BUSINESS INSURANCE FOUNDATION INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
BUSINESS INSURANCE FOUNDATION INC (EIN 46-4411779)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-02-24
IRS object ID
201700559349300100
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-02-24T00:39:09-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AMY HASSBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1107 W 86TH ST STE 10GAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10024ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464411779EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CLAIMVETS CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCLAIBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line14100 S HOSPITAL DR RM/STE 209AddressLine1Txt
CityPLANTATIONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33317ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonADAM POTTERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2017-02-22SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAMY HASS EAPreparerPersonNm
PTINP01249282PTIN
Phone9174885314PhoneNum
Preparation2017-02-24PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device Id035226C2594F80847AA9CEA1DB15B8C3049583AEAtSubmissionCreationDeviceId
At Submission Filing Device Id035226C2594F80847AA9CEA1DB15B8C3049583AEAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSUSAN WISBEY-SMITHPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11255 WARRINGTON ROADAddressLine1Txt
CityDEERFIELDCityNm
State AbbreviationILStateAbbreviationCd
ZIP60015ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$248,723GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CLAIMVETS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionCLAIMVETS PROVIDES VETERANS WITH A PATHWAY TO ENTER THE CLAIMS PROFESSION BY PROVIDING ACCESS TO ADJUSTER AND OFFICE SKILLS TRAINING PROGRAMS, ADJUSTER LICENSES, CAREER MENTORING, JOB PLACEMENT SERVICES AND RELOCATION ASSISTANCE. CONTINUING EDUCATIOINAL OPPORTUITIES WILL ALSO BE PROVIDED.ActivityOrMissionDesc
Voting Members Governing Body17VotingMembersGoverningBodyCnt
Voting Members Independent17VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$248,350PYContributionsGrantsAmt
CY Contributions Grants$248,723CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$248,350PYTotalRevenueAmt
CY Total Revenue$248,723CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$62,071PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$53,001CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$252,683CYTotalFundraisingExpenseAmt
PY Other Expenses$94,449PYOtherExpensesAmt
CY Other Expenses$333,973CYOtherExpensesAmt
PY Total Expenses$156,520PYTotalExpensesAmt
CY Total Expenses$386,974CYTotalExpensesAmt
PY Revenues Less Expenses$91,830PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$138,251CYRevenuesLessExpensesAmt
Total Assets BOY$186,820TotalAssetsBOYAmt
Total Assets EOY$48,569TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$186,820NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$48,569NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionCLAIMVETS PROVIDES VETERANS WITH A PATHWAY TO ENTER THE CLAIMS PROFESSION BY PROVIDING ACCESS TO ADJUSTER AND OFFICE SKILLS TRAINING PROGRAMS, ADJUSTER LICENSES, CAREER MENTORING, JOB PLACEMENT SERVICES AND RELOCATION ASSISTANCE. CONTINUING EDUCATIOINAL OPPORTUITIES WILL ALSO BE PROVIDED.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescCLAIMVETS HELD ONE LARGE ANNUAL DINNER AND AWARDS FUNDRAISER IN NEW YORK CITY, WHICH ACCOUNTS FOR THE MAJORITY OF OUR REVENUE. THE MAJORITY OF THE ANNUAL EXPENSES RELATE TO HOSTING THE DINNER AND SECONDARY, GENERAL ADMINISTRATIVE COSTS.Desc
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members17GoverningBodyVotingMembersCnt
Independent Voting Member17IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CLAIMVETSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2127241234PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14100 S HOSPITAL DR 209AddressLine1Txt
CityPLANTATIONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33317ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
SUSAN WISBEY-SMITH
EXECUTIVE DI10.00Yes (X)Yes (X)$53,001$0$0
ADAM POTTER
PRESIDENT5.00Yes (X)Yes (X)$0$0$0
JOHN MCGANN
SECRETARY2.00Yes (X)Yes (X)$0$0$0
MATT MORRISON
DIRECTOR0.25Yes (X)$0$0$0
CHRIS CARUCCI
DIRECTOR0.25Yes (X)$0$0$0
TOM CLARK
DIRECTOR0.25Yes (X)$0$0$0
STEVE TRUONO
DIRECTOR0.25Yes (X)$0$0$0
CHIP D'ANGELO
DIRECTOR0.25Yes (X)$0$0$0
DAN WINKLER
DIRECTOR0.25Yes (X)$0$0$0
BOB ROARKE
DIRECTOR0.25Yes (X)$0$0$0
DAN BERMAN
DIRECTOR0.25Yes (X)$0$0$0
LUCY ANN GALIOTO
DIRECTOR0.25Yes (X)$0$0$0
ROBERT MCCARTHY
DIRECTOR0.25Yes (X)$0$0$0
STEVE JOHNSON
DIRECTOR0.25Yes (X)$0$0$0
BOB ROARKE
DIRECTOR0.25Yes (X)$0$0$0
EMILEE SCIALPI
DIRECTOR0.25Yes (X)$0$0$0
FERM FERNANDEZ
DIRECTOR0.25Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$53,001TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$248,723AllOtherContributionsAmt
Total Contributions$248,723TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$248,723TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$53,001TotalAmt
Management And General$53,001ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$70,340TotalAmt
Management And General$70,340ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,055TotalAmt
Management And General$3,055ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$253,019TotalAmt
Management And General$336ManagementAndGeneralAmt
Fundraising$252,683FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$5,300TotalAmt
Management And General$5,300ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$437TotalAmt
Management And General$437ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,822TotalAmt
Management And General$1,822ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$386,974TotalAmt
Program Services$0ProgramServicesAmt
Management And General$134,291ManagementAndGeneralAmt
Fundraising$252,683FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$186,820BOYAmt
EOY$47,982EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$587EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$186,820BOYAmt
EOY$48,569EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$186,820BOYAmt
EOY$48,569EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$186,820BOYAmt
EOY$48,569EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$186,820BOYAmt
EOY$48,569EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$138,251ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$248,350CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$248,059CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$248,350CurrentTaxYearMinus1YearAmt
Current Tax Year$248,723CurrentTaxYearAmt
Total$993,482TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$248,350CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$248,059CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$248,350CurrentTaxYearMinus1YearAmt
Current Tax Year$248,723CurrentTaxYearAmt
Total$993,482TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$993,482PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$248,350CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$248,059CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$248,350CurrentTaxYearMinus1YearAmt
Current Tax Year$248,723CurrentTaxYearAmt
Total$993,482TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Public Support PY5091.00000PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Investment Income PY0.00000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONCLAIMVETS PROVIDES VETERANS WITH A PATHWAY TO ENTER THE CLAIMS PROFESSION BY PROVIDING ACCESS TO ADJUSTER AND OFFICE SKILLS TRAINING PROGRAMS, ADJUSTER LICENSES, CAREER MENTORING, JOB PLACEMENT SERVICES AND RELOCATION ASSISTANCE. CONTINUING EDUCATIOINAL OPPORTUITIES WILL ALSO BE PROVIDED.
FORM 990, PAGE 6, PART VI, LINE 11BADAM POTTER, PRESIDENT, AND ACCOUNTANT MEET REGULARLY TO GO OVER THE INCOME (CONTRIBUTIONS) AND THE EXPENSES, TO VERIFY INTEGRITY AND DISCUSS THE DAY TO DAY OPERATIONS AS WELL AS THE FINANCIAL DIRECTION OF THE COMPANY WITH REGARDS TO MISSION ACCOMPLISHMENT.
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC
FORM 990, PART IX, LINE 11GEVENT EXPENSES AND SERVICES 0 0 252,683 DUES & LICENSE 0 336 0 TOTAL 0 336 252,683

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