2016-11-15T13:26:09-06:00 2015-12-31 205520612 L M HENDERSON & COMPANY LLP 450 E 96TH ST STE 200 INDIANAPOLIS IN 46240 990 2015-01-01 350539460 NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES INC NATI 3178755250 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 GREGG A DYKSTRA CH OPERATING OFFICER 3178755250 2016-11-14 true JAMES J CLINE P00151432 3175661000 2016-11-15 2015 2017-02-10 21:41:12Z CHARLES M CHAMNESS 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 15481374 false X WWW.NAMIC.ORG X 1919 IN NAMIC IS A PROPERTY-CASUALTY INSURANCE TRADE ASSSOCIATION PROVIDING ORGANIZATION AND LEADERSHIP TO ITS MEMBERS IN GOVERNMENT AFFAIRS, EDUCATION, AND INSURANCE BUSINESS SUPPORT SERVICES. 19 19 121 20 24400 19905 0 12260060 13458696 211625 106473 117617 46568 12589302 13611737 0 0 6984693 7524651 0 0 5168626 5473325 12153319 12997976 435983 613761 11244668 12269316 3747037 4260730 7497631 8008586 X NAMIC ORGANIZES AND LEADS ASSOCIATION MEMBER EFFORTS TO IMPROVE THE HEALTH AND PERFORMANCE OF THE PROPERTY CASUALTY INSURANCE THROUGH ITS GOVERNMENT AFFAIRS (ADVOCACY, LOBBYING, ISSUE MANAGEMENT, PUBLIC AFFAIRS, AND FEERAL AND STATE GRASSROOTS EFFORTS INCLUDING POLITICAL ACTION); EDUCATION/CERTFICATION (BOARD, EXECUTIVE, MANAGEMENT; TECHNICAL); AND INSURANCE BUSINESS SUPPORT SERVICES (PROFESSIONAL LIABILITY INSURANCE, COMPLIANCE, MARKETING SUPPORT AND EMPLOYEE BENEFIT PROGRAMS). NAMIC'S EFFORTS ARE DIRECTED THROUGH ITS 501(C)6 PARENT ORGANIZATION AND WITHIN RELATED SUBSIDIARIES AND OTHER ENTITIES AS DESCRIBED HEREIN. false false GOVERNMENT AFFAIRS/ADVOCACY - NAMIC LEADS MEMBER EFFORTS IN THIS AREA THROUGH ITS FEDERAL, STATE, AND INTERNATIONAL GOVERNMENT AND PUBLIC AFFAIRS ACTIVITY (ISSUE RESEARCH/MANAGEMENT, ADVOCACY, LOBBYING); CONGRESSIONAL CONTACT AND POLITICAL ACTION PROGRAMS; JOINT INDUSTRY OR INDVIDIUAL ADVOCACY PROJECT EFFORTS; ONGOING COMMUNICATION AND EDUCATION ON RELEVANT PUBLIC POLICY ISSUES; AND RELATED ENTITY SUPPORT AND OVERSIGHT. LEADERSHIP/PARTICIPATION IN STATE/NATIONAL ADVOCACY COALITIONS/ASSOCIATIONS, BALLOT INITIATIVES, AMICUS BRIEFS, POLITICAL ACTION SUPPORT (THROUGH OVERSIGHT AND MANAGEMENT OF THE NAMIC ADVOCACY FUND). 1,058,532 FEDERAL AND STATE ELECTION CAMPAIGN CONTRIBUTIONS (THROUGH OVERSIGHT AND MANAGEMENT OF THE NAMIC PAC). 