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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 2022. Filed on October 28, 2023.

2910 Sumner Blvd
Raleigh, North Carolina 27616

North Carolina Rate Bureau (EIN: 56-1179542) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, North Carolina Rate Bureau, a 501(c)(6) business league, reported compensation for 9 out of 76 total employees. Among the employees shown here, the average compensation is $280,696. The highest compensated employee at North Carolina Rate Bureau is Edith Davis with fiscal year 2022 compensation of $360,111.

Revenue, expenses, and employee compensation

Revenue

$18,311,373

Expenses

$18,031,526

Employee compensation

$7,284,404
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Edith Davis
Chief Financial Officer
$360,111
$256,280 No related comp$103,831
Ray Evans
General Manager (TO 3/2022)
$345,270
$252,760 No related comp$92,510
Joanna Biliouris
General Manager (From 4/2022)
$330,071
$297,246 No related comp$32,825
Vicki Godbold
Chief Administrative Officer
$307,545
$231,937 No related comp$75,608
Shelley Chandler
Chief Information Officer
$281,006
$224,444 No related comp$56,562
Frank Lonnett
Director, IT Services and DATA
$247,432
$185,692 No related comp$61,740
Jarred Chappell
Chief Operating Officer (From 4/2022)
$240,335
$192,627 No related comp$47,708
Andy Montano
Director, Personal Lines
$207,773
$170,969 No related comp$36,804
Laura Lee Longest
Director, Software Development
$206,721
$181,130 No related comp$25,591

Benchmark Employee Compensation

Non-Employee Board Members

Allstate Insurance Company
Governing Committee Member
American Home Assurance Company
Vice Chair
Builders Mutual Insurance Company
Governing Committee Member
Erie Insurance Exchange
Governing Committee Member
Hartford Fire Insurance Company
Governing Committee Member
Kemper Independence Insurance Company
Governing Committee Member
Liberty Mutual Insurance Company
Governing Committee (TO 3/2022)
Nationwide Mutual Insurance Company
Governing Committee (From 3/2022)
Nc Farm Bureau Mutual Insurance Compa
Chair
Progressive Casualty Insurance Compan
Governing Committee Member
State Farm Mutual Insurance Company
Governing Committee Member
The Members Insurance Company
Governing Committee Member

Contractors

Young Moore & Henderson PA
Legal and Research
$718,871
Spectrum Partners LLC
IT Management and Consulting
$225,000

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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