Nonprofit · EIN 41-2161294
ASSOCIATION OF INSURANCE AND REINSURANCE RUN-OFF COMPANIES INC
Tax-exempt · SMITHTOWN, NY 11787
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $433,128 | $384,409 | $48,719 | $596,352 | $85,415 | $510,937 |
| December 31, 2024 | 990 | $350,392 | $373,175 | -$22,783 | $606,304 | $144,086 | $462,218 |
| December 31, 2023 | 990 | $357,133 | $353,706 | $3,427 | $607,901 | $122,900 | $485,001 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $429,750
- Membership dues
- $277,750
- Program service revenue
- $1,100
- Investment income
- $26,026
- Net income from fundraising events
- -$23,748
- Other revenue
- -$23,748
Expenses
- Grants and similar amounts paid
- $5,000
- Other salaries and wages
- $178,016
- Salaries, compensation and benefits (total)
- $194,196
- Professional fundraising fees
- $0
- Accounting fees
- $17,673
- Travel
- $18,020
- Program services (functional)
- $384,409
Balance sheet and other
- Total assets, start of year
- $606,304
- Total assets, end of year
- $596,352
- Total liabilities, end of year
- $85,415
- Net assets, end of year
- $510,937
- Net assets without donor restrictions
- $510,937
- Gross receipts
- $668,125
- Employees
- 2
- Year formed
- 2004
- State of legal domicile
- NY
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATRYN REYNOLDS | EXECTUIVE DI Trustee or director | 40 | $105,000 |
| CAROLYN FAHEY | EXECUTIVE DI Former | 40 | $100,516 |
| DAWN BALLIN | DIR & CHAIRM Trustee or director, Officer | 2 | $0 |
| BETSY MITCHELL | DIR & CO-VIC Trustee or director | 1 | $0 |
| MARIANNE PETILLO | DIRECTOR & T Trustee or director | 2 | $0 |
| JUDY HARNADEK | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL LONEY | DIRECTOR Trustee or director | 2 | $0 |
| BRANDAN MCQUIGGAN | DIRECTOR Trustee or director | 2 | $0 |
| SALLY REDD | DIRECTOR Trustee or director | 1 | $0 |
| STEWART RICHMOND | DIRECTOR Trustee or director | 2 | $0 |
| STEVE GOATE | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN MCHUGH | SECRETARY Officer | 2 | $0 |
| JAME NEWTON | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT ROMANO | GENERAL COUN Officer | 2 | $0 |
| ELENI IACOVIDES | DIRECTOR Trustee or director | 1 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STACIE ROLFINGSMIER | DIRECTOR Trustee or director | 1 | $0 |
| NICOLE GUNDRAULT | DIRECTOR Trustee or director | 1 | $0 |
| ELEINE CAPRIO | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROLYN FAHEY | EXECUTIVE DI Highest-paid employee | 40 | $182,500 |
| TOM MENDRALLA | DIR & CHAIRM Officer | 2 | $0 |
| DAWN BALLIN | DIR & CO-VIC Trustee or director, Officer | 1 | $0 |
| BETSY MITCHELL | DIR & CO-VIC Trustee or director | 1 | $0 |
| MARIANNE PETILLO | DIRECTOR & T Trustee or director | 2 | $0 |
| JUDY HARNADEK | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL LONEY | DIRECTOR Trustee or director | 1 | $0 |
| BRANDAN MCQUIGGAN | DIRECTOR Trustee or director | 1 | $0 |
| SALLY REDD | DIRECTOR Trustee or director | 1 | $0 |
| STEWART RICHMOND | DIRECTOR Trustee or director | 2 | $0 |
| KATIE REYNOLDS | DIRECTOR Trustee or director | 1 | $0 |
| STEVE GOATE | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN MCHUGH | SECRETARY Officer | 1 | $0 |
| MIKE TERELMES | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT ROMANO | GENERAL COUN Officer | 2 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROLYN FAHEY | EXECUTIVE DI Highest-paid employee | 10 | $182,500 |
| WILLIAM GOLDSMITH | DIRECTOR & C Officer | 1 | $0 |
