2024-11-08T13:32:42-06:00 2023-12-31 PWC US TAX LLP 2001 MARKET STREET SUITE 1800 PHILADELPHIA PA 19103 990 2023-01-01 131912455 INSURANCE INFORMATION INSTITUTE INC % JEFFREY A SCHEIDT INSU 2123465518 720 PROVIDENCE ROAD MALVERN PA 19355 JEFFREY A SCHEIDT TREASURER 6106442100 2024-11-07 true true Albert N Antonelli P01496650 2673303000 2024-11-01 2023 2024-10-15 13:58:12Z X Peter L Miller 720 Providence Rd Malvern PA 19355 6096354 false X WWW.III.ORG X 1988 NY TO IMPROVE PUBLIC UNDERSTANDING OF INSURANCE - WHAT IT DOES AND HOW IT WORKS 5 1 0 0 0 0 0 6584723 5950576 0 0 165281 145778 6750004 6096354 0 0 0 0 0 0 0 0 0 8781238 8613151 8781238 8613151 -2031234 -2516797 205001 153281 1308854 3773931 -1103853 -3620650 WE ARE AN EDUCATIONAL, FACT FINDING AND COMMUNICATIONS ORGANIZATION FOR THE PROPERTY AND CASUALTY INSURANCE INDUSTRY. THE INSTITUTE CONDUCTS PUBLIC RELATIONS AND EDUCATIONAL ACTIVITIES ON BEHALF OF THE INDUSTRY AND IS SUPPORTED BY OVER 80 MEMBER COMPANIES. false false MEMBERSHIP DUES FROM INDUSTRY MEMBERS TO SUPPORT ACTIVITIES BENEFITTING THE INSURANCE INDUSTRY. TRIPLE-I PRODUCES PUBLIC EDUCATIONAL MATERIALS IN SUPPORT OF OUR MISSION TO BE THE TRUSTED SOURCE OF DATA-DRIVEN INSIGHTS ON INSURANCE TO INFORM AND EMPOWER CONSUMERS. TRIPLE-I PROVIDES BENEFITS TO MEMBERS INCLUDING INDUSTRY REPORTS, FACTS AND STATISTICS, THE DAILY NEWS PUBLICATION, SIGNIFICANT COMMUNICATION/MEDIA RELATIONS SERVICES AND RESEARCH SERVICES. SUBSCRIBER FEES FROM ASSISTING OTHER INDUSTRY ORGANIZATIONS - TRIPLE-I AMPLIFY IS A PUBLIC RELATIONS (PR) CONSULTANCY DESIGNED TO HELP INSURANCE INDUSTRY MEMBER ORGANIZATIONS DRIVE INCREASED AWARENESS OF THEIR MISSION AND DEEPEN THEIR INDUSTRY ENGAGEMENT THROUGH COMMUNICATIONS-RELATED AND MEDIA SERVICES. JOINT INDUSTRY FORUM REGISTRATION FEES - THE JOINT INDUSTRY FORUM CONFERENCE ASSEMBLES KEY FIGURES FROM THE BUSINESS, POLICYMAKING, AND MEDIA SPHERES TO EXPLORE TOPICS OF VITAL INTEREST TO THE PROPERTY/CASUALTY INSURANCE INDUSTRY AND PROVIDE NETWORKING OPPORTUNITIES FOR TRIPLE-I MEMBERS AND OTHER INSURANCE INDUSTRY LEADERS. false false false true false false false false false false false false true false false false true false false false false false false false false false false false true false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false X 5 1 false false false false true true true true true false false true true true true true true false false false X JEFFREY A SCHEIDT 6106442100 720 PROVIDENCE ROAD MALVERN PA 193550716 PETER L MILLER CEO 2.0 51.0 X X 0 2216772 220597 KATHERINE E HOROWITZ SECRETARY 2.0 51.0 X X 0 930813 62870 SEAN KEVELIGHAN DIRECTOR 51.0 0.0 X 0 770464 59587 JEFFREY A SCHEIDT TREASURER 2.0 51.0 X X 0 497761 68887 JENNIFER KYUNG DIRECTOR 2.0 0.0 X 0 0 0 0 4415810 411941 0 false true false AICPCU 720 PROVIDENCE ROAD MALVERN PA 19355 SHARED RESOURCES 8605425 1 0 MEMBERSHIP DUES 813920 5870210 5870210 FORUM REG. AND SPONSOR. FEES 813920 80366 80366 5950576 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER REVENUE 900099 145778 145778 145778 6096354 6096354 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7109 7109 0 0 0 0 0 0 0 BANK FEES 617 617 SHARED RESOURCE SERVICES 8605425 8605425 8613151 8613151 X 1857 4778 0 0 0 0 86330 38798 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 116814 109705 205001 153281 1235165 3645590 0 0 73689 128341 0 0 0 0 0 0 0 0 0 0 0 0 1308854 3773931 X -1103853 -3620650 0 0 -1103853 -3620650 205001 153281 -2516797 X false true X true false false true false SECURITY DEPOSITS 109705 109705 false true false PETER L MILLER CEO 0 1214396 1000000 2376 204613 15984 0 2437369 KATHERINE E HOROWITZ SECRETARY 0 547376 375000 8437 48000 14870 0 993683 