2025-08-22T11:48:57-07:00 2024-12-31 020581574 Kleespies Horwitz & Associates LLC CPAs 67 Walnut Ave Ste 203 Clark NJ 07066 990 2024-01-01 421192330 IRU Inc IRUI 7188920228 40 Manchester Rd L1 Eastchester NY 10709 Jeremy R Wallis Executive Director 2025-08-22 true true Paul A Kleespies CPA CGMA P00017865 8484673990 2024 2025-03-06 01:10:19Z Jeremy R Wallis 330806 false X www.IRUA.org X 1986 NY Education, professional development & networking services for members and potential member personnel including an annual conference & several seminar/webinar events annually. Also a scholarship essay program for college students interning at member companies and first-year in the business employees at member companies. 36 36 0 0 0 301155 310735 17350 20071 0 318505 330806 15500 13500 0 75000 71875 0 0 227757 254929 318257 340304 248 -9498 378932 356209 22075 8850 356857 347359 X Education, professional development & networking services for members and potential member personnel including an annual conference & several seminar/webinar events annually. Also a scholarship essay program for college students interning at member companies and first-year in the business employees at member companies. false false 112749 136310 ANNUAL CONFERENCE PROGRAM SERVICE-This event, including the Annual Meeting of Members, is the marquee event & is the annual membership meeting where members elect officers & directors and vote on items affecting the corporation, such as bylaw changes and other major issues. Reports are received from the President, Secretary, Treasurer & Nomination Committee Chair. The Conference is a multi-day event featuring industry experts presenting a variety of relevant topics. Revenue is generated through conference registration fees and member company sponsorships. 13500 11000 SCHOLARS PROGRAM SERVICE-Since 2015 this service has enabled college students interning at member companies the opportunity to submit an essay on a reinsurance-related topic with the prospect of being selected for a cash award based on the decision of the Scholars Committee. This Committee is comprised solely of member company representatives who review and decide which essays, if any, are worthy of an award. The awards criteria are relevancy and quality of content. In 2022 the program was expanded from member company interns to include first-year in the business employees at member companies, too. In 2024, the sum of $11,000 was voluntarily contributed by members and $13,500 was disbursed to essay winners. Each year the Board of Directors will determine and authorize the total amount awarded based on he Committee's recommendations. 980 JOURNAL OF REINSURANCE PROGRAM SERVICE-The Journal of Reinsurance has been discontinued as a stand-alone publication based on member feedback and changing available sources of information. The over 400 articles published over almost 30 years remain available free of charge to members and for a modest fee to non-members. Non-members may, and several do, continue to purchase a subscription in order to continue to access the articles. With the growth of social media, the association introduced a new Linked-in page called IRUA55 and this has replaced the Journal as a source of disseminating articles of a technical nature through hyperlinks. 10950 EDUCATIONAL PROGRAM SERVICE: Reinsurance & insurance related entities operate in a constantly changing & competitive environment. The IRUA has offered educational programs for over 50 years to assist member company personnel to become better informed, educated and trained. They are a combination of an industry-wide Annual Conference described on Line 4a, and specific technical programs being described here. In addition to known risks, sessions are offered to identify and elaborate on emerging & potential technical and market risks that members face and will face in the future. Expenses are kept low by the generous support of a combination of member companies and law firms donating the use of their facilities. All IRUA events are open to members and non-members alike with non-members paying a higher registration fee. During and since the pandemic all events transitioned to being virtual only. 10950 126249 false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true 6 0 true 0 false false false false false false false false X 36 36 false false true false true true false true true false false true true true true true true true false false X Jeremy R Wallis 9737233756 278 Lincoln Street Berkeley Heights NJ 07922 X Jeremy R Wallis Executive Director 30.00 0.00 71875 0 0 Nick Cook Director 0.00 0.00 X 0 0 0 William Bernens President 0.00 0.00 X X 0 0 0 Tim Poeton Secretary 0.00 0.00 X X 0 0 0 Christiane Gross Vice President 0.00 0.00 X X 0 0 0 Dwayne Elliott Treasurer 0.00 0.00 X X 0 0 0 R Paul Carroll Director 0.00 0.00 X 0 0 0 Jordan Bouthot Director 0.00 0.00 X 0 0 0 Keith Cartmell Director 0.00 0.00 X 0 0 0 Philip Clancey Director 0.00 0.00 X 0 0 0 Kevin S Rentko Director 0.00 0.00 X 0 0 0 Samuel DeGiovanni Director 0.00 0.00 X 0 0 0 Meghan DiBona