Overview
What is Texas Surplus Lines Association Inc?
Texas Surplus Lines Association Inc is a nonprofit organization based in Austin, Texas. Its primary mission is to promote the interests of the insurance industry, specifically within the excess and surplus lines market in Texas. The association conducts annual, midyear, and special meetings to educate its members and the public. Its objective is to protect the public's trust in the business of insurance, ensuring financial stability, ethics, authorization, and eligibility within the state. The association also aims to educate various communities, including public, private, and governmental, about the surplus lines market and its role in the overall insurance marketplace. Texas Surplus Lines Association Inc operates with a small team of two dedicated individuals.
Is Texas Surplus Lines Association Inc legitimate?
Texas Surplus Lines Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Texas Surplus Lines Association Inc 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: $88,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,634
For more financial information, click here
What is the mission statement of Texas Surplus Lines Association Inc?
Texas Surplus Lines Association Inc's mission is focused on promoting the well-being of its membership within the insurance industry. The organization strives to protect the public's trust in the business of insurance by advocating for financially sound, ethical, authorized, and eligible markets within the state of Texas. Furthermore, Texas Surplus Lines Association Inc aims to educate various communities about the excess & surplus lines market, communicating and disseminating information about its role in the insurance marketplace. To ensure compliance, the association encourages adherence to the general provisions of the Texas Insurance Code, particularly those related to excess and surplus lines insurance.
Who is the CEO of Texas Surplus Lines Association Inc?
Jean Patterson is the Director of Texas Surplus Lines Association Inc.
What is the revenue of Texas Surplus Lines Association Inc?
Texas Surplus Lines Association Inc's revenue in 2022 was $606,118.
Who are the executives of Texas Surplus Lines Association Inc and what are their salaries?
The average compensation at Texas Surplus Lines Association Inc during 2022 was $46,117. There are 2 employees at Texas Surplus Lines Association Inc.
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Where can I find the form 990 for Texas Surplus Lines Association Inc?
Texas Surplus Lines Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Texas Surplus Lines Association Inc
Texas Surplus Lines Association Inc is an organization dedicated to promoting the interests of the insurance industry. Its mission is multifaceted, aimed at ensuring the general business well-being of its membership. The association seeks to protect the public's trust in the business of insurance by advocating for financially sound, ethical, authorized, and eligible markets within the state of Texas. Furthermore, Texas Surplus Lines Association Inc strives to educate various communities, including public, private, and governmental entities, about the excess and surplus lines market. By communicating and disseminating information about this segment of the industry and its role in the insurance marketplace as a whole, the association encourages compliance with the general provisions of the Texas Insurance Code, specifically those relating to excess and surplus lines insurance.
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Impact
October, 2024
The Texas Surplus Lines Association Inc significantly impacts the insurance landscape in Texas by advocating for the interests of the insurance industry and ensuring a robust market for excess and surplus lines. Through annual, midyear, and special meetings, the association educates its members and the public about the critical role these insurance markets play.
By promoting the business well-being of its members, the organization fosters an environment where financially sound and ethical practices are prioritized. This commitment not only protects the public's trust in the insurance business but also facilitates compliance with the Texas Insurance Code, particularly in relation to excess and surplus lines insurance.
Additionally, the Texas Surplus Lines Association Inc actively disseminates valuable information to the community, enhancing understanding of the complexities of the insurance marketplace. This education ensures that both private and governmental entities are informed about the unique functions and benefits of the surplus lines market, ultimately contributing to a more informed public and a stronger insurance framework in Texas.
This information is meant to be a general summary of Texas Surplus Lines Association Inc. 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: $35
- Program Service Revenue: $272,634
- Gross Receipts: $606,118
Assets and Liabilities:
- Total Assets: $510,571
- Total Liabilities: $201,899
- Net Assets: $308,672
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MID-YEAR MEETING INCOM
Revenue
$148,573
ANNUAL MEETING INCOME
Revenue
$111,406
MISCELLANEOUS
Revenue
$7,195
SPECIAL MEETING INCOME
Revenue
$5,060
APPLICATION FEES
Revenue
$400
Organization Details
Founding Year
1956
Phone
(512) 343-9058Principal Officer
Jean Patterson
Main Address
PO BOX 10288, AUSTIN, TX, 78766
NTEE Category
Code: S41 - Community improvement
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