2024-04-22T09:42:40-05:00 2023-12-31 591687531 PDR CPAS Advisors 4023 Tampa Road Suite 2000 Oldsmar FL 34677 990 2023-01-01 232049143 Insurance Institute for Business & Home Safety INSU 8037233600 5335 Richburg Road Richburg SC 29729 Roy Wright President / CEO 8037233600 2024-04-19 1 Roy Wright 999009999 1 Mary Brown P01892845 7277854447 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z Roy Wright 5335 Richburg Road Richburg SC 29729 43357484 0 X www.disastersafety.org X 1977 IL IBHS conducts research to help protect homes and businesses against various causes of loss. 29 28 98 0 0 0 23095439 22543128 659885 1039294 103054 631747 13004 10531 23871382 24224700 0 0 0 0 11075092 12534575 0 0 0 6998589 7655630 18073681 20190205 5797701 4034495 48227581 52558596 3279951 3097067 44947630 49461529 X The Insurance Institute for Business & Home Safety's mission is to conduct objective, scientific research to identify, evaluate and promote effective actions that strengthen homes, businesses and communities against natural hazards and other causes of loss. 0 0 8598647 120504 Research Center Projects: At the world-class Insurance Institute for Business & Home Safety (IBHS) Research Center in South Carolina, researchers study the impact of the natural perils of wind, wind-driven rain, hail and wildire on both residential and commercial structures. Using transparent, objective research and methodologies, the multi-faceted research approach includes full-scale testing of one- and two-story test specimens; physical testing of individual structural components and building systems; and evaluation of existing/potential test methods and metrics. 2504487 827005 FORTIFIED Programs: IBHS has developed and operationalized FORTIFIED, a voluntary construction and re-roofing Program designed to strengthen single family homes, multifamily buildings, and commercial structures against specific types of severe weather such as high winds, hail, hurricanes and even tornados. Total expense for this work in 2023 was confined to the IBHS annual budget in the form of personnel, IT, and travel costs. 3278808 Communications & Product Design: IBHS has robust communications capabilities that build upon and amplify the impact of our research capabilities. By translating technical research findings into guidance for homeowners and businesses and using a growing range of communications channels to reach a wide audience we seek to motivate action by educating stakeholders about practical and cost-effective ways to increase the resilience of both residential and commercial structures. Each year, IBHScreates a substantial amount of original data and related content. This information is communicated to the public directly and through IBHS member companies, via the IBHS website and utilizing both digital and traditional media. Costs associated with this work all fall within the IBHS annual budget's personnel, printing, graphics, and IT expense items. No revenue is generated by this work. 91785 91785 14381942 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 31 0 1 98 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 29 28 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X Pam Levenstone 8134614949 4775 E FOWLER AVE TAMPA FL 33617 Randall Poole Director - Chair 4.00 X X 0 0 0 Ryan Vigus Director - Vice Chair 4.00 X X 0 0 0 General Bill Cooney Chairman Emeritus 2.00 X 0 0 0 Allen Anderson Director 2.00 X 0 0 0 Gavin Blair Director 2.00 X 0 0 0 Patrick Causgrove Director 2.00 X 0 0 0 Rockne Corbin Director 2.00 X 0 0 0 David Elkins Director 2.00 X 0 0 0 Nicole Forziati Director 2.00 X 0 0 0 Gina Hardy Director 2.00 X 0 0 0 J Smith Smitty Harrison Jr Director 2.00 X 0 0 0 Chris Karacalidis Director 2.00 X 0 0 0 Brad Lemons Director 2.00 X 0 0 0 Andrea Lindemeyer Director 2.00 X 0 0 0 Patrick McCrink