The Insurance Industry Charitable Foundation seeks to help communities and enrich lives by combining the collective strengths of the Industry to provide grants and volunteer service.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$2.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $229K a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.1M
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 30 voting members
Looks good: 30 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.1M
+16% vs prior year
Spent
$7.3M
To programs
81%
Net assets
$4.0M
By yearFY2020–FY2025
Revenue
$8.1M
FY2025▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.5M
FY2021$6.0M
FY2022$5.9M
FY2023$6.4M
FY2024$7.0M
FY2025$8.1M
Expenses
$7.3M
FY2025▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.2M
FY2021$5.5M
FY2022$5.9M
FY2023$6.5M
FY2024$7.2M
FY2025$7.3M
Net assets
$4.0M
FY2025▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$3.5M
FY2022$3.3M
FY2023$3.3M
FY2024$3.1M
FY2025$4.0M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $5.9M Management & general 6% · $460K Fundraising 13% · $955K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

37 people listed on the 990; $2.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
$810,801Pt VII · Sec A
Executive Director
$316,000Pt VII · Sec A
Chief Financial Officer
$202,000Pt VII · Sec A
VP Communications
$202,000Pt VII · Sec A
Executive Director
$200,000Pt VII · Sec A
Executive Director
$195,000Pt VII · Sec A
Executive Director
$177,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A

William Ross’s $811K as CEO is at the 100th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
William Ross$810,801$480,000$465,000$440,000$450,000$375,000
Elizabeth Myatt$316,000$308,000$290,000$280,000$283,003$251,003
Alisa Breese$202,000$196,000$175,000$155,000$152,600$130,600
Anna Panoian$202,000$196,000$180,000$160,000$152,600$128,600
Melissa Duncan$200,000$195,000$175,000$155,000$146,266$124,266
Sarah Conway$195,000$190,000$170,000$155,000$150,000—
Kelly Hartweg$177,000$168,000$153,000$137,000$138,558$126,158

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Insurance Industry Charitable Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Unites the insurance industry to provide grants, volunteer service, and leadership to local nonprofits focused on education, disaster response, and human services.

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Provided by the organization

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1 program · $5.9M · in their own filed words · FY2025
01

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.

