Northwest Insurance Council
- Assets
- $254.8k
- Revenue
- $455.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Olympia, WA
- Founding
- 05/1969
- Data as of
- 12/2021
- EIN
- 91-0842783
Organization Overview
Northwest Insurance Council is located in Olympia, WA. The organization was established in 1969. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Northwest Insurance Council employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Insurance Council 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, Northwest Insurance Council generated $455.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $421.3k during the year ending 12/2021. While expenses have increased by 5.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE INSURANCE INDUSTRY'S INTERESTS THROUGH EDUCATION & INFORMATION DISSEMINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDIA & PUBLIC RELATIONS- NEWS RELEASES AND INTERVIEWS TO EDUCATE THE PUBLIC ABOUT INSURANCE.
CONSUMER EDUCATION - PROVIDE ACCURATE INSURANCE INFORMATION TO THE INDUSTRY, PUBLIC POLICY MAKERS, CONSUMERS, AND MEDIA
INDUSTRY RELATIONS - PRINT AND MAIL NEWSLETTERS TO MEMBERS AND MEDIA ON INSURANCE COUNCIL PROGRAMS AND INDUSTRY DEVELOPMENTS.
WEB PAGE - PROVIDE INFORMATION AND EDUCATION ON GENERAL INSURANCE TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenton Brine President | Officer | 40 | $192,506 |
Harris Clarke Vice Chair | OfficerTrustee | 1 | $0 |
Michael Paiva Treasurer | OfficerTrustee | 1 | $0 |
Athan Shinas Chair | OfficerTrustee | 1 | $0 |
Brian Allen Secretary | OfficerTrustee | 1 | $0 |
Angela Doss Trustee | Trustee | 1 | $0 |
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 | $1,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $453,500 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $455,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,500 |
| 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. | $228,263 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,002 |
| Pension plan accruals and contributions | $1,710 |
| Other employee benefits | $18,220 |
| Payroll taxes | $17,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,323 |
| Fees for services: Lobbying | $56,317 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,964 |
| Office expenses | $4,872 |
| Information technology | $6,324 |
| Royalties | $0 |
| Occupancy | $5,619 |
| Travel | $4,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,001 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $496 |
| All other expenses | $0 |
| Total functional expenses | $421,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $455 |
| Savings and temporary cash investments | $254,358 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $254,813 |
| Accounts payable and accrued expenses | $713 |
| Grants payable | $0 |
| Deferred revenue | $46,500 |
| 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 | $47,213 |
| Net assets without donor restrictions | $0 |
| 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 | $207,600 |
| Total liabilities and net assets/fund balances | $254,813 |
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|---|---|---|
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Oregon Processors Employees Trust Portland, OR | $10,788,893 | $16,907,062 |
San Diego City Employees Retiree Medical Trust Spokane, WA | $249,053,704 | $31,450,538 |
Washington Life And Disability Guaranty Association Shelton, WA | $17,623,213 | $10,170,457 |
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Hagadone Employee Benefit Trust Coeur Dalene, ID | $293,742 | $6,679,723 |
Apartment Employees Welfare Fund Seattle, WA | $5,477,744 | $6,534,681 |