Nonprofit · EIN 23-7102759
NORTH CAROLINA INSURANCE
Tax-exempt · RALEIGH, NC 27607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $673,514,463 | $320,384,889 | $353,129,574 | $2,229,663,098 | $505,745,138 | $1,723,917,960 |
| December 31, 2024 | 990 | $570,779,362 | $316,794,661 | $253,984,701 | $1,834,664,043 | $463,705,242 | $1,370,958,801 |
| December 31, 2023 | 990 | $446,830,243 | $244,465,418 | $202,364,825 | $1,516,384,288 | $397,113,502 | $1,119,270,786 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $594,515,836
- Investment income
- $79,063,199
- Net gain from sales of assets
- -$2,151,501
- Other revenue
- -$64,572
Expenses
- Grants and similar amounts paid
- $30,818,006
- Compensation of officers, directors and key employees
- $1,414,844
- Other salaries and wages
- $7,057,893
- Salaries, compensation and benefits (total)
- $12,427,772
- Professional fundraising fees
- $0
- Legal fees
- $447,789
- Accounting fees
- $138,405
- Occupancy
- $867,221
- Travel
- $74,791
- Depreciation
- $96,755
Balance sheet and other
- Total assets, start of year
- $1,834,664,043
- Total assets, end of year
- $2,229,663,098
- Total liabilities, end of year
- $505,745,138
- Net assets, end of year
- $1,723,917,960
- Land, buildings and equipment
- $19,831
- Publicly traded securities
- $1,953,085,727
- Gross receipts
- $1,154,087,074
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1969
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DIANNE HARDY | CHIEF EXECUTIVE OFFICER Officer | 18.75 | $0 | $643,820 | $57,871 |
| ALVIN ASHWORTH | CHIEF OPERATING OFFICER Officer | 18.75 | $0 | $474,086 | $57,333 |
| ROBERT EADES | CHIEF CLAIMS OFFICER Key employee | 18.75 | $0 | $337,116 | $53,442 |
| TEKEELA BARNES | CHIEF INFORMATION OFFICER Key employee | 18.75 | $0 | $317,529 | $47,678 |
| SONYA CHAMPION | CHIEF HUMAN RESOURCES OFFICER Key employee | 18.75 | $0 | $323,734 | $40,115 |
| SARAH MOORE | CHIEF FINANCIAL OFFICER Officer | 18.75 | $0 | $269,181 | $43,059 |
| VICKI FISHER | DIRECTOR OF CLAIMS Highest-paid employee | 18.75 | $0 | $269,007 | $30,166 |
| MICK QUINLAN | DIRECTOR OF IT Highest-paid employee | 18.75 | $0 | $241,443 | $52,766 |
| VITA WOOTEN | DIRECTOR OF UNDERWRITING Highest-paid employee | 18.75 | $0 | $222,394 | $38,622 |
| GREGORY WESTFALL | IT MANAGER Highest-paid employee | 18.75 | $0 | $195,574 | $50,399 |
| THOMAS REHM | IN HOUSE COUNSEL Highest-paid employee | 18.75 | $0 | $198,303 | $31,168 |
| ERIC HAMMONS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALLEN HOUCK | CHAIR (TO NOV '25)/BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEVE HALL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JERRY ACHATZ | BOARD MEMBER (TO NOV '25) Trustee or director | 1 | $0 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROYCE BENNETT | BOARD MEMBER (FROM NOV '25) Trustee or director | 1 | $0 |
| LAURA BUNTS | BOARD MEMBER (FROM NOV '25) Trustee or director | 1 | $0 |
| ROD EVANS | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEX GARATE | BOARD MEMBER Trustee or director | 1 | $0 |
| CHARLOTTE HICKS | BOARD MEMBER Trustee or director | 1 | $0 |
| DONALD HORNSTEIN | BOARD MEMBER Trustee or director | 1 | $0 |
| BILL LONG | BOARD MEMBER Trustee or director | 1 | $0 |
| SARAH MAESTRE | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN MILETTI | BOARD MEMBER Trustee or director | 1 | $0 |
| BECKY POLLARD | BOARD MEMBER (TO NOV '25) Trustee or director | 1 | $0 |
| FRANKLIN ROUSE | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DIANNE HARDY | CHIEF EXECUTIVE OFFICER Officer | 18.75 | $0 | $568,283 | $46,109 |
| ALVIN ASHWORTH | CHIEF OPERATING OFFICER Officer | 18.75 | $0 | $422,335 | $50,785 |
