The foundation's mission is to secure the future of the commercial insurance brokerage business by attracting and developing tomorrow's talent and supporting forward-thinking research.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$65K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $101K a year · 16% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$65K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
20 mo
of spending, in cash
Plus $2.6M in investments, Pt X · Ln 11–13
Looks good: 19.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$530K
Spent
$365K
To programs
92%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$530K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$530K
FY2021$658K
FY2022$579K
FY2023$735K
FY2024$719K
Expenses
$365K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$365K
FY2021$496K
FY2022$566K
FY2023$608K
FY2024$680K
Net assets
$3.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$3.5M
FY2022$3.0M
FY2023$3.4M
FY2024$3.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1998.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $337K Management & general 8% · $27K

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

Something off? Claim to add context

Who runs it and what they're paid

21 people listed on the 990; $65K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary, President/CEO of Ciab
$31,194Pt VII · Sec A
Senior Vice President
$15,523Pt VII · Sec A
Chief Financial Officer
$7,745Pt VII · Sec A
Senior Vice President
$6,746Pt VII · Sec A
Senior Vice President
$3,436Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Elizabeth McDaid$18,080$117,182$6,681$6,746
Ken a Crerar$88,626——$31,194
Ken Crerar—$60,999$23,869—
Benita Harrison-Wickline$19,823$21,322$18,926$7,745
Susan Rushford$11,043$18,169—$3,436
Webb B Milward——$3,678$15,523
Nicole Vasile$9,412———
Mauren Lilenthal——$1,603—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Council Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 15aNo

Programs and updates

Attracts and develops talent and supports research to secure the future of commercial insurance brokerage.

Questions for The Council Foundation

Tap to ask. The Council Foundation sees how many people are interested.

Your first name shows with your question. The Council Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $337K · in their own filed words · FY2020
01

The foundations awards scholarships to support select college and university students currently interning at council member firms that also major in business, risk management and insurance.

$337Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$25K
Grants paid · 13 grants · $2.2M · 2020–2024
Unitemized GrantFY2024$392,500
Unitemized GrantFY2023$395,000
Gamma Iota SigmaOH · FY2023$25,000
Unitemized GrantFY2022$375,000
Gamma Iota SigmaOH · FY2022$25,000
Unitemized GrantFY2021$382,200
Gamma Iota SigmaOH · FY2021$25,000
Unitemized GrantFY2020$250,000
Gamma Iota SigmaOH · FY2020$25,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$530K
Ln 12
Gifts and grantsLn 1h$472K
Investment incomeLn 3$58K
Money outPt IX
$365K
Ln 25
Programscol B$337K
Managementcol C$27K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$597K
Total assetsLn 16$3.3M
LiabilitiesLn 26$5K
PeoplePt VI, VII
21
listed · VII A
PaidVII A5
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$472K
Investment incomeLn 3$58K
Gains on assetsLn 7$1K
Total revenueLn 12$530K
Assets in detailPt X, end of year
CashLn 1$585K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$597K
InvestmentsLn 11–13$2.6M
Other assetsLn 15$122K
Total assetsLn 16$3.3M
LiabilitiesLn 26$5K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
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 FY20End FY20
Cash and savingsLn 1–2$260K$597K
InvestmentsLn 11–13$2.6M$2.6M
Total assetsLn 16$2.8M$3.3M
LiabilitiesLn 26$5K$5K
Net assetsLn 32$2.8M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K$25K
Grants to domestic individualsLn 2$250K$250K
Accounting feesLn 11c$10K$10K
Investment management feesLn 11f$16K$16K
Office expensesLn 13$1K$1K
Other expenses (24a–d)Ln 24$62K$62K$10
Total functional expensesLn 25$365K$337K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $719K$680K$39K$3.5M 990 PDF
FY2023 $735K$608K$127K$3.4M 990 PDF
FY2022 $579K$566K$13K$3.0M 990 PDF
FY2021 $658K$496K$162K$3.5M 990 PDF
FY2020 Viewing $530K$365K$165K$3.3M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $529,996 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $382,468$472,445
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $296,671$57,551
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $679,139$529,996
I-13 Grants and similar amounts paidPrior year $380,000$275,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $105,708$89,569
I-18 Total expensesPrior year $485,708$364,569
I-19 Revenue less expensesPrior year $193,431$165,427
Part VI · Governance 16 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $529,996 across 5 lines filed
VIII-1f All other contributions, gifts and grants$472,445
VIII-1h Total contributions, gifts and grants$472,445
VIII-3 Investment incomeExcluded from tax $56,314$56,314
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,237$1,237
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $57,551$529,996
Part IX · Statement of functional expenses $364,569 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $25,000$25,000
IX-2 Grants to domestic individualsPrograms $250,000$250,000
IX-11c Accounting feesManagement $9,980$9,980
IX-11f Investment management feesManagement $16,303$16,303
IX-13 Office expensesManagement $1,153$1,153
IX-24 Other expenses (24a–d)Programs $62,123 · Management $10$62,133
IX-25 Total functional expensesPrograms $337,123 · Management $27,446 · Fundraising $0$364,569
Part X · Balance sheet $3,306,403 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $250,824$585,459
X-2 Savings and temporary cash investmentsStart of year $8,815$11,193
X-4 Accounts receivable$407
X-11 Publicly traded securitiesStart of year $2,556,615$2,587,618
X-15 Other assetsStart of year $32,585$121,726
X-16 Total assetsStart of year $2,848,839$3,306,403
X-17 Accounts payable and accrued expensesStart of year $4,995$5,000
X-26 Total liabilitiesStart of year $4,995$5,000
X-27 Net assets without donor restrictionsStart of year $2,211,555$2,557,641
X-28 Net assets with donor restrictionsStart of year $632,289$743,762
X-32 Total net assets or fund balancesStart of year $2,843,844$3,301,403
X-33 Total liabilities and net assetsStart of year $2,848,839$3,306,403
Part XI · Reconciliation of net assets $3,301,403 net assets at year end
XI-1 Total revenue$529,996
XI-2 Total expenses$364,569
XI-3 Revenue less expenses$165,427
XI-4 Net assets at start of year$2,843,844
XI-5 Net unrealized gains (losses) on investments$292,132
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,301,403

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.