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NORTH CAROLINA INSURANCE

EIN 23-7102759 RALEIGH, NC

Largest nonprofits in North Carolina

Revenue 2025
$673,514,463
Expenses 2025
$320,384,889

As filed

Subsection
06
Classification
2000
Street
751 CORPORATE CENTER DR STE 200

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

Mission

IN 1969, THE NORTH CAROLINA GENERAL ASSEMBLY ESTABLISHED THE ASSOCIATION AS A MARKET OF LAST RESORT TO PROVIDE PROPERTY INSURANCE IN THE BEACH AND COASTAL AREAS OF NORTH CAROLINA FOR INDIVIDUALS AND BUSINESSES WHO ARE UNABLE TO BUY IT IN THE STANDARD INSURANCE MARKET. ALL PROPERTY AND CASUALTY INSURANCE COMPANIES DOING BUSINESS IN NORTH CAROLINA ARE REQUIRED BY STATUTE TO PARTICIPATE IN FUNDING THE OPERATIONS OF THE ASSOCIATION, AND THEY SHARE IN ITS LOSSES ON PRO RATA BASIS. THE ASSOCIATION IS NOT AN AGENCY OF THE STATE GOVERNMENT, BUT ITS REGULATED BY THE NORTH CAROLINA COMMISSIONER OF INSURANCE.

  • CONDUCT BUSINESS BY PROVIDING PROPERTY INSURANCE TO INDIVIDUALS AND BUSINESSES WHO WERE UNABLE TO BUY IT IN THE STANDARD MARKET.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Eric Hammons

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Allen Houck

    CHAIR (TO NOV '25)/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Steve Hall

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jerry Achatz

    BOARD MEMBER (TO NOV '25)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Royce Bennett

    BOARD MEMBER (FROM NOV '25)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Laura Bunts

    BOARD MEMBER (FROM NOV '25)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Rod Evans

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Alex Garate

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Charlotte Hicks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Donald Hornstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Bill Long

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Sarah Maestre

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • John Miletti

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Becky Pollard

    BOARD MEMBER (TO NOV '25)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Franklin Rouse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Steve Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Dianne Hardy

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $701,691
    From this org
    $0
    From related orgs
    $643,820
    Other
    $57,871
    Hours/week
    18.75 + 18.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $542,810 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $1,010 related
    Deferred
    $0 + $37,399 related
    Nontaxable benefits
    $0 + $20,472 related
    Filer's total
    $0 + $701,691 related
  • Alvin Ashworth

    CHIEF OPERATING OFFICER

    Total calculated
    $531,419
    From this org
    $0
    From related orgs
    $474,086
    Other
    $57,333
    Hours/week
    18.75 + 18.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $389,309 related
    Bonus
    $0 + $83,007 related
    Other
    $0 + $1,770 related
    Deferred
    $0 + $33,075 related
    Nontaxable benefits
    $0 + $24,258 related
    Filer's total
    $0 + $531,419 related
  • Sarah Moore

    CHIEF FINANCIAL OFFICER

    Total calculated
    $312,240
    From this org
    $0
    From related orgs
    $269,181
    Other
    $43,059
    Hours/week
    18.75 + 18.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,193 related
    Bonus
    $0 + $54,598 related
    Other
    $0 + $1,390 related
    Deferred
    $0 + $23,497 related
    Nontaxable benefits
    $0 + $19,562 related
    Filer's total
    $0 + $312,240 related
  • Robert Eades

    CHIEF CLAIMS OFFICER

    Total calculated
    $390,558
    From this org
    $0
    From related orgs
    $337,116
    Other
    $53,442
    Hours/week
    18.75 + 18.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,249 related
    Bonus
    $0 + $45,857 related
    Other
    $0 + $1,010 related
    Deferred
    $0 + $27,013 related
    Nontaxable benefits
    $0 + $26,429 related
    Filer's total
    $0 + $390,558 related
  • Sonya Champion

