1. Directory
  2. Massachusetts
  3. Boston
  4. Guaranty Fund Management Services (GFMS)
EIN 23-7292624

Guaranty Fund Management Services (GFMS)

IRS 501(c) type
501(c)(6)
Num. employees
0
City
Boston
State
Massachusetts
Year formed
1970
Most recent tax filings
2022-12-01
NTEE code, primary
S40: Business and Industry
Description
GFMS is a voluntary, non-profit, unincorporated association formed as a result of its member guaranty association's recognition of the mutual advantages to be derived from maintaining a single efficient management and claims service organization.
Also known as...
Maine Insurance Guaranty Association
Total revenues
$511,048
2022
Total expenses
$2,741,361
2022
Total assets
$33,061,147
2022
Num. employees
0
2022

Program areas at GFMS

During the year the Association provided protection to policyholders and claimants of insolvent insurers in accordance with the Maine state statute.

Personnel at GFMS

NameTitle
Heather HollandTreasurer

Financials for GFMS

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$529,567
Investment income and dividends$381,604
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-400,123
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$511,048

Form 990s for GFMS

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-09990View PDF
2021-122022-11-15990View PDF
2020-122021-12-01990View PDF
2019-122021-10-14990OView PDF
2018-122020-02-13990OView PDF
...and 8 more Form 990s
Data update history
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 27, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 31, 2023
Updated personnel
Identified 1 new personnel
May 21, 2023
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Business and community development organizationsInsurance companies
Issues
Business and industry
Characteristics
MembershipsNo full-time employees
General information
Address
1 Bowdoin Sq Second Floor
Boston, MA 02114
Metro area
Boston-Cambridge-Newton, MA-NH
Website URL
gfms.org/ 
Phone
(617) 227-7020
Facebook page
guaranty-fund-management-services 
IRS details
EIN
23-7292624
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1970
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S40: Business and Industry
NAICS code, primary
52411: Direct Life, Health, and Medical Insurance Carriers
Parent/child status
Independent
Free account sign-up

Want updates when GFMS has new information, or want to find more organizations like Guaranty Fund Management Services (GFMS)?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2024 Nonprofit Metrics LLC
Terms of Service and Privacy Policy