Nonprofit · EIN 42-1192330
IRU INC
Also known as INTERMEDIARIES & REINSURANCE UNDERW
Tax-exempt · EASTCHESTER, NY 10709
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $328,342 | $296,134 | $32,208 | $406,994 | $27,427 | $379,567 |
| December 31, 2024 | 990 | $330,806 | $340,304 | -$9,498 | $356,209 | $8,850 | $347,359 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $310,863
- Investment income
- $17,479
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $12,000
- Compensation of officers, directors and key employees
- $81,667
- Salaries, compensation and benefits (total)
- $81,667
- Professional fundraising fees
- $0
- Legal fees
- $1,500
- Accounting fees
- $2,610
- Program services (functional)
- $174,061
- Management and general (functional)
- $122,073
Balance sheet and other
- Total assets, start of year
- $356,209
- Total assets, end of year
- $406,994
- Total liabilities, end of year
- $27,427
- Net assets, end of year
- $379,567
- Net assets without donor restrictions
- $379,567
- Gross receipts
- $328,342
- Employees
- 0
- Year formed
- 1986
- 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 |
|---|---|---|---|
| Jeremy R Wallis | Executive Director | 30 | $81,667 |
| Nick Cook | Director Trustee or director | 0 | $0 |
| William Bernens | Past President Trustee or director | 0 | $0 |
| Tim Poeton | Secretary Trustee or director, Officer | 0 | $0 |
| Christiane Gross | President Trustee or director, Officer | 0 | $0 |
| Dwayne Elliott | Vice President Trustee or director, Officer | 0 | $0 |
| R Paul Carroll | Director Trustee or director | 0 | $0 |
| Jordan Bouthot | Director Trustee or director | 0 | $0 |
| Keith Cartmell | Director Trustee or director | 0 | $0 |
| Philip Clancey | Director Trustee or director | 0 | $0 |
| Nicholas DeMartini | Director Trustee or director | 0 | $0 |
| Samuel DeGiovanni | Director Trustee or director | 0 | $0 |
| Meghan DiBona | Director Trustee or director | 0 | $0 |
| Brendan Furlong | Director Trustee or director | 0 | $0 |
| Micki Clemson | Director Trustee or director | 0 | $0 |
27 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mayur Doshi | Director Trustee or director | 0 | $0 |
| Ho-Tay Ma | Director Trustee or director | 0 | $0 |
| Andrew L Downing | Director Trustee or director | 0 | $0 |
| Daniel Hojnowski | Director Trustee or director | 0 | $0 |
| Christian Thompson | Director Trustee or director | 0 | $0 |
| Abigail Allen | Director Trustee or director | 0 | $0 |
| Robert Martin | Director Trustee or director | 0 | $0 |
| Michael Schummer | Director Trustee or director | 0 | $0 |
| May McKevitt | Director Trustee or director | 0 | $0 |
| Tim Nawrocki | Director Trustee or director | 0 | $0 |
| Laura Herubin | Treasurer Trustee or director, Officer | 0 | $0 |
| Jennifer Uy | Director Trustee or director | 0 | $0 |
| Fabian Pilger | Director Trustee or director | 0 | $0 |
| Carl Weinberger | Director Trustee or director | 0 | $0 |
| John West | Director Trustee or director | 0 | $0 |
| James Wilson | Director Trustee or director | 0 | $0 |
| Meredith Ramcharan | Director Trustee or director | 0 | $0 |
| Emily Rudowitz | Director Trustee or director | 0 | $0 |
| Zack Ryan | Director Trustee or director | 0 | $0 |
| Steven Simmons | Director Trustee or director | 0 | $0 |
| Cathryn Thom | Director Trustee or director | 0 | $0 |
| Caitlin Herron | Director Trustee or director | 0 | $0 |
| Nicholas Fiore | Director Trustee or director | 0 | $0 |
| John Lally III | Director Trustee or director | 0 | $0 |
| Alex Meals | Director Trustee or director | 0 | $0 |
| Armanda Thompson | Director Trustee or director | 0 | $0 |
| Ryan Walsh | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 37 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeremy R Wallis | Executive Director | 30 | $71,875 |
| Nick Cook | Director Trustee or director | 0 | $0 |
| William Bernens | President Trustee or director, Officer | 0 | $0 |
| Tim Poeton | Secretary Trustee or director, Officer | 0 | $0 |
