Nonprofit · EIN 52-1811691
THE COUNCIL FOUNDATION
Tax-exempt · WASHINGTON, DC 20004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $718,862 | $679,763 | $39,099 | $3,574,741 | $70,275 | $3,504,466 |
| December 31, 2023 | 990 | $734,858 | $607,950 | $126,908 | $3,402,310 | $46,232 | $3,356,078 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $572,050
- Program service revenue
- $0
- Investment income
- $146,812
- Net gain from sales of assets
- $65,127
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $475,833
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $19,086
- Program services (functional)
- $632,189
- Management and general (functional)
- $47,574
Balance sheet and other
- Total assets, start of year
- $3,402,310
- Total assets, end of year
- $3,574,741
- Total liabilities, end of year
- $70,275
- Net assets, end of year
- $3,504,466
- Publicly traded securities
- $2,745,615
- Net assets without donor restrictions
- $2,780,713
- Net assets with donor restrictions
- $723,753
- Gross receipts
- $1,388,869
- Employees
- 0
- Volunteers
- 19
- Year formed
- 1993
- State of legal domicile
- DC
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEN A CRERAR | EXECUTIVE CHAIR (UNTIL 6/24) Trustee or director | 1.87 | $0 | $5,567,815 | $53,712 |
| JOEL R WOOD | SECRETARY Trustee or director, Officer | 1.12 | $0 | $1,028,646 | $78,473 |
| CATHERINE RICHARDSON | COO Officer | 1.5 | $0 | $726,196 | $69,798 |
| BENITA HARRISON-WICKLINE | CFO Officer | 1.87 | $0 | $460,437 | $72,135 |
| ELIZABETH MCDAID | FOUNDATION, EVP Key employee | 11.25 | $0 | $379,734 | $69,089 |
| SUSAN RUSHFORD | SVP, MKTG & COMMUNICATIONS Key employee | 1.87 | $0 | $373,003 | $68,801 |
| JULIA RUIZ | SVP, LEADERSHIP & MGMT RESOURCES Key employee | 3 | $0 | $257,012 | $55,961 |
| PAULA STALEY | SVP, MEETINGS Key employee | 1.12 | $0 | $218,890 | $59,497 |
| NICOLE VASILE | VP, MKTG & COMMUNICATIONS Highest-paid employee | 1.87 | $0 | $187,070 | $28,588 |
| ROBERT COHEN | CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| JOHN TALLARIDA | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| NANCY MELLARD | TREASURER Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| TOM HUGHSTON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JEFF RODRIGUEZ | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| ROBERT CAWLEY | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BUMPY TRICHE | DIRECTOR Trustee or director | 0.1 | $0 |
| DOUGLAS HAMMOND | DIRECTOR Trustee or director | 0.1 | $0 |
| SCOTT PURVIANCE | DIRECTOR Trustee or director | 0.1 | $0 |
| MICHAEL VICTORSON | DIRECTOR Trustee or director | 0.1 | $0 |
| DAVID ESLICK | DIRECTOR Trustee or director | 0.1 | $0 |
| KEN EWELL | DIRECTOR Trustee or director | 0.1 | $0 |
| JOHN HOWARD | DIRECTOR Trustee or director | 0.1 | $0 |
| MARKHAM R MCKNIGHT | DIRECTOR Trustee or director | 0.1 | $0 |
| TARUN CHOPRA | DIRECTOR Trustee or director | 0.1 | $0 |
| ROBERT HARRISON | DIRECTOR Trustee or director | 0.1 | $0 |
| DAVID BECKER | DIRECTOR Trustee or director | 0.1 | $0 |
| J HYATT BROWN | DIRECTOR Trustee or director | 0.1 | $0 |
| BILL D HENRY | DIRECTOR Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEN A CRERAR | SECRETARY & CEO OF CIAB Officer | 1.87 | $88,626 | $1,683,895 | $55,334 |
| JOEL R WOOD | DIRECTOR & PRESIDENT OF CIAB Trustee or director | 0 | $0 | $951,199 | $88,859 |
| BENITA HARRISON-WICKLINE | CFO Officer | 1.87 | $19,823 | $376,630 | $75,084 |
| SUSAN RUSHFORD | SVP, LEADERSHIP & MGMT Key employee | 1.87 | $11,043 | $357,072 | $65,660 |
| ELIZABETH MCDAID | SVP, MKTG & COMM Key employee | 1.13 | $18,080 | $343,505 | $70,335 |
| NICOLE VASILE | VP, MARKETING & COMMUNICATIONS Highest-paid employee | 1.87 | $9,412 | $178,821 | $53,632 |
| MARKHAM MCKNIGHT | CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| ROBERT COHEN | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| GEORGE STEADMAN | TREASURER Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| DAVID BECKER | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| HYATT BROWN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| STEVE DECARLO | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DAVID ESLICK | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| KEN EWELL | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BOB HARRISON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BILL HENRY | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| TOM HUGHSTON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| NANCY MELLARD | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JOHN TALLARIDA | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| ROBERT CAWLEY | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| TARUN CHOPRA | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| LORI GOLTERMANN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JOHN HOWARD | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JEFFREY RODRIGUEZ | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BUMPY TRICHE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| MICHAEL VICTORSON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 701 PENNSYLVANIA AVE NW STE 750, WASHINGTON, DC 20004-2661
- Principal officer (990 for 2024)
- JOEL R WOOD, 701 PENNSYLVANIA AVE NW 750, WASHINGTON, DC 20004
- Signed the 990
- JOEL R WOOD, SECRETARY
- Phone
- (202) 662-4313
- Return prepared by
- GELMAN ROSENBERG & FREEDMAN
Mission
THE FOUNDATION'S MISSION IS TO SECURE THE FUTURE OF THE COMMERCIAL INSURANCE BROKERAGE BUSINESS BY ATTRACTING AND DEVELOPING TOMORROW'S TALENT AND SUPPORTING FORWARD-THINKING RESEARCH.
Program accomplishments
- THE FOUNDATIONS AWARDS SCHOLARSHIPS TO SUPPORT SELECT COLLEGE AND UNIVERSITY STUDENTS CURRENTLY INTERNING AT COUNCIL MEMBER FIRMS THAT ALSO MAJOR IN BUSINESS, RISK MANAGEMENT AND INSURANCE.Expenses $632,189 · grants $475,833
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1811691
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $3,574,741
- Income (IRS master file)
- $1,388,869
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $718,862 | $679,763 | $3,574,741 | IRS |
| 990 | December 2023 | $734,858 | $607,950 | $3,402,310 | XML |
| 990 | December 2022 | $579,126 | $565,991 | $3,044,272 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 52-1811691).
Questions about THE COUNCIL FOUNDATION
- What is the EIN of THE COUNCIL FOUNDATION?
- The employer identification number (EIN) of THE COUNCIL FOUNDATION is 52-1811691.
- Is THE COUNCIL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to THE COUNCIL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does THE COUNCIL 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 THE COUNCIL FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE COUNCIL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE COUNCIL FOUNDATION?
- The 990 for the year ended December 31, 2024 names JOEL R WOOD.
- Who are the officers and directors of THE COUNCIL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 28 people; 0 received compensation from the organization.
- How much revenue does THE COUNCIL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $718,862, expenses of $679,763 and total assets of $3,574,741 at year end.
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