Nonprofit · EIN 94-0912095
SURPLUS LINE ASSOCIATION OF CALIFORNIA
Tax-exempt · SAN RAMON, CA 94583
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2024 | 990 | $35,815,570 | $30,898,115 | $4,917,455 | $61,889,711 | $5,841,306 | $56,048,405 |
| November 30, 2023 | 990 | $34,307,696 | $27,991,449 | $6,316,247 | $56,020,622 | $5,878,347 | $50,142,275 |
Financial details: 990 for the year ended November 30, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $34,375,839
- Investment income
- $1,439,731
- Net gain from sales of assets
- $196,619
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,080,599
- Compensation of officers, directors and key employees
- $1,932,044
- Other salaries and wages
- $15,720,366
- Salaries, compensation and benefits (total)
- $22,497,172
- Professional fundraising fees
- $0
- Legal fees
- $209,163
- Accounting fees
- $115,265
- Occupancy
- $750,219
- Travel
- $334,165
- Depreciation
- $880,649
Balance sheet and other
- Total assets, start of year
- $56,020,622
- Total assets, end of year
- $61,889,711
- Total liabilities, end of year
- $5,841,306
- Net assets, end of year
- $56,048,405
- Land, buildings and equipment
- $2,064,141
- Publicly traded securities
- $42,039,696
- Net assets without donor restrictions
- $56,048,405
- Gross receipts
- $39,768,849
- Employees
- 173
- Volunteers
- 15
- Year formed
- 1937
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended November 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BENJAMIN MCKAY | CEO & EXECUTIVE DIRECTOR Officer | 37.5 | $1,131,598 | $70,419 |
| MICHAEL CATUREGLI | CHIEF TECHNOLOGY & ANALYSIS OFFICER Key employee | 37.5 | $318,611 | $56,549 |
| BARBARA TRUMBLY | SENIOR VP, OPERATIONS & EVENTS Highest-paid employee | 37.5 | $319,288 | $47,323 |
| DAVID KODAMA | CHIEF INDUSTRY & REGULATORY OFFICER Key employee | 37.5 | $298,007 | $56,859 |
| JAMES GREENE | VP, DIGITAL COMMUNICATION Highest-paid employee | 37.5 | $297,144 | $31,128 |
| SATYA VANI GANTI | VP, TECHNOLOGY Highest-paid employee | 37.5 | $226,183 | $53,060 |
| YUSUF MAYET | VP, COMPLIANCE Highest-paid employee | 37.5 | $247,397 | $27,883 |
| GLENN LEUNG | VP, FINANCE ANALYST Highest-paid employee | 37.5 | $217,354 | $20,619 |
| RICH GOBLER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN WASHINGTON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SARAH NICHOLS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JANET BEAVER | PAST CHAIR, CHAIR (THRU FEB 28, 2024) Trustee or director, Officer | 1 | $0 | $0 |
| CHARLES ROSSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TERRI MORAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES FALEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON LARSON | BOARD MEMBER Trustee or director | 1 | $0 |
| PAM QUILICI | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT GILBERT | BOARD MEMBER Trustee or director | 1 | $0 |
| KHRISTOPHER BAUER | BOARD MEMBER Trustee or director | 1 | $0 |
| TERRENCE VILLAR | BOARD MEMBER (THRU MARCH 19, 2024) Trustee or director | 1 | $0 |
| TIMOTHY CHAIX | BOARD MEMBER (THRU AUGUST 6, 2024) Trustee or director | 1 | $0 |
| HANK HALDEMAN | MEMBER (THRU FEBRUARY 28, 2024) Trustee or director | 1 | $0 |
| KATHY SCHROEDER | MEMBER (THRU FEBRUARY 28, 2024) Trustee or director | 1 | $0 |
990 for the year ended November 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BENJAMIN MCKAY | EXECUTIVE DIRECTOR Officer | 37.5 | $904,946 | $62,775 |
