Nonprofit · EIN 13-1860397
RISK AND INSURANCE MANAGEMENT SOCIETY INC
Tax-exempt · NEW YORK, NY 10018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $21,678,293 | $20,571,061 | $1,107,232 | $22,200,138 | $15,537,452 | $6,662,686 |
| December 31, 2023 | 990 (amended) | $18,564,344 | $19,010,375 | -$446,031 | $21,948,496 | $16,735,160 | $5,213,336 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $20,113,328
- Investment income
- $853,290
- Royalties
- $73,898
- Net rental income
- $540,922
- Net gain from sales of assets
- $421,343
- Other revenue
- $711,675
Expenses
- Grants and similar amounts paid
- $187,565
- Compensation of officers, directors and key employees
- $2,360,092
- Other salaries and wages
- $5,262,422
- Salaries, compensation and benefits (total)
- $8,902,264
- Professional fundraising fees
- $0
- Legal fees
- $30,282
- Accounting fees
- $68,058
- Occupancy
- $872,701
- Travel
- $738,570
- Depreciation
- $91,613
Balance sheet and other
- Total assets, start of year
- $21,948,496
- Total assets, end of year
- $22,200,138
- Total liabilities, end of year
- $15,537,452
- Net assets, end of year
- $6,662,686
- Land, buildings and equipment
- $539,504
- Publicly traded securities
- $11,051,183
- Net assets without donor restrictions
- $6,662,686
- Gross unrelated business income
- $281,333
- Gross receipts
- $23,773,950
- Employees
- 42
- Volunteers
- 153
- Year formed
- 1978
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARY LABRANCHE | CHIEF EXECUTIVE OFFICER Officer | 34.75 | $550,440 | $92,536 |
| MICHAEL PETERS | CHIEF TECHNOLOGY OFFICER Key employee | 35 | $254,705 | $70,663 |
| ANNETTE HOMAN | CHIEF OPERATING OFFICER Key employee | 34.75 | $259,579 | $53,005 |
| MARK PRYSOCK | GENERAL COUNSEL Key employee | 34.75 | $271,360 | $41,079 |
| STUART RUFF-LYON | CHIEF SALES & EVENTS OFFICER Key employee | 35 | $230,175 | $38,493 |
| KATHERINE GLEDHILL | CHIEF FINANCIAL OFFICER Officer | 34.75 | $240,090 | $21,900 |
| LESLIE WHITTET | CHIEF MEMBER EXPERIENCE OFFICER Key employee | 35 | $202,665 | $33,401 |
| DENISE TERESA OSORIO | VP-PROFESSIONAL DEVELOPMENT Highest-paid employee | 35 | $200,957 | $15,695 |
| RICHARD OFOSU | DIRECTOR OF SALES Highest-paid employee | 35 | $157,931 | $58,003 |
| SCOTT BALDRIDGE | SYSTEMS ENGINEER MANAGER Highest-paid employee | 35 | $161,184 | $42,978 |
| BEREKET HAILE | CONTROLLER Highest-paid employee | 35 | $161,269 | $22,181 |
| ROHIT PALRECHA | SENIOR DATA ANALYTICS MANAGER Highest-paid employee | 35 | $161,397 | $12,707 |
| DAVID ARICK | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| KRISTEN PEED | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| KEVIN BATES | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MANUEL PADILLA | SECRETARY Trustee or director, Officer | 5 | $0 |
| ANN BARRY | DIRECTOR Trustee or director | 3 | $0 |
| PENNI CHAMBERS | DIRECTOR Trustee or director | 3 | $0 |
| JOHN KLINE | DIRECTOR Trustee or director | 3 | $0 |
| WILLIAM LEHMAN | DIRECTOR Trustee or director | 3 | $0 |
| TAMIEKA WEEKS | DIRECTOR Trustee or director | 3 | $0 |
| CHRISTIE WEINSTEIN | DIRECTOR Trustee or director | 3 | $0 |
| ROBERT ZHANG | DIRECTOR Trustee or director | 3 | $0 |
