BUSINESS INSURANCE FOUNDATION INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
BUSINESS INSURANCE FOUNDATION INC (EIN 46-4411779)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-02-24
IRS object ID
201600569349300100
Schema version
2015v2.1
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)
Return2016-02-24T23:39:05-06:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

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 Begin2015-01-01TaxPeriodBeginDt

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
Signature2016-02-25SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAMY HASS EAPreparerPersonNm
PTINP01249282PTIN
Phone9174885314PhoneNum
Preparation2016-02-25PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerADAM POTTERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1171 WEST 71ST STREET 12TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$248,350GrossReceiptsAmt
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 Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$248,059PYContributionsGrantsAmt
CY Contributions Grants$248,350CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$248,059PYTotalRevenueAmt
CY Total Revenue$248,350CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$60,000PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$62,071CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$93,069PYOtherExpensesAmt
CY Other Expenses$94,449CYOtherExpensesAmt
PY Total Expenses$153,069PYTotalExpensesAmt
CY Total Expenses$156,520CYTotalExpensesAmt
PY Revenues Less Expenses$94,990PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$91,830CYRevenuesLessExpensesAmt
Total Assets BOY$94,990TotalAssetsBOYAmt
Total Assets EOY$186,820TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$94,990NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$186,820NetAssetsOrFundBalancesEOYAmt
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
Expense$67,641ExpenseAmt
Revenue$248,350RevenueAmt
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

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$1,800ExpenseAmt
DescCONTRIBUTION TO PATRIOTIC HEARTS.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$1,800TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$69,441TotalProgramServiceExpensesAmt
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 Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
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 Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
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 AddressYes (true)OfficerMailingAddressInd
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 (18 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
LAURA CORNISH
V.PRES20.00Yes (X)Yes (X)$60,000$0$0
SUSAN WISBEY-SMITH
INTERIUM DIR10.00Yes (X)$2,071$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
PETER VOGT
DIRECTOR0.25Yes (X)$0$0$0
CHRIS CARUCCI
DIRECTOR0.25Yes (X)$0$0$0
STEVE SCHUMACHER
DIRECTOR0.25Yes (X)$0$0$0
CINDY POWERS
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
SEAN BURGESS
DIRECTOR0.25Yes (X)$0$0$0
STEVE JOHNSON
DIRECTOR0.25Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$62,071TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$248,350AllOtherContributionsAmt
Total Contributions$248,350TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$248,350TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$62,071TotalAmt
Management And General$62,071ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$19,400TotalAmt
Management And General$19,400ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,808TotalAmt
Management And General$3,808ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$69,441TotalAmt
Program Services$69,441ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$136TotalAmt
Management And General$136ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,115TotalAmt
Management And General$1,115ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$349TotalAmt
Management And General$349ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$200TotalAmt
Management And General$200ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$156,520TotalAmt
Program Services$69,441ProgramServicesAmt
Management And General$87,079ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$94,990BOYAmt
EOY$186,820EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$94,990BOYAmt
EOY$186,820EOYAmt

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$94,990BOYAmt
EOY$186,820EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$94,990BOYAmt
EOY$186,820EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$94,990BOYAmt
EOY$186,820EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$91,830ReconcilationRevenueExpnssAmt
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 Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$248,059CurrentTaxYearMinus1YearAmt
Current Tax Year$248,350CurrentTaxYearAmt
Total$496,409TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$248,059CurrentTaxYearMinus1YearAmt
Current Tax Year$248,350CurrentTaxYearAmt
Total$496,409TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$496,409PublicSupportTotal170Amt
Total Support$496,409TotalSupportAmt
Public Support CY1701.00000PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$248,059CurrentTaxYearMinus1YearAmt
Current Tax Year$248,350CurrentTaxYearAmt
Total$496,409TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$248,059CurrentTaxYearMinus1YearAmt
Current Tax Year$248,350CurrentTaxYearAmt
Total$496,409TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$496,409PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$248,059CurrentTaxYearMinus1YearAmt
Current Tax Year$248,350CurrentTaxYearAmt
Total$496,409TotalAmt
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 (6 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 2, PART III, LINE 4DCONTRIBUTION TO PATRIOTIC HEARTS.
FORM 990, PAGE 6, PART VI, LINE 9JOHN MCGANN 91 TURNING MILL RD CONCORD, MA 01742
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 67,641 0 0 PATRIOTIC HEARTS CONTRIBUTION 1,800 0 0

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