Nonprofit · EIN 64-0885758
MISSISSIPPI SURPLUS LINES ASSOCIATION
Tax-exempt · FLOWOOD, MS 39232
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,320,554 | $1,017,638 | $2,302,916 | $10,268,917 | $134,967 | $10,133,950 |
| December 31, 2023 | 990 | $2,783,567 | $1,014,556 | $1,769,011 | $12,842,612 | $221,061 | $12,621,551 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,692,301
- Investment income
- $628,253
- Net gain from sales of assets
- $353,397
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $128,750
- Other salaries and wages
- $256,940
- Salaries, compensation and benefits (total)
- $459,503
- Professional fundraising fees
- $0
- Legal fees
- $26,842
- Accounting fees
- $44,672
- Occupancy
- $39,300
- Travel
- $10,918
- Depreciation
- $295,748
Balance sheet and other
- Total assets, start of year
- $12,842,612
- Total assets, end of year
- $10,268,917
- Total liabilities, end of year
- $134,967
- Net assets, end of year
- $10,133,950
- Land, buildings and equipment
- $806,829
- Publicly traded securities
- $7,697,434
- Net assets without donor restrictions
- $10,133,950
- Gross receipts
- $15,098,784
- Employees
- 6
- Volunteers
- 9
- Year formed
- 1997
- State of legal domicile
- MS
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 |
|---|---|---|---|---|
| Julie McLemore | Executive Director Officer | 40 | $125,000 | $3,750 |
| CHRISTOPHER MATHISON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| LINDA TRIFONE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MATTHEW KOURY | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 |
| PRESTON GOUGH III | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| DAVID PHILLIPS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| Mike Leach | Director Trustee or director | 1 | $0 | $0 |
| MIMS MCLENNAN | Director Trustee or director | 1 | $0 | $0 |
| ROGER ELFERT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRUITT TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PEGGY DRONET | EXECUTIVE DIRECTOR Officer | 40 | $142,682 | $5,707 |
| CHRISTOPHER MATHISON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| LINDA TRIFONE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MATTHEW KOURY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MIMS MCLENNAN | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DAVID PHILLIPS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PRESTON GOUGH III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROGER ELFERT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRUITT TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 504 KEYWOOD CIRCLE, FLOWOOD, MS 39232-3000
- In care of
- % PEGGY DRONET
- Principal officer (990 for 2024)
- JULIE MCLEMORE, 504 KEYWOOD CIRCLE SUITE B, FLOWOOD, MS 39232
- Signed the 990
- JULIE MCLEMORE, EXECUTIVE DIRECTOR
- Phone
- (601) 713-1111
- Website
- WWW.MSLA.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
TO ASSIST THE INSURANCE COMMISSIONER OF MISSISSIPPI WITH THE REGULATION OF "SURPLUS LINES" INSURANCE CONTRACTS AND TO ENCOURAGE COMPLIANCE BY SURPLUS LINES AGENTS AND INSURERS WITH THE SURPLUS LINES LAWS OF THE STATE OF MISSISSIPPI.
Program accomplishments
- THE ASSOCIATION DEVOTES MOST OF ITS RESOURCES TO STATUTORY COMPLIANCE. THE ASSOCIATION COMMUNICATES TO ITS MEMBERS AND ASSISTS THEM IN COMPLYING WITH EXISTING AND FUTURE REGULATIONS.
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
- 64-0885758
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $10,268,917
- Income (IRS master file)
- $15,098,784
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,320,554 | $1,017,638 | $10,268,917 | XML |
| 990 | December 2023 | $2,783,567 | $1,014,556 | $12,842,612 | XML |
| 990 | December 2022 | $2,592,835 | $789,976 | $10,301,399 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 64-0885758).
Questions about MISSISSIPPI SURPLUS LINES ASSOCIATION
- What is the EIN of MISSISSIPPI SURPLUS LINES ASSOCIATION?
- The employer identification number (EIN) of MISSISSIPPI SURPLUS LINES ASSOCIATION is 64-0885758.
- Is MISSISSIPPI SURPLUS LINES ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1998.
- Are donations to MISSISSIPPI SURPLUS LINES ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MISSISSIPPI SURPLUS LINES ASSOCIATION 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 MISSISSIPPI SURPLUS LINES ASSOCIATION 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 MISSISSIPPI SURPLUS LINES ASSOCIATION 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 MISSISSIPPI SURPLUS LINES ASSOCIATION?
- The 990 for the year ended December 31, 2024 names JULIE MCLEMORE.
- Who are the officers and directors of MISSISSIPPI SURPLUS LINES ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $125,000 (Julie McLemore, Executive Director).
- How much revenue does MISSISSIPPI SURPLUS LINES ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,320,554, expenses of $1,017,638 and total assets of $10,268,917 at year end.
Other nonprofits in FLOWOOD
- FRIENDS OF THE CHILDREN OF MISSISSIPPI INC EIN 64-0442110 · last filed 990 for 2024
- MISSISSIPPI ORGAN RECOVERY AGENCY EIN 58-2032232 · last filed 990 for 2024
- MISSISSIPPI BLOOD SERVICES INC EIN 23-7447676 · last filed 990 for 2025
- JACKSON PREPARATORY SCHOOL FOUNDATION EIN 57-0889451 · last filed 990 for 2025
- HARTFIELD ACADEMY INC EIN 45-2712832 · last filed 990 for 2026
- BLUE CROSS & BLUE SHIELD OF MISSISSIPPI FOUNDATION EIN 20-0471034 · last filed 990-PF for 2025
- MISSISSIPPI STATE RATING BUREAU EIN 64-0678320 · last filed 990 for 2025
- YOUNG MENS CHRISTIAN ASSO JACKSON EIN 64-0303099 · last filed 990 for 2024