Nonprofit · EIN 20-8534633
INSURANCE COUNCIL OF TEXAS EDUCATIONAL FOUNDATION
Tax-exempt · AUSTIN, TX 78735
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $212,170 | $170,210 | $41,960 | $297,743 | $109,814 | $187,929 |
| December 31, 2024 | 990-EZ | $122,581 | $145,321 | -$22,740 | $154,286 | $8,317 | $145,969 |
| December 31, 2023 | 990-EZ | $117,847 | $138,642 | -$20,795 | $168,709 | – | $168,709 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $212,170
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $89,892
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $170,210
Balance sheet and other
- Total assets, start of year
- $154,286
- Total assets, end of year
- $297,743
- Total liabilities, end of year
- $109,814
- Net assets, end of year
- $187,929
- Net assets without donor restrictions
- $87,929
- Net assets with donor restrictions
- $100,000
- Gross receipts
- $212,170
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2009
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Henle | President Trustee or director, Officer | 1 | $0 |
| Angela Doss | Vice President Trustee or director, Officer | 1 | $0 |
| Craig Sparks | Trustee Trustee or director | 1 | $0 |
| Albert Betts Jr | Ex-officio Trustee Trustee or director | 1 | $0 |
| Rick Gentry | Trustee Trustee or director | 1 | $0 |
| Errica Rivera | Trustee Trustee or director | 1 | $0 |
| John Schramm | Trustee Trustee or director | 1 | $0 |
| Felicia Hutchins | Trustee Trustee or director | 1 | $0 |
| Max McClure | Trustee Trustee or director | 1 | $0 |
| Maurice Williams | Trustee Trustee or director | 1 | $0 |
| Debra Richardson | Trustee Trustee or director | 1 | $0 |
| Laura Farmer | Trustee Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tony Gonzalez | President | 1 | $0 |
| Craig Sparks | Trustee | 1 | $0 |
| Joe Johnson | Vice-President | 1 | $0 |
| Albert Betts Jr | Ex-officio Trustee | 1 | $0 |
| Rick Gentry | Trustee | 1 | $0 |
| Errica Rivera | Trustee | 1 | $0 |
| John Schramm | Trustee | 1 | $0 |
| Felicia Hutchins | Trustee | 1 | $0 |
| Angela Doss | Trustee | 1 | $0 |
| John Henle | President | 1 | $0 |
| Max McClure | Trustee | 1 | $0 |
990-EZ for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tony Gonzalez | President | 1 | $0 |
| Craig Sparks | Trustee | 1 | $0 |
| Joe Johnson | Vice-President | 1 | $0 |
| Albert Betts Jr | Ex-officio Trustee | 1 | $0 |
| Rick Gentry | Trustee | 1 | $0 |
| Errica Rivera | Trustee | 1 | $0 |
| John Schramm | Trustee | 1 | $0 |
| Felicia Hutchins | Trustee | 1 | $0 |
| Angela Doss | Trustee | 1 | $0 |
| John Henle | Trustee | 1 | $0 |
| Max McClure | Trustee | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5508 W US 290 HWY WB STE UNIT 100, AUSTIN, TX 78735-0000
- In care of
- % PAULA HARMON
- Principal officer (990 for 2025)
- John Henle, 5508 W US 290 HWY WB STE UNIT 100, Austin, TX 78735
- Signed the 990
- John Henle, President
- Phone
- (512) 444-9611
Mission
The mission of the ICT Education Foundation is to promote career opportunities in the Property and Casualty insurance industry, through scholarships and other financial support, for university students enrolled in risk management and insurance programs at participating Texas universities.
Program accomplishments
- SCHOLARSHIPS The foundation gave scholarships to 37 students studying insurance and risk management at Texas universities in amounts ranging from 1,000 to 5,000.Expenses $67,500 · grants $67,500 · revenue $122,170
- ACADEMIC ACHIEVEMENT AWARDS The Foundation gave Academic Achievement Awards ranging from 125 to 3,970 to 9 Texas universitiesExpenses $22,392 · grants $22,392 · revenue $122,170
- PREVENTION SAFETY PROGRAM The foundation promoted and distributed smoke alarm donations to fire departments and Hide, Lock and Take signs to police departments, all located in Texas.Expenses $80,318 · revenue $90,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-8534633
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $297,743
- Income (IRS master file)
- $212,170
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $212,170 | $170,210 | $297,743 | IRS |
| 990-EZ | December 2024 | $122,581 | $145,321 | $154,286 | IRS |
| 990-EZ | December 2023 | $117,847 | $138,642 | $168,709 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8534633).
Questions about INSURANCE COUNCIL OF TEXAS EDUCATIONAL FOUNDATION
- What is the EIN of INSURANCE COUNCIL OF TEXAS EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of INSURANCE COUNCIL OF TEXAS EDUCATIONAL FOUNDATION is 20-8534633.
- Is INSURANCE COUNCIL OF TEXAS EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to INSURANCE COUNCIL OF TEXAS EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSURANCE COUNCIL OF TEXAS EDUCATIONAL FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INSURANCE COUNCIL OF TEXAS EDUCATIONAL FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSURANCE COUNCIL OF TEXAS EDUCATIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INSURANCE COUNCIL OF TEXAS EDUCATIONAL FOUNDATION?
- The 990 for the year ended December 31, 2025 names John Henle.
- Who are the officers and directors of INSURANCE COUNCIL OF TEXAS EDUCATIONAL FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does INSURANCE COUNCIL OF TEXAS EDUCATIONAL FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $212,170, expenses of $170,210 and total assets of $297,743 at year end.
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