| MICHAEL CATUREGLI | CHIEF TECHNOLOGY & ANALYSIS OFFICER Key employee | 37.5 | $318,080 | $51,201 |
| JOY ERVEN | COO & DIRECTOR Officer | 37.5 | $329,814 | $30,324 |
| BARBARA TRUMBLY | SENIOR VP, OPERATIONS & EVENTS Highest-paid employee | 37.5 | $308,820 | $36,686 |
| JAMES GREENE | VP, DIGITAL COMMUNICATIONS Highest-paid employee | 37.5 | $293,901 | $28,561 |
| DAVID KODAMA | CHIEF INDUSTRY & REGULATORY OFFICER Key employee | 37.5 | $271,086 | $50,571 |
| IVAN MORSE | CONTROLLER Highest-paid employee | 37.5 | $263,738 | $38,119 |
| JO ANN DEL GATTO | VP, LEGAL COMPLIANCE Highest-paid employee | 37.5 | $248,743 | $48,545 |
| SATYA VANI GANTI | VP, TECHNOLOGY Highest-paid employee | 37.5 | $229,783 | $46,974 |
| JANET BEAVER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RICH GOBLER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN WASHINGTON | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TERRI MORAN | PAST CHAIR Trustee or director | 1 | $0 | $0 |
| CHARLES ROSSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HANK HALDEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES FALEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KATHY SCHROEDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAM QUILICI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT GILBERT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARAH NICHOLS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TERRENCE VILLAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIMOTHY CHAIX | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 12667 ALCOSTA BLVD STE 450, SAN RAMON, CA 94583-4427
- Principal officer (990 for 2023)
- BENJAMIN MCKAY, 12667 ALCOSTA BLVD 450, SAN RAMON, CA 94583
- Signed the 990
- BENJAMIN MCKAY, EXECUTIVE DIRECTOR
- Phone
- (415) 434-4900
- Website
- WWW.SLACAL.COM
- Return prepared by
- HOOD & STRONG LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-0912095 or by the name SURPLUS LINE ASSOCIATION OF CALIFORNIA.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
OUR MISSION IS TO ENSURE THAT A RESPONSIVE AND LAWFUL SURPLUS LINE INSURANCE MARKET IS MAINTAINED IN CALIFORNIA. OUR MEASURES OF SUCCESS IN THIS RESPECT ARE THAT THE CONSUMER IS PROTECTED, THE NEEDS OF THE REGULATORS ARE WELL-SERVED, AND UNLAWFUL ACTIVITIES ARE CURTAILED. THROUGH A PROFESSIONAL AND COMMITTED ORGANIZATION, UTILIZING STATE OF THE ART TECHNOLOGY AND A CHALLENGING WORK ENVIRONMENT, WE RESPOND TO THE NEEDS OF THE CALIFORNIA CONSUMER, OUR MEMBERSHIP, AND APPROPRIATE PUBLIC AGENCIES. WE PROVIDE EDUCATION, PROCESSING, EVALUATION, AND DISSEMINATION OF SURPLUS LINE DATA AND INFORMATION TO HELP ENSURE THE FINANCIAL INTEGRITY AND STABILITY OF THE SURPLUS LINE MARKET.
Program accomplishments
- THE SLA PROVIDES INFORMATION AND INSTRUCTION TO ITS MEMBERS AND OTHER INTERESTED PERSONS CONCERNED BY BROADENING ITS COMMUNICATION CAPABILITIES, PRESENTING SEMINARS, EDUCATING THE INDUSTRY AND CONSUMERS IN SURPLUS LINE LAWS AND REGULATIONS, ASSISTING WITH THE REGULATORY COMPLIANCE QUESTIONS, AND DISSEMINATING, IN A TIMELY MATTER, UPDATED AND CURRENT INFORMATION RELATIVE TO THE SURPLUS LINE INDUSTRY.
- THE SLA PROTECTS CALIFORNIAN CONSUMERS AND PRODUCES ANALYSIS ON THE 138 COMPANIES ON CALIFORNIA'S LIST OF APPROVED SURPLUS LINE INSURERS. THE SLA AUTHORED OVER 100 REPORTS DURING THE YEAR ON THESE INSURERS.
