2026-07-15T15:40:25-05:00 2025-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2025-01-01 731728689 THE SURETY FOUNDATION INC SURE 2025165170 1146 19TH STREET NW STE 700 WASHINGTON DC 20036 RYAN C WORK SECRETARY/TREASURER 2025165170 2026-07-15 1 J CALVIN MARKS P01226973 9197196400 2025 2025-03-06 01:10:19Z X RYAN C WORK 1146 19TH STREET NW STE 700 WASHINGTON DC 20036 712258 0 X WWW.THESURETYFOUNDATION.ORG X 2005 DC THE SURETY FOUNDATION IS A CHARITABLE ORGANIZATION FOUNDED TO INCREASE DIVERSITY WITHIN THE SURETY AND FIDELITY INDUSTRY. RECOGNIZING THE VALUE OF DIVERSE IDEAS AND BACKGROUNDS THE MEMBER COMPANIES OF THE SURETY & FIDELITY ASSOCIATION OF AMERICA CREATED THIS 501(C)(3)ORGANIZATION TO FUND AND ADMINISTER THE SURETY AND FIDELITY INDUSTRY INTERN AND SCHOLARSHIP PROGRAM FOR UNDERREPRESENTED STUDENTS, AS WELL AS DEVELOP AND IMPLEMENT NEW EDUCATIONAL AND PUBLIC SERVICE PROGRAM INITIATIVES. 9 8 0 8 0 0 102322 62842 0 0 127210 91644 0 0 229532 154486 72500 90000 0 0 0 0 0 0 0 25244 28002 97744 118002 131788 36484 1585331 1731200 0 971 1585331 1730229 SEE SCHEDULE O 0 0 93710 90000 SURETY INDUSTRY SCHOLARSHIPS - TO PROVIDE FINANCIAL ASSISTANCE TO EXCEPTIONAL UNDERREPRESENTED STUDENTS WHO MIGHT CONSIDER A CAREER IN THE SURETY AND FIDELITY INDUSTRY. 93710 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X RYAN C WORK 2025165170 1146 19TH STREET NW STE 700 WASHINGTON DC 20036 RYAN WORK SECRETARY/TREASURER 1.00 50.00 X X 0 610386 82148 LARRY TAYLOR PRESIDENT 0.50 0.50 X X 0 0 0 BRYCE GRISSOM VICE PRESIDENT 0.50 X X 0 0 0 ANTONIO ALBANESE TRUSTEE 0.50 0.50 X 0 0 0 DAWN NEVILL TRUSTEE 0.50 X 0 0 0 OHIOLE OMORUAN TRUSTEE 0.50 X 0 0 0 CHRIS SIVAK TRUSTEE 0.50 X 0 0 0 CINDI STREBLO TRUSTEE 0.50 X 0 0 0 MIKE ZURCHER TRUSTEE 0.50 X 0 0 0 PETER ROTH SFAA FOUNDATION LIAISON 1.00 40.00 X 0 314592 58699 0 924978 140847 0 0 1 0 0 62842 62842 39569 39569 609847 557772 52075 52075 52075 154486 0 0 91644 90000 90000 3710 3710 9750 9750 14069 14069 473 473 118002 93710 24292 0 196317 158472 33342 15185 73 1355672 1557470 1585331 1731200 971 0 971 X 548681 720737 1036650 1009492 1585331 1730229 1585331 1731200 36484 108414 0 X 0 1 X 1 0 X 61235 94000 183050 102322 62842 503449 61235 94000 183050 102322 62842 503449 230557 272892 18572 21055 26152 34331 39569 139679 643128 0.42430 0.45160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 301861 108414 53030 161444 140417 14069 14069 154486 156963 53030 53030 103933 14069 14069 118002 PART X, LINE 2: MANAGEMENT EVALUATED TAX POSITIONS AND CONCLUDED THAT THE ENTITIES HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024, NO PROVISION FOR INCOME TAXES WAS MADE FOR THE ORGANIZATION, AS THE ORGANIZATION HAD NO SIGNIFICANT NET UNRELATED BUSINESS INCOME AND DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 1 SCHOLARSHIPS 31 90000 PART I, LINE 2: THE STAFF OF THE SURETY AND FIDELITY ASSOCIATION OF AMERICA REVIEWS AND EVALUATES APPLICATIONS BASED ON THE FOLLOWING CRITERIA: - CANDIDATES CLASSIFY THEMSELVES AS AN UNDERREPRESENTED STUDENT - COMPLETION OF THEIR SOPHOMORE YEAR AND DECLARED BUSINESS/FINANCE, ECONOMICS, ACCOUNTING, OR INSURANCE/RISK MANAGEMENT MAJOR. - MINIMUM GRADE POINT AVERAGE OVERALL OR MAJOR GPA OF AT LEAST 3.0 ON A 4.0 SCALE, - ENROLLED IN AN ACCREDITED INSTITUTION AS A FULL-TIME UNDERGRADUATE/GRADUATE STUDENT. - PARTICIPATION IN A SIX-WEEK (MINIMUM) PAID INTERNSHIP WITH AN SFAA MEMBER COMPANY WITHIN THEIR SURETY OR FIDELITY LINE OF BUSINESS. THE STAFF THEN PRESENTS RECOMMENDATIONS TO THE FOUNDATION