| Christiane Gross | Vice President Trustee or director, Officer | 0 | $0 |
| Dwayne Elliott | Treasurer Trustee or director, Officer | 0 | $0 |
| R Paul Carroll | Director Trustee or director | 0 | $0 |
| Jordan Bouthot | Director Trustee or director | 0 | $0 |
| Keith Cartmell | Director Trustee or director | 0 | $0 |
| Philip Clancey | Director Trustee or director | 0 | $0 |
| Kevin S Rentko | Director Trustee or director | 0 | $0 |
| Samuel DeGiovanni | Director Trustee or director | 0 | $0 |
| Meghan DiBona | Director Trustee or director | 0 | $0 |
| Brendan Furlong | Director Trustee or director | 0 | $0 |
| Micki Clemson | Director Trustee or director | 0 | $0 |
| Mayur Doshi | Director Trustee or director | 0 | $0 |
| Ho-Tay Ma | Director Trustee or director | 0 | $0 |
| Andrew L Downing | Director Trustee or director | 0 | $0 |
| Daniel Hojnowski | Director Trustee or director | 0 | $0 |
| Christian Thompson | Director Trustee or director | 0 | $0 |
| Abigail Allen | Director Trustee or director | 0 | $0 |
| Robert Martin | Director Trustee or director | 0 | $0 |
| Michael Schummer | Director Trustee or director | 0 | $0 |
| May McKevitt | Director Trustee or director | 0 | $0 |
| Tim Nawrocki | Director Trustee or director | 0 | $0 |
| Laura Herubin | Immed Past Pres Trustee or director, Officer | 0 | $0 |
| Jennifer Uy | Director Trustee or director | 0 | $0 |
| Fabian Pilger | Director Trustee or director | 0 | $0 |
| Carl Weinberger | Director Trustee or director | 0 | $0 |
| John West | Director Trustee or director | 0 | $0 |
| James Wilson | Director Trustee or director | 0 | $0 |
| Meredith Ramcharan | Director Trustee or director | 0 | $0 |
| Emily Rudowitz | Director Trustee or director | 0 | $0 |
| Zack Ryan | Director Trustee or director | 0 | $0 |
| Steven Simmons | Director Trustee or director | 0 | $0 |
| Cathryn Thom | Director Trustee or director | 0 | $0 |
| Caitlin Herron | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 40 MANCHESTER RD L1, EASTCHESTER, NY 10709-1368
- Principal officer (990 for 2025)
- Jeremy R Wallis
- Signed the 990
- Jeremy R Wallis, Executive Director
- Phone
- (718) 892-0228
- Return prepared by
- RRBB ADVISORS LLC
Mission
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.
Program accomplishments
- 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.Expenses $74,276 · revenue $128,780
- 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 2025, the sum of $10,758 was voluntarily contributed by members and $12,000 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.Expenses $12,000 · revenue $10,758
- 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.Expenses $1,546 · revenue $7,335
- 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.revenue $490
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
- 42-1192330
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $406,994
- Income (IRS master file)
- $328,342
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $318,505 | $318,257 | $378,932 | IRS |
| 990 | December 2022 | $312,193 | $318,245 | $369,909 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about IRU INC
- What is the EIN of IRU INC?
- The employer identification number (EIN) of IRU INC is 42-1192330.
- Is IRU INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1987.
- Are donations to IRU INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IRU 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 IRU 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 IRU 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 IRU INC?
- The 990 for the year ended December 31, 2025 names Jeremy R Wallis.
- Who are the officers and directors of IRU INC?
- The 990 for the year ended December 31, 2025 lists 42 people; 1 received compensation from the organization, the highest $81,667 (Jeremy R Wallis, Executive Director).
- How much revenue does IRU INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $328,342, expenses of $296,134 and total assets of $406,994 at year end.
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