Overview
What is Million Dollar Round Table?
The Million Dollar Round Table (MDRT) is a global network and community for leading insurance and investment financial services professionals. Based in Park Ridge, Illinois, this nonprofit organization facilitates on-site events with educational and motivational content to enhance the careers of its members. During 2022, MDRT resumed in-person events, attended by over 10,000 professionals. MDRT's mission is to uphold the highest standards of ethics, knowledge, service, and productivity, providing exemplary performance for their clients. With a team of 141 employees, MDRT fosters a valuable network that empowers its members to excel in their respective fields.
Official website here: www.mdrt.org
Is Million Dollar Round Table legitimate?
Million Dollar Round Table is a legitimate nonprofit organization registered as a 501(c)(6) entity. Million Dollar Round Table submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,524,811
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,573,557
For more financial information, click here
Official website here: www.mdrt.org
What is the mission statement of Million Dollar Round Table?
The Million Dollar Round Table (MDRT) is a global network of leading insurance and investment financial service professionals committed to delivering exceptional service to their clients. Their mission is to bring together members who uphold the highest ethical standards, knowledge, service, and productivity in their respective fields. MDRT facilitates this through educational and motivational meetings designed to boost the careers of insurance and financial services professionals. In 2022, MDRT resumed in-person events, attended by over 10,000 professionals, marking a continuation of their efforts to empower members and enhance their expertise.
Official website here: www.mdrt.org
Who is the CEO of Million Dollar Round Table?
Stephen P Stahr is the Past President of Million Dollar Round Table. The CEO's salary of Million Dollar Round Table is $931,119 and their total compensation is $1,155,830.
Official website here: www.mdrt.org
What is the revenue of Million Dollar Round Table?
Million Dollar Round Table's revenue in 2022 was $61,600,919.
Official website here: www.mdrt.org
Who are the executives of Million Dollar Round Table and what are their salaries?
The average compensation at Million Dollar Round Table during 2022 was $92,896. There are 141 employees and 1944 volunteers at Million Dollar Round Table.
Here are 13 key members and their salaries (Million Dollar Round Table's CEO's salary is $931,119 and their total compensation is $1,155,830):
- Compensation: $29,720
- Related: $0
- Other: $0
- Compensation: $49,980
- Related: $0
- Other: $0
- Compensation: $52,680
- Related: $0
- Other: $0
- Compensation: $47,280
- Related: $0
- Other: $0
- Compensation: $44,580
- Related: $0
- Other: $0
- Compensation: $14,860
- Related: $0
- Other: $0
- Compensation: $931,119
- Related: $0
- Other: $224,711
- Compensation: $116,780
- Related: $0
- Other: $13,101
- Compensation: $280,413
- Related: $0
- Other: $36,796
- Compensation: $245,674
- Related: $0
- Other: $20,934
- Compensation: $240,540
- Related: $0
- Other: $94,409
- Compensation: $238,755
- Related: $0
- Other: $84,057
- Compensation: $233,884
- Related: $0
- Other: $92,626
Official website here: www.mdrt.org
Where can I find the form 990 for Million Dollar Round Table?
Million Dollar Round Table's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mdrt.org
Learn more at the official website: www.mdrt.org
Mission Statement of Million Dollar Round Table
Million Dollar Round Table (MDRT), a renowned global network, is driven by its members to bring together leading insurance and investment financial service professionals. This esteemed organization's mission is threefold: to serve clients with exemplary performance, uphold the highest ethical standards, and demonstrate expertise, knowledge, and productivity.
In fulfilling this mission, MDRT hosts events brimming with educational and motivational content tailored to the careers of insurance and financial services professionals. The organization's meetings are a hub for industry experts, offering an invaluable platform for continuous learning and growth. During the year 2022, MDRT welcomed over ten thousand insurance and financial services professionals to these on-site events, which resumed following a hiatus due to the pandemic. These gatherings provided valuable opportunities for professionals to engage, learn, and network, reinvigorating their commitment to serving their clients with distinction.
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Impact
October, 2024
The Million Dollar Round Table (MDRT) significantly influences the insurance and financial services industry by serving as a premier global network for professionals within this sector. Its mission emphasizes exemplary performance, high ethical standards, and a commitment to knowledge and service, which fosters trust among clients and enhances the overall integrity of the profession.
MDRT enhances the careers of its members through educational and motivational events, providing robust programming that equips professionals with the tools necessary for success. The return of on-site events in 2022 allowed over 10,000 industry professionals to engage directly, share insights, and collaborate, thereby strengthening their networks and reinforcing best practices.
By emphasizing continuous learning and professional development, MDRT cultivates a community that not only pursues individual excellence but also collectively aims to raise the standards of client service across the industry. This impact resonates through improved client relationships and enhanced reputations for its members, ultimately contributing to the betterment of the financial services landscape.
This information is meant to be a general summary of Million Dollar Round Table. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$29,864
- Program Service Revenue: $60,993,536
- Gross Receipts: $101,847,383
Assets and Liabilities:
- Total Assets: $137,371,099
- Total Liabilities: $17,879,652
- Net Assets: $119,491,447
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP INCOME
Revenue
$49,532,821
MEETINGS INCOME
Revenue
$11,460,715
Organization Details
Founding Year
1969
Phone
(847) 692-6378Principal Officer
Stephen P Stahr
Main Address
325 WEST TOUHY AVENUE, PARK RIDGE, IL, 60068
Website
www.mdrt.orgNTEE Category
Code: S40 - Community improvement
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