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Nonprofiteer
← PENNSYLVANIA SURPLUS LINES ASSOCIATION

Form 990 for tax year 2022

Filed by PENNSYLVANIA SURPLUS LINES ASSOCIATION.

Totals

Total revenue
$2,697,401
Total expenses
$1,978,599
Contributions and grants received
$0
Grants paid
$76,100
Program service revenue
$2,657,730
Investment income
$39,671
Other revenue
$0
Total assets, end of year
$8,302,613
Total liabilities, end of year
$672,250
Net assets or fund balances, end of year
$7,630,363
Program services expenses (Part IX)
$1,978,599
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,978,599

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: STAMPING FEES

    total $2,657,730 · related or exempt $2,657,730

  • 3 · Investment income

    total $39,671 · unrelated business $39,671

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $76,100 · program services $76,100

  • 5 · Compensation of officers, directors and key employees

    total $373,829 · program services $373,829

  • 7 · Other salaries and wages

    total $383,751 · program services $383,751

  • 8 · Pension plan contributions

    total $34,284 · program services $34,284

  • 9 · Other employee benefits

    total $97,695 · program services $97,695

  • 10 · Payroll taxes

    total $54,509 · program services $54,509

  • 11b · Fees: legal

    total $122,072 · program services $122,072

  • 11c · Fees: accounting

    total $58,798 · program services $58,798

  • 11g · Fees: other

    total $28,308 · program services $28,308

  • 13 · Office expenses

    total $50,658 · program services $50,658

  • 14 · Information technology

    total $391,072 · program services $391,072

  • 16 · Occupancy

    total $140,194 · program services $140,194

  • 17 · Travel

    total $10,333 · program services $10,333

  • 19 · Conferences, conventions and meetings

    total $45,681 · program services $45,681

  • 22 · Depreciation, depletion and amortization

    total $70,843 · program services $70,843

  • 23 · Insurance

    total $32,278 · program services $32,278

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $7,589 · program services $7,589

  • 24b · Other expenses: SLA WORKSHOPS

    total $605 · program services $605

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,774,464 · end of year $3,532,104

  • 2 · Savings and temporary cash investments

    beginning of year $2,781,931 · end of year $3,519,721

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $233,599 · end of year $265,099

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $51,208 · end of year $76,043

  • 10a · Land, buildings and equipment: cost or other basis

    $2,593,304

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,118,951

  • 10c · Land, buildings and equipment, net

    beginning of year $146,701 · end of year $474,353

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $8,963 · end of year $435,293

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,305 · end of year $243,864

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $428,386

  • 27 · Net assets without donor restrictions

    beginning of year $6,911,561 · end of year $7,630,363

Mission and programs · 2022

Mission

OUR MISSION IS TO SERVE PENNSYLVANIA'S INSURANCE CONSUMERS, LICENSEES, AND REGULATORS THROUGH FAIR AND EFFICIENT SUPPORT OF THE SURPLUS LINES INSURANCE INDUSTRY.

Activities or mission (Part I)

REPRESENT INTERESTS OF RESIDENT AND NON-RESIDENT SURPLUS LINES LICENSEES TRANSACTING BUSINESS IN PA

  • THE PENNSYLVANIA SURPLUS LINES ASSOCIATION WAS AWARDED A CONTRACT FROM THE PENNSYLVANIA INSURANCE DEPARTMENT (PID) TO DEVELOP AND MAINTAIN AN ELECTRONIC DATABASE OF STATISTICAL DATA ENTERED BY THE LICENSEES. IN ADDITION, THE PSLA SERVES AS AN ADVISORY ORGANIZATION WITH PID FOR PURPOSES OF ADVISING AND CONSULTING ON MATTERS CONCERNING THE SURPLUS LINES MARKET IN PENNSYLVANIA. PSLA PROVIDES TRAINING AND EDUCATION TO ALL LICENSEES. PSLA IS ALSO A VOLUNTARY MEMEBERSHIP FOR PRODUCERS, LICENSEES, INSURANCE CARRIERS AND OTHER INTERESTED PARTIES CONCERNED IN GAINING GREATER KNOWLEDGE OF THE SURPLUS LINES MARKETPLACE. THE ASSOCIATION PROVIDED SERVICES TO 2,861 AGENCIES DURING 2022.

    Expenses $1,978,599 · Revenue $2,657,730

As filed on the 2022 return.

Listed in Part VII

  • Dennis Lewandowski

    PRESIDENT THRU 11/22

    Total calculated
    $0
    Hours/week
    2

  • Linda Bobro

    BOARD MEMBER/PRESIDENT 11/22

    Total calculated
    $0
    Hours/week
    2

  • Judith Klingerman

    VICE PRESIDENT/BOARD MEMBER 11/22

    Total calculated
    $0
    Hours/week
    2

  • Missy Greenberg

    TREASURER/VICE PRESIDENT 11/22

    Total calculated
    $0
    Hours/week
    2

  • Gerald Henner

    BOARD MEMBER/TREASURER 11/22

    Total calculated
    $0
    Hours/week
    2

  • Mary Marines

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Barry Kauffmann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Harry King IV

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dianne Sprague

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Owens

    BOARD MEMBER THRU 07/22

    Total calculated
    $0
    Hours/week
    2

  • Marie Rudert

    EXECUTIVE DIRECTOR

    Total calculated
    $211,030
    From this org
    $182,535
    From related orgs
    $0
    Other
    $28,495
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $177,185
    Bonus
    $5,350
    Other
    $0
    Deferred
    $16,524
    Nontaxable benefits
    $11,971
    Filer's total
    $211,030

  • Megan Stine

    CHIEF FINANCIAL OFFICER

    Total calculated
    $162,397
    From this org
    $147,014
    From related orgs
    $0
    Other
    $15,383
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $137,485
    Bonus
    $9,529
    Other
    $0
    Deferred
    $13,327
    Nontaxable benefits
    $2,056
    Filer's total
    $162,397

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
SPOUSE OF A BOARD MEMBER, STEPHANIE OWENS, ACCOMPANIES THEIR SPOUSE TO A CONFERENCE IN JUNE 2022. NONE OF THIS BENEFIT WAS TREATED AS TAXABLE COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
13 October 2023
IRS schema version
2022v5.0
Source object
202342899349301549

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