2018-05-02T10:47:41-05:00 2017-12-31 420714325 RSM US LLP 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2017-01-01 222937521 EXCESS LINE ASSOCIATION OF NEW YORK EXCE 6462925500 1EXCHANGE PLAZA 55 BROADWAY NO 2900 NEW YORK NY 10006 DANIEL MAHER EXECUTIVE DIRECTOR 6462925500 2018-05-02 1 TAMAR PLOTZKER P02047230 2123721000 2017 2022-09-23 18:48:47Z DANIEL MAHER 1EXCHANGE PLAZA 55 BROADWAY NO 2900 NEW YORK NY 10006 7382177 0 X WWW.ELANY.ORG X 1988 NY AN INSURANCE ADVISORY ASSOCIATION CHARGED WITH THE DUTY TO FACILITATE AND ENCOURAGE COMPLIANCE WITH THE EXCESS LINE LAW 9 9 39 10 0 0 0 0 6935969 7034615 368036 347562 0 0 7304005 7382177 54750 89750 0 0 3426097 3789209 0 0 0 2169468 2282512 5650315 6161471 1653690 1220706 27654432 28866537 954726 1101583 26699706 27764954 X THE EXCESS LINE ASSOCIATION OF NEW YORK WAS CREATED BY STATUTE IN 1988 AND BEGAN BUSINESS IN 1989. IT IS A NON PROFIT INDUSTRY ADVISORY ASSOCIATION. ELANY IS CHARGED WITH THE DUTY TO FACILITATE AND ENCOURAGE COMPLIANCE WITH THE EXCESS LINE LAW. THE ASSOCIATION REVIEWS, RECORDS AND STAMPS EXCESS LINE INSURANCE DOCUMENTS REQUIRED TO BE SUBMITTED UNDER NEW YORK'S INSURANCE LAW. 0 0 THE ASSOCIATION REVIEWS, RECORDS AND STAMPS EXCESS LINE INSURANCE DOCUMENTS REQUIRED TO BE SUBMITTED UNDER NEW YORK INSURANCE LAW. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 39 1 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 0 0 0 X NANCY BORN 6462925500 55 BROADWAY 29TH FL NEW YORK NY 10006 X LANCE BECKER VICE CHAIRMAN 1.00 X X 0 0 0 JOHN A BUCKLEY TREASURER 1.00 X X 0 0 0 JOSEPH F CALIGIURI DIRECTOR 1.00 X 0 0 0 ERIC KELLER DIRECTOR 1.00 X 0 0 0 KEVIN MCGILL DIRECTOR 1.00 X 0 0 0 JANET PANE CHAIRMAN 1.00 X X 0 0 0 DONALD PRIVETT DIRECTOR 1.00 X 0 0 0 JAMES RICHARDSON SECRETARY 1.00 X X 0 0 0 ROBERT SHAPIRO DIRECTOR 1.00 X 0 0 0 DANIEL MAHER EXECUTIVE DIRECTOR 40.00 X 370221 0 84299 NANCY BORN CAO & DIRECTOR OF OPERATIONS 40.00 X 225013 0 57777 BRAMDEO PERSAUD DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 177209 0 58831 EUGENE NUNZIATA EDUCATION/COMMUNICATIONS DIRECTOR 40.00 X 174015 0 34797 JAMES DAVIS FINANCIAL DIRECTOR 40.00 X 146077 0 16796 THERESA HETHERINGTON STAMPING OFFICE MANAGER 40.00 X 136972 0 37218 HOWARD GREENE DIRECTOR OF STRATEGIC INITIATIVES 40.00 X 113269 0 672 BENEDICT BARDEGUEZ PC ANALYST/HELPDESK 40.00 X 109198 0 38120 1451974 0 328510 8 0 1 0 0 STAMPING FEES 900099 7034615 7034615 7034615 347562 347562 7382177 7034615 0 347562 89750 1173162 1976267 40044 385829 213907 125732 43125 83057 121689 459289 420387 65432 229568 173430 101253 MEMBERS' EDUCATION 185607 DUES & SUBSCRIPTIONS 104274 REPAIRS AND MAINTENANCE 55090 NYS DFS EXAM 53284 61295 6161471 696930 612533 1239010 1518794 608342 614745 119041 113892 7552521 7163300 517629 389221 23696321 24790862 777159 826490 27654432 28866537 331324 430383 623402 671200 954726 1101583 X 26699706 27764954 26699706 27764954 27654432 28866537 1220706 -155458 0 X 0 1 X 1 0 105163 