irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $0AIMU HOLDS COURSES, SEMINARS, LECTURE SERIES, AUTHORS TECHNICAL PAPERS AND MAY OCCASIONALLY INVITE GUEST INSTRUCTORS FOR A WIDE RANGE OF MARINE INSURANCE RELATED TOPICS SUCH AS GENERAL OCEAN MARINE INSURANCE, CARGO INSURANCE, PROTECTION & INDEMNITY AND MARINE LIABILITY INSURANCE, YACHT INSURANCE, HULL INSURANCE, OFFSHORE ENERGY INSURANCE, AND OCEAN MARINE CLAIMS.
- #2 $0AIMU RUNS A COMMUNICATIONS PROGRAM WHICH PROVIDES AND DISTRIBUTES PUBLICATIONS INCLUDING A WEEKLY BULLETIN. AIMU ALSO GENERATES AN ANNUAL REPORT ON OPERATING RESULTS AND STATISTICS BY LINE OF BUSINESS. ADDITIONALLY, THROUGH ARTICLES, SPEECHES, INTERVIEWS AND PRESS RELEASES, AIMU RESPONDS PUBLICLY TO MARINE INSURANCE RELATED ISSUES.
named programs · 4 · from sources
What they call their work
Committee Program
Hosts specialized committees (Cargo, Claims Services, Hull, Liability, Offshore, Pleasurecraft, Reinsurance, Technical, etc.) that develop best practices, share knowledge, and address industry challenges.
Education Programs
Offers courses, seminars, webinars, and on-demand learning in marine insurance topics including cargo, hull, liability, and offshore energy insurance. Includes the Certificate of Marine Insurance (COMI) program.
Technical Resources
Produces technical papers, guidelines, and publications on marine insurance topics including survey procedures, regulatory issues, and risk management.
Weekly Bulletin
Distributes a weekly bulletin with updates on marine insurance issues, regulations, and industry developments to members and subscribers.
activities · 8 groups
What they do
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Insurance Industry Trade Association 2 activities
- Advocate on marine insurance policy and regulatory issuesMonitors, reports on, and responds to federal, state, and international legislation and regulations affecting marine insurance through public statements, articles, speeches, press releases, and representation in external organizations such as IUMI and the Board of Marine Underwriters of San Francisco.
- Maintain and provide access to standardized marine insurance forms and clausesDevelops, maintains, and distributes a library of standardized ocean marine insurance forms and clauses through technical committees, supporting consistent industry practices.
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Recognition and Awards Programs 1 activity
- Administer recognition programs for industry contributionsRecognizes individuals for significant contributions to the U.S. ocean marine industry through an annual Distinguished Service Award program, including selection by the Management Committee, presentation at the general meeting, and maintenance of an honor roll.
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Insurance & Risk Management Professional Development 1 activity
- Deliver educational programs for marine insurance professionalsOffers a comprehensive range of educational activities including courses, seminars, webinars, lecture series, technical papers, field trips, and co-organized events such as Marine Insurance Day and the biennial Marine Insurance Issues Seminar to support professional development in marine insurance.
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Maritime Cargo Safety and Compliance 1 activity
- Facilitate global claims and surveying services for membersProvides members with access to a global network of reputable cargo surveyors and claims settling agents, and maintains direct links to surveying associations to support efficient inspection and claims handling worldwide.
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Professional Networking Events 1 activity
- Host member meetings and conferencesConducts an annual general meeting, board of directors meetings in San Francisco, and has hosted major industry events such as the Annual IUMI Conference to support member engagement and knowledge exchange.
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Organizational Newsletter Production and Distribution 1 activity
- Produce and distribute industry publications and data resourcesPrepares and distributes a Weekly Bulletin, annual reports on operating results by line of business, public responses on marine insurance topics, and other publications to inform members and stakeholders about regulatory developments, court decisions, and industry trends.
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Member-Exclusive Resource Access 1 activity
- Provide access to legal opinions on marine insurance issuesSupports members with access to legal opinions on matters affecting the marine insurance industry, enhancing their ability to navigate regulatory and contractual challenges.
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Professional Membership and Association Benefits 1 activity
- Provide member-exclusive resources and benefitsOffers members exclusive access to content resources, significant registration discounts on events, and maintains a membership directory across categories including corporate, legal counsel, brokers/MGAs, claims services, law firms, reinsurance intermediaries, and affiliates.