| JENNIFER SANTIAGO | DIRECTOR Trustee or director | 3 | $0 |
| CHRISTY KAUFFMAN | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARY LABRANCHE | CHIEF EXECUTIVE OFFICER Officer | 34.8 | $508,394 | $76,312 |
| ANNETTE HOMAN | CHIEF OPERATING OFFICER Key employee | 34.8 | $237,853 | $42,653 |
| MICHAEL PETERS | CHIEF TECHNOLOGY OFFICER Key employee | 35 | $216,851 | $53,626 |
| MARK PRYSOCK | GENERAL COUNSEL Key employee | 34.8 | $238,377 | $29,185 |
| STUART RUFF-LYON | CHIEF SALES & EVENTS OFFICER Key employee | 35 | $205,341 | $28,404 |
| KATHERINE GLEDHILL | CHIEF FINANCIAL OFFICER Officer | 34.8 | $217,126 | $13,356 |
| KRIS WOLCOTT | DIRECTOR OF SALES Highest-paid employee | 35 | $156,904 | $48,022 |
| LESLIE WHITTET | CHIEF MEMBER EXPERIENCE OFFICER Key employee | 35 | $171,245 | $20,190 |
| DENISE TERESA OSORIO | VP-PROFESSIONAL DEVELOPMENT Highest-paid employee | 35 | $179,372 | $10,351 |
| ROBIN TALLANT | DIRECTOR OF MARKETING Highest-paid employee | 35 | $160,900 | $8,928 |
| SCOTT BALDRIDGE | SYSTEMS ENGINEER MANAGER Highest-paid employee | 35 | $135,298 | $33,401 |
| RICHARD OFOSU | LEAD NET DEVELOPER Highest-paid employee | 35 | $144,427 | $21,722 |
| DAVID ARICK | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JENNIFER SANTIAGO | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| KEVIN BATES | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| KRISTEN PEED | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| CHRISTIE WEINSTEIN | DIRECTOR Trustee or director | 3 | $0 | $0 |
| CHRISTINA GARDNER | DIRECTOR Trustee or director | 3 | $0 | $0 |
| CHRISTY KAUFFMAN | Director Trustee or director | 3 | $0 | $0 |
| JOHN KLINE | DIRECTOR Trustee or director | 3 | $0 | $0 |
| MANNY PADILLA | DIRECTOR Trustee or director | 3 | $0 | $0 |
| PATRICK STERLING | DIRECTOR Trustee or director | 3 | $0 | $0 |
| PENNI CHAMBERS | DIRECTOR Trustee or director | 3 | $0 | $0 |
| TINA GARDINER | DIRECTOR Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1407 BROADWAY 29TH FLOOR, NEW YORK, NY 10018-5100
- In care of
- % MARY ROTH
- Mailing address (990-N for 2021)
- 3128 Valley Park Drive, BIRMINGHAM AL 35243
- Principal officer (990 for 2024)
- GARY LABRANCHE, 228 PARK AVE S PMB 23312, NEW YORK, NY 100031502
- Principal officer (990-N for 2021)
- Scott Nesbitt, 3128 Valley Park Drive, Birmingham AL 35243
- Signed the 990
- GARY LABRANCHE, CHIEF EXECUTIVE OFFICER
- Phone
- (212) 286-9292
- Website
- WWW.RIMS.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
THE RISK AND INSURANCE MANAGEMENT SOCIETY, INC. EMPOWERS RISK PROFESSIONALS TO MAKE THE WORLD SAFER, MORE SECURE, AND MORE SUSTAINALBE.RIMS CONFERENCES DELIVER PREMIER RISK MANAGEMENT EDUCATION THROUGH EXPERT SPEAKERS, PRACTICAL PRESENTATIONS, AND PEER KNOWLEDGE SHARING. THIS PROGRAM OVERSEES THE PLANNING AND PRODUCTION OF RISKWORLD - THE FLAGSHIP ANNUAL CONFERENCE & EXHIBITION - ALONG WITH THE ERM CONFERENCE AND THE ANNUAL CANADA CONFERENCE. RISKWORLD IS THE LEADING EVENT FOR RISK PROFESSIONALS, ATTRACTING NEARLY 9,000 ATTENDEES WORLDWIDE IN 2022 AND OVER 10,000 IN 2024, FEATURING IN-DEPTH LEARNING FOR ALL CAREER LEVELS AND A DYNAMIC MARKETPLACE WITH 400+ EXHIBITORS.
