TY 2019 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-1150

2019

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
TEXAS CAPTIVE INSURANCE COMPANIES
ASSOCIATION

Number and street (or P. O. box, if mail is not delivered to street address)7729 E GREENWAY RD NO 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code SCOTTSDALE, AZ85260

D Employer identification number

46-3405352

E Telephone number

(480) 289-5761

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? THE OBECTIVES OF THIS ASSOCIATION ARE TO SUPPORT, MAINTAIN, AND IMPROVE THE BUSINESS OF CAPTIVE INSURANCE IN TEXAS, TO PROMOTE HIGH STANDARDS OF ETHICAL CONDUCT IN CAPTIVE INSURANCE, TO ADVANCE PUBLIC KNOWLEDGE OF THE CAPTIVE INSURANCE MARKET, AND TO PROMOTE LEGISLATION, REGULATION, AND PRACTICES WHICH ARE IN THE BEST INTEREST OF CAPTIVE INSURANCE.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 EDUCATION- TO SERVE AS A SOURCE OF INFORMATION FOR CAPTIVE INSURANCE COMPANIES, FOR ORGANIZATIONS AND INDIVIDUALS WITH AN INTEREST IN THE INDUSTRY, AND FOR STATE REGULATORS IN AN EFFORT TO PROVIDE ONGOING, UPDATED INFORMATION ABOUT THE CAPTIVE INSURANCE MARKET IN TEXAS. (Grants $ 0) If this amount includes foreign grants, check here ...		28a	0
29 NETWORKING- TO BUILD A NETWORK OF CAPTIVE INSURANCE ENTITIES DOMICILED IN TEXAS TO DISCUSS, SHARE, AND EXPAND OPPORTUNITIES IN THE CAPTIVE INSURANCE MARKET AS WELL AS OTHER BUSINESS OPPORTUNITIES. (Grants $ 0) If this amount includes foreign grants, check here ...		29a	0
30 ADVOCACY & DEVELOPMENT- TO WORK TO PROTECT AND GROW THE INTERESTS OF CAPTIVE INSURANCE ENTITIES IN TEXAS BY CREATING AN ADVOCACY PROGRAM WITH STATE AND FEDERAL LEGISLATORS AND REGULATORS. (Grants $ 0) If this amount includes foreign grants, check here ...		30a	0
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
SCOTT IRWIN PRESIDENT	2.00	0	0	0
JOSH MAGDEN PRESIDENT (TO MAY '19)	2.00	0	0	0
JOSE GARZA VICE PRESIDENT	1.00	0	0	0
EDWARD PRECOURT VICE PRESIDENT (TO MAY '19)	1.00	0	0	0
DIANE WALKER TREASURER	1.00	0	0	0
WILLIAM BAXLEY DIRECTOR	1.00	0	0	0
DANIEL GIBSON DIRECTOR (FROM MAY '19)	1.00	0	0	0
KEVIN JONES DIRECTOR (FROM MAY '19)	1.00	0	0	0
ANDREW MARSON DIRECTOR	1.00	0	0	0
JULIE PATEL DIRECTOR (FROM MAY '19)	1.00	0	0	0
HENRY SILLER DIRECTOR	1.00	0	0	0

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation

Return Reference	Explanation
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES	DESCRIPTION: OFFICE EXPENSES. AMOUNT: 4,059. DESCRIPTION: CONFERENCE EXPENSES. AMOUNT: 3,210. DESCRIPTION: WEBSITE EXPENSES. AMOUNT: 1,591. DESCRIPTION: INSURANCE EXPENSES. AMOUNT: 1,251. DESCRIPTION: EDUCATION AND TRAINING EXPENSES. AMOUNT: 166. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 130. TOTAL TO FORM 990-EZ, LINE 16: 10,407.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS	DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 1,415. END OF YEAR AMOUNT: 3,885. DESCRIPTION: UNDEPOSITED FUNDS. BEG. OF YEAR AMOUNT: 3,500. END OF YEAR AMOUNT: 0.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES	DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 60. END OF YEAR AMOUNT: 93. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 24,000. END OF YEAR AMOUNT: 28,750.

Return Reference

Explanation

FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES

DESCRIPTION: OFFICE EXPENSES. AMOUNT: 4,059. DESCRIPTION: CONFERENCE EXPENSES. AMOUNT: 3,210. DESCRIPTION: WEBSITE EXPENSES. AMOUNT: 1,591. DESCRIPTION: INSURANCE EXPENSES. AMOUNT: 1,251. DESCRIPTION: EDUCATION AND TRAINING EXPENSES. AMOUNT: 166. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 130. TOTAL TO FORM 990-EZ, LINE 16: 10,407.

FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS

DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 1,415. END OF YEAR AMOUNT: 3,885. DESCRIPTION: UNDEPOSITED FUNDS. BEG. OF YEAR AMOUNT: 3,500. END OF YEAR AMOUNT: 0.

FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES

DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 60. END OF YEAR AMOUNT: 93. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 24,000. END OF YEAR AMOUNT: 28,750.

1	Contributions, gifts, grants, and similar amounts received ....................	1	50
2	Program service revenue including government fees and contracts ................	2	34,800
3	Membership dues and assessments .............................	3	46,900
4	Investment income ....................................	4
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b
c	Less: direct expenses from gaming and fundraising events ...	6c
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ....................	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	81,750

10	Grants and similar amounts paid (list in Schedule O) ................	10
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12
13	Professional fees and other payments to independent contractors ............	13	45,700
14	Occupancy, rent, utilities, and maintenance ...................	14
15	Printing, publications, postage, and shipping ...................	15	660
16	Other expenses (describe in Schedule O) ...................	16	10,407
17	Total expenses. Add lines 10 through 16 .................	17	56,767

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	24,983
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	12,308
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20	0
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	37,291

Sign Here

	Signature of officer	Date

	Type or print name and title

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ........................
c	Total lobbying expenditures (add lines 1a and 1b) ............................................................
d	Other exempt purpose expenditures ...............................................................................
e	Total exempt purpose expenditures (add lines 1c and 1d) ..................................................
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................................................
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ...................................................................................................................	Yes No

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) Total

2a	Lobbying nontaxable amount

b	Lobbying ceiling amount (150% of line 2a, column(e))

c	Total lobbying expenditures

d	Grassroots nontaxable amount

e	Grassroots ceiling amount (150% of line 2d, column (e))

f	Grassroots lobbying expenditures

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