2025-03-18T07:42:22-05:00 2024-11-30 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE ROAD SUITE 1100 LOUISVILLE KY 402225187 990 2023-12-01 362688813 ILLINOIS FAIR PLAN ASSOCIATION ILLI 3128810385 PO BOX 849 TINLEY PARK IL 60477 JOSEPH A HATHAWAY PRESIDENT 3128810385 2025-03-17 1 0 SARAH K ANTLE P01391676 5024269660 2025-02-26 2023 2025-03-06 01:10:19Z JOSEPH A HATHAWAY PO BOX 849 TINLEY PARK IL 60477 4154341 0 X WWW.ILLINOISFAIRPLAN.COM X 1968 IL TO PROVIDE BASIC AND AFFORDABLE PROPERTY INSURANCE TO APPLICANTS IN ILLINOIS (SEE SCHEDULE O)WHO ARE UNABLE TO PURCHASE COVERAGE THROUGH THE STANDARD INSURANCE MARKET. 11 11 6 0 0 0 0 0 3241556 3921612 167185 204621 0 28108 3408741 4154341 15000 10000 0 0 1093510 1015997 0 0 0 5168647 3136243 6277157 4162240 -2868416 -7899 9509849 10092992 3511530 3756363 5998319 6336629 TO PROVIDE BASIC AND AFFORDABLE PROPERTY INSURANCE TO APPLICANTS IN THE STATE OF ILLINOIS WHO ARE UNABLE TO PURCHASE COVERAGE THROUGH THE STANDARD INSURANCE MARKET FOR REASONS BEYOND THEIR CONTROL. 0 0 UNDER ILLINOIS STATE STATUE, THE ASSOCIATION PROVIDES FIRE, HOMEOWNERS, EXTENDED COVERAGE, VANDALISM, AND MALICIOUS MISCHIEF INSURANCE FOR STATE RESIDENTS WHO HAVE BEEN UNABLE TO OBTAIN THESE TYPES OF INSURANCE IN THE VOLUNTARY MARKET. 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 216 0 1 6 1 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOSEPH A HATHAWAY 3128610385 PO BOX 849 TINLEY PARK IL 60477 KENNETH DEVRIES CHAIR 1.00 X X 8800 0 0 KIMBERLY BURNELL VICE-CHAIR 1.00 X X 0 0 0 REBECCA KORACH WOAN SECRETARY 1.00 X X 7200 0 0 ANDY JONES DIRECTOR 1.00 X 0 0 0 CHARLES HILL SR DIRECTOR 1.00 X 8000 0 0 MICHAEL STARON DIRECTOR 1.00 X 0 0 0 ERIC HAMMONS DIRECTOR 1.00 X 0 0 0 R JOY ARUGUETE DIRECTOR 1.00 X 8000 0 0 THOMAS DAMMRICH DIRECTOR 1.00 X 4000 0 0 CYNTHIA GUAN DIRECTOR 1.00 X 0 0 0 GREG WHITEHEAD DIRECTOR 1.00 X 3200 0 0 JOSEPH HATHAWAY PRESIDENT 37.50 X 223589 0 144689 PAUL ROGERS CLAIMS MANAGER 37.50 X 102934 0 82844 365723 0 227533 2 0 1 0 FAIR PLAN COST SHARING ALLIANCE LLC PO BOX 437249 LOUISVILLE KY 40253 UNDERWRITING, CLAIMS, ACCT., IT 214845 1 INSURANCE PREMIUMS 524126 3912395 3912395 INSTALLMENT PLAN CHARG 524126 9217 9217 3921612 204621 204621 28108 0 28108 28108 28108 4154341 3921612 0 232729 10000 366135 318879 190608 102760 37615 23929 20300 34658 400964 1949 269803 1150 25510 5105 18936 88782 LOSSES AND LOSS ADJUSTM 1797998 COMMISSIONS 420800 INSPECTIONS AND REPORTS 25979 MISCELLANEOUS 380 4162240 591034 577716 533147 613210 6199824 7838074 2185844 1063992 9509849 10092992 125253 131415 3386277 3624948 3511530 3756363 X 0 0 0 0 5998319 6336629 5998319 6336629 9509849 10092992 X -7899 11560 334649 X X 0 1 X 1 0 0 INVESTMENT INCOME DUE AND ACCRUED 74769 OTHER ASSETS 977219 OTHER