JEFFREY A SCHEIDT TREASURER 0 383385 112000 2376 52800 16087 0 566648 SEAN KEVELIGHAN DIRECTOR 0 639636 130000 828 43500 16087 0 830051 FORM 990, SCHEDULE J, PART I, LINE 3 AS PROVIDED IN THE FORM 990, SCHEDULE J INSTRUCTIONS, SINCE THE ORGANIZATION RELIES ON A RELATED ORGANIZATION, WHICH USES ONE OR MORE OF THE METHODS DESCRIBED ON LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION, THIS QUESTION HAS BEEN LEFT UNANSWERED. REFER TO SCHEDULE O FOR A DESCRIPTION OF THE COMPENSATION REVIEW AND APPROVAL PROCESS. FORM 990, SCHEDULE J, PART I, LINE 4B A RELATED ORGANIZATION, THE AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS, MAINTAINS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (THE "PLAN") SUBJECT TO INTERNAL REVENUE CODE SECTION 457(F). UNDER THE PLAN, THE ENTIRE ACCRUED BENEFIT BECOMES 100% VESTED AFTER 3 YEARS OF SERVICE. PARTICIPANTS MUST REMAIN IN CONTINUOUS EMPLOYMENT FOR TWELVE (12) CONSECUTIVE MONTHS TO RECEIVE CREDIT FOR ONE (1) YEAR OF SERVICE. AN ACCRUED BENEFIT UNDER THE PLAN SHALL BE DISTRIBUTED ON THE DATE OR DATES ON WHICH THE ACCRUED BENEFIT BECOMES VESTED. TERMINATION OF SERVICES WILL RESULT IN FORFEITURE. PETER MILLER ACCRUED A BENEFIT OF $150,000 UNDER THE PLAN DURING CALENDAR YEAR 2023 AND THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II. FORM 990, PART VI, SECTION A, LINE 1A EFFECTIVE NOVEMBER 16, 2020, THE AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS ("THE INSTITUTES") AND THE INSURANCE INFORMATION INSTITUTE, INC. ENTERED INTO AN AFFILIATION AGREEMENT AND A SHARED RESOURCES AGREEMENT ("SRA"). THE INSTITUTES PROVIDES MANAGEMENT AND ADMINISTRATIVE SERVICES TO THE INSURANCE INFORMATION INSTITUTE, INC. IN ACCORDANCE WITH WRITTERN BYLAWS, OPERATING GUIDELINES AND PROCEDURES, BUDGET, AND PROVIDES CERTAIN SERVICES AS PRESCRIBED BY THE SRA. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 2 CLASSES OF MEMBERS - REGULAR AND ASSOCIATE MEMBERS. FORM 990, PART VI, SECTION A, LINES 7A AND 7B THE INSURANCE INFORMATION INSTITUTE, INC.'S INSTITUTIONAL MEMBER, THE AMERICAN INSTITUTE OF CPU, APPOINTS THE DIRECTORS OF THE INSURANCE INFORMATION INSTITUTE, INC. AND APPROVES ANY EXTRAORDINARY ACTIVITIES (MERGERS, DISSOLUTION, ETC.). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE BOARD OF DIRECTORS FOR APPROVAL BEFORE FILING. FORM 990, PART VI SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ("COVERED OFFICIALS") ON AN ANNUAL BASIS. EACH COVERED OFFICIAL MUST COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT OF DISCLOSURE. IF A CONFLICT IS IDENTIFIED, IT IS EVALUATED AND MAY BE APPROVED IF IT IS DETERMINED TO BE JUST, FAIR, AND REASONABLE TO THE ORGANIZATION. IF IT IS DETERMINED THAT THE CONFLICT IS NOT JUST, FAIR, AND REASONABLE TO THE ORGANIZATION, APPROPRIATE ACTION IS TAKEN TO ELIMINATE THE CONFLICT, WHICH CAN INCLUDE ASKING THE INDIVIDUAL TO END A CONFLICTING BUSINESS ARRANGEMENT, RETURN REMUNERATION TO THE ORGANIZATION, OR OTHERWISE DISCONTINUE THE ARRANGEMENT CAUSING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THIS ORGANIZATION IS AN AFFILIATE OF THE AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS ("THE INSTITUTES"). COMPENSATION ARRANGEMENTS INVOLVING ANY OF THE ORGANIZATION'S OFFICERS AND/OR KEY EMPLOYEES ARE ESTABLISHED BY THE INSTITUTES PURSUANT TO A PROCESS THAT SATISFIES THE REBUTTABLE PRESUMPTION PROCEDURE AVAILABLE FOR IRC SECTION 4958 EXCESS BENEFIT TRANSACTION TAX PURPOSES, WHICH REQUIRES A REVIEW OF COMPENSATION DETERMINATIONS BY DISINTERESTED PERSONS, USE OF APPROPRIATE COMPARABILITY DATA, AND CONTEMPORANEOUS DOCUMENTATION OF THE PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. 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