507,815 EDUCATION AND CERTIFICATION - NAMIC ORGANIZES AND CONDUCTS AN EXTENSIVE INSURANCE COMPANY EDUCATION AND EVENT PROGRAM CONSISTING OF INSURANCE FUNCTIONAL EDUCATION (UNDERWRITING, CLAIMS); BOARD EDUCATION (BASIC, ADVANCED, CUSTOMIZED) AND CERTIFICATION; LEADERSHIP DEVELOPMENT, EXECUTIVE/MANAGEMENT EDUCATION AND CERTIFICATION; AND AN ANNUAL CONVENTION ATTENDED BY MORE THAN 1800 DELEGATES AND 100+ EXHIBITORS. INSURANCE BUSINESS SUPPORT SERVICES - NAMIC OVERSEES THE DEVELOPMENT AND PRODUCTION OF HIGH VALUE PRODUCTS AND SERVICES TO ITS MEMBERS AND OTHER INSURANCE ENTITIES, INCLUDING PROFESSIONAL LIABILITY INSURANCE (D&O; ICPL; FIDELITY); MANAGEMENT SERVICES; LEGISLATION AND COMPLIANCE TRACKING SERVICES; BENCHMARKING; BRAND SUPPORT FOR MUTUAL INSURANCE COMPANIES; INTERNET/TECHNOLOGY SERVICES; AND BENEFIT PROGRAMS FOR MEMBER COMPANY EMPLOYEES. LEGISLATIVE/REGULATORY TRACKING AND COMPLIANCE 30,996 ADMINISTRATIVE/MANAGEMENT, MARKETING, ADVERTISING AND TECHNOLOGY SERVICES (WEBSITE DESIGN/HOSTING), CLAIMS ARBITRATION AND OTHER PRODUCTS AND SERVICES TO NAMIC MEMBERS AND THE INDUSTRY (THROUGH OVERSIGHT AND MANAGEMENT OF NAMIC SERVICE CORPORATION - NSC). 2,713,764 INSURANCE BROKERAGE AND AGENCY SERVICES TO NAMIC MEMBERS (THROUGH OVERSIGHT AND MANAGEMENT OF NAMIC INSURANCE AGENCY - NIA). 1,554,927 PROFESSIONAL LIABILITY INSURANCE PRODUCTS (D&O; ICPL; FIDELITY; AGENTS E&O) TO NAMIC MEMBERS AND THEIR AGENTS (THROUGH CONTROL OF NAMIC INSURANCE COMPANY - NAMICO). 10,529,727 WELFARE BENEFIT PRODUCTS (LIFE, DISABILITY, VISION AND DENTAL - EXCEPTED BENEFITS) TO NAMIC MEMBER COMPANIES AND THEIR EMPLOYEES (THROUGH SPONSORSHIP AND ADMINISTRATIVE SUPPORT FOR THE NAMIC GROUP INSURANCE TRUST). 2,046,652 DEFINED BENEFIT AND DEFINED CONTRIBUTION PLAN PROGRAMS TO NAMIC MEMBERS AND THEIR EMPLOYEES (THROUGH SPONSORSHIP AND ADMINISTRATIVE SUPPORT FOR THE NAMIC MASTER RETIREMENT TRUST-A MULTIEMPLOYER PLAN AND TRUST). 4,223,280 false false false true false false false false false false true false false true true false true false false false false false false false false false false false true false false false false false false false false false false false true false false true 86 0 121 true true true false false false false false X 19 19 false false false false true true true true true false true true true true true true true true true true false IN X GREGG DYKSTRA 3178755250 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 CHRISTOPHER P TAFT SECRETARY/TR 2.00 X X 0 0 0 PAUL G STUEVEN CHAIRMAN 2.00 X X 0 0 0 JOHN J BISHOP PAST CHAIRMA 2.00 X 0 0 0 STUART C HENDERSON IMMED PAST C 2.00 X 0 0 0 PAUL EHLERT VICE CHAIRMA 2.00 X X 0 0 0 STEVEN D LINKOUS CHAIRMAN- EL 2.00 X X 0 0 0 DANIEL W DEARMENT DIRECTOR 2.00 X 0 0 0 JOSEPH E DIETRICH DIRECTOR 2.00 X 0 0 0 HENRY R GIBBEL DIRECTOR 2.00 X 0 0 0 KEVIN M MESKELL DIRECTOR 2.00 X 0 0 0 LINDA J DAY DIRECTOR 2.00 X 0 0 0 ALAN KRAPF DIRECTOR 2.00 X 0 0 0 MICHAEL