2023-04-04T13:54:50-05:00 2022-12-31 591687531 PDR CPAS Advisors 4023 Tampa Road Suite 2000 Oldsmar FL 34677 990 2022-01-01 232049143 Insurance Institute for Business & Home Safety INSU 8037898000 5335 Richburg Road Richburg SC 29729 Roy Wright President / CEO 8037898000 2023-04-04 1 Roy Wright 999009999 0 Mary Brown P01892845 7277854447 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Roy Wright 5335 Richburg Road Richburg SC 29729 25766168 0 X WWW.disastersafety.org X 1977 IL IBHS conducts research to help protect homes and businesses against various causes of loss. 28 27 92 0 0 0 14348547 23095439 953038 659885 686339 103054 1304 13004 15989228 23871382 0 0 0 0 10789854 11075092 0 0 0 6825813 6998589 17615667 18073681 -1626439 5797701 44460311 48227581 4944395 3279951 39515916 44947630 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 8059623 77694 Research Center Projects: At the 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. 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. Transparent, objective research methodologies are utilized. Research Center staff coordinates and leverages Institute resources through partnerships with manufacturers, trade groups and other scientists and research organizations. 831886 582191 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. Further development of individual standards is ongoing, and IBHS is in the midst of working to scale up our hurricane standard for new and existing site-site built, manufactured, and modular homes - while maintaining quality control over the standard and designation process. Total expense for this work in 2022 was confined to the IBHS annual budget in the form of personnel, IT, and travel costs. 3434986 Product Development: IBHS has a robust communications function product development capability that builds upon our research capabilities. By translating technical research findings into guidance for homeowners and businesses. In this way, we work to motivate action by educating stakeholders about practical and cost-effective ways to increase the resilience of both residential and commercial structures. Each year, the Institute creates a substantial amount of original data and other types of content. This information is pushed outward to the public through IBHS member companies, via the IBHS Web site, and utilizing both digital and traditional media outlets. 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. 13004 13004 12326495 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 36 0 1 92 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 28 27 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 Eric Nelson Director 4.00 X 0 0 0 Randall Poole Director - Chair 4.00 X X 0 0 0 General Bill Cooney Chairman Emeritus 1.00 X 0 0 0 Allen Anderson Director 2.00 X 0 0 0 Debra Dunn Director 2.00 X 0 0 0 Gavin Blair Director 2.00 X 0 0 0 Peggy Echols Director - Vice Chair 2.00 X X 0 0 0 Andrea Lindemeyer Director 2.00 X 0 0 0 Greg Pannhausen Director 2.00 X 0 0 0 Robert DiMuccio Director 2.00 X 0 0 0 Patrick Causgrove Director 2.00 X 0 0 0 J Smith Smitty Harrison Jr Director 2.00 X 0 0 0 Mohit Pande Director 2.00 X 0 0 0 Michael Steinman Director 2.00 X 0 0 0 Rockne Corbin Director 2.00 X 0 0 0 Brad Lemons Director 2.00 X 0 0 0 Patrick McCrink Director 2.00 X 0 0 0 Michael Quigley Director 2.00 X 0 0 0 Bryon Snethen Director 2.00 X 0 0 0 Katie Shook Director 2.00 X 0 0 0 Craig Tillman Director 2.00 X 0 0 0 Lesley Reeter Director 2.00 X 0 0 0 Douglas Smith Director 2.00 X 0 0 0 Jennifer Wiedrick Director 2.00 X 0 0 0 Ryan Vigus Director 2.00 X 0 0 0 James Whamond Director 2.00 X 0 0 0 Victor Joseph Director 2.00 X 0 0 0 Anne Cope Chief Engineer/SVP 40.00 X 387735 0 30736 Alister Watt Chief Product Officer/SVP 40.00 X 352560 0 27960 Michael Newman Secretary/General Counsel 40.00 X 224832 0 82 Roy Wright President/CEO 40.00 X 737596 0 130779 Pam Levenstone Chief Financial Officer/Treasurer 40.00 X 154071 0 30794 Fred Malik Managing Director of FORTIFIED 40.00 X 257563 0 30748 Chuck Miccollis Managing Director of Commercial Lines 40.00 X 246436 0 27471 Murray Morrison Managing Director of Research 40.00 X 252318 0 19715 Christopher Flynn General