Is International Center For Captive Insurance Education Inc Legit?
Quick charity verification for International Center For Captive Insurance Education Inc (EIN: 200047555)
Verdict: International Center For Captive Insurance Education Inc appears trustworthy
90/100Mission Score
$640KRevenue
$543KAssets
1Red Flags
5Strengths
Red Flags
Unclear details on how leadership is compensated if officer compensation is consistently 0% for an organization of this size, which could indicate a lack of transparency in reporting full compensation structures.
Strengths
Consistent revenue growth over a decade, from $327,791 in 2013 to $640,024 currently.
Positive net assets and strong financial stability, with assets growing from $133,737 in 2013 to $542,933 currently.
Zero reported officer compensation across all filings, suggesting high efficiency in leadership costs.
Long and consistent IRS 990 filing history (12 filings), indicating strong transparency.
Expenses consistently below revenue, demonstrating sound financial management and ability to build reserves.
Spending Breakdown
How International Center For Captive Insurance Education Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about International Center For Captive Insurance Education Inc
Is International Center For Captive Insurance Education Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, International Center For Captive Insurance Education Inc (EIN: 200047555) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is International Center For Captive Insurance Education Inc a good charity to donate to?
International Center For Captive Insurance Education Inc has a Mission Score of 90/100. Revenue: $640K. Assets: $543K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for International Center For Captive Insurance Education Inc?
The Employer Identification Number (EIN) for International Center For Captive Insurance Education Inc is 200047555. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does International Center For Captive Insurance Education Inc spend its money?
International Center For Captive Insurance Education Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify International Center For Captive Insurance Education Inc's tax-exempt status?
You can verify International Center For Captive Insurance Education Inc's tax-exempt status using EIN 200047555 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The International Center For Captive Insurance Education Inc (ICCIE) demonstrates consistent financial health and growth over the past decade. Revenue has shown a positive trend, increasing from $327,791 in 2013 to $435,209 in 2022, with the latest reported revenue at $640,024. The organization consistently operates with a surplus, as expenses are generally lower than revenue, contributing to a steady increase in assets from $133,737 in 2013 to $321,379 in 2022, and currently $542,933. This indicates sound financial management and an ability to build reserves.
Spending efficiency appears strong, particularly given that officer compensation has been reported as 0% across all available filings. This suggests that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive indicator of resource allocation towards its mission. The consistent growth in assets relative to liabilities also points to a healthy balance sheet.
Transparency is high, with a consistent filing history of 12 IRS 990 forms, providing a clear financial record over many years. The absence of reported officer compensation is a notable aspect of its financial structure, which, while potentially indicating volunteer leadership, would benefit from further clarification in the filings regarding how leadership is supported or if it's entirely pro bono. Overall, ICCIE appears to be a well-managed and financially stable organization.