Program accomplishments
- RIMS CONFERENCES DELIVER PREMIER RISK MANAGEMENT EDUCATION THROUGH EXPERT SPEAKERS, PRACTICAL PRESENTATIONS, AND PEER KNOWLEDGE SHARING. THIS PROGRAM OVERSEES THE PLANNING AND PRODUCTION OF RISKWORLD - THE FLAGSHIP ANNUAL CONFERENCE & EXHIBITION - ALONG WITH THE ERM CONFERENCE, RIMS TEXAS, THE ANNUAL CANADA CONFERENCE AND OTHER EVENTS. RISKWORLD IS THE LEADING EVENT FOR RISK PROFESSIONALS, ATTRACTING 10,000 PLUS ATTENDEES, FEATURING IN-DEPTH LEARNING FOR ALL CAREER LEVELS AND A DYNAMIC MARKETPLACE WITH 400+ EXHIBITORS.
- MEMBERSHIP - THE MEMBERSHIP PROGRAM SUPPORTS RIMS' GLOBAL COMMUNITY OF RISK PROFESSIONALS BY DRIVING MEMBER ENGAGEMENT, RECRUITMENT, AND RETENTION. IT FOSTERS PROFESSIONAL GROWTH THROUGH NETWORKING, EDUCATION, AND LEADERSHIP DEVELOPMENT INITIATIVES, WHILE OFFERING RESOURCES LIKE CAREER TOOLS, SURVEYS, AND STUDENT PROGRAMS TO PREPARE THE NEXT GENERATION OF RISK LEADERS.
- KNOWLEDGE AND LEARNING - RIMS PROVIDES COMPREHENSIVE LEARNING AND DEVELOPMENT PROGRAMS, INCLUDING STUDENT AND MEMBER INITIATIVES, PROFESSIONAL COMMUNITIES, AND A VARIETY OF EDUCATIONAL FORMATS SUCH AS COURSES, WORKSHOPS, WEBINARS, AND CERTIFICATIONS. THESE OFFERINGS FOCUS ON ESSENTIAL RISK MANAGEMENT SKILLS AND LEADERSHIP DEVELOPMENT FOR ALL CAREER LEVELS.
