISO Infrastructure 50.0 X 225976 0 21028 8164561 0 604583 136 false true false Marriott Hotel Services Inc 201 Waterfront Street National Harbor MD 20745 Event Services 818589 Meridian Knowledge Solutions LLC PO Box 92083 Las Vegas NV 891932083 Project Management 390940 Grand American Hotel Company 555 South Main Street Salt Lake City UT 84111 Event Services 362645 Hyatt Corporaton 400 New Jersey Ave NW Washington DC 20001 Event Services 341130 CROWE LLP PO Box 71570 Chicago IL 606941570 Accounting Services 222082 13 17500 17500 MEMBERSHIP DUES 611430 33494470 33494470 ENROLLMENT FEES 611430 12199223 12199223 CONFERENCE REVENUE 611430 7307163 7307163 Other Program Service Revenue 611430 330763 330763 0 0 0 0 53331619 1148752 1148752 0 0 642847 177590 465257 0 465257 465257 0 0 0 0 0 54963128 53331619 0 1614009 5499637 23115164 610334 4328626 2073861 255104 259856 3477585 26875 4457932 822873 1190215 4299668 950568 323766 Data Collection 578685 0 52270749 7409971 7216060 2675273 1582938 1379756 3143819 0 0 0 0 3012941 1759318 29553217 25335715 5354590 4217502 35095111 40082744 0 0 15392110 20667302 70319752 78669683 7003873 7004916 3361575 10705959 0 0 14799605 11577144 25165053 29288019 X 45154699 49381664 45154699 49381664 70319752 78669683 X 2692379 1542542 -7956 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false 670000 670000 8711069 6486477 2224592 1315159 1107997 207162 18856989 17741241 1115748 4217502 INTERCOMPANY RECEIVABLE/PAYABLE 18883832 CASH VALUE OF LIFE INSURANCE 956867 Right of Use asset 753011 Deferred Expenses 73592 20667302 RETIREMENT BENEFIT OBLIGATION 10066266 Net Operating Lease Liability 976562 Deferred compensation arrangements 484480 OTHER LIABILITY 49836 11577144 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote LL Global is exempt from federal and state income taxes under Section 501(c)(6) of the Internal Revenue Code. However, LL Global may be subject to federal and state income tax due as a result of unrelated business income. There was no unrelated business income during the years ended December 31, 2023 and 2022. LL Global has no unrecognized tax benefits at December 31, 2023 and 2022. LL Global's and LLG Services' U.S. federal and state income tax and information returns prior to calendar year 2020 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. If LL Global had unrelated business income taxes, it would recognize interest and penalties associated with any tax matters as part of the income tax provision and include accrued interest and penalties with the related tax liability in the consolidated statements of financial position. LL Global has no amounts accrued for interest or penalties as of December 31, 2023 and 2022. East Asia and the Pacific 2 40 Program Services EDUCATION AND TRAINING, ONLINE LEARNING 2839721 Central America and the Caribbean 0 0 Program Services EDUCATION AND TRAINING, ONLINE LEARNING 99304 Middle East and North Africa 0 1 Program Services EDUCATION AND TRAINING, ONLINE LEARNING 63190 South America 0 6 Program Services EDUCATION AND TRAINING, ONLINE LEARNING 178997 North America (Canada & Mexico only) 0 1 Program Services EDUCATION AND TRAINING, ONLINE LEARNING 673405 Europe (Including Iceland and Greenland) 0 5 Program Services EDUCATION AND TRAINING, ONLINE LEARNING 14534 2 53 0 0 2 53 3869151 0 3869151 false false true false false true Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual X X X false false false DAVID LEVENSON PRESIDENT & CEO 1836938 0 1167127 0 2322 0 26468 0 29700 0 3062555 0 0 0 GINA BIRCHAL CHIEF OPERATING OFFICER 405335 0 280600 0 2322 0 18905 0 29700 0 736862 0 0 0 Janine Epright Chief Financial Officer 344170 0 92233 0 3242 0 19019 0 23746 0 482410 0 0 0 DAVID VUJS ASSISTANT CORPORATE SECRETARY AND CO 133345 0 0 0 1568 0 7040 0 9754 0 151707 0 0 0 John Carroll Corporate Vice President, Member Relations and Sales 247616 0 146223 0 1242 0 18103 0 29502 0 442686 0 0 0 MICHELE LABOUFF SENIOR VICE PRESIDENT, HUMAN RESOURCES 238027 0 93296 0 1242 0 13864 0 29502 0 375931 0 0 0 SEAN O'DONNELL SENIOR VICE PRESIDENT, MEMBER RELATIONS AND CONSULTING 227536 0 164973 0 2322 0 16676 0 29502 0 441009 0 0 0 ALISON SALKA SENIOR VICE PRESIDENT AND DIRECTOR OF RESEARCH 253600 0 79483 0 1242 0 18094 0 810 0 353229 0 0 0 Tina Beckwith Chief Marketing Officer 238388 0 60743 0 1242 0 16062 0 28992 0 345427 0 0 0 CARIE CRANE VICE PRESIDENT, Professional DEVELOPMENT 190028 0 73743 0 2799 0 15546 0 23735 0 305851 0 0 0 KARTIK SAKTHIVEL CHIEF INFORMATION OFFICER 223261 0 85585 0 810 0 17961 0 29700 0 357317 0 0 0 KATHRYN REID VICE PRESIDENT, TALENT SOLUTIONS 172407 0 58500 0 2086 0 9439 0 29626 0 272058 0 0 0 Kimberly Terranella VP Industry Solutions 135563 0 16553 0 473 0 5729 0 0 0 158318 0 0 0 Christopher Curran CVP Global Brand & Marketing 197229 0 53200 0 581 0 13374 0 5344 0 269728 0 0 0 Marianne Purushotham Corporate Vice President I 206486 0 20475 0 2319 0 12774 0 809 0 242863 0 0 0 Ronald Rovner National Sales Manager 202448 0 50515 0 891 0 12964 0 5312 0 272130 0 0 0 Terrence Stanwicks 2nd Vice President, CISO Infrastructure 195263 0 27406 0 3307 0 12907 0 8121 0 247004 0 0 0 Bryan Hodgens Corp Vice President I 193458 0 18500 0 4298 0 12064 0 23739 0 252059 0 0 0 Form 990, Part VI, Line 2 Family/business relationships amongst interested persons David Levenson, Gina Birchall, Kartik Sakthivel, Janine Epright, and Tina Beckwith - Business relationship Form 990, Part VI, Line 6 Classes of members or stockholders The corporation's classes and qualifications for section members are as follows: The LIMRA section HAS FOUR CLASSES OF MEMBERS: (1) REGULAR MEMBERSHIP IN THE CORPORATION SHALL BE LIMITED TO LEGAL RESERVE LIFE INSURANCE COMPANIES DOMICILED IN THE UNITED STATES OR CANADA. (2) INTERNATIONAL MEMBERSHIP IN THE CORPORATION SHALL BE LIMITED TO LEGAL RESERVE LIFE INSURANCE COMPANIES DOMICILED OUTSIDE THE UNITED STATES OR CANADA. (3) AFFILIATED MEMBERSHIP IN THE CORPORATION SHALL BE LIMITED TO FINANCIAL SERVICE ORGANIZATIONS THAT CREATE, MARKET, SELL AND/OR OTHERWISE DISTRIBUTE AT LEAST ONE OR MORE FINANCIAL PRODUCTS AND ARE NOT LEGAL RESERVED LIFE INSURANCE COMPANIES, REGARDLESS OF WHETHER THEY ARE OR ARE NOT RELATED TO AND/OR OWNED BY ANY CURRENT MEMBER(S) OF THE CORPORATION. (4) ASSOCIATE MEMBERSHIP IN THE CORPORATION HAS THREE LEVELS: ASSOCIATE MEMBER. ASSOCIATE (EQUITY RESEARCH). THESE MEMBERS SHALL INCLUDE ANY CORPORATION, ASSOCIATION OR SOCIETY ENGAGED IN THE BUSINESS OF CONDUCTING EQUITY RESEARCH AND PROVIDING DETAILED ANALYSIS INTO A COMPANY, ENTITY OR THE LIFE INSURANCE AND/OR FINANCIAL SERVICES INDUSTRY SECTORS FOR THE INTENDED USE BY PRIVATE EQUITY FIRMS AND INVESTMENT BANKS TO VALUE COMPANIES FOR, BUT NOT LIMITED TO, MERGERS, LEVERAGE BUY