The Surplus Lines Association Of North Carolina

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581712305 ✦ Raleigh, NC ✦ Designated as a 501(c)(6)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is The Surplus Lines Association Of North Carolina?

The Surplus Lines Association of North Carolina is a nonprofit organization situated in Raleigh, North Carolina. With a small team of four individuals, their primary focus is to assist the North Carolina Department of Insurance by handling surplus lines insurance policies, renewals, and endorsements, as well as making related tax payments on their behalf. The association's mission is to promote surplus lines insurance, engaging both professionals and aspiring students in this field. By providing these services, The Surplus Lines Association of North Carolina plays a crucial role in facilitating insurance operations within the state.


Official website here: www.ncsla.com

Is The Surplus Lines Association Of North Carolina legitimate?

The Surplus Lines Association Of North Carolina is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Surplus Lines Association Of North Carolina 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: $343,671
Professional Fundraising Fees: $0
Other Salaries and Wages: $117,095

For more financial information, click here


Official website here: www.ncsla.com

What is the mission statement of The Surplus Lines Association Of North Carolina?

The Surplus Lines Association of North Carolina's mission is centered around promoting surplus lines insurance. This organization aims to spread awareness and knowledge about surplus lines insurance to both professionals and aspiring students. In performing its mission, the association provides stamping services, handling the processing of new policies, renewals, and endorsements, as well as related tax payments, on behalf of the North Carolina Department of Insurance.


Official website here: www.ncsla.com

Who is the CEO of The Surplus Lines Association Of North Carolina?

Stephen Allen is the President of The Surplus Lines Association Of North Carolina.


Official website here: www.ncsla.com

What is the revenue of The Surplus Lines Association Of North Carolina?

The Surplus Lines Association Of North Carolina's revenue in 2022 was $6,548,544.


Official website here: www.ncsla.com

Who are the executives of The Surplus Lines Association Of North Carolina and what are their salaries?

The average compensation at The Surplus Lines Association Of North Carolina during 2022 was $115,192. There are 4 employees at The Surplus Lines Association Of North Carolina.


Here are 10 key members and their salaries:


Kathy Mcvaney (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebeca Freeman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ross Gravely (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anella Niewenhous (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Banks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Geoffrey Crater (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Geoff Allen (Chief Operating Officer)
  • Compensation: $166,616
  • Related: $0
  • Other: $0
Adam Pierce (Chairman - Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Liggett (General Counsel)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Allen (Executive Director)
  • Compensation: $170,775
  • Related: $0
  • Other: $0


Official website here: www.ncsla.com

Where can I find the form 990 for The Surplus Lines Association Of North Carolina?

The Surplus Lines Association Of North Carolina's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ncsla.com

Learn more at the official website: www.ncsla.com

Mission Statement of The Surplus Lines Association Of North Carolina

The Surplus Lines Association of North Carolina, as an organization, is committed to promoting surplus lines insurance to professionals and aspiring students. Their mission is to act as an intermediary, handling the processing of new policies, renewals, and endorsements for surplus lines insurance on behalf of the North Carolina Department of Insurance. This association plays a crucial role in facilitating transactions related to surplus lines insurance, ensuring that related taxes are paid appropriately. By promoting surplus lines insurance, the Surplus Lines Association of North Carolina is instrumental in expanding the knowledge and understanding of this type of insurance among professionals and students with an interest in the field.

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 Surplus Lines Association of North Carolina plays a crucial role in the insurance landscape by promoting surplus lines insurance among professionals and aspiring students. By facilitating education and awareness, the association helps ensure that the next generation of insurance professionals understands the complexities and opportunities within the surplus lines market.

Additionally, the association processes surplus lines new policies, renewals, and endorsements, as well as the related tax payments on behalf of the North Carolina Department of Insurance. This administrative support streamlines operations and enhances compliance within the industry, contributing to a more efficient insurance marketplace. Through its activities, the association fosters a mutual benefit for both insurance professionals and the broader community, ensuring access to essential coverage options that may not be available through standard insurance channels.




This information is meant to be a general summary of The Surplus Lines Association Of North Carolina. 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.

Revenue
$6,548,544 (2022)
Expenses
$1,217,611 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $56,960
  • Program Service Revenue: $6,491,571
  • Gross Receipts: $12,439,905

Assets and Liabilities:

  • Total Assets: $18,118,548
  • Total Liabilities: $0
  • Net Assets: $18,118,548

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.

STAMPING FEE REVENUE

Revenue

$6,490,571

CONVENTION

Revenue

$1,000

Organization Details

Founding Year

1985

Principal Officer

Stephen Allen

Main Address

8412 FALLS OF NEUSE SUITE 206, RALEIGH, NC, 27615

NTEE Category

Code: Y20 - Mutual benefit

If you are a representative of The Surplus Lines Association Of North Carolina 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.