2025-09-13T09:02:48-05:00 2024-12-31 430765316 RUBINBROWN LLP 1200 MAIN STREET SUITE 1000 KANSAS CITY MO 64105 990 2024-01-01 431763793 NATIONAL INSURANCE PRODUCER REGISTRY DBA NIPR NATI 8168423600 1100 WALNUT STREET SUITE 1000 KANSAS CITY MO 64106 KAREN STAKEM HORNIG CHIEF EXECUTIVE OFFICER 8168423600 2025-09-10 1 1 KIMBERLY A RYAN P00829977 8164721122 2024 2025-03-06 01:10:19Z NIPR KAREN STAKEM HORNIG 1100 WALNUT STREET SUITE 1000 KANSAS CITY MO 64106 95784777 0 X WWW.NIPR.COM X 1996 MO NIPR IS A NOT-FOR-PROFIT TECHNOLOGY ORGANIZATION THAT PROVIDES COST-EFFECTIVE, STREAMLINED AND UNIFORM LICENSING DATA AND COMPLIANCE SERVICES FOR INSURANCE PROFESSIONALS. TOGETHER WITH THE NAIC AND THE INSURANCE INDUSTRY, NIPR PROTECTS AND SERVES INSURANCE CONSUMERS. 13 12 165 14 0 0 0 0 72531018 82315519 2524812 7432650 0 2662 75055830 89750831 0 0 0 0 19833066 23734733 0 0 0 48605974 54062989 68439040 77797722 6616790 11953109 113945279 128366400 8780007 11817568 105165272 116548832 NIPR IS A NOT-FOR-PROFIT TECHNOLOGY ORGANIZATION THAT PROVIDES COST-EFFECTIVE, STREAMLINED AND UNIFORM LICENSING DATA AND COMPLIANCE SERVICES FOR INSURANCE PROFESSIONALS. TOGETHER WITH THE NAIC AND THE INSURANCE INDUSTRY, NIPR PROTECTS AND SERVES INSURANCE CONSUMERS. 0 0 NIPR SUPPORTS THE MEMBERS OF THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS (NAIC), A 501(C)(3) ORGANIZATION, THROUGH A LICENSE AND SERVICES AGREEMENT. NIPR, AS AN AFFILIATE ORGANIZATION OF THE NAIC, SUPPORTS THE STATE-BASED REGULATION OF THE INSURANCE INDUSTRY BY PROVIDING A COST-EFFECTIVE, STREAMLINED AND UNIFORM SYSTEM OF PRODUCER LICENSING. NIPR MAINTAINS A CENTRALIZED REPOSITORY OF INSURANCE PRODUCER AND INSURANCE ADJUSTER LICENSING INFORMATION. ADDITIONALLY, NIPR PROVIDES A PLATFORM FOR THE ELECTRONIC PROCESSING OF LICENSING AND OTHER APPLICATIONS AND REGULATORY COMPLIANCE REPORTS THAT SUPPORT THE INSURANCE INDUSTRY. 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 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 10 0 165 1 0 0 0 0 0 0 0 0 X 13 12 1 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X CAROL THOMPSON NAIC CFO 8168423600 1100 WALNUT STREET SUITE 1000 KANSAS CITY MO 64106 ANDY BEAL CHIEF OPERATING OFFICER/CHIEF LEGAL 1.00 37.50 X 0 804841 19608 GARY ANDERSON CHIEF EXECUTIVE OFFICER NAIC 1.00 37.50 X 0 570403 15562 THE HONORABLE LARRY DEITER DIRECTOR/ BOARD PRESIDENT 1.00 X X 0 0 0 ANTHONY MADDOX BOARD VICE PRESIDENT 1.00 X X 0 0 0 THE HONORABLE LORI WING-HEIER DIRECTOR/ BOARD SECRETARY/ TREASURER 1.00 X X 0 0 0 THE HONORABLE SHARON CLARK DIRECTOR 1.00 X 0 0 0 KATE JENSEN DIRECTOR 1.00 X 0 0 0 DAVID LEIFER DIRECTOR 1.00 X 0 0 0 THE HONORABLE ALLAN MCVEY DIRECTOR 1.00 X 0 0 0 THE HONORABLE GLEN MULREADY DIRECTOR 1.00 X 0 0 0 LAUREN PACHMAN DIRECTOR 1.00 X 0 0 0 THE HONORABLE VICKI SCHMIDT DIRECTOR 1.00 X 0 0 0 JOSEPH TORTI III DIRECTOR 1.00 X 0 0 0 JESSICA WALTMAN DIRECTOR 1.00 X 0 0 0 KAREN STAKEN HORNIG CHIEF EXECUTIVE OFFICER 37.50 