Nonprofit · EIN 56-1179542
NORTH CAROLINA RATE BUREAU
Tax-exempt · RALEIGH, NC 27612
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $20,662,690 | $19,411,367 | $1,251,323 | $4,506,399 | $0 | $4,506,399 |
| December 31, 2023 | 990 | $19,098,097 | $20,008,203 | -$910,106 | $3,252,512 | $0 | $3,252,512 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $20,662,796
- Investment income
- -$2,339
- Other revenue
- $2,233
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $916,705
- Other salaries and wages
- $4,083,462
- Salaries, compensation and benefits (total)
- $7,570,290
- Professional fundraising fees
- $0
- Legal fees
- $1,426,032
- Accounting fees
- $41,273
- Occupancy
- $261,372
- Travel
- $25,490
Balance sheet and other
- Total assets, start of year
- $3,252,512
- Total assets, end of year
- $4,506,399
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,506,399
- Gross unrelated business income
- -$2,564
- Gross receipts
- $20,662,690
- Employees
- 84
- Volunteers
- 15
- Year formed
- 1977
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOANNA BILIOURIS | GENERAL MANAGER Officer | 15 | $348,034 | $36,409 |
| EDITH DAVIS | CHIEF FINANCIAL OFFICER Officer | 11.63 | $272,657 | $101,600 |
| VICKI GODBOLD | CHIEF ADMINISTRATIVE OFFICER Highest-paid employee | 17.63 | $260,395 | $93,448 |
| SHELLEY CHANDLER | CHIEF INFORMATION OFFICER Highest-paid employee | 16.5 | $250,957 | $51,029 |
| FRANK LONNETT | DIRECTOR, IT SERVICES & DATA Highest-paid employee | 16.5 | $202,798 | $67,013 |
| JARRED CHAPPELL | CHIEF OPERATING OFFICER Key employee | 35.63 | $211,883 | $49,928 |
| ANDY MONTANO | DIRECTOR, PERSONAL LINES Highest-paid employee | 31.13 | $188,006 | $38,947 |
| LAURA LEE LONGEST | DIRECTOR, SOFTWARE DEVELOPMENT Highest-paid employee | 18.75 | $198,227 | $27,859 |
| ACCIDENT FUND INSURANCE COMPANY | GOVERNING COMMITTEE (INCOMING 2024) Institutional trustee | 1 | $0 | $0 |
| ALLSTATE INSURANCE COMPANY | GOVERNING COMMITTEE Institutional trustee | 1 | $0 | $0 |
| AMERICAN HOME ASSURANCE COMPANY | GOVERNING COMMITTEE (OUTGOING 2024) Institutional trustee | 1 | $0 | $0 |
| BUILDERS MUTUAL INSURANCE COMPANY | GOVERNING COMMITTEE Institutional trustee | 1 | $0 | $0 |
| ERIE INSURANCE EXCHANGE | GOVERNING COMMITTEE (OUTGOING 2024) Institutional trustee | 1 | $0 | $0 |
| HARTFORD FIRE INSURANCE COMPANY | GOVERNING COMMITTEE (INCOMING 2024) Institutional trustee | 1 | $0 | $0 |
| KEMPER INDEPENDENCE INSURANCE COMPANY | GOVERNING COMMITTEE (OUTGOING 2024) Institutional trustee | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LIBERTY MUTUAL INSURANCE COMPANY | GOVERNING COMMITTEE Institutional trustee | 1 | $0 |
| NATIONWIDE MUTUAL INSURANCE COMPANY | GOVERNING COMMITTEE Institutional trustee | 1 | $0 |
| NC FARM BUREAU MUTUAL INSURANCE COMPA | GOVERNING COMMITTEE (INCOMING 2024) Institutional trustee | 1 | $0 |
| PROGRESSIVE CASUALTY INSURANCE COMPAN | GOVERNING COMMITTEE Institutional trustee | 1 | $0 |
| STATE FARM MUTUAL INSURANCE COMPANY | VICE CHAIR Institutional trustee | 1 | $0 |
| THE MEMBERS INSURANCE COMPANY | GOVERNING COMMITTEE Institutional trustee | 1 | $0 |
| THE TRAVELERS INDEMNITY COMPANY | GOVERNING COMMITTEE Institutional trustee | 1 | $0 |
| UNITED SERVICES AUTOMOBILE ASSOCIATIO | CHAIR Institutional trustee | 1 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOANNA BILIOURIS | GENERAL MANAGER Officer | 20.63 | $328,312 | $38,034 |
