Professional Liability Underwriting Society

Organization Overview

Professional Liability Underwriting Society is located in Minneapolis, MN. The organization was established in 1993. 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, Professional Liability Underwriting Society employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Liability Underwriting Society 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, Professional Liability Underwriting Society generated $4.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 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 BE THE GLOBAL COMMUNITY FOR THE PROFESSIONAL LIABILITY INSURANCE INDUSTRY

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2021, PLUS HELD ONE NATIONAL IN-PERSON EVENT AND FIVE NATIONAL VIRTUAL EVENTS TO ENHANCE THE PROFESSIONALISM OF ITS MEMBERS. IN TOTAL PLUS HOSTED APPROXIMATELY 1,928 ATTENDEES AT NATIONAL EVENTS. IN ADDITION, CLOSE TO 2000 PEOPLE ATTENDED VIRTUAL AND IN-PERSON REGIONAL AND LOCAL CHAPTER EVENTS THROUGH PLUS 13 REGIONAL CHAPTERS AND MORE THAN 3,500 ATTENDEES PARTICIPATED IN VIRTUAL WEBINAR BASED PROGRAMS. PARTICIPANTS IN ALL EVENTS TOOK PART IN EDUCATIONAL, NETWORKING, AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES.


AS A MEMBERSHIP ORGANIZATION, PLUS PROVIDES RESOURCES, PROGRAMMING, AND INFORMATION TO ASSIST ITS MEMBERS AND ENABLE THEM TO BEST SERVE THEIR CLIENTS AND EDUCATE THE PUBLIC REGARDING PROFESSIONAL LIABILITY. IN 2021 PLUS HAD APPROXIMATELY 6000 INDIVIDUAL MEMBERS AND 120 CORPORATE MEMBERS.


PLUS PROVIDES A COMPREHENSIVE EDUCATIONAL CURRICULUM FOR THE PROFESSIONAL LIABILITY INDUSTRY, INCLUDING RPLU, RPLU+ AND CPLP CERTIFICATION PROGRAMS, WHICH CERTIFIED 304, 44 AND 107 INDIVIDUALS, RESPECTIVELY, IN 2021 AND HAS OVER 3900 INDIVIDUALS WHO HAVE RECEIVED DESIGNATIONS SINCE INCEPTION.THROUGH THE 13 REGIONAL PLUS CHAPTERS, EDUCATION AND PROGRAMMING ARE PROVIDED TO MEMBERS AT A LOCAL LEVEL.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hilton Anatole Hotel
Event Services
$289,846
Kinsley & Associates Llc
Event Planning
$113,524
Venable Llp
Legal Services
$111,129
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $276,341
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$276,341
Total Program Service Revenue$4,060,383
Investment income $84,876
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $104,622
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,853,702

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Professional Liability Underwriting Society has recieved totaling $555.

Awarding OrganizationAmount
Llandaff Fam Trua 060800

Easton, MD

PURPOSE: OPERATIONS

$555
View Grant Recipient Profile

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