Texas Surplus Lines Association Inc
- Assets
- $451.1k
- Revenue
- $512.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Austin, TX
- Founding
- 01/1959
- Data as of
- 12/2021
- EIN
- 74-6062521
Organization Overview
Texas Surplus Lines Association Inc is located in Austin, TX. The organization was established in 1959. 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 12/2021, Texas Surplus Lines Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Surplus Lines Association Inc 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, Texas Surplus Lines Association Inc generated $512.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $524.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. 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
PROMOTES INTEREST OF INSURANCE INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL, MIDYEAR, AND SPECIAL MEETINGS TO EDUCATE MEMBERS AND THE PUBLIC
PUBLIC AND GOVERMENTAL AWARNESS EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Patterson Executive Director | OfficerTrustee | 40 | $86,138 |
Amicia Hine Past President | OfficerTrustee | 1 | $0 |
Justin Kotrla President | OfficerTrustee | 1 | $0 |
Tiffany Way Vice President | OfficerTrustee | 1 | $0 |
Kimmi Cantwell Secretary/treasurer | OfficerTrustee | 1 | $0 |
Robert Mcewen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $198,735 |
| 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 | $198,735 |
| Total Program Service Revenue | $216,112 |
| Investment income | $113 |
| 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 | $512,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $86,138 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,272 |
| Pension plan accruals and contributions | $5,016 |
| Other employee benefits | $2,776 |
| Payroll taxes | $10,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,295 |
| Advertising and promotion | $5,619 |
| Office expenses | $4,634 |
| Information technology | $5,370 |
| Royalties | $0 |
| Occupancy | $19,005 |
| Travel | $2,154 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $211,851 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,908 |
| All other expenses | $11,259 |
| Total functional expenses | $524,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,525 |
| Savings and temporary cash investments | $260,319 |
| 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 | $47,264 |
| 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 | $451,108 |
| Accounts payable and accrued expenses | $8,184 |
| Grants payable | $0 |
| Deferred revenue | $111,200 |
| 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 | $682 |
| Total liabilities | $120,066 |
| Net assets without donor restrictions | $331,042 |
| 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 | $451,108 |