FORM 990, PART VI, SECTION A, LINE 6 |
THE ORGANIZATION HAS MEMBERS |
FORM 990, PART VI, SECTION A, LINE 7A |
THERE IS AN ANNUAL MEMBERSHIP MEETING WHERE OFFICERS ARE ELECTED BY POPULAR VOTE |
FORM 990, PART VI, SECTION B, LINE 11 |
SUBSEQUENT TO THE 12/31/13 TAX YEAR END, WCIRB'S GOVERNING BOARD DESIGNATED A SUB-COMMITTEE (THE AUDIT COMMITTEE) TO REVIEW THE PROPRIETY OF THE 2013 TAX RETURN FOR THE ORGANIZATION. |
FORM 990, PART VI, SECTION B, LINE 15 |
THE BUDGET AND COMPENSATION SUBCOMMITTEE REVIEWS THE SALARY SCHEDULE FOR ALL EXECUTIVE OFFICER POSITIONS ANNUALLY. AS NEEDED, STAFF WILL PROVIDE COMMERCIALLY AVAILABLE SALARY INFORMATION TO THE SUBCOMMITTEE AND MAY OBTAIN ADDITIONAL SALARY INFORMATION FROM OTHER RATING BUREAUS. PERIODICALLY, THE GOVERNING COMMITTEE AND OR BUDGET AND COMPENSATION SUBCOMMITTEE WILL COMMISSION A CUSTOM STUDY OF EXECUTIVE SALARIES. THE LAST SUCH STUDY WAS CONDUCTED BY AN INDEPENDENT CONSULTING FIRM IN 2005. THE GOVERNING COMMITTEE ADOPTED THE SALARY MATRIX AND EXECUTIVE OFFICER SALARY SCHEDULE RECOMMENDED BY INDEPENDENT CONSULTING FIRM ON DECEMBER 8, 2005. SINCE THEN, THE EXECUTIVE OFFICER SALARY SCHEDULE HAS BEEN ADJUSTED ON AN ANNUAL BASIS BY THE SAME PERCENTAGE AMOUNT AS THE SALARY SCHEDULE THAT APPLIES TO ALL OTHER POSITIONS. THE SUBCOMMITTEE REVIEWS THE MERIT MATRIX ANNUALLY.THE SUBCOMMITTEE ALSO REVIEWS THE INDIVIDUAL SALARIES AND PERFORMANCE OF THE PRESIDENT AND SENIOR VICE PRESIDENTS ANNUALLY AND MAKES ITS RECOMMENDATIONS TO THE GOVERNING COMMITTEE. SENIOR MANAGER PERFORMANCE EVALUATIONS ARE SUBJECT TO PROCEDURES ADOPTED BY THE GOVERNING COMMITTEE ON MARCH 26, 2008. THESE PROCEDURES ARE DOCUMENTED IN THE BUDGET AND COMPENSATION SUBCOMMITTEE MEETING MATERIALS AND MINUTES. MERIT INCREASES ARE SUBJECT TO THE ADOPTED MERIT MATRIX. |
FORM 990, PART VI, SECTION C, LINE 19 |
ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. |
FORM 990, PART IX, LINE 11G |
CONSULTING 7,545,924. |
FORM 990, PART XI, LINE 9: |
REFUNDS TO MEMBERS -1,182,075. INCOME FROM COMP DATA EXCHANGE -3,567. |
FORM 990, PART XI, LINE 1 |
THE ORGANIZATIONS FINANCIAL STATEMENTS ARE PREPARED ON A MODIFIED CASH BASIS. |
FORM 990, PART XI, LINE 2C |
THE CONTROLLER AND THE SENIOR VICE PRESIDENT ASSUME RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE GOVERNING COMMITTEE AT REGULAR MEETING. |