RECEIVABLES 12004 1063992 LOSS AND LOSS ADJUSTMENT EXPENSE RESERVES 428164 UNEARNED PREMIUMS 2313545 ADVANCE PREMIUM 64980 COMMISSIONS PAYABLE 55691 SUBLEASE LIABILITIES 530739 OTHER LIABILITIES 24833 MEMBER ASSESSMENT PAYABLE 206996 3624948 X 4154341 0 4154341 0 4154341 4162240 0 4162240 0 4162240 PART X, LINE 2: INCOME TAXES: AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(6), THE INCOME EARNED BY THE ASSOCIATION FROM INSURANCE OPERATIONS IN THE STATE OF ILLINOIS IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. INCOME EARNED BY THE ASSOCIATION THAT IS NOT SUBSTANTIALLY RELATED TO INSURANCE OPERATIONS IN THE STATE OF ILLINOIS MAY BE SUBJECT TO INCOME TAX AS UNRELATED BUSINESS INCOME. ACCORDINGLY, THE ASSOCIATION ALSO FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN FOR UNRELATED BUSINESS INCOME WHEN REQUIRED. AS OF NOVEMBER 30, 2024 AND 2023, THE ASSOCIATION DID NOT HAVE ANY ACCRUED INTEREST OR PENALTIES RELATED TO INCOME TAX LIABILITIES, AND NO INTEREST OR PENALTIES HAVE BEEN CHARGED TO OPERATIONS FOR THE YEARS THEN ENDED. 1 NEIGHBORHOOD HOUSING SERVICES OF CHICAGO 1279 N MILWAUKEE AVE CHICAGO IL 60622 237443009 501(C)(3) 10000 0 CHICAGO HOME SAFETY 1 SCHEDULE I, PART I, LINE 2 ALL AMOUNTS GRANTED BY THE ILLINOIS FAIR PLAN ARE APPROVED BY THE FINANCE AND AUDIT COMMITTEE AND GOVERNING COMMITTEE AS PART OF THE BUDGET PROCESS AND THE ASSOCIATION CONFIRMS THE ORGANIZATION IS MEETING THEIR STATED PURPOSE THROUGH DIRECT PARTICIPATION IN ORGANIZATION MEETINGS/ACTIVITIES OR THROUGH ACTIVITY REPORTS ISSUED BY THE ORGANIZATIONS. THE EMPLOYER IDENTIFICATION NUMBER IS OBTAINED FROM EACH ORGANIZATION A GRANT IS ISSUED TO. X X X 0 0 0 JOSEPH HATHAWAY PRESIDENT 212855 0 9375 0 1359 0 97265 0 47424 0 368278 0 0 0 PAUL ROGERS CLAIMS MANAGER 100236 0 2250 0 448 0 45852 0 36992 0 185778 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION IS AN UNINCORPORATED ASSOCIATION OF THOSE INSURANCE COMPANIES WRITING CERTAIN TYPES OF PROPERTY CASUALTY INSURANCE COVERAGE IN ILLINOIS, COLLECTIVELY REFERRED TO AS "MEMBER COMPANIES" OF THE ASSOCIATION. EACH MEMBER COMPANY SHARES IN THE ASSOCIATION'S RESULTS OF OPERATIONS, RECEIVING CASH EXCESSES AND PAYING FOR CASH SHORTFALLS WITH TIMING OF PAYMENTS OR ASSESSMENTS DETERMINED BY THE FINANCE AND AUDIT COMMITTEE. THE EXTENT OF A MEMBER COMPANY'S EQUITY PARTICIPATION IN THE RESULTS OF OPERATIONS IS DETERMINED ANNUALLY, AND IS A FUNCTION OF THE MEMBER COMPANY'S VOTING PARTICIPATION PERCENTAGE ADJUSTED FOR CERTAIN CREDITS. A MEMBER COMPANY'S VOTING PARTICIPATION PERCENTAGE FOR A GIVEN YEAR REPRESENTS THE PROPORTION THAT ITS PREMIUMS WRITTEN IN ILLINOIS BEARS TO THE TOTAL OF ALL MEMBERS' PREMIUMS WRITTEN IN ILLINOIS; PREMIUMS WRITTEN FOR THIS CALCULATION ARE FOR THOSE TYPES OF INSURANCE