2024-10-12T17:01:09-05:00 2023-11-30 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2022-12-01 940912095 THE SURPLUS LINE ASSOCIATION OF CALIFORNIA SURP 4154344900 12667 ALCOSTA BLVD 450 SAN RAMON CA 94583 BENJAMIN MCKAY EXECUTIVE DIRECTOR 4154344900 2024-10-11 1 0 JACOB YAU P01560332 4089988400 2022 2024-10-15 13:58:12Z BENJAMIN MCKAY 12667 ALCOSTA BLVD 450 SAN RAMON CA 94583 51505800 0 X WWW.SLACAL.COM X 1937 CA TO HELP MAINTAIN A HEALTHY, FAIR, AND COMPETITIVE SURPLUS LINE MARKETPLACE IN CALIFORNIA. 13 13 154 13 0 0 0 0 41164364 34127361 454660 180335 0 0 41619024 34307696 295232 179001 0 0 16929100 19707388 0 0 0 6992402 8105060 24216734 27991449 17402290 6316247 46303421 56020622 3445286 5878347 42858135 50142275 X 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. 0 0 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 CONSISTS OF 7,697 MEMBERS (RESIDENT & NON-RESIDENT), ISSUED 2,222 CONTINUING EDUCATION CERTIFICATES VIA 7 LIVE AND 18 ON-DEMAND COURSES. THE SLA CONDUCTED 3 BROKER VISITS IN FY23. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 31 0 1 154 1 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 1 1 1 1 0 CA X ELENA WEALTY 4154344900 12667 ALCOSTA BLVD 450 SAN RAMON CA 94583 JANET BEAVER CHAIR 1.00 X X 0 0 0 RICH GOBLER VICE CHAIR 1.00 X X 0 0 0 JOHN WASHINGTON SECRETARY/TREASURER 1.00 X X 0 0 0 TERRI MORAN PAST CHAIR 1.00 X 0 0 0 CHARLES ROSSON BOARD MEMBER 1.00 X 0 0 0 HANK HALDEMAN BOARD MEMBER 1.00 X 0 0 0 JAMES FALEY BOARD MEMBER 1.00 X 0 0 0 KATHY SCHROEDER BOARD MEMBER 1.00 X 0 0 0 PAM QUILICI BOARD MEMBER 1.00 X 0 0 0 ROBERT GILBERT BOARD MEMBER 1.00 X 0 0 0 SARAH NICHOLS BOARD MEMBER 1.00 X 0 0 0 TERRENCE VILLAR BOARD MEMBER 1.00 X 0 0 0 TIMOTHY CHAIX BOARD MEMBER 1.00 X 0 0 0 BENJAMIN MCKAY EXECUTIVE DIRECTOR 37.50 X 904946 0 62775 JOY ERVEN COO & DIRECTOR 37.50 X 329814 0 30324 MICHAEL CATUREGLI CHIEF TECHNOLOGY & ANALYSIS OFFICER 37.50 X 318080 0 51201 DAVID KODAMA CHIEF INDUSTRY & REGULATORY OFFICER 37.50 X 271086 0 50571 BARBARA TRUMBLY SENIOR VP, OPERATIONS & EVENTS 37.50 X 308820 0 36686 JAMES GREENE VP, DIGITAL COMMUNICATIONS 37.50 X 293901 0 28561 IVAN MORSE CONTROLLER 37.50 X 263738 0 38119 JO ANN DEL GATTO VP, LEGAL COMPLIANCE 37.50 X 248743 0 48545 SATYA VANI GANTI VP, TECHNOLOGY 37.50 X 229783 0 46974 3168911 0 393756 35 0 1 0 KIKODA LLC 2367 CENTERVILLE RD TALLAHASSEE FL 32308 IT SUPPORT 1260776 SDC7 LLC 2600 CAMINO RAMON SUITE 201 SAN RAMON CA 94583 RENTAL, CONSTRUCTION SERVICE 1066870 RP 275 BATTERY OWNER LLC 3953 MAPLE AVE SUITE 300 DALLAS TX 75219 RENTAL 322755 VANTAGE POINT CONSULTING 25 HIGHLAND PARK VLG 100-467 DALLAS TX 75205 IT SUPPORT 182081 4 STAMPING FEES 900099 34127361 34127361 34127361 748912 748912 16629527 17198104 -568577 -568577 -568577 34307696 34127361 0 180335 179001 2018798 13497366 697795 2420353 1073076 120055 86438 45113 1318477 544455 734596 677779 1118191 587651 1314012 197428 EMPLOYEE RELATIONS 366576 SUPPLIES 240609 PROF. DEVELOPMENT 237319 DUES & SUBSCRIPTIONS 234775 281586 27991449 5730179 2861493 15147 19464386 3944403 2951567 582463 542321 5000092 2906470 2556104 2093622 31385032 24744921 1878571 1147886 211522 2214426 46303421 56020622 575452 495361 2869834 5382986 