THE BUREAU WAS ESTABLISHED UNDER ARTICLE 36, CHAPTER 58, NC GENERAL STATUTES. THE PURPOSE OF THE NORTH CAROLINA RATE BUREAU IS TO ADMINISTER PROPERTY AND CASUALTY RATES FOR THE INSURANCE INDUSTRY IN NORTH CAROLINA. THE BUREAU MAINTAINS RULES AND REGULATIONS AND ESTABLISHES PREMIUM RATES FOR MOTOR VEHICLE, WORKERS' COMPENSATION AND PROPERTY INSURANCE. THE BUREAU ALSO ENSURES THE AVAILABILITY OF WORKERS' COMPENSATION INSURANCE TO ANY ELIGIBLE RISK IN NORTH CAROLINA BY ASSIGNING THE RISKS TO MEMBERS ON AN EQUITABLE BASIS.ALL EXPENSES ARE RELATED TO THOSE FUNCTIONS. THE NC RATE BUREAU RECEIVES NO GRANTS AND ALL EXPENSES ARE BORNE BY ITS MEMBER INSURANCE COMPANIES IN PROPORTION TO WRITTEN PREMIUMS.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $323k
- Bonus
- $25k
- Other
- —
- Benefits
- $11k
- Base
- $232k
- Bonus
- $40k
- Other
- —
- Benefits
- $12k
- Base
- $229k
- Bonus
- $31k
- Other
- —
- Benefits
- $11k
- Base
- $225k
- Bonus
- $26k
- Other
- —
- Benefits
- $11k
- Base
- $186k
- Bonus
- $17k
- Other
- —
- Benefits
- $11k
- Base
- $187k
- Bonus
- $25k
- Other
- —
- Benefits
- $31k
- Base
- $174k
- Bonus
- $14k
- Other
- —
- Benefits
- $24k
- Base
- $182k
- Bonus
- $16k
- Other
- —
- Benefits
- $11k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
General Manager Above 90th percentile | $323k | $25k | — | $11k | $384k $408k |
Chief Financial Officer Above 90th percentile | $232k | $40k | — | $12k | $374k $397k |
Chief Administrative Officer Highest Compensated Employee 75th to 90th percentile | $229k | $31k | — | $11k | $354k $375k |
Chief Information Officer 75th to 90th percentile | $225k | $26k | — | $11k | $302k $320k |
Director, IT Services & Data Chief Information Officer Median to 75th percentile | $186k | $17k | — | $11k | $270k $286k |
Chief Operating Officer 75th to 90th percentile | $187k | $25k | — | $31k | $262k $278k |
Director, Personal Lines Highest Compensated Employee Median to 75th percentile | $174k | $14k | — | $24k | $227k $241k |
Director, Software Development 75th to 90th percentile | $182k | $16k | — | $11k | $226k $240k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 15 unpaid individuals.
Up 5%
from 2023
From $366k in 2023 to $384k in 2024.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
General Manager pay rose 5% from 2023 to 2024, while revenue rose 8%.
- Chief Financial Officer pay rose 5% from 2023 to 2024.
- Highest Compensated Employee pay rose 7% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
NORTH CAROLINA RATE BUREAU reported revenue and expenses across 2 filing years.
Common questions about NORTH CAROLINA RATE BUREAU
What does the General Manager of NORTH CAROLINA RATE BUREAU earn?
In 2024, the General Manager of NORTH CAROLINA RATE BUREAU received $384,443 in total compensation. This pay is in the top 10% for General Manager roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does General Manager pay at NORTH CAROLINA RATE BUREAU compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the General Manager at NORTH CAROLINA RATE BUREAU falls in the top 10%.
What are NORTH CAROLINA RATE BUREAU's revenue and expenses?
In 2024, NORTH CAROLINA RATE BUREAU reported $20.7M in total revenue and $19.4M in total expenses on its IRS Form 990.
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