Surplus Line Association Of California
- Assets
- $56.0m
- Revenue
- $34.3m
- Investments
- $0.0
- Employees
- 154
- Location
- San Ramon, CA
- Founding
- 01/1941
- Data as of
- 11/2023
- EIN
- 94-0912095
Organization Overview
Surplus Line Association Of California is located in San Ramon, CA. The organization was established in 1941. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 11/2023, Surplus Line Association Of California employed 154 individuals. This organization is the central organization for a national or regional group of organizations. Surplus Line Association Of California 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 11/2023, Surplus Line Association Of California generated $34.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $28.0m during the year ending 11/2023. While expenses have increased by 10.0% per year over the past 8 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 2016, Surplus Line Association Of California has awarded 34 individual grants totaling $880,991. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP MAINTAIN A HEALTHY, FAIR, AND COMPETITIVE SURPLUS LINE MARKETPLACE IN CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SLA PROVIDES INFORMATION AND INSTRUCTION TO ITS MEMBERS AND OTHER INTERESTED PERSONS CONCERNED BY BROADENING ITS COMMUNICATION CAPABILITIES, PRESENTING SEMINARS, EDUCATING THE INDUSTRY AND CONSUMERS IN SURPLUS LINE LAWS AND REGULATIONS, ASSISTING WITH THE REGULATORY COMPLIANCE QUESTIONS, AND DISSEMINATING, IN A TIMELY MATTER, UPDATED AND CURRENT INFORMATION RELATIVE TO THE SURPLUS LINE INDUSTRY. THE SLA CONSISTS OF 7,697 MEMBERS (RESIDENT & NON-RESIDENT), ISSUED 2,222 CONTINUING EDUCATION CERTIFICATES VIA 7 LIVE AND 18 ON-DEMAND COURSES. THE SLA CONDUCTED 3 BROKER VISITS IN FY23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Beaver Chair | OfficerTrustee | 1 | $0 |
Rich Gobler Vice Chair | OfficerTrustee | 1 | $0 |
John Washington Secretary/treasurer | OfficerTrustee | 1 | $0 |
Terri Moran Past Chair | Trustee | 1 | $0 |
Charles Rosson Board Member | Trustee | 1 | $0 |
Hank Haldeman Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kikoda Llc It Support | 11/29/23 | $1,260,776 |
Sdc7 Llc Rental, Construction Service | 11/29/23 | $1,066,870 |
Rp 275 Battery Owner Llc Rental | 11/29/23 | $322,755 |
Vantage Point Consulting It Support | 11/29/23 | $182,081 |
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 | $34,127,361 |
| Investment income | $748,912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$568,577 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,307,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $179,001 |
| 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. | $2,018,798 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,497,366 |
| Pension plan accruals and contributions | $697,795 |
| Other employee benefits | $2,420,353 |
| Payroll taxes | $1,073,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120,055 |
| Fees for services: Accounting | $86,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,113 |
| Fees for services: Other | $1,318,477 |
| Advertising and promotion | $0 |
| Office expenses | $544,455 |
| Information technology | $734,596 |
| Royalties | $0 |
| Occupancy | $677,779 |
| Travel | $1,118,191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $587,651 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,314,012 |
| Insurance | $197,428 |
| All other expenses | $281,586 |
| Total functional expenses | $27,991,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,861,493 |
| Savings and temporary cash investments | $19,464,386 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,951,567 |
| 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 | $542,321 |
| Net Land, buildings, and equipment | $2,093,622 |
| Investments—publicly traded securities | $24,744,921 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,147,886 |
| Other assets | $2,214,426 |
| Total assets | $56,020,622 |
| Accounts payable and accrued expenses | $495,361 |
| 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 | $5,382,986 |
| Total liabilities | $5,878,347 |
| Net assets without donor restrictions | $50,142,275 |
| 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 | $56,020,622 |
Grants Awarded
Over the last fiscal year, Surplus Line Association Of California has awarded $171,837 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CAL STATE FULLERTON PHILANTHROPIC FOUNDATION PURPOSE: GENERAL SUPPORT | $7,500 |
CA INSURANCE WHOLESALERS ASSOCIATION PURPOSE: GENERAL SUPPORT | $75,000 |
INSURANCE INDUSTRY CHARITABLE FOUNDATION PURPOSE: GENERAL SUPPORT | $33,337 |
NATIONAL COUNCIL OF INSURANCE LEGISLATORS PURPOSE: GENERAL SUPPORT | $6,000 |
GREENBERG TRAURIG PURPOSE: SPRING 2023 SURPLUS LINES LAW GROUP CONFERENCE SPONSORSHIP | $10,000 |
CALIFORNIA INSURANCE EMERGENCY RESPONSE ASSOCIATION PURPOSE: GENERAL SUPPORT | $40,000 |