The Coalition Against Insurance Fraud
- Assets
- $1.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 52-1826084
Organization Overview
The Coalition Against Insurance Fraud is located in Washington, DC. The organization was established in 1994. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Coalition Against Insurance Fraud employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coalition Against Insurance Fraud 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 12/2022, Coalition Against Insurance Fraud generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 6.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMBAT ALL FORMS OF INSURANCE FRAUD, REDUCE COSTS FOR CONSUMERS AND INSURERS, AND PROMOTE FAIRNESS AND INTEGRITY IN THE INSURANCE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTREACH TO THE PUBLIC ON INSURANCE FRAUD, INCLUDING IN-PERSON PRESENTATIONS, SOCIAL MEDIA, INTERNET AND PUBLICITY IN NEWS MEDIA.
LEGISLATIVE ADVOCACY TO DEVELOP CONSENSUS ON MODEL BILLS AND WORK WITH CONSTITUIENTS IN STATE LEGISLATURES TO ENACT ANTI-FRAUD LEGISLATION AND REGULATION.
CONDUCT RESEARCH ON THE SEVERITY OF INSURANCE FRAUD AND THE EFFECTIVENESS OF PROGRAMS TO COUNTER IT SO POLICYMAKERS AND OTHERS CAN MAKE BETTER DECISIONS ON ANTI-FRAUD SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Smith Executive Di | Officer | 40 | $217,740 |
Michelle Rafeld Co-Chair | Officer | $0 | |
David J Rioux Co-Chair | OfficerTrustee | $0 | |
Heidi Krumenauer Treasurer | OfficerTrustee | $0 | |
Bill Newton Secretary | OfficerTrustee | $0 | |
Kate Gordon Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,235,895 |
| 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 | $1,235,895 |
| Total Program Service Revenue | $110,714 |
| Investment income | $54,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,395,628 |
| 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. | $236,708 |
| Compensation of current officers, directors, key employees. | $115,987 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $393,118 |
| Pension plan accruals and contributions | $5,383 |
| Other employee benefits | $25,256 |
| Payroll taxes | $42,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,024 |
| Fees for services: Accounting | $6,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,122 |
| Fees for services: Other | $157,451 |
| Advertising and promotion | $38,631 |
| Office expenses | $19,661 |
| Information technology | $6,450 |
| Royalties | $0 |
| Occupancy | $82,856 |
| Travel | $60,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $211,088 |
| Interest | $538 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,426 |
| Insurance | $11,098 |
| All other expenses | $1,233 |
| Total functional expenses | $1,329,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,553 |
| Savings and temporary cash investments | $48,739 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,819 |
| 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 | $6,388 |
| Net Land, buildings, and equipment | $23,756 |
| Investments—publicly traded securities | $715,093 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $425,356 |
| Total assets | $1,448,704 |
| Accounts payable and accrued expenses | $69,023 |
| Grants payable | $0 |
| Deferred revenue | $95,645 |
| 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 | $456,616 |
| Total liabilities | $621,284 |
| Net assets without donor restrictions | $827,420 |
| 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 | $1,448,704 |