Liabilities / Assets
75th percentile
Higher debt load relative to assets than 75% of similar nonprofits.
Insurance Council of Texas Education Foundation
EIN 20-8534633 • 501(c)3 • Austin, TX
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.05x
Liabilities / Revenue
80th percentile
Higher debt load relative to revenue than 80% of similar nonprofits.
Net Margin
24th percentile
Higher net margin than 24% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
41st percentile
Faster asset growth than 41% of similar nonprofits.
Revenue Growth
58th percentile
Faster revenue growth than 58% of similar nonprofits.
Balance Sheet
Assets
Down$154,286
Down $14,423 (-8.5%) from 2023
Liabilities
$8,317
No earlier filing loaded for comparison.
Net Assets
Down$145,969
Down $22,740 (-13%) from 2023
Revenue
Up$122,581
Up $4,734 (+4.0%) from 2023
Expenses
Up$145,321
Up $6,679 (+4.8%) from 2023
Net Income
Down-$22,740
Down $1,945 (-9.4%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $154,286
- Liabilities
- $8,317
- Net assets
- $145,969
- Revenue
- $122,581
- Expenses
- $145,321
- Net income
- -$22,740
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 16, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $122,581
Mission and Program Overview
Mission
See Schedule O
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SCHOLARSHIPS The Foundation gave scholarships to 40 students studying insurance and risk management at Texas universities in amounts ranging from 1,000 to 5,000. | - | $75,000 |
| PREVENTION SAFETY PROGRAM The Foundation promoted and distributed smoke alarm donations to fire departments and Hide, Lock Take signs to police departments, all located in Texas. | - | $39,331 |
| ACADEMIC ACHIEVEMENT AWARDS The Foundaton gave Academic Achievement Awards ranging from 750 to 5,000 to 9 Texas universities. | - | $30,950 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Tony Gonzalez | President | - | $0 | - | - |
| Craig Sparks | Trustee | - | $0 | - | - |
| Joe Johnson | Vice-President | - | $0 | - | - |
| Albert Betts Jr | Ex-Officio Trustee | - | $0 | - | - |
| Rick Gentry | Trustee | - | $0 | - | - |
| Errica Rivera | Trustee | - | $0 | - | - |
| John Schramm | Trustee | - | $0 | - | - |
| Felicia Hutchins | Trustee | - | $0 | - | - |
| Angela Doss | Trustee | - | $0 | - | - |
| John Henle | President | - | $0 | - | - |
| Max McClure | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Insurance Council of Texas Education Foundation
- EIN
- 20-8534633
- Phone
- 5124449611
- Address
- 5508 W US 290 HWY WB STE UNIT 100, Austin, TX 78735
Signing Officer
- Name
- John Henle
- Title
- President
- Phone
- 5124449611
- Signed
- 2025-05-16
- Discuss with paid preparer
- No
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 10, Grants Paid
“Activity Scholarships, Grantee Various, Cash Grant 75,000, Relationship”
Form 990-EZ, Part I, Line 10, Grants Paid
“Activity AAA Funding, Grantee Various, Cash Grant 30,950, Relationship”
Form 990-EZ, Part I, Line 10, Grants Paid
“Activity Prevention and Safety Programs, Grantee Various, Cash Grant 39,331, Relationship”
Form 990-EZ, Part I, Line 16, Other Expenses
“Bank Fees 40”
Form 990-EZ, Part II, Line 24, Other Assets
“Accounts Receivable Beginning of year 2,500, End of year 5,200”
Form 990-EZ, Part II, Line 26, Liabilities
“Accounts Payable Beginning of year 0, End of year 8,317”
Form 990-EZ, Part I, Line 10
“The Foundation awarded scholarships to 40 students, academic achievement awards to 9 universities, distributed smoke alarms to fire departments across Texas, and distributed Hide Lock and Take signs to police departments across Texas.”
Form 990-EZ, Part III, Line 28
“The organizations primary exempt purposes are to provide scholarships to students studying insurance or risk management courses at colleges and universities in Texas, to give monetary awards to colleges and universities in Texas to aid in enhancing their risk management and insurance courses/programs, and to educate the public on risk management.”
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 10 | Trustee |
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| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
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| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Activity Scholarships, Grantee Various, Cash Grant 75,000, Relationship |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Activity AAA Funding, Grantee Various, Cash Grant 30,950, Relationship |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Activity Prevention and Safety Programs, Grantee Various, Cash Grant 39,331, Relationship |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Bank Fees 40 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Accounts Receivable Beginning of year 2,500, End of year 5,200 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Accounts Payable Beginning of year 0, End of year 8,317 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | The Foundation awarded scholarships to 40 students, academic achievement awards to 9 universities, distributed smoke alarms to fire departments across Texas, and distributed Hide Lock and Take signs to police departments across Texas. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | The organizations primary exempt purposes are to provide scholarships to students studying insurance or risk management courses at colleges and universities in Texas, to give monetary awards to colleges and universities in Texas to aid in enhancing their risk management and insurance courses/programs, and to educate the public on risk management. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 10, Grants Paid |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 10, Grants Paid |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part I, Line 10, Grants Paid |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990-EZ, Part II, Line 24, Other Assets |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990-EZ, Part II, Line 26, Liabilities |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990-EZ, Part I, Line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990-EZ, Part III, Line 28 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-16 |
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| ReturnHeader/Filer/PhoneNum | 0 | 5124449611 |
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| ReturnHeader/Filer/USAddress/CityNm | 0 | Austin |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
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| ReturnHeader/ReturnTs | 0 | 2025-05-16T05:18:02-00:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
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