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EIN 36-2737437

Illinois Insurance Guaranty Fund

IRS 501(c) type
501(c)(6)
Num. employees
12
City
Chicago
State
Illinois
Year formed
1971
Most recent tax filings
2023-12-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
The Illinois Insurance Guaranty Fund protects policyholders of property and casualty insurance companies in Illinois from loss in the event of insolvency. It provides a mechanism to pay claims and return unearned premiums, as well as assess costs to insurance companies holding a certificate of authority. This statutorily mandated organization fully discharges its obligation according to Illinois law and is located in Chicago, IL.
Total revenues
$12,078,200
2023
Total expenses
$14,062,124
2023
Total assets
$151,645,214
2023
Num. employees
12
2023

Program areas at Illinois Insurance Guaranty Fund

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.

Financials for Illinois Insurance Guaranty Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$10,942,230
Investment income and dividends$1,085,364
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$50,606
Total revenues$12,078,200
Data update history
August 14, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 12, 2024
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 22, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizations
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
150 S Wacker Dr Suite 2970
Chicago, IL 60606
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
iigf.org/ 
Phone
(312) 422-9700
IRS details
EIN
36-2737437
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1971
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Independent
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