EIN 42-1192330

Intermediaries and Reinsurance Underw (IRU)

IRS 501(c) type
501(c)(6)
Num. employees
0
City
Year formed
1986
Most recent tax filings
2023-12-01
NTEE code, primary
Description
IRU provides education, development, networking services & scholarship essay program. Publishes the Journal of Reinsurance. Location: Throggs Neck, NY.
Total revenues
$318,505
2023
Total expenses
$318,257
2023
Total assets
$378,932
2023
Num. employees
0
2023

Program areas at IRU

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.
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.
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 2023, the sum of $15,500 was voluntarily contributed by members and was all disbursed to essay winners. Each year the Board of Directors will determine and authorize the total amount awarded based on he Committee's recommendations.

Personnel at IRU

NameTitleCompensation
Jeremy R WallisExecutive Director$75,000
William BernensPresident$0
Tim PoetonSecretary$0
Christiane GrossVice President$0
Dwayne ElliottTreasurer$0
...and 4 more key personnel

Financials for IRU

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$301,155
Investment income and dividends$17,350
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$318,505

Form 990s for IRU

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-22990View PDF
2022-122023-07-14990View PDF
2021-122022-10-27990View PDF
2020-122021-11-01990View PDF
2019-122021-10-14990OView PDF
...and 9 more Form 990s
Data update history
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 30, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 1 new personnel
June 4, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Professional associationsBusiness and community development organizations
Issues
EducationBusiness and industry
Characteristics
MembershipsNo full-time employees
General information
Address
3014 Baisley Ave 201
Bronx, NY 10461
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Bronx County, NY
Website URL
irua.org/ 
Phone
(718) 892-0228
IRS details
EIN
42-1192330
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1986
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S40: Business and Industry
NAICS code, primary
813920: Professional Associations
Parent/child status
Independent
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