$5.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$4K
Grants paid · 926 grants · $17.0M · 2020–2025
California Fire FoundationCA · FY2025$57,293
Women Rising INCNJ · FY2025$50,000
Table to Table INCNJ · FY2025$50,000
Reading PartnersCA · FY2025$50,000
Nancy Lieberman CharitiesTX · FY2025$50,000
Limb Kind Foundation INCNY · FY2025$50,000
Hartford Interval House INCCT · FY2025$50,000
Freedom House INCNJ · FY2025$50,000
Americas Grow a Row INCNJ · FY2025$50,000
Under 21NY · FY2025$50,000
TaskNJ · FY2025$50,000
Clean Ocean Action INCNJ · FY2025$50,000
See all 926 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$8.1M
Ln 12
Gifts and grantsLn 1h$7.8M
Other incomeLn 4–11$151K
Investment incomeLn 3$90K
Money outPt IX
$7.3M
Ln 25
Programscol B$5.9M
Managementcol C$460K
Fundraisingcol D$955K
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$5.0M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
37
listed · VII A
PaidVII A7
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.8M
Fundraising eventsLn 1c$5.4M
Investment incomeLn 3$90K
Other incomeLn 4–11$151K
Gains on assetsLn 7$42K
Total revenueLn 12$8.1M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$951K
Cash and savings togetherLn 1–2$2.5M
InvestmentsLn 11–13$1.8M
Total assetsLn 16$5.0M
LiabilitiesLn 26$1.0M
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 513
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$43K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.5M$2.5M
InvestmentsLn 11–13$1.4M$1.8M
Total assetsLn 16$4.4M$5.0M
LiabilitiesLn 26$1.3M$1.0M
Net assetsLn 32$3.1M$4.0M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.7M$3.7M
Grants and assistance to foreign recipientsLn 3$43K$43K
Pay of current officers, directors and key staffLn 5$2.1M$1.3M$273K$568K
Other salaries and wagesLn 7$71K$43K$9K$19K
Other employee benefitsLn 9$373K$224K$48K$101K
Payroll taxesLn 10$163K$98K$21K$44K
Accounting feesLn 11c$24K$15K$3K$7K
Other fees for servicesLn 11g$295K$177K$38K$80K
Office expensesLn 13$272K$163K$35K$73K
OccupancyLn 16$23K$14K$3K$6K
TravelLn 17$67K$40K$9K$18K
Conferences, conventions and meetingsLn 19$13K$8K$2K$3K
InsuranceLn 23$16K$10K$2K$4K
Other expenses (24a–d)Ln 24$116K$70K$15K$31K
Total functional expensesLn 25$7.3M$5.9M$460K$955K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $8.1M$7.3M$750K$4.0M 990 PDF
FY2024Filed with the IRS May 14, 2025 $7.0M$7.2M−$233K$3.1M 990 PDF
FY2023Filed with the IRS May 14, 2024 $6.4M$6.5M−$89K$3.3M 990 PDF
FY2022Filed with the IRS May 11, 2023 $5.9M$5.9M$8K$3.3M 990 PDF
FY2021Filed with the IRS May 11, 2022 $6.0M$5.5M$561K$3.5M 990 PDF
FY2020Filed with the IRS May 14, 2021 $5.5M$5.2M$374K$2.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $8,075,383 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,900,028$7,834,564
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $63,852$90,066
I-11 Other revenuePrior year $0$150,753
I-12 Total revenuePrior year $6,963,880$8,075,383
I-13 Grants and similar amounts paidPrior year $3,514,335$3,789,973
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,827,550$2,709,670
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $855,011$826,016
I-18 Total expensesPrior year $7,196,896$7,325,659
I-19 Revenue less expensesPrior year −$233,016$749,724
Part VI · Governance 30 of 30 board members independent, no flags
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,075,383 across 9 lines filed
VIII-1b Membership dues$1,721,203
VIII-1c Fundraising events$5,391,699
VIII-1f All other contributions, gifts and grants$721,662
VIII-1h Total contributions, gifts and grants$7,834,564
VIII-3 Investment incomeExcluded from tax $48,270$48,270
VIII-7 Net gain or loss on sales of assetsExcluded from tax $41,796$41,796
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $150,753$150,753
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $240,819$8,075,383
Part IX · Statement of functional expenses $7,325,659 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $3,747,301$3,747,301
IX-3 Grants and assistance to foreign recipientsPrograms $42,672$42,672
IX-5 Pay of current officers, directors and key staffPrograms $1,261,681 · Management $273,364 · Fundraising $567,756$2,102,801
IX-7 Other salaries and wagesPrograms $42,762 · Management $9,265 · Fundraising $19,243$71,270
IX-9 Other employee benefitsPrograms $223,655 · Management $48,459 · Fundraising $100,645$372,759
IX-10 Payroll taxesPrograms $97,704 · Management $21,169 · Fundraising $43,967$162,840
IX-11c Accounting feesPrograms $14,511 · Management $3,143 · Fundraising $6,530$24,184
IX-11g Other fees for servicesPrograms $176,765 · Management $38,299 · Fundraising $79,544$294,608
IX-13 Office expensesPrograms $163,244 · Management $35,369 · Fundraising $73,460$272,073
IX-16 OccupancyPrograms $14,062 · Management $3,047 · Fundraising $6,328$23,437
IX-17 TravelPrograms $40,162 · Management $8,702 · Fundraising $18,073$66,937
IX-19 Conferences, conventions and meetingsPrograms $7,643 · Management $1,656 · Fundraising $3,439$12,738
IX-23 InsurancePrograms $9,668 · Management $2,095 · Fundraising $4,350$16,113
IX-24 Other expenses (24a–d)Programs $69,555 · Management $15,071 · Fundraising $31,300$115,926
IX-25 Total functional expensesPrograms $5,911,385 · Management $459,639 · Fundraising $954,635$7,325,659
Part X · Balance sheet $5,010,231 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,529,531$1,551,410
X-2 Savings and temporary cash investmentsStart of year $929,632$951,153
X-3 Pledges and grants receivableStart of year $165,354$416,997
X-9 Prepaid expenses and deferred chargesStart of year $402,648$319,190
X-11 Publicly traded securitiesStart of year $1,416,953$1,771,481
X-16 Total assetsStart of year $4,444,118$5,010,231
X-17 Accounts payable and accrued expensesStart of year $231,103$559,098
X-19 Deferred revenueStart of year $545,834$379,901
X-25 Other liabilitiesStart of year $552,795$108,000
X-26 Total liabilitiesStart of year $1,329,732$1,046,999
X-27 Net assets without donor restrictionsStart of year $3,010,278$3,761,315
X-28 Net assets with donor restrictionsStart of year $104,108$201,917
X-32 Total net assets or fund balancesStart of year $3,114,386$3,963,232
X-33 Total liabilities and net assetsStart of year $4,444,118$5,010,231
Part XI · Reconciliation of net assets $3,963,232 net assets at year end
XI-1 Total revenue$8,075,383
XI-2 Total expenses$7,325,659
XI-3 Revenue less expenses$749,724
XI-4 Net assets at start of year$3,114,386
XI-5 Net unrealized gains (losses) on investments$99,122
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,963,232

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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