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Professional Risk Managers' International Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 611405040 ✦ Northfield, MN ✦ Designated as a 501(c)(6)

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Overview

What is Professional Risk Managers' International Association?

Professional Risk Managers' International Association, based in Northfield, Minnesota, is a nonprofit organization dedicated to promoting sound risk management standards and practices globally. They offer risk education to professionals through various platforms such as online courses, live classroom training, webinars, and customized in-house corporate training. With a team of 14 individuals, PRMIA serves as a hub for professionals seeking to enhance their understanding of risk management, fostering a global community that values and upholds these standards.


Official website here: www.prmia.org

Is Professional Risk Managers' International Association legitimate?

Professional Risk Managers' International Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Professional Risk Managers' International Association 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: $272,627
Professional Fundraising Fees: $0
Other Salaries and Wages: $535,061

For more financial information, click here


Official website here: www.prmia.org

What is the mission statement of Professional Risk Managers' International Association?

The Professional Risk Managers' International Association (PRMIA) aims to serve as a platform, fostering the promotion of robust risk management standards and practices on a global scale. To achieve this, PRMIA provides an open forum for professionals worldwide, offering risk education through various means such as online courses, live classroom training, webinars, and customized in-house corporate training. This collective endeavor aims to elevate the understanding and implementation of sound risk management practices on a global scale.


Official website here: www.prmia.org

Who is the CEO of Professional Risk Managers' International Association?

Justin Mccarthy is the CEO of Professional Risk Managers' International Association The CEO's salary of Professional Risk Managers' International Association is $194,627 and their total compensation is $194,627.


Official website here: www.prmia.org

What is the revenue of Professional Risk Managers' International Association?

Professional Risk Managers' International Association's revenue in 2024 was $1,418,484.


Official website here: www.prmia.org

Who are the executives of Professional Risk Managers' International Association and what are their salaries?

The average compensation at Professional Risk Managers' International Association during 2024 was $73,426. There are 11 employees and 445 volunteers at Professional Risk Managers' International Association.

Here are 11 key members and their salaries (Professional Risk Managers' International Association's CEO's salary is $194,627 and their total compensation is $194,627):


Justin Mccarthy (Ceo)
  • Compensation: $194,627
  • Related: $0
  • Other: $0
Lakshmi Shyam-Sunder (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sajjad Ahmed Cheema (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Oleg Lebedev (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kraig Thomas Conrad (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Oscar D Mccarthy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josephine Wai Fun Woo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Coleman (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Fletcher (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carlos Da Costa (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christina Severson (Finance Director)
  • Compensation: $78,000
  • Related: $0
  • Other: $0


Official website here: www.prmia.org

Where can I find the form 990 for Professional Risk Managers' International Association?

Professional Risk Managers' International Association's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.prmia.org

Learn more at the official website: www.prmia.org

Mission Statement of Professional Risk Managers' International Association

The Professional Risk Managers' International Association (PRMIA) is committed to serving as a platform for fostering the advancement of robust risk management standards and practices on a global scale. In essence, its mission is to facilitate an open forum where professionals can engage in the exchange of ideas and best practices, ultimately promoting the sound application of risk management principles worldwide.

To achieve this goal, PRMIA provides various educational opportunities to risk management professionals. These include online courses, live classroom training sessions, webinars, and customized in-house corporate training programs. By offering these resources, PRMIA empowers individuals to enhance their risk management skills, thereby contributing to the overall improvement of risk management standards and practices around the world.

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Impact




October, 2024

The Professional Risk Managers' International Association (PRMIA) plays a significant role in advancing risk management standards and practices worldwide. By providing an open forum for dialogue and education, PRMIA fosters a global community of risk management professionals dedicated to enhancing their skills and knowledge.

Through a wide array of offerings, including online courses, live classroom training, webinars, and customized in-house corporate training, PRMIA equips professionals with essential tools and insights needed to navigate the complexities of risk management. This commitment to risk education not only strengthens individual practitioners but also elevates the overall standards of the field, promoting sound practices that are critical for the stability and resilience of organizations across industries.

As a catalyst for improvement within the risk management profession, PRMIA actively contributes to the development of a knowledgeable community that prioritizes effective risk strategies, thereby enhancing organizational performance and fostering greater accountability and transparency in risk-related decision-making.




This information is meant to be a general summary of Professional Risk Managers' International Association. 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.

Revenue
$1,418,484 (2024)
Expenses
$1,559,511 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $23,646
  • Program Service Revenue: $1,392,193
  • Gross Receipts: $1,418,484

Assets and Liabilities:

  • Total Assets: $217,331
  • Total Liabilities: $987,736
  • Net Assets: -$770,405

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EXAM FEES

Revenue

$448,406

TRAINING

Revenue

$405,700

MEMBERSHIP DUES

Revenue

$302,475

WEBINARS

Revenue

$146,160

CHAPTER EVENTS

Revenue

$63,992

Organization Details

Founding Year

2002

Principal Officer

Christina Severson

NTEE Category

Code: S41 - Community improvement

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