Nonprofit · EIN 84-2487325
NEVADA SURPLUS LINES FOUNDATION
Tax-exempt · RENO, NV 89509
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,046,379 | $503,954 | $3,542,425 | $14,789,165 | $0 | $14,789,165 |
| December 31, 2023 | 990 | $3,666,821 | $5,175,519 | -$1,508,698 | $10,337,124 | $0 | $10,337,124 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,550,000
- Program service revenue
- $0
- Investment income
- $496,379
- Net gain from sales of assets
- $41,194
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $475,838
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $474
- Accounting fees
- $24,642
- Program services (functional)
- $496,926
- Management and general (functional)
- $7,028
Balance sheet and other
- Total assets, start of year
- $10,337,124
- Total assets, end of year
- $14,789,165
- Total liabilities, end of year
- $0
- Net assets, end of year
- $14,789,165
- Publicly traded securities
- $14,662,998
- Net assets without donor restrictions
- $14,789,165
- Gross receipts
- $6,278,742
- Employees
- 0
- Year formed
- 2019
- State of legal domicile
- NV
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 |
|---|---|---|---|
| GREG MCKINLEY | CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| NICK ROSSI | VICE-CHAIRMA Trustee or director, Officer | 0.5 | $0 |
| CINDY FLEISCHER | SECRETARY/TR Trustee or director, Officer | 0.5 | $0 |
| QUINCY BRANCH | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN DRAKULICH | DIRECTOR Trustee or director | 0.5 | $0 |
| THOMAS F KERESTESI | DIRECTOR Trustee or director | 0.5 | $0 |
| FRANCIE STOCKING | DIRECTOR Trustee or director | 0.5 | $0 |
| JUSTIN MANNING | DIRECTOR Trustee or director | 0.5 | $0 |
| STEVE WILKINS | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG MCKINLEY | CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| NICK ROSSI | VICE-CHAIRMA Trustee or director, Officer | 0.5 | $0 |
| CINDY FLEISCHER | SECRETARY/TR Trustee or director, Officer | 0.5 | $0 |
| QUINCY BRANCH | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN DRAKULICH | DIRECTOR Trustee or director | 0.5 | $0 |
| THOMAS F KERESTESI | DIRECTOR Trustee or director | 0.5 | $0 |
| FRANCIE STOCKING | DIRECTOR Trustee or director | 0.5 | $0 |
| JUSTIN MANNING | DIRECTOR Trustee or director | 0.5 | $0 |
| STEVE WILKINS | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 6490 S MCCARRAN BLVD STE 39, RENO, NV 89509-6126
- In care of
- % LYNN TWADDLE
- Principal officer (990 for 2024)
- GREG MCKINLEY
- Signed the 990
- GREG MCKINLEY, CHAIRMAN
- Phone
- (775) 826-7898
- Return prepared by
- JACKSON & JACKSON CPAS LTD
Mission
THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL SCIENTIFIC AND LITERARY OBJECTIVES AND PURPOSES WITHIN THE MEANING OF SECTION 501(C)3 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE").
Program accomplishments
- THE FOUNDATION WILL PROVIDE FUNDS FOR PROGRAMS AND ACTIVITIES TO SUPPORT ACHIEVEMENT AND SKILL DEVELOPMENT WITHIN THE INSURANCE INDUSTRY. THE FOUNDATION WILL CONSIDER DONATIONS AND GRANTS TO INDIVIDUALS AND ORGANIZATIONS THAT WILL ENCOURAGE INTEREST AND EMPLOYMENT OPPORTUNITIES WITHIN THE BUSINESS COMMUNITY. THE GOAL OF THE FOUNDATION IS TO PERPETUATE EMPLOYMENT AND INTEREST WITHIN THE INSURANCE INDUSTRY. THE RECIPIENTS MUST PRESENT A REQUEST FOR FUNDS IN WRITING, INCLUDING A DETAILED DESCRIPTION OF HOW THE FUNDS WILL BE USED, TIMELINES IF APPLICABLE, AND AGREE TO PROVIDE STATUS REPORTS IF REQUESTED. THE FOUNDATION BOARD OF DIRECTORS WILL REVIEW THE REQUESTS AND MAKE A DETERMINATION BASED ON THE AMOUNT OF THE REQUEST, IF THE ENTITY OR INDIVIDUAL WILL BE USING THE FUNDS FOR EDUCATION OR CHARITABLE REASONS, AND TO SUPPORT ACHIEVEMENT AND SKILL DEVELOPMENT IN THE INSURANCE INDUSTRY.Expenses $496,926 · grants $475,838
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
- 84-2487325
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $14,789,165
- Income (IRS master file)
- $6,278,742
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,046,379 | $503,954 | $14,789,165 | XML |
| 990 | December 2023 | $3,666,821 | $5,175,519 | $10,337,124 | XML |
| 990 | December 2022 | $2,424,587 | $345,079 | $10,653,128 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 84-2487325).
Questions about NEVADA SURPLUS LINES FOUNDATION
- What is the EIN of NEVADA SURPLUS LINES FOUNDATION?
- The employer identification number (EIN) of NEVADA SURPLUS LINES FOUNDATION is 84-2487325.
- Is NEVADA SURPLUS LINES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to NEVADA SURPLUS LINES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does NEVADA SURPLUS LINES FOUNDATION 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 NEVADA SURPLUS LINES FOUNDATION 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 NEVADA SURPLUS LINES FOUNDATION 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 NEVADA SURPLUS LINES FOUNDATION?
- The 990 for the year ended December 31, 2024 names GREG MCKINLEY.
- Who are the officers and directors of NEVADA SURPLUS LINES FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does NEVADA SURPLUS LINES FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,046,379, expenses of $503,954 and total assets of $14,789,165 at year end.
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All nonprofits in RENO · Nevada · Community improvement and capacity building