2025-04-25T12:46:22-05:00 2024-12-31 591687531 PDR CPAS ADVISORS INC 4023 Tampa Road Suite 2000 Oldsmar FL 34677 990 2024-01-01 232049143 Insurance Institute for Business & Home Safety INSU 8037233600 5335 Richburg Road Richburg SC 29729 Roy Wright President / CEO 8037233600 2025-04-24 1 1 Mary Brown P01892845 7277854447 2024 2025-03-06 01:10:19Z Roy Wright 5335 Richburg Road Richburg SC 29729 39851319 0 X IBHS.org X 1977 IL IBHS conducts research to help protect homes and businesses against various causes of loss. 29 28 100 0 0 0 22543128 22328633 1039294 2665823 631747 1010742 10531 0 24224700 26005198 0 0 0 0 12534575 14003482 0 0 0 7655630 9279892 20190205 23283374 4034495 2721824 52558596 55913758 3097067 2591195 49461529 53322563 X IBHS shall be a technical, research, and communication organization whose mission is to deliver top-tier science and translate it into action so we can prevent avoidable suffering, strengthen our homes and businesses, inform the insurance industry, and support thriving communities. 0 0 9095101 801143 Research Center Projects: At its unique, world-class IBHS Research Center in South Carolina, IBHS conducts a variety of tests to examine the impact of wind, fire, hail and wind-driven water on both residential and commercial structures. Using transparent, objective research methodologies, this 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. Research Center staff coordinates and leverages its research resources through collaboration with other scientists and research organizations, trade groups, and manufacturers. In 2024, IBHS conducted 44 research projects-including advancing structural separation wildfire research-and conducted a full-scale hurricane/FORTIFIED demonstration, broadcast nationally from the IBHS test chamber. 4906393 1864680 FORTIFIED Programs: IBHS has developed and promulgated a set of science-based, hazard specific building design, repair and retrofitting standards for residential and commercial construction called the FORTIFIED program. In 2024, IBHS designated more than 17,000 properties through the FORTIFIED program, bringing total designations above 70,000 across 31 states.Wildfire Prepared: IBHS translates its wildfire research in a variety of ways, including media engagement, public policy engagement, live demonstrations, and developing and promulgating the Wildfire Prepared Program, a designation program based on a suite of mitigation actions designed to reduce the risk of home ignition. IBHS conducted several live demonstrations in to illustrate the importance of removing combustible material from the five-foot zone around structures. IBHS also educated state insurance regulators, lawmakers, and other policymakers about science-based wildfire mitigation actions. Over 1,000 homes are now designated Wildfire Prepared . 3024580 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, IBHS creates 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. 17026074 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 1 100 1 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 Pam Levenstone 8134614949 4775 E FOWLER AVE TAMPA FL 33617 Ryan Vigus Director - Chair 4.00 X X 0 0 0 Brad Lemons Director - Vice Chair 2.00 X X 0 0 0 Greg Pannhausen Director - Vice Chair 2.00 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 Lucca Chin Director 2.00 X 0 0 0 Will Downs 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 Jonathan Imhoff Director 2.00 X 0 0 0 Katie Irey Director 2.00 X 0 0 0 Chris Karacalidis 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 Erin Morris 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 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 987903 0 97528 Anne Cope Chief Engineer/SVP 40.00 X 391700 0 59553 Alister Watt Chief Product Officer/SVP 40.00 X 372659 0 37121 Pam Levenstone Treasurer/CFO 40.00 X 276464 0 55248 Michael Newman Secretary/General Counsel 40.00 X 277820 0 17072 Murray Morrison Managing Director of