Overview
What is Surplus Lines Association Of Mn?
The Surplus Lines Association of MN is a nonprofit organization situated in Mora, Minnesota. Its primary function is to manage and record all surplus lines insurance transactions subject to the surplus lines tax in the state. The association aims to educate and assist its over 1,450 member surplus lines licensees on proper utilization of the surplus lines insurance marketplace in Minnesota. Additionally, they are responsible for reporting all recorded surplus lines insurance transactions to the Minnesota Departments of Commerce and Revenue. The organization's mission is to support and advise its members, ensuring they follow surplus lines insurance procedures effectively in the state. With a small team of just 2 employees, the Surplus Lines Association of MN plays a significant role in the insurance industry of Minnesota.
Official website here: www.mnsla.com
Is Surplus Lines Association Of Mn legitimate?
Surplus Lines Association Of Mn is a legitimate nonprofit organization registered as a 501(c)(6) entity. Surplus Lines Association Of Mn 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,657
For more financial information, click here
Official website here: www.mnsla.com
What is the mission statement of Surplus Lines Association Of Mn?
The Surplus Lines Association of Mn's mission is primarily focused on educating, assisting, and advising over 1,450 surplus lines insurance licensees in their procedures. This organization plays a significant role in the state of Minnesota, providing valuable insights and guidance on surplus lines insurance procedures. Beyond education, they also assist members in utilizing the surplus lines insurance marketplace effectively. Additionally, the association is responsible for recording and reporting all surplus lines insurance transactions subject to surplus lines tax in Minnesota to the relevant state departments of Commerce and Revenue.
Official website here: www.mnsla.com
Who is the CEO of Surplus Lines Association Of Mn?
Jennifer Larsen is the Chairperson of Surplus Lines Association Of Mn.
Official website here: www.mnsla.com
What is the revenue of Surplus Lines Association Of Mn?
Surplus Lines Association Of Mn's revenue in 2022 was $501,263.
Official website here: www.mnsla.com
Who are the executives of Surplus Lines Association Of Mn and what are their salaries?
The average compensation at Surplus Lines Association Of Mn during 2022 was $62,328. There are 2 employees at Surplus Lines Association Of Mn.
Here are 8 key members and their salaries:
- Compensation: $120,450
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.mnsla.com
Where can I find the form 990 for Surplus Lines Association Of Mn?
Surplus Lines Association Of Mn's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mnsla.com
Learn more at the official website: www.mnsla.com
Mission Statement of Surplus Lines Association Of Mn
The Surplus Lines Association of MN, a renowned organization, is dedicated to educating, assisting, and advising over 1,450 surplus lines licensees on the intricacies of surplus lines insurance procedures within the state. Their mission is to ensure these licensees have a thorough understanding of the surplus lines marketplace in Minnesota, enabling them to navigate the field effectively. Additionally, the association plays a pivotal role in administering surplus lines insurance transactions subject to tax in Minnesota. They meticulously receive, stamp, and record these transactions, providing valuable guidance to members on the proper use of the surplus lines insurance marketplace. To further support its members, the Surplus Lines Association of MN reports all recorded surplus lines insurance transactions to the Minnesota Departments of Commerce and Revenue.
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Impact
October, 2024
The Surplus Lines Association of Minnesota plays a crucial role in enhancing the surplus lines insurance market within the state. By educating and advising over 1,450 member surplus lines licensees, it ensures that industry professionals are well-versed in the intricacies of surplus lines insurance procedures.
The organization facilitates the recording and documentation of all surplus lines insurance transactions, ensuring compliance with state regulations and the proper collection of surplus lines tax. This not only helps to safeguard the interests of licensees but also reinforces the integrity of the insurance marketplace in Minnesota.
By providing valuable resources and guidance, the Surplus Lines Association contributes to the overall improvement of the community, helping its members navigate complex regulatory environments and better serve their clients. This ultimately leads to a more robust and transparent surplus lines market, benefiting consumers and businesses alike in Minnesota.
This information is meant to be a general summary of Surplus Lines Association Of Mn. 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: $6,340
- Program Service Revenue: $494,923
- Gross Receipts: $501,263
Assets and Liabilities:
- Total Assets: $1,736,496
- Total Liabilities: $23,435
- Net Assets: $1,713,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STAMPING FEES
Revenue
$494,923
Organization Details
Founding Year
2008
Phone
(320) 679-4244Principal Officer
Jennifer Larsen
Main Address
PO BOX 86 600 CLARK STREET, MORA, MN, 55051
Website
www.mnsla.comNTEE Category
Code: S41 - Community improvement
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