3445286 5878347 X 42858135 50142275 42858135 50142275 46303421 56020622 6316247 967893 0 X 0 1 X 1 0 3148544 1606408 1542136 1783791 1300062 483729 67757 67757 2093622 OTHER ACCRUED LIABILITIES 2098398 ACCRUED POST RETIREMENT BENEFIT LIABILITY 856997 DEFERRED RENT 999 OPERATING LEASE OBLIGATION 2426592 5382986 X 35227444 967893 -3032 964861 34262583 45113 45113 34307696 27943304 0 27943304 45113 3032 48145 27991449 PART X, LINE 2: THE ASSOCIATION HAS BEEN GRANTED A CERTIFICATE OF EXEMPTION FROM PAYMENT OF FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND STATE TAXES ON INCOME UNDER SECTION 23701E OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE ASSOCIATION ADOPTED GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB), WHICH ESTABLISHED A SINGLE MODEL TO ADDRESS ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND CLARIFIED THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING A MINIMUM THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. AN UNCERTAIN TAX POSITION REPRESENTS A TAX POSITION MANAGEMENT DETERMINES MAY HAVE A LESS THAN 50% CHANCE OF BEING SUSTAINED UPON AN EXAMINATION BY A TAXING AUTHORITY. WHILE THE ASSOCIATION DOES NOT CURRENTLY INCLUDE AN INCOME TAX PROVISION IN THE FINANCIAL STATEMENTS, MANAGEMENT MONITORS THE REPORTING OF UNCERTAIN TAX POSITIONS USED IN PREPARATION OF THE ASSOCIATION'S TAX RETURNS, INCLUDING APPLICABLE INTEREST AND PENALTIES RELATED TO MATERIAL UNCERTAIN TAX POSITIONS, WHICH COULD RESULT IN RECORDING OF AN INCOME TAX PROVISION IN THE FUTURE. MANAGEMENT HAS EVALUATED THE ASSOCIATION'S TAX POSITIONS AND HAS CONCLUDED THAT THE ASSOCIATION HAS MAINTAINED ITS TAX-EXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. CURRENTLY, THE ASSOCIATION'S TAX YEARS THAT ARE OPEN TO EXAMINATION BY THE INTERNAL REVENUE ARE 2020 THROUGH 2023 AND BY THE CALIFORNIA FRANCHISE TAX BOARD ARE 2019 THROUGH 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: WRITE-OFF OF FIXED ASSETS RECLASSED TO EXPENSES -3,032. PART XII, LINE 4B - OTHER ADJUSTMENTS: WRITE-OFF OF FIXED ASSETS RECLASSED TO EXPENSES 3,032. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 BOARD MEETING AND FORMAL MEETINGS WITH SURPLUS LINE BROKERS, INSURERS/CARRIERS, AND BROKER ASSOC. 300000 0 0 0 0 0 0 300000 0 300000 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 CAL STATE FULLERTON PHILANTHROPIC FOUNDATION 2600 NUTWOOD AVENUE SUITE 850 FULLERTON CA 92831 330567945 501(C)(3) 7500 0 GENERAL SUPPORT CA INSURANCE WHOLESALERS ASSOCIATION 4171 SUISUN VALLEY RD STE J FAIRFIELD CA 94534 954369749 501(C)(6) 75000 0 GENERAL SUPPORT INSURANCE INDUSTRY CHARITABLE FOUNDATION 1999 AVENUE OF THE STARS STE 1100 LOS ANGELES CA 90067 201240972 501(C)(3) 33337 0 GENERAL SUPPORT NATIONAL COUNCIL OF INSURANCE LEGISLATORS 616 FIFTH AVENUE BELMAR NJ 07719 237412297 501(C)(4) 6000 0 GENERAL SUPPORT GREENBERG TRAURIG 8400 NW 36TH STREET SUITE 400 DORAL FL 33166 591270754 10000 0 SPRING 2023 SURPLUS LINES LAW GROUP CONFERENCE SPONSORSHIP CALIFORNIA INSURANCE EMERGENCY RESPONSE ASSOCIATION 12667 ALCOSTA BLVD STE 450 SAN RAMON CA 94583 934910260 501(C)(6) 40000 0 GENERAL SUPPORT 2 4 PART I, LINE 2: THE SLA GRANTS MONIES TO PROGRAMS THAT ARE ESTABLISHED FOR SPECIFIC