Director 0.00 0.00 X 0 0 0 Brendan Furlong Director 0.00 0.00 X 0 0 0 Micki Clemson Director 0.00 0.00 X 0 0 0 Mayur Doshi Director 0.00 0.00 X 0 0 0 Ho-Tay Ma Director 0.00 0.00 X 0 0 0 Andrew L Downing Director 0.00 0.00 X 0 0 0 Daniel Hojnowski Director 0.00 0.00 X 0 0 0 Christian Thompson Director 0.00 0.00 X 0 0 0 Abigail Allen Director 0.00 0.00 X 0 0 0 Robert Martin Director 0.00 0.00 X 0 0 0 Michael Schummer Director 0.00 0.00 X 0 0 0 May McKevitt Director 0.00 0.00 X 0 0 0 Tim Nawrocki Director 0.00 0.00 X 0 0 0 Laura Herubin Immed Past Pres 0.00 0.00 X X 0 0 0 Jennifer Uy Director 0.00 0.00 X 0 0 0 Fabian Pilger Director 0.00 0.00 X 0 0 0 Carl Weinberger Director 0.00 0.00 X 0 0 0 John West Director 0.00 0.00 X 0 0 0 James Wilson Director 0.00 0.00 X 0 0 0 Meredith Ramcharan Director 0.00 0.00 X 0 0 0 Emily Rudowitz Director 0.00 0.00 X 0 0 0 Zack Ryan Director 0.00 0.00 X 0 0 0 Steven Simmons Director 0.00 0.00 X 0 0 0 Cathryn Thom Director 0.00 0.00 X 0 0 0 Caitlin Herron Director 0.00 0.00 X 0 0 0 71875 0 false false false 0 0 Conference Income 136310 136310 Education Program Income 10950 10950 Journal Income 980 980 Membership Dues & Assessments 524298 151495 151495 Scholars Program Income 11000 11000 310735 20071 20071 0 0 0 0 0 0 0 0 330806 310735 20071 0 13500 13500 0 0 71875 71875 0 0 0 0 0 90000 90000 1500 1500 2960 2960 0 0 0 0 0 0 0 0 0 0 0 112749 112749 0 0 0 5488 5488 Computers/Internet 33241 33241 Credit Card Fees 5157 5157 Board of Director expenses 3264 3264 Printing and Publications 238 238 332 91 241 340304 203610 136694 0 6721 6118 359035 336354 0 0 0 0 0 0 13176 13737 0 0 0 0 0 0 378932 356209 11575 8850 10500 22075 8850 X 356857 347359 356857 347359 378932 356209 -9498 X false false false true 0 0 Cash/Scholarship 1 5850 Cash value Cash/Scholarship 1 5850 Cash value Cash/Scholarship 1 500 Cash value Cash/Scholarship 1 1300 Cash value Additional Supplemental Information The Scholars Essay Program Service operation is described on Form 990, Part III, Line 4a and is a non-discriminatory, competitive program whereby interning college students as well as first year in the business employees with an IRUA member company may apply to participate. Applicants are approved if the basic qualifications are met, including eligibility to legally work in the United States. Once approved, if they wish, they may submit an essay for consideration by the Scholars Committee. This Committee is chaired by an IRU, Inc. board member and is comprised solely of member company representatives. The intent of the award is to assist in educational expenses. Once the Committee has decided on the winning essays, a recommendation is made to the Executive Committee (comprised of all the officers of IRU, Inc.) and once approved a cash disbursement is made to the individual and, ultimately a Form 1099-Misc. is issued. Details of the selection process and review process are shown on Form 990, Part III, Line 4a. The homepage of the website - www.irua.org - provides details of the program under the "Scholars" tab, and includes the program criteria and an application form. Form 990, Part VI, Section A, Line 4 At the Annual Meeting of Members held on April 23, 2024, the membership unanimously adopted the following amendments to the Bylaws:Article VI - Board of Directors, Section 1 Section (f) is amended FROM: Not less than seven (7) nor more than thirty-six (36) Directors" TO: Not less than seven (7) nor more than forty-two (42) Directors"Article V - Finances, Section 3, is amended FROM: "The Board of Directors shall close the books and financial records of the Association to be examined annually by a Certified Public Accountant." TO: "The Board of Directors shall close the books and financial records of the Association and shall cause such books and records to be examined annually by a Certified Public Accountant or by an Internal Review conducted by or at the direction of the Association Governance Committee and approved by a majority of the Board of Directors." Form 990, Part VI, Section B, Line 11b Each Director is provided a complete copy of Form 990 and all applicable schedules for review, comment and affirmatively providing written approval prior to filing the by the Executive Director. Form 990, Part VI, Section B, Line 12c Each year all directors, whether current or in nomination, are required to review, sign and return to the Executive Director a completed questionnaire. The Executive Director then reviews and makes available to the President all completed forms and a report is submitted to the Board at its next meeting. Form 990, Part VI, Section B, Line 15a The Executive Committee, comprised of the officers, is responsible for the review and approval of the consulting agreement entered into with the Executive Director and the association management agreement entered into with The Beaumont Group, Inc, who serve as Executive Administrators. Form 990, Part VI, Section C, Line 19 IRU, Inc. makes all documents available on request including the by-laws, which are posted on the website.