Overview
What is Insurance Institute For Highway Safety?
The Insurance Institute for Highway Safety (IIHS) is a nonprofit, scientific and educational organization based in Arlington, Virginia. Their mission is to identify and evaluate methods of reducing the human and economic losses resulting from motor vehicle crashes. Through extensive research, IIHS focuses on various aspects, including the human factors related to teenage drivers, alcohol-impaired driving, truck driver fatigue, seat belt use, and the physical environment. The organization communicates its findings to the public, government bodies, vehicle manufacturers, insurers, and the research community, aiming to promote vehicle and highway safety. IIHS is staffed by 104 employees.
Official website here: www.iihs.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Insurance Institute For Highway Safety (IIHS) has received a commendable rating of 96%, indicating strong performance in accountability and finance. This score is derived entirely from its accountability metrics, showcasing the organization's commitment to transparency and responsible financial practices. Their independent board structure is noteworthy, comprising 96% independent members, which reflects a robust governance model.
The IIHS exhibits excellent financial health, as evidenced by high scores in several key areas, including a program expense ratio of 87.65%. This suggests that a significant majority of their funding is directed towards their core mission of improving road safety. Additionally, their comprehensive policies, such as conflict of interest and whistleblower protections, further enhance their credibility and integrity.
While the IIHS appears to excel in its operations and governance, potential donors and stakeholders may consider the overall impact of their programs in relation to the resources invested. Nevertheless, their high accountability score and proactive financial management make them a trustworthy organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Insurance Institute For Highway Safety legitimate?
Insurance Institute For Highway Safety is a legitimate nonprofit organization registered as a 501(c)(3) entity. Insurance Institute For Highway Safety 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: $2,076,472
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,988,010
For more financial information, click here
Official website here: www.iihs.org
What is the mission statement of Insurance Institute For Highway Safety?
The Insurance Institute for Highway Safety is a nonprofit, scientific and educational organization. Its mission is to identify and evaluate methods to minimize human and economic losses caused by motor vehicle crashes. The institute conducts research and shares its findings with various stakeholders, including federal, state, and local highway and vehicle safety officials, vehicle manufacturers, insurers, the media, the research community, and others. Through its research, the Insurance Institute for Highway Safety aims to reduce the impact of motor vehicle crashes and improve road safety. By communicating the results of its research, the institute helps inform decisions and policies that prioritize highway safety.
Official website here: www.iihs.org
Who is the CEO of Insurance Institute For Highway Safety?
Michael D Fagin is the Chairman of Insurance Institute For Highway Safety.
Official website here: www.iihs.org
What is the revenue of Insurance Institute For Highway Safety?
Insurance Institute For Highway Safety's revenue in 2022 was $32,818,452.
Official website here: www.iihs.org
Who are the executives of Insurance Institute For Highway Safety and what are their salaries?
The average compensation at Insurance Institute For Highway Safety during 2022 was $106,389. There are 104 employees at Insurance Institute For Highway Safety.
Here are 41 key members and their salaries:
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Official website here: www.iihs.org
Where can I find the form 990 for Insurance Institute For Highway Safety?
Insurance Institute For Highway Safety's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iihs.org
Learn more at the official website: www.iihs.org
Mission Statement of Insurance Institute For Highway Safety
The Insurance Institute for Highway Safety (IIHS) is a prominent, independent, nonprofit organization dedicated to scientific and educational pursuits. Committed to reducing the human and economic losses caused by motor vehicle crashes, IIHS conducts research and disseminates its findings to various stakeholders.
IIHS serves as a crucial intermediary between research and implementation. It identifies effective solutions, evaluates their merits, and communicates the results to the public, federal, state, and local highway and vehicle safety officials, vehicle manufacturers, insurers, the media, the research community, and others. This multifaceted approach ensures the dissemination of valuable information that can lead to safer roads and vehicles.
In essence, the Insurance Institute for Highway Safety acts as a bridge between cutting-edge research and practical applications. By focusing on motor vehicle safety, IIHS helps to save lives and reduce the financial burden of traffic crashes. Its unwavering commitment to this mission has made it an influential voice in the transportation safety landscape.
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Impact
October, 2024
The Insurance Institute for Highway Safety (IIHS) plays a crucial role in enhancing road safety and reducing losses from motor vehicle crashes. By conducting in-depth research, the IIHS identifies and evaluates methods to prevent injuries and property damage related to vehicle use. Their work includes studying human factors, such as teenage driving behaviors and alcohol impairment, alongside examining environmental factors like roadway designs aimed at minimizing accidents.
The results of their research are disseminated to a broad audience, including the public, government officials, vehicle manufacturers, insurers, and the media. This information is vital for shaping policies, improving vehicle safety standards, and educating drivers about safe practices. The IIHS's evidence-based approach significantly contributes to the reduction of traffic-related injuries and fatalities, thereby promoting public safety on the roads.
This information is meant to be a general summary of Insurance Institute For Highway Safety. 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: $710,141
- Program Service Revenue: $32,041,760
- Gross Receipts: $40,963,941
Assets and Liabilities:
- Total Assets: $62,564,663
- Total Liabilities: $15,298,416
- Net Assets: $47,266,247
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS
Revenue
$27,908,725
TEST VEHICLE REIMBURSEMENTS
Revenue
$2,640,891
TEST VEHICLE SALVAGE AND AUCTION
Revenue
$1,429,184
HEADLIGHT TESTING
Revenue
$62,960
Organization Details
Founding Year
1959
Phone
(703) 247-1500Principal Officer
Michael D Fagin
Main Address
4121 WILSON BOULEVARD 6TH FLOOR, ARLINGTON, VA, 22203
Website
www.iihs.orgNTEE Category
Code: M42Z - Public safety
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