ALEXANDER DIRECTOR 2.00 X 0 0 0 KURT FOLEY DIRECTOR 2.00 X 0 0 0 RUSTY FRISINGER DIRECTOR 2.00 X 0 0 0 RICHARD SCHUMACHER DIRECTOR 2.00 X 0 0 0 CHARLES J SMITH DIRECTOR 2.00 X 0 0 0 GARY W THOMPSON DIRECTOR 2.00 X 0 0 0 ROBERT M ZAK DIRECTOR 2.00 X 0 0 0 CHARLES M CHAMNESS PRESIDENT & 40.00 9.00 X 803051 140000 142758 GREGG A DYKSTRA CH OPERATING 40.00 20.00 X 217974 160379 85255 JIMI GRANDE SEN VP-FED/P 40.00 X 342427 0 44922 NEIL ALLDREDGE SEN VP-STATE 40.00 X 266024 0 43361 MICHAEL ULMER VP-BUSINESS 40.00 37.50 X 0 174086 44312 DAVID MIDDLETON VP-FINANCE 40.00 27.00 X 0 164452 43618 ROBERT DETLEFSEN VP-PUBLIC PO 40.00 X 162769 0 26943 TERRY SUTTNER VP-MEMBERSHI 40.00 15.00 X 95087 63391 33942 KRISTEN SPRIGGS VP-MEMBER DE 40.00 0.50 X 148815 1503 22619 CATHY IMUS VP- PUBLIC A 2.00 X 129817 6864 15446 R LARRY BAILE ASSIST VP-SE 40.00 X 80511 0 61033 TIMOTHY SULLIVAN PRES. & CEO 40.00 X 0 276039 61120 THERESA SZWAST PRES. & CEO 40.00 X 0 165908 50913 JOSEPH THESING AST VP-STATE 40.00 X 162052 0 15850 IRICA SOLOMON POLITICAL DI 40.00 X 157129 0 20622 MICHELLE ROGERS DIR-FIN/REG 40.00 X 154850 0 18295 2720506 1152622 731009 29 false true false CREATIVE COMMUNITY CONNECTIONS INC 50 AUDUBON ROAD SUITE B WAKEFIELD MA 01880 EVENT PLANNING 471704 WILLOW MARKETING MGT INC 3590 N MERIDIAN ST NW 200 INDIANAPOLIS IN 46208 ADVERTISING 219055 CROSSROADS STRATEGIES LLC 1156 15TH ST NW STE 329 WASHINGTON DC DC 20005 ADVISORY 120000 3 MEMBERSHIP DUES 524298 9519497 9519497 EDUCATIONAL MEETINGS/SEMINARS 524298 1972560 1972560 CONVENTION 524298 1842623 1842623 PUBLICATIONS 524298 124016 124016 13458696 144407 144407 1831703 1869637 -37934 -37934 -37934 ADVERTISING INCOME 541800 24400 24400 MISCELLANEOUS REVENUE 900099 22168 22168 46568 13611737 13480864 24400 106473 2622685 3953880 107824 468002 372260 19874 22396 17640 538495 125775 286113 740991 500600 2577192 43805 DUES/REGSTRNS/CONTRBTNS 301128 SPECIAL PROJECTS 104393 SOFTWARE SUBSCRIPTION 69953 BOOKS/REFERENCE MATERIALS 58077 66893 12997976 0 0 0 178500 84319 1578904 1938924 1311596 1631098 332407 741363 3657858 3844671 4185403 4013055 15886 11244668 12269316 890669 888491 710306 676739 2146062 2695500 3747037 4260730 X 7497631 8008586 7497631 8008586 11244668 12269316 613761 -81105 -21701 X false true X true false false false false 9519497 713274 713274 713391 -117 NAMIC SERVICE CORPORATION 3046477 C NAMICO, INC. 573289 F NAMIC INSURANCE AGENCY 373862 C MARKET VALUE ADJUSTMENT 19427 F 4013055 PENSION LIABILITY 2695500 2695500 X SCHEDULE D, PAGE 3, PART X NAMIC IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. MANAGEMENT