Nonprofit · EIN 74-2662845
INSURANCE COUNCIL OF TEXAS
Tax-exempt · AUSTIN, TX 78735
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,131,858 | $2,257,923 | $873,935 | $36,489,091 | $6,631,381 | $29,857,710 |
| December 31, 2024 | 990 | $2,496,269 | $1,981,992 | $514,277 | $32,784,179 | $6,248,968 | $26,535,211 |
| December 31, 2023 | 990 | $2,083,189 | $2,084,608 | -$1,419 | $29,746,518 | $6,131,264 | $23,615,254 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,236,362
- Membership dues
- $1,236,362
- Program service revenue
- $52,945
- Investment income
- $1,832,200
- Other revenue
- $10,351
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,175,832
- Salaries, compensation and benefits (total)
- $1,505,112
- Professional fundraising fees
- $0
- Legal fees
- $75,492
- Accounting fees
- $48,000
- Occupancy
- $249,331
- Travel
- $21,919
- Depreciation
- $67,708
- Program services (functional)
- $2,257,923
Balance sheet and other
- Total assets, start of year
- $32,784,179
- Total assets, end of year
- $36,489,091
- Total liabilities, end of year
- $6,631,381
- Net assets, end of year
- $29,857,710
- Land, buildings and equipment
- $475,943
- Net assets without donor restrictions
- $29,857,710
- Gross receipts
- $3,131,858
- Employees
- 15
- Year formed
- 1991
- 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 |
|---|---|---|---|
| Albert Betts | Executive Director Trustee or director, Officer, Key employee, Highest-paid employee | 55 | $352,948 |
| Jon Schnautz | Legal and Legislative Advocacy Counsel Highest-paid employee | 40 | $261,834 |
| Paula Harmon | CFO/COO Trustee or director, Highest-paid employee | 40 | $201,256 |
| Rich Johnson | Director of Communications Highest-paid employee | 40 | $127,378 |
| Angie Cervantes | Senior Government and Legislative Affairs Manager Highest-paid employee | 40 | $117,038 |
| Shawnda Ewing | HR Manager Highest-paid employee | 40 | $115,378 |
| Michael Gerik | Chair Trustee or director, Officer | 2 | $0 |
| Thomas Fitzpatrick | Director Trustee or director | 2 | $0 |
| John Stuckemeyer | Director Trustee or director | 2 | $0 |
| Robert Zeman | Director Trustee or director | 2 | $0 |
| Scott Gainey | Director Trustee or director | 2 | $0 |
| Chris Meredith | Director Trustee or director | 2 | $0 |
| Diane Hirtz | Director Trustee or director | 2 | $0 |
| Jeffry Junkas | Director Trustee or director | 2 | $0 |
| Angela Doss | Treasurer Trustee or director, Officer | 2 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Henle | Secretary Trustee or director, Officer | 2 | $0 |
| James Kincaid | Director Trustee or director | 2 | $0 |
| Sabrina Timmins | Director Trustee or director | 2 | $0 |
| Kevin Matula | Director Trustee or director | 2 | $0 |
| Luke Horton | Vice Chair Officer | 2 | $0 |
990 for the year ended December 31, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Albert Betts | Executive Director Trustee or director, Officer, Key employee, Highest-paid employee | 55 | $349,819 |
| Paula Harmon | CFO/COO Trustee or director, Highest-paid employee | 40 | $175,644 |
| Rich Johnson | Director of Communications Highest-paid employee | 40 | $118,169 |
| Nedra Francisco | Assistant Controller Highest-paid employee | 40 | $104,433 |
| Angie Cervantes | Govt Legislative Affairs Mgr Highest-paid employee | 40 | $103,890 |
| Michael Gerik | Chair Trustee or director, Officer | 2 | $0 |
| Thomas Fitzpatrick | Director Trustee or director | 2 | $0 |
| John Stuckemeyer | Director Trustee or director, Officer | 2 | $0 |
| Robert Zeman | Director Trustee or director | 2 | $0 |
| Scott Gainey | Director Trustee or director | 2 | $0 |
| Chris Meredith | Director Trustee or director | 2 | $0 |
| Diane Hirtz | Director Trustee or director | 2 | $0 |
| Kari King Dial | Director Trustee or director | 2 | $0 |
| Jeffry Junkas | Director Trustee or director | 2 | $0 |
