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Nonprofit · EIN 36-1516660

PROPERTY LOSS RESEARCH BUREAU

Tax-exempt · DOWNERS GROVE, IL 60515

Financials

$13.2M$11.3M2023$12.7M$11.6M2024
Revenue Expenses · by fiscal year end
Financials of PROPERTY LOSS RESEARCH BUREAU by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$12,679,757$11,577,499$1,102,258$30,887,405$8,582,938$22,304,467
December 31, 2023990$13,183,287$11,314,113$1,869,174$30,542,376$9,694,014$20,848,362
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$11,497,324
Investment income
$1,177,389
Net gain from sales of assets
$997
Other revenue
$5,044

Expenses

Grants and similar amounts paid
$5,000
Compensation of officers, directors and key employees
$2,895,936
Other salaries and wages
$4,106,926
Salaries, compensation and benefits (total)
$8,541,708
Professional fundraising fees
$0
Occupancy
$698,825
Travel
$142,597
Depreciation
$122,659

Balance sheet and other

Total assets, start of year
$30,542,376
Total assets, end of year
$30,887,405
Total liabilities, end of year
$8,582,938
Net assets, end of year
$22,304,467
Land, buildings and equipment
$481,824
Publicly traded securities
$19,265,242
Net assets without donor restrictions
$22,304,467
Gross receipts
$22,257,491
Employees
49
Volunteers
300
Year formed
1977
State of legal domicile
IL

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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
BRYAN FALCHUKPRESIDENT & CEO & INTERIM TREASURER
Officer
36$624,000$93,061
LEONARD MURPHYSENIOR VP & GENERAL COUNSEL
Officer
36$350,750$87,391
ELIZABETH STERNESENIOR VP PROPERTY LEGAL SERVICES & SECRETARY
Officer
36$331,250$78,863
JEFFREY KERENSKYSENIOR VP - MEMBERSHIP
Key employee
36$293,250$86,281
PETER BECKERVP INFORMATION SERVICES
Key employee
36$260,250$73,264
MICHAEL BRODEVP MEETINGS & EDUCATION
Key employee
36$240,500$80,590
DANIELA WEISZHARVP - MARKETING
Key employee
36$258,500$37,987
RANSELLA WAGNERCA COUNSEL & LAW REVIEW EDITOR
Highest-paid employee
36$144,050$68,195
PATRICK BIGGINSCOUNSEL
Highest-paid employee
36$142,170$67,917
MARK LOGALBOCOUNSEL
Highest-paid employee
36$141,790$68,009
THOMAS O' DOWDSENIOR MARKETING & EXHIBITS MANGER
Highest-paid employee
36$142,750$56,546
TIMOTHY HAVLIRCOUNSEL
Highest-paid employee
36$135,102$33,005
STEPHEN MRAZDIRECTOR
Trustee or director
1$0$0
BRIAN POZZIDIRECTOR
Trustee or director
1$0$0
PAUL EDWARDSDIRECTOR
Trustee or director
1$0$0
8 more people on this return
NameTitleHours / weekCompensation
TIM CONSTIENDIRECTOR
Trustee or director
1$0
JOHN MICHELIDIRECTOR
Trustee or director
1$0
JAMEY CZAPLADIRECTOR
Trustee or director
1$0
BRYON NELSONDIRECTOR
Trustee or director
1$0
SHANNON O'BRIENDIRECTOR
Trustee or director
1$0
MEG WEISTDIRECTOR(END 09/19/24)
Trustee or director
1$0
JENNIFER REYESDIRECTOR
Trustee or director
1$0
RICHARD LONGCHAIRMAN
Officer
1$0
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensationOther / benefits
BRYAN FALCHUKPRESIDENT & CEO & INTERIM TREASURER
Officer
36$649,651$94,204
LEONARD MURPHYSENIOR VP & GENERAL COUNSEL
Officer
36$328,615$116,094
JEFFREY KERENSKYSENIOR VP - MEMBERSHIP
Key employee
36$296,729$92,262
ELIZABETH STERNESENIOR VP PROPERTY LEGAL SERVICES & SECRETARY
Officer
36$294,720$82,982
MICHAEL BRODEVP MEETINGS & EDUCATION
Key employee
36$218,565$78,290
PETER BECKERVP INFORMATION SERVICES
Key employee
36$248,240$41,065
PAUL DISPENSAVP - MEMBERSHIP (THRU 4/30/24)
Highest-paid employee
36$204,421$19,344
THOMAS O' DOWDSENIOR MARKETING & EXHIBITS MANGER
Highest-paid employee
36$135,007$68,189
RANSELLA WAGNERCA COUNSEL & LAW REVIEW EDITOR
Highest-paid employee
36$126,581$66,671
KATHRYN JENSENCOUNSEL & SENIOR EDITOR
Highest-paid employee
36$129,753$37,723
DAVID FOXCOUNSEL
Highest-paid employee
36$124,278$36,390
PAUL EDWARDSDIRECTOR
Trustee or director
1$0$0
TIM CONSTIENDIRECTOR
Trustee or director
1$0$0
BRYON NELSONDIRECTOR
Trustee or director
1$0$0
SHANNON O'BRIENDIRECTOR
Trustee or director
1$0$0
MEG WEISTDIRECTOR
Trustee or director
1$0$0
SEAN MCSWEENYDIRECTOR
Trustee or director
1$0$0
RICHARD LONGCHAIRMAN
Officer
1$0$0

