National Insurance Crime Bureau
- Assets
- $82.1m
- Revenue
- $69.6m
- Investments
- $0.0
- Employees
- 439
- Location
- Oak Brook, IL
- Founding
- 12/1994
- Data as of
- 12/2023
- EIN
- 36-3776789
Organization Overview
National Insurance Crime Bureau, operating under the name Nicb, is located in Oak Brook, IL. The organization was established in 1994. According to its NTEE Classification (I20) the organization is classified as: Crime Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Nicb employed 439 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nicb is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Nicb generated $69.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $70.3m during the year ending 12/2023. While expenses have increased by 4.0% 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
TO LEAD A UNITED EFFORT OF INSURERS, LAW ENFORCEMENT AND REPRESENTATIVES (CONTINUED IN SCH O) OF THE PUBLIC TO PREVENT AND COMBAT INSURANCE FRAUD AND CRIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTIGATIONS - NICB'S INVESTIGATIVE EFFORTS PRODUCED 1,770 PROSECUTIVE ADMINISTRATIVE ACTIONS (PAA) RELATED TO MEDICAL FRAUD, 2,151 IN THE COMMERCIAL FRAUD SEGMENT, AND 3,173 IN THE ORGANIZED VEHICLE CRIME SEGMENT.
GEOSPATIAL IMAGERY - PROVIDED INSURANCE INDUSTRY AND FIRST RESPONDERS WITH GEOSPATIAL SUPPORT AND ANALYTICS THROUGHOUT 2023 CATASTROPHIC EVENTS. IN 2023, NICB PROVIDED LOCATION INFORMATION TO ASSIST GIC'S COLLECTION OF IMAGERY FOR 10 TORNADOS CAUSING DAMAGE THROUGHOUT THE SOUTHERN, MIDWEST, AND MID-ATLANTIC REGIONS OF THE UNITED STATES. NICB ALSO PROVIDED DIRECT SUPPORT TO EMERGENCY RESPONDERS, LAW ENFORCEMENT AND THE INSURANCE INDUSTRY THROUGHOUT 18 CATASTROPHES. OVERALL, IN 2023 NICB RESPONDED TO 18 CATASTROPHES, RESULTING IN THE PUBLICATION OF 18 EVENT ALERTS AND 128 ALERTS ON POTENTIAL FRAUD.
INTELLIGENCE & ANALYTICS - PUBLISHED 773 MEDAWARE ALERTS, DISSEMINATED 323 SUSPECT VEHICLE LEADS FOR INVESTIGATION AND POTENTIAL RECOVERY (63/20% REPORTED AS RECOVERED).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mcsheffrey Chair | Trustee | 2 | $0 |
Matthew C Murphy Vice Chair | Trustee | 2 | $0 |
Robert Bowers Member | Trustee | 2 | $0 |
Jeremy Connor Member | Trustee | 2 | $0 |
Timothy Constien Member (as Of 5/18/23) | Trustee | 2 | $0 |
Christopher Conti Member (thru 1/25/23) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Accenture Federal Services Data & Training Svc. | 12/30/23 | $700,578 |
Grant Thornton Llp Accounting Services | 12/30/23 | $136,937 |
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 | $68,272,615 |
| Investment income | $1,640,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$371,054 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,612,406 |
| 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. | $4,382,267 |
| Compensation of current officers, directors, key employees. | $202,509 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,823,869 |
| Pension plan accruals and contributions | $488,000 |
| Other employee benefits | $7,846,672 |
| Payroll taxes | $2,686,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,220 |
| Fees for services: Accounting | $116,158 |
| Fees for services: Lobbying | $1,011,827 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $111,147 |
| Fees for services: Other | $5,843,165 |
| Advertising and promotion | $197,895 |
| Office expenses | $1,376,907 |
| Information technology | $2,048,214 |
| Royalties | $0 |
| Occupancy | $1,407,132 |
| Travel | $958,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $474,344 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $302,931 |
| Insurance | $1,044,272 |
| All other expenses | $0 |
| Total functional expenses | $70,253,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,065 |
| Savings and temporary cash investments | $9,374,134 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,986,241 |
| 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 | $2,151,441 |
| Net Land, buildings, and equipment | $1,717,310 |
| Investments—publicly traded securities | $58,067,535 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,773,286 |
| Total assets | $82,072,012 |
| Accounts payable and accrued expenses | $7,442,396 |
| Grants payable | $0 |
| Deferred revenue | $83,796 |
| 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 | $21,861,827 |
| Total liabilities | $29,388,019 |
| Net assets without donor restrictions | $52,625,417 |
| Net assets with donor restrictions | $58,576 |
| 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 | $82,072,012 |