SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2020
Open to Public
Inspection
Name of the organization
INSURANCE FRAUD BUREAU OF MASSACHUSETTS
 
Employer identification number

04-3107028
Return Reference Explanation
Form 990, Part VI, Section A, Line 7a The Governing Committees of the Automobile Insurers Bureau of Massachusetts and the Workers Compensation Rating and Inspection Bureau of Massachusetts have the authority to each appoint five members of the Insurance Fraud Bureau's Board of Governors. The remaining five Board of Governors seats are filled by public officials as required by statute.
Form 990, Part VI, Section B, Line 11b The Form 990 was prepared by the Accounting Manager and reviewed in detail by the Executive Director and Vice President, Administration.
Form 990, Part VI, Section B, Line 12c Each officer, employee and Board of Governors representative annually reviews the conflict of interest policy, agrees to comply with its terms and disclose any personal or financial interest in IFB transactions and the actions taken to manage any conflict of interest or appearance of impropriety. The IFB will annually review the adequacy of this policy and consistently enforce compliance with its requirements. The IFB will maintain records of the individuals who have a financial interest in IFB transactions and the actions taken to manage any conflict of interest or appearance of impropriety.
Form 990, Part VI, Section B, Line 15 Prior to March 1, 2020 the compensation of the Executive Director was fully paid by an affiliated organization, the Automobile Insurers Bureau of Massachusetts, and was determined by the Governing Committee of that organization. Starting March 1, 2020, the Insurance Fraud Bureau of Massachusetts directly employed an Executive Director with his compensation established by the Board of Governors.
Form 990, Part VI, Section C, Line 19 The IFB makes all of it's Board of Governors records, conflict of interest policy and financial statements available to the Automobile Insurers Bureau of MA and Workers' Compensation Rating and Inspection Bureau of MA. No documents are available to the general public.
Form 990, Part VII, Section A, Line 1a Part VII-A, Line 18, Col. (B)-50% of Mr. Simon's weekly hours are allocated to the Automobile Insurers Bureau of MA. Part VII-A, Line 26 (Continuation Statement), Col. (B)-30% of Mr. Johnston's weekly hours are allocated to the Automobile Insurers Bureau of MA.
Form 990, Part XI, Line 9 The amount includes $602,638 for the reapportionment of current year excess of expenses over income.
Form 990, Part XII, Line 2c Part XII-Line 2c - An audit committee appointed by the Board of Governors has responsibility for oversight of the conduct and reporting of the results of the annual financial audit.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2020


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