- PUBLICATIONS - RISK MANAGEMENT MAGAZINE IS RIMS' FLAGSHIP PUBLICATION AND INCLUDES ARTICLES OF INTEREST TO PROFESSIONALS RESPONSIBLE FOR RISK AND INSURANCE MANAGEMENT IN BUSINESS AND INDUSTRIAL FIRMS, PUBLIC ADMINISTRATION AND GOVERNMENT, INSURANCE COMPANIES, AGENTS AND BROKERS, BUSINESS SERVICES AND OTHERS ALLIED TO THE FIELD. BY PROVIDING IN-DEPTH ANALYSIS OF THE WORLD OF RISK, RISK MANAGEMENT MAGAZINE IS A VITAL SOURCE OF PERTINENT INFORMATION FOR RISK PROFESSIONALS AND THOSE WHO ENGAGE WITH RISK PROFESSIONALS. THE DIGITAL MAGAZINE IS PUBLISHED 12 TIMES ANNUALLY AND IS SUPPORTED BY AN ONLINE SITE CONTAINING ROBUST DIGITAL CONTENT AND THE RISK MANAGEMENT MONITOR BLOG, WHICH OFFERS DAILY COVERAGE AND ANALYSIS OF THE LATEST RISK-RELATED NEWS AND ISSUES. RISK-WIRE, DISTRIBUTED TWICE PER WEEK, IS AN EXCLUSIVE NEWS SERVICE FOR RIMS MEMBERS THAT PROVIDES AN EXECUTIVE SUMMARY AND LINKS TO THE MOST IMPORTANT RISK MANAGEMENT STORIES OF THE DAY. ADDITIONAL ONLINE RESOURCES THAT PROVIDE TODAY'S RISK PROFESSIONALS WITH KNOWLEDGE, TOOLS AND RESOURCES THEY NEED TO BE SUCCESSFUL INCLUDE THE STRATEGIC & ENTERPRISE RISK CENTER AND RISK KNOWLEDGE SEARCHABLE CONTENT LIBRARY WHICH ARE AVAILABLE TO BOTH MEMBERS AND THE GENERAL PUBLIC. ADDITIONALLY, THIS AREA ENCOMPASSES RIMS STRATEGIC INITIATIVES AND ENTERPRISE RISK PRACTICE WHICH ENLARGES THE VALUE PROPOSITION FOR RISK MANAGEMENT AS A STRATEGIC BUSINESS DISCIPLINE TO ENCOMPASS VALUE CREATION AND CAPTURE (THE UPSIDE OF UNCERTAINTY), AS WELL AS VALUE PROTECTION (THE DOWNSIDE OF UNCERTAINTY). IN LEADING NEW RESEARCH AND THE DEVELOPMENT OF INNOVATIVE, YET PRAGMATIC, STRATEGIC AND OPERATIONAL RISK PRACTICES THAT ARE APPLICABLE ACROSS ALL TYPES OF ORGANIZATIONS, THE PRACTICE'S MAIN OBJECTIVE IS TO DRIVE INCREMENTAL AND RECURRING REVENUE STREAMS FOR RIMS BY BROADENING ITS MEMBERSHIP AND DELIVERING SPECIFIC PRODUCTS AND SERVICES THAT PROVIDE UNIQUE AND PRACTICAL VALUE FOR ITS CURRENT AND NEW MEMBERS. IN 2021, RIMS BROUGHT ITS RIMS RISK MATURITY MODEL IN HOUSE, ENHANCING THE INTERACTIVE MODEL WHICH FOCUSES ON THE ELEMENTS AND CHARACTERISTICS CONSIDERED IMPORTANT FOR MATURING RISK MANAGEMENT CAPABILITIES. THE MODEL, BUILT BY RISK PROFESSIONALS FOR RISK PROFESSIONALS, WAS ENHANCED USING RIMS SUBJECT MATTER EXPERTS AND EXTERNAL SOFTWARE DEVELOPERS.
- PUBLIC POLICY (FORMERLY EXTERNAL AFFAIRS) - THIS PROGRAM ENCOMPASSES GOVERNMENT AFFAIRS, ADVOCACY AND EXTERNAL COMMUNICATIONS. GOVERNMENT AFFAIRS FOCUSES ON U.S. FEDERAL, STATE AND CANADIAN FEDERAL AND PROVINCIAL LEGISLATIVE AND REGULATORY ISSUES THAT IMPACT THE RISK MANAGEMENT COMMUNITY AND MAINTAINS A STANDING EXTERNAL AFFAIRS COMMITTEE THAT IS RESPONSIBLE FOR CRAFTING RIMS POSITION STATEMENTS, COMPOSING LETTERS TO MEMBERS OF CONGRESS AND ESTABLISHING RIMS LEGISLATIVE PRIORITIES. THE PROGRAM CONDUCTS LOBBYING AT ALL LEVELS OF GOVERNMENT THROUGH AN ASSORTMENT OF STRATEGIES, INCLUDING THE ANNUAL RIMS LEGISLATIVE SUMMIT, WHICH BRINGS RISK PROFESSIONALS TO WASHINGTON, D.C. TO FURTHER THE AGENDA OF THE RISK MANAGEMENT COMMUNITY. THE GOVERNMENT AFFAIRS PROGRAM MAINTAINS CONTACT WITH ITS MEMBERS THROUGHOUT NORTH AMERICA REGARDING ALL LEGISLATIVE DEVELOPMENT VIA THE RIMS WEBSITE, NEWSLETTERS AND E-MAIL ALERTS AND OFFERS RESOURCES ON ADVOCACY TO MEMBERS AND NONMEMBERS.
- CERTIFICATION - RIMS OFFERS THE ONLY COMPETENCY-BASED RISK MANAGEMENT CREDENTIAL, AN ACCREDITED RIMS-CRMP CERTIFICATION THAT VALIDATES PERFORMANCE ABILITY, TECHNICAL KNOWLEDGE AND COMMITMENT TO RISK MANAGEMENT QUALITY STANDARDS. IT REPRESENTS THE STANDARD OF EDUCATION, EXPERIENCE AND ETHICS THAT DISCIPLINE REQUIRES AND ALLOWS CERTIFICATION HOLDERS TO DEMONSTRATE THEIR KNOWLEDGE, COMPETITIVE ADVANTAGE AND COMMITMENT TO QUALITY AND ETHICS. RIMS ALSO ADMINISTERS THE CANADIAN RISK MANAGEMENT (CRM) DESIGNATION, A CREDENTIAL RECOGNIZED ACROSS BOTH PUBLIC AND PRIVATE SECTORS. THIS DESIGNATION PROVIDES RISK PROFESSIONALS WITH FOUNDATIONAL COMPETENCIES IN IDENTIFYING, ASSESSING, MONITORING, AND MITIGATING RISK. IT IS REGARDED AS A KEY CONTRIBUTOR TO PROFESSIONAL CREDIBILITY AND CAREER ADVANCEMENT WITHIN THE RISK MANAGEMENT FIELD.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-1860397
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1960
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $22,200,138
- Income (IRS master file)
- $23,773,950
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $21,678,293 | $20,571,061 | $22,200,138 | IRS |
| 990 | December 2023 | $18,564,344 | $19,010,375 | $21,948,496 | XML |
| 990 | December 2022 | $15,141,629 | $16,811,932 | $20,248,710 | IRS |
| 990-N for 2021 Officer: Scott Nesbitt | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2016 Officer: Christian Spruiell | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-1860397).
Questions about RISK AND INSURANCE MANAGEMENT SOCIETY INC
- What is the EIN of RISK AND INSURANCE MANAGEMENT SOCIETY INC?
- The employer identification number (EIN) of RISK AND INSURANCE MANAGEMENT SOCIETY INC is 13-1860397.
- Is RISK AND INSURANCE MANAGEMENT SOCIETY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1960.
- Are donations to RISK AND INSURANCE MANAGEMENT SOCIETY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RISK AND INSURANCE MANAGEMENT SOCIETY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RISK AND INSURANCE MANAGEMENT SOCIETY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RISK AND INSURANCE MANAGEMENT SOCIETY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RISK AND INSURANCE MANAGEMENT SOCIETY INC?
- The 990 for the year ended December 31, 2024 names GARY LABRANCHE.
- Who are the officers and directors of RISK AND INSURANCE MANAGEMENT SOCIETY INC?
- The 990 for the year ended December 31, 2024 lists 25 people; 12 received compensation from the organization, the highest $550,440 (GARY LABRANCHE, CHIEF EXECUTIVE OFFICER).
- How much revenue does RISK AND INSURANCE MANAGEMENT SOCIETY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $21,678,293, expenses of $20,571,061 and total assets of $22,200,138 at year end.
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