Is International Center For Captive Insurance Education Inc Legit?

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.