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:
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- Compensation: $170,775
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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.
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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.
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
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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
Phone
(919) 746-8415Principal Officer
Stephen Allen
Main Address
8412 FALLS OF NEUSE SUITE 206, RALEIGH, NC, 27615
Website
www.ncsla.comNTEE Category
Code: Y20 - Mutual benefit
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