EIN 57-6069141

South Carolina Property and Casualty Insurance Guaranty Association

Name: South Carolina Property and Casualty Insurance Guaranty Association financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(6)

Num. employees

City

Columbia

State

South Carolina

Year formed

1971

Most recent tax filings

2022-12-01

NTEE code, primary

Y20: Insurance Providers, Services

Description

The South Carolina Property and Casualty Insurance Guaranty Association's mission is to make payments for unpaid claims on various lines of insurance when an insurer issuing such policies becomes insolvent and is placed under an order of liquidation. The association is governed by the South Carolina Department of Insurance. Its purpose is to make payments for unpaid claims, including unearned premiums for workers' compensation, automobile, homeowners/farmowners, and other types of specific insurance coverage when an insurer issuing such policies becomes insolvent.

Also known as...

S C Property and Casualty Guaranty A

Total revenues

$43,567,997

2022

Total expenses

$50,297,098

2022

Total assets

$58,568,404

2022

Num. employees

2022

Program areas at South Carolina Property and Casualty Insurance Guaranty Association

The purpose of the association is to make payments for unpaid claims, including unearned premiums for workers' compensation, automobile, homeowners/farmowners and other types of specific Insurance coverage when an insurer issuing such policies becomes insolvent and is placed under an order of liquidation.

Personnel at South Carolina Property and Casualty Insurance Guaranty Association

Name	Title	Compensation	Date of data
J. Smith Harrison	Executive Director		2023-10-23
Tom Souder	Senior Director Business Operations	$0	2023-10-23
Carole Pugh	It Director	$0	2023-10-23
Brad Woodward	Accounting and Human Resources Director	$0	2023-10-23
Randy Mason Claims	Director		2022-04-27
...and 6 more key personnel

Financials for South Carolina Property and Casualty Insurance Guaranty Association

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$0	$0	-
Program services	$43,425,019	$7,688,246	464.8%
Investment income and dividends	$142,978	$60,483	136.4%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$43,567,997	$7,748,729	462.3%

Form 990s for South Carolina Property and Casualty Insurance Guaranty Association

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-05-15	990	View PDF
2021-12	2022-11-10	990	View PDF
2020-12	2021-11-15	990	View PDF
2019-12	2021-06-08	990	View PDF
2018-12	2020-01-21	990	View PDF
...and 8 more Form 990s

Organizations like South Carolina Property and Casualty Insurance Guaranty Association

Organization	Type	Location	Revenue
Wisconsin Workers Compensation Insurance Pool (WCRB)	501(c)(6)	Waukesha, WI	$77,525,017
Nonprofits Insurance Alliance of California	501(c)(3)	Santa Cruz, CA	$95,011,038
Five Pointe Professional Liability Insurance Company	501(c)(3)	Wilmington, DE	$47,889,541
Nysut Member Benefits Catastrophe Major Medical Insurance Trust	501(c)(5)	Latham, NY	$43,148,939
Nonprofits United Workers Comp Group	501(c)(3)	Sacramento, CA	$21,563,287
Nonprofit Insurance Trust	501(c)(3)	Lakeville, MN	$17,278,123
Academic Partners Insurance Company	501(c)(3)	Colchester, VT	$17,508,656
College Insurance Company	501(c)(3)	Colchester, VT	$21,753,350
MRM Property and Liability Trust	501(c)(3)	Sewickley, PA	$14,896,339
Hills Insurance Company	501(c)(3)	Mishawaka, IN	$29,753,708

Data update history

August 5, 2023

Posted financials

Added Form 990 for fiscal year 2021

July 7, 2023

Posted financials

Added Form 990 for fiscal year 2022

July 7, 2023

Updated personnel

Identified 8 new personnel

June 30, 2023

Posted financials

Added Form 990 for fiscal year 2020

April 27, 2022

Updated personnel

Identified 1 new personnel

Nonprofit Types

Mutual assistance organizationsInsurance companiesEnvironmental organizations

Issues

No issues found

Characteristics

Political advocacyState / local levelNo full-time employees

General information

Address: PO Box 407; Columbia, SC 29202
Metro area: Columbia, SC
County: Richland County, SC
Website URL: scguaranty.com/
Phone: (803) 744-4326

IRS details

EIN: 57-6069141
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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South Carolina Property and Casualty Insurance Guaranty Association

Program areas at South Carolina Property and Casualty Insurance Guaranty Association

Personnel at South Carolina Property and Casualty Insurance Guaranty Association

Financials for South Carolina Property and Casualty Insurance Guaranty Association

Form 990s for South Carolina Property and Casualty Insurance Guaranty Association

Organizations like South Carolina Property and Casualty Insurance Guaranty Association

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