X 662873 0 13801 ERIC SAUL CHIEF TECHNOLOGY OFFICER 37.50 X 555027 0 13801 LAURIE WOLF CRAO 37.50 X 298804 0 25281 NADIA MALIK CPO 37.50 X 266479 0 35578 VALERIA WILLIAMS CHIEF OPERATING OFFICER 37.50 X 275391 0 22446 HEIDI WOOD ASSISTANT DIRECTOR APPLICATION 37.50 X 216884 0 35388 DENNIS WILSON ASSISTANT DIRECTOR QUALITY ASSURANCE 37.50 X 224682 0 21890 CASEY FOX ASSISTANT DIRECTOR 37.50 X 195885 0 35356 MICHELLE DEAN ASSISTANT DIRECTOR BUSINESS SERVICES 37.50 X 202399 0 12734 CARI LEE ASSISTANT DIRECTOR REGULATORY AFFAIRS 37.50 X 168263 0 26565 3066687 1375244 278010 90 0 1 0 PREMIER TECH INC 10901 LOWELL AVENUE SUITE 260 OVERLAND PARK KS 66210 STAFFING CONTRACT WORKERS 3837677 APEX SYSTEMS LLC 4400 COX ROAD SUITE 200 GLEN ALLEN VA 23060 STAFFING CONTRACT WORKERS 2943294 VALTECH SOLUTIONS 7700 WINDROSE AVENUE PLANO TX 75024 CONSULTING 2818037 TRICOM TECHNICAL SERVICE LC 11115 ASH STREET LEAWOOD KS 66211 STAFFING CONTRACT WORKERS 1281644 SOGETI 28309 NETWORK PLACE CHICAGO IL 60673 CONSULTING 1096853 7 PRODUCER LICENSING FEE 900099 32996133 32996133 DATABASE ACCESS REV 900099 29487211 29487211 APPOINTMENT RENEWAL/ALERTS 900099 19071950 19071950 CAR REPORTS 900099 735225 735225 OTHER SERVICE REVENUE 900099 25000 25000 82315519 3838333 3838333 9628263 6033946 3594317 3594317 3594317 MISCELLANEOUS REVENUE 900099 2662 2662 2662 89750831 82318181 0 7432650 2169479 14897616 1471767 3691364 1504507 21453 173082 106999 3456540 352810 292025 15648519 31234334 73771 978214 1203235 177092 TAXES 128546 BAD DEBT 119902 USER CONFERENCE 75436 MISCELLANEOUS EXPENSES 21031 77797722 3424990 6257502 32831308 28101692 7148628 7719256 1221985 1482917 22331246 1549325 10639032 20781921 52161694 56615883 6517642 7407229 113945279 128366400 8780007 11817568 8780007 11817568 X 105165272 116548832 105165272 116548832 113945279 128366400 11953109 -569549 0 X X 0 1 X 1 0 22331246 1549325 20781921 20781921 MAGNITUDE INTERNATIONAL 7407229 F 7407229 X 89074283 -569549 -569549 89643832 106999 106999 89750831 77690723 0 77690723 106999 106999 77797722 PART X, LINE 2: UNCERTAIN TAX POSITIONS, IF ANY, ARE RECORDED IN ACCORDANCE WITH (ASC) TOPIC 740, INCOME TAXES. ASC 740 REQUIRES THE RECOGNITION OF A LIABILITY FOR TAX POSITIONS TAKEN THAT DO NOT MEET THE MORE-LIKELY-THAN-NOT STANDARD THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. THERE IS NO LIABILITY FOR UNCERTAIN TAX POSITIONS RECORDED AT DECEMBER 31, 2024 OR 2023. X X 1 1 X X X X X X 0 0 0 ANDY BEAL CHIEF OPERATING OFFICER/CHIEF LEGAL 0 630515 0 107452 0 66874 0 0 0 19608 0 824449 0 0 KAREN STAKEN HORNIG CHIEF EXECUTIVE OFFICER 517044 0 97203 0 48626 0 0 0 13801 0 676674 0 0 0 GARY ANDERSON CHIEF EXECUTIVE OFFICER NAIC 0 516923 0 25000 0 28480 0 0 0 15562 0 585965 0 0 ERIC SAUL CHIEF TECHNOLOGY OFFICER 435684 0 90717 0 28626 0 0 0 13801 0 568828 0 0 0 LAURIE WOLF CRAO 238718 0 43782 0 16304 0 0 0 25281 0 324085 0 0 0 NADIA MALIK CPO 239440 0 17843 0 9196 0 0 0 35578 0 302057 