Manager, Research Center 40.00 X 198574 0 30719 Connie Bryant Breedlove Managing Director of Communications 40.00 X 209864 0 10652 Debra Ballen Former Chief Risk Officer/SVP 40.00 X 402874 0 16459 Susan Baxter Gibson Former Treasurer and Managing Dir Corp Operations 40.00 X 199946 0 13400 3624369 0 369515 12 1 1 0 Mr Automation LLC 4222 22nd Ave S St Petersburg FL 33711 Contracted Services 429005 Neteffect Technologies 8809 Lenox Pointe Dr Suite G Charlotte NC 28273 Contracted Services 254932 2 22708747 386692 23095439 FORTIFIED Programs 900099 582191 582191 Research Center Projects Contract 900099 77694 77694 659885 226976 226976 1770864 1857603 37183 -86739 -37183 -123922 -123922 Other 900099 13004 13004 13004 23871382 672889 0 103054 3561705 2976956 584749 6323603 5370377 953226 641783 108399 533384 548001 373070 174931 43225 43225 35700 35700 207378 192859 14519 99210 28055 71155 598303 425041 173262 534861 453470 81391 192501 135758 56743 292782 292782 1319723 1319723 164374 164374 Research projects 1756138 1756138 Computer Services 821496 311820 509676 Misc expense 417776 81094 336682 Repairs & Maintenance 341072 113328 227744 174050 130 173920 18073681 12326495 5747186 0 6620490 11501465 9409380 8609491 373592 259289 12054 98525 46596213 19407070 27613466 27189143 431329 569668 44460311 48227581 1629601 1803008 45298 27980 1057941 2211555 1448963 4944395 3279951 X 39515916 44947630 39515916 44947630 44460311 48227581 X 5797701 -774175 408188 X X 0 1 X 1 0 X 14047543 17256744 16752329 14348547 23095439 85500602 66531 4000 435565 953038 659885 2119019 14114074 17260744 17187894 15301585 23755324 87619621 0 0 0 87619621 140696 160703 255978 686339 226976 1470692 140696 160703 255978 686339 226976 1470692 802 518 1164 1304 13004 16792 14255572 17421965 17445036 15989228 23995304 89107105 0.98330 0.98250 0.01650 0.01750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 802949 802949 36587399 12095935 24491464 15156 15156 0 8957786 7122147 1835639 232923 173832 59091 27189143 Lease obligation - current 110224 Lease obligation - noncurrent 33590 Accrued pension 908124 Deferred compensation 295305 Accrued profit sharing 101720 1448963 X 23097207 -774175 -774175 23871382 0 23871382 18073681 0 18073681 0 18073681 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. X X X X 0 0 0 0 0 0 0 0 0 Roy Wright President/CEO 538507 0 160000 0 39089 0 100000 0 30779 0 868375 0 0 0 Debra Ballen Former Chief Risk Officer/SVP 306565 0 61308 0 35001 0 0 0 16459 0 419333 0 0 0 Anne Cope Chief Engineer/SVP 286620 0 70000 0 31115 0 0 0 30736 0 418471 0 0 0 Alister Watt Chief Product Officer/SVP 263050 0 64001 0 25509 0 0 0 27960 0 380520 0 0 0 Fred Malik Managing Director of FORTIFIED 203920 0 30689 0 22954 0 0 0 30748 0 288311 0 0 0 Chuck Miccollis Managing Director of Commercial Line 201148 0 24128 0 21160 0 0 0 27471 0 273907 0 0 0 Murray Morrison Managing Director of Research 193124 0 42000 0 17194 0 0 0 19715 0 272033 0 0 0 Christopher Flynn General Manager, Research Center 156905 0 26987 0 14682 0 0 0 30719 0 229293 0 0 0 Michael Newman Secretary/General Counsel 187160 0 20400 0 17272 0 0 0 82 0 224914 0 0 0 Connie Bryant Breedlove Managing Director of Communications 156973 0 36540 0 16351 0 0 0 10652 0 220516 0 0 0 Susan Baxter Gibson Former Treasurer and Managing Dir Co 147535 0 34202 0 18209 0 0 0 13400 0 213346 0 0 0 Pam Levenstone Chief Financial Officer/Treasurer 133312 0 9579 0 11180 0 0 0 30794 0 184865 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 The organization conducts audits of staff through online searches, and annually requires each employee to review and sign the conflict of interest policy. Compliance is monitored by the P&O department. Form 990, Part VI, Section B, line 15 The IBHS Board of Directors' Compensation Committee (comprising of the five: chair of the Board, chair of the Executive Committee, vice chair of the Executive Committee, chair of the Audit & Finance Committee, and immediate past chair of the Board) 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 408,188. 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 2022 membership year totaled approximately $22.7M and were collected during 2021 and 2022.