{"success":true,"data":{"_id":320780293,"filings":[{"Organization":{"value":null,"Person":["PETER L MILLER","KATHERINE E HOROWITZ","JEFFREY A SCHEIDT"],"Title":["CEO","SECRETARY","TREASURER"],"Hours":[2.0,2.0,2.0],"Total Compensation":[244092,64978,69178],"Direct compensation":[0,0,0],"Other compensation":[244092,64978,69178]},"Basic":{"value":null,"mission":"Insurance research council (irc) is organized and shall be operated exclusively for not-for-profit and informational purposes for the benefit of its members and those involved or interested in the risk management and insurance industry.","year":2024,"name":"INSURANCE RESEARCH COUNCIL","phone":6106442100,"website":"WWW.INSURANCE-RESEARCH.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"PETER L MILLER","year_formation":2024,"state_legal_domicile":"DE","total_volunteers":32,"tax_period_begin":"2024-07-01T00:00:00","tax_period_end":"2024-12-31T00:00:00","address":"720 PROVIDENCE ROAD, MALVERN, PA, 19355, USA","city":"MALVERN","state":"PA","country":"USA","zip_code":19355},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":3,"Number of independent voting members":0,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":572405,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":572405,"Total revenue":572405,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":1161862,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":1161862,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":21380,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":1140482,"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":1161862,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":6978,"Non-interest bearing cash":0,"Savings and temp cash investments":0,"Pledges and grants receivable":0,"Accounts receivable":6978,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":596435,"Sum of Total Liabilities":0,"Accounts payable, accrued":596435,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":-589457,"Net assets without donor restriction":-589457,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":1.0,"percentile":0.9996999186356569},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-1.029790096173164,"percentile":0.040604653371455524},"Liabilities to Assets Ratio":{"score":85.47363141301233,"percentile":0.0009434920759775364},"Operating Reserve Ratio":{"score":0.006005876773661588,"percentile":0.02407432593968909},"Officer Compensation Ratio":{"score":0.32555329290397655,"percentile":0.164747378204261},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":0.0,"percentile":0.10798813433961453},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.4821837416110477,"percentile":0.27953998723697765}},"source_xml":"202543179349312559_public.xml"}],"Latest":{"Organization":{"value":null,"Person":["PETER L MILLER","KATHERINE E HOROWITZ","JEFFREY A SCHEIDT"],"Title":["CEO","SECRETARY","TREASURER"],"Hours":[2.0,2.0,2.0],"Total Compensation":[244092,64978,69178],"Direct compensation":[0,0,0],"Other compensation":[244092,64978,69178]},"Basic":{"value":null,"mission":"Insurance research council (irc) is organized and shall be operated exclusively for not-for-profit and informational purposes for the benefit of its members and those involved or interested in the risk management and insurance industry.","year":2024,"name":"INSURANCE RESEARCH COUNCIL","phone":6106442100,"website":"WWW.INSURANCE-RESEARCH.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"PETER L MILLER","year_formation":2024,"state_legal_domicile":"DE","total_volunteers":32,"tax_period_begin":"2024-07-01T00:00:00","tax_period_end":"2024-12-31T00:00:00","address":"720 PROVIDENCE ROAD, MALVERN, PA, 19355, USA","city":"MALVERN","state":"PA","country":"USA","zip_code":19355},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":3,"Number of independent voting members":0,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":572405,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":572405,"Total revenue":572405,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":1161862,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":1161862,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":21380,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":1140482,"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":1161862,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":6978,"Non-interest bearing cash":0,"Savings and temp cash investments":0,"Pledges and grants receivable":0,"Accounts receivable":6978,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":596435,"Sum of Total Liabilities":0,"Accounts payable, accrued":596435,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":-589457,"Net assets without donor restriction":-589457,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":1.0,"percentile":0.9996999186356569},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-1.029790096173164,"percentile":0.040604653371455524},"Liabilities to Assets Ratio":{"score":85.47363141301233,"percentile":0.0009434920759775364},"Operating Reserve Ratio":{"score":0.006005876773661588,"percentile":0.02407432593968909},"Officer Compensation Ratio":{"score":0.32555329290397655,"percentile":0.164747378204261},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":0.0,"percentile":0.10798813433961453},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.4821837416110477,"percentile":0.27953998723697765}},"source_xml":"202543179349312559_public.xml"},"sector":"","donation_categories":[],"zakat_policy":null},"error":null}