Nonprofit · EIN 61-1405040
PROFESSIONAL RISK MANAGERS INTERNATIONAL ASSOCIATION
Also known as KRISTIN LUCAS
Tax-exempt · NORTHFIELD, MN 55057
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,522,432 | $1,655,697 | -$133,265 | $196,587 | $1,014,944 | -$818,357 |
| June 30, 2024 | 990 | $1,418,484 | $1,559,511 | -$141,027 | $522,472 | $1,207,436 | -$684,964 |
| June 30, 2023 | 990 | $1,478,936 | $1,594,541 | -$115,605 | $258,566 | $1,144,576 | -$886,010 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,516,627
- Investment income
- $5,142
- Other revenue
- $663
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $286,292
- Other salaries and wages
- $608,593
- Salaries, compensation and benefits (total)
- $1,020,631
- Professional fundraising fees
- $0
- Legal fees
- $3,734
- Accounting fees
- $9,263
- Occupancy
- $47,308
- Travel
- $17,406
- Depreciation
- $1,352
- Program services (functional)
- $1,337,440
- Management and general (functional)
- $318,257
Balance sheet and other
- Total assets, start of year
- $522,472
- Total assets, end of year
- $196,587
- Total liabilities, end of year
- $1,014,944
- Net assets, end of year
- -$818,357
- Land, buildings and equipment
- $1,304
- Net assets without donor restrictions
- -$818,357
- Gross receipts
- $1,522,432
- Employees
- 9
- Volunteers
- 400
- Year formed
- 2002
- State of legal domicile
- DE
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JUSTIN MCCARTHY | CEO Trustee or director, Officer | 40 | $196,292 |
| CHRISTINA SEVERSON | FINANCE DIRECTOR Officer | 40 | $90,000 |
| LAKSHMI SHYAM-SUNDER | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| SAJJAD AHMED CHEEMA | DIRECTOR Trustee or director | 1 | $0 |
| OLEG LEBEDEV | DIRECTOR Trustee or director | 1 | $0 |
| KRAIG THOMAS CONRAD | DIRECTOR Trustee or director | 1 | $0 |
| OSCAR D MCCARTHY | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPHINE WAI FUN WOO | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN O'ROURKE | DIRECTOR Trustee or director | 1 | $0 |
| VENUGOPAL KARAKVALSA PATNAIK | DIRECTOR Trustee or director | 1 | $0 |
| ANANT SAXENA | DIRECTOR Trustee or director | 1 | $0 |
| DAVID COLEMAN | PAST CHAIR Officer | 5 | $0 |
| BRUCE FLETCHER | CHAIR Officer | 1 | $0 |
| CARLOS DA COSTA | TREASURER Officer | 5 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JUSTIN MCCARTHY | CEO Trustee or director | 40 | $194,627 |
| CHRISTINA SEVERSON | FINANCE DIRECTOR Officer | 40 | $78,000 |
| LAKSHMI SHYAM-SUNDER | VICE CHAIR Trustee or director | 5 | $0 |
| SAJJAD AHMED CHEEMA | DIRECTOR Trustee or director | 1 | $0 |
| OLEG LEBEDEV | DIRECTOR Trustee or director | 1 | $0 |
| KRAIG THOMAS CONRAD | DIRECTOR Trustee or director | 1 | $0 |
| OSCAR D MCCARTHY | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPHINE WAI FUN WOO | DIRECTOR Trustee or director | 1 | $0 |
| DAVID COLEMAN | PAST CHAIR Officer | 5 | $0 |
| BRUCE FLETCHER | CHAIR Officer | 1 | $0 |
| CARLOS DA COSTA | TREASURER Officer | 5 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JUSTIN MCCARTHY | CEO Trustee or director, Officer | 40 | $180,000 |
| CHRISTINA SEVERSON | FINANCE DIRECTOR Trustee or director, Officer | 40 | $85,000 |
| DAVID COLEMAN | PAST CHAIR Trustee or director, Officer | 5 | $0 |
| LAKSHMI SHYAM-SUNDER | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| BRUCE FLETCHER | CHAIR Trustee or director, Officer | 1 | $0 |
| CARLOS DA COSTA | TREASURER Trustee or director, Officer | 5 | $0 |
| CRAIG HAYMAKER | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT IOMMAZZO | DIRECTOR Trustee or director | 1 | $0 |
| SAJJAD AHMED CHEEMA | DIRECTOR Trustee or director | 1 | $0 |
| OLEG LEBEDEV | DIRECTOR Trustee or director | 1 | $0 |
| KRAIG THOMAS CONRAD | DIRECTOR Trustee or director | 1 | $0 |
