INSURANCE COUNCIL OF TEXAS EDUCATIONAL FOUNDATION: Form 990EZ, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- INSURANCE COUNCIL OF TEXAS EDUCATIONAL FOUNDATION (EIN 20-8534633)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-05-16
- IRS object ID
- 202511369349201761
- Schema version
- 2024v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-16T05:18:02-00:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208534633 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Insurance Council of Texas Education Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INSU | BusinessNameControlTxt |
| Phone | 5124449611 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5508 W US 290 HWY WB STE UNIT 100 | AddressLine1Txt |
| City | Austin | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78735 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | John Henle | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 5124449611 | PhoneNum |
| Signature | 2025-05-16 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Website Address | www.insurancecouncil.org/educationfoundation | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $122,581 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $122,581 | ContributionsGiftsGrantsEtcAmt |
| Total Revenue | $122,581 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $145,281 | GrantsAndSimilarAmountsPaidAmt |
| Other Expenses Total | $40 | OtherExpensesTotalAmt |
| Total Expenses | $145,321 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$22,740 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $168,709 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $145,969 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $166,209 | BOYAmt |
| EOY | $149,086 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,500 | BOYAmt |
| EOY | $5,200 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $168,709 | BOYAmt |
| EOY | $154,286 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $8,317 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $168,709 | BOYAmt |
| EOY | $145,969 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Primary Exempt Purpose | See Schedule O | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (3 entries)
| Description Program Srvc AccomDescriptionProgramSrvcAccomTxt | Program Service ExpensesProgramServiceExpensesAmt |
|---|---|
| SCHOLARSHIPS The Foundation gave scholarships to 40 students studying insurance and risk management at Texas universities in amounts ranging from 1,000 to 5,000. | $75,000 |
| ACADEMIC ACHIEVEMENT AWARDS The Foundaton gave Academic Achievement Awards ranging from 750 to 5,000 to 9 Texas universities. | $30,950 |
| PREVENTION SAFETY PROGRAM The Foundation promoted and distributed smoke alarm donations to fire departments and Hide, Lock Take signs to police departments, all located in Texas. | $39,331 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $145,281 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (11 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| Tony Gonzalez | ||
| President | 001.00 | $0 |
| Craig Sparks | ||
| Trustee | 001.00 | $0 |
| Joe Johnson | ||
| Vice-President | 001.00 | $0 |
| Albert Betts Jr | ||
| Ex-officio Trustee | 001.00 | $0 |
| Rick Gentry | ||
| Trustee | 001.00 | $0 |
| Errica Rivera | ||
| Trustee | 001.00 | $0 |
| John Schramm | ||
| Trustee | 001.00 | $0 |
| Felicia Hutchins | ||
| Trustee | 001.00 | $0 |
| Angela Doss | ||
| Trustee | 001.00 | $0 |
| John Henle | ||
| President | 001.00 | $0 |
| Max McClure | ||
| Trustee | 001.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Tax Imposed Under IRC4911 | $0 | TaxImposedUnderIRC4911Amt |
| Tax Imposed Under IRC4912 | $0 | TaxImposedUnderIRC4912Amt |
| Tax Imposed Under IRC4955 | $0 | TaxImposedUnderIRC4955Amt |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Paula Harmon | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5508 W US 290 HWY WB UNIT 100 | AddressLine1Txt |
| City | Austin | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78735 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5124449611 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Form720 Filed | false | Form720FiledInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $97,460 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $111,635 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $134,705 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $114,700 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $120,016 | CurrentTaxYearAmt |
| Total | $578,516 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $97,460 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $111,635 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $134,705 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $114,700 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $120,016 | CurrentTaxYearAmt |
| Total | $578,516 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $578,516 | PublicSupportTotal170Amt |
| Total Support | $578,516 | TotalSupportAmt |
| Public Support CY170 | 1.00000 | PublicSupportCY170Pct |
| Public Support PY170 | 1.00000 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990-EZ, Part I, Line 10, Grants Paid | Activity Scholarships, Grantee Various, Cash Grant 75,000, Relationship |
| Form 990-EZ, Part I, Line 10, Grants Paid | Activity AAA Funding, Grantee Various, Cash Grant 30,950, Relationship |
| Form 990-EZ, Part I, Line 10, Grants Paid | Activity Prevention and Safety Programs, Grantee Various, Cash Grant 39,331, Relationship |
| Form 990-EZ, Part I, Line 16, Other Expenses | Bank Fees 40 |
| Form 990-EZ, Part II, Line 24, Other Assets | Accounts Receivable Beginning of year 2,500, End of year 5,200 |
| Form 990-EZ, Part II, Line 26, Liabilities | Accounts Payable Beginning of year 0, End of year 8,317 |
| Form 990-EZ, Part I, Line 10 | The Foundation awarded scholarships to 40 students, academic achievement awards to 9 universities, distributed smoke alarms to fire departments across Texas, and distributed Hide Lock and Take signs to police departments across Texas. |
| Form 990-EZ, Part III, Line 28 | The organizations primary exempt purposes are to provide scholarships to students studying insurance or risk management courses at colleges and universities in Texas, to give monetary awards to colleges and universities in Texas to aid in enhancing their risk management and insurance courses/programs, and to educate the public on risk management. |
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