Insurance Collection Executives

Not tax-deductible

Chester, NJ501(c)(6)Since 2005Community DevelopmentEIN 20-2823015

Provide a forum that allows a diverse group of insurance collection professionals to share ideas, new technologies, innovative processes, and common challenges under the umbrella of ice - afforded antitrust protection.

64¢ of each $1 spent went to programs.
Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $18K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$81K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 10 voting members
Concern: none of 10 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$478K
-6% vs prior year
Spent
$496K
To programs
64%
Net assets
$340K
By yearFY2021–FY2025
Revenue
$478K
FY2025▼ -6%
Revenue by fiscal year
FY2021$192K
FY2022$172K
FY2023$350K
FY2024$460K
FY2025$510K
FY2025$478K
Expenses
$496K
FY2025▲ +2%
Expenses by fiscal year
FY2021$229K
FY2022$208K
FY2023$412K
FY2024$443K
FY2025$487K
FY2025$496K
Net assets
$340K
FY2025▼ -5%
Net assets by fiscal year
FY2021$413K
FY2022$380K
FY2023$318K
FY2024$336K
FY2025$358K
FY2025$340K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $317K Management & general 36% · $179K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Insurance Collection Executives executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects insurance collection professionals to share ideas and innovations.

Provided by the organization

This section is blank until Insurance Collection Executives claims this page.

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1 program service account for $317K of program spending, described in the organization's own filed words · FY2025.
01

Through the Annual Convention, Website and Printed Materials

Provided opportunities for personal development and improved performance; help improve industry awareness through enhanced networking partnerships with other carriers and service providers; strengthened opportunity to introduce industry wide change; providing educational opportunities for member companies; offered an unparalleled annual…

$317Kprogram expense

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$478K
Ln 12
Fees for servicesLn 2g$357K
Gifts and grantsLn 1h$111K
Investment incomeLn 3$10K
Money outPt IX
$496K
Ln 25
Programscol B$317K
Managementcol C$179K
Owns and owesPt X
$340K
net assets · Ln 32
Cash and savingsLn 1–2$411K
Total assetsLn 16$421K
LiabilitiesLn 26$81K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$111K
Fees for servicesLn 2g$357K
Investment incomeLn 3$10K
Total revenueLn 12$478K
Assets in detailPt X, end of year
CashLn 1$66K
SavingsLn 2$345K
Cash and savings togetherLn 1–2$411K
Total assetsLn 16$421K
LiabilitiesLn 26$81K
Net assetsLn 32$340K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$414K$411K
Total assetsLn 16$445K$421K
LiabilitiesLn 26$86K$81K
Net assetsLn 32$358K$340K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$63K$39K$24K
Legal feesLn 11b$37K$37K
Accounting feesLn 11c$8K$1K$7K
Other fees for servicesLn 11g$82K$19K$63K
Advertising and promotionLn 12$6K$6K$1
Office expensesLn 13$19K$7K$12K
Information technologyLn 14$8K$5K$2K
OccupancyLn 16$210K$206K$4K
TravelLn 17$18K$4K$14K
Conferences, conventions and meetingsLn 19$25K$25K
InsuranceLn 23$6K$2K$4K
Other expenses (24a–d)Ln 24$13K$2K$11K
Total functional expensesLn 25$496K$317K$179K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $510K$487K$23K$358K 990 PDF
FY2024 $460K$443K$17K$336K 990 PDF
FY2023 $350K$412K−$62K$318K 990 PDF
FY2022 $172K$208K−$35K$380K 990 PDF
FY2021 $192K$229K−$36K$413K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $477,763 across 7 lines filed
VIII-1b Membership dues$110,500
VIII-1f All other contributions, gifts and grants$90
VIII-1h Total contributions, gifts and grants$110,590
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $357,245$357,245
VIII-3 Investment incomeRelated to mission $9,928$9,928
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $367,173 · Unrelated business $0 · Excluded from tax $0$477,763
Part IX · Statement of functional expenses $495,745 across 12 lines filed
IX-11a Management feesPrograms $39,169 · Management $24,137$63,306
IX-11b Legal feesManagement $36,732$36,732
IX-11c Accounting feesPrograms $1,259 · Management $6,856$8,115
IX-11g Other fees for servicesPrograms $18,711 · Management $63,350$82,061
IX-12 Advertising and promotionPrograms $6,365 · Management $1$6,366
IX-13 Office expensesPrograms $7,283 · Management $12,055$19,338
IX-14 Information technologyPrograms $5,354 · Management $2,361$7,715
IX-16 OccupancyPrograms $206,062 · Management $3,967$210,029
IX-17 TravelPrograms $4,240 · Management $14,054$18,294
IX-19 Conferences, conventions and meetingsPrograms $25,150$25,150
IX-23 InsurancePrograms $1,864 · Management $4,235$6,099
IX-24 Other expenses (24a–d)Programs $1,520 · Management $11,020$12,540
IX-25 Total functional expensesPrograms $316,977 · Management $178,768 · Fundraising $0$495,745
Part X · Balance sheet $421,447 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $93,928$65,694
X-2 Savings and temporary cash investmentsStart of year $320,049$345,280
X-9 Prepaid expenses and deferred chargesStart of year $30,914$10,473
X-16 Total assetsStart of year $444,891$421,447
X-17 Accounts payable and accrued expensesStart of year $25,698$25,071
X-19 Deferred revenueStart of year $60,735$55,900
X-26 Total liabilitiesStart of year $86,433$80,971
X-27 Net assets without donor restrictionsStart of year $347,985$330,003
X-28 Net assets with donor restrictionsStart of year $10,473$10,473
X-32 Total net assets or fund balancesStart of year $358,458$340,476
X-33 Total liabilities and net assetsStart of year $444,891$421,447
Part XI · Reconciliation of net assets $340,476 net assets at year end
XI-1 Total revenue$477,763
XI-2 Total expenses$495,745
XI-3 Revenue less expenses−$17,982
XI-4 Net assets at start of year$358,458
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$340,476

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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