Overview
What is Surplus Line Association Of Washington?
The Surplus Line Association of Washington is a nonprofit organization dedicated to fostering a reliable and sustainable market for Non-Admitted insurance within the state. Their primary objective is to provide an array of options for insurance buyers, while ensuring the examination of surplus line policies and offering assistance in filing related matters. By serving as an association for surplus line insurance brokers, they contribute to maintaining a stable market and offer support to their members.
Official website here: www.surpluslines.org
Is Surplus Line Association Of Washington legitimate?
Surplus Line Association Of Washington is a legitimate nonprofit organization registered as a 501(c)(6) entity. Surplus Line Association Of Washington 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: $514,255
Professional Fundraising Fees: $0
Other Salaries and Wages: $569,396
For more financial information, click here
Official website here: www.surpluslines.org
What is the mission statement of Surplus Line Association Of Washington?
The Surplus Line Association of Washington's mission is centered around promoting a robust and reliable market for Non-Admitted insurance. This organization strives to offer diverse insurance options to the public, ensuring they have viable choices. Additionally, the association provides a platform for the examination of surplus line policies and offers assistance to its members in the process of filing. Overall, its primary goal is to maintain a stable market environment for surplus line insurance.
Official website here: www.surpluslines.org
Who is the CEO of Surplus Line Association Of Washington?
Robert Hope is the Past President of Surplus Line Association Of Washington.
Official website here: www.surpluslines.org
What is the revenue of Surplus Line Association Of Washington?
Surplus Line Association Of Washington's revenue in 2022 was $2,233,532.
Official website here: www.surpluslines.org
Who are the executives of Surplus Line Association Of Washington and what are their salaries?
The average compensation at Surplus Line Association Of Washington during 2022 was $108,365. There are 10 employees at Surplus Line Association Of Washington.
Here are 11 key members and their salaries:
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- Compensation: $3,088
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- Compensation: $290,646
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- Other: $62,509
- Compensation: $123,509
- Related: $0
- Other: $34,503
Official website here: www.surpluslines.org
Where can I find the form 990 for Surplus Line Association Of Washington?
Surplus Line Association Of Washington's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.surpluslines.org
Learn more at the official website: www.surpluslines.org
Mission Statement of Surplus Line Association Of Washington
The Surplus Line Association of Washington, as a collective of surplus line insurance brokers, aims to establish a stable Non-Admitted insurance market within the state. Their mission is twofold: firstly, to provide a diverse range of insurance options for the public, ensuring that they have viable choices when it comes to insurance coverage. Secondly, the association seeks to facilitate the examination of surplus line policies and offer support to its members in the process of filing these policies. By promoting a robust Non-Admitted insurance market, the Surplus Line Association of Washington strives to contribute positively to the insurance landscape in Washington, providing both brokers and the public with a reliable and effective platform.
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Impact
October, 2024
The Surplus Line Association of Washington plays a crucial role in maintaining a stable non-admitted insurance market in the state. By promoting the interests and practices of surplus line insurance brokers, the Association ensures that consumers have access to a range of viable insurance options that may not be available through standard channels.
This support enhances competition within the insurance market, empowering consumers with more choices when seeking coverage for unique or high-risk situations. In addition, the Association provides valuable resources and assistance for its members regarding the examination of surplus line policies and the filing process, which helps streamline operations and ensures compliance with regulations.
Overall, the impact of the Surplus Line Association extends beyond just the membership; it contributes to a more robust insurance ecosystem that ultimately benefits the insurance-buying public in Washington state.
This information is meant to be a general summary of Surplus Line Association Of Washington. 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: $147,160
- Program Service Revenue: $2,086,372
- Gross Receipts: $2,488,377
Assets and Liabilities:
- Total Assets: $7,637,163
- Total Liabilities: $799,609
- Net Assets: $6,837,554
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXAMINING FEES
Revenue
$2,017,172
MEMBERSHIP FEES
Revenue
$66,300
SEMINAR FEES
Revenue
$2,900
Organization Details
Founding Year
1976
Phone
(206) 682-3409Principal Officer
Robert Hope
Main Address
600 UNIVERSITY ST 1710, SEATTLE, WA, 98101
Website
www.surpluslines.orgNTEE Category
Code: S41 - Community improvement
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