| EDITH DAVIS | CHIEF FINANCIAL OFFICER Officer | 11.25 | $258,430 | $99,314 |
| VICKI GODBOLD | CHIEF ADMINISTRATIVE OFFICER Highest-paid employee | 17.63 | $242,950 | $87,576 |
| SHELLEY CHANDLER | CHIEF INFORMATION OFFICER Highest-paid employee | 15.75 | $238,103 | $51,896 |
| FRANK LONNETT | DIRECTOR, IT SERVICES & DATA Highest-paid employee | 18 | $193,103 | $64,794 |
| JARRED CHAPPELL | CHIEF OPERATING OFFICER Key employee | 36.75 | $198,104 | $47,316 |
| ANDY MONTANO | DIRECTOR, PERSONAL LINES Highest-paid employee | 31.88 | $179,105 | $38,866 |
| LAURA LEE LONGEST | DIRECTOR, SOFTWARE DEVELOPMENT Highest-paid employee | 18.75 | $187,248 | $27,553 |
| ALLSTATE INSURANCE COMPANY | CHAIR Institutional trustee | 1 | $0 | $0 |
| AMERICAN HOME ASSURANCE COMPANY | GOVERNING COMMITTEE Institutional trustee | 1 | $0 | $0 |
| BUILDERS MUTUAL INSURANCE COMPANY | GOVERNING COMMITTEE Institutional trustee | 1 | $0 | $0 |
| ERIE INSURANCE EXCHANGE | GOVERNING COMMITTEE Institutional trustee | 1 | $0 | $0 |
| HARTFORD FIRE INSURANCE COMPANY | GOVERNING COMMITTEE (OUTGOING 2023) Institutional trustee | 1 | $0 | $0 |
| KEMPER INDEPENDENCE INSURANCE COMPANY | GOVERNING COMMITTEE Institutional trustee | 1 | $0 | $0 |
| LIBERTY MUTUAL INSURANCE COMPANY | GOVERNING COMMITTEE (INCOMING 2023) Institutional trustee | 1 | $0 | $0 |
| NATIONWIDE MUTUAL INSURANCE COMPANY | GOVERNING COMMITTEE Institutional trustee | 1 | $0 | $0 |
| NC FARM BUREAU MUTUAL INSURANCE COMPA | CHAIR (OUTGOING 2023) Institutional trustee | 1 | $0 | $0 |
| PROGRESSIVE CASUALTY INSURANCE COMPAN | GOVERNING COMMITTEE Institutional trustee | 1 | $0 | $0 |
| STATE FARM MUTUAL INSURANCE COMPANY | GOVERNING COMMITTEE Institutional trustee | 1 | $0 | $0 |
| THE MEMBERS INSURANCE COMPANY | GOVERNING COMMITTEE Institutional trustee | 1 | $0 | $0 |
| THE TRAVELERS INDEMNITY COMPANY | GOVERNING COMMITTEE (INCOMING 2023) Institutional trustee | 1 | $0 | $0 |
| UNITED SERVICES AUTOMOBILE ASSOCIATIO | GOVERNING COMMITTEE Institutional trustee | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4140 PARKLAKE AVE STE 320, RALEIGH, NC 27612-3723
- Principal officer (990 for 2024)
- EDITH DAVIS, 4140 PARKLAKE AVE 320, RALEIGH, NC 27612
- Signed the 990
- EDITH DAVIS, CHIEF FINANCIAL OFFICER
- Phone
- (919) 783-9790
- Website
- WWW.NCRB.ORG/NCRB
- Return prepared by
- JOHNSON LAMBERT LLP
Mission
THE BUREAU WAS ESTABLISHED UNDER ARTICLE 36, CHAPTER 58, NC GENERAL STATUTES. THE PURPOSE OF THE NORTH CAROLINA RATE BUREAU IS TO ADMINISTER PROPERTY AND CASUALTY RATES FOR THE INSURANCE INDUSTRY IN NORTH CAROLINA. THE BUREAU MAINTAINS RULES AND REGULATIONS AND ESTABLISHES PREMIUM RATES FOR MOTOR VEHICLE, WORKERS' COMPENSATION AND PROPERTY INSURANCE. THE BUREAU ALSO ENSURES THE AVAILABILITY OF WORKERS' COMPENSATION INSURANCE TO ANY ELIGIBLE RISK IN NORTH CAROLINA BY ASSIGNING THE RISKS TO MEMBERS ON AN EQUITABLE BASIS.ALL EXPENSES ARE RELATED TO THOSE FUNCTIONS. THE NC RATE BUREAU RECEIVES NO GRANTS AND ALL EXPENSES ARE BORNE BY ITS MEMBER INSURANCE COMPANIES IN PROPORTION TO WRITTEN PREMIUMS.
Program accomplishments
- WORKERS' COMPENSATION ASSIGNED RISK PLAN:THE BUREAU ASSURES THE AVAILABILITY OF WORKERS' COMPENSATION INSURANCE TO ANY ELIGIBLE RISK IN NORTH CAROLINA BY ASSIGNING THE RISKS TO MEMBERS ON AN EQUITABLE BASIS. THE BUREAU PROVIDES PERIODIC UPDATES ON ITS WEBSITE, HTTPS://WWW.NCRB.ORG/NCRB, REGARDING KEY METRICS OF THE PROGRAM.
