irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $14KSCHOLARS 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.
- #2 $0JOURNAL 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.
named programs · 4 · from sources
What they call their work
Annual Conference
Marquee multi-day event featuring industry experts, technical sessions, and the annual membership meeting for electing officers and voting on corporate matters; includes sponsorships and registration revenue.
Educational Programs
Technical seminars and webinars on reinsurance topics, including emerging risks, offered to members and non-members, with events transitioning to virtual during the pandemic.
Journal of Reinsurance
Discontinued publication with over 400 archived articles available to members and paid subscribers; content dissemination continues via the IRUA55 LinkedIn page.
Scholars Program
Annual essay competition for college students interning at member companies and first-year employees, with cash awards determined by a committee of member representatives based on content quality and relevance to reinsurance.
activities · 4 groups
What they do
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Industry-Specific Student Scholarships and Competitions 1 activity
- Award grants for essay competition on reinsurance topicsFunds and administers an essay competition on reinsurance topics, awarding prize money to winners who are college interns or first-year employees at member companies. In one year, disbursed $13,500 in prizes.
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Professional Certification and Continuing Education 1 activity
- Deliver technical education programs for reinsurance professionalsProvides ongoing technical education programs focused on emerging risks and industry trends for reinsurance professionals, delivered virtually during the pandemic.
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Professional Conference & Symposium Organization 1 activity
- Host annual conference for reinsurance industry professionalsOrganizes and hosts an annual multi-day conference featuring industry experts, which also serves as the membership meeting for electing leadership and voting on corporate matters.
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Member-Exclusive Resource Access 1 activity
- Provide access to technical articles on reinsuranceMade over 400 previously published technical articles on reinsurance available to members for free, with access also offered to non-members via paid subscription.
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financials · form 990 · fy2024
revenue
Total revenue$331K
Contributions & grants$00%
Program service revenue$311K94%
Investment income$20K6%
Other revenue$0
expenses
Total expenses$340K
Program expenses60%
Admin / overhead40%
Fundraising0%
Salaries & benefits$72K
Grants paid out$14K
Largest expense lineProfessional Fees
balance sheet
Total assets$356K
Cash$342K
Investments$0
Liabilities$9K
Net assets$347K
Liquid reserves12.1 mo
3 years on record · 2020–2024 · YoY revenue +6.0%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| Jeremy R Wallis | Executive Director | 30 | $72K |
board members · 24
- Abigail Allen — Director
- Andrew L Downing — Director
- Brendan Furlong — Director
- Caitlin Herron — Director
- Carl Weinberger — Director
- Cathryn Thom — Director
- Christian Thompson — Director
- Christiane Gross — Vice President
- Daniel Hojnowski — Director
- Dwayne Elliott — Treasurer
- Emily Rudowitz — Director
- Fabian Pilger — Director
- Ho-Tay Ma — Director
- James Wilson — Director
- Jennifer Uy — Director
- John West — Director
- Jordan Bouthot — Director
- Keith Cartmell — Director
- Kevin S Rentko — Director
- Laura Herubin — Immed Past Pres
- May McKevitt — Director
- Mayur Doshi — Director
- Meghan DiBona — Director
- Meredith Ramcharan — Director
relationships · 2
Who they work with
- law firms Partner — Law firms donate the use of their facilities to host educational programs and events.
- member companies Partner — Member companies contribute funding, serve on the Scholars Committee, donate facilities for events, and participate in governance and content development.
strategies · 2
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Early-Career Inclusion in Professional Developmentmethodology: early-career-inclusionBy including interns and early-career employees in scholarship and essay programs, we increase access to professional growth opportunities, because early engagement fosters long-term industry inclusion and diversifies leadership pipelines.
- In-Kind Partner Support for Cost Reductionmethodology: in-kind-partner-supportBy securing in-kind donations of facilities from member companies and law firms, we reduce program costs and increase resource efficiency, because leveraging existing infrastructure allows more funding to be directed toward program delivery rather than overhead.