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Insurance Council Of Texas Education Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 208534633 ✦ Austin, TX ✦ Designated as a 501(c)(3)

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Overview

What is Insurance Council Of Texas Education Foundation?

The Insurance Council of Texas Education Foundation is a nonprofit organization that plays a significant role in promoting education and safety in Texas. They showcase their commitment by offering scholarships worth between $1,000 and $2,500 per semester to 25 students pursuing careers in insurance and risk management. Furthermore, the foundation recognizes academic excellence by presenting awards to nine universities within the state. Beyond education, they contribute to public safety by distributing smoke alarms to various fire departments across Texas and providing Hide Lock and Take signs to police departments throughout the state. This multifaceted approach underscores the Insurance Council of Texas Education Foundation's dedication to fostering future leaders in the insurance sector and ensuring overall community safety.


Official website here: www.insurancecouncil.org/educationfoundation

Is Insurance Council Of Texas Education Foundation legitimate?

Insurance Council Of Texas Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Insurance Council Of Texas Education Foundation submitted a form 990EZ, 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.


Official website here: www.insurancecouncil.org/educationfoundation

What is the mission statement of Insurance Council Of Texas Education Foundation?

The Insurance Council of Texas Education Foundation's mission is centered around promoting education and safety in the field of insurance and risk management. They achieve this by granting scholarships to deserving students studying in this field, with award amounts ranging from $1,000 to $2,500 per semester. Furthermore, the foundation recognizes academic excellence in universities by providing achievement awards. In addition to financial aid, they also contribute to community safety by distributing smoke alarms to fire departments across Texas and providing Hide Lock and Take signs to police departments nationwide. These initiatives are all part of their mission to foster learning and enhance safety in the insurance sector.


Official website here: www.insurancecouncil.org/educationfoundation

Who is the CEO of Insurance Council Of Texas Education Foundation?

Tony Gonzalez is the President of Insurance Council Of Texas Education Foundation.


Official website here: www.insurancecouncil.org/educationfoundation

What is the revenue of Insurance Council Of Texas Education Foundation?

Insurance Council Of Texas Education Foundation's revenue in 2022 was $139,612.


Official website here: www.insurancecouncil.org/educationfoundation

Who are the executives of Insurance Council Of Texas Education Foundation and what are their salaries?


Here are 11 key members and their salaries:


Tony Gonzalez (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Sparks (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Johnson (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Albert Betts Jr (Ex-Officio Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Gentry (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Errica Rivera (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Schramm (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Felicia Hutchins (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Doss (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Henle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Max Mcclure (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.insurancecouncil.org/educationfoundation

Where can I find the form 990EZ for Insurance Council Of Texas Education Foundation?

Insurance Council Of Texas Education Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.insurancecouncil.org/educationfoundation

Learn more at the official website: www.insurancecouncil.org/educationfoundation

Mission Statement of Insurance Council Of Texas Education Foundation

The Insurance Council of Texas Education Foundation, an organization dedicated to promoting education in the field of insurance and risk management, has undertaken various initiatives. One of its primary missions is to support students pursuing related studies by granting scholarships. These scholarships range in value from $1,000 to $2,500 per semester, providing substantial financial aid to deserving students.

Beyond its scholarship program, the foundation also recognizes academic excellence in universities. It awards nine institutions for their achievements in the field of insurance and risk management. The foundation's commitment to safety extends beyond education, as it also contributes to fire safety. It distributes smoke alarms to fire departments across Texas, enhancing the safety of communities by ensuring they are equipped with essential fire safety equipment.

Moreover, the Insurance Council of Texas Education Foundation demonstrates its commitment to community safety by providing Hide Lock and Take signs to police departments across the state. These signs serve as a reminder and guidance for residents to secure their properties effectively, reducing the risk of burglaries. By undertaking these initiatives, the Insurance Council of Texas Education Foundation is not only investing in the future of the insurance industry but also contributing to the overall safety and security of Texas communities.

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Impact




October, 2024

The Insurance Council Of Texas Education Foundation has made a significant impact by awarding scholarships to 25 students pursuing studies in insurance and risk management, with amounts ranging from $1,000 to $2,500 per semester. This initiative not only fosters educational growth among students but also promotes the insurance industry as a viable career path. Furthermore, the foundation supports academic excellence by providing achievement awards to nine universities, enhancing the quality of education in the sector.

In addition to educational initiatives, the foundation contributes to community safety by distributing smoke alarms to fire departments across Texas, thereby increasing fire safety awareness and prevention. They also promote crime prevention with the distribution of Hide Lock and Take signs to police departments statewide, which help reduce vehicle thefts. Collectively, these efforts enhance education, promote safety, and strengthen communities across Texas.




This information is meant to be a general summary of Insurance Council Of Texas Education Foundation. 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.

Revenue
$139,612 (2022)
Expenses
$82,733 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $139,612

Assets and Liabilities:

  • Total Assets: $189,504
  • Total Liabilities: $0
  • Net Assets: $189,504

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Organization Details

Principal Officer

Tony Gonzalez

Main Address

5508 W US 290 HWY WB STE UNIT 100, Austin, TX, 78735

NTEE Category

Code: B82 - Education

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