Insurance Institute For Highway Safety
- Assets
- $62.6m
- Revenue
- $30.9m
- Investments
- $0.0
- Employees
- 101
- Location
- Arlington, VA
- Founding
- 01/1964
- Data as of
- 12/2021
- EIN
- 53-0246204
Organization Overview
Insurance Institute For Highway Safety is located in Arlington, VA. The organization was established in 1964. According to its NTEE Classification (M42) the organization is classified as: Automotive Safety, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2021, Insurance Institute For Highway Safety employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Insurance Institute For Highway Safety is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Insurance Institute For Highway Safety generated $30.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $29.3m during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O THE INSURANCE INSTITUTE FOR HIGHWAY SAFETY IS AN INDEPENDENT, NONPROFIT, SCIENTIFIC AND EDUCATIONAL ORGANIZATION. IT IDENTIFIES AND EVALUATES WAYS TO REDUCE THE HUMAN AND ECONOMIC LOSSES RESULTING FROM MOTOR VEHICLE CRASHES AND COMMUNICATES THE RESULTS OF THAT RESEARCH TO THE PUBLIC, FEDERAL, STATE, AND LOCAL HIGHWAY AND VEHICLE SAFETY OFFICIALS, VEHICLE MANUFACTURERS, INSURERS, THE MEDIA, THE RESEARCH COMMUNITY AND OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH PROJECTS: PROJECTS UNDERTAKEN TO IDENTIFY AND EVALUATE METHODS OF REDUCING THE PERSONAL INJURIES AND PROPERTY DAMAGE RESULTING FROM THE USE OF MOTOR VEHICLES. RESEARCH INCLUDES THE HUMAN FACTORS ASSOCIATED WITH TEENAGE DRIVERS, ALCOHOL-IMPAIRED DRIVING, TRUCK DRIVER FATIGUE,SEAT BELT USE AND OTHER AREAS. RESEARCH ABOUT THE PHYSICAL ENVIRONMENT INCLUDES, FOR EXAMPLE, ASSESSMENT OF ROADWAY DESIGNS TO REDUCE RUN-OFF-THE-ROAD CRASHES AND TO ELIMINATE ROADSIDE HAZARDS.
VEHICLE RESEARCH CENTER PROJECTS: ENGINEERING AND OTHER RESOURCE SUPPORT FOR VEHICLE RELATED RESEARCH PROJECTS AND VEHICLE CRASH TESTING TO EVALUATE THE ABILITY OF VEHICLES TO PROTECT THEIR OCCUPANTS IN FRONT, SIDE, REAR, AND ROLLOVER CRASHES. THE LATEST PROJECTS INCLUDE THE EVALUATION OF ELECTRONIC SYSTEMS DESIGNED TO ENHANCE VEHICLE CRASH AVOIDANCE CAPABILITIES.
COMMUNICATIONS PROJECTS: PROJECTS UNDERTAKEN TO DISSEMINATE INFORMATION TO THE PUBLIC CONCERNING MOTOR VEHICLE AND HIGHWAY RESEARCH DONE BY THE INSTITUTE AND BY OTHER ORGANIZATIONS INVOLVED IN MOTOR VEHICLE AND HIGHWAY SAFETY. THE INSTITUTE'S PUBLIC WEBSITE PROVIDES INFORMATION ON THE INSTITUTE'S RESEARCH AND ON THE INSTITUTE'S CRASH TESTING TO EVALUATE THE CRASHWORTHINESS OF VEHICLES, AS WELL AS ON NEW RESEARCH PERFORMED ON VEHICLE BASED CRASH AVOIDANCE SYSTEMS.
HIGHWAY LOSS DATA INSTITUTE (HLDI): HLDI IS A TAX-EXEMPT RESEARCH AND EDUCATIONAL ORGANIZATION. HLDI PERFORMS SCIENTIFIC STUDIES OF INSURANCE CLAIMS DATA ON MOTOR VEHICLE LOSSES AND PUBLISHES INSURANCE LOSS RESULTS BY VEHICLE MAKE AND MODEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Harkey President | OfficerTrustee | 36 | $643,510 |
Russell Rader Sr. Vice Pres | Officer | 45 | $279,385 |
David Zuby Executive V.P. - Vrc & Chi | Officer | 36 | $269,688 |
Charles Farmer Dir Statistical Serv | 35 | $223,090 | |
Joseph Nolan Sr. V.P. - Vrc & Chief Adm | Officer | 36 | $220,676 |
Pini Kalnite Dir Film & Media Ser | 35 | $216,603 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Korn Ferry Placement | 12/30/17 | $211,598 |
Foley & Landner Llp Legal | 12/30/17 | $653,923 |
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 | $30,232,202 |
| Investment income | $686,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,357 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,892,913 |
| 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. | $1,916,435 |
| Compensation of current officers, directors, key employees. | $202,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,544,494 |
| Pension plan accruals and contributions | $845,692 |
| Other employee benefits | $1,427,388 |
| Payroll taxes | $673,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,691 |
| Fees for services: Accounting | $75,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $707,211 |
| Information technology | $327,267 |
| Royalties | $0 |
| Occupancy | $591,019 |
| Travel | $51,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,192,083 |
| Insurance | $185,458 |
| All other expenses | $486,488 |
| Total functional expenses | $29,337,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,013,248 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,488 |
| 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 | $658,280 |
| Net Land, buildings, and equipment | $29,499,302 |
| Investments—publicly traded securities | $25,132,526 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,236,555 |
| Total assets | $62,581,399 |
| Accounts payable and accrued expenses | $405,937 |
| Grants payable | $0 |
| Deferred revenue | $3,904,991 |
| 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 | $9,322,950 |
| Total liabilities | $13,633,878 |
| Net assets without donor restrictions | $48,947,521 |
| 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 | $62,581,399 |
Endowment Analysis
| Beg. Balance | $1,012,521 |
| Net Contributions | $825,000 |
| Other Expense | $232,046 |
| Ending Balance | $1,605,475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Insurance Institute For Highway Safety Arlington, VA | $62,581,399 | $30,892,913 |
Automotive Coalition For Traffic Sa Fety Inc Leesburg, VA | $7,189,891 | $14,804,411 |
American Traffic Safety Services Assoc Inc Fredericksburg, VA | $15,180,268 | $8,818,535 |
Governors Highway Safety Association Ghsa Washington, DC | $9,639,746 | $5,191,852 |
Center For Auto Safety Inc Washington, DC | $1,103,032 | $328,420 |
Partners For Automated Vehicle Education Inc Mclean, VA | $408,482 | $679,051 |
Car Care Council Inc Bethesda, MD | $15,598,726 | $6,676,072 |
Roadway Safety Foundation Washington, DC | $649,744 | $504,112 |
Aded Inc Hickory, NC | $680,720 | $505,059 |
Motorcycle Safety League Of Virginia Inc Ashland, VA | $770,250 | $431,324 |
Auto Glass Safety Council Inc Garrisonville, VA | $209,996 | $238,026 |
The Crash Foundation Washington, DC | $356,320 | $265,026 |