EIN 23-2049143

Insurance Institute for Business & Home Safety

IRS 501(c) type
501(c)(3)
Num. employees
92
Year formed
1977
Most recent tax filings
2022-12-01
Description
IBHS conducts research to protect homes and businesses from natural hazards and causes of loss through tests and guidance.
Also known as...
Institute for Business and Home Safety; Ibhs
Total revenues
$23,871,382
2022
Total expenses
$18,073,681
2022
Total assets
$48,227,581
2022
Num. employees
92
2022

Program areas at Insurance Institute for Business & Home Safety

Research Center Projects: At the unique, world-class IBHS Research Center in South Carolina, IBHS conducts a variety of tests to examine the impact of wind, fire, hail, and wind-driven water on both residential and commercial structures. The multi-faceted research approach includes: full-scale testing of one- and two-story test specimens; physical testing of individual structural components and building systems; and, evaluation of existing/potential test methods and metrics. Transparent, objective research methodologies are utilized. Research Center staff coordinates and leverages Institute resources through partnerships with manufacturers, trade groups and other scientists and research organizations.
Product Development: IBHS has a robust communications function product development capability that builds upon our research capabilities. By translating technical research findings into guidance for homeowners and businesses. In this way, we work to motivate action by educating stakeholders about practical and cost-effective ways to increase the resilience of both residential and commercial structures. Each year, the Institute creates a substantial amount of original data and other types of content. This information is pushed outward to the public through IBHS member companies, via the IBHS Web site, and utilizing both digital and traditional media outlets. Costs associated with this work all fall within the IBHS annual budget's personnel, printing, graphics, and IT expense items. No revenue is generated by this work.
FORTIFIED Programs: IBHS has developed and promulgated a set of science-based, hazard-specific building design, repair, and retrofitting standards for residential and commercial construction. Further development of individual standards is ongoing, and IBHS is in the midst of working to scale up our hurricane standard for new and existing site-site built, manufactured, and modular homes - while maintaining quality control over the standard and designation process. Total expense for this work in 2022 was confined to the IBHS annual budget in the form of personnel, IT, and travel costs.

Personnel at Insurance Institute for Business & Home Safety

NameTitleCompensation
Roy WrightPresident and Chief Executive Officer$737,596
Pam LevenstoneChief Financial Officer and Treasurer$154,071
Alister WattChief Product Officer and Senior Vice President$352,560
Anne CopeChief Engineer and Senior Vice President$387,735
Christopher FlynnGeneral Manager , Research Center$198,574
...and 12 more key personnel

Financials for Insurance Institute for Business & Home Safety

RevenuesFYE 12/2022
Total grants, contributions, etc.$23,095,439
Program services$659,885
Investment income and dividends$226,976
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-123,922
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$13,004
Total revenues$23,871,382

Form 990s for Insurance Institute for Business & Home Safety

Fiscal year endingDate received by IRSFormPDF link
2022-122023-04-20990View PDF
2022-122023-04-04990View PDF
2021-122022-03-28990View PDF
2020-122021-05-20990View PDF
2019-122020-10-05990View PDF
...and 10 more Form 990s
Data update history
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 10 new personnel
June 10, 2023
Used new vendors
Identified 1 new vendor, including
May 14, 2023
Used new vendors
Identified 2 new vendors, including , and
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Mutual assistance organizationsTrade associationsBusiness and community development organizationsCharities
Issues
Science and technologyEducationHuman servicesPublic safetyPublic policyBusiness and industry
Characteristics
MembershipsManagement and technical assistanceTax deductible donations
General information
Address
5335 Richburg Rd
Richburg, SC 29729
Metro area
Charlotte-Concord-Gastonia, NC-SC
Website URL
disastersafety.org/ 
Phone
(803) 723-3600
Facebook page
disasterprep 
Twitter profile
@disastersafety 
IRS details
EIN
23-2049143
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1977
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Y02: Mutual and Membership Benefit Management and Technical Assistance
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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