2020-03-13T09:06:45-05:00 2019-12-31 591687531 PDR CPAS Advisors 4023 Tampa Road Suite 2000 Oldsmar FL 34677 990 2019-01-01 232049143 Insurance Institute for Business & Home Safety INSU 8132863400 4775 E Fowler Ave Tampa FL 33617 Roy Wright President / CEO 8132863400 2020-02-27 1 Cynthia J Zygadlo P00554679 7277854447 64.88.174.3 2020-02-27 16:33:06 ES P F6A70630787BB3B71FC93FA911932905AC4B0A20 835B3F36E67481A61DE52A175EC479FEC48218DB 2019 2020-09-23 17:36:50Z Roy Wright 4775 E Fowler Ave Tampa FL 33617 20302218 0 X WWW.disastersafety.org X 1977 IL IBHS conducts research to help protect homes and businesses against various causes of loss. 28 27 81 0 0 0 14047543 17050373 66531 199766 198537 204269 802 518 14313413 17454926 0 0 0 0 8339440 9473067 0 0 0 5421314 6315474 13760754 15788541 552659 1666385 42356105 44743620 8882997 5936100 33473108 38807520 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 6133733 4000 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. Total expense for this work is approximately $4.4 million annually; partnerships with public, private and academic organizations brought in $4,000 of revenue to the Research Center, all of which was utilized for research conducted in conjunction with that specific partnership. 2142314 195766 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-built, manufactured and modular homes - while maintaining quality control over the standard and designation process. Total expense for this work in 2018 was confined to the IBHS annual budget in the form of personnel, IT, and travel costs. No revenue is generated by this work. 2406629 -20422 2406629 -20422 10682676 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 81 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 1 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X Susan Baxter Gibson 8136751049 4775 E FOWLER AVE TAMPA FL 33617 Allen Anderson Director 2.00 X 0 0 0 Eric Nelson Director - Chair 4.00 X X 0 0 0 Randall Poole Director - Vice Chair 4.00 X X 0 0 0 Carol Anderson Director 2.00 X 0 0 0 Gavin Blair Director 2.00 X 0 0 0 Peggy Echols Director 2.00 X 0 0 0 Kimberly Bowser Director 2.00 X 0 0 0 Sean Burgess Director 2.00 X 0 0 0 General Bill Cooney Chairman Emeritus 1.00 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 Timothy Mosley 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 Jon Riekse 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 Doug Smith Director 2.00 X 0 0 0 Tim 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 Jim Whamond Director 2.00 X 0 0 0 Debra Ballen Chief Risk Officer 40.00 X 359656 0 77986 Susan Baxter Gibson Treasurer and Managing Director of Corp Operations 40.00 X 196462 0 79131 Anne Cope Chief Engineer 40.00 X 260300 0 61930 Alister Watt Chief Product Officer 40.00 X 252000 0 38259 Roy Wright President/CEO 40.00 X 600000 0 40768 Fred Malik Managing Director of Commercial Lines 40.00 X 212382 0 59185 Chuck Miccollis Managing Director of FORITIFIED 40.00 X 214866 0 60161 Murray Morrison Managing Director of Research 40.00 X 164861 0 31736 Tanya Brown Giammanco Managing Director of Research 40.00 X 162325 0 30859 Brian McElhoe Senior Director Technologies 40.00 X 149360 0 30120 2572212 0 510135 20 0 1 0 Jose Jimenez LLC 6022 Interbay Blvd Tampa FL 33617 Consulting 127500 1 16668626 381747 17050373 FORTIFIED Programs 900099 195766 195766 Research Center Projects Contract 900099 4000 4000 199766 193045 193045 2574773 283743 2542609 304683 32164 -20940 11224 -20940 32164 Other 900099 518 518 518 17454926 179344 0 225209 2572212 2084067 488145 5238346 4350410 887936 1238330 1031188 207142 424179 361237 62942 29691 29691 23040 23040 259539 243205 16334 47578 47578 69115 8730 60385 673044 346169 326875 728850 412721 316129 533996 481488 52508 182442 159685 22757 62664 62664 1686547 1686547 136550 136550 Research projects 910383 822123 88260 Repairs & Maintenance 483318 206724 276594 Misc expense 309203 125211 183992 Postage & Telephone 179514 2140 177374 15788541 10682676 5105865 0 5737799 7453206 6210619 7892004 54695 3189 99909 68436 45925781 16623035 30205752 29302746 47331 24039 42356105 44743620 1038124 1260555 3366517 1823592 1555042 2654764 3120503 8882997 5936100 X 33471110 38805522 1998 1998 33473108 38807520 42356105 44743620 X 1666385 452038 3339012 -123023 X X 0 1 X 1 0 X 10946227 12410968 13541735 14047543 17256744 68203217 22890 110165 20736 66531 4000 224322 10969117 12521133 13562471 14114074 17260744 68427539 0 0 0 68427539 28646 38571 131534 140696 160703 500150 28646 38571 131534 140696 160703 500150 642 5594 1372 802 518 8928 10998405 12565298 13695377 14255572 17421965 68936617 0.99260 0.99390 0.00730 0.00590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 546757 546757 36529214 7407289 29121925 15156 15156 0 8487607 9026973 -539366 347047 173617 173430 29302746 Lease obligation - current 135000 Lease obligation - noncurrent 270000 Accrued pension 2715503 3120503 X 17906964 452038 452038 17454926 0 17454926 15788541 0 15788541 0 15788541 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 0 0 0 0 0 0 0 0 0 Debra Ballen Chief Risk Officer 325775 0 33881 0 0 0 0 0 0 0 359656 0 0 0 Susan Baxter Gibson Treasurer and Managing Director of C 180550 0 15912 0 0 0 0 0 0 0 196462 0 0 0 Anne Cope Chief Engineer 240000 0 20300 0 0 0 0 0 0 0 260300 0 0 0 Alister Watt Chief Product Officer 240000 0 12000 0 0 0 0 0 0 0 252000 0 0 0 Roy Wright President/CEO 500000 0 100000 0 0 0 0 0 0 0 600000 0 0 0 Fred Malik Managing Director of Commercial Line 196650 0 15732 0 0 0 0 0 0 0 212382 0 0 0 Chuck Miccollis Managing Director of FORITIFIED 197125 0 17741 0 0 0 0 0 0 0 214866 0 0 0 Murray Morrison Managing Director of Research 150733 0 14128 0 0 0 0 0 0 0 164861 0 0 0 Tanya Brown Giammanco Managing Director of Research 150733 0 11592 0 0 0 0 0 0 0 162325 0 0 0 A South Carolina Jobs-Economic Development Authority 570960018 837031RV7 2009-11-05 9000000 Financing for the South Carolina Research Center 0 0 0 A 9000000 2010 0 0 1 1 A 0 0 0 0 1 0 0 A 0 0 0 0 1 0 0 0 0 A 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 A, line 7b Governance decisions are subject to approval by members, stockholders, or persons other than the governing body. Form 990, Part VI, Section B, line 11b A draft copy is first reviewed by the Treasuer/Managing Director of Corporate Operations 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 President and CEO, and CRO prior to the February 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 Treasuer/Managing Director of Corporate Operations that the President & 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 HR department. 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 performance-related salary adjustments and bonuses for all officers. Other key employees' compensation is reviewed annually by the CEO. No less than annually, the CEO and Senior Director of Human Resources 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 cost -123,023. The prior period adjustment of $3,339,012 reflects the change in accounting principal for Revenue Recognition under ASU 2018-08 Form 990, Part XI, 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.