EVALUATES ALL SIGNIFICANT INCOME TAX POSITIONS THAT IT TAKES. FOR THE YEARS ENDED DECEMBER 31, 2015 AND DECEMBER 31, 2014, MANAGEMENT DOES NOT BELIEVE THAT IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. THE COMPANIES RECOGNIZE INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE. NO INTEREST OR PENALTIES HAVE BEEN ACCRUED OR CHARGED TO EXPENSE AS OF DECEMBER 31, 2015 AND DECEMBER 31, 2014 OR FOR THE YEARS THEN ENDED. THE FEDERAL AND INDIANA INCOME TAX RETURNS OF THE COMPANIES FOR 2014, 2013, 2012 ARE SUBJECT TO EXAMINATION BY THE TAXING AUTHORITY, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE TAX RETURNS WERE FILED. X X X X true true X X X X X X false true false CHARLES M CHAMNESS PRESIDENT & CEO 571530 140000 219273 12248 107488 35270 945809 140000 GREGG A DYKSTRA CH OPERATING OFFICER 157243 160379 59351 1380 74964 10291 303229 160379 JIMI GRANDE SEN VP-FED/POL AFFRS 289825 52307 295 21333 23589 387349 NEIL ALLDREDGE SEN VP-STATE/POLICY 230378 35311 335 22060 21301 309385 MICHAEL ULMER VP-BUSINESS DEVELOP 154724 19152 210 25652 18660 218398 DAVID MIDDLETON VP-FINANCE 150524 13401 527 30481 13137 208070 ROBERT DETLEFSEN VP-PUBLIC POLICY 149552 12434 783 26232 711 189712 TERRY SUTTNER VP-MEMBERSHIP 76402 63391 17924 761 19618 14324 129029 63391 KRISTEN SPRIGGS VP-MEMBER DEVLPMNT 137015 1503 11682 118 9621 12998 171434 1503 CATHY IMUS VP- PUBLIC AFFAIRS 129817 6864 15446 145263 6864 TIMOTHY SULLIVAN PRES. & CEO - NAMICO 235154 39875 1010 42361 18759 337159 THERESA SZWAST PRES. & CEO - NISS 153380 12509 19 35654 15259 216821 JOSEPH THESING AST VP-STATE AFFAIRS 159780 2075 197 15098 752 177902 IRICA SOLOMON POLITICAL DIRECTOR 140227 16785 117 7328 13294 177751 MICHELLE ROGERS DIR-FIN/REG POLICY 153695 575 580 3949 14346 173145 SCHEDULE J, PART III SCHEDULE J, PART I, LINE 4B: IN ORDER TO RETAIN EXECUTIVE MANAGEMENT, NAMIC CREATED NONQUALIFIED PLANS TO ADDRESS RETIREMENT PLAN LIMITATIONS FOR EXECUTIVE STAFF - A DEFINED BENEFIT "EXCESS" PLAN AND A DEFINED CONTRIBUTION "EXCESS" PLAN - SEPARATE UNFUNDED (NON-QUALIFIED) PLANS THAT PROVIDE A COMPARABLE BENEFIT FOR EXECUTIVE PAY IN EXCESS OF ANY QUALIFIED PLAN LIMIT. FORM 990 - ORGANIZATION'S MISSION NAMIC ORGANIZES AND LEADS ASSOCIATION MEMBER EFFORTS TO IMPROVE THE HEALTH AND PERFORMANCE OF THE PROPERTY CASUALTY INSURANCE THROUGH ITS GOVERNMENT AFFAIRS (ADVOCACY, LOBBYING, ISSUE MANAGEMENT, PUBLIC AFFAIRS, AND FEERAL AND STATE GRASSROOTS EFFORTS INCLUDING POLITICAL ACTION); EDUCATION/CERTFICATION (BOARD, EXECUTIVE, MANAGEMENT; TECHNICAL); AND INSURANCE BUSINESS SUPPORT SERVICES (PROFESSIONAL LIABILITY