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Filing year 2024

NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND

Basking Ridge, New Jersey·EIN 22-2603627·6
Total revenue
$347k
Total assets
$8.8M
Total expenses
$61k
Reported officers
23
Mission

NJSLIGF WAS CREATED BY NJSA 17:22-6.70 ET SEQ. THIS STATUTE ESTABLISHES A MECHANISM FOR THE PAYMENT OF "COVERED CLAIMS" OF INSOLVENT SURPLUS LINES INSURANCE COMPANIES. IT HAS BEEN FUNDED THROUGH A ONE-TIME ASSESSMENT OF ELIGIBLE SURPLUS LINES INSURERS THROUGH JULY 21, 2011, AS WELL AS A SURCHARGE ON POLICY PREMIUMS, WHICH HAS NOT BEEN ACTIVATED SINCE AUGUST 1993.

Executive compensation

Form 990 · Schedule J · 14 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Asst Dir of Compliance & IT
Highest Compensated Employee
Below 10th percentile
$39k
$42k
Dir. of Compliance & IT
Officer (Unspecified)
$36k
$39k
Special Counsel
Former Officer/director/trustee
25th percentile to median
$35k
$38k
Chief Executive Officer
10th to 25th percentile
$34k
$37k
Deputy Director of Claims
Highest Compensated Employee
Below 10th percentile
$31k
$34k
Software Develop. Manager
Highest Compensated Employee
Below 10th percentile
$30k
$33k
Special Projects Coordinator
Former Officer/director/trustee
10th to 25th percentile
$29k
$31k
Director of Claims
Director (Operational)
10th to 25th percentile
$28k
$31k
Director of Human Resources
Director (Operational)
10th to 25th percentile
$25k
$27k
Director of Operations
Below 10th percentile
$15k
$17k
Asst General Counsel
Highest Compensated Employee
Below 10th percentile
$14k
$15k
Director of Siu
Highest Compensated Employee
Below 10th percentile
$13k
$14k
Director of Finance
10th to 25th percentile
$12k
$13k
General Counsel
Officer (Unspecified)
$3k
$4k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Up 9%
from 2023

From $36k in 2023 to $39k in 2024.

$36k
2023
$39k
2024
In today's dollarsEst.
Up 5% in real terms$40k to $42k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Highest Compensated Employee pay rose 9% from 2023 to 2024, while revenue fell 28%.

$36k in 2023 to $39k in 2024.
  • Former Officer/director/trustee pay rose 15% from 2023 to 2024.
  • Chief Executive Officer pay fell 1% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND reported revenue and expenses across 2 filing years.

RevenueExpenses
$482k
$52k
2023
$347k
$61k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND

What does the Highest Compensated Employee of NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND earn?

In 2024, the Highest Compensated Employee of NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND received $39,042 in total compensation. This pay is in the bottom 10% for Highest Compensated Employee roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Highest Compensated Employee at NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND falls in the bottom 10%.

What are NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND's revenue and expenses?

In 2024, NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND reported $347k in total revenue and $61k in total expenses on its IRS Form 990.

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