OUTS, INITIAL PUBLIC OFFERINGS. THIS QUALIFICATION IS SPECIFICALLY FOR ORGANIZATIONS THAT ARE NOT PART OF A FINANCIAL SERVICES ORGANIZATION ELIGIBLE FOR MEMBERSHIP THROUGH EITHER THE REGULAR MEMBER OR AFFILIATED MEMBER QUALIFICATIONS. ASSOCIATE (SERVICE). THESE MEMBERS SHALL INCLUDE ANY CORPORATION, ASSOCIATION OR SOCIETY WHICH IS IN GOOD STANDING, QUALIFIED TO DO BUSINESS AND WHICH BY THE NATURE OF ITS WORK, SHARES THE COMMON INTEREST OR PROVIDES PRODUCTS AND SERVICES TO THE INSURANCE OR FINANCIAL SERVICES INDUSTRY. ASSOCIATE (CONSULTING). THESE MEMBERS SHALL INCLUDE ANY CONSULTING ORGANIZATION WHICH IS IN GOOD STANDING AND PROVIDES MANAGEMENT CONSULTING SERVICES TO THE INSURANCE OR FINANCIAL SERVICES INDUSTRY. The LOMA section shall have the following classes of members: Member (U.S. and Canada). These members shall include any corporation, association or society engaged in a life insurance business which is in good standing, qualified to do business and domiciled in the United States or Canada. International Member. These members shall include any corporation, association or society engaged in an insurance business which is in good standing and qualified to do business and domiciled in a country other than the United States or Canada. Affiliate Member. These members can be one of three categories: Affiliate (Insurance). These members shall include any corporation, association or society, other than any corporation, association or society that qualifies as an International Member, engaged in an insurance business other than life. These members would also include businesses engaged in underwriting, administering, marketing or selling insurance. Affiliate (Service). These members shall include any individual, corporation, association or society which is in good standing, qualified to do business and which by the nature of its work, shares the common interest or provides products and services to the insurance or financial services industry. Affiliate (Academic). These members shall include any educational institution which is in good standing and has an interest. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body VOTING MEMBERS CAN ELECT and remove ONE OR MORE MEMBERS OF THE GOVERNING BODY and have the option to fill any vacancies on the board. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders EACH REGULAR MEMBER AND INTERNATIONAL MEMBER OF THE CORPORATION IN GOOD STANDING SHALL BE ENTITLED TO ONE VOTE ON MATTERS SUBMITTED TO MEMBERS FOR ACTION AND SHALL HAVE FULL RIGHTS AND PRIVILEGES OF MEMBERSHIP AND SHALL BE REFERRED TO HEREIN AS THE "VOTING MEMBERS." AFFILIATE AND ASSOCIATE MEMBERS SHALL HAVE NO VOTING RIGHTS BUT SHALL BE ENTITLED TO SUCH RIGHTS AND PRIVILEGES OF MEMBERSHIP AS THE BOARD OF DIRECTORS MAY FROM TIME TO DETERMINE AND SHALL BE REFERRED TO HEREIN AS "NON-VOTING MEMBERS." Form 990, Part VI, Line 11b Review of form 990 by governing body The form 990 is prepared by an outside accounting firm and is reviewed by management before filing. The return will be provided to the full board of directors at a regularly scheduled board meeting after the filing date. Form 990, Part VI, Line 12c Conflict of interest policy THE COMPANY HAS AN ETHICS COMMITTEE WHICH IS COMPRISED OF COMPANY OFFICIALS IN POSITIONS OF SENIOR MANAGEMENT OR WITH ACCESS TO SENIOR MANAGEMENT. IN ADDITION TO THESE INTERNAL RESOURCES FOR