- THE SLA CONSISTS OF 7,226 MEMBERS (RESIDENT & NON-RESIDENT). THE SLA OFFERS A NUMBER OF EDUCATIONAL SERVICES TO MEET THE NEEDS OF OUR BROKERS. DURING THIS PERIOD, WE OFFERED 12 LIVE CE COURSES AND ISSUED 1,177 LIVE CE CERTIFICATES AND 25 ON-DEMAND CE COURSES AND 789 ON-DEMAND CE CERTIFICATES. TOPICS FOCUSED ON CURRENT AND EMERGING TRENDS AND WERE FACILITATED BY INSURANCE EXPERTS AND PROFESSIONAL TRAINERS. OUR LIVE COURSES INCLUDED A LIVE Q&A AND WERE FILMED AND CONVERTED INTO ON-DEMAND COURSES FOR BROKERS UNABLE TO JOIN THE LIVE SESSION. IN ADDITION TO OUR CE COURSES, WE CONTINUED TO PRODUCE A LIVE WEBINAR SERIES CALLED COMPLIANCE CONNECTIONS WHICH ADDRESSES VARIOUS COMPLIANCE TOPICS THAT SHARE VALUABLE INFORMATION ON CALIFORNIA LAWS AND REGULATIONS. WE HAD 695 MEMBER ATTENDEES JOIN SESSIONS ON TOPICS THAT INCLUDED INFORMATION ON THE EXPORT LIST AND AN OVERVIEW OF THE NEW DILIGENT SEARCH REPORT. ALL WEBINARS PROVIDED A LIVE Q&A AND ARE POSTED IN THE LEARNING CENTER FOR ON-DEMAND REFERENCE. WE ALSO OFFERED CUSTOMIZED TRAINING TO MEET INDIVIDUAL MEMBER NEEDS THAT COVER SURPLUS LINE INSURANCE REGULATION, THE SURPLUS LINE FILING PROCESS, USE OF THE SLIP PORTAL, AND HOW TO EFFECTIVELY MANAGE AND RESOLVE DEFICIENCIES (TAGS) AS WELL AS AN INTRODUCTION TO CALIFORNIA SURPLUS LINE REGULATION. BUSINESS ENTITIES ARE REQUIRED TO PROVIDE THIS TWO-HOUR TRAINING TO ALL EMPLOYEES WHO SOLICIT, NEGOTIATE, OR EFFECT SURPLUS LINE INSURANCE. THE SLA IS RESPONSIBLE FOR THE DEVELOPMENT AND DELIVERY OF THIS CONTENT AND IN THIS PERIOD, WE ISSUED 957 CERTIFICATES TO BUSINESS ENTITY EMPLOYEES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 94-0912095
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $61,889,711
- Income (IRS master file)
- $39,768,849
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | November 2024 | $35,815,570 | $30,898,115 | $61,889,711 | XML |
| 990 | November 2023 | $34,307,696 | $27,991,449 | $56,020,622 | XML |
| 990 | November 2022 | $41,619,024 | $24,216,734 | $46,303,421 | IRS |
| 990 | November 2021 | – | – | – | IRS |
| 990 | November 2020 | – | – | – | IRS |
| 990 | November 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-0912095).
Questions about SURPLUS LINE ASSOCIATION OF CALIFORNIA
- What is the EIN of SURPLUS LINE ASSOCIATION OF CALIFORNIA?
- The employer identification number (EIN) of SURPLUS LINE ASSOCIATION OF CALIFORNIA is 94-0912095.
- Is SURPLUS LINE ASSOCIATION OF CALIFORNIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1941.
- Are donations to SURPLUS LINE ASSOCIATION OF CALIFORNIA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SURPLUS LINE ASSOCIATION OF CALIFORNIA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SURPLUS LINE ASSOCIATION OF CALIFORNIA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SURPLUS LINE ASSOCIATION OF CALIFORNIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended November 2024.
- Who is the principal officer of SURPLUS LINE ASSOCIATION OF CALIFORNIA?
- The 990 for the year ended November 30, 2024 names BENJAMIN MCKAY.
- Who are the officers and directors of SURPLUS LINE ASSOCIATION OF CALIFORNIA?
- The 990 for the year ended November 30, 2024 lists 23 people; 8 received compensation from the organization, the highest $1,131,598 (BENJAMIN MCKAY, CEO & EXECUTIVE DIRECTOR).
- How much revenue does SURPLUS LINE ASSOCIATION OF CALIFORNIA have?
- On its 990 for the year ended November 30, 2024 it reported revenue of $35,815,570, expenses of $30,898,115 and total assets of $61,889,711 at year end.
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