ILLINOIS INSURANCE GUARANTY FUND: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- ILLINOIS INSURANCE GUARANTY FUND (EIN 36-2737437)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-06-13
- IRS object ID
- 202421659349302107
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-06-13T18:23:31-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 205520612 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | L M HENDERSON & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 E 96TH ST STE 200 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 462403797 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362737437 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ILLINOIS INSURANCE GUARANTY FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ILLI | BusinessNameControlTxt |
| Phone | 3124229700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 SOUTH WACKER DRIVE SUITE 2970 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LATOYA HINES | PersonNm |
| Person Title | CONTROLLER | PersonTitleTxt |
| Phone | 3124229700 | PhoneNum |
| Signature | 2024-06-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | LATOYA | PersonFirstNm |
| Person Last | HINES | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHELLE L ZIMMERMAN | PreparerPersonNm |
| PTIN | P00266120 | PTIN |
| Phone | 3175661000 | PhoneNum |
| Preparation | 2024-06-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | TIM SCHOTKE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 SOUTH WACKER DRIVE SUITE 2970 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $12,078,200 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | HTTP://WWW.IIGF.ORG | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | STATE INSURA | OtherOrganizationDsc |
| Formation | 1971 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | PROTECT POLICYHOLDERS OF PROPERTY AND CASUALTY INSURANCE COMPANIES DOING BUSINESS IN ILLINOIS AGAINST LOSS IN THE EVENT OF INSOLVENCY OF THE INSURANCE COMPANY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 12 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $6,382,793 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $10,942,230 | CYProgramServiceRevenueAmt |
| PY Investment Income | $804,033 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,085,364 | CYInvestmentIncomeAmt |
| CY Other Revenue | $50,606 | CYOtherRevenueAmt |
| PY Total Revenue | $7,186,826 | PYTotalRevenueAmt |
| CY Total Revenue | $12,078,200 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,639,082 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,261,155 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $11,276,084 | PYOtherExpensesAmt |
| CY Other Expenses | $11,800,969 | CYOtherExpensesAmt |
| PY Total Expenses | $13,915,166 | PYTotalExpensesAmt |
| CY Total Expenses | $14,062,124 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$6,728,340 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,983,924 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $147,561,188 | TotalAssetsBOYAmt |
| Total Assets EOY | $151,645,214 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,575,675 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,057,622 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $143,985,513 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $148,587,592 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PROTECT AGAINST LOSS BY PROVIDING A MECHANISM TO PAY COVERED CLAIMS AND RETURN UNEARNED PREMIUMS OF POLICYHOLDERS, RESULTING FROM INSOLVENT INSURERS AND TO ASSESS THE COSTS TO COMPANIES HOLDING A CERTIFICATE OF AUTHORITY TO TRANSACT INSURANCE IN THE STATE OF ILLINOIS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $13,773,752 | ExpenseAmt |
| Revenue | $10,942,230 | RevenueAmt |