Address and contacts

Address (IRS master file)
3333 FINLEY ROAD STE 100, DOWNERS GROVE, IL 60515-1227
Principal officer (990 for 2024)
BRYAN FALCHUK, 3025 HIGHLAND PARKWAY 800, DOWNERS GROVE, IL 60515
Signed the 990
BRYAN FALCHUK, PRESIDENT & CEO
Phone
(630) 724-2200
Return prepared by
SIKICH LLC

Mission

OUR MISSION IS TO SUPPORT THE PROPERTY & CASUAL INSURANCE INDUSTRY IN THE UNITED STATES IN THE PROVISION OF COVERAGE AND ADJUDICATION OF CLAIMS.

990 for the year ended December 31, 2024

Program accomplishments

  • EDUCATION AND TRAINING, LEGAL AND CLAIMS RESEARCH SERVICES, AND OTHER SERVICES.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-1516660
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1976
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$30,887,405
Income (IRS master file)
$22,257,491

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$12,679,757$11,577,499$30,887,405IRS
990December 2023$13,183,287$11,314,113$30,542,376XML
990December 2022$11,373,388$10,071,995$31,019,563IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 36-1516660).

Questions about PROPERTY LOSS RESEARCH BUREAU

What is the EIN of PROPERTY LOSS RESEARCH BUREAU?
The employer identification number (EIN) of PROPERTY LOSS RESEARCH BUREAU is 36-1516660.
Is PROPERTY LOSS RESEARCH BUREAU tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1976.
Are donations to PROPERTY LOSS RESEARCH BUREAU tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PROPERTY LOSS RESEARCH 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 PROPERTY LOSS RESEARCH BUREAU due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PROPERTY LOSS RESEARCH BUREAU last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PROPERTY LOSS RESEARCH BUREAU?
The 990 for the year ended December 31, 2024 names BRYAN FALCHUK.
Who are the officers and directors of PROPERTY LOSS RESEARCH BUREAU?
The 990 for the year ended December 31, 2024 lists 23 people; 12 received compensation from the organization, the highest $624,000 (BRYAN FALCHUK, PRESIDENT & CEO & INTERIM TREASURER).
How much revenue does PROPERTY LOSS RESEARCH BUREAU have?
On its 990 for the year ended December 31, 2024 it reported revenue of $12,679,757, expenses of $11,577,499 and total assets of $30,887,405 at year end.

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