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Nonprofiteer
← INSURANCE INDUSTRY CHARITABLE FOUNDATION INC

Form 990 for tax year 2023

Filed by INSURANCE INDUSTRY CHARITABLE FOUNDATION INC.

Totals

Total revenue
$6,425,441
Total expenses
$6,514,717
Contributions and grants received
$6,370,766
Grants paid
$3,198,961
Program service revenue
$0
Investment income
$54,675
Other revenue
$0
Total assets, end of year
$4,317,236
Total liabilities, end of year
$1,047,441
Net assets or fund balances, end of year
$3,269,795
Program services expenses (Part IX)
$5,685,777
Management and general expenses
$464,207
Fundraising expenses
$364,733
Program service expenses (Part III)
$5,685,777

Program services were 87.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $1,423,191

  • 1c · Fundraising events

    $4,434,363

  • 1f · All other contributions, gifts and grants

    $513,212

  • 3 · Investment income

    total $38,140 · excluded $38,140

  • 7a · Gross sales of assets other than inventory

    securities $648,562

  • 7b · Less cost or other basis and sales expenses

    securities $632,027

  • 7c · Gain or loss

    securities $16,535

  • 7d · Net gain or loss

    total $16,535 · excluded $16,535

  • 8a · Fundraising events: gross income

    $2,033,295

  • 8a · Fundraising events: contributions included on line 1c

    $4,434,363

  • 8b · Fundraising events: direct expenses

    $2,033,295

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,118,245 · program services $3,118,245

  • 3 · Grants to foreign organizations and individuals

    total $80,716 · program services $80,716

  • 5 · Compensation of officers, directors and key employees

    total $1,608,000 · program services $1,206,000 · management and general $225,120 · fundraising $176,880

  • 7 · Other salaries and wages

    total $435,178 · program services $326,383 · management and general $60,925 · fundraising $47,870

  • 8 · Pension plan contributions

    total $54,194 · program services $40,646 · management and general $7,587 · fundraising $5,961

  • 9 · Other employee benefits

    total $280,888 · program services $210,666 · management and general $39,325 · fundraising $30,897

  • 10 · Payroll taxes

    total $120,450 · program services $90,337 · management and general $16,863 · fundraising $13,250

  • 11c · Fees: accounting

    total $23,963 · program services $17,972 · management and general $3,355 · fundraising $2,636

  • 11g · Fees: other

    total $296,828 · program services $222,621 · management and general $41,556 · fundraising $32,651

  • 13 · Office expenses

    total $214,792 · program services $161,094 · management and general $30,071 · fundraising $23,627

  • 16 · Occupancy

    total $25,019 · program services $18,764 · management and general $3,503 · fundraising $2,752

  • 17 · Travel

    total $84,248 · program services $63,186 · management and general $11,795 · fundraising $9,267

  • 19 · Conferences, conventions and meetings

    total $12,015 · program services $9,011 · management and general $1,682 · fundraising $1,322

  • 23 · Insurance

    total $17,593 · program services $13,195 · management and general $2,463 · fundraising $1,935

  • 24a · Other expenses: EQUIPMENT/SOFTWARE

    total $99,309 · program services $74,482 · management and general $13,903 · fundraising $10,924

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $33,500 · program services $25,125 · management and general $4,690 · fundraising $3,685

  • 24c · Other expenses: MEALS

    total $9,779 · program services $7,334 · management and general $1,369 · fundraising $1,076

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,565,978 · end of year $1,475,330

  • 2 · Savings and temporary cash investments

    beginning of year $926,458 · end of year $927,768

  • 3 · Pledges and grants receivable

    beginning of year $147,387 · end of year $196,055

  • 9 · Prepaid expenses and deferred charges

    beginning of year $340,114 · end of year $419,999

  • 11 · Investments: publicly traded securities

    beginning of year $1,244,894 · end of year $1,298,084

  • 17 · Accounts payable and accrued expenses

    beginning of year $505,501 · end of year $179,810

  • 19 · Deferred revenue

    beginning of year $387,233 · end of year $412,001

  • 25 · Other liabilities

    beginning of year $0 · end of year $455,630

  • 27 · Net assets without donor restrictions

    beginning of year $3,182,097 · end of year $3,147,687

  • 28 · Net assets with donor restrictions

    beginning of year $150,000 · end of year $122,108

Mission and programs · 2023

Mission

THE INSURANCE INDUSTRY CHARITABLE FOUNDATION SEEKS TO HELP COMMUNITIES AND ENRICH LIVES BY COMBING THE COLLECTIVE STRENGTHS OF THE INDUSTRY TO PROVIDE GRANTS, VOLUNTEER SERVICE AND LEADERSHIP.

