Florida Surplus Lines Association
- Assets
- $629.2k
- Revenue
- $349.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 59-2512705
Organization Overview
Florida Surplus Lines Association is located in Tallahassee, FL. The organization was established in 1990. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida 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 12/2021, Florida Surplus Lines Association generated $349.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $287.7k during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSURANCE INDUSTRY LIASION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN LIASION WITH ALL SEGEMENTS OF THE INSURANCE INDUSTRY INCLUDING REGULATORY BODIES, INSURERS, AND VARIOUS INSURANCE PROVIDER GROUPS. SUCH LIASION WITH REGULATORY BODIES INCLUDES THE FOLLOWING: PROVIDING INDUSTRY DATA AND INFORMATION FOR USE IN CONNECTION WITH THE MANAGEMENT OF STATUTES AND REGULATIONS GOVERNING INSURANCE AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harvey A Sheldon CPCU Treasurer | OfficerTrustee | 1 | $0 |
Don Deising President-Elect | OfficerTrustee | 1 | $0 |
Kathy Colangelo Asli CIC President | OfficerTrustee | 1 | $0 |
Dave Demott CPCU Amim Secretary | OfficerTrustee | 1 | $0 |
Jillian Heddaeus Cmp Iom Executive Director | Officer | 10 | $0 |
Virginia Clancy Asli Ciip Director | Trustee | 1 | $0 |
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 | $332,635 |
| Investment income | $7,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,917 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $349,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $63,768 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,262 |
| Fees for services: Lobbying | $64,587 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,260 |
| Office expenses | $4,557 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,324 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,624 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,356 |
| All other expenses | $109 |
| Total functional expenses | $287,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,221 |
| Savings and temporary cash investments | $336,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $132 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $629,153 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $101,550 |
| 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 | $53,875 |
| Total liabilities | $155,425 |
| Net assets without donor restrictions | $448,728 |
| Net assets with donor restrictions | $25,000 |
| 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 | $629,153 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fl Association Of Counties Inc Tallahassee, FL | $9,013,728 | $5,481,525 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Mobile, AL | $11,744,675 | $3,230,739 |
Women Corporate Directors Education And Development Foundation Inc Stuart, FL | $3,408,157 | $2,837,202 |
Georgia Highway Contractors Association Inc Alpharetta, GA | $1,405,091 | $1,643,875 |
Pile Driving Contractors Association Orange Park, FL | $1,207,632 | $1,387,614 |
Council For Quality Growth Inc Atlanta, GA | $1,449,992 | $1,248,012 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Montgomery, AL | $1,865,618 | $919,481 |
Alabama Road Builders Association Inc Montgomery, AL | $1,176,404 | $946,355 |
Concrete Sawing & Drilling Association Inc Saint Petersburg, FL | $466,261 | $768,154 |
Asphalt Contractors Association Of Florida Inc Tallahassee, FL | $1,273,386 | $827,391 |
Florida Harbor Pilots Association Inc Tallahassee, FL | $380,158 | $688,410 |
Florida Attractions Association Tallahassee, FL | $603,323 | $807,312 |