0 0 0 VALERIA WILLIAMS CHIEF OPERATING OFFICER 232599 0 33456 0 9336 0 0 0 22446 0 297837 0 0 0 HEIDI WOOD ASSISTANT DIRECTOR APPLICATION 207634 0 669 0 8581 0 0 0 35388 0 252272 0 0 0 DENNIS WILSON ASSISTANT DIRECTOR QUALITY ASSURANCE 203270 0 693 0 20719 0 0 0 21890 0 246572 0 0 0 CASEY FOX ASSISTANT DIRECTOR 195334 0 683 0 -132 0 0 0 35356 0 231241 0 0 0 MICHELLE DEAN ASSISTANT DIRECTOR BUSINESS SERVICES 188202 0 10698 0 3499 0 0 0 12734 0 215133 0 0 0 CARI LEE ASSISTANT DIRECTOR REGULATORY AFFAIR 158635 0 8008 0 1620 0 0 0 26565 0 194828 0 0 0 SCHEDULE J, PART I, LINE 1A NIPR PROVIDES AN ANNUAL DIRECTOR BENEFIT FOR WELLNESS/FITNESS ITEMS AND TAX AND LEGAL SERVICES TO KAREN STAKEM HORNIG, ERIC SAUL, LAURIE WOLF, VALERIA WILLIAMS, NADIA MALIK, DENNIS WILSON, HEIDI WOOD, CARI LEE AND MICHELLE DEAN. TOTAL COMPENSATION, INCLUDING A DIRECTOR BENEFIT, IS PAID BY THE NAIC TO GARY ANDERSON AND ANDY BEAL. THE CEO'S DIRECT REPORTS ARE ELIGIBLE FOR ANNUAL INCENTIVE COMPENSATION, THE FRAMEWORK FOR WHICH IS CONTAINED IN A BOARD POLICY. THE DIRECT REPORTS INCLUDE ERIC SAUL, LAURIE WOLF, VALERIA WILLIAMS, NADIA MALIK AND KATRINA LAWHORN. SCHEDULE J, PART I, LINE 3 NIPR'S BOARD OF DIRECTORS HAS AN EXECUTIVE COMPENSATION POLICY FOR THE CEO. THE POLICY REQUIRES AN ANNUAL PERFORMANCE REVIEW, ASSESSMENT OF COMPARABILITY DATA AND REVIEW AND APPROVAL OF THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS NATIONAL SALARY SURVEYS, CONSULTS INDEPENDENT CONSULTANTS, AND REVIEWS FORM 990S OF COMPARABLE ORGANIZATIONS. THE COMPENSATION COMMITTEE CONDUCTS THE REVIEW AND MAKES RECOMMENDATIONS TO THE FULL BOARD. THE BOARD'S EXECUTIVE COMPENSATION POLICY ALSO PROVIDES FOR INCENTIVE COMPENSATION FOR OTHER MEMBERS OF NIPR'S EXECUTIVE TEAM, ERIC SAUL, LAURIE WOLF, VALERIA WILLIAMS, NADIA MALIK AND KATRINA LAWHORN. A SIMILAR ANNUAL PROCESS IS BY NIPR'S CEO IN SETTING THE COMPENSATION FOR THESE INDIVIDUALS. FORM 990, PART VI, SECTION A, LINE 2 TWO MEMBERS OF NIPR'S BOARD OF DIRECTORS HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER BECAUSE THEY ARE ALSO MEMBERS OF THE NAIC EXECUTIVE COMMITTEE, WHICH SERVES AS THE GOVERNING BODY OF THE NAIC AND MANAGES ITS BUSINESS AND AFFAIRS. THE TWO MEMBERS ARE COMMISSIONER OF THE KENTUCKY DEPARTMENT OF INSURANCE, SHARON P. CLARK AND COMMISSIONER OF THE STATE OF KANSAS, VICKI SCHMIDT. FORM 990, PART VI, SECTION A, LINE 6 PURSUANT TO NIPR'S CORPORATE CHARTER, THE NAIC IS THE SOLE CORPORATE MEMBER OF NIPR. FORM 990, PART VI, SECTION A, LINE 7A THE NAIC IS THE SOLE CORPORATE MEMBER OF NIPR AND APPOINTS SIX (6) REGULATORY MEMBERS TO NIPR'S BOARD OF DIRECTORS. THE CEO OR COO OF THE NAIC ALSO SERVES AS A BOARD MEMBER. THE NAIC DOES NOT HAVE VOTING RIGHTS. THE MEMBERS APPOINTED BY THE NAIC DO HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES OF NIPR'S BOARD OF DIRECTORS DO NOT HAVE AUTHORITY TO ACT ON BEHALF OF THE FULL BOARD. THE PROCEEDINGS OF THE AUDIT, INVESTMENT AND COMPENSATION