Insurance Institute for Business & Home Safety
Insurance Institute for Business & Home Safety
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About this organization
Mission
IBHS conducts research to help protect homes and businesses against various causes of loss.
About
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. Total expense for this work is approximately $4.4 million annually; partnerships with public, private and academic organizations brought in $4,000 of revenue to the Research Center, all of which was utilized for research conducted in conjunction with that specific partnership.
Interesting data from their 2020 990 filing
The filing outlines the non-profit's goal as “The insurance institute for business & home safety's mission is to conduct objective, scientific research to identify, evaluate and promote effective actions that strengthen homes, businesses and communities against natural hazards and other causes of loss.”.
When explaining its purpose, the activities were outlined as: “Ibhs conducts research to help protect homes and businesses against various causes of loss.”.
- As per legal reporting requirements, the state of operation for the non-profit is IL.
- The non-profit's address for 2020 is listed as 4775 E Fowler Ave, Tampa, FL, 33617 in the filing.
- As per the non-profit's form, they have 81 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $1,666,385.
- The organization has 27 independent voting members.
- The organization was formed in 1977.
- The organization pays $9,473,067 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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