BOARD FOR APPROVAL. BOARD-APPROVED APPLICATIONS ARE SENT TO THE CHIEF BONDING OFFICER AND COMPANY LIAISON REPRESENTING THE INTERNSHIP COMPANY FOR FINAL SIGN-OFF. 0 0 0 0 0 0 0 0 0 RYAN WORK SECRETARY/TREASURER 0 468636 0 141750 0 0 0 54847 0 27301 0 692534 0 0 PETER ROTH SFAA FOUNDATION LIAISON 0 262592 0 52000 0 0 0 52785 0 5914 0 373291 0 0 FORM 990, PART VI, SECTION A, LINE 2 WITH RESPECT TO THE SURETY FOUNDATION, BECAUSE OF THE POSITION THE ORGANIZATION HOLDS IN THE INDUSTRY IT REPRESENTS, WE EXPECT THAT MANY OF OUR MEMBERS WILL HAVE INCIDENTAL BUSINESS RELATIONSHIPS FROM TIME TO TIME. ALL MEMBERS OF THE BOARD OF DIRECTORS ARE SUBJECT TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND MUST DISCLOSE ANY KNOWN CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION A, LINE 6 THE SURETY & FIDELITY ASSOCIATION OF AMERICA IS THE SOLE MEMBER OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE SURETY FOUNDATION HAS ONE MEMBER, THE SURETY & FIDELITY ASSOCIATION OF AMERICA, AND THAT MEMBER IS REPRESENTED BY SFAA'S BOARD OF DIRECTORS, WHO APPOINTS THE TRUSTEES OF THE SURETY FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS OF THE ORGANIZATION REQUIRE APPROVAL BY THE SOLE MEMBER, SFAA FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN WAS PREPARED BY OUTSIDE ACCOUNTANTS AND REVIEWED BY THE PRESIDENT. MANAGEMENT DISTRIBUTED THE DRAFT OF FORM 990 AND RELATED SCHEDULES TO THE SFAA EXECUTIVE COMMITTEE AND MADE IT AVAILABLE TO BOARD MEMBERS FOR INSPECTION, PRIOR TO FILING IT WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE TSF BOARD OF DIRECTORS REQUIRES ALL DIRECTORS, OFFICERS AND EMPLOYEES TO COMPLETE AND SUBMIT AN ANNUAL STATEMENT OF DISCLOSURE DETAILING ANY FACTS OR CIRCUMSTANCES THAT MIGHT CONSTITUTE A CONFLICT OF INTEREST. THE BOARD OF DIRECTORS FURTHER REQUIRES DIRECTORS, OFFICERS AND EMPLOYEES TO SUBMIT AN AMENDED STATEMENT OF DISCLOSURE TO REFLECT ANY MATERIAL CHANGES OR ADDITIONS TO THE SUBMITTED INFORMATION THAT MAY ARISE DURING THE COURSE OF THE YEAR. DIRECTORS, OFFICERS AND EMPLOYEES ARE ENCOURAGED TO ERR ON THE SIDE OF DISCLOSURE AND TO REPORT ANY SET OF CIRCUMSTANCES THAT MAY APPEAR TO POSE A CONFLICT OF INTEREST, EVEN IF THERE IS UNCERTAINTY AS TO WHETHER SUCH CIRCUMSTANCES SHOULD BE DISCLOSED. THE BOARD OF DIRECTORS RECOGNIZES THAT CONFLICTS OF INTEREST ARE NOT UNCOMMON, AND THAT NOT ALL CONFLICTS OF INTEREST ARE NECESSARILY HARMFUL TO TSF. HOWEVER, THE BOARD REQUIRES FULL DISCLOSURE OF ALL ACTUAL AND POTENTIAL CONFLICTS OF INTEREST. UNDER THE POLICY, THE BOARD OF DIRECTORS DETERMINES WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, AND WHETHER OR NOT SUCH CONFLICT MATERIALLY AND ADVERSELY AFFECTS THE INTERESTS OF TSF. A DIRECTOR, OFFICER OR EMPLOYEE WHOSE POTENTIAL CONFLICT IS UNDER REVIEW MAY NOT DEBATE, VOTE, OR OTHERWISE PARTICIPATE IN SUCH DETERMINATION. IF THE BOARD OF DIRECTORS DETERMINES THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST DOES EXIST, THE BOARD SHALL ALSO DETERMINE WHETHER THE CONFLICT SHOULD BE WAIVED OR IDENTIFY AN APPROPRIATE REMEDY. SUCH REMEDY MAY INCLUDE, FOR EXAMPLE, THE RECUSAL OF THE CONFLICTED DIRECTOR, OFFICER OR EMPLOYEE FROM PARTICIPATING IN CERTAIN MATTERS PENDING BEFORE THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. THE SURETY & FIDELITY ASSOCIATION OF AMERICA 1146 19TH STREET NW STE 700 WASHINGTON DC 20036 260003391 PROMOTING USE OF SURETY & FIDELITY BONDS DC 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 THE SURETY & FIDELTY ASSSOCIATION OF AMERICA O 53030