Overview

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Est.

1991

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Insurance Council of Texas, with EIN 74-2662845, is a nonprofit organization dedicated to representing its member companies within the regulatory framework of the Texas property and casualty insurance industry. With an operating budget of $1.9 million and total revenue of $2.5 million for the 2024 filing year, the organization plays a crucial role in monitoring and responding to developments that impact the sector. More information can be found on their website at www.insurancecouncil.org.

Mission Statement

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.
Revenues
$2.5M
Expenses
$2M
Net Income:
+$514.3K
Assets
$32.8M
Liabilities
$6.2M
Net Assets:
+$26.5M
Operating Budget
$1.9M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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A
Albert Betts
Board Member
P
Paula Harmon
Board Member
R
Robert Zeman
Board Member

Frequently Asked Questions

What is INSURANCE COUNCIL OF TEXAS’s budget?
In 2024, INSURANCE COUNCIL OF TEXAS reported an annual operating budget of around $1.9 million. More detailed financial information is available to registered users.
Where does INSURANCE COUNCIL OF TEXAS operate?
INSURANCE COUNCIL OF TEXAS is headquartered in Austin, TX.