Risk And Insurance Management Society Inc

Organization Overview

Risk And Insurance Management Society Inc, operating under the name Rims, is located in New York, NY. The organization was established in 1960. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Rims employed 52 individuals. This organization is the central organization for a national or regional group of organizations. Rims is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Rims generated $12.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $13.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO EDUCATE, ENGAGE AND ADVOCATE FOR THE GLOBAL RISK COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONFERENCE - THIS DEPARTMENT IS RESPONSIBLE FOR THE PLANNING AND PRODUCTION OF RIMS ANNUAL CONFERENCE & EXHIBITION, RIMS ERM CONFERENCE, RIMS RISK SUMMITS AND RIMS RISK FORUMS. RIMS ANNUAL CONFERENCE & EXHIBITION IS THE DEFINITIVE EVENT FOR RISK PROFESSIONALS, ATTRACTING APPROXIMATELY 10,000 RISK PROFESSIONALS (MEMBERS, NON-MEMBERS AND EXHIBITORS) WORLDWIDE. THIS PRESTIGIOUS EVENT OFFERS ITS ATTENDEES THE WIDEST RANGE OF EDUCATIONAL PROGRAMS, NETWORKING OPPORTUNITIES AND COMMUNICATIONS OF SIGNIFICANT HAPPENINGS THAT IMPACT RISK MANAGEMENT.


PUBLICATIONS - RISK MANAGEMENT MAGAZINE IS RIMS' FLAGSHIP PUBLICATION. IT IS PRODUCED SIX TIMES PER YEAR AND INCLUDES ARTICLES OF INTEREST TO PROFESSIONALS RESPONSIBLE FOR RISK AND INSURANCE MANAGEMENT IN BUSINESS AND INDUSTRIAL FIRMS, PUBLIC ADMINISTRATION AND GOVERNMENT, INSURANCE COMPANIES, AGENTS AND BROKERS, BUSINESS SERVICES AND OTHERS ALLIED TO THE FIELD. BY PROVIDING IN-DEPTH ANALYSIS OF THE WORLD OF RISK, RISK MANAGEMENT MAGAZINE IS A VITAL SOURCE OF PERTINENT INFORMATION FOR BUSINESS. THE MAGAZINE IS SUPPORTED BY ITS OFFICIAL BLOG, THE RISK MANAGEMENT MONITOR, WHICH OFFERS DAILY COVERAGE AND ANALYSIS OF THE LATEST RISK-RELATED NEWS AND ISSUES. RISK-WIRE, DISTRIBUTED TWICE PER WEEK, IS AN EXCLUSIVE NEWS SERVICE FOR RIMS MEMBERS THAT PROVIDES AN EXECUTIVE SUMMARY AND LINKS TO THE MOST IMPORTANT RISK MANAGEMENT STORIES OF THE DAY. ADDITIONAL ONLINE RESOURCES THAT PROVIDE TODAY'S RISK PROFESSIONALS WITH KNOWLEDGE, TOOLS AND RESOURCES THEY NEED TO BE SUCCESSFUL INCLUDE THE STRATEGIC & ENTERPRISE RISK CENTER, THE INTERNATIONAL CENTER FOR RISK MANAGEMENT AND RISK KNOWLEDGE. THESE ARE AVAILABLE TO BOTH MEMBERS AND THE GENERAL PUBLIC.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Freeman
Conference Logistics/management
$480,115
Higher Logic
System Provider
$123,728
Safeguard Global
Global Employment Organization
$117,046
Denise Cahill
Instructional Design-education Materials
$137,006
Mcintyre & Lemon Pllc
Advocacy - Research, Legislative
$136,172
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$42,590
Government grants $2,398,850
All other contributions, gifts, grants, and similar amounts not included above$100,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,541,440
Total Program Service Revenue$8,606,884
Investment income $158,068
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $876,461
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,268,578

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Risk And Insurance Management Society Inc has recieved totaling $57,547.

Awarding OrganizationAmount
Spencer Educational Foundation Inc

New York, NY

PURPOSE: GENERAL GRANT

$57,547
View Grant Recipient Profile

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