Public Charity

Insurance Council of Texas Education Foundation

Insurance Council of Texas Education Foundation is a nonprofit organization categorized as Public Charity based in Austin, TX. Its most recent IRS filing (2025) reports revenue of $212K, expenses of $170K, total assets of $298K. Imperigo tracks 11 reported grant relationships connected to this organization totaling approximately $485K.

EIN: 208534633 Austin, TX Scholarships & Student Financial Aid NTEE: B82 Latest filing: 2025
Total Revenue$212K
Total Expenses$170K
Total Assets$298K
Grant Records11
Funding Total$485K
Filing Years2021–2025

Mission

The mission of the ICT Education Foundation is to promote career opportunities in the Property and Casualty insurance industry, through scholarships and other financial support, for university students enrolled in risk management and insurance programs at participating Texas universities.

Where $100 goes at Insurance Council of Texas Education Foundation

How Insurance Council of Texas Education Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$47
PREVENTION SAFETY PROGRAM The foundation promoted and distributed smoke alarm donations to fire departments and Hide, Lock and Take signs to police departments, all located in Texas
47% of program spending
$40
SCHOLARSHIPS The foundation gave scholarships to 37 students studying insurance and risk management at Texas universities in amounts ranging from 1,000 to 5,000
40% of program spending · Reported in the filing: 37 students
$13
ACADEMIC ACHIEVEMENT AWARDS The Foundation gave Academic Achievement Awards ranging from 125 to 3,970 to 9 Texas universities
13% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Ex-officio Trustee Albert Betts Jr
Vice President Angela Doss
Trustee Craig Sparks
Trustee Debra Richardson
Trustee Errica Rivera
Trustee Felicia Hutchins

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$265,065 6 grants
Education
$220,000 5 grants

Financial Trends

Year Revenue Expenses Assets
2025 $212K $170K $298K
2024 $123K $145K $154K
2023 $118K $139K $169K
2022 $140K $83K $190K
2021 $114K $87K $135K

Between 2021 and 2025, reported annual revenue grew from $114K to $212K (+86%), with total assets most recently reported at $298K.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Insurance Council of Texas Education Foundation

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