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $363,849
    From this org
    $0
    From related orgs
    $323,734
    Other
    $40,115
    Hours/week
    18.75 + 18.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,486 related
    Bonus
    $0 + $55,478 related
    Other
    $0 + $1,770 related
    Deferred
    $0 + $27,703 related
    Nontaxable benefits
    $0 + $12,412 related
    Filer's total
    $0 + $363,849 related
  • Tekeela Barnes

    CHIEF INFORMATION OFFICER

    Total calculated
    $365,207
    From this org
    $0
    From related orgs
    $317,529
    Other
    $47,678
    Hours/week
    18.75 + 18.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,645 related
    Bonus
    $0 + $45,874 related
    Other
    $0 + $1,010 related
    Deferred
    $0 + $22,651 related
    Nontaxable benefits
    $0 + $25,027 related
    Filer's total
    $0 + $365,207 related
  • Vicki Fisher

    DIRECTOR OF CLAIMS

    Total calculated
    $299,173
    From this org
    $0
    From related orgs
    $269,007
    Other
    $30,166
    Hours/week
    18.75 + 18.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,301 related
    Bonus
    $0 + $39,696 related
    Other
    $0 + $1,010 related
    Deferred
    $0 + $17,863 related
    Nontaxable benefits
    $0 + $12,303 related
    Filer's total
    $0 + $299,173 related
  • Mick Quinlan

    DIRECTOR OF IT

    Total calculated
    $294,209
    From this org
    $0
    From related orgs
    $241,443
    Other
    $52,766
    Hours/week
    18.75 + 18.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $234,993 related
    Bonus
    $0 + $4,680 related
    Other
    $0 + $1,770 related
    Deferred
    $0 + $19,278 related
    Nontaxable benefits
    $0 + $33,488 related
    Filer's total
    $0 + $294,209 related
  • Vita Wooten

    DIRECTOR OF UNDERWRITING

    Total calculated
    $261,016
    From this org
    $0
    From related orgs
    $222,394
    Other
    $38,622
    Hours/week
    18.75 + 18.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,208 related
    Bonus
    $0 + $28,796 related
    Other
    $0 + $1,390 related
    Deferred
    $0 + $14,233 related
    Nontaxable benefits
    $0 + $24,389 related
    Filer's total
    $0 + $261,016 related

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $673,514,463
    Expenses
    $320,384,889
    Contributions
    $0
    Grants paid
    $30,818,006
  • 2024
    Revenue
    $570,779,362
    Expenses
    $316,794,661
    Contributions
    $0
    Grants paid
    $15,207,975
  • 2023
    Revenue
    $446,830,243
    Expenses
    $244,465,418
    Contributions
    $0
    Grants paid
    $12,935,601
  • 2022
    Revenue
    $357,797,739
    Expenses
    $184,740,119
    Contributions
    $0
    Grants paid
    $10,585,758

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $314,057,800
    Expenses
    $164,666,796
    Assets (EOY)
    $1,027,510,560
  • 2020 · 990

    Revenue
    $279,001,377
    Expenses
    $202,513,546
    Assets (EOY)
    $878,002,625
  • 2019 · 990

    Revenue
    $281,482,867
    Expenses
    $367,397,328
    Assets (EOY)
    $851,036,289
  • 2018 · 990

    Revenue
    $349,643,486
    Expenses
    $1,312,128,310
    Assets (EOY)
    $1,064,688,165
  • 2017 · 990

    Revenue
    $337,063,764
    Expenses
    $90,730,088
    Assets (EOY)
    $1,751,460,368
  • 2016 · 990

    Revenue
    $311,782,864
    Expenses
    $166,051,229
    Assets (EOY)
    $1,543,383,621
  • 2015 · 990

    Revenue
    $287,644,574
    Expenses
    $94,743,293
    Assets (EOY)
    $1,384,678,526
  • 2014 · 990

    Revenue
    $253,399,904
    Expenses
    $115,842,640
    Assets (EOY)
    $1,210,197,349
  • 2013 · 990

    Revenue
    $197,422,735
    Expenses
    $91,870,202
    Assets (EOY)
    $1,065,562,770
  • 2011 · 990

    Revenue
    not reported
    Expenses
    $50,534,712
    Assets (EOY)
    $971,253,201

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2025 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.