Nevada Surplus Lines Association Inc
- Assets
- $3.0m
- Revenue
- $2.4m
- Investments
- $2.2m
- Employees
- 2
- Location
- Reno, NV
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 88-0358656
Organization Overview
Nevada Surplus Lines Association Inc is located in Reno, NV. The organization was established in 1997. 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 12/2021, Nevada 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. Nevada 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, Nevada Surplus Lines Association Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. 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
TO ASSIST THE NEVADA DIVISION OF INSURANCE IN THE REGULATION OF SURPLUS LINES INSURANCE AND TO ENCOURAGE COMPLIANCE BY SURPLUS LINES AGENTS AND INSURERS WITH THE SURPLUS LINES LAW AND THE RULES OF THE NEVADA DIVISION OF INSURANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES ARE PROVIDED BY ACCEPTING REQUIRED FILINGS RELATED TO THE PLACEMENT OF SURPLUS LINES INSURANCE BY MEMBER BROKERS AND PROVIDING RELATED EDUCATIONAL SERVICES TO MEMBER BROKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Muzea Executive Di | Officer | 40 | $98,125 |
Nick Rossi Chairman | OfficerTrustee | 0.5 | $0 |
Steve Wilkins Vice-Chairma | OfficerTrustee | 0.5 | $0 |
Cindy Fleischer Secretary/tr | OfficerTrustee | 0.5 | $0 |
Tom Kerestesi Director | Trustee | 0.5 | $0 |
John Drakulich Director | Trustee | 0.5 | $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 | $2,214,828 |
| Investment income | $52,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $95,148 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,380,303 |
| 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. | $126,280 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,834 |
| Pension plan accruals and contributions | $3,075 |
| Other employee benefits | $2,199 |
| Payroll taxes | $9,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,800 |
| Fees for services: Accounting | $32,527 |
| 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 | $3,565 |
| Information technology | $33,267 |
| Royalties | $0 |
| Occupancy | $38,112 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,560 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,585 |
| All other expenses | $5,353 |
| Total functional expenses | $2,681,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,542 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $606,217 |
| 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 | $16,616 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,232,152 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,691 |
| Total assets | $3,045,218 |
| Accounts payable and accrued expenses | $15,377 |
| Grants payable | $0 |
| Deferred revenue | $30,276 |
| 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 | $45,653 |
| Net assets without donor restrictions | $2,999,565 |
| 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 | $3,045,218 |
Grants Awarded
Over the last fiscal year, Nevada Surplus Lines Association Inc has awarded $60,547 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Las Vegas, NV PURPOSE: PUBLIC EDUCATION | $50,000 |
Henderson, NV PURPOSE: PUBLIC EDUCATION | $10,547 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Oregon Solar Energy Industries Association Portland, OR | $124,544 | $371,232 |
Independent Insurance Agents Association Of Sacramento Inc Sacramento, CA | $147,293 | $255,632 |
Vehicle Grid Integration Council Sacramento, CA | $329,701 | $382,476 |