INSURANCE, COMPLIANCE, MARKETING SUPPORT AND EMPLOYEE BENEFIT PROGRAMS). NAMIC'S EFFORTS ARE DIRECTED THROUGH ITS 501(C)6 PARENT ORGANIZATION AND WITHIN RELATED SUBSIDIARIES AND OTHER ENTITIES AS DESCRIBED HEREIN. FORM 990, PAGE 2, PART III, LINE 4A LEADERSHIP/PARTICIPATION IN STATE/NATIONAL ADVOCACY COALITIONS/ASSOCIATIONS, BALLOT INITIATIVES, AMICUS BRIEFS, POLITICAL ACTION SUPPORT (THROUGH OVERSIGHT AND MANAGEMENT OF THE NAMIC ADVOCACY FUND). 1,058,532 FEDERAL AND STATE ELECTION CAMPAIGN CONTRIBUTIONS (THROUGH OVERSIGHT AND MANAGEMENT OF THE NAMIC PAC). 507,815 FORM 990, PAGE 2, PART III, LINE 4C LEGISLATIVE/REGULATORY TRACKING AND COMPLIANCE 30,996 ADMINISTRATIVE/MANAGEMENT, MARKETING, ADVERTISING AND TECHNOLOGY SERVICES (WEBSITE DESIGN/HOSTING), CLAIMS ARBITRATION AND OTHER PRODUCTS AND SERVICES TO NAMIC MEMBERS AND THE INDUSTRY (THROUGH OVERSIGHT AND MANAGEMENT OF NAMIC SERVICE CORPORATION - NSC). 2,713,764 INSURANCE BROKERAGE AND AGENCY SERVICES TO NAMIC MEMBERS (THROUGH OVERSIGHT AND MANAGEMENT OF NAMIC INSURANCE AGENCY - NIA). 1,554,927 PROFESSIONAL LIABILITY INSURANCE PRODUCTS (D&O; ICPL; FIDELITY; AGENTS E&O) TO NAMIC MEMBERS AND THEIR AGENTS (THROUGH CONTROL OF NAMIC INSURANCE COMPANY - NAMICO). 10,529,727 WELFARE BENEFIT PRODUCTS (LIFE, DISABILITY, VISION AND DENTAL - EXCEPTED BENEFITS) TO NAMIC MEMBER COMPANIES AND THEIR EMPLOYEES (THROUGH SPONSORSHIP AND ADMINISTRATIVE SUPPORT FOR THE NAMIC GROUP INSURANCE TRUST). 2,046,652 DEFINED BENEFIT AND DEFINED CONTRIBUTION PLAN PROGRAMS TO NAMIC MEMBERS AND THEIR EMPLOYEES (THROUGH SPONSORSHIP AND ADMINISTRATIVE SUPPORT FOR THE NAMIC MASTER RETIREMENT TRUST-A MULTIEMPLOYER PLAN AND TRUST). 4,223,280 FORM 990, PAGE 6, PART VI, LINE 6 NAMIC MEMBERS ELECT DIRECTORS AND APPROVE SIGNIFICANT TRANSACTIONS INVOLVING THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 7A DIRECTORS ARE ELECTED BY THE MEMBERSHIP AND MAY NOT BE REMOVED EXCEPT BY THE MEMBERS. THE OFFICER POSITIONS OF CHAIR ELECT, VICE CHAIR, AND SECRETARY/TREASURER REQUIRE THE VOTE OF THE MEMBERSHIP EACH YEAR AND MAY NOT BE REMOVED FROM OFFICE EXCEPT BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B CHANGES TO THE ARTICLES OF INCORPORATION REQUIRE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS MADE AVAILABLE TO ALL NAMIC BOARD MEMBERS FOR REVIEW AND COMMENT. THE AUDIT/FINANCE COMMITTEE OF THE BOARD IS AUTHORIZED TO APPROVE THE REPORT BEFORE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C THE DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE A DISCLOSURE EACH YEAR. IN ADDITION, DURING BOARD MEMBER ORIENTATIONS THERE IS A REVIEW OF THE