Nonprofit · EIN 35-0837318
INDIANA COMPENSATION RATING BUREAU
Tax-exempt · INDIANAPOLIS, IN 46250
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,734,993 | $2,771,205 | -$36,212 | $2,277,444 | $330,941 | $1,946,503 |
| December 31, 2024 | 990 | $2,836,616 | $2,716,728 | $119,888 | $2,465,109 | $482,394 | $1,982,715 |
| December 31, 2023 | 990 | $2,739,998 | $2,821,159 | -$81,161 | $2,302,336 | $439,509 | $1,862,827 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,734,993
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $773,157
- Other salaries and wages
- $419,249
- Salaries, compensation and benefits (total)
- $1,386,403
- Professional fundraising fees
- $0
- Legal fees
- $59,670
- Accounting fees
- $23,575
- Occupancy
- $73,797
- Travel
- $40,591
- Depreciation
- $20,878
Balance sheet and other
- Total assets, start of year
- $2,465,109
- Total assets, end of year
- $2,277,444
- Total liabilities, end of year
- $330,941
- Net assets, end of year
- $1,946,503
- Land, buildings and equipment
- $40,929
- Net assets without donor restrictions
- $1,946,503
- Gross receipts
- $2,734,993
- Employees
- 8
- Volunteers
- 10
- Year formed
- 1935
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL KEATHLEY | PRESIDENT Officer | 40 | $225,610 | $103,911 |
| SCOTT LEREW | VICE PRESIDENT Officer | 40 | $196,298 | $78,037 |
| JENNIFER COX | FINANCE DIRECTOR Officer | 40 | $140,890 | $28,411 |
| FRANK BAKER | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ROB WEBER | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| ROB SMITH | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| PAUL HOLTRUP | GOVERNING BOARD MEMBER Trustee or director, Officer | 0.3 | $0 | $0 |
| SCOTT DAHLAGER | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| ALLISON SIDNAM | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| ARYEH HASELKORN | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| MICHAEL NUNNEY | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| BRIAN J HOFFMAN | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| CODY ALLEN | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL KEATHLEY | PRESIDENT Officer | 40 | $215,927 | $100,058 |
| SCOTT LEREW | VICE PRESIDENT Officer | 40 | $184,969 | $77,953 |
| JENNIFER COX | FINANCE DIRECTOR Officer | 40 | $132,731 | $26,787 |
| IRA FEUERLICHT THRU JUNE 2024 | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| FRANK BAKER CO-CHAIR | VICE CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| EDWIN HERRERA | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| ROB SMITH | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| LINDSAY LADIN CO-CHAIR | GOVERNING BOARD MEMBER Trustee or director, Officer | 0.3 | $0 | $0 |
| SCOTT DAHLAGER | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| ALLISON SIDNAM | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| CRAIG EVANS | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| MICHAEL NUNNEY | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL KEATHLEY BEG SEP 2023 | PRESIDENT Officer | 40 | $196,119 | $89,516 |
| JENNIFER COX | FINANCE DIRECTOR Officer | 40 | $109,958 | $21,293 |
| KAREN BYRD THRU APRIL 2023 | PRESIDENT Officer | 40 | $106,912 | $23,533 |
| SCOTT LEREW | VICE PRESIDENT Trustee or director, Officer | 40 | $47,514 | $3,182 |
| IRA FEUERLICHT AMER HOME ASSUR CO | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| FRANK BAKER EASTERN ALLIANCE INS | VICE CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| EDWIN HERRERA LIBERTY MUTUAL GROUP | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| ROB SMITH FCCI INS GROUP | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| LINDSAY LADIN TRAVELERS INDEMINITYC | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| SCOTT MACWILLIAM INDIANA FARMERS IN | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| KEITH GUCCIONE ICW GROUP | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| RICK COSENZA WESTFIELD INSURANCE C | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| SCOTT DAHLAGER OLD REPUBLIC | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| ALLISON SIDNAM ACCIDENT FUND INS CO | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| CRAIG EVANS INDIANA FARMERS INS | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| MICHAEL NUNNEY WESTFIELD INSURANCE | GOVERNING BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5920 CASTLEWAY WEST DR STE 121, INDIANAPOLIS, IN 46250-1931
- Principal officer (990 for 2025)
- PAUL KEATHLEY, 5920 CASTLEWAY WEST DRIVE 121, INDIANAPOLIS, IN 46250
- Signed the 990
- PAUL KEATHLEY, PRESIDENT
- Phone
- (317) 842-2800
- Website
- WWW.ICRB.NET
- Return prepared by
- KSM BUSINESS SERVICES INC
Mission
TO REGULATE WORKER COMPENSATION RATES IN THE STATE OF INDIANA.
Program accomplishments
- THE ICRB GATHERS INFORMATION FROM ITS MEMBER COMPANIES TO ESTABLISH FAIR AND ADEQUATE ADVISORY RATES. THIS INFORMATION IS THEN SUBMITTED TO THE INDIANA DEPARTMENT OF INSURANCE FOR REVIEW AND THEN DISTRIBUTED TO ALL MEMBER COMPANIES. IN ADDITION TO THE DATA-COLLECTION AND RATEMAKING FUNCTIONS, THE ICRB IS RESPONSIBLE FOR VARIOUS WORKERS COMPENSATION PROGRAMS INCLUDING RULES PROMULGATION, EXPERIENCE RATING, INSPECTION AND CLASSIFICATION, ASSIGNED-RISK ADMINISTRATION, INDUSTRY EDUCATION AND DISPUTE RESOLUTION.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-0837318
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1956
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,277,444
- Income (IRS master file)
- $2,734,993
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,734,993 | $2,771,205 | $2,277,444 | XML |
| 990 | December 2024 | $2,836,616 | $2,716,728 | $2,465,109 | XML |
| 990 | December 2023 | $2,739,998 | $2,821,159 | $2,302,336 | XML |
| 990 | December 2022 | $3,585,076 | $2,768,653 | $2,458,743 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-0837318).
Questions about INDIANA COMPENSATION RATING BUREAU
- What is the EIN of INDIANA COMPENSATION RATING BUREAU?
- The employer identification number (EIN) of INDIANA COMPENSATION RATING BUREAU is 35-0837318.
- Is INDIANA COMPENSATION RATING BUREAU tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1956.
- Are donations to INDIANA COMPENSATION RATING BUREAU tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDIANA COMPENSATION RATING BUREAU file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDIANA COMPENSATION RATING BUREAU due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDIANA COMPENSATION RATING BUREAU last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INDIANA COMPENSATION RATING BUREAU?
- The 990 for the year ended December 31, 2025 names PAUL KEATHLEY.
- Who are the officers and directors of INDIANA COMPENSATION RATING BUREAU?
- The 990 for the year ended December 31, 2025 lists 13 people; 3 received compensation from the organization, the highest $225,610 (PAUL KEATHLEY, PRESIDENT).
- How much revenue does INDIANA COMPENSATION RATING BUREAU have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,734,993, expenses of $2,771,205 and total assets of $2,277,444 at year end.
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