Cause IQ organization profile

Illinois Insurance Guaranty Fund

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Illinois Insurance Guaranty Fund is a insurance company based in Chicago, IL that was founded in 1971. As of 2020 they had $27 million in revenue and $162 million in assets.

To protect against loss, due to insolvency of insurance companies, of the coverage and unearned premiums of policyholders of insurance companies writing business in the State of Illinois. Protect policyholders of insurance companies doing business in ...

EIN:
36-2737437
City:
State:
Website:
Founded:
1971
Type:
501(c)(6)
NTEE:
Revenue:
$27,782,777
Assets:
$162,540,478
Employees:
15
Fiscal year end:
December
Revenue trends:
Asset trends:

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 statue and otherwise fully discharged its statutory obligation in accordance with Illinois law.

Form 990s for Illinois Insurance Guaranty Fund

Fiscal year endingDate received by IRSFormPDF link
2019-12Nov 2, 2020990View PDF
2018-12Jun 19, 2019990View PDF
2017-12Sep 12, 2018990View PDF
2016-12Sep 1, 2017990OView PDF
2015-12Sep 26, 2016990OView PDF
...and six more Form 990 PDFs

Financials for Illinois Insurance Guaranty Fund

Field2019
Total grants, contributions, etc.$0
Program services$19,659,991
Investment income and dividends$8,122,786
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$0
Total revenues$27,782,777

Vendors for Illinois Insurance Guaranty Fund

VendorServicesAmount paidDate
KimbiaFundraising software2020-09-06
███████ ███ ████Fundraising software; Payment processing2020-09-06
█████ ████ ███Legal Services$830,8312019-12-01
██████████ ████ █████████ ███Tecnhology Consulting$180,0002019-12-01
████████ ██████████ ██ █████████ ████████ █████Membership Trade Association$146,0772019-12-01
██████ ███ █████Investment Portfolio Manager$285,4132019-12-01
██████ ███████████Medical Bill Review and Pharmacy Benefits Manager$388,9152019-12-01

Personnel at Illinois Insurance Guaranty Fund

NameTitleCompensationMost recent data
Timothy SchotkeExecutive Director$255,043Nov. 2, 2020
Valerie McGregorDirector of Claims - Workers Compensation$150,013Dec. 31, 2019
███████ ██████It Manager$107,164Dec. 31, 2019
██████ █████Senior Claims Examiner$114,490Dec. 31, 2019
██████ █████Controller - Fin Info and Assessments, Member Co Records$157,029Dec. 31, 2019
██████ █████Controller$71,461Dec. 31, 2014
████ █ █████Past Executive Director$277,792Dec. 31, 2014

Peer insurance providers

 NameTypeRevenueLocation
1Virginia Property Insurance Association501(c)(6)$17 millionGlen Allen, VA
2Louisiana Insurance Guaranty Association501(c)(6)$18 millionBaton Rouge, LA
3Workers' Compensation Security Fund (WCSF)501(c)(6)$51 millionBasking Ridge, NJ
4North Carolina Joint Underwriting Association (NCJUA)501(c)(6)$89 millionRaleigh, NC
5Pennsylvania Property and Casualty Insurance Guaranty Association (PPCIGA)501(c)(6)$17 millionPhiladelphia, PA
6Michigan Automobile Insurance Placement Facility (MAIPF)501(c)(6)$39 millionJohnston, RI
7Minnesota Insurance Guaranty Association501(c)(6)$16 millionEdina, MN
8Nevada Insurance Guaranty Association (NIGA)501(c)(6)$7.5 millionLas Vegas, NV
9Property and Casualty Insurance Guaranty Corporation (PCIGC)501(c)(6)$9.5 millionTowson, MD
10Unsatisfied Claim and Judgment Fund (UCJF)501(c)(6)$95 millionBasking Ridge, NJ
11Texas Property and Casualty Insurance Guaranty Association (TPCIGA)501(c)(6)$27 millionAustin, TX
12Self-Insurers Security Fund501(c)(6)$65 millionOakland, CA
13Oklahoma Property and Casualty Insurance Guaranty Association501(c)(6)$7.3 millionOklahoma City, OK
14Pennsylvania Professional Liability Joint Underwriting Association (PPLJUA)501(c)(6)$12 millionBlue Bell, PA
15Kentucky Insurance Guaranty Association (KLHIGA)501(c)(6)$14 millionLouisville, KY
16Missouri Life and Health Insurance Guaranty Association501(c)(6)$11 millionJefferson Cty, MO
17Southern Mutual Church Insurance501(c)(4)$51 millionColumbia, SC
18Insurance Board501(c)(3)$49 millionCleveland, OH
19Promedica Indemnity Insurance Corporation501(c)(3)$11 millionBurlington, VT
20Polish National Alliance of the US of NA501(c)(8)$35 millionChicago, IL
21Western Catholic Union501(c)(8)$41 millionQuincy, IL
22Alabama Insurance Guaranty Association501(c)(6)$17 millionBirmingham, AL
23Uniformed Services Benefit Association (USBA)501(c)(9)$39 millionOverland Park, KS
24Assured Life Association501(c)(8)$13 millionGreenwood Village, CO
25United States Letter Carriers Mutual Benefit Association501(c)(5)$23 millionWashington, DC