Northwest Insurance Council
- Assets
- $294.6k
- Revenue
- $505.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Olympia, WA
- Founding
- 05/1969
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Northwest Insurance Council generated $505.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $475.2k during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 9 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
2023
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.
WEB PAGE - PROVIDE INFORMATION AND EDUCATION ON GENERAL INSURANCE TOPICS.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Allen Chair | OfficerTrustee | 1 | $0 |
Angela Doss Vice Chair | OfficerTrustee | 1 | $0 |
Jeff Sauls Treasurer | OfficerTrustee | 1 | $0 |
Melanie Thurlow Secretary | OfficerTrustee | 1 | $0 |
Bill Clumpner General Counsel/board | Trustee | 1 | $0 |
Veronica Vanslyke 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 | $4,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,000 |
| Total Program Service Revenue | $501,500 |
| Investment income | $108 |
| 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 | $505,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| 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. | $233,946 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,400 |
| Pension plan accruals and contributions | $1,963 |
| Other employee benefits | $16,937 |
| Payroll taxes | $18,587 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,988 |
| Fees for services: Lobbying | $80,460 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,300 |
| Office expenses | $5,875 |
| Information technology | $8,123 |
| Royalties | $0 |
| Occupancy | $6,047 |
| Travel | $9,283 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,087 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,213 |
| All other expenses | $0 |
| Total functional expenses | $475,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $294,649 |
| 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 | $294,649 |
| Accounts payable and accrued expenses | $338 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $5,338 |
| 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 | $289,311 |
| Total liabilities and net assets/fund balances | $294,649 |