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financials · form 990 · fy2024
revenue
Total revenue$1.43M
Contributions & grants$00%
Program service revenue$1.22M85%
Investment income$57K4%
Other revenue$156K
expenses
Total expenses$1.52M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$644K
Grants paid out$6K
Largest expense lineCompensation
balance sheet
Total assets$1.08M
Cash$1.08M
Investments$0
Liabilities$0
Net assets$1.08M
Liquid reserves8.5 mo
4 years on record · 2020–2024 · YoY revenue +0.3%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 3
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| JOHN MIKLUS | PRESIDENT | 40 | $341K |
| EILEEN MONREALE | EDUCATION SPECIALIST | 40 | $151K |
| ELVIRA RODIN | OFFICE MANAGER | 40 | $122K |
board members · 22
- ANDREA WILLI — DIRECTOR
- ANDREW D'ALESSIO — DIRECTOR
- ANNE MARIE ELDER — DIRECTOR
- BEN WYATT — DIRECTOR
- BILL LANG — DIRECTOR
- BRIAN CADIGAN — DIRECTOR
- BRIAN MURPHY — DIRECTOR
- CURT BROWDER — DIRECTOR
- DAVID CALLAGHAN — DIRECTOR
- DENNIS LEWIS — DIRECTOR
- DREW A FELDMAN — DIRECTOR
- EDWIN BALDWIN — DIRECTOR
- ERIC TIMM — DIRECTOR
- GAVIN SPENCER — DIRECTOR
- GORDON LEWIS — DIRECTOR
- JAMES THIELEBEULE — DIRECTOR
- JAMIE NAWOJCHIK — DIRECTOR
- JEFFREY KAUFMANN — DIRECTOR
- JOHN BARNWELL — DIRECTOR (THRU JULY 2024)
- JUDY COOKE — DIRECTOR (THRU OCT 2024)
- KAREN GRISWOLD — DIRECTOR OF FINANCES
- KAREN L GRISWOLD — DIRECTOR
relationships · 15
Who they work with
- AIMU Network — Self-referenced as the operating entity for programs and communications
- American Marine Insurance Forum (AMIF) Partner — Collaborates with AIMU to co-organize Marine Insurance Day.
- Association of Average Adjusters of the U.S. Partner — Collaborates with AIMU to co-organize Marine Insurance Day.
- Board of Marine Underwriters of San Francisco Network — Affiliated organization representing marine underwriters in San Francisco.
- Board of Marine Underwriters of San Francisco, Inc. Partner — Recognized as an affiliate organization of AIMU.
- CBMU Partner — Co-hosts webinars and conferences with CBMU on marine insurance topics.
- Elvira Rodin Partner — Point of contact for obtaining company ID and password for password-protected information
- IUMI Partner — Administers relations with IUMI, including participation in its annual conference.
- IUMI Partner — Collaborates with IUMI on spring meetings and hosted conferences.
- Inland Marine Underwriters Association (IMUA) Partner — Collaborates with AIMU to co-organize Marine Insurance Day.
- International Union of Marine Insurance Network — AIMU is an active member of the International Union of Marine Insurance (IUMI), a global professional body representing marine insurers and reinsurers.
- International Union of Marine Insurance (IUMI) Partner — Collaborates through joint committee service, including on technical and executive committees and U.S.-hosted conference planning.
- Marine Claims and Recovery Forum Partner — Collaborates with AIMU to co-organize Marine Insurance Day.
- Marine and Insurance Claims Association (MICA) Partner — Collaborates with AIMU to co-organize Marine Insurance Day.
- St. John’s University Partner — Collaborates on marine insurance education through instruction in marine insurance courses.
strategies · 3
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.
- Industry Standardization Through Collaborative Committeesmethodology: industry-standardization-through-committeesBy convening technical committees to develop standardized forms and clauses, the organization improves consistency and efficiency across the marine insurance industry, because shared practices reduce friction, errors, and disputes in policy implementation.
- Member-Driven Knowledge Sharing and Advocacymethodology: member-driven knowledge sharingBy gathering and disseminating technical information and fostering member collaboration, the organization protects collective industry interests and shapes professional norms, because unified, informed members can better influence policy, practice, and public understanding of marine underwriting.
- Professional Development Through Educationmethodology: professional-development-through-educationBy delivering structured education, scholarships, and experiential learning opportunities, the organization builds professional knowledge and raises industry standards in marine insurance, because a more skilled and informed workforce improves underwriting quality and industry credibility.