2024-11-13T04:50:45-00:00 2023-12-31 990 2023-01-01 742662845 INSURANCE COUNCIL OF TEXAS INSU 5124449611 5508 W Hwy 290 STE Suite 100 Austin TX 78735 Paula Harmon CFOCOO 5124449611 2024-11-11 false true 2023 2024-10-15 13:58:12Z Paula Harmon 5508 W Hwy 290 STE Suite 100 Austin TX 78735 2107782 false X www.insurancecouncil.org X 1991 TX The organizations mission and primary exempt purpose is to represent its member companies in the regulatory process and stay abreast of the events which affect the Texas property and casualty insurance industry. 15 15 13 0 1211097 1259206 120100 146715 -27545 633550 11097582 43718 12401234 2083189 27000 47500 0 1188446 1182431 0 0 1418077 854677 2633523 2084608 9767711 -1419 28147609 29746518 5607610 6131264 22539999 23615254 The organizations mission is to represent its member companies in the regulatory process stay abreast of the events which affect the Tx property casualty insurance industry. It makes recommendations presents testimony on members behalf with the Tx Dept. of Insurance with respect to rates, forms, rules and other issues facing PC insurers. false false 2084608 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 over 400 member companies and numerous non-members and consumers. 2084608 false false false false false false false false false true true false true true false false true false false false false false false false false false true false true false false false false false false false false false false false false false false true true true false true 13 0 true 13 true false false false false false false false false false false false false X 15 15 false false false false false true true true true false false true true true true true true true false false X Paula Harmon 5124449611 5508 W Hwy 290 Ste 100 Austin TX 78735 Albert Betts Executive Director 055.00 X X X X 329692 0 0 Paula Harmon CFO/COO 040.00 X X 175788 0 0 Angie Dietz HR Manager 040.00 X 124978 0 0 Rich Johnson Director of Communications 040.00 X 112673 0 0 Michael Gerik Vice Chair 002.00 X X 0 0 0 Thomas Fitzpatrick Director 002.00 X 0 0 0 John Stuckemeyer Immediate Past Chair 002.00 X X 0 0 0 John Schramm Chair 002.00 X X 0 0 0 Robert Zeman Director 002.00 X 0 0 0 Scott Gainey Director 002.00 X 0 0 0 Chris Meredith Director 002.00 X 0 0 0 Diane Hirtz Director 002.00 X 0 0 0 Kari King Dial Director 002.00 X 0 0 0 Jeffry Junkas Director 002.00 X 0 0 0 Angela Doss Director 002.00 X 0 0 0 John Henle Director 002.00 X 0 0 0 James Kincaid Director 002.00 X 0 0 0 Sabrina Timmins Director 002.00 X 0 0 0 Luke Horton Secretary 002.00 X 0 0 0 743131 4 false true false TalkStrategy LLC PO Box 761473 San Antonio TX 782456473 Public Relations 462534 1 1119187 140019 1259206 SYMPOSIUM FEES 611430 104715 104715 PUBLIC RELATIONS FEES 541610 42000 42000 146715 592864 592864 65279 24593 40686 40686 Misc Income 43718 43718 2083189 146715 592864 47500 47500 0 0 0 743131 743131 0 182448 182448 79729 79729 115796 115796 61327 61327 184964 184964 84197 84197 46000 46000 0 0 0 103134 103134 47304 47304 66228 66228 0 240122 240122 28565 28565 0 99389 99389 9373 9373 0 69804 69804 29389 29389 SYMPOSIUM 188735 188735 BANK FEES 82138 82138 REIMBURSABLE EXPENSES -317870 -317870 OTHER COMPREHENSIVE INCOME -127876 -127876 21081 21081 2084608 2084608 90232 150123 12455861 12180438 32260 34171 119883 153951 967684 106712 307681 860972 13143997 14220669 1997695 2146194 28147609 29746518 196246 308615 275 5411364 5822374 5607610 6131264 X 22539999 23615254 22539999 23615254 28147609 29746518 X -1419 1076674 X false true X true false false 594501 3389 591112 389095 119235 269860 860972 14220669 C Financial derivatives and other financial products Closely-held equity interests 14220669 C 14220669 ACCOUNTS RECEIVABLE - RELATED CORPORATIONS 2146194 ACCRUED PENSION BENEFITS ASSET 2146194 Federal income taxes ACCRUED PENSION BENEFITS LIABILITY -846318 ACCOUNTS PAYABLE - RELATED CORPORATIONS 6066154 FINANCE LEASE LIABILITY LONG TERM PORTION 602538 5822374 true Insurance Council of Texas Education Foundation 5508 W HWY 290 Ste 100 Austin TX 78735 208534633 501c3 47500 Scholarships 1 Part II Line 1 Scholarships are provided to partnering Texas universities for students studying insurance or risk management. Insurance Council of Texas Education Foundation works with the universities to make the students aware of the application process. The students are selected by a committee of the foundation comprised of individuals from the insurance industry and by using a uniform set of criteria applied to each individual applicant. Scholarship awards vary in amount from 1,000 to 5,000. X true true X X X false false false Albert Betts Executive Director 329692 329692 Paula Harmon CFO/COO 175788 175788 Form 990, Part VI, Section A, Line 7a, 7b Members of the governing board are elected at ICTs annual membership meeting where other issues may be up for a vote. Form 990, Part VI, Section A, Line 8a, 8b All the meetings of the governing board of directors and board committees have minutes taken, approved and recorded in written form. Form 990, Part VI, Section B, Line 11b The CFO prepares the Form 990 and a copy of the completed draft is distributed to and reviewed by each board member at a board meeting held prior to the returns electronic filing with the IRS. Form 990, Part VI, Section B, Line 12c ICTs executive staff reviews all third party contracts and will incorporate the use of legal counsel if needed. This year round review includes monitoring for conflicts with related parties board members and staff. Form 990, Part VI, Section B, Line 15a ICTs executive committee of the board of directors reviews an independent annual study of comparable organizations to determine the Executive Directors compensation. Form 990, Part VI, Section C, Line 19 No documents are made available to the public. Form 990, Part XI, Line 8 The prior period adjustment from the 2022 audit was for 1,076,674 to post the adjusting journal entry to update ICTs investment in ICT Services, Inc. ICT Insurance Group Insurance Plan 5508 W Hwy 290 Suite 100 Austin TX 78735 202675859 VEBA Health Plan TX 501c9 N/A false ICT Services Inc 5508 W Hwy 290 Suite 100 Austin TX 78735 742631125 Publishing TX N/A C Corp 100 17592648 1.00000 false false false false false false false false false false false false false false false true false true false false ICT Services Inc o 335963 Cost ICT Services Inc q 44948 Cost