Director 2.00 X 0 0 0 Eric Nelson Director 2.00 X 0 0 0 Mohit Pande Director 2.00 X 0 0 0 Greg Pannhausen Director 2.00 X 0 0 0 Jennifer Pintacuda Director 2.00 X 0 0 0 Ben Potter Director 2.00 X 0 0 0 Michael Quigley Director 2.00 X 0 0 0 Jeff Schroeder Director 2.00 X 0 0 0 Shariq Shafi Director 2.00 X 0 0 0 Edmund Shallcross III Director 2.00 X 0 0 0 Sarah Shine Director 2.00 X 0 0 0 Michael Steinman Director 2.00 X 0 0 0 Craig Tillman Director 2.00 X 0 0 0 James Whamond Director 2.00 X 0 0 0 Roy Wright President/CEO 40.00 X 979148 0 156591 Anne Cope Chief Engineer/SVP 40.00 X 384288 0 56910 Alister Watt Chief Product Officer/SVP 40.00 X 346764 0 41717 Pam Levenstone Treasurer/CFO 40.00 X 240144 0 50935 Michael Newman Secretary/General Counsel 40.00 X 256959 0 18655 Murray Morrison Managing Director of Research 40.00 X 246385 0 39281 Fred Malik Managing Director of FORTIFIED 40.00 X 236169 0 48638 Chuck Miccollis Managing Director of Commercial Lines 40.00 X 235581 0 27775 Christopher Flynn General Manager, Research Center 40.00 X 200379 0 44734 Connie Bryant Breedlove Managing Director of Communications 40.00 X 192520 0 28365 3318337 0 513601 10 0 1 0 Mr Automation LLC 4222 22nd Ave S St Petersburg FL 33711 Contracted Services 337270 Neteffect Technologies 8809 Lenox Pointe Dr Suite G Charlotte NC 28273 Contracted Services 213930 LBMC Technology Solutions PO Box 1869 Brentwood TN 37024 Contracted Services 100773 3 22215628 327500 22543128 FORTIFIED & Wildfire Prepared Pro 900099 918790 918790 Research Center Projects Contract 900099 120504 120504 1039294 582911 582911 19181620 19124065 8719 57555 -8719 48836 48836 Other 900099 10531 10531 10531 24224700 1098661 0 582911 3084973 2616358 468615 8042941 6821198 1221743 772100 643263 128837 634561 538170 96391 57508 57508 37856 37856 277834 240791 37043 126994 86685 40309 578355 427887 150468 592078 484649 107429 269766 142221 127545 58316 58316 1503368 1503368 173173 173173 Research projects 1741771 1741771 Computer Services 1261357 526190 735167 Repairs & Maintenance 455569 455569 Misc expense 364421 110854 253567 157264 1905 155359 20190205 14381942 5808263 0 11501465 11420352 8609491 14039824 259289 190025 98525 162812 47160152 20907572 27189143 26252580 569668 493003 48227581 52558596 1803008 1911904 27980 52006 1448963 1133157 3279951 3097067 X 44947630 49461529 44947630 49461529 48227581 52558596 X 4034495 617185 -137781 X X 0 1 X 1 0 X 17256744 16752329 14348547 23095439 22543128 93996187 4000 435565 953038 659885 1039294 3091782 17260744 17187894 15301585 23755324 23582422 97087969 0 0 0 97087969 160703 255978 686339 226976 582911 1912907 160703 255978 686339 226976 582911 1912907 518 1164 1304 13004 10531 26521 17421965 17445036 15989228 23995304 24175864 99027397 0.98040 0.98330 0.01930 0.01650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 802949 802949 36574040 13096112 23477928 15156 15156 0 9535084 7604745 1930339 232923 191559 41364 26252580 Lease obligation - current 22730 Lease obligation - noncurrent 10861 Accrued pension 763407 Deferred compensation 217165 Accrued profit sharing 118994 1133157 X 24704109 617185 -137776 479409 24224700 0 24224700 20190205 0 20190205 0 20190205 Part X, Line 2: IBHS accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. IBHS has identified its tax status as a tax-exempt entity as its only significant tax position; however, IBHS has determined that such tax position does not result in an uncertainty requiring recognition. IBHS is not currently under examination by any taxing jurisdiction. IBHS's federal returns are generally open for examination for three years following the date filed. Part XI, Line 2d - Other Adjustments: Pension Related Changes X X X X 0 1 0 0 0 0 0 0 0 Roy Wright President/CEO 570784 0 175000 0 233364 0 123681 0 32910 0 1135739 0 200000 0 Anne