COVERAGE OFFERED BY THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A AS STATED IN THE ARTICLES OF ASSOCIATION, THE ASSOCIATION IS ADMINISTERED BY AN ELEVEN MEMBER GOVERNING COMMITTEE COMPRISED OF SIX INSURANCE INDUSTRY REPRESENTATIVES; FOUR PERSONS WHO ARE EMPLOYEES OF OR OTHERWISE AFFILIATED WITH THE INSURANCE INDUSTRY; AND, ONE PERSON WHO IS AN ILLINOIS LICENSED INSURANCE PRODUCER. THE TERMS OF EACH MEMBER OF THE GOVERNING COMMITTEE BEGIN ON THE DATE OF THE ASSOCIATION'S ANNUAL MEETING. THE MEMBERS OF THE GOVERNING COMMITTEE SERVE FOR ONE YEAR OR UNTIL THEIR SUCCESSORS ARE ELECTED, APPOINTED, OR OTHERWISE DESIGNATED. TWO MEMBERS OF THE GOVERNING COMMITTEE SHALL BE DESIGNATED OR ELECTED BY THE AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION. ONE MEMBER OF THE GOVERNING COMMITTEE SHALL BE DESIGNATED OR ELECTED BY EACH OF THE FOLLOWING: THE GROUP COMPRISING ALL OTHER STOCK INSURERS NOT MEMBERS OF THE ABOVE; AND, THE GROUP COMPRISING ALL OTHER NON-STOCK INSURERS NOT MEMBERS OF THE ABOVE. TWO ADDITIONAL DIRECTORS REPRESENTING THE INSURANCE INDUSTRY SHALL BE ELECTED, BY MAJORITY VOTE OF THE FOUR INDUSTRY MEMBERS OF THE GOVERNING COMMITTEE. THE FOUR NON-INSURANCE INDUSTRY AFFILIATED PERSONS AND THE ILLINOIS LICENSED PRODUCER SHALL BE APPOINTED TO THE GOVERNING COMMITTEE BY THE ILLINOIS DIRECTOR OF INSURANCE. FINALLY, THE GOVERNING COMMITTEE ANNUALLY ELECTS A CHAIRMAN AND VICE-CHAIRMAN, AND MAY ELECT ADDITIONAL OFFICERS, INCLUDING A SECRETARY. ALL SUCH OFFICERS ARE ELECTED BY MAJORITY VOTE OF THOSE MEMBERS PRESENT AT THE MEETING AND THEY WILL BE MEMBERS OF THE GOVERNING COMMITTEE. SIX MEMBERS OF THE GOVERNING COMMITTEE SHALL CONSTITUTE A QUORUM. EACH MEMBER PRESENT AT THE MEETING SHALL BE ENTITLED TO ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B AS STATED IN THE ARTICLES OF ASSOCIATION, THE GOVERNING COMMITTEE HAS RESPONSIBILITY FOR THE ADMINISTRATION OF THE ASSOCIATION; IT MAY ADOPT AND PROMULGATE SUCH RULES AND ESTABLISH SUCH COMMITTEES AND SUBCOMMITTEES AS MAY BE NECESSARY TO CARRY OUT THE PURPOSES OF THE ASSOCIATION. THE PRESIDENT AND OTHER MANAGEMENT EMPLOYEES DESIGNATED BY THE GOVERNING COMMITTEE PERFORM THE DUTIES PROVIDED IN THE ARTICLES AND SUCH OTHER DUTIES AS THE GOVERNING COMMITTEE MAY DESIGNATE. THERE WILL BE AN ANNUAL MEETING OF THE MEMBERS ON A DATE AND AT A LOCATION FIXED BY THE GOVERNING COMMITTEE. SPECIAL MEETINGS OF THE MEMBERS MAY ALSO BE CALLED BY THE GOVERNING COMMITTEE AND WILL BE CALLED BY THE GOVERNING COMMITTEE UPON WRITTEN REQUEST TO THE GOVERNING COMMITTEE BY ANY TEN MEMBERS, NONE OF WHICH MAY BE IN A GROUP UNDER THE SAME MANAGEMENT OR OWNERSHIP AS ANY OTHER. THE GOVERNING COMMITTEE WILL FIX THE TIME AND PLACE OF ANY SPECIAL MEETING. AT ANY REGULAR OR SPECIAL MEETING AT