REPORTING AN ETHICS CONCERN, COMPANY EMPLOYEES MAY ALSO ELECT TO SUBMIT AN ETHICS CONCERN TO INTOUCH, THE COMPANY'S EXTERNAL HOTLINE PROVIDER. ALL EMPLOYEE CONCERNS REPORTED TO THE COMPANY DIRECTLY OR THROUGH THE EXTERNAL REPORTING HOTLINE SERVICE WILL BE REVIEWED AND INVESTIGATED AS APPROPRIATE. THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO PROTECT THE INTEREST OF THE ORGANIZATION WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE ORGANIZATION OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. Form 990, Part VI, Line 15a Process to establish compensation of top management official EVERY THREE YEARS, THE CHAIR OF THE BOARD OF DIRECTORS LEADS DISCUSSION AND NEGOTIATION OF COMPENSATION OF THE CEO BASED ON INPUT FROM THE COMPENSATION AND BENEFIT COMMITTEE, BASED ON EMPLOYEE PERFORMANCE, COMPARATIVE DATA BENCHMARKS, AND AVAILABLE NATIONAL SURVEY DATA. THE LAST REVIEW WAS DONE IN MARCH 2023. Form 990, Part VI, Line 15b Process to establish compensation of other employees REGARDING THE DETERMINATION OF COMPENSATION, THERE ARE DIFFERENT GROUPS WHO RECOMMEND, REVIEW AND APPROVE EACH AREA. THE OVERALL COMPENSATION BUDGET IS RECOMMENDED BY HR AND APPROVED BY THE CEO AND BOARD OF DIRECTORS. MERIT INCREASES ARE RECOMMENDED BY BUSINESS UNIT HEADS, CEO, AND THE IMMEDIATE SUPERVISOR/MANAGER. THE INCREASES ARE THEN REVIEWED BY HUMAN RESOURCES, BUSINESS UNIT HEADS, AND BOARD OF DIRECTORS. ONCE A FINAL DECISION IS MADE, COMPENSATION IS APPROVED BY HUMAN RESOURCES, BUSINESS UNIT HEADS, AND BOARD OF DIRECTORS. PERFORMANCE BONUSES ARE RECOMMENDED BY BUSINESS UNIT HEADS, CEO, AND THE IMMEDIATE SUPERVISOR/MANAGER THEN REVIEWED BY HUMAN RESOURCES AND THE CEO. THE CEO GETS FINAL APPROVAL. INCENTIVE COMPENSATION IS CALCULATED USING A FORMULA DRIVEN BY INCENTIVE COMPENSATION PLANS AND ANNUAL RESULTS. THE CALCULATION IS REVIEWED BY HR THEN APPROVED COMPENSATION PLAN, THE COMPENSATION AND BENEFIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS MARKET DATA AND MAKES RECOMMENDATIONS BASED ON THE LONG AND SHORT-TERM INTERESTS OF THE COMPANY AND ITS MEMBERS. THE CHAIR OF THE BOARD OF DIRECTOR'S TAKES THE LEAD ON DISCUSSING AND NEGOTIATING COMPENSATION WITH THE CEO BASED ON THE INPUT FROM THE COMPENSATION AND BENEFIT COMMITTEE. Form 990, Part VI, Line 19 Required documents available to the public THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR LEGITIMATE BUSINESS REASONS. Form 990, Part XI, Line 9 Other changes in net assets or fund balances INTERCOMPANY TRANSFERS - 17500; OTHER ADJUSTMENT - -25456; LL GLOBAL EDUCATION FOUNDATION INC 300 Day Hill Rd Windsor CT 06095 202458799 Promote education in THE INSUANCE INDUSTRY CT 501(c)(3) 7 LL Global Inc true LL GLOBAL SERVICES INC 300 DAY HILL ROAD WINDSOR CT 06095 061638159 PROVIDES SERVICES TO THE INSURANCE INDUSTRY CT LL GLOBAL INC C Corporation 24636466 5289646 1 true LL GLOBAL SERVICES PTE LTD PROVIDES SERVICES TO THE INSURANCE INDUSTRY SN LL GLOBAL SERVICES INC C Corporation 7309 1 true ERJI BUSINESS CONSULTING (BEIJING) CO LTD B115 EAST TOWER 10F NO12 JIA CHAOYANG DISTRICT beijing CH 100022 PROVIDES SERVICES TO THE INSURANCE INDUSTRY CH LL GLOBAL SERVICES INC C Corporation 814488 1 true false false false false false false false false false false false true true true true false true false false LL Global Services Inc O 4088897 Cost LL Global Services Inc Q 18883832 COST