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Nonprofiteer
← CAPTIVE INSURANCE COMPANIES ASSOCIATION INC

Form 990 for tax year 2023

Filed by CAPTIVE INSURANCE COMPANIES ASSOCIATION INC.

Totals

Total revenue
$1,496,137
Total expenses
$1,350,977
Contributions and grants received
$322,300
Grants paid
$17,500
Program service revenue
$1,122,558
Investment income
$51,279
Other revenue
$0
Total assets, end of year
$2,273,921
Total liabilities, end of year
$780,471
Net assets or fund balances, end of year
$1,493,450
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$924,943

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $322,300

  • 2a · Program service revenue: CONFERENCE FEES

    total $728,578 · related or exempt $728,578

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $393,980 · related or exempt $393,980

  • 3 · Investment income

    total $51,279 · excluded $51,279

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,500

  • 5 · Compensation of officers, directors and key employees

    total $322,902

  • 10 · Payroll taxes

    total $12,945

  • 11c · Fees: accounting

    total $9,615

  • 11d · Fees: lobbying

    total $5,000

  • 12 · Advertising and promotion

    total $35,720

  • 13 · Office expenses

    total $63,314

  • 14 · Information technology

    total $37,310

  • 17 · Travel

    total $28,813

  • 19 · Conferences, conventions and meetings

    total $627,888

  • 23 · Insurance

    total $2,663

  • 24a · Other expenses: UNALLOCATED MANAGEMENT

    total $95,852

  • 24b · Other expenses: MEMBERSHIP

    total $40,657

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $21,172

  • 24d · Other expenses: BOARD OF DIRECTORS

    total $15,824

  • 24e · All other expenses

    total $13,802

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $637,403 · end of year $716,172

  • 9 · Prepaid expenses and deferred charges

    beginning of year $205,256 · end of year $144,687

  • 12 · Investments: other securities

    beginning of year $1,066,991 · end of year $1,413,062

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,014 · end of year $35,167

  • 19 · Deferred revenue

    beginning of year $528,346 · end of year $745,304

  • 27 · Net assets without donor restrictions

    beginning of year $1,348,290 · end of year $1,493,450

Mission and programs · 2023

Mission

CICA'S MISSION IS TO BE THE PREMIER GLOBAL DOMICILE-NEUTRAL CAPTIVE INSURANCE ASSOCIATION AND TO BE THE BEST SOURCE OF UNBIASED INFORMATION, KNOWLEDGE, AND LEADERSHIP FOR CAPTIVE INSURANCE DECISION MAKERS. CICA COMMITS TO PROVIDING THE BEST NETWORKING, EDUCATION, AND ADVOCACY FOR THE CAPTIVE INSURANCE INDUSTRY.

  • INTERNATIONAL CONFERENCE PROVIDING EDUCATIONAL AND NETWORKING OPPORTUNITIES FOR MEMBERS AND NON-MEMBER REGISTRANTS.

    Expenses $603,935 · Revenue $1,050,878

  • MEMBERSHIP TO CAPTIVE COMPANIES AND RELATED PROVIDERS

    Expenses $321,008 · Revenue $393,980

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Renea Louie

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Courtney Claflin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Colin Donovan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deyna Feng

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Zuckerman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Towle

    PRESIDENT

    Total calculated
    $322,902
    From this org
    $280,402
    From related orgs
    $0
    Other
    $42,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,402
    Bonus
    $80,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $42,500
    Filer's total
    $322,902

  • Nick Hentges

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mary Moriarty

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Udo Kappes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Prabal Lakhanpal

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Heather McClure

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lauren Thomas

    EXCUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Baker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • ICCIE

    $17,500

    USED TO OFFER SCHOLARSHIPS TO INDIVIDUALS

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202433139349301743

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