Independent Order of Foresters
Toronto, None · EIN 98-0000680 · Rank 823 by total revenue
Foresters is a fraternal benefit society that provides financial services products and unique benefits to its members and their families. Through its member-governed Branch network, Foresters members are provided opportunities to organize and participate in local volunteer activities and family-focused events. Within this model of community service, Foresters lives its purpose of enhancing the well-being of its members, their families and their local communities.
Money, Form 990 for tax year 2024
- Total revenue
- $835,751,204
- Total expenses
- $762,172,580
- Total assets
- $5,193,474,694
- Salary base (all salaries and wages)
- $73,044,449
- Salaries, other pay and benefits
- $89,622,955
- Employees
- 85
- Salary base per employee
- $859,346
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (45)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Matthew Berman | President and Chief Executive Officer | Officer | 50 | $1,029,578 |
| Rene Zanin | Chief Legal, Administrative & Membership Officer | Officer | 50 | $829,308 |
| Alvin Sharma | Global Chief Financial Officer | Officer | 50 | $777,677 |
| Mehul Kapadia | Global Chief Information and Operations Officer | Officer | 50 | $697,502 |
| Clark Wagner | Chief Investment Officer | Officer | 50 | $412,500 |
| Trudy Engel | Vice President and Appointed Actuary | Officer | 50 | $366,563 |
| Patricia Colavita | SVP and Chief Internal Auditor | Officer | 50 | $351,895 |
| Caroline Rendall | Chief Risk Officer | Officer | 50 | $342,280 |
| Terence Chan | Vice President, Finance | Officer | 50 | $242,567 |
| Ian Collins | Chief Compliance & Privacy Officer and Associate General Counsel | Officer | 50 | $227,043 |
| Valerie Howes | Chief AML Officer, Special Investigations & Consumer Complaints | Officer | 50 | $161,852 |
| Mark Rush | Chief Distribution Officer, US Sales | Key employee | 50 | $511,780 |
| Parker Brown | General Counsel & Vice President, Data Governance | Key employee | 50 | $356,401 |
| Sujeether Kumareswaran | Vice President, Capital, Business Planning and Strategy | Key employee | 50 | $347,757 |
| Cindy Wang | Interim Executive Head, Can Op | Key employee | 50 | $307,549 |
| Kelly Steinmetz | AVP, US Sales | Key employee | 50 | $289,878 |
| Meghan Seybold | VP, People & Culture | Key employee | 50 | $284,890 |
| Charles Morrison | AVP, US Sales | Key employee | 50 | $284,294 |
| Bruce Burak | AVP, US Sales | Key employee | 50 | $276,833 |
| Douglas Parrott | Assistant Vice President, Chief Underwriter-North America | Key employee | 50 | $272,815 |
| Julia Fantilli | VP, US Customer service and New Business | Key employee | 50 | $267,687 |
| Balina Bawa | Vice President, Global Tax Compliance and Planning | Key employee | 50 | $266,474 |
| David Sullivan | AVP, Claims, Compensation and Contracting | Key employee | 50 | $251,601 |
| Jeremy Wing | Vice President, Pricing and Advanced Analytics | Key employee | 50 | $222,625 |
| JS Ledoux | Assistant Vice President, Product Management | Key employee | 50 | $219,466 |
| Nagesh Chawla | Vice President, Enterprise Technology and Cybersecurity | Key employee | 50 | $207,635 |
| Gerry Salvatore | Assistant Vice President, Sales Operations & Business Development | Key employee | 50 | $195,727 |
| Wendy Mao | Assistant Vice President, US Reporting | Key employee | 50 | $181,795 |
| Vivian Yip | Assistant Vice President, Financial Risk Management | Key employee | 50 | $179,852 |
| Kelly Shum | AVP, Financial Management Operations | Key employee | 50 | $176,016 |
| Kris Sarkissian | AVP, IT Operations | Key employee | 50 | $175,201 |
| Daniel Fortin | Director | Board | 5 | $307,777 |
| Richard Hennick | Director | Board | 5 | $215,000 |
| Linda Watters | Director | Board | 5 | $184,400 |
| Katherine Bardswick | Director | Board | 5 | $155,273 |
| Sonia Baxendale | Director | Board | 5 | $155,261 |
| Janice Madon | Director | Board | 5 | $153,293 |
| Gino Scapillati | Director | Board | 5 | $143,359 |
| Wendy Watson | Director | Board | 5 | $136,400 |
| Cindy Worley | Director | Board | 5 | $136,400 |
| Michael Edge | Director | Board | 50 | $136,400 |
| Michael Lombardi | Director | Board | 5 | $135,416 |
| Michael Stramaglia | Director | Board | 5 | $135,416 |
| Shelly Herman | Director | Board | 5 | $126,400 |
| Robert Wight | Director | Board | 5 | $125,493 |
Top 10 paid people listed
These 10 people received $5,680,961, which is 7.8% of the $73,044,449 salary base shared by 85 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Matthew Berman | President and Chief Executive Officer | Officer | 50 | $1,029,578 | $0 | $0 | $1,029,578 |
| Rene Zanin | Chief Legal, Administrative & Membership Officer | Officer | 50 | $829,308 | $0 | $0 | $829,308 |
| Alvin Sharma | Global Chief Financial Officer | Officer | 50 | $777,677 | $0 | $0 | $777,677 |
| Mehul Kapadia | Global Chief Information and Operations Officer | Officer | 50 | $697,502 | $0 | $0 | $697,502 |
| Mark Rush | Chief Distribution Officer, US Sales | Key employee | 50 | $511,780 | $0 | $0 | $511,780 |
| Clark Wagner | Chief Investment Officer | Officer | 50 | $412,500 | $0 | $0 | $412,500 |
| Trudy Engel | Vice President and Appointed Actuary | Officer | 50 | $366,563 | $0 | $0 | $366,563 |
| Parker Brown | General Counsel & Vice President, Data Governance | Key employee | 50 | $356,401 | $0 | $0 | $356,401 |
| Patricia Colavita | SVP and Chief Internal Auditor | Officer | 50 | $351,895 | $0 | $0 | $351,895 |
| Sujeether Kumareswaran | Vice President, Capital, Business Planning and Strategy | Key employee | 50 | $347,757 | $0 | $0 | $347,757 |
Sources
- IRS e-file return 202533079349302898 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 98-0000680
- Organization website (as filed): www.foresters.com