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Service Contract Industry Council

Albany, NY · EIN 593190625 · Form 990 · FY2024 · Medium ($1M-$10M) · go-scic.com
revenue
$1.2M
expenses
$1.2M
net assets
$929K
employees
0
program ratio
0%
mission · from form 990

Monitors state legislative and regulatory activities, contributes to relevant legislative and administrative proceedings, and educates businesses and consumers about the value and benefits of service contracts.

profile · synthesized from sources

Service Contract Industry Council is a trade association that monitors state legislative and regulatory activities related to service contracts. It contributes to legislative and administrative proceedings and educates businesses and consumers about the value of service contracts. The organization operates a members-only website and represents companies in the auto and consumer goods service contract sectors.

named programs · 3 · from sources

What they call their work

Industry Advocacy
Contributes to legislative and administrative proceedings on behalf of service contract providers
Legislative Monitoring
Tracks state legislative and regulatory activities affecting the service contract industry
Member Education
Educates businesses and consumers about the value and benefits of service contracts
activities · 4 groups

What they do

  • Industry Advocacy and Regulatory Engagement 1 activity
    • Advocacy for fair and uniform regulation of service contracts
      Advocates before federal, state, and local lawmakers to develop and implement fair, uniform regulations for the service contract industry, including through model legislation and targeted legislative initiatives such as Kentucky Senate Bill 58 and Washington Senate Bill 6309.
  • Regular Membership Meetings 1 activity
    • Hosting member meetings and forums for industry updates and governance
      Organizes an annual in-person meeting and monthly conference calls for members to receive updates, ask questions, network, and vote on funded projects.
  • Member Business Referral & Discount Programs 1 activity
    • Maintaining and publishing directories of member service contract providers
      Compiles and publishes lists of member companies offering motor vehicle, consumer goods, and home service contracts to support transparency and consumer access.
  • Uncategorized 3 activities
    • Education of businesses and consumers about service contracts
      Provides information to businesses and consumers about the value and benefits of service contracts, including through public-facing materials and resources distributed to an estimated 250 million consumers annually.
    • Provision of regulatory compliance resources to members
      Provides members with ongoing access to 50-state compliance surveys, weekly summaries of legislative and regulatory developments, and responses to ad hoc questions on regulatory matters to support compliance with service contract laws.
    • Supporting regulated sale and administration of home service contracts
      Promotes the use of licensed, compliant companies that maintain financial reserves or insurance for administering and selling home service contracts.
financials · form 990 · fy2024
revenue
Total revenue$1.19M
Contributions & grants$00%
Program service revenue$1.18M99%
Investment income$17K1%
Other revenue$0
expenses
Total expenses$1.17M
Program expenses0%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$940K
Cash$864K
Investments$0
Liabilities$11K
Net assets$929K
Liquid reserves8.9 mo
5 years on record · 2020–2024 · YoY revenue +19.5%
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • Benjamin Cohen — President
  • Katie Mason — Executive Committee Member
  • Simrun Gialleonardo — Executive Committee Member
relationships · 80

Who they work with

  • AAGI, Inc. Partner — Member company in the auto service contract sector
  • Aegis Administration, LLC Partner — Member company in the home service contract sector
  • Agero Administrative Services Corporation Partner — Member company in the auto service contract sector
  • Allied Solutions, LLC Partner — Member company in the auto service contract sector
  • Ally Insurance Holdings Partner — Member company in the auto service contract sector
  • AmTrust Financial Services, Inc. Partner — Member company in the consumer goods service contract sector
  • American Guardian Warranty Services, Inc. Partner — Member company in the auto service contract sector
  • American Home Shield Corporation Partner — Member company in the home service contract sector
  • America’s Preferred Home Warranty Partner — Member company in the home service contract sector
  • America’s Preferred Home Warranty Partner — Member organization that participates in SCIC and provides testimonials supporting its services.
  • Arch Insurance Group Partner — Member company in both auto and home service contract sectors
  • Assurant Solutions Partner — Member company across auto, consumer goods, and home service contract sectors
  • Assurant, Inc. Partner — Employer of Benjamin Cohen, who serves as President and Executive Committee Member representing Vehicle Service Contract Members
  • Asurion Corporation Partner — Member company in the consumer goods service contract sector
  • Asurion, Inc. Partner — Employer of Simrun Gialleonardo, who serves as Executive Committee Member representing Consumer Goods Service Contract Members
  • Automobile Protection Corporation Partner — Member company in the auto service contract sector
  • Axiom Product Administration LLC Partner — Member company across auto, consumer goods, and home service contract sectors
  • Best Buy Co., Inc. Partner — Member company in the consumer goods service contract sector
  • CARS Protection Plus Partner — Member organization that participates in SCIC and provides testimonials supporting its services.
  • CARS Protection Plus, Inc. Partner — Member company in the auto service contract sector
  • CNA National Warranty Corporation Partner — Member company in the auto service contract sector
  • Cal-Tex Protective Coatings, Inc. Partner — Member company in the auto service contract sector
  • Camelback Administrative Group, Inc. Partner — Member company in the auto service contract sector
  • Caterpillar Insurance Company Financial Services Corporation Partner — Member company in the auto service contract sector
  • Centricity Partner — Member company in both consumer goods and home service contract sectors
  • Century Automotive Service Partner — Member company in the auto service contract sector
  • Choice Home Warranty Partner — Member company in the home service contract sector
  • Cinch Home Services Partner — Member company in the auto service contract sector
  • Cornerstone United, Inc. Partner — Member company across auto, consumer goods, and home service contract sectors
  • ECP Incorporated Partner — Member company in the auto service contract sector
+ 50 more
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Advocacy for Fair and Uniform Regulation
    methodology: regulatory-advocacy
    By promoting fair and uniform regulation of service contracts through model legislation and engagement with lawmakers, the organization protects consumers and industry stakeholders, because standardized rules reduce regulatory burden and increase consumer confidence in the market.
  • Consumer Protection Through Education and Awareness
    methodology: consumer-protection-through-education
    By educating consumers about the risks of unsolicited marketing and promoting the value of reputable service contracts, the organization increases informed decision-making and trust in the industry, because awareness reduces vulnerability to predatory practices.