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  4. New Jersey Property-Liability Insurance Guaranty Association (NJPLIGA)
EIN 22-2559832

New Jersey Property-Liability Insurance Guaranty Association (NJPLIGA)

IRS 501(c) type
501(c)(6)
Num. employees
125
City
Basking Ridge
State
New Jersey
Year formed
1974
Most recent tax filings
2023-12-01
NTEE code, primary
S40: Business and Industry
Description
To provide a safety net for policyholders and claimants of insolvent property-casualty insurance companies by providing statutory benefits to insureds and claimants of such insolvent companies.
Total revenues
$126,274,416
2023
Total expenses
$96,993,925
2023
Total assets
$303,216,188
2023
Num. employees
125
2023

Program areas at NJPLIGA

Njpliga was created by njsa 17:30a-1 et seq. The statute establishes a mechanism for the payment of "covered claims" of insolvent Insurance companies. Njpliga is funded through member company assessments. The statute requires all Insurance companies licensed in the state of New Jersey which write any kind of Insurance to which the New Jersey property-liability Insurance Guaranty Association act applies, to be members of njpliga.

Financials for NJPLIGA

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$119,482,568
Investment income and dividends$6,864,497
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-72,649
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$126,274,416
Data update history
December 8, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 18, 2024
Updated personnel
Identified 2 new personnel
December 29, 2023
Used new vendors
Identified 6 new vendors, including , , , , , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Business and community development organizationsInsurance companiesEnvironmental organizationsHeadquarter / parent organizations
Issues
Business and industry
Characteristics
MembershipsPolitical advocacyState / local level
General information
Address
233 Mount Airy Rd
Basking Ridge, NJ 07920
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Somerset County, NJ
Website URL
njguaranty.org/ 
Phone
(908) 382-7100
IRS details
EIN
22-2559832
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1974
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S40: Business and Industry
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Central organization
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