New Jersey Property Liability

Not tax-deductible

Basking Ridge, NJ501(c)(6)Since 1974EIN 22-2559832

This page gets seen. Tell your story. Claim this org.

Njpliga was created by njsa 17:30a-1 et seq. The statute establishes a mechanism for the payment of "covered claims" of insolvent insurance companies.

$2.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $10.2M a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$2.3M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.1M
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$88.6M
-30% vs prior year
Spent
$90.7M
Net assets
$298.6M
By yearFY2020–FY2024
Revenue
$88.6M
FY2024▼ -30%
Revenue by fiscal year
FY2020$115.1M
FY2021$113.4M
FY2022$101.9M
FY2023$126.3M
FY2024$88.6M
Expenses
$90.7M
FY2024▼ -7%
Expenses by fiscal year
FY2020$108.4M
FY2021$99.7M
FY2022$98.4M
FY2023$97.0M
FY2024$90.7M
Net assets
$298.6M
FY2024▼ -0.7%
Net assets by fiscal year
FY2020$254.2M
FY2021$267.9M
FY2022$271.4M
FY2023$300.7M
FY2024$298.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

23 people listed on the 990; $2.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$296,345Pt VII · Sec A
Special Counsel
$232,967Pt VII · Sec A
Dir. of Compliance & IT
$192,290Pt VII · Sec A
Director of Claims
$182,392Pt VII · Sec A
Director of Operations
$181,319Pt VII · Sec A
Director of Siu
$159,266Pt VII · Sec A
Software Develop. Manager
$159,240Pt VII · Sec A
Asst General Counsel
$158,333Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joseph Dellafera$296,345$295,408$293,170$292,892$278,764
Lori Connors$232,967$232,414$230,797$221,966$215,867
Ronald Chess$192,290$186,459$175,130$170,050$165,175
Michael Romeo$182,392$176,850$166,110$161,290—
Trisha Young$181,319$175,773$161,084$149,877$145,564
William Kahle$118,700$147,915$166,795$161,959$157,338
Nicholas Hamm$159,266—$144,297$138,786$134,124
Thomas Antola$159,240$155,066$146,036$142,079—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See New Jersey Property Liability executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Pays covered claims for insolvent insurance companies.

Provided by the organization

This section is blank until New Jersey Property Liability claims this page.

Know this organization? Claim it to add your story

1 program service, described in the organization's own filed words · FY2024.
01

Njpliga Was Created by Njsa 17

30a-1 et seq. The statute establishes a mechanism for the payment of "covered claims" of insolvent insurance companies. Njpliga is funded through member company assessments. The statute requires all insurance companies licensed in the state of new jersey which write any kind of insurance to which the new jersey property-liability…

Pt IX · col B

Run this program? Claim this org to tell your story

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$88.6M
Ln 12
Fees for servicesLn 2g$77.3M
Investment incomeLn 3$11.3M
Money outPt IX
$90.7M
Ln 25
Owns and owesPt X
$298.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$300.8M
LiabilitiesLn 26$2.1M
PeoplePt VI, VII
23
listed · VII A
PaidVII A14
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$77.3M
Investment incomeLn 3$11.3M
Gains on assetsLn 7$134K
Total revenueLn 12$88.6M
Assets in detailPt X, end of year
SavingsLn 2$3.6M
Cash and savings togetherLn 1–2$3.6M
InvestmentsLn 11–13$294.3M
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$1.5M
Total assetsLn 16$300.8M
LiabilitiesLn 26$2.1M
Net assetsLn 32$298.6M
OperationsPt I, VI
EmployeesI 5121
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$5.5M$3.6M
InvestmentsLn 11–13$295.0M$294.3M
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$303.2M$300.8M
LiabilitiesLn 26$2.6M$2.1M
Net assetsLn 32$300.7M$298.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$203K
Other salaries and wagesLn 7$1.7M
Pension plan contributionsLn 8$144K
Other employee benefitsLn 9$277K
Payroll taxesLn 10$147K
Legal feesLn 11b$97K
Accounting feesLn 11c$65K
Investment management feesLn 11f$129K
Other fees for servicesLn 11g$121K
Office expensesLn 13$282K
OccupancyLn 16$124K
TravelLn 17$8K
Depreciation, depletion and amortizationLn 22$145K
InsuranceLn 23$37K
Other expenses (24a–d)Ln 24$87.2M
Total functional expensesLn 25$90.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $88.6M$90.7M−$2.0M$298.6M 990 PDF
FY2023 $126.3M$97.0M$29.3M$300.7M 990 PDF
FY2022 $101.9M$98.4M$3.5M$271.4M 990 PDF
FY2021 $113.4M$99.7M$13.7M$267.9M 990 PDF
FY2020 $115.1M$108.4M$6.7M$254.2M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $88,632,121 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $77,311,525$77,311,525
VIII-3 Investment incomeExcluded from tax $11,186,781$11,186,781
VIII-7 Net gain or loss on sales of assetsExcluded from tax $133,815$133,815
VIII-12 Total revenueRelated to mission $77,311,525 · Unrelated business $0 · Excluded from tax $11,320,596$88,632,121
Part IX · Statement of functional expenses $90,669,696 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$203,108
IX-7 Other salaries and wages$1,683,963
IX-8 Pension plan contributions$143,896
IX-9 Other employee benefits$276,876
IX-10 Payroll taxes$146,587
IX-11b Legal fees$97,412
IX-11c Accounting fees$65,154
IX-11f Investment management fees$128,528
IX-11g Other fees for services$121,368
IX-13 Office expenses$282,034
IX-16 Occupancy$123,715
IX-17 Travel$7,723
IX-22 Depreciation, depletion and amortization$145,203
IX-23 Insurance$36,908
IX-24 Other expenses (24a–d)$87,207,221
IX-25 Total functional expenses$90,669,696
Part X · Balance sheet $300,761,800 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $5,543,810$3,625,141
X-3 Pledges and grants receivableStart of year $0$10,670
X-10c Land, buildings and equipment, netStart of year $1,268,800$1,318,788
X-11 Publicly traded securitiesStart of year $294,986,622$294,276,118
X-15 Other assetsStart of year $1,416,956$1,531,083
X-16 Total assetsStart of year $303,216,188$300,761,800
X-25 Other liabilitiesStart of year $2,555,639$2,138,826
X-26 Total liabilitiesStart of year $2,555,639$2,138,826
X-32 Total net assets or fund balancesStart of year $300,660,549$298,622,974
X-33 Total liabilities and net assetsStart of year $303,216,188$300,761,800
Part XI · Reconciliation of net assets $298,622,974 net assets at year end
XI-1 Total revenue$88,632,121
XI-2 Total expenses$90,669,696
XI-3 Revenue less expenses−$2,037,575
XI-4 Net assets at start of year$300,660,549
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$298,622,974

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.