WHICH THE VOTE OF THE MEMBERS IS OR MAY BE REQUIRED ON ANY PROPOSAL, INCLUDING AMENDMENT OF THE ARTICLES, OR WITH RESPECT TO ANY VOTE OF THE MEMBERS WHICH MAY BE TAKEN BY MAIL ON ANY PROPOSAL, VOTES WILL BE WEIGHTED ACCORDING TO THE PERCENTAGE THAT EACH MEMBER'S PREMIUMS WRITTEN BEARS TO THE TOTAL OF ALL PREMIUMS WRITTEN BY ALL MEMBERS. A PROPOSAL WILL BECOME EFFECTIVE WHEN APPROVED BY AT LEAST TWO-THIRDS OF THE VOTES, COMPUTED ON THE WEIGHTED BASIS. THE ARTICLES OF ASSOCIATION MAY BE AMENDED BY THE MEMBERS, SUBJECT TO THE APPROVAL OF THE ILLINOIS DIRECTOR OF INSURANCE. ANY PERSON OR MEMBER OF THE ASSOCIATION AGGRIEVED BY ANY RULING, DECISION, ACTION, OR REFUSAL TO ACT ON THE PART OF THE ASSOCIATION MAY APPEAL TO THE GOVERNING COMMITTEE; HOWEVER, THIS RIGHT OF APPEAL DOES NOT APPLY TO DISPUTES CONCERNING COVERAGES, AMOUNTS OF LOSS, OR RELATED DEFENSES. FINALLY, THE GOVERNING COMMITTEE'S DECISION MAY BE APPEALED TO THE ILLINOIS DIRECTOR OF INSURANCE WITHIN 35 DAYS AFTER THE DATE OF THE GOVERNING COMMITTEE'S DECISION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS COMPLETED BY AN INDEPENDENT CPA AND IS THEN REVIEWED BY THE PRESIDENT AND THE EXECUTIVE COMMITTEE BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENT IS COMPLETED ANNUALLY BY ALL COMMITTEE MEMBERS AND EMPLOYEES OF THE ASSOCIATION WITH ANY POTENTIAL CONFLICTS REVIEWED BY THE PRESIDENT, AND THE EXECUTIVE AND COMPENSATION COMMITTEES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS BASED ON A SALARY GRID WITH SPECIFIC SALARY RANGES FOR ALL EMPLOYEES AT THE ASSOCIATION. SALARY RANGES IN PLACE FOR ALL POSITIONS WITHIN THE ASSOCIATION WERE DEVELOPED BASED ON SIMILAR POSITIONS WITHIN THE INDUSTRY AND ARE UPDATED ANNUALLY WITH COST OF LIVING ADJUSTMENTS. A SALARY SURVEY WAS COMPLETED IN 2023 TO CONFIRM ACCURACY. ANNUAL ADJUSTMENTS IN COMPENSATION ARE PROPOSED BY THE APPROPRIATE SUPERVISOR, BASED ON INDUSTRY AVERAGES AND PERFORMANCE, AND APPROVED BY THE PRESIDENT AS WELL AS THE EXECUTIVE AND COMPENSATION COMMITTEE. THE PRESIDENT'S ANNUAL SALARY IS DETERMINED BY THE EXECUTIVE AND COMPENSATION COMMITTEES. FORM 990, PART VI, SECTION C, LINE 19 ASSOCIATION FINANCIAL STATEMENTS ARE MADE AVAILABLE TO MEMBERS THROUGH A PASSWORD PROTECTED WEBSITE WITH GOVERNING DOCUMENTS AND CONFLICT POLICY AVAILABLE UPON REQUEST; AND, BY STATUTE THE FINANCIALS ARE PUBLISHED IN TWO MAJOR ILLINOIS NEWSPAPERS ANNUALLY. FORM 990, PART XI, LINE 9: CHANGE IN UNRECOGNIZED PENSION AND POSTRETIREMENT BENEFITS 520,307. CHANGE IN NONADMITTED ASSETS 23,102. ASSESSMENT OF MEMBER COMPANIES -208,760. IFPA RETIREE VEBA TRUST PO BOX 849 TINLEY PARK IL 60477 326528294 RETIREE MEDICAL EXPENSE REIMBURSEMENTS IL 501(C)(9) ILLINOIS FAIR PLAN ASSOCIATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0