National Association of Professional Surplus Lines Offices Ltd
- Assets
- $10.7m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Kansas City, MO
- Founding
- Data as of
- 07/2017
- EIN
- 11-2399515
Organization Overview
National Association of Professional Surplus Lines Offices Ltd is located in Kansas City, MO. As of 07/2017, National Association of Professional Surplus Lines Offices Ltd employed 11 individuals. National Association of Professional Surplus Lines Offices Ltd 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 07/2017, National Association of Professional Surplus Lines Offices Ltd generated $6.5m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $6.6m during the year ending 07/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
NAPSLO IS AN ASSOCIATION OF INSURANCE BROKERS, AGENTS AND UNDERWRITERS WHO ARE COMMITTED TO THE WHOLESALE DISTRIBUTION SYSTEM AND THE SURPLUS LINES INDUSTRY. THE ASSOCIATION PROVIDES NETWORKING OPPORTUNITIES, EDUCATION AND CAREER DEVELOPMENT PROGRAMS, ADVOCACY OF THE SURPLUS LINES MARKET AND VALUE OF THE WHOLESALE DISTRIBUTION, AND REGULATORY AND LEGISLATIVE ADVOCACY ON BEHALF OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAPSLO OFFERS THE FOLLOWING OPPORTUNITIES THROUGHOUT THE YEAR TO MEMBERS:* INDUSTRY/EDUCATIONAL MEETINGS (THE ANNUAL CONVENTION AND MID-YEAR LEADERSHIP FORUM)* WHOLESALE BROKER & INSURANCE COMPANY EDUCATION (EXCESS & SURPLUS LINES PROGRAM, ADVANCED E&S PROGRAM, EXECUTIVE LEADERSHIP SUMMIT, CONSULTATIVE SELLING AND NEGOTIATIONS PROGRAM, SURPLUS LINES MANAGEMENT PROGRAM AND ONLINE PROGRAMS)
NAPSLO'S LEGISLATIVE AND REGULATORY ADVOCACY EFFORTS PROVIDE AN IMPORTANT SERVICE FOR MEMBERS BY MONITORING AND EXPRESSING POSITIONS ON STATE AND FEDERAL ISSUES AFFECTING THE SURPLUS LINES INDUSTRY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry L Johnson III Director | Trustee | 1 | $0 |
Robert J Greenebaum Jr Director | Trustee | 1 | $0 |
Davis D Moore Director | Trustee | 1 | $0 |
Dave Obenauer Director | Trustee | 1 | $0 |
Lana S Parks Director | Trustee | 1 | $0 |
Scott A Culler Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faegre Bd Consulting Inc Lobbying | 7/30/16 | $268,992 |
Strategic Advisors Group Education Consultant | 7/30/16 | $138,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,599,301 |
| 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 | $1,599,301 |
| Total Program Service Revenue | $4,693,354 |
| Investment income | $225,112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,108 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,548,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,500 |
| 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. | $429,936 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,310,351 |
| Pension plan accruals and contributions | $100,436 |
| Other employee benefits | $135,301 |
| Payroll taxes | $97,321 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,318 |
| Fees for services: Lobbying | $300,970 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,582 |
| Advertising and promotion | $0 |
| Office expenses | $239,303 |
| Information technology | $29,997 |
| Royalties | $0 |
| Occupancy | $118,694 |
| Travel | $125,183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,900,853 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,439 |
| Insurance | $66,626 |
| All other expenses | $261,835 |
| Total functional expenses | $6,599,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $2,219,587 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,305 |
| 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 | $496,659 |
| Net Land, buildings, and equipment | $112,468 |
| Investments—publicly traded securities | $7,839,079 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,717,398 |
| Accounts payable and accrued expenses | $409,217 |
| Grants payable | $0 |
| Deferred revenue | $3,538,780 |
| 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 | $3,947,997 |
| Unrestricted restricted net Assets | $6,769,401 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $6,769,401 |