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EIN 74-2662845

Insurance Council of Texas (ICT)

IRS 501(c) type
501(c)(6)
Num. employees
16
City
Austin
State
Texas
Year formed
1991
Most recent tax filings
2022-12-01
NTEE code, primary
S41: Promotion of Business
Description
To promote the Texas property and casualty insurance industry by providing accurate and relevant information and resources to our members, regulators, the media and consumers, on issues of importance to the Texas insurance market.
Total revenues
$12,401,234
2022
Total expenses
$2,633,523
2022
Total assets
$28,147,609
2022
Num. employees
16
2022

Program areas at ICT

The organizations exempt purpose achievements include representing its members at hearings and in the regulatory process. It compiled data and provided its members with research and technical support. It served as an information clearinghouse and provided online, live and written education on the subjects of auto and property insurance. It informed consumers of various weather related events and how to connect with their insurance companies when in need after a weather event. The organization served 400 member companies and numerous non-members and consumers.

Grants made by ICT

GranteeGrant descriptionAmount
Insurance Council of Texas Education FoundationScholarships$27,000

Personnel at ICT

NameTitleCompensation
Paula HarmonCfocoo$164,072
Albert BettsExecutive Director$340,373
Rich JohnsonDirector of Communications$108,687
Angie DietzHuman Resources Manager$112,644
John StuckemeyerImmediate Past Chair$0
...and 4 more key personnel

Financials for ICT

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,211,097
Program services$120,100
Investment income and dividends$-4,250
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$241,511
Net gain from sale of non-inventory assets$-23,295
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$10,856,071
Total revenues$12,401,234

Form 990s for ICT

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-21990View PDF
2021-122022-08-30990View PDF
2020-122021-09-20990View PDF
2019-122021-10-14990OView PDF
2018-122020-06-11990OView PDF
...and 9 more Form 990s
Data update history
September 27, 2023
Updated personnel
Identified 3 new personnel
September 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 11, 2023
Used new vendors
Identified 2 new vendors, including , and
May 9, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Trade associationsBusiness and community development organizationsHeadquarter / parent organizations
Issues
EducationBusiness and industry
Characteristics
MembershipsPolitical advocacyState / local level
General information
Address
5508 W Hwy 290 Suite 100
Austin, TX 78735
Metro area
Austin-Round Rock-Georgetown, TX
Website URL
insurancecouncil.org/ 
Phone
(512) 444-9611
Facebook page
insurancecounciloftexas 
IRS details
EIN
74-2662845
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Central organization
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