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Nonprofiteer
← INDUSTRY EDUCATION COUNCIL TO NCOIL INC

Form 990 for tax year 2023

Filed by INDUSTRY EDUCATION COUNCIL TO NCOIL INC.

Totals

Total revenue
$88,112
Total expenses
$90,197
Contributions and grants received
$87,500
Grants paid
$46,000
Program service revenue
$0
Investment income
$612
Other revenue
$0
Total assets, end of year
$174,012
Total liabilities, end of year
$73,333
Net assets or fund balances, end of year
$100,679
Program services expenses (Part IX)
$72,354
Management and general expenses
$17,843
Fundraising expenses
$0
Program service expenses (Part III)
$72,354

Program services were 80.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1b · Membership dues

    $87,500

  • 3 · Investment income

    total $612 · excluded $612

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $46,000 · program services $46,000

  • 11a · Fees: management

    total $30,000 · program services $18,000 · management and general $12,000

  • 11c · Fees: accounting

    total $2,700 · management and general $2,700

  • 17 · Travel

    total $7,162 · program services $7,162

  • 23 · Insurance

    total $1,950 · management and general $1,950

  • 24a · Other expenses: MISCELLANEOUS

    total $2,385 · program services $1,192 · management and general $1,193

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $71,101 · end of year $32,572

  • 2 · Savings and temporary cash investments

    beginning of year $77,163 · end of year $141,440

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,500 · end of year $2,500

  • 19 · Deferred revenue

    beginning of year $43,000 · end of year $70,833

  • 27 · Net assets without donor restrictions

    beginning of year $102,764 · end of year $100,679

Mission and programs · 2023

Mission

PROVIDE FINANCIAL AND EDUCATIONAL SUPPORT FOR NCOIL PROGRAMS & RESEARCH AND FOR THE INSURANCE LEGISLATORS FOUNDATION.

  • PROVIDE FINANCIAL SUPPORT FOR EDUCATIONAL RESEARCH AND INFORMATIONAL PROGRAMS AND PROJECTS ASSOCIATED WITH THE NATIONAL COUNCIL OF INSURANCE LEGISLATORS AND THE INSURANCE LEGISLATORS FOUNDATION.

    Expenses $46,000 · Grants $46,000

  • MEETINGS, TOPIC DEVELOPMENT, AND NEWSLETTER ARTICLE DEVELOPMENT.

    Expenses $26,354

As filed on the 2023 return.

Listed in Part VII

  • Nancy Crespo

    SECRETARY/TR

    Total calculated
    $0

  • Suzanne Loomis

    VICE CHAIR

    Total calculated
    $0

  • Francis O'Brien

    IMMEDIATE PA

    Total calculated
    $0

  • Lisa Pierce

    CHAIR

    Total calculated
    $0

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.0
Source object
202413099349302621

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