MAINE INSURANCE GUARANTY ASSOCIATION

Reduce your risk when donating: see where the money actually goes.

2024 · Form 990 · revenue $1.8M · expenses $422K · assets $30.8M

EIN

23-7292624

Address

ONE BOWDOIN SQUARE SECOND FLOOR, BOSTON, MA 02114-2916

Website

www.gfms.org

NTEE code

Y25 State-Sponsored Worker's Compensation Reinsurance Organizations (Mutual and Membership Benefit) inferred (by a small language model from the name and 990 text, confidence 0.80; not an IRS classification)

Exempt type

501(c)(6): business league or chamber of commerce (association)

Ruling date

June 1973 (when the IRS recognized its exemption)

IRS status

Exempt (unconditional) (IRS Business Master File) IRS data ↗

Tax-deductible donations

No

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Mission

During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Maine state statute, Chapter 24-A Section 4433 of the Maine Insurance Laws.

Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).

People paid by the organization

None of the 14 people listed on these returns reported compensation from the organization. They are listed below.

Officers and directors, no compensation reported

14 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.

People by year

Highest-paid independent contractors

Who gave

Contributor names are not public for this form type.

Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.

Finances

Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.

Connected to

Organizations that list some of the same people on their returns (officers, directors, key employees on this organization’s latest return), and related organizations it lists on Schedule R.

• RHODE ISLAND PROPERTY & CASUALTY INSURANCE GUARANTY ASSOCIATION Boston, MA · 2 people in common (Adam Robitaille Board Member, William Cahill Board Member)
• MASSACHUSETTS INSURERS INSOLVENCY FUND Boston, MA · 1 person in common (Adam Robitaille Board Member)
• CONNECTICUT INSURANCE GUARANTY ASSOCIATION Boston, MA · 1 person in common (Adam Robitaille Board Member)

Funders of this organization

Not reported: no grants to this organization appear in the filings we have (tax years 2010 to 2025).

Nearby + Similar BETA

Who funds organizations like this

Grantors that funded the 64 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).

The full list · all similar organizations

Where the money went

Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.