National Association Of Surety Bond Producers Inc

Organization Overview

National Association Of Surety Bond Producers Inc is located in Bethesda, MD. The organization was established in 1970. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, National Association Of Surety Bond Producers Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Surety Bond Producers 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, National Association Of Surety Bond Producers Inc generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO STRENGTHEN PROFESSIONALISM, EXPERTISE, AND INNOVATION IN SURETY AND TO ADVOCATE ITS USE WORLDWIDE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ASSOCIATION CONDUCTS MEETINGS DURING THE YEAR FOR STAFF, MEMBERS, AFFILIATES AND ASSOCIATES FEATURING SPEAKERS ON MATTERS OF INTEREST TO THE SURETY INDUSTRY. DUE TO THE GLOBAL PANDEMIC, ALL MEETINGS IN THE FIRST HALF OF THE YEAR WERE HELD VIRTUALLY, INCLUDING THE ANNUAL CONVENTION. IN-PERSON GATHERINGS INCLUDED EAST AND WEST MEETINGS IN THE FALL. APPROXIMATELY 1,000 SURETY PROFESSIONALS REGISTERED FOR THOSE THREE EVENTS.


THE ASSOCIATION ALSO PROVIDES EDUCATIONAL PROGRAMS, INCLUDING WORKSHOPS AND SCHOOLS, WITH VARIOUS LEVELS OF CURRICULUM BASED ON THE EXPERIENCE OF THE STUDENT. SOME OF THE CURRICULUM QUALIFIES FOR CONTINUING INSURANCE EDUCATION. FOR EXAMPLE, 119 STUDENTS PARTICIPATED IN LEVEL I, LEVEL II AND COMMERCIAL SURETY SCHOOL WHICH WERE HELD IN PERSON IN AUGUST OF 2021. THE ASSOCIATION ALSO PRESENTED 22 LIVE VIRTUAL SEMINARS TO 7,936 PARTICIPANTS. THESE EVENTS, ALONG WITH MORE THAN 253 RECORDED SESSIONS, ARE AVAILABLE ON THE ASSOCIATION'S SURETYLEARN PLATFORM.


IN MARCH 2020, THE ASSOCIATION LAUNCHED A PODCAST, LET'S GET SURETY - LET ME HEAR YOUR BONDING TALK FEATURING INDUSTRY LEADERS AND EXPERTS PROVIDING AN INSIDER LOOK AT THE SURETY INDUSTRY. SINCE ITS INCEPTION, THERE HAVE BEEN CLOSE TO 18,000 DOWNLOADS OF THE MORE THAN 58 EPISODES. THE ASSOCIATION HOSTS A WEBSITE WHICH FEATURES A BLOG PROVIDING TIMELY INFORMATION ON ISSUES OF IMPORTANCE TO THE SURETY INDUSTRY. THE ASSOCIATION DISTRIBUTES VARIOUS COMMUNICATIONS TO ITS MEMBERS, AFFILIATES, AND ASSOCIATES. AMONG THE COMMUNICATIONS IS OUR NEWSLETTER, PIPELINE, DISTRIBUTED ELECTRONICALLY EVERY OTHER MONTH, WHICH FEATURES NEWS AND DEVELOPMENTS THAT AFFECT THE INDUSTRY. ALSO, FOCAL POINT IS AN ELECTRONIC BULLETIN THAT FOCUSES ON FEDERAL AND STATE LEGISLATIVE AND REGULATORY AFFAIRS. THIS E-BULLETIN IS PRODUCED ONCE OR TWICE A MONTH DURING THE LEGISLATIVE SEASON. NASBP SMARTBRIEF IS A WEEKLY, ELECTRONIC NEWSLETTER THAT PROVIDES A BRIEF SYNOPSIS OF NEWS SOURCES' STORIES ABOUT THE PEOPLE, MARKETS, AND POLICIES IMPACTING THE SURETY PRODUCT AND SURETY INDUSTRY. TO RECEIVE NASBP SMARTBRIEF, A RECIPIENT MUST SIGN-UP. THE NASBP SURETY BOND QUARTERLY MAGAZINE, PUBLISHED FOUR TIMES A YEAR, OFFERS INSIGHTS AND INFORMATION FOR SURETY PROFESSIONALS AS WELL AS OTHERS WHO NEED TO STAY UP-TO-DATE ON THE INDUSTRY'S LATEST NEWS AND DEVELOPMENTS. THE MAGAZINE IS DISTRIBUTED FOR FREE DIGITALLY AND IN PRINT TO THE NASBP MEMBERSHIP AS WELL AS PROJECT OWNERS, PUBLIC OFFICIALS, SUBCONTRACTORS, CONTRACTING OFFICERS, AND OTHERS WHO ARE AFFECTED BY DEVELOPMENTS IN THE SURETY INDUSTRY. THE HIGHLIGHTS - YEAR IN REVIEW IS AN ANNUAL PUBLICATION PRODUCED AT THE END OF THE YEAR THAT SUMMARIZES THE YEAR'S IMPORTANT ACCOMPLISHMENTS. NASBP PROVIDES THE YEAR IN REVIEW IN HARDCOPY AND ON THE WEBSITE. AN ON-LINE MEMBERSHIP DIRECTORY LISTS MEMBERS AND IS ACCESSIBLE BY THE PUBLIC AND BY THOSE SEEKING TO FORM BUSINESS RELATIONSHIPS WITH SURETY PROFESSIONALS.


IN ADDITION, THE ASSOCIATION CONDUCTS MYRIAD OUTREACH AND ADVOCACY ACTIVITIES TO INFLUENCE DECISION-MAKERS IN INDUSTRY AND GOVERNMENT, TO INCREASE THE AWARENESS AND USE OF SURETY BONDING IN THE PUBLIC AND PRIVATE SECTOR, AND TO IMPROVE COMMUNICATIONS WITH THE MEDIA.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $241,074
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$241,074
Total Program Service Revenue$2,527,501
Investment income $142,939
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $325,459
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,642,911

Create an account to unlock the data you need.

or