Surplus Lines Stamping Office Of Texas
- Assets
- $37.4m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 33
- Location
- Austin, TX
- Founding
- 02/1989
- Data as of
- 12/2021
- EIN
- 74-2484441
Organization Overview
Surplus Lines Stamping Office Of Texas is located in Austin, TX. The organization was established in 1989. 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 12/2021, Surplus Lines Stamping Office Of Texas employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Surplus Lines Stamping Office Of Texas is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Surplus Lines Stamping Office Of Texas generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $5.9m during the year ending 12/2021. While expenses have increased by 8.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OUR BUSINESS PARTNERS WITH MEANINGFUL DATA, ANALYSIS, AND EDUCATIONAL RESOURCES TO EMPOWER THEIR DECISIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SURPLUS LINES STAMPING OFFICE OF TEXAS (SLTX) EVALUATED AND ENTERED ALL REPORTED TEXAS SURPLUS LINES POLICIES DURING THE YEAR. THE SLTX EVALUATED ALL SURPLUS LINE INSURERS FOR ELIGIBILITY TO OPERATE IN TEXAS AND MADE RECOMMENDATIONS TO THE TEXAS DEPARTMENT OF INSURANCE (TDI). THE SLTX CONDUCTED LIVE AND WEB-BASED EDUCATION SEMINARS. THESE WERE AVAILABLE TO ANY INTERESTED PARTY ON A CONTINUOUS BASIS. CONTENT IS UPDATED ON A REGULAR BASIS. THE SLTX PROVIDED MARKET STATISTICS TO THE TDI, TEXAS COMPTROLLER OF PUBLIC ACCOUNTS, THE TEXAS WINDSTORM INSURANCE ASSOCIATION AND TRADE PUBLICATIONS. THE SLTX MAINTAINS A WEBSITE CONTAINING A VAST AMOUNT OF STATISTICAL DATA, PERTINENT LAWS AND REGULATIONS AND OTHER RESOURCE INFORMATION. THE SLTX PUBLISHED A MONTHLY BULLETIN AND A QUARTERLY NEWSLETTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Brandon Executive Director | Trustee | 40 | $278,891 |
Donna Aug Director Of Finance | Trustee | 40 | $162,693 |
Sholonda Stone Director Of Its | Trustee | 40 | $159,835 |
Cheyenne Herrera Director Of Operations | Trustee | 40 | $154,755 |
Denisse Orellana Director Of Human Resource | Trustee | 40 | $143,703 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Headspring Programming For Smart | 12/30/21 | $3,066,968 |
Renaissance Systems Inc Server Hosting, Maintenance, Programming | 12/30/21 | $242,640 |
Mitchell Williams Selig Gateswoodya Legal | 12/30/21 | $120,000 |
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 | $7,693,421 |
| Investment income | $341,784 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$529,030 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,506,175 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $899,878 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,430,432 |
| Pension plan accruals and contributions | $159,245 |
| Other employee benefits | $413,927 |
| Payroll taxes | $177,561 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120,000 |
| Fees for services: Accounting | $33,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $423,900 |
| Advertising and promotion | $0 |
| Office expenses | $43,946 |
| Information technology | $114,977 |
| Royalties | $0 |
| Occupancy | $360,598 |
| Travel | $6,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,822 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,552,086 |
| Insurance | $60,243 |
| All other expenses | $4,216 |
| Total functional expenses | $5,895,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $549,203 |
| Savings and temporary cash investments | $29,058,133 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $651,626 |
| 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 | $153,880 |
| Net Land, buildings, and equipment | $220,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,690,516 |
| Other assets | $30,273 |
| Total assets | $37,353,756 |
| Accounts payable and accrued expenses | $305,674 |
| 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 | $166,200 |
| Total liabilities | $471,874 |
| Net assets without donor restrictions | $27,228,056 |
| Net assets with donor restrictions | $9,653,826 |
| 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 | $37,353,756 |
Grants Awarded
Over the last fiscal year, Surplus Lines Stamping Office Of Texas has awarded $22,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: CHARITABLE WORK | $10,000 |
Austin, TX PURPOSE: SCHOLARSHIPS | $7,500 |
Kansas City, MO PURPOSE: SCHOLARSHIPS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dolese Bros Co Veba Trust Oklahoma City, OK | $445,170 | $18,567,104 |
Methodist Hospital Self Insurance Trust Houston, TX | $122,957,500 | $20,327,926 |
Forfeiture Support Associates Llc Welfare Benefit Tr Dallas, TX | $59,802 | $13,723,885 |
Texas Life Accident Health & Hosp Service Insurance Guaranty Assoc Austin, TX | $70,747,885 | $31,418,906 |
Kaiser-Francis Employees Benefit Tr Tulsa, OK | $1,100,579 | $8,088,672 |
Surplus Lines Stamping Office Of Texas Austin, TX | $37,353,756 | $7,506,175 |
Crest Industries Inc Employees Benefit Trust Alexandria, LA | $2,486,733 | $6,812,983 |
New Mexico Property Insurance Program Albuquerque, NM | $10,306,888 | $4,751,492 |
Lyle Hughart Welfare Fund-Tr Oklahoma City, OK | $8,143,494 | $4,449,291 |
Oklahoma Operating Engineers Welfare Plan Houston, TX | $25,938,314 | $6,830,151 |
Oklahoma Property And Casualty Insurance Guaranty Association Oklahoma City, OK | $74,052,010 | $8,374,389 |
Faust Distributing Company Inc Employee Benefit Plan Trust Houston, TX | $706,108 | $3,075,241 |