Surplus Line Association Of Arizona
- Assets
- $1.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Scottsdale, AZ
- Founding
- 07/1971
- Data as of
- 12/2021
- EIN
- 86-0226564
Organization Overview
Surplus Line Association Of Arizona is located in Scottsdale, AZ. The organization was established in 1971. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Surplus Line Association Of Arizona 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, Surplus Line Association Of Arizona generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 6.5% 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
EXAMINE INSURANCE POLICIES WRITTEN BY SURPLUS LINE BROKERS IN ARIZONA AND TO REVIEW AND MAINTAIN BROKER RECORDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN A STAMPING OFFICE FOR THE FILING OF SURPLUS LINE INSURANCE AND TO EXAMINE SUCH FILINGS AND DETERMINE WHETHER THEY COMPLY WITH THE LAWS OF THE STATE OF ARIZONA AND THE RULES AND REGULATIONS OF THE DEPARTMENT OF INSURANCE OF THE STATE OF ARIZONA RELATING TO THE SURPLUS LINE INSURANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Scott Wede Executive Dir. | Officer | 40 | $157,500 |
Marc R Adler Secretary | Officer | 0 | $0 |
Konnie Keaschall-Kiser President | Officer | 0 | $0 |
Ed Dresselhuys Vice President | Officer | 0 | $0 |
Eric Johnson Director | Trustee | 0 | $0 |
Lanny L Hair Director | Trustee | 0 | $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 | $2,079,494 |
| Investment income | $0 |
| 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 | $2,079,494 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,342,500 |
| 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. | $157,500 |
| 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 | $11,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,113 |
| Fees for services: Accounting | $58,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,055 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,290 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,065 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,010 |
| Insurance | $8,621 |
| All other expenses | $5,473 |
| Total functional expenses | $1,786,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,648 |
| Savings and temporary cash investments | $361,505 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $146,569 |
| 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 | $20,968 |
| Net Land, buildings, and equipment | $90,823 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $131,472 |
| Total assets | $1,152,985 |
| Accounts payable and accrued expenses | $43,463 |
| 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 | $8,556 |
| Total liabilities | $52,019 |
| Net assets without donor restrictions | $1,100,966 |
| 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 | $1,152,985 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Surplus Line Association Of Arizona has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Wholesale And Specialty Insurance Association Kansas City, MO PURPOSE: CONFERENCE SPONSORSHIP | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Association Of Counties Santa Fe, NM | $7,716,712 | $6,705,906 |
Nevada Surplus Lines Association Inc Reno, NV | $3,045,218 | $2,380,303 |
Personal Insurance Federation Of California Sacramento, CA | $3,765,397 | $2,029,864 |
Surplus Line Association Of Arizona Scottsdale, AZ | $1,152,985 | $2,079,494 |
Independent Insurance Agents And Brokers Of California Inc Pleasanton, CA | $2,887,810 | $1,617,791 |
Berkeley Real Estate Forum Berkeley, CA | $1,547,477 | $572,510 |
Independent Insurance Agents And Brokers Of Arizona Inc Phoenix, AZ | $3,206,496 | $764,205 |
Utah Association Of Independent Insurance Agents West Valley City, UT | $870,255 | $610,989 |
California Gaming Association Sacramento, CA | $90,520 | $331,935 |
Sierra Nevada Realtors Carson City, NV | $991,354 | $317,792 |
Independent Insurance Agents Association Of Sacramento Inc Sacramento, CA | $147,293 | $255,632 |
Vehicle Grid Integration Council Sacramento, CA | $329,701 | $382,476 |