Pennsylvania Surplus Lines Association
- Assets
- $6.4m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Exton, PA
- Founding
- 03/1989
- Data as of
- 12/2020
- EIN
- 23-2209285
Organization Overview
Pennsylvania Surplus Lines Association is located in Exton, PA. The organization was established in 1989. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Pennsylvania Surplus Lines Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania Surplus Lines Association 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 12/2020, Pennsylvania Surplus Lines Association generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.9m during the year ending 12/2020. While expenses have increased by 4.1% per year over the past 6 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 2017, Pennsylvania Surplus Lines Association has awarded 12 individual grants totaling $165,000. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENT INTERESTS OF RESIDENT AND NON-RESIDENT LICENSED SURPLUS LINES AGENTS TRANSACTING BUSINESS IN PA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PENNSYLVANIA SURPLUS LINES ASSOCIATION WAS AWARDED A CONTRACT FROM THE PENNSYLVANIA INSURANCE DEPARTMENT (PID) TO DEVELOP AND MAINTAIN AN ELECTRONIC DATABASE OF STATISTICAL DATA ENTERED BY THE LICENSEES. IN ADDITION, THE PSLA SERVES AS AN ADVISORY ORGANIZATION WITH PID FOR PURPOSES OF ADVISING AND CONSULTING ON MATTERS CONCERNING THE SURPLUS LINES MARKET IN PENNSYLVANIA. PSLA PROVIDES TRAINING AND EDUCATION TO ALL LICENSEES. PSLA IS ALSO A VOLUNTARY MEMBERSHIP ORGANIZATION FOR ALL SURPLUS LINES LICENSEES AND SUPPORTING MEMBERSHIP FOR PRODUCERS, INSURANCE CARRIERS AND OTHER INTERESTED PARTIES CONCERNED IN GAINING GREATER KNOWLEDGE OF THE SURPLUS LINES MARKETPLACE. THE ASSOCIATION PROVIDED SERVICES TO 2,442 AGENCIES DURING 2020.
THE PENNSYLVANIA SURPLUS LINES ASSOCIATION WAS AWARDED A CONTRACT FROM THE PENNSYLVANIA INSURANCE DEPARTMENT (PID) TO DEVELOP AND MAINTAIN AN ELECTRONIC DATABASE OF STATISTICAL DATA ENTERED BY THE LICENSEES. IN ADDITION, THE PSLA SERVES AS AN ADVISORY ORGANIZATION WITH PID FOR PURPOSES OF ADVISING AND CONSULTING ON MATTERS CONCERNING THE SURPLUS LINES MARKET IN PENNSYLVANIA. PSLA PROVIDES TRAINING AND EDUCATION TO ALL LICENSEES. PSLA IS ALSO A VOLUNTARY MEMBERSHIP ORGANIZATION FOR ALL SURPLUS LINES LICENSEES AND SUPPORTING MEMBERSHIP FOR PRODUCERS, INSURANCE CARRIERS AND OTHER INTERESTED PARTIES CONCERNED IN GAINING GREATER KNOWLEDGE OF THE SURPLUS LINES MARKETPLACE. THE ASSOCIATION PROVIDED SERVICES TO 2,442 AGENCIES DURING 2020.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Rudert Executive Director | Officer | 37.5 | $168,052 |
Megan Stine Chief Financial Officer | Officer | 37.5 | $127,511 |
Dennis Lewandowski President | OfficerTrustee | 2 | $0 |
Judith Klingerman Vice President | OfficerTrustee | 2 | $0 |
Mary Marines Secretary | OfficerTrustee | 2 | $0 |
Irene Barbera Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lim Norris Consulting Group It Services | 12/30/20 | $233,398 |
Lim Norris Consulting Group It Services | 12/30/20 | $233,398 |
Saul Ewing Arnstein Lehr Llp Legal Services | 12/30/20 | $110,046 |
Richo Usa Inc It Services | 12/30/20 | $105,358 |
Richo Usa Inc It Services | 12/30/20 | $105,358 |
Saul Ewing Arnstein Lehr Llp Legal Services | 12/30/20 | $110,046 |
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 | $2,294,300 |
| Investment income | $64,145 |
| 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 | $2,358,445 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,650 |
| 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. | $322,164 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $461,952 |
| Pension plan accruals and contributions | $39,797 |
| Other employee benefits | $113,495 |
| Payroll taxes | $61,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,694 |
| Fees for services: Accounting | $59,394 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,835 |
| Advertising and promotion | $0 |
| Office expenses | $39,594 |
| Information technology | $313,872 |
| Royalties | $0 |
| Occupancy | $120,548 |
| Travel | $5,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,599 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,868 |
| Insurance | $40,702 |
| All other expenses | $0 |
| Total functional expenses | $1,867,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,682,980 |
| Savings and temporary cash investments | $3,174,489 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $236,894 |
| 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 | $62,999 |
| Net Land, buildings, and equipment | $187,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,963 |
| Total assets | $6,353,987 |
| Accounts payable and accrued expenses | $84,808 |
| 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 | $0 |
| Total liabilities | $84,808 |
| Net assets without donor restrictions | $6,269,179 |
| 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 | $6,353,987 |
Grants Awarded
Over the last fiscal year, Pennsylvania Surplus Lines Association has awarded $130,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO | | $15,000 |
Kansas City, MO | | $15,000 |
PENN STATE UNIVERSITY | | | $12,500 |
Philadelphia, PA | | $12,500 |
PENN STATE UNIVERSITY | | | $12,500 |
Erie, PA | | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Cargo Bureau Inc New York, NY | $143,044,465 | $25,246,803 |
Ocean Pines Association Inc Berlin, MD | $44,855,857 | $18,056,839 |
Effie Worldwide Inc New York, NY | $5,194,477 | $9,012,893 |
Association For Iron And Steel Technology Warrendale, PA | $25,867,856 | $8,482,182 |
Precision Metal Forming Association Independence, OH | $18,164,960 | $5,690,425 |
Association Of Junior Leagues International Inc New York, NY | $6,233,949 | $6,169,858 |
Maryland Association Of Certified Public Accountants Towson, MD | $5,874,281 | $4,922,234 |
Pennsylvania Municipal League Harrisburg, PA | $4,038,620 | $4,353,678 |
Ohio Contractors Assn Columbus, OH | $3,791,101 | $4,131,922 |
General Contractors Association Of N Y Inc New York, NY | $5,224,579 | $3,924,601 |
Associated Construction Contractors Of New Jersey Inc Edison, NJ | $3,469,293 | $3,847,695 |
Continuing Care Leadership Coalition Inc New York, NY | $0 | $1,160,487 |