Nonprofit · EIN 22-3165596
NEW JERSEY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION
Tax-exempt · LINCROFT, NJ 07738
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $17,656,971 | $7,197,183 | $10,459,788 | $47,608,296 | $0 | $47,608,296 |
| December 31, 2024 | 990 | $33,228,793 | $38,322,309 | -$5,093,516 | $37,148,508 | $0 | $37,148,508 |
| December 31, 2023 | 990 | $23,862,082 | $947,011 | $22,915,071 | $42,242,024 | $0 | $42,242,024 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,664,347
- Other revenue
- $15,992,624
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $150,800
- Other salaries and wages
- $59,280
- Salaries, compensation and benefits (total)
- $260,573
- Professional fundraising fees
- $0
- Legal fees
- $93,411
- Accounting fees
- $19,242
- Occupancy
- $25,603
- Travel
- $30,283
Balance sheet and other
- Total assets, start of year
- $37,148,508
- Total assets, end of year
- $47,608,296
- Total liabilities, end of year
- $0
- Net assets, end of year
- $47,608,296
- Publicly traded securities
- $14,811,656
- Net assets without donor restrictions
- $47,608,296
- Gross receipts
- $17,656,971
- Employees
- 2
- Year formed
- 1991
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Felix Schirripa | Executive Director Officer | 20 | $150,800 |
| NY Life Insurance R Bowman | Chair Trustee or director | 1 | $0 |
| United Healthcare Ins Co K Ericson | Vice-Chair Trustee or director | 1 | $0 |
| Prudential Financial R Quigley | Secretary Trustee or director | 1 | $0 |
| MassMutual E Weinstein | Treasurer Trustee or director | 1 | $0 |
| Lincoln Life Annuity Co R Gabriel | Director Trustee or director | 1 | $0 |
| John Hancock Life Ins Co T Crohan | Director Trustee or director | 1 | $0 |
| Horizon Healthcare Services A Walke | Director Trustee or director | 1 | $0 |
| Metropolitan Life Ins Co K Cutry | Director Trustee or director | 1 | $0 |
| Everlake Life Ins Co S Ekart | Director Trustee or director | 1 | $0 |
| AmeriHealth HMO Inc A Young | Director Trustee or director | 1 | $0 |
| Aetna Health Inc R Healy | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Felix Schirripa | Executive Director Officer | 20 | $145,000 |
| NY Life Insurance R Bowman | Chair Trustee or director | 1 | $0 |
| United Healthcare Ins Co K Ericson | Vice-Chair Trustee or director | 1 | $0 |
| Prudential Financial R Quigley | Secretary Trustee or director | 1 | $0 |
| MassMutual E Weinstein | Treasurer Trustee or director | 1 | $0 |
| Lincoln Life Annuity Co R Gabriel | Director Trustee or director | 1 | $0 |
| John Hancock Life Ins Co T Crohan | Director Trustee or director | 1 | $0 |
| Horizon Healthcare Services A Walke | Director Trustee or director | 1 | $0 |
| Metropolitan Life Ins Co K Cutry | Director Trustee or director | 1 | $0 |
| Everlake Life Ins Co S Ekart | Director Trustee or director | 1 | $0 |
| AmeriHealth HMO Inc A Young | Director Trustee or director | 1 | $0 |
| Aetna Health Inc R Healy | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Felix Schirripa | Executive Director Officer | 20 | $140,000 |
| NY Life Insurance D Wheeler | Chair Trustee or director | 1 | $0 |
| United Healthcare Ins Co K Ericson | Vice-Chair Trustee or director | 1 | $0 |
| Lincoln Life Annuity Co R Sheppard | Secretary Trustee or director | 1 | $0 |
| MassMutual E Weinstein | Treasurer Trustee or director | 1 | $0 |
| Prudential Financail B Quigley | Director Trustee or director | 1 | $0 |
| John Hancock Life Ins Co T Crohan | Director Trustee or director | 1 | $0 |
| Horizon Healthcare Services A Walke | Director Trustee or director | 1 | $0 |
| Metropolitan Life Ins Co K Cutry | Director Trustee or director | 1 | $0 |
| Everlake Life Ins Co S Ekart | Director Trustee or director | 1 | $0 |
| AmeriHealth HMO Inc A Young | Director Trustee or director | 1 | $0 |
| Aetna Health Inc R Healy | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 521 NEWMAN SPRINGS RD, LINCROFT, NJ 07738-1463
- Principal officer (990 for 2025)
- Felix Schirripa, 521 Newman Springs Road STE Suite 2, Lincroft, NJ 07738
- Signed the 990
- Felix Schirripa, Executive Director
- Phone
- (732) 345-5200
- Website
- NJLIFEGA.ORG
Mission
The NJ Life Health Insurance Guaranty Association was established by statute to provide certain protections to policyholders of impaired or insolvent insurers in accordance with NJ Statute 17B32A-1, et seq.
Program accomplishments
- The Association made payments to provide certain protections to policyholders of impaired or insolvent insurers in accordance with NJ Statute 17B32A-1, et seq.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3165596
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $47,608,296
- Income (IRS master file)
- $17,656,971
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $17,656,971 | $7,197,183 | $47,608,296 | XML |
| 990 | December 2024 | $33,228,793 | $38,322,309 | $37,148,508 | XML |
| 990 | December 2023 | $23,862,082 | $947,011 | $42,242,024 | XML |
| 990 | December 2022 | $131,716 | $23,086,288 | $19,326,953 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3165596).
Questions about NEW JERSEY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION
- What is the EIN of NEW JERSEY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
- The employer identification number (EIN) of NEW JERSEY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION is 22-3165596.
- Is NEW JERSEY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1994.
- Are donations to NEW JERSEY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW JERSEY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW JERSEY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW JERSEY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NEW JERSEY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2025 names Felix Schirripa.
- Who are the officers and directors of NEW JERSEY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $150,800 (Felix Schirripa, Executive Director).
- How much revenue does NEW JERSEY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $17,656,971, expenses of $7,197,183 and total assets of $47,608,296 at year end.
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