- STATUTORY ANNUAL DATA REPORTING REQUIREMENT FOR MEMBER COMPANIES:PER ARTICLE 36 OF CHAPTER 58 OF THE GENERAL STATUTES OF NORTH CAROLINA REQUIREMENTS, THE NORTH CAROLINA RATE BUREAU MUST COLLECT ON AN ANNUAL BASIS INFORMATION AND REPORTS FROM ITS' MEMBER COMPANIES. THIS ANNUAL DATA IS USED TO PREPARE RATE FILINGS, APPORTIONMENT OF EXPENSES, AND DETERMINATION OF EXPENSE ALLOWANCES AND ASSESSMENTS. THE REPORTS THAT MUST BE COLLECTED INCLUDE PROPERTY AND CASUALTY ANNUAL STATEMENTS AND INSURANCE EXPENSE EXHIBITS, AS WELL AS PRIVATE PASSENGER AUTOMOBILE, HOMEOWNERS, DWELLING AND MOBILE HOMEOWNERS EXPENSE EXPERIENCE AND INSTALLMENT PAYMENT DATA. THE GOVERNING COMMITTEE APPROVED A PENALTY FEE OF $100/DAY FOR THE LATE SUBMISSION OF THIS ANNUAL DATA. THIS FEE IS ASSESSED IN JULY OF EACH YEAR.
- THE NORTH CAROLINA RATE BUREAU WAS CREATED BY THE GENERAL ASSEMBLY OF NORTH CAROLINA UNDER THE PROVISIONS OF ARTICLE 36 OF CHAPTER 58 OF THE GENERAL STATUTES FOR THE "ESTABLISHMENT AND ADMINISTRATION OF CLASSIFICATIONS, RULES, RATES, LOSS COSTS, RATING PLANS, POLICY FORMS AND POLICY PROVISIONS" (EXCERPT FROM THE NORTH CAROLINA RATE BUREAU CONSTITUTION) AND TO PROVIDE SERVICES AND PROGRAMS FOR THE NORTH CAROLINA INSURANCE INDUSTRY FOR AUTOMOBILE, PROPERTY, AND WORKERS COMPENSATION LINES OF INSURANCE. IN ORDER TO FULFILL THIS PURPOSE, THE NORTH CAROLINA RATE BUREAU FILES NUMEROUS PROPOSED CHANGES ON BEHALF OF THE BUREAU'S MEMBER COMPANIES TO THE NORTH CAROLINA COMMISSIONER OF INSURANCE. THE BUREAU ALSO HAS A NUMBER OF ONLINE SERVICES THAT MEMBER COMPANIES, CARRIERS, AND INSURANCE COMPANIES CAN UTILIZE TO AIDE USERS' DAY-TO-DAY INSURANCE NEEDS AND A DEDICATED INFORMATION CENTER IS ALSO IS AVAILABLE TO PROVIDE REAL-TIME ASSISTANCE AND/OR INFORMATION. THE NORTH CAROLINA RATE BUREAU'S WEBSITE POSTS FREQUENT UPDATES OF THEIR ACTIVITIES TO HTTPS://WWW.NCRB.ORG/NCRB, SO MORE DETAILED INFORMATION CAN BE FOUND THERE.
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 | Not 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
- 56-1179542
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,506,399
- Income (IRS master file)
- $20,662,690
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $20,662,690 | $19,411,367 | $4,506,399 | XML |
| 990 | December 2023 | $19,098,097 | $20,008,203 | $3,252,512 | XML |
| 990 | December 2022 | $18,311,373 | $18,031,526 | $4,309,684 | 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 56-1179542).
Questions about NORTH CAROLINA RATE BUREAU
- What is the EIN of NORTH CAROLINA RATE BUREAU?
- The employer identification number (EIN) of NORTH CAROLINA RATE BUREAU is 56-1179542.
- Is NORTH CAROLINA RATE BUREAU tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1979.
- Are donations to NORTH CAROLINA RATE BUREAU tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTH CAROLINA RATE BUREAU 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 RATE BUREAU due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CAROLINA RATE BUREAU last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NORTH CAROLINA RATE BUREAU?
- The 990 for the year ended December 31, 2024 names EDITH DAVIS.
- Who are the officers and directors of NORTH CAROLINA RATE BUREAU?
- The 990 for the year ended December 31, 2024 lists 23 people; 8 received compensation from the organization, the highest $348,034 (JOANNA BILIOURIS, GENERAL MANAGER).
- How much revenue does NORTH CAROLINA RATE BUREAU have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $20,662,690, expenses of $19,411,367 and total assets of $4,506,399 at year end.
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