Overview
What is The Council Foundation?
The Council Foundation, located in Washington D.C., is a nonprofit organization committed to bolstering the commercial insurance brokerage business. They achieve this by granting scholarships to college and university students interning at council member firms, majoring in relevant fields such as business, risk management, and insurance. The foundation's mission is twofold: to attract and nurture future talent and encourage forward-thinking research in the sector. By providing educational support and fostering innovative studies, The Council Foundation aims to ensure the future prosperity of the commercial insurance brokerage industry.
Official website here: www.ciab.com
Is The Council Foundation legitimate?
The Council Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Council Foundation 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:
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For more financial information, click here
Official website here: www.ciab.com
What is the mission statement of The Council Foundation?
The Council Foundation's mission is centered around securing the future of the commercial insurance brokerage business. They achieve this by attracting and developing the next generation of talent and supporting forward-thinking research. The foundation awards scholarships to support college and university students interning at council member firms, majoring in relevant fields such as business, risk management, and insurance. This initiative aims to ensure the continuity and innovation of the commercial insurance brokerage industry.
Official website here: www.ciab.com
Who is the CEO of The Council Foundation?
Ken A Crerar is the CEO of The Council Foundation The CEO's salary of The Council Foundation is $88,626 and their total compensation is $1,827,855.
Official website here: www.ciab.com
What is the revenue of The Council Foundation?
The Council Foundation's revenue in 2023 was $734,858.
Official website here: www.ciab.com
Who are the executives of The Council Foundation and what are their salaries?
There 22 volunteers at The Council Foundation.
Here are 26 key members and their salaries (The Council Foundation's CEO's salary is $88,626 and their total compensation is $1,827,855):
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- Related: $951,199
- Other: $88,859
- Compensation: $88,626
- Related: $1,683,895
- Other: $55,334
- Compensation: $19,823
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- Other: $75,084
- Compensation: $18,080
- Related: $343,505
- Other: $70,335
- Compensation: $11,043
- Related: $357,072
- Other: $65,660
- Compensation: $9,412
- Related: $178,821
- Other: $53,632
Official website here: www.ciab.com
Where can I find the form 990 for The Council Foundation?
The Council Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ciab.com
Learn more at the official website: www.ciab.com
Mission Statement of The Council Foundation
The Council Foundation, a prominent organization, is dedicated to ensuring the longevity of the commercial insurance brokerage business. To achieve this goal, it focuses on attracting and nurturing the next generation of talent and backing innovative research. The foundation's mission is to secure a prosperous future for the commercial insurance brokerage industry by investing in the development of bright minds and supporting forward-thinking research.
In line with this mission, The Council Foundation offers scholarships to support selected college and university students interning at member firms. These students major in relevant fields such as business, risk management, and insurance. By providing financial assistance, the foundation encourages and empowers these young individuals, equipping them with the necessary skills and knowledge to contribute positively to the commercial insurance brokerage industry in the future. This proactive approach to talent development and research support is instrumental in securing the future of the industry and ensuring its continued success.
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Impact
October, 2024
The Council Foundation is making a significant impact on the future of the commercial insurance brokerage sector. By focusing on talent development, it plays a crucial role in attracting the next generation of professionals to the industry. This is achieved through scholarships awarded to college and university students majoring in business, risk management, and insurance, who are currently interning at member firms.
Moreover, the foundation supports forward-thinking research, which contributes to evolving practices and innovations within the field. By investing in education and research, The Council Foundation is directly influencing the sustainability and growth of the commercial insurance brokerage business, ensuring that it remains robust and responsive to industry changes. The collaborative efforts fostered by the foundation offer students invaluable real-world experience, bridging the gap between academia and practice, and ultimately enhancing the professional landscape of the insurance industry.
This information is meant to be a general summary of The Council 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $60,982
- Gross Receipts: $3,040,104
Assets and Liabilities:
- Total Assets: $3,044,272
- Total Liabilities: $2,027
- Net Assets: $3,042,245
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Organization Details
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