Insurance Tax Conference Inc

Organization Overview

Insurance Tax Conference Inc is located in Lombard, IL. The organization was established in 1976. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Insurance Tax Conference Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Insurance Tax Conference Inc generated $222.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $225.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ITC PROVIDES AN EDUCATIONAL FORUM FOR INSURANCE PROFESSIONALS TO EXCHANGE AND DISCUSS ISSUES AND IDEAS RELATING TO THE TAXATION OF INSURANCE COMPANIES AND IDEAS RELATING TO THE TAXATION OF INSURANCE COMPANIES AND INSURANCE PRODUCTS. THE ITC HOLDS AN ANNUAL MEETING ATTENDED BY ABOUT 535 MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ITC CONDUCTED ITS ANNUAL EDUCATIONAL MEETING VIRTUALLY NOVEMBER 30 - DECEMBER 2 2021. THE MEETING WAS ATTENDED BY APPROXIMATELY 535 INSURANCE TAX PROFESSIONALS AND CONTINUING EDUCATIONAL CREDITS WERE AVAILABLE FOR ATTENDEES. TWELVE SESSIONS WERE OFFERED AT THE 2021 MEETING FEATURING LEADING EXPERTS LAWYERS ACCOUNTANTS AND ACTUARIES FROM AROUND THE COUNTRY.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$222,700
Investment income $80
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $222,780

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