Society Of Certified Insurance Counselors
- Assets
- $18.0m
- Revenue
- $13.4m
- Investments
- $5.0k
- Employees
- 109
- Location
- Austin, TX
- Founding
- 01/1976
- Data as of
- 12/2021
- EIN
- 74-1785679
Organization Overview
Society Of Certified Insurance Counselors is located in Austin, TX. The organization was established in 1976. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2021, Society Of Certified Insurance Counselors employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Certified Insurance Counselors 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 12/2021, Society Of Certified Insurance Counselors generated $13.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $12.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY CONTINUING PROFESSIONAL EDUCATION TO ALL INSURANCE AND RISK MANAGEMENT PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINAR AND INSTITUTE COSTS FOR THE EDUCATION OF CERTIFIEDINSURANCE COUNSELORS, CERTIFIED RISK MANAGERS, CERTIFIED PERSONAL RISK MANAGERS, AND CERTIFIED SCHOOL RISK MANAGERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny L Bolt Immediate Past Chairman | OfficerTrustee | 5 | $0 |
Mitch Dunford MBA Chief Marketing & Content Officer | Officer | 20 | $0 |
William T Hold PHD CIC CPCU Cl Executive Chairman | Officer | 20 | $0 |
Alex Lekhraj Chief Information Officer | Officer | 20 | $0 |
Danielle D Janecka Chief Experience Officer | Officer | 20 | $0 |
William J Hold MBA CRM Cisr Chief Executive Officer/president | Officer | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Resource Pro Llc Client Support Services | 12/30/21 | $260,193 |
Outplex Client Support Services | 12/30/21 | $243,964 |
Chetu Inc Contract It System Implementation Servic | 12/30/21 | $170,200 |
Trueit Llc Contract It System Implementation Servic | 12/30/21 | $179,398 |
Marble Box Client Support Services | 12/30/21 | $175,736 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,303,474 |
| 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 | $2,303,474 |
| Total Program Service Revenue | $9,635,374 |
| Investment income | $104,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,089 |
| Net Gain/Loss on Asset Sales | $797,261 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,351,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $400,000 |
| Grants and other assistance to domestic individuals. | $3,676 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,748 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,494 |
| Fees for services: Accounting | $44,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,139 |
| Fees for services: Other | $738,422 |
| Advertising and promotion | $232,804 |
| Office expenses | $591,072 |
| Information technology | $267,766 |
| Royalties | $0 |
| Occupancy | $143,214 |
| Travel | $2,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,260,200 |
| Interest | $147,525 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $648,367 |
| Insurance | $223,819 |
| All other expenses | $62,875 |
| Total functional expenses | $12,602,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,082 |
| Savings and temporary cash investments | $10,082,118 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,201,636 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,595 |
| Prepaid expenses and deferred charges | $424,937 |
| Net Land, buildings, and equipment | $6,187,812 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,995 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $901 |
| Total assets | $18,011,076 |
| Accounts payable and accrued expenses | $482,296 |
| Grants payable | $3,195 |
| Deferred revenue | $2,620,926 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,100,716 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,193,802 |
| Total liabilities | $12,400,935 |
| Net assets without donor restrictions | $5,610,141 |
| 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 | $18,011,076 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crescent City Schools New Orleans, LA | $11,487,140 | $33,750,977 |
American Board Of Obstetrics And Gynecology Inc Dallas, TX | $79,504,335 | $23,118,641 |
Communities In Schools Of Central Texas Austin, TX | $11,661,936 | $18,363,713 |
Association Of Texas Professional Educators Austin, TX | $26,286,970 | $12,638,531 |
Society Of Certified Insurance Counselors Austin, TX | $18,011,076 | $13,351,185 |
Good Reason Houston Inc Houston, TX | $15,216,184 | $12,441,249 |
The Teaching Trust Dallas, TX | $0 | $1,277,048 |
Oklahoma Education Association Oklahoma City, OK | $8,207,045 | $7,151,066 |
Texas Classroom Teachers Association Austin, TX | $18,131,963 | $5,396,688 |
National Diversity Council Houston, TX | $4,256,858 | $6,138,107 |
American Case Management Association Little Rock, AR | $1,766,697 | $2,995,171 |
Texas Computer Education Association Austin, TX | $6,144,235 | $4,520,658 |