| ROBERT EADES | CHIEF CLAIMS OFFICER Key employee | 18.75 | $0 | $319,337 | $50,243 |
| TEKEELA BARNES | CHIEF INFORMATION OFFICER Key employee | 18.75 | $0 | $282,847 | $47,808 |
| SONYA CHAMPION | CHIEF HUMAN RESOURCES OFFICER Key employee | 18.75 | $0 | $278,925 | $32,018 |
| MICK QUINLAN | DIRECTOR OF IT Highest-paid employee | 18.75 | $0 | $259,849 | $39,854 |
| VICKI FISHER | DIRECTOR OF CLAIMS Highest-paid employee | 18.75 | $0 | $247,759 | $25,899 |
| SARAH MOORE | CHIEF FINANCIAL OFFICER Officer | 18.75 | $0 | $230,158 | $38,674 |
| VITA WOOTEN | DIRECTOR OF UNDERWRITING Highest-paid employee | 18.75 | $0 | $211,255 | $38,303 |
| NICOLE PEPICELLO | CLAIMS MANAGER Highest-paid employee | 18.75 | $0 | $188,177 | $43,343 |
| CHARLES WIGLEY | CLAIMS MANAGER Highest-paid employee | 18.75 | $0 | $191,248 | $12,101 |
| ALLEN HOUCK | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERIC HAMMONS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JERRY ACHATZ | BOARD MEMBER (FROM NOV '24) Trustee or director | 1 | $0 | $0 | $0 |
| ROD EVANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS FRISBIE | BOARD MEMBER (TO JAN '24) Trustee or director | 1 | $0 | $0 | $0 |
| ALEX GARATE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEVE HALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHARLOTTE HICKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DONALD HORNSTEIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BILL LONG | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SARAH MAESTRE | BOARD MEMBER (FROM JAN '24) Trustee or director | 1 | $0 | $0 | $0 |
| JOHN MILETTI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BECKY POLLARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FRANKLIN ROUSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEVE SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ERIC VAITH | BOARD MEMBER (TO NOV '24) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DIANNE HARDY | CHIEF EXECUTIVE OFFICER Officer | 18.75 | $0 | $514,921 | $47,702 |
| ALVIN ASHWORTH | CHIEF OPERATING OFFICER Key employee | 18.75 | $0 | $374,965 | $51,437 |
| ROBERT EADES | CHIEF CLAIMS OFFICER Key employee | 18.75 | $0 | $273,827 | $49,076 |
| TEKEELA BARNES | CHIEF INFORMATION OFFICER Highest-paid employee | 18.75 | $0 | $257,817 | $46,985 |
| SONYA CHAMPION | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 18.75 | $0 | $248,458 | $31,235 |
| REGINA O'CONNOR | DIRECTOR OF IT (TO MAR '23) Highest-paid employee | 18.75 | $0 | $206,223 | $45,866 |
| MICK QUINLAN | DIRECTOR OF IT (FROM APR '23) Trustee or director, Officer | 18.75 | $0 | $211,760 | $32,150 |
| VICKI FISHER | DIRECTOR OF CLAIMS Highest-paid employee | 18.75 | $0 | $208,532 | $26,263 |
| ALLEN HOUCK | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BOB MESSIER | CHAIR (TO MAR '23) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERIC HAMMONS | VICE CHAIR (FROM JUN '23) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROD EVANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS FRISBIE | BOARD MEMBER (TO JUN '23) Trustee or director | 1 | $0 | $0 | $0 |
| ALEX GARATE | BOARD MEMBER (FROM JUN '23) Trustee or director | 1 | $0 | $0 | $0 |
| MONICA GARDNER | BOARD MEMBER (FROM NOV '23) Trustee or director | 1 | $0 | $0 | $0 |
| STEVE HALL | BOARD MEMBER (FROM JUN '23) Trustee or director | 1 | $0 | $0 | $0 |