COMMITTEES ARE PRESENTED TO THE FULL BOARD IN A WRITTEN REPORT. ANY NECESSARY ACTION RECOMMENDED BY A COMMITTEE MUST BE VOTED ON BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B A FULL COPY OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS PURSUANT TO NIPR'S WRITTEN FORM 990 POLICY, WHICH WAS ADOPTED IN SEPTEMBER OF 2009 BY THE BOARD OF DIRECTORS. THE PERTINENT TEXT OF THE POLICY IS SET FORTH HERE. I. PURPOSE OF FORM 990 REVIEW POLICY NATIONAL INSURANCE PRODUCER REGISTRY IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE ("NIPR"). AS AN EXEMPT ORGANIZATION, NIPR MUST ANNUALLY FILE THE IRS FORM 990. THE PURPOSE OF THIS FORM 990 REVIEW POLICY ("POLICY") IS TO ENSURE THAT A SUBSTANTIVE AND INDEPENDENT REVIEW OF THE FORM 990 IS UNDERTAKEN BY NIPR'S AUDIT COMMITTEE. THE FORM 990 IS A COMPREHENSIVE SELF AUDIT OF NIPR'S ACTIVITIES INCLUDING, WITHOUT LIMITATION, ITS COMPENSATION ARRANGEMENTS, TRANSACTIONS WITH INTERESTED PERSONS, TRANSACTIONS WITH RELATED ORGANIZATIONS AND IT REQUIRES DISCLOSURE OF ITS GOVERNANCE FRAMEWORK, POLICIES AND PROCEDURES. THE FORM IS A PUBLIC DOCUMENT SO ANYONE WHO WISHES TO REVIEW THE FORM MUST BE PERMITTED TO DO SO AND IF ANYONE REQUESTS A COPY, THEY MUST BE PROVIDED WITH ONE. II. IT IS THE GENERAL POLICY OF NIPR TO HAVE ITS AUDIT COMMITTEE CONDUCT A SUBSTANTIVE REVIEW OF THE FORM 990 DURING ITS PREPARATION BY AN OUTSIDE ACCOUNTANT WITH THE ASSISTANCE OF NIPR'S GENERAL COUNSEL, OFFICERS AND STAFF. THE FINAL VERSION OF THE FORM 990 SHALL BE PROVIDED TO ALL OF THE MEMBERS OF NIPR'S BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. III PROCEDURES. IN ACCORDANCE WITH ITS REVIEW FUNCTION, THE AUDIT COMMITTEE SHALL TAKE THE FOLLOWING ACTIONS: - APPROVE THE FORM 990 PREPARER. - CAREFULLY MONITOR THE DESCRIPTION OF NIPR'S PURPOSES AND ACTIVITIES REPORTED ON THE FORM 990 TO ENSURE THAT THE DESCRIPTION PROVIDED ACCURATELY DESCRIBES NIPR'S PURPOSES AND ACTIVITIES AND THAT THE STATED PURPOSES AND ACTIVITIES FURTHER THE EXEMPT PURPOSES OF NIPR WITHIN THE MEANING OF SECTION 501(C)(6) OF THE CODE. - ENSURE THAT THE MISSION STATEMENT STATED IN THE FORM 990 HAS BEEN APPROVED BY THE BOARD OF DIRECTORS IN A FORMAL BOARD RESOLUTION. - CONDUCT A DETAILED REVIEW AND ANALYSIS OF THE MATERIAL TAX AND FINANCIAL ISSUES AS WELL AS DISCLOSURE ISSUES RAISED BY THE FORM 990. - CONSULT DIRECTLY WITH THE FORM 990 PREPARER AND LEGAL COUNSEL, WHEN APPROPRIATE, RELATIVE TO ANY TAX, FINANCIAL OR DISCLOSURE ISSUES PRESENTED ON THE FORM. - AFTER CONSIDERATION AND ANALYSIS OF ALL OF THE MATERIAL ISSUES AND AFTER DISCUSSIONS WITH THE FORM 990 PREPARER AND LEGAL COUNSEL, FORWARD THE FINAL VERSION TO THE BOARD OF DIRECTORS FOR ITS REVIEW AND APPROVAL PRIOR TO FILING. - APPROVE AND DISTRIBUTE THE ANNUAL QUESTIONNAIRE TO OFFICERS, DIRECTORS AND KEY EMPLOYEES TO ACQUIRE INFORMATION ON THEIR RESPECTIVE FAMILY AND BUSINESS RELATIONSHIPS, TRANSACTIONS WITH NIPR, POTENTIAL CONFLICTS OF INTEREST, AND OTHER