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Employer Identification Number 56-1179542

NORTH CAROLINA RATE BUREAU is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:NORTH CAROLINA RATE BUREAU
Employer identification number (EIN):56-1179542
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:524290
401k Pension/Benefits registration NORTH CAROLINA RATE BUREAU 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementThe Bureau was established under Article 36, Chapter 58, N.C. 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 N. C. Rate Bureau receives no grants and all expenses are borne by its member insurance companies in proportion to written premiums.
Number of Employees70
Number of Volunteers14
Year Formed1977

Organization Governance

Legal DomicileNC
Voting Members - Governing Body12
Voting Members - Independent12

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 147,066
Net unrelated business incomeUSD $ 97,210
Program Service Revenue from prior yearUSD $ 18,309,840
Program Service Revenue from current yearUSD $ 18,927,632
Investment Income from prior yearUSD $ 1,534
Investment Income from current yearUSD $ 170,414
Other Revenue from prior yearUSD $ -1
Other Revenue from current yearUSD $ 51
Gross receipts from all sourcesUSD $ 19,098,097
Net assets / fund balances at end of fiscal yearUSD $ 3,252,512
Net assets / fund balances at beginning of fiscal yearUSD $ 4,309,684
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 3,252,512
Total assets at beginning of fiscal yearUSD $ 4,309,684
Revenues less expenses for current yearUSD $ -910,106
Revenues less expenses for previous yearUSD $ 279,847
Total expenses for current yearUSD $ 20,008,203
Total expenses for previous yearUSD $ 18,031,526
Other expenses in current yearUSD $ 12,729,039
Other expenses in previous yearUSD $ 10,747,122
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 7,279,164
Employee salary and benefits paid in previous yearUSD $ 7,284,404
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 19,098,097
Total revenue in previous fiscal yearUSD $ 18,311,373
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 51
2022-12-31
Total unrelated business incomeUSD $ -36,186
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 15,634,586
Program Service Revenue from current yearUSD $ 18,309,840
Investment Income from prior yearUSD $ 6,804
Investment Income from current yearUSD $ 1,534
Other Revenue from prior yearUSD $ 1
Other Revenue from current yearUSD $ -1
Gross receipts from all sourcesUSD $ 18,311,373
Net assets / fund balances at end of fiscal yearUSD $ 4,309,684
Net assets / fund balances at beginning of fiscal yearUSD $ 4,029,837
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 4,309,684
Total assets at beginning of fiscal yearUSD $ 4,029,837
Revenues less expenses for current yearUSD $ 279,847
Revenues less expenses for previous yearUSD $ -629,717
Total expenses for current yearUSD $ 18,031,526
Total expenses for previous yearUSD $ 16,271,108
Other expenses in current yearUSD $ 10,747,122
Other expenses in previous yearUSD $ 9,827,578
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 7,284,404
Employee salary and benefits paid in previous yearUSD $ 6,443,530
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 18,311,373
Total revenue in previous fiscal yearUSD $ 15,641,391
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ -1
2021-12-31
Total unrelated business incomeUSD $ 25,189
Net unrelated business incomeUSD $ 20,818
Program Service Revenue from prior yearUSD $ 17,363,783
Program Service Revenue from current yearUSD $ 15,634,586
Investment Income from prior yearUSD $ 7,970
Investment Income from current yearUSD $ 6,804
Other Revenue from prior yearUSD $ 65
Other Revenue from current yearUSD $ 1
Gross receipts from all sourcesUSD $ 15,641,391
Net assets / fund balances at end of fiscal yearUSD $ 4,029,837
Net assets / fund balances at beginning of fiscal yearUSD $ 4,659,554
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 4,029,837
Total assets at beginning of fiscal yearUSD $ 4,659,554
Revenues less expenses for current yearUSD $ -629,717
Revenues less expenses for previous yearUSD $ 82,797
Total expenses for current yearUSD $ 16,271,108
Total expenses for previous yearUSD $ 17,289,021
Other expenses in current yearUSD $ 9,827,578
Other expenses in previous yearUSD $ 10,905,605
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 6,443,530
Employee salary and benefits paid in previous yearUSD $ 6,383,416
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 15,641,391
Total revenue in previous fiscal yearUSD $ 17,371,818
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1
2020-12-31
Total unrelated business incomeUSD $ 9,721
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 19,605,331
Program Service Revenue from current yearUSD $ 17,363,783
Investment Income from prior yearUSD $ 11,421
Investment Income from current yearUSD $ 7,970
Other Revenue from prior yearUSD $ -49
Other Revenue from current yearUSD $ 65
Gross receipts from all sourcesUSD $ 17,371,818
Net assets / fund balances at end of fiscal yearUSD $ 4,659,554
Net assets / fund balances at beginning of fiscal yearUSD $ 4,576,757
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 4,659,554
Total assets at beginning of fiscal yearUSD $ 4,576,757
Revenues less expenses for current yearUSD $ 82,797
Revenues less expenses for previous yearUSD $ 1,740,910
Total expenses for current yearUSD $ 17,289,021
Total expenses for previous yearUSD $ 17,875,793
Other expenses in current yearUSD $ 10,905,605
Other expenses in previous yearUSD $ 12,002,455
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 6,383,416
Employee salary and benefits paid in previous yearUSD $ 5,873,338
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 17,371,818
Total revenue in previous fiscal yearUSD $ 19,616,703
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 65
2019-12-31
Total unrelated business incomeUSD $ 34,437
Net unrelated business incomeUSD $ 31,388
Program Service Revenue from prior yearUSD $ 16,837,380
