Million Dollar Round Table

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

EIN: 362138427 ✦ Park ridge, IL ✦ Designated as a 501(c)(6)

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 not tax deductible.

Here 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 1,944 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):

    Stephen Stahr (Ceo)
  • Compensation: $931,119
  • Related: $0
  • Other: $224,711

    • Pam Brown (Director Of Leadership And Guided Development)
  • Compensation: $240,540
  • Related: $0
  • Other: $94,409

    • Jim Unander (Senior Director, It)
  • Compensation: $233,884
  • Related: $0
  • Other: $92,626

    • Laura Good (Senior Director, Hr)
  • Compensation: $238,755
  • Related: $0
  • Other: $84,057

    • Barbara O'Connor (Managing Director)
  • Compensation: $280,413
  • Related: $0
  • Other: $36,796

    • Smruti Rajagopalan (Senior Director, Strategy)
  • Compensation: $245,674
  • Related: $0
  • Other: $20,934

    • Mark Leon (Senior Director, Finance)
  • Compensation: $116,780
  • Related: $0
  • Other: $13,101

    • Peggy Tsai (President) [Trustee/Director]
  • Compensation: $52,680
  • Related: $0
  • Other: $0

    • Randy Scritchfield (Past President) [Trustee/Director]
  • Compensation: $49,980
  • Related: $0
  • Other: $0

    • Greg Gagne (1St Vice President) [Trustee/Director]
  • Compensation: $47,280
  • Related: $0
  • Other: $0

    • Carol Kheng (2Nd Vice President) [Trustee/Director]
  • Compensation: $44,580
  • Related: $0
  • Other: $0

    • Ian Green (Past President) [Trustee/Director]
  • Compensation: $29,720
  • Related: $0
  • Other: $0

    • John Nichols (Secretary) [Trustee/Director]
  • Compensation: $14,860
  • Related: $0
  • Other: $0


  • Official website here: www.mdrt.org

    Where can I find the form 990 for Million Dollar Round Table?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Million Dollar Round Table's impact is significant in the realm of insurance and investment financial services. It serves as a valued member-driven global network of leading professionals dedicated to exemplary performance, ethics, knowledge, service, and productivity. Through its educational and motivational meetings, MDRT contributes to the growth and development of insurance and financial services professionals worldwide. With over 10,000 attendees at its events in 2022, MDRT plays a crucial role in fostering excellence within the industry and promoting high standards of service.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Stephen P Stahr

    Main Address

    325 WEST TOUHY AVENUE, PARK RIDGE, IL, 60068

    NTEE Category

    Code: S40 - Community improvement

    If you are a representative of Million Dollar Round Table and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.