INSURANCE RESEARCH COUNCIL

As filed

Subsection

06

Street

720 PROVIDENCE ROAD

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• IRC primarily conducts three types of research to suit the needs of the insurance industry and the general public. Public Opinion Surveys: IRC regularly conducts nationwide probability sample surveys, both in-home and telephone, to obtain timely public opinion information on critical issues that affect insurance companies, their policyholders, and the society at large. For example, the Council has conducted Public Attitude Monitor (PAM) surveys, measuring public attitudes and beliefs on a wide range of topics related to risk and insurance. Topics vary but the report surveys public attitudes on issues such as insurance fraud, earthquake insurance, the cost of auto insurance, drinking and driving, speed limits, traffic safety, workers' compensation, attorney advertising, and auto insurance rating systems. Analysis of Insurance Statistical Experience: IRC performs analysis on data compiled by licensed statistical agents (ISO, National Association of Independent Insurers, NISS) to examine the statistical experience of property-casualty insurers and to reveal patterns in insurance claims. For example, the Council undertook a study to examine the latest trends in injury and property damage claims associated with auto accidents. It analyzed claim frequency, severity and average loss cost for each state over time, as well as comparative data on every rating territory in the U.S. It also utilized new means of comparing the costs associated with the various automobile insurance compensation systems in place in the states and demonstrated the connection between cost increases and premium increases. Close Claim Studies: IRC conducts a national closed claim study on auto injuries. It investigates major changes in the number and kinds of injuries being reported in automobile crashes in the U.S., the kinds and amounts of medical treatment obtained by injured persons, the insurance payments received, and the cost of providing auto insurance to vehicle owners.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $572,405

  Expenses

  $1,161,862

  Contributions

  $0

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files