The Wsia Education Foundation is dedicated to encouraging the educational development of all those interested in the excess and surplus lines business, to creating an understanding, and overcoming the misperceptions of the excess and surplus lines market. (see sch o)the foundation's work includes the financial support of the Education programs for Wsia members; maintaining and improving the associate in surplus lines insurance (asli) designation program, which furthers the educational opportunities for members industry professionals; supporting of the am best company's annual review of the surplus lines segment, which is a valuable tool for the industry; administering student-focused educational programs, symposiums and scholarship to encourage, support and reward exceptional students interested in an insurance career; and significant university outreach to attract bright new talent to the industry.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $438K a year · 31% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Plus $16.9M in investments, Pt X · Ln 11–13
Fine: 0.6 months of spending in cash, plus $16.9M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $453K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$58K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 20 voting members
Looks good: 19 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
-13% vs prior year
Spent
$1.0M
To programs
83%
Net assets
$17.0M
By yearFY2020–FY2025
Revenue
$1.9M
FY2025▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$730K
FY2021$1.0M
FY2022$1.2M
FY2023$1.4M
FY2024$2.2M
FY2025$1.9M
Expenses
$1.0M
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$455K
FY2021$1.6M
FY2022$764K
FY2023$931K
FY2024$943K
FY2025$1.0M
Net assets
$17.0M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.7M
FY2021$14.0M
FY2022$12.4M
FY2023$13.9M
FY2024$15.3M
FY2025$17.0M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1992.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $865K Management & general 17% · $177K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation
CEO & President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Wsia Education Foundation executive salaries →

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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 15aNo

Programs and updates

Educates and attracts talent to the surplus lines insurance industry through programs and scholarships.

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Provided by the organization

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3 programs · $809K · in their own filed words · FY2025
01

Education and Technical Training Programs

The organization supports the associate in surplus lines (asli) designation program that was developed in conjunction with the institutes and provides a professional designation for insurance professionals in the wholesale, specialty, and surplus lines industry.

$411Kprogram expense
02

Symposiums

The organization sponsors three (3) college extreme risk takers symposiums each year at various geographical locations. The organization is also a sustaining partner for the gamma iota sigma, an international risk management insurance and actuarial science collegiate fraternity, that serves over 4,000 student members and faculty from 76…

$205Kprogram expense
03

Scholarships

The organization provides scholarships for college and university students to encourage, support and reward exceptional students who are studying risk management and insurance and express an interest in the surplus lines industry.

$193Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 14 grants · $2.4M · 2020–2025
Unitemized GrantFY2025$321,742
Am Best Company INCFY2025$19,900
Unitemized GrantFY2024$288,799
Am Best Company INCFY2024$19,410
Unitemized GrantFY2023$198,685
Gamma Iota SigmaOH · FY2023$90,000
Am Best Company INCFY2023$12,015
Unitemized GrantFY2022$104,375
Unitemized GrantFY2021$115,000
Unitemized GrantFY2020$121,050

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Investment incomeLn 3$1.1M
Gifts and grantsLn 1h$695K
Fees for servicesLn 2g$128K
Money outPt IX
$1.0M
Ln 25
Programscol B$865K
Managementcol C$177K
Owns and owesPt X
$17.0M
net assets · Ln 32
Cash and savingsLn 1–2$52K
Total assetsLn 16$17.1M
LiabilitiesLn 26$58K
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$695K
Fundraising eventsLn 1c$72K
Fees for servicesLn 2g$128K
Investment incomeLn 3$1.1M
Gains on assetsLn 7$284K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$52K
Cash and savings togetherLn 1–2$52K
InvestmentsLn 11–13$16.9M
Other assetsLn 15$3K
Total assetsLn 16$17.1M
LiabilitiesLn 26$58K
Net assetsLn 32$17.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$294K$52K
InvestmentsLn 11–13$15.6M$16.9M
Total assetsLn 16$16.0M$17.1M
LiabilitiesLn 26$709K$58K
Net assetsLn 32$15.3M$17.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$135K$135K
Grants to domestic individualsLn 2$322K$322K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$22K$22K
Investment management feesLn 11f$56K$56K
Other fees for servicesLn 11g$56K$56K
Office expensesLn 13$4K$4K
TravelLn 17$34K$34K
Conferences, conventions and meetingsLn 19$348K$318K$30K
InsuranceLn 23$58K$58K
Total functional expensesLn 25$1.0M$865K$177K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.9M$1.0M$853K$17.0M 990 PDF
FY2024 $2.2M$943K$1.2M$15.3M 990 PDF
FY2023 $1.4M$931K$464K$13.9M 990 PDF
FY2022 $1.2M$764K$416K$12.4M 990 PDF
FY2021 $1.0M$1.6M−$605K$14.0M 990 PDF
FY2020 $730K$455K$275K$13.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,894,901 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $605,650$695,412
I-9 Program service revenuePrior year $232,375$128,300
I-10 Investment incomePrior year $1,364,184$1,097,425
I-11 Other revenuePrior year −$33,864−$26,236
I-12 Total revenuePrior year $2,168,345$1,894,901
I-13 Grants and similar amounts paidPrior year $316,759$456,642
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $626,606$584,815
I-18 Total expensesPrior year $943,365$1,041,457
I-19 Revenue less expensesPrior year $1,224,980$853,444
Part VI · Governance 19 of 20 board members independent, 2 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members19
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,894,901 across 8 lines filed
VIII-1c Fundraising events$72,000
VIII-1f All other contributions, gifts and grants$623,412
VIII-1h Total contributions, gifts and grants$695,412
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $128,300$128,300
VIII-3 Investment incomeExcluded from tax $813,521$813,521
VIII-7 Net gain or loss on sales of assetsExcluded from tax $283,904$283,904
VIII-8 Net income from fundraising eventsExcluded from tax −$26,236−$26,236
VIII-12 Total revenueRelated to mission $128,300 · Unrelated business $0 · Excluded from tax $1,071,189$1,894,901
Part IX · Statement of functional expenses $1,041,457 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $134,900$134,900
IX-2 Grants to domestic individualsPrograms $321,742$321,742
IX-11b Legal feesManagement $6,679$6,679
IX-11c Accounting feesManagement $22,144$22,144
IX-11f Investment management feesManagement $56,274$56,274
IX-11g Other fees for servicesPrograms $55,814$55,814
IX-13 Office expensesManagement $3,552$3,552
IX-17 TravelPrograms $33,885$33,885
IX-19 Conferences, conventions and meetingsPrograms $318,256 · Management $29,815$348,071
IX-23 InsuranceManagement $58,396$58,396
IX-25 Total functional expensesPrograms $864,597 · Management $176,860 · Fundraising $0$1,041,457
Part X · Balance sheet $17,073,419 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $294,417$51,569
X-9 Prepaid expenses and deferred chargesStart of year $76,788$122,421
X-11 Publicly traded securitiesStart of year $13,877,347$14,730,079
X-12 Other securitiesStart of year $1,767,843$2,166,277
X-15 Other assetsStart of year $736$3,073
X-16 Total assetsStart of year $16,017,131$17,073,419
X-17 Accounts payable and accrued expensesStart of year $22,581$14,936
X-18 Grants payableStart of year $460,000$30,000
X-19 Deferred revenueStart of year $900$325
X-25 Other liabilitiesStart of year $225,810$12,933
X-26 Total liabilitiesStart of year $709,291$58,194
X-27 Net assets without donor restrictionsStart of year $13,129,143$14,764,621
X-28 Net assets with donor restrictionsStart of year $2,178,697$2,250,604
X-32 Total net assets or fund balancesStart of year $15,307,840$17,015,225
X-33 Total liabilities and net assetsStart of year $16,017,131$17,073,419
Part XI · Reconciliation of net assets $17,015,225 net assets at year end
XI-1 Total revenue$1,894,901
XI-2 Total expenses$1,041,457
XI-3 Revenue less expenses$853,444
XI-4 Net assets at start of year$15,307,840
XI-5 Net unrealized gains (losses) on investments$853,941
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,015,225

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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