International Claim Association
- Assets
- $1.6m
- Revenue
- $962.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/1944
- Data as of
- 12/2023
- EIN
- 11-6062801
Organization Overview
International Claim Association is located in Washington, DC. The organization was established in 1944. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is the central organization for a national or regional group of organizations. International Claim Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, International Claim Association generated $962.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $789.2k during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADDRESS BROAD RANGE OF LIFE, HEALTH AND DISABILITY CLAIM ISSUES AND PROVIDE A FORUM FOR INFORMATION EXCHANGE AND A PROGRAM OF EDUCATION. TO KEEP MEMBERSHIP INFORMED BY PROVIDING PUBLICATIONS AND HOLDING AN ANNUAL EDUCATION CONFERENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETING: PROVIDE OPPORTUNITY TO DISCUSS AND BRING TOGETHER HUNDREDS FROM NORTH AMERICA AND AROUND THE WORLD FOR WORKSHOPS, GENERAL SESSIONS, AND INFORMATIVE SEMINARS.
EDUCATION: PROVIDE PUBLICATIONS AND EXAMS TO PROMOTE EFFICIENCY, EFFECTIVENESS, AND HIGH STANDARDS OF PERFORMANCE IN CLAIM ADMINISTRATION.
COMMITTEES: PROVIDE FORUM FOR MEMBERS TO RESEARCH AND EXCHANGE IDEAS RELATING TO VARIOUS ASPECTS OF CLAIM ADMINISTRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Tomaselli CPA Flmi Past President | Trustee | 1 | $0 |
Adam Formus ESQ Alhc Rga President | OfficerTrustee | 1 | $0 |
Cindy Sumner Flmi Flhc Acs Secretary | OfficerTrustee | 1 | $0 |
Lindsey Lajoie MBA Treasurer | OfficerTrustee | 1 | $0 |
Chuck Angiolillo Director | Trustee | 1 | $0 |
Tina Marshall Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $927,979 |
| Investment income | $31,348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$912 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $962,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $296,936 |
| Fees for services: Legal | $4,335 |
| Fees for services: Accounting | $14,451 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,190 |
| Office expenses | $50,355 |
| Information technology | $33,626 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,937 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $293,518 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,732 |
| Insurance | $13,160 |
| All other expenses | $849 |
| Total functional expenses | $789,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $601,229 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,204 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $65,081 |
| Net Land, buildings, and equipment | $12,948 |
| Investments—publicly traded securities | $852,036 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,566,498 |
| Accounts payable and accrued expenses | $10,851 |
| Grants payable | $0 |
| Deferred revenue | $128,350 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,150 |
| Total liabilities | $142,351 |
| Net assets without donor restrictions | $1,424,147 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,566,498 |