99149 6014 7007987 6658403 349584 439371 405748 33623 389221 DEFERRED RENT 61774 DEFERRED COMPENSATION 609426 671200 X 7226719 -155458 -155458 7382177 0 7382177 6161471 0 6161471 0 6161471 PART X, LINE 2: THE ASSOCIATION IS CLASSIFIED AS A NONPROFIT ASSOCIATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS EXEMPT FROM INCOME TAXES. MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS FOR ALL OPEN YEARS AND HAS CONCLUDED THAT THE ASSOCIATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 1 HOUSTON FOOD BANK 535 PORTWALL STREET HOUSTON TX 77029 742181456 501(C)(3) 15000 VICTIMS OF HURRICANE HARVEY INSURANCE INDUSTRY CHARITABLE FOUNDATION 1325 SIXTH AVENUE 27TH FLOOR NEW YORK NY 10019 201240972 501(C)(3) 14750 SUPPORT FOR THE INSURANCE INDUSTRY GALVESTON COUNTY FOOD BANK 624 4TH AVENUE NORTH TEXAS CITY TX 77590 200408375 501(C)(3) 5000 VICTIMS OF HURRICANE HARVEY FOOD BANK OF CORPUS CHRISTI 826 KRILL STREET CORPUS CHRISTI TX 78408 742234089 501(C)(3) 5000 VICTIMS OF HURRICANE HARVEY AMERICARES FOUNDATION INC 88 HAMILTON AVENUE STAMFORD CT 069023111 061008595 501(C)(3) 12500 VICTIMS OF HURRICANE MARIA GLOBALGIVING FOUNDATION INC 1110 VERMONT AVE NW STE 550 WASHINGTON DC 20005 300108263 501(C)(3) 12500 VICTIMS OF HURRICANE MARIA KEYS AREA INTERDENOMINATIONAL RESOURCES INC (KAIR) 3010 OVERSEAS HIGHWAY MARATHON FL 33050 650926262 501(C)(3) 8400 VICTIMS OF HURRICANE IRMA ALL FAITHS FOOD BANK INC 8171 BLAIKIE COURT SARASOTA FL 34240 650115814 501(C)(3) 8300 VICTIMS OF HURRICANE IRMA SECOND HARVEST FOOD BANK OF CENTRAL FLORIDA INC 411 MERCY DRIVE ORLANDO FL 32805 592142315 501(C)(3) 8300 VICTIMS OF HURRICANE IRMA 9 PART I, LINE 2: THE ORGANIZATION GIVES GRANTS OVER $5,000 TO ORGANIZATIONS THAT ARE RECOGNIZED AS EXEMPT BY THE IRS UNDER 501(C)(3). THE EXECUTIVE DIRECTOR PROPOSES THE GRANT FUNDS IN THE U.S., AND THE BOARD APPROVES GRANT FUNDS AWARDED TO THE ORGANIZATIONS. X X 1 1 X 0 1 0 DANIEL MAHER EXECUTIVE DIRECTOR 301442 0 50000 0 18779 0 56600 0 27699 0 454520 0 0 0 NANCY BORN CAO & DIRECTOR OF OPERATIONS 190000 0 20000 0 15013 0 36001 0 21776 0 282790 0 0 0 BRAMDEO PERSAUD DIRECTOR OF INFORMATION TECHNOLOGY 152577 0 12000 0 12632 0 29177 0 29654 0 236040 0 0 0 EUGENE NUNZIATA EDUCATION/COMMUNICATIONS DIRECTOR 154000 0 10000 0 10015 0 28921 0 5876 0 208812 0 0 0 JAMES DAVIS FINANCIAL DIRECTOR 141077 0 5000 0 0 0 11686 0 5110 0 162873 0 0 0 THERESA HETHERINGTON STAMPING OFFICE MANAGER 120964 0 6000 0 10008 0 25958 0 11260 0 174190 0 0 0 PART I, LINE 1A IN SOME INSTANCES, THE ORGANIZATION PROVIDES FIRST-CLASS TRAVEL FOR THE EXECUTIVE DIRECTOR TO TRADE ASSOCIATION FUNCTIONS. THE ORGANIZATION ALSO PROVIDES TRAVEL FOR COMPANIONS TO ALL OFFICERS, DIRECTORS, AND SENIOR MANAGEMENT FOR TRAVEL TO THE ANNUAL BOARD MEETING. THESE BENEFITS ARE NOT TAXABLE COMPENSATION TO THESE INDIVIDUALS. PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATE IN A 457(F) DEFERRED COMPENSATION PLAN: DANIEL F. MAHER $17,000 FORM 990, PART