Nevada Surplus Lines Association INC FY2020 filing

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To assist the Nevada division of insurance in the regulation of Surplus Lines insurance and to encourage compliance by Surplus Lines agents and insurers with the Surplus Lines law and the rules of the Nevada division of insurance

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-0358656) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$192K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $36K a year · 1% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$192K
to officers and key staff · 7% of spending
Pay to officers and key staff is 7% of spending.
Part VII, Section A
1.1 mo
of spending, in cash
Plus $2.5M in investments, Pt X · Ln 11–13
1.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$17K
0.5% of total assets
Liabilities are 0.5% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.8M
Spent
$2.8M
To programs
0%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$1.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$2.4M
FY2022$3.2M
FY2023$4.0M
FY2024$4.4M
Expenses
$2.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8M
FY2021$2.7M
FY2022$2.6M
FY2023$3.8M
FY2024$4.1M
Net assets
$3.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$3.0M
FY2022$3.4M
FY2023$3.7M
FY2024$4.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1997.

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

Who runs it and what they're paid

10 people listed on the 990; $192K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Di
$125,250Pt VII · Sec A
Executive Di
$66,879Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Maria Muzea$130,700$117,000$106,000$98,125$66,879
Lynn Twaddle————$125,250

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 Nevada Surplus Lines Association INC executive salaries →

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

Helps regulate surplus lines insurance and encourages compliance with state laws.

Questions for Nevada Surplus Lines Association INC

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1 program · in their own filed words · FY2020
01

Program services are provided by accepting required filings related to the placement of surplus lines insurance by member brokers and providing related educational services to member brokers.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-0358656) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $7K · 2020–2020

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$64K
Money outPt IX
$2.8M
Ln 25
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$253K
Total assetsLn 16$3.3M
LiabilitiesLn 26$17K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$64K
Gains on assetsLn 7−$94K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$253K
Cash and savings togetherLn 1–2$253K
Accounts receivableLn 4$474K
Prepaid expenses and deferred chargesLn 9$15K
InvestmentsLn 11–13$2.5M
Other assetsLn 15$3K
Total assetsLn 16$3.3M
LiabilitiesLn 26$17K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 52
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 FY20End FY20
Cash and savingsLn 1–2$171K$253K
InvestmentsLn 11–13$3.6M$2.5M
Total assetsLn 16$4.2M$3.3M
LiabilitiesLn 26$44K$17K
Net assetsLn 32$4.2M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7K
Pay of officers and key staff (Part IX, line 5)Ln 5$221K
Other salaries and wagesLn 7$10K
Pension plan contributionsLn 8$472
Other employee benefitsLn 9$15K
Payroll taxesLn 10$17K
Legal feesLn 11b$28K
Accounting feesLn 11c$40K
Office expensesLn 13$9K
Information technologyLn 14$65K
OccupancyLn 16$39K
Conferences, conventions and meetingsLn 19$4K
Depreciation, depletion and amortizationLn 22$186
InsuranceLn 23$23K
Other expenses (24a–d)Ln 24$2.3M
All other expensesLn 24e$2K
Total functional expensesLn 25$2.8M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $4.4M$4.1M$345K$4.0M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $4.0M$3.8M$168K$3.7M 990 PDF
FY2022Filed with the IRS Nov 13, 2023 $3.2M$2.6M$599K$3.4M 990 PDF
FY2021Filed with the IRS Oct 26, 2022 $2.4M$2.7M−$301K$3.0M 990 PDF
FY2020 ViewingFiled with the IRS Oct 27, 2021 $1.8M$2.8M−$992K$3.3M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $1,778,531 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,613,924$1,808,943
I-10 Investment incomePrior year $156,523−$30,412
I-11 Other revenue$0
I-12 Total revenuePrior year $1,770,447$1,778,531
I-13 Grants and similar amounts paidPrior year $112,500$6,625
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $250,089$263,705
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,330,139$2,499,936
I-18 Total expensesPrior year $4,692,728$2,770,266
I-19 Revenue less expensesPrior year −$2,922,281−$991,735
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,778,531 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,808,943$1,808,943
VIII-3 Investment incomeExcluded from tax $64,036$64,036
VIII-7 Net gain or loss on sales of assetsRelated to mission −$94,448−$94,448
VIII-12 Total revenueRelated to mission $1,714,495 · Excluded from tax $64,036$1,778,531
Part IX · Statement of functional expenses $2,770,266 across 16 lines filed
IX-1 Grants to domestic organizations$6,625
IX-5 Pay of officers and key staff (Part IX, line 5)$220,949
IX-7 Other salaries and wages$9,896
IX-8 Pension plan contributions$472
IX-9 Other employee benefits$15,474
IX-10 Payroll taxes$16,914
IX-11b Legal fees$28,465
IX-11c Accounting fees$39,661
IX-13 Office expenses$9,262
IX-14 Information technology$65,267
IX-16 Occupancy$38,783
IX-19 Conferences, conventions and meetings$3,622
IX-22 Depreciation, depletion and amortization$186
IX-23 Insurance$23,308
IX-24 Other expenses (24a–d)$2,289,311
IX-24e All other expenses$2,071
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$2,770,266
Part X · Balance sheet $3,288,575 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $170,597$253,011
X-4 Accounts receivableStart of year $407,565$473,941
X-9 Prepaid expenses and deferred chargesStart of year $15,883$14,848
X-12 Other securitiesStart of year $3,649,267$2,544,084
X-15 Other assetsStart of year $2,691$2,691
X-16 Total assetsStart of year $4,246,187$3,288,575
X-17 Accounts payable and accrued expensesStart of year $43,640$17,467
X-26 Total liabilitiesStart of year $43,640$17,467
X-27 Net assets without donor restrictionsStart of year $4,202,547$3,271,108
X-32 Total net assets or fund balancesStart of year $4,202,547$3,271,108
X-33 Total liabilities and net assetsStart of year $4,246,187$3,288,575
Part XI · Reconciliation of net assets $3,271,108 net assets at year end
XI-1 Total revenue$1,778,531
XI-2 Total expenses$2,770,266
XI-3 Revenue less expenses−$991,735
XI-4 Net assets at start of year$4,202,547
XI-5 Net unrealized gains (losses) on investments$60,296
XI-10 Net assets at end of year$3,271,108

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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