2025-11-04T01:42:04-00:00 2024-12-31 990 2024-01-01 742662845 INSURANCE COUNCIL OF TEXAS INSU 5124449611 5508 W Hwy 290 STE Suite 100 Austin TX 78735 Paula Harmon CFOCOO 5124449611 2025-11-05 false 2024 2025-03-06 01:10:19Z Paula Harmon 5508 W Hwy 290 STE Suite 100 Austin TX 78735 2496269 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 15 0 1259206 1122966 146715 395836 633550 976463 43718 1004 2083189 2496269 47500 33000 0 1182431 1209206 0 0 854677 739786 2084608 1981992 -1419 514277 29746518 32784179 6131264 6248968 23615254 26535211 X 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. true false 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. false false false true 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 15 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 349819 0 0 Paula Harmon CFO/COO 040.00 X X 175644 0 0 Rich Johnson Director of Communications 040.00 X 118169 0 0 Nedra Francisco Assistant Controller 040.00 X 104433 0 0 Angie Cervantes Govt Legislative Affairs Mgr 040.00 X 103890 0 0 Michael Gerik Chair 002.00 X X 0 0 0 Thomas Fitzpatrick Director 002.00 X 0 0 0 John Stuckemeyer Director 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 Treasurer 002.00 X X 0 0 0 John Henle Secretary 002.00 X X 0 0 0 James Kincaid Director 002.00 X 0 0 0 Sabrina Timmins Director 002.00 X 0 0 0 Kevin Matula Director 002.00 X 0 0 0 Luke Horton Vice Chair 002.00 X 0 0 0 851955 5 false true false 1122966 1122966 SYMPOSIUM FEES 611430 95925 95925 PUBLIC RELATIONS FEES 541610 299911 299911 395836 976463 976463 Misc Income 531390 1004 1004 1004 2496269 396840 976463 33000 33000 0 0 0 851955 851955 0 93971 93971 90365 90365 110979 110979 61936 61936 62604 62604 116208 116208 47500 47500 0 0 0 83075 83075 48314 48314 76599 76599 0 249449 249449 26367 26367 0 94908 94908 7297 7297 0 73369 73369 33443 33443 SYMPOSIUM 125019 125019 BANK FEES 64228 64228 REIMBURSABLE EXPENSES -324988 -324988 OTHER COMPREHENSIVE INCOME -86064 -86064 42458 42458 1981992 1981992 150123 253015 12180438 12589413 34171 10127 153951 256571 793343 108697 860972 684646 14220669 16626348 2146194 2364059 29746518 32784179 308615 336331 275 -1 5822374 5912638 6131264 6248968 X 23615254 26535211 23615254 26535211 29746518 32784179 X 514277 2405680 X false true X true false false false false 1122966 70702 70702 70702 I-A 1 In 2024, the ICT board of directors voted to become a lobbying trade organization for the state of Texas Legislature only. Select ICT staff members registered as lobbyists beginning in September 2024. The Texas Legislature meets every other year in odd years. In 2024, any expenses incurred related to lobbying were solely allocated staff time to the effort, costs for legal fees related to lobbying and registration fees for staff lobbyists. ICT did not contribute to any elected officials campaigns. false 479451 6625 472826 313892 102072 211820 684646 16626348 C Financial derivatives and other financial products Closely-held equity interests 16626348 C 16626348 ACCOUNTS RECEIVABLE - RELATED CORPORATIONS 2364059 ACCRUED PENSION BENEFITS ASSET 2364059 Federal income taxes ACCRUED PENSION BENEFITS LIABILITY -900475 ACCOUNTS PAYABLE - RELATED CORPORATIONS 6383884 FINANCE LEASE LIABILITY LONG TERM PORTION 429229 5912638 true Insurance Council of Texas Education Foundation 5508 W Hwy 290 Ste 100 Austin TX 78735 208534633 501c3 33000 Scholarships 1 Part II Line 1 Scholarships are provided to students of partnering Texas universities who are studying insurance or risk management. Insurance Council of Texas Education Foundation works with the universities to promote the scholarships and the application process to students. The scholarship winners are selected by members of the Foundations committee, comprised of individuals from the insurance industry, and by using a uniform set of criteria applied to each applicant. Scholarships vary in amount from 1,000 to 5,000. X true true X X X false false false Albert Betts Executive Director 349819 349819 Paula Harmon CFO/COO 175644 175644 Form 990, Part VI, Section A, Line 7a, 7b Members of the governing body 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 meeing 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 2023 audit was for 2,405,680 to post the adjusting journal entry to update ICTs investment in ICT Services, Inc. Form 990, Part III, Line 2 In 2024, the ICT board of directors voted to become a lobbying trade organization for the state of Texas Legislature only. Select ICT staff members registered as lobbyists beginning in September 2024. In 2024, ICT prepared for the Texas Legislative Session, held in odd years, and expenses in 2024 were solely for allocated staff time, legal fees and lobbyist registration fees. ICT did not contribute to any elected officials campaigns. 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 20828529 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 362444 Cost ICT Services Inc q 49427 Cost