Research 40.00 X 269984 0 42821 Fred Malik Managing Director of FORTIFIED 40.00 X 261402 0 52121 Chuck Miccollis Managing Director of Commercial Lines 40.00 X 247683 0 23883 Christopher Flynn General Manager, Research Center 40.00 X 220667 0 47576 Connie Bryant Breedlove Managing Director of Communications 40.00 X 216531 0 30763 3522813 0 463686 10 0 1 0 Mr Automation LLC 4222 22nd Ave S St Petersburg FL 33711 Contracted Services 610745 Neteffect Technologies 8809 Lenox Pointe Dr Suite G Charlotte NC 28273 Contracted Services 268021 2 22203633 125000 22328633 FORTIFIED & Wildfire Prepared Pro 900099 1864680 1864680 Research Center Projects Contract 900099 801143 801143 2665823 858990 858990 13945673 52200 13663965 182156 281708 -129956 151752 151752 26005198 2817575 0 858990 3522813 3030457 492356 8928834 7740526 1188308 830304 704384 125920 721531 620688 100843 61725 5156 56569 37000 37000 185559 180556 5003 129686 89602 40084 1496195 626282 869913 684983 493470 191513 633239 554114 79125 273770 144597 129173 8253 8253 1678041 1678041 164476 164476 Research projects 2583200 2583200 Repairs & Maintenance 700286 96735 603551 Misc expense 497250 150050 347200 Postage & Telephone 146229 6257 139972 23283374 17026074 6257300 0 752349 1777773 10668003 9118960 190025 386065 162812 216559 47936413 22135552 26252580 25800861 14039824 18308717 493003 304823 52558596 55913758 1911904 2319731 52006 4986 1133157 266478 3097067 2591195 X 49461529 53322563 49461529 53322563 52558596 55913758 X 2721824 808628 -56428 387010 X X 0 1 X 1 0 X 16752329 14348547 23095439 22543128 22328633 99068076 435565 953038 659885 1039294 2665823 5753605 17187894 15301585 23755324 23582422 24994456 104821681 0 0 0 104821681 255978 686339 226976 582911 858990 2611194 255978 686339 226976 582911 858990 2611194 1164 1304 13004 10531 26003 17445036 15989228 23995304 24175864 25853446 107458878 0.97550 0.98040 0.02430 0.01930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 847085 847085 36526879 14070590 22456289 15156 15156 0 10315015 7841164 2473851 232278 208642 23636 25800861 Lease obligation - current 10580 Lease obligation - noncurrent 14742 Accrued pension 61457 Deferred compensation 37155 Accrued profit sharing 142544 266478 X 27144403 808628 387005 1195633 25948770 56428 56428 26005198 23283375 1 1 23283374 0 23283374 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 Part XII, Line 2d - Other Adjustments: Rounding X X X X 0 1 0 0 0 0 0 0 0 Roy Wright President/CEO 595288 0 175000 0 217615 0 63030 0 34498 0 1085431 0 217615 0 Anne Cope Chief Engineer/SVP 325550 0 66150 0 0 0 25098 0 34455 0 451253 0 0 0 Alister Watt Chief Product Officer/SVP 300471 0 72188 0 0 0 14963 0 22158 0 409780 0 0 0 Pam Levenstone Treasurer/CFO 222514 0 53950 0 0 0 20735 0 34513 0 331712 0 0 0 Fred Malik Managing Director of FORTIFIED 222333 0 39069 0 0 0 19608 0 32513 0 313523 0 0 0 Murray Morrison Managing Director of Research 236231 0 33253 0 500 0 20239 0 22582 0 312805 0 0 0 Michael Newman Secretary/General Counsel 236712 0 41108 0 0 0 16990 0 82 0 294892 0 0 0 Chuck Miccollis Managing Director of Commercial Line 217435 0 30248 0 0 0 11849 0 12034 0 271566 0 0 0 Christopher Flynn General Manager, Research Center 184975 0 35692 0 0 0 13109 0 34467 0 268243 0 0 0 Connie Bryant Breedlove Managing Director of Communications 178191 0 38340 0 0 0 16241 0 14522 0 247294 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 or at 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 not make its governing documents, conflict of interest policy, and financial statements available to the public. Form 990, Part XI, line 9: Pension related changes other than net periodic pension 387,005. 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. Form 990, Part V, Line 2A The organization didn't file any Form W-2s for calendar year 2024 but has employees. Form W-2s were filed by Insperity Inc, as common paymaster and a related organization reported on Schedule J.