| Desc | THE ILLINOIS INSURANCE GUARANTY FUND IS A STATUTORILY MANDATED ORGANIZATION WHICH PAID, WHEN LEGALLY DUE, ALL COVERED CLAIMS AS DEFINED BY STATUTE AND OTHERWISE FULLY DISCHARGED ITS STATUTORY OBLIGATION IN ACCORDANCE WITH ILLINOIS LAW. | Desc |
| Total Program Service Expenses | $13,773,752 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (true) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 124 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 12 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | false | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LATOYA HINES | PersonNm |
| Phone | 3124229700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 SOUTH WACKER DRIVE STE 2970 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| TIM SCHOTKE | ||||||||
| EXECUTIVE DI | 40.00 | 0.00 | Yes (X) | $299,805 | $0 | $79,714 | ||
| LATOYA HINES | ||||||||
| CONTROLLER | 40.00 | 0.00 | Yes (X) | $200,573 | $0 | $51,547 | ||
| VALERIE MCGREGOR | ||||||||
| CLAIMS DIREC | 40.00 | 0.00 | $186,607 | $0 | $44,997 | Yes (X) | ||
| MICHAEL DICKEY | ||||||||
| IT MANAGER | 40.00 | 0.00 | $132,199 | $0 | $45,183 | Yes (X) | ||
| GERALD GORAK | ||||||||
| SR. CLAIMS E | 40.00 | 0.00 | $127,557 | $0 | $34,271 | Yes (X) | ||
| MICHAEL LEVESQUE | ||||||||
| SR. CLAIMS E | 40.00 | 0.00 | $107,738 | $0 | $44,093 | Yes (X) | ||
| STACIE GRAHAM | ||||||||
| CHAIR | $0 | $0 | $0 | Yes (X) | ||||
| JOYCE HALL MELLINGER | ||||||||
| DIRECTOR | $0 | $0 | $0 | Yes (X) | ||||
| PAUL BLUME JR | ||||||||
| DIRECTOR | $0 | $0 | $0 | Yes (X) | ||||
| JENNIFER ELLIN | ||||||||
| DIRECTOR | $0 | $0 | $0 | Yes (X) | ||||
| MICHAEL PAQUETTE | ||||||||
| DIRECTOR | $0 | $0 | $0 | Yes (X) | ||||
| JOHN MATHEWS | ||||||||
| DIRECTOR | $0 | $0 | $0 | Yes (X) | ||||
| CATHY WALLACE | ||||||||
| DIRECTOR | $0 | $0 | $0 | Yes (X) | ||||
| AMBER MITCHELL | ||||||||
| DIRECTOR | $0 | $0 | $0 | Yes (X) | ||||
| JOEL MYERS | ||||||||
| DIRECTOR | $0 | $0 | $0 | Yes (X) | ||||
| KERRI MAESS | ||||||||
| DIRECTOR | $0 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,054,479 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $299,805 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| KENT LUCACCIONI LTD | |||||
| 20 SOUTH CLARK ST SUITE 1700 | CHICAGO | IL | 60602 | LEGAL SERVICES | $431,623 |
| MEDICALSERVICEQUOTES | |||||
| 695 JERRY ST STE 205 | CASTLEROCK | CO | 80104 | PHARMACY PROGRA | $343,880 |
| LOCKE LORD LLP | |||||
| 111 SOUTH WACKER DRIVE | CHICAGO | IL | 60606 | LEGAL SERVICES | $328,987 |
| PAYDEN AND RYGEL | |||||
| 333 SOUTH GRAND AVENUE 32ND FLOOR | LOS ANGELES | CA | 90071 | INVESTMENTS | $263,710 |
| LIGHTSPEED DATA SOLUTIONS | |||||
| 5042 WILSHIRE BLVD SUITE 595 | LOS ANGELES | CA | 90036 | CLAIMS SYSTEM | $215,340 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ADVANCES FROM LIQUIDATORS | 524298 | $5,894,053 | $5,894,053 |
| MEMBERSHIP ASSESSMENTS | 524298 | $5,048,177 | $5,048,177 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $10,942,230 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,085,364 | TotalRevenueColumnAmt |
| Exclusion | $1,085,364 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OSD ENGAGEMENT | Desc |
| Business | 541610 | BusinessCd |
| Total Revenue Column | $50,606 | TotalRevenueColumnAmt |
| Exclusion | $50,606 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $50,606 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,078,200 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,942,230 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,135,970 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $627,639 | TotalAmt |
| Program Services | $587,557 | ProgramServicesAmt |
| Management And General | $40,082 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,241,589 | TotalAmt |
| Program Services | $1,162,301 | ProgramServicesAmt |
| Management And General | $79,288 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,572 | TotalAmt |
