Overview
What is Arbitration Forums Inc?
Arbitration Forums Inc is a Florida-based nonprofit organization with a mission to serve the recovery and resolution needs of its insurance industry members through efficient and equitable dispute resolution. In 2022, they processed approximately 1.1 million insurance disputes and over 2.3 million subrogation demands, collectively worth more than $25.4 billion in claims. This cost-effective alternative to litigation helps members save on costs and avoid lengthy court battles. With a workforce of 198 employees, Arbitration Forums Inc remains dedicated to facilitating the resolution of insurance-related disputes and promoting the swift and fair disposition of claims.
Official website here: www.arbfile.org
Is Arbitration Forums Inc legitimate?
Arbitration Forums Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Arbitration Forums Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,742,794
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,404,096
For more financial information, click here
Official website here: www.arbfile.org
What is the mission statement of Arbitration Forums Inc?
Arbitration Forums Inc is committed to serving the recovery and resolution needs of its members through service, collaboration, and innovation. Their mission is to facilitate the efficiency and equitable disposition of insurance-related disputes, thus avoiding the costs and delays often associated with litigation. In 2022, the organization handled approximately 1.1 million disputes and over 2.3 million subrogation demands, collectively worth more than $25.4 billion in claims. These figures highlight the significant role Arbitration Forums Inc plays as a cost-effective alternative to litigation within the insurance industry.
Official website here: www.arbfile.org
Who is the CEO of Arbitration Forums Inc?
Seth Ingall is the Vice Chair of Arbitration Forums Inc. The CEO's salary of Arbitration Forums Inc is $890,747 and their total compensation is $1,077,987.
Official website here: www.arbfile.org
What is the revenue of Arbitration Forums Inc?
Arbitration Forums Inc's revenue in 2022 was $39,807,746.
Official website here: www.arbfile.org
Who are the executives of Arbitration Forums Inc and what are their salaries?
The average compensation at Arbitration Forums Inc during 2022 was $106,802. There are 198 employees and 10810 volunteers at Arbitration Forums Inc.
Here are 26 key members and their salaries (Arbitration Forums Inc's CEO's salary is $890,747 and their total compensation is $1,077,987):
- Compensation: $890,747
- Related: $0
- Other: $187,240
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $368,876
- Related: $0
- Other: $81,804
- Compensation: $362,477
- Related: $0
- Other: $72,558
- Compensation: $397,043
- Related: $0
- Other: $68,721
- Compensation: $331,887
- Related: $0
- Other: $78,644
- Compensation: $267,894
- Related: $0
- Other: $61,327
- Compensation: $195,546
- Related: $0
- Other: $64,925
- Compensation: $268,577
- Related: $0
- Other: $44,525
- Compensation: $190,935
- Related: $0
- Other: $48,068
- Compensation: $189,599
- Related: $0
- Other: $42,387
- Compensation: $202,126
- Related: $0
- Other: $23,612
- Compensation: $174,678
- Related: $0
- Other: $50,641
- Compensation: $176,552
- Related: $0
- Other: $22,975
Official website here: www.arbfile.org
Where can I find the form 990 for Arbitration Forums Inc?
Arbitration Forums Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arbfile.org
Learn more at the official website: www.arbfile.org
Mission Statement of Arbitration Forums Inc
Arbitration Forums Inc, a leading organization in the industry, is dedicated to facilitating the efficiency and equitable disposition of insurance-related disputes. By doing so, the organization aims to help its members save costs and avoid the delays associated with litigation. In the year 2022 alone, Arbitration Forums Inc handled approximately 1.1 million disputes and over 2.3 million subrogation demands, collectively worth over $25.4 billion in claims. These numbers underscore the significant role the organization plays in offering a cost-effective alternative to litigation for the insurance industry.
In pursuit of its mission, Arbitration Forums Inc provides valuable arbitration services. The organization's commitment to service, collaboration, and innovation is evident in its ability to efficiently manage a large volume of disputes. The arbitration process allows parties to resolve their differences through a neutral third party, ensuring a fair and impartial outcome. Moreover, this approach saves time and resources compared to the lengthy and expensive litigation process. By focusing on the needs of its members and prioritizing the resolution of disputes, Arbitration Forums Inc is indispensable to the insurance industry.
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Impact
October, 2024
Arbitration Forums Inc significantly impacts the insurance industry by providing a structured, efficient, and cost-effective alternative to litigation for resolving disputes. In 2022 alone, its members filed nearly 1.1 million disputes and over 2.3 million subrogation demands, collectively valued at over $25.4 billion. This immense volume underscores the organization’s role in facilitating the recovery and resolution needs of its members through service, collaboration, and innovation.
By focusing on the equitable disposition of insurance-related disputes, Arbitration Forums Inc helps to streamline the process, thereby avoiding the high costs and delays typically associated with litigation. This not only benefits the insurance companies involved but also enhances the overall efficiency of the dispute resolution landscape, ultimately leading to quicker resolutions for all parties involved. Their mission plays a crucial role in promoting fairness and efficiency in what can often be a complex and adversarial environment.
This information is meant to be a general summary of Arbitration Forums Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$798,975
- Program Service Revenue: $40,605,283
- Gross Receipts: $142,883,318
Assets and Liabilities:
- Total Assets: $90,772,943
- Total Liabilities: $14,053,546
- Net Assets: $76,719,397
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CASE FILING ASSESSMENT CHARGES
Revenue
$38,449,316
ADJOURNMENT FEES
Revenue
$1,290,288
FEES TO DEFER CASES
Revenue
$856,679
ARBITRATION APPEAL
Revenue
$9,000
Organization Details
Founding Year
1981
Phone
(813) 931-4004Principal Officer
Seth Ingall
Main Address
3820 NORTHDALE BOULEVARD 115, TAMPA, FL, 33624
Website
www.arbfile.orgNTEE Category
Code: I51Z - Crime
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