| OSCAR D MCCARTHY | DIRECTOR Trustee or director | 1 | $0 |
| GREGORY GASKEL | DIRECTOR Trustee or director | 1 | $0 |
| VENUGOPAL KARAKVALSA PATNAIK | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPHINE WAI FUN WOO | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1700 CANNON RD STE 200, NORTHFIELD, MN 55057-1693
- Principal officer (990 for 2024)
- CHRISTINA SEVERSON, 1700 CANNON ROAD 200, NORTHFIELD, MN 55057
- Signed the 990
- CHRISTINA SEVERSON, DIRECTOR OF FINANCE
- Phone
- (612) 216-4325
- Website
- WWW.PRMIA.ORG
- Return prepared by
- BARTON WALTER & KRIER PC
Mission
TO PROVIDE AN OPEN FORUM FOR THE PROMOTION OF SOUND RISK MANAGEMENT STANDARDS AND PRACTICES GLOBALLY
Program accomplishments
- RISK EDUCATION:PRMIA OFFERS RISK EDUCATION TO PROFESSIONALS GLOBALLY, THROUGH ONLINE COURSES, LIVE CLASSROOM TRAINING, WEBINARS, AND CUSTOMIZED IN-HOUSE CORPORATE TRAINING.Expenses $1,204,467 · revenue $406,735
- RISK CERTIFICATION:THE PROFESSIONAL RISK MANAGER (PRM) DESIGNATION IS ENDORSED BY LEADING BUSINESSES AND UNIVERSITIES. IT IS THE GLOBAL STANDARD FOR THE WORLD'S TOP FINANCIAL RISK PROFESSIONALS. CERTIFICATE PROGRAMS INLCUDE THE ASSOCIATE PRM FOR STAFF ENTERING THE RISK MANAGEMENT PROFESSION; THE OPERATIONAL RISK MANAGERCERTIFICATE; THE CREDIT AND COUNTERPARTY RISK MANAGER CERTIFICATE; AND THE MARKET, LIQUIDITY AND ASSET LIABILITY CERTIFICATE. OUR PUBLICATIONS PROVIDE ACCESS TO SOME OF THE HIGHEST QUALITY AND MOST RELEVANT WRITING FOR PROFESSIONAL RISK MANAGERS.Expenses $47,834 · revenue $694,225
- MEMBERSHIP:PRMIA HAS A VARIETY OF MEMBERSHIP TYPES TO OFFER, WITH TWO PAID LEVELS (SUSTAINING, $200 AND CONTRIBUTING, $100) AND ONE FREE LEVEL (AFFILIATE).Expenses $12,017 · revenue $267,652
- GLOBAL PRESENCE:PRMIA IS ACTIVE IN NEARLY EVERY MAJOR FINANCIAL CENTER. PRMIA PROVIDES AN EXTENSIVE AND ENGAGED NETWORK FOR RISK PROFESSIONALS. PRMIA HAS OVER 50,000 MEMBERS AND HAS 50 CHAPTERS WORLDWIDE.Expenses $73,122 · revenue $148,014
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1405040
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $196,587
- Income (IRS master file)
- $1,522,432
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,522,432 | $1,655,697 | $196,587 | XML |
| 990 | June 2024 | $1,418,484 | $1,559,511 | $522,472 | XML |
| 990 | June 2023 | $1,478,936 | $1,594,541 | $258,566 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 61-1405040).
Questions about PROFESSIONAL RISK MANAGERS INTERNATIONAL ASSOCIATION
- What is the EIN of PROFESSIONAL RISK MANAGERS INTERNATIONAL ASSOCIATION?
- The employer identification number (EIN) of PROFESSIONAL RISK MANAGERS INTERNATIONAL ASSOCIATION is 61-1405040.
- Is PROFESSIONAL RISK MANAGERS INTERNATIONAL ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2002.
- Are donations to PROFESSIONAL RISK MANAGERS INTERNATIONAL ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PROFESSIONAL RISK MANAGERS INTERNATIONAL ASSOCIATION 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 PROFESSIONAL RISK MANAGERS INTERNATIONAL ASSOCIATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROFESSIONAL RISK MANAGERS INTERNATIONAL ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PROFESSIONAL RISK MANAGERS INTERNATIONAL ASSOCIATION?
- The 990 for the year ended June 30, 2025 names CHRISTINA SEVERSON.
- Who are the officers and directors of PROFESSIONAL RISK MANAGERS INTERNATIONAL ASSOCIATION?
- The 990 for the year ended June 30, 2025 lists 14 people; 2 received compensation from the organization, the highest $196,292 (JUSTIN MCCARTHY, CEO).
- How much revenue does PROFESSIONAL RISK MANAGERS INTERNATIONAL ASSOCIATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,522,432, expenses of $1,655,697 and total assets of $196,587 at year end.
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