Captive Insurance Companies Association Inc

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

EIN: 237179221 ✦ St louis park, MN ✦ Designated as a 501(c)(6)

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Overview

What is Captive Insurance Companies Association Inc?

Captive Insurance Companies Association Inc, based in St. Louis Park, Minnesota, serves as a leading global association for captive insurance decision-makers. With a mission to provide unbiased information, knowledge, and leadership, this nonprofit organization aims to be the premier domain-neutral captive insurance association. CICA offers a multitude of benefits, including educational opportunities, networking events, and advocacy for the captive insurance industry. Their annual international conference attracts both members and non-members, fostering a collaborative environment for industry professionals. The association's modest workforce of one individual remains dedicated to its mission, contributing to the growth and development of the captive insurance sector.


Official website here: www.cicaworld.com

Is Captive Insurance Companies Association Inc legitimate?

Captive Insurance Companies Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Captive Insurance Companies Association Inc 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: $223,371
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cicaworld.com

What is the mission statement of Captive Insurance Companies Association Inc?

The Captive Insurance Companies Association Inc, often referred to as CICA, aims to serve as the premier global, domicile-neutral association for captive insurance decision-makers. Its mission is to provide unbiased information, knowledge, and leadership within the captive insurance industry. CICA is committed to offering the best networking, educational, and advocacy opportunities for its members and non-member registrants. The organization strives to be the leading source of support for individuals involved in the captive insurance sector. This is achieved through hosting international conferences that offer both educational and networking opportunities.


Official website here: www.cicaworld.com

Who is the CEO of Captive Insurance Companies Association Inc?

Dan Towle is the Past Chair of Captive Insurance Companies Association Inc.


Official website here: www.cicaworld.com

What is the revenue of Captive Insurance Companies Association Inc?

Captive Insurance Companies Association Inc's revenue in 2022 was $1,171,269.


Official website here: www.cicaworld.com

Who are the executives of Captive Insurance Companies Association Inc and what are their salaries?

The average compensation at Captive Insurance Companies Association Inc during 2022 was $223,371. There is 1 employee and 20 volunteers at Captive Insurance Companies Association Inc.


Here are 14 key members and their salaries:


Lance Abbott (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renea Louie (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Courtney Claflin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colin Donovan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deyna Feng (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Scott (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Zuckerman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Towle (President)
  • Compensation: $223,371
  • Related: $0
  • Other: $35,000
Nick Hentges (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Moriarty (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Udo Kappes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Prabal Lakhanpal (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Mcclure (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lauren Thomas (Excutive)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cicaworld.com

Where can I find the form 990 for Captive Insurance Companies Association Inc?

Captive Insurance Companies Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cicaworld.com

Learn more at the official website: www.cicaworld.com

Mission Statement of Captive Insurance Companies Association Inc

Captive Insurance Companies Association Inc, often referred to as CICA, strives to be the leading global, domicile-neutral association for all captive insurance decision-makers. Their mission is twofold: firstly, they aim to serve as the primary source of unbiased information, knowledge, and leadership within the captive insurance industry. Secondly, CICA is committed to providing the best networking, education, and advocacy opportunities for members and non-members alike within this industry. In essence, their goal is to act as a supportive and influential network for those involved in captive insurance, offering a wealth of resources and opportunities for growth and development.

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Impact




October, 2024

The Captive Insurance Companies Association Inc (CICA) plays a pivotal role in enhancing the captive insurance industry by serving as a central hub for unbiased information, knowledge, and leadership for decision-makers. Through its commitment to advocacy, CICA provides essential tools and resources that empower professionals in the field, fostering an environment conducive to innovation and growth.

By organizing international conferences, CICA creates valuable networking opportunities that connect industry stakeholders, facilitating the exchange of ideas and best practices. This engagement helps to strengthen the community around captive insurance and drives the industry forward.

Furthermore, CICA’s focus on education ensures that members and non-members alike have access to the latest developments and insights, enabling informed decision-making and the effective management of captive insurance operations. Overall, CICA's contributions significantly enhance industry standards and practices, driving positive change and improvement within the captive insurance landscape.




This information is meant to be a general summary of Captive Insurance Companies Association Inc. 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
$1,171,269 (2022)
Expenses
$1,133,653 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,779
  • Program Service Revenue: $872,990
  • Gross Receipts: $1,171,269

Assets and Liabilities:

  • Total Assets: $1,909,650
  • Total Liabilities: $561,360
  • Net Assets: $1,348,290

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONFERENCE FEES

Revenue

$603,669

MEMBERSHIP DUES

Revenue

$250,421

ADVOCACY

Revenue

$18,900

Organization Details

Founding Year

1973

Principal Officer

Dan Towle

Main Address

4248 PARK GLEN ROAD, ST LOUIS PARK, MN, 55416

NTEE Category

Code: S41 - Community improvement

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