The National Structured Settlements Trade Association
- Assets
- $993.3k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/1989
- Data as of
- 12/2023
- EIN
- 95-4020047
Organization Overview
The National Structured Settlements Trade Association is located in Washington, DC. The organization was established in 1989. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Structured Settlements Trade Association 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 12/2023, National Structured Settlements Trade Association generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL STRUCTURED SETTLEMENTS TRADE ASSOCIATION WAS FORMED TO PROVIDE MEMBERS AND OTHER INTERESTED PARTIES OPPORTUNITIES FOR SELF-IMPROVEMENT, EDUCATION, DIALOGUE AND ADVANCEMENT IN THE STRUCTURED SETTLEMENT PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HIGHEST GOAL AND RESPONSIBILITY OF THE NATIONAL STRUCTURED SETTLEMENTS TRADE ASSOCIATION IS THE ESTABLISHMENT AND PRESERVATION OF STRUCTURED SETTLEMENTS IN ORDER TO PROVIDE LONG-TERM FINANCIAL SECURITY TO PERSONAL INJURY CLAIMANTS AND THEIR FAMILIES THROUGH PERIODIC PAYMENT OF COMPENSATION. THE ASSOCIATION HAS ESTABLISHED THE NSSTA UNIVERSITY TO PROMOTE THE UTILIZATION OF PERIODIC PAYMENT ARRANGEMENTS GENERALLY AS A TOOL FOR RESOLVING CLAIMS BY PROVIDING STRUCTURED SETTLEMENT INDUSTRY PROFESSIONALS BY PROVIDING ASSOCIATION MEMBERS WITH THE HIGHEST QUALITY PROFESSIONAL EDUCATIONAL AND TRAINING PROGRAMS AT TWO INDUSTRY CONFERENCES EACH YEAR. THE NSSTA UNIVERSITY DEVELOPS AND MAINTAINS PROFESSIONAL EDUCATIONAL PROGRAMS FOR MEMBERS THAT PROVIDE IMPORTANT CONTINUING EDUCATION (CE) AND CONTINUING LEGAL EDUCATION (CLE) CREDITS AT THE NSSTA ANNUAL MEETING AND THE NSSTA FALL EDUCATIONAL MEETING. THE ASSOCIATION HAS ALSO DEVELOPED THE CERTIFIED STRUCTURED SETTLEMENT CONSULTANT PROFESSIONAL CERTIFICATION PROGRAM WHICH IS RECOGNIZED NATIONALLY AS THE STRUCTURED SETTLEMENT INDUSTRY PROFESSIONAL CERTIFICATION STANDARD OF EXCELLENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nolan Robinson Treasurer | OfficerTrustee | 1 | $0 |
Len Blonder Director | Trustee | 1 | $0 |
Peter Early Director | Trustee | 1 | $0 |
Jeanette Hernandez Director | Trustee | 1 | $0 |
Greg Micoletti Director | Trustee | 1 | $0 |
Kerri Poe Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Book Hill Partners Llc Management And Governance | 12/30/22 | $775,329 |
Cozen O'connor Legal Services | 12/30/22 | $221,086 |
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 | $1,478,282 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,478,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $789,849 |
| Fees for services: Legal | $252,170 |
| Fees for services: Accounting | $20,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,278 |
| Advertising and promotion | $0 |
| Office expenses | $19,324 |
| Information technology | $27,221 |
| Royalties | $0 |
| Occupancy | $2,560 |
| Travel | $35,701 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $380,728 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,386 |
| All other expenses | $17,932 |
| Total functional expenses | $1,650,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $762,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $222,220 |
| 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 | $5,706 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,769 |
| Total assets | $993,258 |
| Accounts payable and accrued expenses | $15,797 |
| Grants payable | $0 |
| Deferred revenue | $757,475 |
| 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 | $773,272 |
| Net assets without donor restrictions | $219,986 |
| Net assets with donor restrictions | $0 |
| 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 | $993,258 |