Overview
What is Excess Line Association Of New York?
The Excess Line Association of New York is a nonprofit organization, established by statute in 1988 and operational since 1989. Based in New York City, the association is located at 120 Wall Street, 24th Floor. Its primary mission involves facilitating and encouraging compliance with New York's Excess Line Law. As an industry advisory association, it reviews, records, and stamps excess line insurance documents required under New York's insurance law. The Excess Line Association of New York employs a team of 53 individuals dedicated to ensuring adherence to the excess line regulations.
Official website here: www.elany.org
What are the reviews and ratings of this charity?
The Excess Line Association of New York does not currently have a rating on Charity Navigator. Ratings are contingent upon specific criteria which this organization does not meet, primarily because it is not a 501(c)(3) IRS registered nonprofit. This absence of evaluation does not inherently provide a positive or negative judgment of the organization.
The organization has published data available in the IRS Business Master File; however, there is a lack of detailed financial information such as total revenue, expenses, and key personnel salaries. The historic ratings, where available, primarily reflect accountability and financial parameters but do not encompass areas like impact, adaptability, and community engagement due to the nature of its nonprofit status.
There are no user reviews or additional insights available from GreatNonprofits, which limits external community perspectives or testimonies related to the organization's operations. As no qualitative feedback is registered, the insights into its impact and stakeholder experiences remain unexplored in public discourse.
This AI summary has been generated from information found on Charity Navigator.
Is Excess Line Association Of New York legitimate?
Excess Line Association Of New York is a legitimate nonprofit organization registered as a 501(c)(6) entity. Excess Line Association Of New York submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,420,843
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,840,490
For more financial information, click here
Official website here: www.elany.org
What is the mission statement of Excess Line Association Of New York?
The Excess Line Association of New York is a non-profit industry advisory organization established by statute in 1988 and commenced operations in 1989. Its primary duty is to promote and encourage adherence to the Excess Line Law. By reviewing, recording, and stamping excess line insurance documents mandated under New York's Insurance Law, the association plays a crucial role in maintaining regulatory compliance.
Official website here: www.elany.org
Who is the CEO of Excess Line Association Of New York?
Janet Pane is the Director of Excess Line Association Of New York.
Official website here: www.elany.org
What is the revenue of Excess Line Association Of New York?
Excess Line Association Of New York's revenue in 2022 was $13,861,603.
Official website here: www.elany.org
Who are the executives of Excess Line Association Of New York and what are their salaries?
The average compensation at Excess Line Association Of New York during 2022 was $80,403. There are 53 employees and 10 volunteers at Excess Line Association Of New York.
Here are 19 key members and their salaries:
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- Compensation: $544,200
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- Compensation: $213,843
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- Other: $70,200
- Compensation: $254,699
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- Other: $26,112
- Compensation: $161,299
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- Other: $44,367
- Compensation: $169,802
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- Compensation: $146,523
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- Compensation: $122,067
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- Other: $47,005
- Compensation: $130,272
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- Other: $37,542
- Compensation: $119,152
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- Other: $44,122
- Compensation: $116,791
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- Other: $92
Official website here: www.elany.org
Where can I find the form 990 for Excess Line Association Of New York?
Excess Line Association Of New York's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.elany.org
Learn more at the official website: www.elany.org
Mission Statement of Excess Line Association Of New York
The Excess Line Association of New York, or ELANY, is a non-profit industry advisory association established by statute in 1988 and commenced operations in 1989. This organization holds the important duty to facilitate and encourage compliance with New York's Excess Line Law. ELANY's primary role is to review, record, and stamp excess line insurance documents required to be submitted under New York's Insurance Law. In essence, the Excess Line Association of New York acts as a regulatory body, ensuring that excess line insurance transactions adhere to the guidelines set forth in the law. By carrying out this mission, ELANY plays a crucial role in maintaining the integrity of the excess line insurance industry within the state.
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Impact
October, 2024
The Excess Line Association of New York plays a crucial role in the insurance industry by ensuring compliance with the Excess Line Law. Established in 1988 and operational since 1989, the association serves as a key resource for insurance professionals by reviewing, recording, and stamping excess line insurance documents. This process is essential for maintaining adherence to New York's insurance regulations.
The association also contributes to the stability and transparency of the excess line market, which is vital for both insurers and consumers. By facilitating regulatory compliance, the Excess Line Association enhances the integrity of the insurance system in New York, ultimately benefiting policyholders and fostering trust in the industry. Its efforts help to streamline regulatory processes and provide guidance to stakeholders involved in excess line insurance, ensuring that they are well-informed and compliant with the law.
This information is meant to be a general summary of Excess Line Association Of New York. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $372,435
- Program Service Revenue: $13,489,168
- Gross Receipts: $15,361,603
Assets and Liabilities:
- Total Assets: $44,875,801
- Total Liabilities: $9,407,202
- Net Assets: $35,468,599
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STAMPING FEES
Revenue
$13,489,168
Organization Details
Founding Year
1988
Phone
(646) 292-5575Principal Officer
Janet Pane
Main Address
120 WALL STREET 24TH FLOOR, NEW YORK, NY, 10005
Website
www.elany.orgNTEE Category
Code: Y20 - Mutual benefit
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