| CHARLOTTE HICKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DONALD HORNSTEIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BILL LONG | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN MILETTI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BECKY POLLARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FRANKLIN ROUSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEVE SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ERIC VAITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PATRICK WEIL | BOARD MEMBER (TO MAR '23) Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 751 CORPORATE CENTER DR STE 200, RALEIGH, NC 27607-4873
- Principal officer (990 for 2025)
- DIANNE HARDY, 751 CORPORATE CENTER DR 200, RALEIGH, NC 27607
- Signed the 990
- DIANNE HARDY, CHIEF EXECUTIVE OFFICER
- Phone
- (919) 821-1299
- Website
- WWW.NCJUA-NCIUA.ORG
- Return prepared by
- JOHNSON LAMBERT LLP
Mission
IN 1969, THE NORTH CAROLINA GENERAL ASSEMBLY ESTABLISHED THE ASSOCIATION AS A MARKET OF LAST RESORT TO PROVIDE PROPERTY INSURANCE IN THE BEACH AND COASTAL AREAS OF NORTH CAROLINA FOR INDIVIDUALS AND BUSINESSES WHO ARE UNABLE TO BUY IT IN THE STANDARD INSURANCE MARKET. ALL PROPERTY AND CASUALTY INSURANCE COMPANIES DOING BUSINESS IN NORTH CAROLINA ARE REQUIRED BY STATUTE TO PARTICIPATE IN FUNDING THE OPERATIONS OF THE ASSOCIATION, AND THEY SHARE IN ITS LOSSES ON PRO RATA BASIS. THE ASSOCIATION IS NOT AN AGENCY OF THE STATE GOVERNMENT, BUT ITS REGULATED BY THE NORTH CAROLINA COMMISSIONER OF INSURANCE.
Program accomplishments
- CONDUCT BUSINESS BY PROVIDING PROPERTY INSURANCE TO INDIVIDUALS AND BUSINESSES WHO WERE UNABLE TO BUY IT IN THE STANDARD MARKET.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7102759
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,229,663,098
- Income (IRS master file)
- $1,154,087,074
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $673,514,463 | $320,384,889 | $2,229,663,098 | IRS |
| 990 | December 2024 | $570,779,362 | $316,794,661 | $1,834,664,043 | IRS |
| 990 | December 2023 | $446,830,243 | $244,465,418 | $1,516,384,288 | XML |
| 990 | December 2022 | $357,797,739 | $184,740,119 | $1,241,045,262 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7102759).
Questions about NORTH CAROLINA INSURANCE
- What is the EIN of NORTH CAROLINA INSURANCE?
- The employer identification number (EIN) of NORTH CAROLINA INSURANCE is 23-7102759.
- Is NORTH CAROLINA INSURANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1971.
- Are donations to NORTH CAROLINA INSURANCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTH CAROLINA INSURANCE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTH CAROLINA INSURANCE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CAROLINA INSURANCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NORTH CAROLINA INSURANCE?
- The 990 for the year ended December 31, 2025 names DIANNE HARDY.
- Who are the officers and directors of NORTH CAROLINA INSURANCE?
- The 990 for the year ended December 31, 2025 lists 27 people; 0 received compensation from the organization.
- How much revenue does NORTH CAROLINA INSURANCE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $673,514,463, expenses of $320,384,889 and total assets of $2,229,663,098 at year end.
Other nonprofits in RALEIGH
- STATE CHARTERED CREDIT UNIONS INC EIN 56-0475645 · last filed 990-N for 2024
- WAKEMED EIN 56-6017737 · last filed 990 for 2025
- REX HOSPITAL INC EIN 56-1509260 · last filed 990 for 2025
- NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION EIN 56-0995910 · last filed 990 for 2025
- NC STATE INVESTMENT FUND INC EIN 31-1607634 · last filed 990 for 2025
- NORTH CAROLINA JOINT UNDERWRITING ASSOCIATION EIN 56-1222676 · last filed 990 for 2025
- FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA INC EIN 56-1283426 · last filed 990 for 2025
- DELTA DENTAL OF NORTH CAROLINA EIN 56-1018068 · last filed 990 for 2024