Excess Line Association Of New York
- Assets
- $47.2m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 51
- Location
- New York, NY
- Founding
- 04/1990
- Data as of
- 12/2023
- EIN
- 22-2937521
Organization Overview
Excess Line Association Of New York is located in New York, NY. The organization was established in 1990. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, Excess Line Association Of New York employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Excess Line Association Of New York is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Excess Line Association Of New York generated $14.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $12.0m during the year ending 12/2023. While expenses have increased by 9.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Excess Line Association Of New York has awarded 73 individual grants totaling $903,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AN INSURANCE ADVISORY ASSOCIATION CHARGED WITH THE DUTY TO FACILITATE AND ENCOURAGE COMPLIANCE WITH THE EXCESS LINE LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION REVIEWS, RECORDS AND STAMPS EXCESS LINE INSURANCE DOCUMENTS REQUIRED TO BE SUBMITTED UNDER NEW YORK INSURANCE LAW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Pane Executive Director (as Of 6/12/23) | OfficerTrustee | 40 | $296,164 |
Joseph F Caligiuri Director | Trustee | 1 | $0 |
Gary Hollederer Director | Trustee | 1 | $0 |
Jo Ann Peri Director | Trustee | 1 | $0 |
Donald Privett Director | Trustee | 1 | $0 |
Denise Sanchez Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nancy Born Operations Consultant | 12/30/22 | $139,420 |
Intellistance Llc Novastance Analytics Market Data, And Analytics Services | 12/30/22 | $116,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,925,683 |
| Investment income | $1,181,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,106,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,774,562 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,460,992 |
| Pension plan accruals and contributions | $135,108 |
| Other employee benefits | $738,706 |
| Payroll taxes | $348,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,042 |
| Fees for services: Accounting | $59,825 |
| Fees for services: Lobbying | $90,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,054 |
| Fees for services: Other | $295,994 |
| Advertising and promotion | $0 |
| Office expenses | $143,827 |
| Information technology | $2,158,737 |
| Royalties | $0 |
| Occupancy | $665,407 |
| Travel | $135,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $526,418 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $533,464 |
| Insurance | $124,862 |
| All other expenses | $73,232 |
| Total functional expenses | $11,952,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $779,649 |
| Savings and temporary cash investments | $9,143,543 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,327,309 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $439,869 |
| Net Land, buildings, and equipment | $2,766,626 |
| Investments—publicly traded securities | $25,835,052 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,952,539 |
| Total assets | $47,244,587 |
| Accounts payable and accrued expenses | $876,518 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,418,972 |
| Total liabilities | $9,295,490 |
| Net assets without donor restrictions | $37,949,097 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $47,244,587 |
Grants Awarded
Over the last fiscal year, Excess Line Association Of New York has awarded $95,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
INSURANCE INDUSTRY CHARITABLE FOUNDATION PURPOSE: INSURANCE INDUSTRY CHARITABLE ORGANIZATION | $15,000 |
SHELTERBOX USA PURPOSE: HUMANITARIAN RELIEF EARTHQUAKES IN TURKEY | $15,000 |
FEEDING WESTCHESTER INC PURPOSE: VICTIM RELIEF NEW YORK FLOODS | $15,000 |
HAWAII COMMUNITY FOUNDATION PURPOSE: VICTIM RELIEF MAUI WILDFIRES | $15,000 |
ANERA PURPOSE: HUMANITARIAN AID VICTIMS OF ISRAEL-HAMAS WAR | $10,000 |
ISRA AID US GLOBAL HUMANITARIAN ASSISTANCE INC PURPOSE: HUMANITARIAN AID VICTIMS OF ISRAEL-HAMAS WAR | $10,000 |