| Program Services | $71,682 | ProgramServicesAmt |
| Management And General | $4,890 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $207,990 | TotalAmt |
| Program Services | $194,708 | ProgramServicesAmt |
| Management And General | $13,282 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,365 | TotalAmt |
| Program Services | $100,509 | ProgramServicesAmt |
| Management And General | $6,856 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $590,282 | TotalAmt |
| Program Services | $558,293 | ProgramServicesAmt |
| Management And General | $31,989 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $184,500 | TotalAmt |
| Program Services | $172,718 | ProgramServicesAmt |
| Management And General | $11,782 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,000 | TotalAmt |
| Program Services | $50,552 | ProgramServicesAmt |
| Management And General | $3,448 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $263,710 | TotalAmt |
| Program Services | $246,869 | ProgramServicesAmt |
| Management And General | $16,841 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,138 | TotalAmt |
| Program Services | $52,738 | ProgramServicesAmt |
| Management And General | $2,400 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,777 | TotalAmt |
| Program Services | $90,597 | ProgramServicesAmt |
| Management And General | $6,180 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $366,518 | TotalAmt |
| Program Services | $343,112 | ProgramServicesAmt |
| Management And General | $23,406 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $276,328 | TotalAmt |
| Program Services | $258,682 | ProgramServicesAmt |
| Management And General | $17,646 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,373 | TotalAmt |
| Program Services | $33,114 | ProgramServicesAmt |
| Management And General | $2,259 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,687 | TotalAmt |
| Program Services | $9,068 | ProgramServicesAmt |
| Management And General | $619 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,655 | TotalAmt |
| Program Services | $32,442 | ProgramServicesAmt |
| Management And General | $2,213 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,345 | TotalAmt |
| Program Services | $117,340 | ProgramServicesAmt |
| Management And General | $8,005 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| CLAIM PAYMENTS TO POLICY | $8,978,871 | $8,978,871 | |
| UNEARNED PREMIUM PAYMENTS | $460,663 | $460,663 | |
| MEMBERSHIP DUES & MISC EX | $269,122 | $251,936 | $17,186 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,062,124 | TotalAmt |
| Program Services | $13,773,752 | ProgramServicesAmt |
| Management And General | $288,372 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,767 | BOYAmt |
| EOY | $65,108 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $436,239 | BOYAmt |
| EOY | $973,958 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,430,254 | BOYAmt |
| EOY | $3,464,186 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $186,196 | BOYAmt |
| EOY | $205,604 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $356,509 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $236,853 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,858 | BOYAmt |
| EOY | $119,656 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $143,237,048 | BOYAmt |
| EOY | $144,517,365 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,141,826 | BOYAmt |
| EOY | $2,299,337 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $147,561,188 | BOYAmt |
| EOY | $151,645,214 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,077,393 | BOYAmt |
| EOY | $1,065,114 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,498,282 | BOYAmt |
| EOY | $1,992,508 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,575,675 | BOYAmt |
