Overview
What is The Surplus Line Association Of California?
The Surplus Line Association of California (SLA) is a nonprofit organization with a mission to maintain a healthy, fair, and competitive surplus line insurance marketplace in California. Based in San Ramon, California, the SLA represents 7,085 members, both resident and non-resident, and has issued 1,838 continuing education certificates through 12 live and 11 on-demand courses. The organization's primary objectives include providing information and instructions to its members and interested parties, presenting seminars, and educating the industry and consumers on surplus line laws and regulations. Additionally, they offer assistance with regulatory compliance questions and disseminate updated and current information related to the surplus line industry. Their team of 131 employees work diligently to ensure the consumer is protected, the needs of regulators are met, and unlawful activities are curtailed through a professional and committed organization, utilizing state-of-the-art technology and a challenging work environment.
Official website here: www.slacal.com
Is The Surplus Line Association Of California legitimate?
The Surplus Line Association Of California is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Surplus Line Association Of California 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: $1,695,305
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,685,608
For more financial information, click here
Official website here: www.slacal.com
What is the mission statement of The Surplus Line Association Of California?
The Surplus Line Association of California aims to preserve a thriving and fair surplus line insurance marketplace in the state. Its mission is to protect consumers, cater to the needs of regulators, and deter unlawful activities. The organization utilizes a professional team, advanced technology, and a challenging work environment to address the requirements of California consumers, members, and appropriate public agencies. They offer education, processing, evaluation, and dissemination of surplus line data and information to uphold the financial integrity and stability of the market.
Official website here: www.slacal.com
Who is the CEO of The Surplus Line Association Of California?
Benjamin Mckay is the Chair of The Surplus Line Association Of California.
Official website here: www.slacal.com
What is the revenue of The Surplus Line Association Of California?
The Surplus Line Association Of California's revenue in 2022 was $41,619,024.
Official website here: www.slacal.com
Who are the executives of The Surplus Line Association Of California and what are their salaries?
The average compensation at The Surplus Line Association Of California during 2022 was $102,144. There are 131 employees and 14 volunteers at The Surplus Line Association Of California.
Here are 23 key members and their salaries:
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- Compensation: $190,022
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- Other: $19,993
Official website here: www.slacal.com
Where can I find the form 990 for The Surplus Line Association Of California?
The Surplus Line Association Of California's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.slacal.com
Learn more at the official website: www.slacal.com
Mission Statement of The Surplus Line Association Of California
The Surplus Line Association of California, a dedicated organization, is committed to preserving a thriving, fair, and competitive surplus line insurance marketplace within the state. In achieving this mission, the Association prioritizes the protection of consumers, the fulfillment of regulatory requirements, and the eradication of unlawful activities.
Utilizing a professional and devoted team, cutting-edge technology, and a stimulating work environment, the Surplus Line Association of California addresses the needs of California consumers, its membership, and relevant public agencies. The organization plays a pivotal role in providing education, processing, evaluation, and dissemination of surplus line data and information. This vital function ensures the financial integrity and stability of the surplus line market.
The Association's unwavering commitment to maintaining a responsive and lawful surplus line insurance market enables it to respond effectively to the demands of the California consumer base, its membership, and appropriate regulatory bodies. By focusing on the protection of consumers and the service of regulatory needs, the Surplus Line Association of California curbs unlawful practices within the market. Through its dedication and expertise, the organization contributes significantly to the financial stability and integrity of the surplus line insurance sector in California.
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Impact
October, 2024
The Surplus Line Association of California plays a crucial role in maintaining a healthy, fair, and competitive surplus line marketplace within the state. Its activities focus on educating industry professionals and consumers about surplus line laws and regulations, ensuring that stakeholders are well-informed and compliant with current regulations.
With over 7,000 members, the association provides valuable resources, including seminars and continuing education courses. In the past year alone, it issued nearly 1,840 continuing education certificates through a mix of live and on-demand courses, demonstrating its commitment to professional development within the industry.
The SLA also engages directly with its members through broker visits, facilitating communication and understanding of market dynamics. By assisting with regulatory compliance questions and disseminating up-to-date information, the association helps safeguard consumer interests while serving the needs of regulators.
Ultimately, the Surplus Line Association of California ensures that the surplus line insurance market remains responsive and lawful, contributing to the overall stability and integrity of the industry. Its efforts not only protect consumers but also promote a robust marketplace that responds effectively to the evolving needs of Californians.
This information is meant to be a general summary of The Surplus Line Association Of California. 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: $454,660
- Program Service Revenue: $41,164,364
- Gross Receipts: $46,103,929
Assets and Liabilities:
- Total Assets: $46,303,421
- Total Liabilities: $3,445,286
- Net Assets: $42,858,135
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STAMPING FEES
Revenue
$41,164,364
Organization Details
Founding Year
1937
Phone
(415) 434-4900Principal Officer
Benjamin Mckay
Main Address
12667 ALCOSTA BLVD 450, SAN RAMON, CA, 94583
Website
www.slacal.comNTEE Category
Code: Y20 - Mutual benefit
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