| Angela Doss | Treasurer Trustee or director, Officer | 2 | $0 |
| John Henle | Secretary Trustee or director, Officer | 2 | $0 |
| James Kincaid | Director Trustee or director | 2 | $0 |
| Sabrina Timmins | Director Trustee or director | 2 | $0 |
| Kevin Matula | Director Trustee or director | 2 | $0 |
| Luke Horton | Vice Chair Officer | 2 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Albert Betts | Executive Director Trustee or director, Officer, Key employee, Highest-paid employee | 55 | $329,692 |
| Paula Harmon | CFO/COO Trustee or director, Highest-paid employee | 40 | $175,788 |
| Angie Dietz | HR Manager Highest-paid employee | 40 | $124,978 |
| Rich Johnson | Director of Communications Highest-paid employee | 40 | $112,673 |
| Michael Gerik | Vice Chair Trustee or director, Officer | 2 | $0 |
| Thomas Fitzpatrick | Director Trustee or director | 2 | $0 |
| John Stuckemeyer | Immediate Past Chair Trustee or director, Officer | 2 | $0 |
| John Schramm | Chair Trustee or director, Officer | 2 | $0 |
| Robert Zeman | Director Trustee or director | 2 | $0 |
| Scott Gainey | Director Trustee or director | 2 | $0 |
| Chris Meredith | Director Trustee or director | 2 | $0 |
| Diane Hirtz | Director Trustee or director | 2 | $0 |
| Kari King Dial | Director Trustee or director | 2 | $0 |
| Jeffry Junkas | Director Trustee or director | 2 | $0 |
| Angela Doss | Director Trustee or director | 2 | $0 |
| John Henle | Director Trustee or director | 2 | $0 |
| James Kincaid | Director Trustee or director | 2 | $0 |
| Sabrina Timmins | Director Trustee or director | 2 | $0 |
| Luke Horton | Secretary Key employee | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 5508 W HWY 290 STE SUITE 100, AUSTIN, TX 78735-0000
- Principal officer (990 for 2025)
- Paula Harmon, 5508 W Hwy 290 STE Suite 100, Austin, TX 78735
- Signed the 990
- Paula Harmon, CFOCOO
- Phone
- (512) 444-9611
- Website
- www.insurancecouncil.org
Mission
ICTs 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 state legislature Tx Dept. of Insurance.
Program accomplishments
- 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 property and casualty 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.Expenses $2,257,923
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2662845
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $36,489,091
- Income (IRS master file)
- $3,131,858
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,131,858 | $2,257,923 | $36,489,091 | XML |
| 990 | December 2024 | $2,496,269 | $1,981,992 | $32,784,179 | XML |
| 990 | December 2023 | $2,083,189 | $2,084,608 | $29,746,518 | XML |
| 990 | December 2022 | $12,401,234 | $2,633,523 | $28,147,609 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 74-2662845).
Questions about INSURANCE COUNCIL OF TEXAS
- What is the EIN of INSURANCE COUNCIL OF TEXAS?
- The employer identification number (EIN) of INSURANCE COUNCIL OF TEXAS is 74-2662845.
- Is INSURANCE COUNCIL OF TEXAS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1993.
- Are donations to INSURANCE COUNCIL OF TEXAS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INSURANCE COUNCIL OF TEXAS 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 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 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?
- The 990 for the year ended December 31, 2025 names Paula Harmon.
- Who are the officers and directors of INSURANCE COUNCIL OF TEXAS?
- The 990 for the year ended December 31, 2025 lists 20 people; 6 received compensation from the organization, the highest $352,948 (Albert Betts, Executive Director).
- How much revenue does INSURANCE COUNCIL OF TEXAS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,131,858, expenses of $2,257,923 and total assets of $36,489,091 at year end.
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