| EOY | $3,057,622 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,402,595 | BOYAmt |
| EOY | $9,023,212 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,582,918 | BOYAmt |
| EOY | $139,564,380 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $143,985,513 | BOYAmt |
| EOY | $148,587,592 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $147,561,188 | BOYAmt |
| EOY | $151,645,214 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,983,924 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $6,586,003 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,089 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,089 | DepreciationAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $273,577 | OtherCostOrOtherBasisAmt |
| Depreciation | $157,539 | DepreciationAmt |
| Book Value | $116,038 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $72,843 | OtherCostOrOtherBasisAmt |
| Depreciation | $69,225 | DepreciationAmt |
| Book Value | $3,618 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $119,656 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CORPORATE OBLIGATIONS | $53,860,936 | F |
| U.S. GOVERNMENT OBLIGATIONS | $48,574,923 | F |
| ASSET-BACKED SECURITIES | $28,501,627 | F |
| STATES, MUNICIPALITIES AND POLITICAL | $8,479,045 | F |
| MORTGAGE-BACKED SECURITIES | $5,100,834 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $144,517,365 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| OPERATING LEASE | $1,430,725 |
| OUTSTANDING CHECKS PAYABLE | $561,783 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,992,508 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $18,665,024 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $6,586,003 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $821 | OtherRevenueAmt |
| Revenue Not Reported | $6,586,824 | RevenueNotReportedAmt |
| Revenue Subtotal | $12,078,200 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $12,078,200 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $14,062,945 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $14,062,945 | ExpensesSubtotalAmt |
| Other Expenses Not Included | -$821 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | -$821 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $14,062,124 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | THE FUNDS ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(6) AND FROM STATE INCOME TAXES UNDER THE PROVISIONS OF ILLINOIS STATUTES. THEREFORE, THE FUNDS HAVE MADE NO PROVISIONS FOR FEDERAL OR STATE INCOME TAXES FOR THE CURRENT YEAR. |
| SCHEDULE D, PAGE 4, PART XI, LINE 2D | THIS AMOUNT REPRESENTS EXPENSE RECOVERIES 821 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | THIS AMOUNT REPRESENTS EXPENSE RECOVERIES -821 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| TIM SCHOTKE | |||||
| EXECUTIVE DIRECTOR | $299,145 | $660 | $46,333 | $33,381 | $379,519 |
| LATOYA HINES | |||||
| CONTROLLER | $200,151 | $422 | $30,224 | $21,323 | $252,120 |
| VALERIE MCGREGOR | |||||
| CLAIMS DIRECTOR | $183,709 | $2,898 | $27,794 | $17,203 | $231,604 |
| MICHAEL DICKEY | |||||
| IT MANAGER | $131,957 | $242 | $20,676 | $24,507 | $177,382 |
| GERALD GORAK | |||||
| SR. CLAIMS EXAMINER | $125,961 | $1,596 | $17,868 | $16,403 | $161,828 |
| MICHAEL LEVESQUE | |||||
| SR. CLAIMS EXAMINER | $106,811 | $927 | $17,256 | $26,837 | $151,831 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN R MATTHEWS LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | DIRECTOR | RelationshipDescriptionTxt |
| Transaction | $30,000 | TransactionAmt |
| Transaction | LEGAL & GOVT SERVICE | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART V | FormAndLineReferenceDesc |
