EIN 13-2657769

National Association of Surety Bond Producers (NASBP)

IRS 501(c) type
501(c)(6)
Num. employees
10
Year formed
1942
Most recent tax filings
2022-12-01
NTEE code, primary
Description
National Association of Surety Bond Producers (NASBP) producers specialize in providing surety bonds for construction contracts and other purposes to companies and individuals needing the assurance offered by surety bonds.
Total revenues
$4,001,560
2022
Total expenses
$4,012,316
2022
Total assets
$8,258,128
2022
Num. employees
10
2022

Program areas at NASBP

The Association conducts meetings during the year for staff, members, affiliates, and associates featuring speakers on matters of interest to the Surety industry, including the annual convention and fall meetings. The Association had two fall meetings (east and west) in 2022 with approximately 500 Surety professionals in attendance. The annual meeting, which is held in the spring of each year, had close to 850 attendees in 2022.
In march 2020, the Association launched a podcast, let's get Surety - let me hear your bonding talk featuring industry leaders and experts providing an insider look at the Surety industry. Since its inception, there have been more than 30,000 downloads of the more than 80 episodes. The Association hosts a website which features a blog providing timely information on issues of importance to the Surety industry. The Association distributes various communications to its members, affiliates, and associates. Among the communications is our newsletter, pipeline, distributed electronically every other month, which features news and developments that affect the industry. Also, focal point is an electronic bulletin that focuses on federal and state legislative and regulatory affairs. This e-bulletin is produced once or twice a month during the legislative season. Nasbp smartbrief is a weekly, electronic newsletter that provides a brief synopsis of news sources' stories about the people, markets, and policies impacting the Surety product and Surety industry. To receive nasbp smartbrief, a recipient must sign-up. The nasbp Surety Bond quarterly magazine, published four times a year, offers insights and information for Surety professionals as well as others who need to stay up to date on the industry's latest news and developments. The magazine is distributed for free digitally and in print to the nasbp membership as well as project owners, public officials, subcontractors, contracting officers, and others who are affected by developments in the Surety industry. The highlights - year in review is an annual publication produced at the end of the year that summarizes the year's important accomplishments. Nasbp provides the year in review in hardcopy and on the website. An on-line membership directory lists members and is accessible by the public and by those seeking to form business relationships with Surety professionals.
The Association also provides educational programs, including workshops and schools, with various levels of curriculum based on the experience of the student. Some of the curriculum qualifies for continuing insurance education. In 2022, there were three level i schools, three level ii schools, one level iii school and one commercial Surety school. More than 230 professionals attended these educational programs. The Association also presented 21 live virtual seminars with over 11,000 registrants. These events, along with close to 300 recorded sessions, are available on the Association's suretylearn platform. Nasbp also launched an online and on-demand contractor bonding education and mentoring program to take contractors step-by-step through the bonding qualification process. At the end of 2022, 82 contractors have started the comprehensive program and almost 50 nasbp members had volunteered to be mentors.
In addition, the Association conducts myriad outreach and advocacy activities to influence decision-makers in industry and government, to increase the awareness and use of Surety bonding in the public and private sector, and to improve communications with the media.

Personnel at NASBP

NameTitleCompensation
Mark McCallumChief Executive Officer$408,423
Martha PerkinsGeneral Counsel$205,690
Katherine ShamapandeDepartment Director$144,799
Maria RoginskiDirector$127,694
Steven B KarlinDepartment Director$168,803
...and 12 more key personnel

Financials for NASBP

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$3,695,725
Investment income and dividends$158,700
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-14,662
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$161,797
Total revenues$4,001,560

Form 990s for NASBP

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-10990View PDF
2021-122022-04-27990View PDF
2020-122021-05-03990View PDF
2019-122020-12-30990View PDF
2018-122019-09-04990OView PDF
...and 8 more Form 990s
Data update history
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 16 new personnel
May 14, 2023
Used new vendors
Identified 2 new vendors, including , and
April 13, 2022
Updated personnel
Identified 9 new personnel
April 9, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Trade associationsBusiness and community development organizations
Issues
Business and industry
Characteristics
MembershipsPolitical advocacy
General information
Address
7735 Old Georgetown Rd 900
Bethesda, MD 20814
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
Website URL
nasbp.org/home 
Phone
(202) 686-3700
Facebook page
NASBP 
Twitter profile
@nasbp 
IRS details
EIN
13-2657769
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1942
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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