| TOM MENDRALLA | DIR & CO-VIC Officer | 2 | $0 |
| BETSY MITCHELL | DIRECTOR & C Officer | 2 | $0 |
| MARIANNE PETILLO | DIRECTOR & T Trustee or director | 2 | $0 |
| DAWN BALLIN | DIRECTOR Trustee or director | 1 | $0 |
| JUDY HARNADEK | DIRECTOR Trustee or director | 1 | $0 |
| EDWARD HOCHBERG | DIRECTOR Trustee or director | 1 | $0 |
| BRENDAN MCQUIGGAN | DIRECTOR Trustee or director | 1 | $0 |
| SALLY REDD | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS REICHOW | DIRECTOR Trustee or director | 1 | $0 |
| STEWART RICHMOND | DIRECTOR Trustee or director | 1 | $0 |
| LEAH SPIVEY | DIRECTOR Trustee or director | 1 | $0 |
| BILL TEICH | DIRECTOR Trustee or director | 1 | $0 |
| MIKE TERELMES | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN ALDRIDGE | GENERAL COUN Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 67 ABERDEEN RD, SMITHTOWN, NY 11787-4439
- In care of
- % ROBERT HENDEL
- Principal officer (990 for 2025)
- MARIANNE PETILLO, 12 ORANMORE AVENUE, REHOBETH BEACH, DE 19971
- Signed the 990
- MARIANNE PETILLO, DIRECTOR & TREASURER
- Phone
- (631) 804-7361
- Website
- WWW.AIRROC.ORG
- Return prepared by
- CUNNINGHAM CAREY & PHILLIPS
Mission
AIRROC'S MISSION IS TO FOSTER A SUSTAINABLE LEGACY MARKET AND PROVIDE VALUE BY ENGAGING STAKEHOLDERS, SHARING KNOWLEDGE AND DEVELOPING LEADERS.
Program accomplishments
- PAYROLLExpenses $178,016
- Expenses $52,979 · revenue $1,100
- SCHLORSHIPExpenses $153,414
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 | 990 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
- 41-2161294
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $596,352
- Income (IRS master file)
- $664,680
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $433,128 | $384,409 | $596,352 | XML |
| 990 | December 2024 | $350,392 | $373,175 | $606,304 | IRS |
| 990 | December 2023 | $357,133 | $353,706 | $607,901 | XML |
| 990 | December 2022 | $347,977 | $336,978 | $563,574 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 41-2161294).
Questions about ASSOCIATION OF INSURANCE AND REINSURANCE RUN-OFF COMPANIES INC
- What is the EIN of ASSOCIATION OF INSURANCE AND REINSURANCE RUN-OFF COMPANIES INC?
- The employer identification number (EIN) of ASSOCIATION OF INSURANCE AND REINSURANCE RUN-OFF COMPANIES INC is 41-2161294.
- Is ASSOCIATION OF INSURANCE AND REINSURANCE RUN-OFF COMPANIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2005.
- Are donations to ASSOCIATION OF INSURANCE AND REINSURANCE RUN-OFF COMPANIES INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ASSOCIATION OF INSURANCE AND REINSURANCE RUN-OFF COMPANIES 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 ASSOCIATION OF INSURANCE AND REINSURANCE RUN-OFF COMPANIES INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSOCIATION OF INSURANCE AND REINSURANCE RUN-OFF COMPANIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ASSOCIATION OF INSURANCE AND REINSURANCE RUN-OFF COMPANIES INC?
- The 990 for the year ended December 31, 2025 names MARIANNE PETILLO.
- Who are the officers and directors of ASSOCIATION OF INSURANCE AND REINSURANCE RUN-OFF COMPANIES INC?
- The 990 for the year ended December 31, 2025 lists 18 people; 2 received compensation from the organization, the highest $105,000 (KATRYN REYNOLDS, EXECTUIVE DI).
- How much revenue does ASSOCIATION OF INSURANCE AND REINSURANCE RUN-OFF COMPANIES INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $433,128, expenses of $384,409 and total assets of $596,352 at year end.
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