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Insurance Company Supported Organizations Group Benefit Plan

EIN 23-7258552 · Indianapolis, IN

Public records raise at least one point you should look into before giving.

LegitimacyCautionRegistration and standingFinancial healthNot ratedToo small or too little detailGovernanceNot ratedToo small or too little detailImpact evidenceDescribes programsHow well its results are evidenced

What it says it does

ICSO H&W PROVIDES SIMPLIFIED ADMINISTRATION, EXPERT ADVICE, AND ACCESS TO A UNIQUE MIX OF EMPLOYEE BENEFITS PRODUCTS FOR INSURANCE COMPANY SUPPORTED ORGANIZATIONS, THEIR EMPLOYEES, AND RETIREES.

Income
$13.9 million
Spending
$13.6 million
Employees
0
Volunteers
4
Highest pay
$20,000, chairman

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Financial health

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Governance

This return does not answer enough of the governance questions to score.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. TO PROVIDE LIFE, DENTAL, VISION, AND DISABILITY BENEFITS TO ELIGIBLE EMPLOYEES OF MEMBER COMPANIES OF THE ICSO HEALTH & WELFARE TRUST UNDER GROUP INSURANCE CONTRACTS WITH INSURANCE COMPANIES, TO ADMINISTER AND SERVICE MEDICAL HEALTH INSURANCE PLANS, SPONSORED BY THE MEMBER COMPANY, AND PROCURED THROUGH A BROKER OF RECORD FOR THE MEMBER COMPANY, AND TO ADMINISTER AND SERVICE FLEXIBLE SPENDING ACCOUNTS SPONSORED BY THE MEMBER COMPANY BY PROCESSING FUNDS OF THE MEMBER COMPANY TO PAY FSA BENEFITS THAT ARE LIMITED TO HEALTH CARE AND DEPENDENT CARE BENEFITS.
  2. TO ADMINISTER AND SERVICE PRE-AND POST-RETIREMENT HEALTH REIMBURSEMENT ACCOUNTS SPONSORED BY THE MEMBER COMPANY BY PROCESSING PREMIUM ONLY REIMBURSEMENTS AND WORKING WITH AN INDEPENDENT BENEFIT PROVIDER.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(9) employees' beneficiary association.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Caution.

    The IRS master file records contributions to this 501(c)(9) employees' beneficiary association as not deductible.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2019.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.