Program Service Revenue from current yearUSD $ 19,605,331
Investment Income from prior yearUSD $ 5,600
Investment Income from current yearUSD $ 11,421
Other Revenue from prior yearUSD $ 200
Other Revenue from current yearUSD $ -49
Gross receipts from all sourcesUSD $ 19,616,703
Net assets / fund balances at end of fiscal yearUSD $ 4,576,757
Net assets / fund balances at beginning of fiscal yearUSD $ 2,835,847
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 4,576,757
Total assets at beginning of fiscal yearUSD $ 2,835,847
Revenues less expenses for current yearUSD $ 1,740,910
Revenues less expenses for previous yearUSD $ 740,820
Total expenses for current yearUSD $ 17,875,793
Total expenses for previous yearUSD $ 16,102,360
Other expenses in current yearUSD $ 12,002,455
Other expenses in previous yearUSD $ 10,139,799
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,873,338
Employee salary and benefits paid in previous yearUSD $ 5,962,561
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 19,616,703
Total revenue in previous fiscal yearUSD $ 16,843,180
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ -49
2018-12-31
Total unrelated business incomeUSD $ 660
Net unrelated business incomeUSD $ -405
Program Service Revenue from prior yearUSD $ 14,799,250
Program Service Revenue from current yearUSD $ 16,837,380
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 5,600
Other Revenue from prior yearUSD $ 1
Other Revenue from current yearUSD $ 200
Gross receipts from all sourcesUSD $ 16,843,180
Net assets / fund balances at end of fiscal yearUSD $ 2,835,847
Net assets / fund balances at beginning of fiscal yearUSD $ 2,095,027
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 2,835,847
Total assets at beginning of fiscal yearUSD $ 2,095,027
Revenues less expenses for current yearUSD $ 740,820
Revenues less expenses for previous yearUSD $ 310,769
Total expenses for current yearUSD $ 16,102,360
Total expenses for previous yearUSD $ 14,488,482
Other expenses in current yearUSD $ 10,139,799
Other expenses in previous yearUSD $ 9,097,068
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,962,561
Employee salary and benefits paid in previous yearUSD $ 5,391,414
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 16,843,180
Total revenue in previous fiscal yearUSD $ 14,799,251
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 200
2017-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 15,130,770
Program Service Revenue from current yearUSD $ 14,799,250
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 1
Other Revenue from current yearUSD $ 1
Gross receipts from all sourcesUSD $ 14,799,251
Net assets / fund balances at end of fiscal yearUSD $ 746,707
Net assets / fund balances at beginning of fiscal yearUSD $ 1,251,486
Total liabilities at end of fiscal yearUSD $ 1,434,024
Total liabilities at beginning of fiscal yearUSD $ 1,315,562
Total assets at end of fiscal yearUSD $ 2,180,731
Total assets at beginning of fiscal yearUSD $ 2,567,048
Revenues less expenses for current yearUSD $ 310,769
Revenues less expenses for previous yearUSD $ 404,294
Total expenses for current yearUSD $ 14,488,482
Total expenses for previous yearUSD $ 14,726,477
Other expenses in current yearUSD $ 8,700,841
Other expenses in previous yearUSD $ 8,973,345
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,787,641
Employee salary and benefits paid in previous yearUSD $ 5,753,132
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 14,799,251
Total revenue in previous fiscal yearUSD $ 15,130,771
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1
2016-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 15,736,765
Program Service Revenue from current yearUSD $ 15,130,770
Investment Income from prior yearUSD $ 24
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 727
Other Revenue from current yearUSD $ 1
Gross receipts from all sourcesUSD $ 15,130,771
Net assets / fund balances at end of fiscal yearUSD $ 1,251,486
Net assets / fund balances at beginning of fiscal yearUSD $ 959,691
Total liabilities at end of fiscal yearUSD $ 1,315,562
Total liabilities at beginning of fiscal yearUSD $ 1,235,814
Total assets at end of fiscal yearUSD $ 2,567,048
Total assets at beginning of fiscal yearUSD $ 2,195,505
Revenues less expenses for current yearUSD $ 404,294
Revenues less expenses for previous yearUSD $ 796,340
Total expenses for current yearUSD $ 14,726,477
Total expenses for previous yearUSD $ 14,941,176
Other expenses in current yearUSD $ 8,973,345
Other expenses in previous yearUSD $ 9,232,613
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,753,132
Employee salary and benefits paid in previous yearUSD $ 5,708,563
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 15,130,771
Total revenue in previous fiscal yearUSD $ 15,737,516
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1
2015-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 14,438,036
Program Service Revenue from current yearUSD $ 15,736,765
Investment Income from prior yearUSD $ 245
Investment Income from current yearUSD $ 24
Other Revenue from current yearUSD $ 727
Gross receipts from all sourcesUSD $ 15,737,516
Net assets / fund balances at end of fiscal yearUSD $ 959,691
Net assets / fund balances at beginning of fiscal yearUSD $ 560,847
Total liabilities at end of fiscal yearUSD $ 1,235,814
Total liabilities at beginning of fiscal yearUSD $ 1,067,165
Total assets at end of fiscal yearUSD $ 2,195,505
Total assets at beginning of fiscal yearUSD $ 1,628,012
Revenues less expenses for current yearUSD $ 796,340
Revenues less expenses for previous yearUSD $ 110,301
Total expenses for current yearUSD $ 14,941,176
Total expenses for previous yearUSD $ 14,327,980
Other expenses in current yearUSD $ 9,232,613
Other expenses in previous yearUSD $ 9,132,908
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,708,563
Employee salary and benefits paid in previous yearUSD $ 5,195,072
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 15,737,516
Total revenue in previous fiscal yearUSD $ 14,438,281
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 727

