Overview
What is Insurance Council Of Texas Group Insurance Plan?
The Insurance Council of Texas Group Insurance Plan is a nonprofit organization, specifically classified as an IRC Section 501c9 voluntary employee benefit association (VEBA). Situated in Austin, Texas, this entity offers comprehensive health insurance benefits to the employees and retirees of the Insurance Council of Texas. The scope of their services encompasses medical, dental, life, and disability coverage, ensuring a wide range of protection for its members. This nonprofit's mission is centered around providing health insurance solutions to employees, retirees, and their dependents within the Insurance Council of Texas.
Is Insurance Council Of Texas Group Insurance Plan legitimate?
Insurance Council Of Texas Group Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Insurance Council Of Texas Group Insurance Plan submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Insurance Council Of Texas Group Insurance Plan?
The Insurance Council Of Texas Group Insurance Plan, as a voluntary employee benefit association, is committed to providing health insurance coverage. This includes medical, dental, life, and disability benefits for the employees, retirees, and their dependent family members of the Insurance Council of Texas. The organization's mission is centered around ensuring the availability of these essential health insurance services, aiming to support the well-being and security of its members.
Who is the CEO of Insurance Council Of Texas Group Insurance Plan?
Paula Harmon is the Trustee of Insurance Council Of Texas Group Insurance Plan.
What is the revenue of Insurance Council Of Texas Group Insurance Plan?
Insurance Council Of Texas Group Insurance Plan's revenue in 2022 was $616,128.
Who are the executives of Insurance Council Of Texas Group Insurance Plan and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Insurance Council Of Texas Group Insurance Plan?
Insurance Council Of Texas Group Insurance Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Insurance Council Of Texas Group Insurance Plan
The Insurance Council of Texas Group Insurance Plan, as a voluntary employee benefit association, is dedicated to providing essential health coverage for its members. This nonprofit organization, recognized under IRC Section 501c9, offers comprehensive health insurance benefits to employees, retirees, and their dependents associated with the Insurance Council of Texas. Its primary mission is to ensure the availability and accessibility of medical, dental, life, and disability insurance coverage for its members, thereby safeguarding their well-being and financial security.
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Impact
October, 2024
The Insurance Council of Texas Group Insurance Plan plays a significant role in providing crucial health benefits to employees and retirees of the Insurance Council of Texas. By offering comprehensive health insurance options—including medical, dental, life, and disability coverage—it enhances the overall well-being and financial security of its members and their dependents.
This group insurance plan alleviates the burden of healthcare costs, allowing employees to focus more on their work and less on potential medical expenses. Additionally, by ensuring that retirees have access to continued health coverage, it fosters a sense of security and support for those who have dedicated their careers to the industry.
Furthermore, as a voluntary employee benefit association, it promotes mutual benefit among its members, strengthening the sense of community within the organization. The plan's mission reflects a commitment to the health and welfare of employees, showcasing how well-structured benefits can lead to a more satisfied and productive workforce. Overall, the impactful role of this insurance plan is evident in its contributions to health security and employee morale.
This information is meant to be a general summary of Insurance Council Of Texas Group Insurance Plan. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,482
- Program Service Revenue: $609,646
- Gross Receipts: $616,128
Assets and Liabilities:
- Total Assets: $707,453
- Total Liabilities: $0
- Net Assets: $707,453
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$421,356
Employee Contributions
Revenue
$121,107
Retiree Contributions
Revenue
$67,183
Organization Details
Founding Year
1967
Phone
(512) 444-9611Principal Officer
Paula Harmon
Main Address
5508 W Hwy 290 STE Ste 100, Austin, TX, 78735
NTEE Category
Code: Y43 - Mutual benefit
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