| Explanation | THE PRINCIPAL OF JOHN R MATHEWS LLC IS A CURRENT DIRECTOR WHO SERVES ON THE BOARD. THE TRANSACTION PROVIDES LEGAL AND GOVERNMENT RELATIONS SERVICES. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | TO PROTECT AGAINST LOSS BY PROVIDING A MECHANISM TO PAY COVERED CLAIMS AND RETURN UNEARNED PREMIUMS OF POLICYHOLDERS, RESULTING FROM INSOLVENT INSURERS AND TO ASSESS THE COSTS TO COMPANIES HOLDING A CERTIFICATE OF AUTHORITY TO TRANSACT INSURANCE IN THE STATE OF ILLINOIS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | MEMBERS ARE THE INSURANCE COMPANIES LICENSED TO WRITE PROPERTY/CASUALTY INSURANCE IN THE STATE OF ILLINOIS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | MEMBER COMPANIES ELECT DIRECTORS AT THE ANNUAL MEETING TO SERVE THREE-YEAR NON-CONCURRENT TERMS. THE ELECTION IS CONDUCTED ON THE BASIS OF ONE VOTE FOR EACH MEMBER COMPANY. VACANCIES ON THE BOARD ARE FILLED BY A PERSON ELECTED BY THE REMAINING DIRECTORS FOR THE BALANCE OF THE TERM OF THE VACATING DIRECTOR. ALL DIRECTORS ARE SUBJECT TO APPROVAL BY THE DIRECTOR OF INSURANCE OF THE STATE OF ILLINOIS. |
| FORM 990, PAGE 6, PART VI, LINE 7B | THIS APPLIES ONLY TO THE APPROVAL OF DIRECTORS. UPON ELECTION OF THE BOARD OF DIRECTORS AND UPON FILING A VACANCY ON THE BOARD, THE ORGANIZATION NOTIFIES THE DIRECTOR OF INSURANCE AND REQUESTS WRITTEN APPROVAL. IF WITHIN TEN DAYS FOLLOWING SUCH NOTIFICATION AND REQUEST THE DIRECTOR DOES NOT APPROVE OR DISAPPROVE THE DIRECTORS ELECTED, THE DIRECTORS SHALL BE DEEMED APPROVED. |
| FORM 990, PAGE 6, PART VI, LINE 8B | ALL COMMITTEE MEETINGS HAVE COUNSEL OR MANAGEMENT IN ATTENDANCE TO ADVISE ON ANTITRUST MATTERS, BUT NO FORMAL MINUTES ARE MAINTAINED UNLESS MATTERS OF SIGNIFICANCE ARE DISCUSSED. COMMITTEE DELIBERATIONS AND RECOMMENDATIONS ARE FULLY REPORTED TO THE BOARD AT THE NEXT MEETING AS APPROPRIATE. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS PREPARED BY A THIRD-PARTY CONSULTING FIRM. AFTER PREPERATION, THE FORM IS PROVIDED TO THE ILLINOIS INSURANCE GUARANTY FUND (IIGF) MANAGEMENT FOR REVIEW. THE FORM 990 IS THEN REVIEWED BY OUTSIDE COUNSEL. FOLLOWING LEGAL REVIEW, AND PRIOR TO IIGF'S FORM 990 BEING FILED BY THE THIRD-PARTY TAX CONSULTANTS WITH THE INTERNAL REVENUE SERVICE, THE AUDIT COMMITTEE PERFORMS THE FINAL REVIEW NOT LESS THAN SEVEN DAYS PRIOR TO FILING. THE AUDIT COMMITTEE ALSO PROVIDES APPROVAL OF THE DOCUMENT ON BEHALF OF THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 12C | DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT COMPLIANCE STATEMENTS AT THE TIME OF THE ANNUAL MEETING. THE COMPLIANCE STATEMENTS ARE ONLY SUBJECT TO REVIEW BY THE LEGAL COMMITTEE OF THE BOARD IF THERE IS A FAILURE TO COMPLY OR DISCLOSURE OF NON-COMPLIANCE. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE ADMINISTRATION COMMITTEE OF THE BOARD REVIEWS SALARY INCREASE RECOMMENDATIONS FOR ALL STAFF. THESE RECOMMENDATIONS ARE BASED ON STATISTICS FROM THE U.S. DEPARTMENT OF LABOR AND OTHER RELEVANT SALARY FORECASTS, INCLUDING A THIRD PARTY COMPENSATION STUDY PERFORMED FOR THE ORGANIZATION IN ITS ENTIRETY DURING THE 2020 CALENDAR YEAR. THE COMMITTEE REPORTS TO THE BOARD AT THE DECEMBER MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE ADMINISTRATION COMMITTEE OF THE BOARD REVIEWS SALARY INCREASE RECOMMENDATIONS FOR ALL STAFF. THESE RECOMMENDATIONS ARE BASED ON STATISTICS FROM THE U.S. DEPARTMENT OF LABOR AND OTHER RELEVANT SALARY FORECASTS, INCLUDING A THIRD PARTY COMPENSATION STUDY PERFORMED FOR THE ORGANIZATION IN ITS ENTIRETY DURING THE 2020 CALENDAR YEAR. THE COMMITTEE REPORTS TO THE BOARD AT THE DECEMBER MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 19 | ALL GOVERNING DOCUMENTS AND ANNUAL AUDITED FINANCIAL STATEMENTS ARE ON FILE WITH THE ORGANIZATION'S STATE REGULATOR, THE ILLINOIS DEPARTMENT OF INSURANCE. THE AFOREMENTIONED ITEMS ARE AVAILABLE AT THE ILLINOIS DEPARTMENT OF INSURANCE AS PUBLIC DOCUMENTS. THE CONFLICT OF INTEREST POLICY IS AVAILABLE BY CONTACTING THE ILLINOIS INSURANCE GUARANTY FUND. |
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