Nevada Surplus Lines Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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").
- Income
- $4.0 million
- Spending
- $503,954
- Spent on programs
- 99%
- Reserves
- Over 10 years of spending
- Largest source of income
- donations and private grants, 88%
- Employees
- 0
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100. Higher than 90% of charities in its peer group (community improvement, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover more than ten years of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 88% of income.
Income trend
15 of 15Income rose 10% on the year before.
Spending floor
15 of 1599% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 93 out of 100. Higher than 57% of charities in its peer group (community improvement, $1m to $10m).
Independent board
25 of 259 of 9 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $496,926 spent. 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. 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.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2020.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.