2024-07-30T05:31:35-07:00 2023-12-31 222264838 Jump Perry and Company LLP 12 Lexington Avenue Toms River NJ 08753 990 2023-01-01 222233048 INSURANCE COUNCIL OF NJ INC INSU 6093930025 15 W FRONT STREET TRENTON NJ 08608 CHRISTINE O'BRIEN President 2024-07-25 true true KATHRYN PERRY CPA P00044857 7322407377 2023 2024-08-08 14:25:15Z 15 W FRONT STREET TRENTON NJ 08608 918406 false X WWW.ICNJ.ORG X 1977 NJ TO CREATE A POSITIVE IMAGE AND UNDERSTANDING OF THE PROPERTY/CASUALTY INSURANCE BUSINESS AND TO PROMOTE A POSITIVE BUSINESS ENVIRONMENT THROUGH EDUCATION, PUBLIC INFORMATION AND COMMUNICATION. 21 21 5 0 0 812738 864318 35132 46318 7770 847870 918406 0 0 556622 598189 0 0 235881 191467 792503 789656 55367 128750 1686229 1779021 422744 361962 1263485 1417059 THE INSURANCE COUNCIL OF NEW JERSEY IS AN INSURANCE RESEARCH, INFORMATION AND ADVOCACY ORGANIZATION FORMED TO CREATE A POSITIVE IMAGE AND UNDERSTANDING OF THE PROPERTY/CASUALTY INSURANCE BUSINESS AND TO PROMOTE A POSITIVE BUSINESS ENVIRONMENT THROUGH EDUCATION, PUBLIC INFORMATION AND COMMUNICATION. false false 225266 INCLUDES MEMBER DUES, CONTINUING EDUCATION AND OTHER.OUR MISSION IS TO EDUCATE POLICY-MAKERS ON HOW LEGISLATION AND REGULATION AFFECT THE INDUSTRY. SEMINARS HELP WITH THAT EDUCATION. WE ALSO EDUCATE OURSELVES AS THE CHANGING LAWS AND REGULATIONS. ICNJ MEMBERSHIP COMMUNICATIONS HELP MEET THIS GOAL. 225266 false false false true false false false false false true true false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 3 0 true 5 true false false false false false false false false X 21 21 false false false false false false false true true false false false true true true true true true true false X CHRISTINE O'BRIEN 6098824400 15 W FRONT STREET 2ND FLOOR TRENTON NJ 08608 CHRISTINE O'BRIEN President 40.00 0.00 X 244713 0 7382 GARY R LASPISA II Vice President 40.00 0.00 X 110606 0 3547 TINNA QUIGLEY BOARD MEMBER 1.00 0.00 X 0 0 0 MELISSA MCGRATH BOARD MEMBER 1.00 0.00 X 0 0 0 RICHARD CHICHESTER BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN ROGERS BOARD MEMBER 1.00 0.00 X 0 0 0 W LESTER BOSWELL III BOARD MEMBER 1.00 0.00 X 0 0 0 KAREN HARDWICK BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN MILETTI BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN CERRONE BOARD MEMBER 1.00 0.00 X 0 0 0 THOMAS HYMAN BOARD MEMBER 1.00 0.00 X 0 0 0 CRISTINA PASQUALE BOARD MEMBER 1.00 0.00 X 0 0 0 SHAWN M KAIN BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL GEESER BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN A TAYLOR ESQ BOARD MEMBER 1.00 0.00 X 0 0 0 ANDREW FORSTENZER BOARD MEMBER 1.00 0.00 X 0 0 0 JEREMY EISEMANN BOARD MEMBER 1.00 0.00 X 0 0 0 HARRIS BERENSON BOARD MEMBER 1.00 0.00 X 0 0 0 JEFFREY BECK BOARD MEMBER 1.00 0.00 X 0 0 0 BO GILBERT BOARD MEMBER 1.00 0.00 X 0 0 0 ADAM KERNS BOARD MEMBER 1.00 0.00 X 0 0 0 355319 10929 2 false true false 0 0 HOST SEMINARS 611430 47912 47912 MEMBERSHIP DUES 900099 816406 816406 864318 46318 46318 0 0 0 0 0 0 0 REALIZED GAIN 7770 7770 7770 918406 918406 0 0 0 0 355319 71064 284255 0 134890 26978 107912 13627 2725 10902 61264 12253 49011 33089 6618 26471 0 0 6200 6200 42000 42000 0 0 8099 8099 0 9486 9486 0 0 0 38 38 0 0 2351 2351 0 25580 1482 24098 3602 3602 INDUSTRY AND GOVERNMENT 30572 30572 HOST PROJECT 20431 20431 Vehicle expenses 13350 13350 communications 12610 12610 17148 11143 6005 789656 225266 564390 0 0 171145 187238 0 25 1050 0 0 0 0 6784 21942 107467 101332 3392 6135 0 1454212 1524577 0 0 50671 38079 1686229 1779021 14729 9988 345400 322450 62615 29524 422744 361962 X 1263485 1417059 1263485 1417059 1686229 1779021 128750 24824 X false true X true false false false false false 816406 42000 42000 204102 19500 19500 87967 81832 6135 6135 1524577 401k Payable 1708 FINANCE LEASE LIABILITY 24126 FSA MEDICAL 3690 29524 X 943230 24824 24824 918406 918406 789656 789656 789656 Part X : FIN48 Footnote The Organization is exempt from federal income taxes under Section 501(c)(6) of the Internal Revenue Code, except on net income derived from unrelated business activities. The Organization does not have business activities currently subject to tax on unrelated business income. The Organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Organization currently does not have any open tax years before December 31, 2020. X X false false false CHRISTINE O'BRIEN President 244713 7382 252095 Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT OF THE ORGANIZATION. Form 990, Part VI, Section B, Line 12c THE ICNJ CONFLICT OF INTEREST POLICY IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS AT THE MARCH MEETING. EACH MEMBER OF THE BOARD SIGNS AN AFFIRMATION OF RECEIPT OF THE POLICY IN WHICH THEY "AGREE TO COMPLY BY THE TERMS OF THE POLICY." Form 990, Part VI, Section B, Line 15a OFFICERS OF THE BOARD OF DIRECTORS AND EXECUTIVE COMMITTEE DO NOT RECEIVE ANY COMPENSATION. THE SELECTION COMMITTEE DETERMINES THE COMPENSATION OF THE PRESIDENT OF THE ORGANIZATION. THEIR POWER IS GIVEN TO THEM BY THE BOARD. THE VICE PRESIDENT'S COMPENSATION IS DETERMINED BY THE PRESIDENT IN CONSULTATION WITH THE EXECUTIVE COMMITEE. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO PUBLIC THROUGH FILING A REQUEST THROUGH ORGANIZATION.