Overview
What is The Surety & Fidelity Association Of America?
The Surety & Fidelity Association of America is a nonprofit organization headquartered in Washington D.C. With a workforce of 15 individuals, its primary mission revolves around promoting and preserving the use of fidelity and surety bonds as a means of safeguarding public and private interests. The association actively monitors legislation and engages legal professionals to provide counsel on matters concerning surety and fidelity bonds, ensuring compliance and protection for all parties involved. Their activities are geared towards maintaining the relevance and significance of these bonds in various sectors.
Official website here: www.surety.org
Is The Surety & Fidelity Association Of America legitimate?
The Surety & Fidelity Association Of America is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Surety & Fidelity Association Of America 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: $1,775,177
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,029,831
For more financial information, click here
Official website here: www.surety.org
What is the mission statement of The Surety & Fidelity Association Of America?
The Surety & Fidelity Association of America performs a crucial role in promoting and preserving the utilization of fidelity and surety bonds to safeguard public and private interests. Their mission is centered around advocating for the use of these bonds, which serve as a protective measure against potential financial losses.
In line with this mission, the association engages in legal affairs and legislation. This involves monitoring legislative developments and hiring legal experts to provide advice on matters related to surety and fidelity bonds. Their legal affairs and legislation activities aim to ensure that the use of these bonds is in compliance with relevant laws and regulations.
Official website here: www.surety.org
Who is the CEO of The Surety & Fidelity Association Of America?
J Lee Covington Ii is the CEO of The Surety & Fidelity Association Of America The CEO's salary of The Surety & Fidelity Association Of America is $473,316 and their total compensation is $554,212.
Official website here: www.surety.org
What is the revenue of The Surety & Fidelity Association Of America?
The Surety & Fidelity Association Of America's revenue in 2023 was $5,909,613.
Official website here: www.surety.org
Who are the executives of The Surety & Fidelity Association Of America and what are their salaries?
The average compensation at The Surety & Fidelity Association Of America during 2023 was $175,313. There are 16 employees and 500 volunteers at The Surety & Fidelity Association Of America.
Here are 30 key members and their salaries (The Surety & Fidelity Association Of America's CEO's salary is $473,316 and their total compensation is $554,212):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $473,316
- Related: $0
- Other: $80,896
- Compensation: $290,716
- Related: $0
- Other: $74,459
- Compensation: $281,766
- Related: $0
- Other: $48,942
- Compensation: $228,479
- Related: $0
- Other: $46,229
- Compensation: $206,696
- Related: $0
- Other: $43,678
- Compensation: $161,773
- Related: $0
- Other: $23,825
- Compensation: $148,979
- Related: $0
- Other: $47,717
- Compensation: $147,362
- Related: $0
- Other: $15,596
- Compensation: $140,239
- Related: $0
- Other: $52,725
- Compensation: $113,207
- Related: $0
- Other: $7,835
Official website here: www.surety.org
Where can I find the form 990 for The Surety & Fidelity Association Of America?
The Surety & Fidelity Association Of America's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.surety.org
Learn more at the official website: www.surety.org
Mission Statement of The Surety & Fidelity Association Of America
The Surety & Fidelity Association of America plays a significant role in promoting and preserving the use of fidelity and surety bonds to safeguard both public and private interests. This mission-driven organization assumes a leadership position in this regard, working tirelessly to ensure the protection that such bonds provide.
To achieve its objectives, The Surety & Fidelity Association of America engages in various activities. One of its key areas of focus is legal affairs and legislation. In this context, the organization pays fees to monitor ongoing legislation and employs legal professionals to offer expert advice on matters related to surety and fidelity bonds. This proactive approach allows the association to stay informed about any potential changes in the legal landscape that could impact the use and effectiveness of these bonds. By taking a leadership role in these matters, The Surety & Fidelity Association of America helps to ensure that the interests it serves are well-represented and protected.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Surety & Fidelity Association of America plays a crucial role in promoting and preserving the use of fidelity and surety bonds, which are essential for protecting both public and private interests. By actively monitoring legislation and providing legal expertise, the organization ensures that the regulatory environment supports the effective use of these financial instruments. This advocacy work bolsters trust and confidence in the surety and fidelity bond markets, fostering a stable economic landscape. Their leadership in legal affairs helps stakeholders navigate complex challenges, ultimately contributing to enhanced security and risk management in various sectors.
This information is meant to be a general summary of The Surety & Fidelity Association Of America. 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 2023.
- Investment Income: $157,076
- Program Service Revenue: $5,742,220
- Gross Receipts: $6,882,788
Assets and Liabilities:
- Total Assets: $6,599,686
- Total Liabilities: $3,195,651
- Net Assets: $3,404,035
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERS' ASSESSMENTS
Revenue
$5,346,793
STATISTICAL FILERS
Revenue
$222,982
STUDIES AND SURVEYS
Revenue
$104,445
SUBSCRIBER FEES
Revenue
$60,000
SEMINAR REGISTRATION
Revenue
$8,000
Organization Details
Founding Year
2001
Principal Officer
J Lee Covington Ii
Website
www.surety.orgNTEE Category
Code: Y20 - Mutual benefit
If you are a representative of The Surety & Fidelity Association Of America and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.