INFORMATION NEEDED TO ANSWER VARIOUS FORM 990 QUESTIONS AND COMPLY WITH NIPR'S CONFLICTS OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 12C NIPR'S BOARD OF DIRECTORS AND EMPLOYEES SIGN AND SUBMIT AN ANNUAL QUESTIONNAIRE DISCLOSING THEIR POTENTIAL CONFLICT OF INTEREST. THE BOARD OF DIRECTOR FORMS ARE KEPT ON FILE WITH THE EXECUTIVE TEAM. EMPLOYEE FORMS ARE RETAINED IN THE EMPLOYEE'S PERSONNEL FILE IN PEOPLE OPERATIONS. EACH YEAR NEW FORMS ARE SIGNED BY ALL EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15A NIPR'S CEO COMPENSATION IS THE RESPONSIBILITY OF THE BOARD OF DIRECTORS AND ITS COMPENSATION COMMITTEE, WHICH ACTS PURSUANT TO A WRITTEN POLICY UPDATED BY THE BOARD IN JANUARY 2017. THE COMPENSATION COMMITTEE, APPOINTED BY THE BOARD, IS COMPRISED OF THREE MEMBERS WHO MUST NOT HAVE A CONFLICT OF INTEREST PURSUANT TO THE EXECUTIVE COMPENSATION POLICY. THE COMMITTEE MUST MEET ANNUALLY TO PREPARE AN ANNUAL EVALUATION OF THE NIPR CEO AND PROVIDE THE RESULTS TO THE BOARD OF DIRECTORS. THE COMMITTEE'S RECOMMENDATIONS MUST BE CONSISTENT WITH THE CEO'S EMPLOYMENT AGREEMENT, INCENTIVE AWARD OR OTHER COMPENSATION MATTERS. THE COMMITTEE COORDINATES AND DIRECTS NIPR'S CHIEF PEOPLE OPERATIONS OFFICER TO REVIEW AND RECEIVE COMPENSATION ANALYSIS AND OTHER PERTINENT DATA THAT IS FUNCTIONALLY COMPARABLE TO POSITIONS IN SIMILARLY SITUATED ORGANIZATIONS. COMPENSATION CONSULTANTS OR OTHER EXPERTS MAY BE RETAINED, AS NEEDED, SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS MEET EACH JUNE IN EXECUTIVE SESSION, TO HEAR THE REPORT OF THE COMPENSATION COMMITTEE AND FINALIZE THE PERFORMANCE EVALUATION AND COMPENSATION FOR THE CEO. FORM 990, PART VI, SECTION C, LINE 19 NIPR'S ANNUAL AUDITED FINANCIAL STATEMENTS AND ITS ANNUAL REPORT ARE FOUND ON NIPR'S WEBSITE AT WWW.NIPR.COM. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF NIPR'S BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE ANNUAL INDEPENDENT FINANCIAL AUDIT, REVIEW OF NIPR'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS 1100 WALNUT STREET SUITE 1000 KANSAS CITY MO 64106 311674580 SEE PART VII DE 501(C)(3) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 SCHEDULE R, PART VII THE NAIC IS THE U.S. STANDARD-SETTING AND REGULATORY SUPPORT ORGANIZATION CREATED AND GOVERNED BY THE CHIEF INSURANCE REGULATORS FROM THE 50 STATES, THE DISTRICT OF COLUMBIA AND THE FIVE U.S. TERRITORIES. IT IS THE NATION'S OLDEST ASSOCIATION OF STATE OFFICIALS. THROUGH THE NAIC, STATE INSURANCE REGULATORS ESTABLISH STANDARDS, BEST PRACTICES, CONDUCT REVIEWS, AND COORDINATE REGULATORY OVERSIGHT. NAIC MEMBERS, TOGETHER WITH THE CENTRAL RESOURCES OF THE NAIC, FORM THE NATIONAL SYSTEM OF STATE-BASED INSURANCE REGULATION IN THE U.S. SERVING STATE INSURANCE DEPARTMENTS, FEDERAL OFFICIALS AND THE PUBLIC. THE NAIC MAINTAINS THREE OFFICES: WASHINGTON, D.C. (EXECUTIVE OFFICE), KANSAS CITY, MISSOURI (CENTRAL OFFICE), AND NEW YORK, NY (CAPITAL MARKETS AND INVESTMENT ANALYSIS)