Overview
What is Nevada Surplus Lines Foundation?
The Nevada Surplus Lines Foundation is a charitable organization, legally recognized under Section 501(c)3 of the Internal Revenue Code, located in Reno, Nevada. Its primary mission is to support the insurance industry by providing funds for educational programs and skill development initiatives. The foundation welcomes donations and grants to individuals and organizations that foster interest and employment opportunities within the business community. By doing so, the foundation aims to ensure the perpetuation of employment and interest within the insurance industry. Recipients must submit a written request detailing how the funds will be utilized, timeframes if applicable, and agree to provide status reports if requested. The foundation's board of directors reviews these requests and makes funding decisions based on various factors, including the requested amount, the use of funds for educational or charitable purposes, and their support for achievement and skill development within the insurance industry.
Is Nevada Surplus Lines Foundation legitimate?
Nevada Surplus Lines Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nevada Surplus Lines Foundation 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:
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What is the mission statement of Nevada Surplus Lines Foundation?
The Nevada Surplus Lines Foundation is established with charitable, religious, educational, scientific, and literary objectives, falling under Section 501(C)3 of the Internal Revenue Code of 1986. The organization's primary mission is to provide funds for programs and activities that support skill development and achievement within the insurance industry. It considers donations and grants for individuals and organizations that can encourage interest and employment opportunities within the business community, with a goal of perpetuating employment and interest in the insurance industry. Recipients must submit a written request, detailing how the funds will be used, timelines if applicable, and agree to provide status reports if required. The Foundation's Board of Directors reviews these requests, considering factors like the amount of the request, the use of funds for educational or charitable purposes, and their support for achievement and skill development in the insurance industry.
Who is the CEO of Nevada Surplus Lines Foundation?
Nick Rossi is the Chairman of Nevada Surplus Lines Foundation.
What is the revenue of Nevada Surplus Lines Foundation?
Nevada Surplus Lines Foundation's revenue in 2022 was $2,424,587.
Who are the executives of Nevada Surplus Lines Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Nevada Surplus Lines Foundation?
Nevada Surplus Lines Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nevada Surplus Lines Foundation
The Nevada Surplus Lines Foundation is a charitable organization, falling under section 501(c)3 of the Internal Revenue Code of 1986. Its primary objective is to support educational and skill development within the insurance industry. The foundation considers donations and grants to individuals and organizations that can encourage interest and employment opportunities within the business community. The ultimate goal of the Nevada Surplus Lines Foundation is to perpetuate employment and interest within the insurance sector.
To receive funds, potential recipients must submit a written request, detailing how the funds will be utilized, any applicable deadlines, and agreeing to provide status reports if requested. The foundation's board of directors reviews these requests, considering factors such as the amount of the request, whether the entity or individual will use the funds for educational or charitable purposes, and whether the funding will support achievement and skill development in the insurance industry.
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Impact
October, 2024
The Nevada Surplus Lines Foundation significantly impacts the insurance industry by fostering skill development and enhancing employment opportunities within the field. By providing funding for programs and activities, it supports both individuals and organizations that demonstrate potential to stimulate interest and growth in the insurance sector.
The Foundation serves as a catalyst for career advancement, making strategic donations and grants that encourage educational initiatives, training programs, and community engagement. This not only benefits recipients directly but also contributes to the broader health of the industry by promoting sustained interest and participation among current and future professionals.
Moreover, the Foundation emphasizes accountability and clear objectives by requiring applicants to submit detailed funding requests, ensuring that resources are deployed effectively to maximize their impact. This structured approach facilitates the continuous development of skills essential for navigating the evolving landscape of the insurance market in Nevada.
This information is meant to be a general summary of Nevada Surplus Lines Foundation. 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: $255,722
- Gross Receipts: $3,501,415
Assets and Liabilities:
- Total Assets: $10,653,128
- Total Liabilities: $0
- Net Assets: $10,653,128
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Organization Details
Founding Year
2019
Phone
(775) 826-7898Principal Officer
Nick Rossi
Main Address
6490 S MCCARAN BLVD 39, RENO, NV, 89509
NTEE Category
Code: S11 - Community improvement
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