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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations North Carolina Rate Bureau

North Carolina Rate Bureau

Fiscal year ending 2024. Filed on September 26, 2025.

4140 Parklake Ave 320
Raleigh, North Carolina 27612

North Carolina Rate Bureau (EIN: 56-1179542) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, North Carolina Rate Bureau, a 501(c)(6) business league, reported compensation for 8 out of 84 total employees. Among the employees shown here, the average compensation is $299,899. The highest compensated employee at North Carolina Rate Bureau is Joanna Biliouris with fiscal year 2024 compensation of $384,443.

Revenue, expenses, and employee compensation

Revenue

$20,662,690

Expenses

$19,411,367

Employee compensation

$7,570,290
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Joanna Biliouris
General Manager
$384,443
$348,034 No related comp$36,409
Edith Davis
Chief Financial Officer
$374,257
$272,657 No related comp$101,600
Vicki Godbold
Chief Administrative Officer
$353,843
$260,395 No related comp$93,448
Shelley Chandler
Chief Information Officer
$301,986
$250,957 No related comp$51,029
Frank Lonnett
Director, IT Services and DATA
$269,811
$202,798 No related comp$67,013
Jarred Chappell
Chief Operating Officer
$261,811
$211,883 No related comp$49,928
Andy Montano
Director, Personal Lines
$226,953
$188,006 No related comp$38,947
Laura Lee Longest
Director, Software Development
$226,086
$198,227 No related comp$27,859

Benchmark Employee Compensation

Non-Employee Board Members

Accident Fund Insurance Company
Governing Committee (Incoming 2024)
Allstate Insurance Company
Governing Committee Member
American Home Assurance Company
Governing Committee (Outgoing 2024)
Builders Mutual Insurance Company
Governing Committee Member
Erie Insurance Exchange
Governing Committee (Outgoing 2024)
Hartford Fire Insurance Company
Governing Committee (Incoming 2024)
Kemper Independence Insurance Company
Governing Committee (Outgoing 2024)
Liberty Mutual Insurance Company
Governing Committee Member
Nationwide Mutual Insurance Company
Governing Committee Member
Nc Farm Bureau Mutual Insurance Compa
Governing Committee (Incoming 2024)
Progressive Casualty Insurance Compan
Governing Committee Member
State Farm Mutual Insurance Company
Vice Chair

Contractors

Young Moore & Henderson PA
Legal and Research
$1,324,755
Spectrum Partners LLC
IT Management and Consulting
$431,250
Crayon Software
IT Management and Consulting
$198,891

Mission Statement

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.

Revisions to this organization profile

September 26, 2025:
2024 North Carolina Rate Bureau 990 filed
November 9, 2024:
2023 North Carolina Rate Bureau 990 filed
October 28, 2023:
2022 North Carolina Rate Bureau 990 filed

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