Activities or mission (Part I)

THE INSURANCE INDUSTRY CHARITABLE FOUNDATION SEEKS TO HELP COMMUNITIES AND ENRICH LIVES BY COMBING THE COLLECTIVE STRENGTHS OF THE INDUSTRY TO PROVIDE GRANTS, VOLUNTEER SERVICE, AND LEADERSHIP.

  • PROVIDE AND GENERATE SUPPORT FOR DESIGNATED CHARITABLE ORGANIZATIONS THAT HELP TO MEET CRITICAL COMMUNITY NEEDS IN THE FOCUS AREAS OF: CHILD ABUSE PREVENTION,EDUCATION& AWARENESS;DISASTER PREPAREDNESS &RESPONSE;EDUCATION& LITERACY PROGRAMS;AND HEALTH,SAFETY & HUMAN SERVICES.

    Expenses $5,685,777 · Grants $3,198,961

As filed on the 2023 return.

Listed in Part VII

  • DAVE ALBERTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • BRUCE BASSO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • BARBARA BUFKIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • LISA BUTERA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • JOE CONNELLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • KEN CRERAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • JOHN GAMBALE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • ROD HUGHES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • JODIE KAUFMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • SEAN KEVELIGHAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MATTHEW KIRK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • JEFF KROEGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • DAWN MILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MARC ORLOFF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • BRUCE SASSI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • RANDY TERMEER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • PETER J TUCKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • JOHN VASTURIA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • PAUL WHEATON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • JAMES WOODS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • SOPHIA YEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • HANK WATKINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • NANCY THOMAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • GARRETT KOEHN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • WILLIAM ROSS

    CEO

    Total calculated
    $465,000
    From this org
    $465,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    $165,000
    Other
    $0
    Deferred
    $0 + $13,950 related
    Nontaxable benefits
    $0
    Filer's total
    $465,000 + $13,950 related

  • ELIZABETH MYATT

    EXECUTIVE DIRECTOR

    Total calculated
    $290,000
    From this org
    $290,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,000
    Bonus
    $70,000
    Other
    $0
    Deferred
    $0 + $8,700 related
    Nontaxable benefits
    $0
    Filer's total
    $290,000 + $8,700 related

  • ALISA BREESE

    VP COMMUNICATIONS

    Total calculated
    $175,000
    From this org
    $175,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,000
    Bonus
    $40,000
    Other
    $0
    Deferred
    $0 + $5,250 related
    Nontaxable benefits
    $0
    Filer's total
    $175,000 + $5,250 related

  • ANNA PANOIAN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $180,000
    From this org
    $180,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,000
    Bonus
    $45,000
    Other
    $0
    Deferred
    $0 + $5,400 related
    Nontaxable benefits
    $0
    Filer's total
    $180,000 + $5,400 related

  • SARAH CONWAY

    EXECUTIVE DIRECTOR

    Total calculated
    $170,000
    From this org
    $170,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,000
    Bonus
    $45,000
    Other
    $0
    Deferred
    $0 + $5,100 related
    Nontaxable benefits
    $0
    Filer's total
    $170,000 + $5,100 related

  • KELLY HARTWEG

    EXECUTIVE DIRECTOR

    Total calculated
    $153,000
    From this org
    $153,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,000
    Bonus
    $30,000
    Other
    $0
    Deferred
    $0 + $4,590 related
    Nontaxable benefits
    $0
    Filer's total
    $153,000 + $4,590 related

  • MELISSA DUNCAN

    EXECUTIVE DIRECTOR

    Total calculated
    $175,000
    From this org
    $175,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,000
    Bonus
    $50,000
    Other
    $0
    Deferred
    $0 + $5,250 related
    Nontaxable benefits
    $0
    Filer's total
    $175,000 + $5,250 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
NON-FIXED PAYMENTS PROVIDED WILLIAM ROSS $18,000 (457)(B) & $35,000 (457(F)

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202441359349311389

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.