PURPOSES AS RELATED TO THE SURPLUS LINES INDUSTRY. THE SLA HAS CONSTANT AND REGULAR INTERACTION WITH THEIR GRANTEES AT THE STAFF AND BOARD LEVEL. X 1 1 X X X X X 0 0 0 BENJAMIN MCKAY EXECUTIVE DIRECTOR 563940 0 251528 0 89478 0 26881 0 35894 0 967721 0 0 0 MICHAEL CATUREGLI CHIEF TECHNOLOGY & ANALYSIS OFFICER 254190 0 41528 0 22362 0 15307 0 35894 0 369281 0 0 0 JOY ERVEN COO & DIRECTOR 265000 0 1528 0 63286 0 15245 0 15079 0 360138 0 0 0 BARBARA TRUMBLY SENIOR VP, OPERATIONS & EVENTS 196624 0 92276 0 19920 0 12292 0 24394 0 345506 0 0 0 JAMES GREENE VP, DIGITAL COMMUNICATIONS 224167 0 56528 0 13206 0 13482 0 15079 0 322462 0 0 0 DAVID KODAMA CHIEF INDUSTRY & REGULATORY OFFICER 237740 0 31508 0 1838 0 14677 0 35894 0 321657 0 0 0 IVAN MORSE CONTROLLER 201845 0 36529 0 25364 0 14557 0 23562 0 301857 0 0 0 JO ANN DEL GATTO VP, LEGAL COMPLIANCE 224312 0 0 0 24431 0 12651 0 35894 0 297288 0 0 0 SATYA VANI GANTI VP, TECHNOLOGY 173340 0 51508 0 4935 0 11080 0 35894 0 276757 0 0 0 PART I, LINE 1A ALL THE COMPENSATED EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A, LINE 1A RECEIVED A GROSS-UP BONUS PAYMENT. ALL GROSS-UP PAYMENTS WERE TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEES AND REFLECTED ON THEIR FORMS W-2. PART I, LINE 3 THE SVP OF HR CONDUCTS A COMPENSATION REVIEW OF SIMILAR POSITIONS AND INDUSTRY DATA, AS WELL AS CONTRACTING WITH AN INDEPENDENT SALARY CONSULTANT. THE BOARD DISCUSSES THE CEO & EXECUTIVE DIRECTOR'S COMPENSATION IN THEIR ANNUAL PERFORMANCE REVIEW AND DETERMINES THE CEO & EXECUTIVE DIRECTOR'S COMPENSATION. FORM 990, PART VI, SECTION A, LINE 7A ARTICLE IX SECTION 3, SLA CONSTITUTION: VOTING ELIGIBILITY. ONLY THOSE RESIDENT MEMBERS THAT FILED ONE OR MORE SL-1 OR SL-2 FORMS DURING THE 12 MONTHS IMMEDIATELY PRECEDING THE MONTH IN WHICH THE VOTE IS TAKEN ARE ELIGIBLE TO VOTE FOR ELECTION OF OFFICERS OR THE CONDUCT OF ASSOCIATION BUSINESS REQUIRING A VOTE OF THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION'S COMMITTEES DOCUMENT MAJOR MEETINGS/WRITTEN ACTIONS BUT COMMITTEES DO NOT HAVE A GOVERNING ROLE. THEY PROVIDE A ROLE OF SUPPORT OR MAKING RECOMMENDATIONS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S ACCOUNTING FIRM PREPARED THE FORM 990 BASED ON THE INFORMATION PROVIDED BY THE ORGANIZATION'S DIRECTOR OF ACCOUNTING & FINANCE. THE DIRECTOR OF ACCOUNTING & FINANCE REVIEWED THE FORM 990 AND RESOLVED ANY ISSUES WITH THE ACCOUNTING FIRM. THE CEO & EXECUTIVE DIRECTOR REVIEWED AND SENT TO THE CHAIR OF THE BOARD BEFORE AUTHORIZING THE ACCOUNTING FIRM TO OFFICIALLY FILE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A NO CONFLICT OF INTEREST POLICY STATEMENT ANNUALLY. AT EACH BOARD MEETING, BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST TO THE BOARD. THIS IS REINFORCED AT EVERY MEETING BY COUNSEL GIVING AN ANTI-TRUST ADMONITION. FORM 990, PART VI, SECTION B, LINE 15 THE SVP OF HR CONDUCTS A COMPENSATION REVIEW OF SIMILAR POSITIONS AND INDUSTRY DATA, AS WELL AS CONTRACTING WITH AN INDEPENDENT SALARY CONSULTANT. THE BOARD DISCUSSES THE CEO & EXECUTIVE DIRECTOR'S COMPENSATION IN THEIR ANNUAL PERFORMANCE REVIEW AND DETERMINES THE CEO & EXECUTIVE DIRECTOR'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).