VI, SECTION A, LINE 6 ANY CORPORATION, PARTNERSHIP OR INDIVIDUAL LICENSED AS AN EXCESS LINE BROKER UNDER SECTION 2105 OF THE NEW YORK INSURANCE LAW SHALL BE DEEMED A MEMBER OF THE ASSOCIATION. MEMBERS THAT ARE ORGANIZED AS CORPORATIONS OR PARTNERSHIPS SHALL PROVIDE THE ASSOCIATION, IN WRITING, WITH THE NAME OF AN OFFICER, PARTNER OR EMPLOYEE WHO SHALL BE AUTHORIZED TO EXERCISE ALL POWERS, RIGHTS, AND RESPONSIBILITIES OF THOSE MEMBERS INCLUDING, BUT NOT LIMITED TO, THE RIGHTS TO VOTE AND TO SERVE AS A DIRECTOR. FORM 990, PART VI, SECTION A, LINE 7A THE CHAIRMAN OF THE BOARD SHALL APPOINT A NOMINATING COMMITTEE, SUBJECT TO APPROVAL OF THE BOARD OF DIRECTORS, AT LEAST 90 DAYS BEFORE THE ANNUAL MEETING, TO NOMINATE MEMBERS TO FILL THE EXPIRING TERMS OF DIRECTORS. THE RECOMMENDATIONS OF THE NOMINATING COMMITTEE SHALL BE ANNOUNCED AT LEAST 60 DAYS BEFORE THE ANNUAL MEETING, AND ACTIVE MEMBERS SHALL BE GIVEN 10 DAYS AFTER SUCH ANNOUNCEMENT TO MAKE ADDITIONAL NOMINATIONS OF ACTIVE MEMBERS WHO HAVE SIGNIFIED THEIR WILLINGNESS TO STAND FOR ELECTION BY PETITION SUPPORTED BY NO LESS THAN 40 ACTIVE MEMBERS. BALLOTS SHALL BE MAILED TO MEMBERS AT LEAST 30 DAYS PRIOR TO THE ANNUAL MEETING INDICATING THE NOMINATIONS BY THE NOMINATING COMMITTEE AND ANY ADDITIONAL NOMINATIONS BY PETITION. THE RESULT OF THE ELECTION SHALL BE COUNTED THE DAY PRIOR TO THE ANNUAL MEETING BY TELLERS APPOINTED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES TO THE PLAN OF OPERATIONS MUST BE APPROVED IN ADVANCE BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND SIGNED BY THE EXECUTIVE DIRECTOR. IN ADDITION, THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO THE BOARD OF DIRECTORS AND MANAGERS. EACH YEAR THE QUESTIONNAIRE IS COMPLETED AND RETURNED TO BE REVIEWED BY THE CHAIRMAN OF THE BOARD. IN THE EVENT A CONFLICT EXISTS, THE INDIVIDUAL WITH THE CONFLICT MUST RECUSE HIMSELF/HERSELF FROM ANY DELIBERATION AND VOTING REGARDING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE MEMBERS OF THE EXECUTIVE COMMITTEE, WHO PRESENT THE FINAL DETERMINATION TO THE ENTIRE BOARD. THE CHAIRMAN OF THE BOARD THEN NOTIFIES THE DIRECTOR OF OPERATIONS, BY EMAIL, OF ANY CHANGE IN COMPENSATION FOR CHANGES TO THE PAYROLL. A COPY OF THE EMAIL BECOMES PART OF THE EXECUTIVE DIRECTOR'S PERSONNEL FILE. FOR OTHER KEY EMPLOYEES, THE DETERMINATION IS MADE BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE BOARD OF DIRECTORS SHALL, ONCE EACH YEAR, PROVIDE FOR AN INDEPENDENT AUDIT OF ALL THE BOOKS AND RECORDS OF THE ASSOCIATION AND A REPORT OF SUCH INDEPENDENT AUDIT SHALL BE MADE TO THE BOARD AND THE SUPERINTENDENT OF INSURANCE. COPIES OF SUCH REPORT SHALL BE MADE AVAILABLE TO EACH MEMBER TO REVIEW AT THE ASSOCIATION'S OFFICE. THE CONFLICT OF INTEREST POLICY IS NOT AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VII, SECTION A: THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN PART VII, COLUMN F AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS.