Overview
What is Washington Surveying & Rating Bureau?
The Washington Surveying & Rating Bureau serves as a trusted, independent resource for the insurance industry, offering essential property underwriting and loss cost information. Based in Renton, Washington, this nonprofit organization provides filing, loss costs, and underwriting services to its subscribers, aiming to support the insurance industry with accurate and authoritative data. With a team of 61 dedicated professionals, the Washington Surveying & Rating Bureau plays a crucial role in enhancing risk assessments and decision-making processes within the industry.
Official website here: www.wsrb.com
Is Washington Surveying & Rating Bureau legitimate?
Washington Surveying & Rating Bureau is a legitimate nonprofit organization registered as a 501(c)(6) entity. Washington Surveying & Rating Bureau 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: $2,211,932
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,237,687
For more financial information, click here
Official website here: www.wsrb.com
What is the mission statement of Washington Surveying & Rating Bureau?
The Washington Surveying & Rating Bureau serves as an independent and authoritative resource for the insurance industry. Its primary mission is to offer filing, loss costs, and underwriting services to its subscribers. By providing these services, the bureau aims to contribute to the overall underwriting and risk assessment process within the insurance sector. The bureau's role is crucial in ensuring that insurance companies have reliable and up-to-date information to make informed decisions regarding property coverage and premiums.
Official website here: www.wsrb.com
Who is the CEO of Washington Surveying & Rating Bureau?
Karl Newman is the CEO of Washington Surveying & Rating Bureau The CEO's salary of Washington Surveying & Rating Bureau is $396,829 and their total compensation is $450,567.
Official website here: www.wsrb.com
What is the revenue of Washington Surveying & Rating Bureau?
Washington Surveying & Rating Bureau's revenue in 2023 was $12,627,511.
Official website here: www.wsrb.com
Who are the executives of Washington Surveying & Rating Bureau and what are their salaries?
The average compensation at Washington Surveying & Rating Bureau during 2023 was $118,248. There are 63 employees at Washington Surveying & Rating Bureau.
Here are 18 key members and their salaries (Washington Surveying & Rating Bureau's CEO's salary is $396,829 and their total compensation is $450,567):
- Compensation: $396,829
- Related: $4,000
- Other: $49,738
- Compensation: $55,200
- Related: $0
- Other: $0
- Compensation: $55,200
- Related: $0
- Other: $0
- Compensation: $55,200
- Related: $0
- Other: $0
- Compensation: $55,200
- Related: $0
- Other: $0
- Compensation: $55,200
- Related: $0
- Other: $0
- Compensation: $50,000
- Related: $4,000
- Other: $0
- Compensation: $308,394
- Related: $0
- Other: $22,924
- Compensation: $296,965
- Related: $0
- Other: $34,160
- Compensation: $188,306
- Related: $0
- Other: $19,455
- Compensation: $169,233
- Related: $0
- Other: $45,832
- Compensation: $300,358
- Related: $0
- Other: $53,741
- Compensation: $0
- Related: $237,156
- Other: $38,011
- Compensation: $179,543
- Related: $0
- Other: $24,083
- Compensation: $157,225
- Related: $0
- Other: $20,899
- Compensation: $152,537
- Related: $0
- Other: $32,779
- Compensation: $130,448
- Related: $0
- Other: $43,809
- Compensation: $129,695
- Related: $0
- Other: $36,576
Official website here: www.wsrb.com
Where can I find the form 990 for Washington Surveying & Rating Bureau?
Washington Surveying & Rating Bureau's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wsrb.com
Learn more at the official website: www.wsrb.com
Mission Statement of Washington Surveying & Rating Bureau
Washington Surveying & Rating Bureau, as an independent entity, plays a vital role in the insurance industry by offering filing, loss costs, and underwriting services to its subscribers. This organization serves as a reliable and authoritative resource for property underwriting and loss cost information, providing essential support to the industry. Its mission is centered around empowering insurance companies by offering these crucial services, thereby aiding in risk assessment and insurance pricing decisions.
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Impact
October, 2024
The Washington Surveying & Rating Bureau plays a crucial role in the insurance industry by offering essential filing, loss costs, and underwriting services to its subscribers. As an independent and authoritative resource, it provides the necessary data and analysis that insurers rely on to assess property risk and determine appropriate pricing for coverage. This enables more accurate underwriting, which ultimately leads to a healthier insurance marketplace.
By equipping subscribers with up-to-date information on loss costs and underwriting practices, the Bureau enhances the overall efficiency of the insurance process, helping insurers manage risks effectively. This service not only benefits the insurance companies but also contributes to consumer protection by promoting fair and equitable pricing for policyholders. The Bureau's impact extends to fostering a more stable insurance environment in Washington, benefiting both insurers and the individuals and businesses they serve.
This information is meant to be a general summary of Washington Surveying & Rating Bureau. 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: $266,210
- Program Service Revenue: $12,406,807
- Gross Receipts: $15,549,918
Assets and Liabilities:
- Total Assets: $7,902,504
- Total Liabilities: $0
- Net Assets: $7,902,504
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Assessments
Revenue
$12,347,403
Washington Fair Plan
Revenue
$59,404
Organization Details
Founding Year
2001
Principal Officer
Barbara Jo Hillyer
Website
www.wsrb.comNTEE Category
Code: Y20 - Mutual benefit
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