CONFLICT/DISCLOSURE POLICY. THE BOARD AGENDA IS REVIEWED EACH QUARTER WITH THE EXPRESS PURPOSE OF IDENTIFYING POTENTIAL CONFLICTS INVOLVING DIRECTORS. INDIVIDUAL DIRECTORS WILL ABSTAIN FROM DISCUSSIONS AND VOTING ON ANY ITEM OR MATTER UNDER DISCUSSION WHICH PRESENTS THE APPEARANCE OF A CONFLICT. ALSO, THE CHAIRMAN OF THE BOARD IS AUTHORIZED TO IDENTIFY POTENTIAL CONFLICTS AND ADDRESS THEM ON HIS/HER OWN INITIATIVE. ANY IDENTIFIED CONFLICTS (AND RESULTING ABSTENTIONS) ARE NOTED IN THE MINUTES OF THE MEETING. FORM 990, PAGE 6, PART VI, LINE 15A RELEVANT SALARY SURVEYS ARE CONSULTED AND A MEMO IS PROVIDED TO THE COMPENSATION COMMITTEE REGARDING APPROPRIATE MARKET VALUE SALARY RANGES. THE COMMITTEE REVIEWS SALARIES ANNUALLY AND SETS THE PRESIDENT'S SALARY AND SETS UP BONUS PLANS. FORM 990, PAGE 6, PART VI, LINE 15B THE NAMIC COMPENSATION COMMITTEE REVIEWS THE ENTIRE COMPENSATION BUDGET FOR THE ASSOCIATION. INTERNALLY, HUMAN RESOURCES AND UPPER MANAGEMENT REVIEW AND ESTABLISH OFFICER AND KEY EMPLOYEE SALARIES. FORM 990, PAGE 6, PART VI, LINE 19 NAMIC MAKES ALL REQUIRED DOCUMENTS AVAILABLE TO ITS MEMBERS AND TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9 EQUITY IN INCOME OF AFFILIATES -3,673 CURRENT YEAR INCOME FROM SUBSIDIARIES 492,277 RECOGNITION OF PERIODIC PENSION COST -510,305 TOTAL -21,701 NAMIC GROUP INSURANCE TRUST PO BOX 68700 INDIANAPOLIS IN 46268 351545846 BENEFITS IN 501C9 NAMIC INC false NTL ASSOC OF MUTUAL INSUR CO ADMIN FD - 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 743030312 PAC SUPPOR IN 527 NAMIC INC false NTL ASSOC OF MUTUAL INSUR CO MASTER RETIREMENT TR - 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 356220207 BENEFITS IN 501A NA false NTL ASSOC OF MUTUAL INSUR CO PAC 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 351768626 PAC SUPPOR IN 527 NA false NAMIC SERVICE CORPORATION 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 351176317 MGMNT-INS. IN NAMIC INC C CORP 760669 9048186 1.00000 false NAMIC INSURANCE AGENCY 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 351469772 INSURANCE IN NSC C CORP false NAMIC INSURANCE COMPANY INC PO BOX 68700 INDIANAPOLIS IN 46268 351701158 INSURANCE IN NA C CORP -7901 1219031 0.02180 false false false false false false false false false false false true false false true true true true false false NAMIC SERVICE CORPORATION K 348161 COST NAMIC SERVICE CORPORATION O 244883 COST NTL INDEPENDENT STATISTICAL SERVICE Q 1666300 COST NAMIC INSURANCE COMPANY INC Q 2071589 COST NAMIC ADVOCACY FUND P 353411 COST NAMIC GROUP INSURANCE TRUST P 201130 COST NAMIC SERVICE CORPORATION P 1051119 COST