Other Company Names associated with EIN

North Carolina Rate Bureau

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 561179542

USA Mailing Address
2910 SUMNER BLVD
RALEIGH
NC
27616
Date first seen: 2007-01-01
Date last seen: 2026-02-25
USA Mailing Address
5401 SIX FORKS ROAD
RALEIGH
NC
27609
Date first seen: 2007-01-01
Date last seen: 2025-09-30
USA Location Address
5401 SIX FORKS ROAD
RALEIGH
NC
27609
Date first seen: 2007-01-01
Date last seen: 2025-09-30
USA Mailing Address
4140 PARKLAKE AVE 320
RALEIGH
NC
27612
Date first seen: 2007-01-01
Date last seen: 2025-09-30
USA Mailing Address
2910 SUMNER BLVD.
RALEIGH
NC
27616
Date first seen: 2007-01-01
Date last seen: 2026-02-24
USA Mailing Address
4140 PARKLAKE AVE
SUITE 320
RALEIGH
NC
27612
Date first seen: 2007-01-01
Date last seen: 2026-02-25
USA Mailing Address
4140 PARKLAKE AVENUE,
SUITE 320
RALEIGH
NC
27612
Date first seen: 2025-11-19
Date last seen: 2026-01-08
USA Mailing Address
4140 PARKLAKE AVENUE, SUITE 320
RALEIGH
NC
27612
Date first seen: 2026-02-25
Date last seen: 2026-02-25

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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