Federation Of Insurance And Corporate Counsel Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,200,082 | 2,310,070 | −109,988 | 5.5 | 0% |
| 2012 | 2,240,135 | 2,466,895 | −226,760 | 4.4 | 0% |
| 2013 | 2,057,163 | 2,037,703 | 19,460 | 5.6 | 0% |
| 2014 | 2,219,909 | 2,097,509 | 122,400 | 6.3 | 0% |
| 2015 | 2,349,912 | 2,168,583 | 181,329 | 7.1 | 0% |
| 2016 | 2,358,600 | 2,375,466 | −16,866 | 6.6 | 0% |
| 2017 | 2,550,591 | 2,567,933 | −17,342 | 5.8 | 0% |
| 2018 | 2,697,693 | 2,992,692 | −294,999 | 3.8 | 0% |
| 2019 | 2,562,266 | 2,032,785 | 529,481 | 8.7 | 0% |
| 2020 | 1,877,074 | 1,550,817 | 326,257 | 13.9 | 0% |
| 2021 | 1,923,576 | 1,887,397 | 36,179 | 11.6 | 0% |
| 2022 | 2,347,929 | 2,300,817 | 47,112 | 8.8 | 0% |
| 2023 | 3,004,417 | 2,971,296 | 33,121 | 7.0 | 0% |
In its most recent public year (2023), this organization brought in $33,121 more than it spent. Its reserves stood at about 7 months of spending, up from 5.5 in 2011. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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