Florida Insurance Council Inc
- Assets
- $1.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Tallahassee, FL
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 59-0996633
Organization Overview
Florida Insurance Council Inc is located in Tallahassee, FL. The organization was established in 1996. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Florida Insurance Council Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Insurance Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Florida Insurance Council Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE INSURANCE INDUSTRY IN THE STATE OF FLORIDA THROUGH EDUCATION, PUBLIC RELATIONS, AND LEGISLATIVE AND REGULATORY REPRESENTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS AND WORKSHOPS - ENABLE THE COUNCIL TO EDUCATE ITS MEMBERSAND THE GENERAL PUBLIC ON ISSUES IMPACTING THE INSURANCE INDUSTRY.
SPECIAL PROJECTS - ENABLE THE COUNCIL TO BECOME INVOLVED INSPECIAL PROJECTS THAT ARE OF INTEREST TO ITS MEMBERS AND ARERELATED TO LEGISLATIVE AND REGULATORY CHANGES AFFECTING THEINSURANCE INDUSTRY IN FLORIDA.
ANNUAL CONFERENCE - ENABLE THE COUNCIL TO PROMOTE THE INSURANCEINDUSTRY IN FLORIDA THROUGH EDUCATION, PUBLIC RELATIONS, ANDLEGISLATIVE AND REGULATORY REPRESENTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Musser Past Chair/chair | OfficerTrustee | 1 | $0 |
David Pizzi Chair/chair-Elect | OfficerTrustee | 1 | $0 |
David Ward Past Chair (partial Year) | OfficerTrustee | 1 | $0 |
Raymond G Waugh Jr Chair-Elect (partial Year) | OfficerTrustee | 1 | $0 |
Peggy Camerino Secretary/treasurer | OfficerTrustee | 1 | $0 |
Richard Thompson Secretary (partial Year) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Floridian Partners Llc Consulting Services | 12/30/19 | $164,180 |
Paul P Sanford & Associates Consulting Services | 12/30/19 | $123,712 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,749,397 |
| Investment income | $3,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,219 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,759,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $476,268 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $298,622 |
| Pension plan accruals and contributions | $6,555 |
| Other employee benefits | $52,400 |
| Payroll taxes | $33,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,760 |
| Fees for services: Lobbying | $513,664 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,400 |
| Advertising and promotion | $0 |
| Office expenses | $29,717 |
| Information technology | $216 |
| Royalties | $0 |
| Occupancy | $71,624 |
| Travel | $61,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,248 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,991 |
| All other expenses | $0 |
| Total functional expenses | $1,745,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $659,148 |
| Savings and temporary cash investments | $620,454 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $582 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,351 |
| Total assets | $1,287,535 |
| Accounts payable and accrued expenses | $6,247 |
| Grants payable | $0 |
| Deferred revenue | $295,962 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $302,209 |
| Net assets without donor restrictions | $985,326 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,287,535 |