Cope Chief Engineer/SVP 312288 0 72000 0 0 0 24042 0 32868 0 441198 0 0 0 Alister Watt Chief Product Officer/SVP 286264 0 60500 0 0 0 20534 0 21183 0 388481 0 0 0 Pam Levenstone Treasurer/CFO 206144 0 34000 0 0 0 18011 0 32924 0 291079 0 0 0 Murray Morrison Managing Director of Research 216385 0 30000 0 0 0 17674 0 21607 0 285666 0 0 0 Fred Malik Managing Director of FORTIFIED 215722 0 20447 0 0 0 17713 0 30925 0 284807 0 0 0 Michael Newman Secretary/General Counsel 227765 0 29194 0 0 0 18573 0 82 0 275614 0 0 0 Chuck Miccollis Managing Director of Commercial Line 210970 0 24611 0 0 0 16684 0 11091 0 263356 0 0 0 Christopher Flynn General Manager, Research Center 174313 0 26066 0 0 0 13986 0 30748 0 245113 0 0 0 Connie Bryant Breedlove Managing Director of Communications 168520 0 24000 0 0 0 14439 0 13926 0 220885 0 0 0 Form 990, Part VI, Section A, line 6 The organization has members. Form 990, Part VI, Section A, line 7a The governing body (Board of Directors) is made up of members who are elected by certain classes of members to serve as a Board member. Form 990, Part VI, Section B, line 11b A draft copy is first reviewed by the Chief Financial Officer, General Counsel, and the CEO. Any preliminary corrections are made by the preparing firm. Then, the (revised) draft is electronically transmitted to each Audit & Finance (A&F) Committee member, the CEO, and General Counsel prior to the February/ March A&F Committee meeting. The 990 is presented to the A&F Committee by the Institute's outside auditor; the A&F Committee then has a chance to ask questions and discuss the document. When general agreement is reached, the committee approves the draft. If any changes are made, they are reviewed and approved by the A&F Committee chairman, who then notifies the CFO that the CEO is authorized to sign and send the return to the appropriate federal authority. Form 990, Part VI, Section B, line 12c All staff are subject to an organization-wide conflict of interest policy. The organization also requires leadership and other key staff to submit a financial disclosure form annually. Form 990, Part VI, Section B, line 15 The IBHS Board of Directors' Compensation Committee (comprising the three chairmen of the Board, Executive Committee, and Audit & Finance Committee) annually reviews and approves all compensation for the CEO, as well as they advise the CEO on matters relating to performance-related salary adjustments and bonuses for all senior officers. Other key employees' compensation is reviewed annually by the CEO. No less than annually, the CEO and Senior Director for P&O research compensation for comparable positions in similar organizations and locations to determine appropriateness of salary levels. The Institute also has a robust, comprehensive compensation structure that covers all employees. Form 990, Part VI, Section C, line 19 The organization does make its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, line 9: Pension related changes other than net periodic pension -137,776. Rounding -5. Form 990, Part XII, Line 2C The organization has an audit and finance committee that assumes responsibility for oversight of the audit of financial statements and selection of an independent auditor. Form 990, Part VIII, Line 1B IBHS revenue is derived primarily from membership dues. These membership dues are considered a contribution and are recorded as revenue at the time the dues are received; not based on the underlying membership year. Membership dues received for the 2023 membership year totaled approximately $22.2M and were collected during 2022 and 2023. Form 990, Part V, Line 2A The organization didn't file any Form W-2s for calendar year 2023 but has employees. Form W-2s were filed by Insperity Inc, as common paymaster and a related organization reported on Schedule J.