INLAND MARINE UNDERWRITERS ASSOCIATION
14 WALL STREET NO 820, NEW YORK, NY 10005 www.imua.org

Total Revenue
$1,153,765
Total Expenses
$1,127,221
Net Assets
$1,013,128

Organizations Filed Purposes: IMUA ACTS THROUGH A NUMBER OF REGIONAL AND TECHNICAL COMMITTEES TO STIMULATE THE TRANSFER OF INFORMATION/KNOWLEDGE, AND PROVIDE A FORUM FOR THE DEBATE OF ISSUES WHICH AFFECT INLAND MARINE INSURANCE. IMUA'S MAJOR ACTIVITIES INVOLVE PUBLISHING A VARIETY OF TOPICAL REPORTS AND NEWSROOM ARTICLES IN AREAS OF INTEREST TO MEMBER COMPANIES AND OTHER INTERESTED ORGANIZATIONS AND INDIVIDUALS; KEEPING MEMBERS UP-TO-DATE ON ECONOMIC, TECHNICAL AND TECHNOLOGICAL DEVELOPMENTS IN THE MANY INLAND MARINE LINES OF BUSINESS; MONITORING BOTH FEDERAL AND STATE REGULATIONS, LEGISLATIVE ISSUES AND JUDICIAL TRENDS AND DEVELOPMENTS AFFECTING INLAND MARINE INSURERS, AND ADVOCATE WHEN APPROPRIATE POSITIONS ON BEHALF OF MEMBER COMPANIES IN THE INDUSTRY'S BEST INTEREST; EXAMINING RISK REDUCTION AND LOSS CONTROL; AND ANALYZING AND REPORTING ON LOSS TRENDS.

IMUA SERVES AS THE COLLECTIVE VOICE OF THE U.S. INLAND MARINE INSURANCE INDUSTRY.

THE ANNUAL MEETING - IN THE SECOND QUARTER OF EACH CALENDAR YEAR, USUALLY APRIL OR MAY, IMUA HOLDS ITS PREMIER EDUCATION EVENT AT AN OFF-SITE HOTEL OR RESORT-STYLE PROPERTY IN THE U.S. THE EVENT RUNS FROM SUNDAY THROUGH TUESDAY AND INCLUDES A BOARD MEETING; AN OPENING RECEPTION AND DINNER FOR MEMBER NETWORKING; OPEN FORUM BUSINESS MEETING; SIX EDUCATION SESSIONS ON TOPICAL ISSUES, EACH LASTING FROM 1 TO 3 HOURS, OFTEN WITH CONTINUING EDUCATION CREDITS FROM ONE OR MORE STATE INSURANCE DEPARTMENTS; SOME RECREATION EVENTS; A MINI-TRADE SHOW ON BOTH MONDAY & TUESDAY; AND A CLOSING RECEPTION/BANQUET. THE 2019 ANNUAL MEETING WAS HELD IN LEESBURG, VA AND HAD 315 PARTICIPANTS. THE FORMAT WAS THE SAME AS REFERENCED ABOVE.

REGIONAL SEMINARS - IMUA HAS 10 REGIONAL ADVISORY COMMITTEES LOCATED IN TORONTO, NEW YORK, ATLANTA, COLUMBUS, CHICAGO, DALLAS, BOSTON, CHARLOTTE, LOS ANGELES AND SAN FRANCISCO. AT VARIOUS TIMES THROUGHOUT THE CALENDAR YEAR, THESE VOLUNTEER-BASED COMMITTEES EACH HOLD ONE OR MORE BREAKFAST/LUNCH-N-LEARN/HALF-DAY/FULL DAY LIVE EDUCATIONAL SEMINARS, ALL WITH STATE INSURANCE DEPARTMENT CONTINUING EDUCATION CREDITS, ON A MYRIAD OF INSURANCE TOPICS GERMANE TO THE PARTICULAR GEOGRAPHIC AREA. IN 2019, THE REGIONAL GROUPS SPONSORED 13 EDUCATION EVENTS ATTRACTING 550 PARTICIPANTS.

WEB SEMINARS - ABOUT 12 TIMES A CALENDAR YEAR, A VOLUNTEER-BASED WEB SEMINAR COMMITTEE AND/OR TECHNICAL COMMITTEES ARRANGE FOR A WEB SEMINAR, TYPICALLY 1 HOUR IN DURATION FROM 2:00PM 3:00PM ET WHERE GEOGRAPHICALLY REMOTE SITES ACROSS THE U.S., AND SOMETIMES INTERNATIONALLY, CAN LOG INTO THE AUDIO/VISUAL PRESENTATION ON A TOPICAL ISSUE USUALLY PRESENTED BY A NON-INSURANCE EXPERT, E.G. HURRICANES AND THE IMPACT ON LEVEES. MULTIPLE ATTENDEES ARE TRADITIONALLY AT EACH SITE, AND MEMBER COMPANIES FIND THIS IS A COST EFFECTIVE AND EFFICIENT WAY TO PROVIDE EDUCATION AND TECHNICAL INFORMATION TO THEIR EMPLOYEES. IN 2019 IMUA PRESENTED 11 EDUCATIONAL WEBINARS WITH EACH SESSION ATTRACTING AN AVERAGE OF 300 VIEWERS WITH A DURATION OF 60 TO 75 MINUTES.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Kevin O'BrienPRESIDENT/CEO40$250,555
Lillian ColsonVICE PRESIDENT/SECRETARY40$138,764
Jeff VetterDIRECTOR1$0
Ben TuttleDIRECTOR1$0
Richard SojaDIRECTOR1$0
Robert SmithDIRECTOR1$0
Ben SkurekDIRECTOR1$0
Michelle SippleDIRECTOR1$0
Arthur SiederDIRECTOR1$0
Randy SchlosserDIRECTOR1$0
William RosaDIRECTOR THRU MAY 20191$0
Donna RestainoDIRECTOR1$0
Mike PerrottiDIRECTOR1$0
Paul OrsiDIRECTOR1$0
Donald KeahonDIRECTOR1$0
Michelle HoehnDIRECTOR1$0
Nelson HernandezDIRECTOR1$0
Anthony FrancoDIRECTOR THRU SEP. 20191$0
Bradley CameronDIRECTOR1$0
Drew CadelliDIRECTOR1$0
Anthony FalconeVICE CHAIR FROM JAN. 20191.5$0
Jessica FrankovichDEPUTY CHAIR FROM JAN. 20191.5$0
Richard PyeCHAIR THRU JAN. 20191.5$0
Bruce S JervisCHAIR FROM JAN. 20191.5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202003009349301165_public.xml