Nonprofit · EIN 26-1262665
DMG INSURANCE COMPANY INC
Tax-exempt · PHOENIX, AZ 85016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,823,506 | $2,281,690 | $2,541,816 | $33,556,968 | $14,900,581 | $18,656,387 |
| December 31, 2023 | 990 | $5,081,195 | $1,678,978 | $3,402,217 | $29,342,490 | $13,311,978 | $16,030,512 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,770,400
- Investment income
- $1,053,106
- Net gain from sales of assets
- $58
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $22,637
- Program services (functional)
- $2,119,709
- Management and general (functional)
- $161,981
Balance sheet and other
- Total assets, start of year
- $29,342,490
- Total assets, end of year
- $33,556,968
- Total liabilities, end of year
- $14,900,581
- Net assets, end of year
- $18,656,387
- Publicly traded securities
- $5,888,819
- Gross receipts
- $24,048,448
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2007
- State of legal domicile
- AZ
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR KOTE CHUNDU | CHAIRMAN OF THE BOARD Trustee or director | 0.3 | $0 | $1,427,352 | $99,198 |
| DR DANIEL GRIDLEY | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $755,643 | $94,323 |
| CRAIG JONES | PRESIDENT, CEO & TREASURER Trustee or director, Officer | 0.5 | $0 | $332,004 | $65,542 |
| PATRICIA BAYLESS | SECRETARY Trustee or director, Officer | 0.3 | $0 | $234,784 | $84,422 |
| YVONNE MASTERS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $141,827 | $21,235 |
| DENISE ATWOOD | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $24,465 | $2,657 |
| PHYLLIS BIEDESS | BOARD MEMBER Trustee or director | 0.1 | $0 | $15,480 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR KOTE CHUNDU | CHAIRMAN OF THE BOARD Trustee or director | 0.3 | $0 | $1,419,602 | $99,826 |
| DR DANIEL GRIDLEY | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $665,428 | $94,708 |
| CRAIG JONES | PRESIDENT, CEO & TREASURER Trustee or director, Officer | 0.5 | $0 | $294,887 | $66,036 |
| PATRICIA BAYLESS | SECRETARY Trustee or director, Officer | 0.3 | $0 | $194,277 | $81,206 |
| DENISE ATWOOD | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $186,454 | $23,455 |
| PHYLLIS BIEDESS | BOARD MEMBER Trustee or director | 0.1 | $0 | $16,620 | $0 |
Address and contacts
- Address (IRS master file)
- 2929 E THOMAS RD, PHOENIX, AZ 85016-8034
- Principal officer (990 for 2024)
- CRAIG JONES, 2929 E THOMAS ROAD, PHOENIX, AZ 85016
- Signed the 990
- CRAIG JONES, PRESIDENT
- Phone
- (602) 470-5000
- Return prepared by
- CBIZ ADVISORS LLC
Mission
DMG INSURANCE IS ORANIZED AND OPERATED AS A SUPPORTING ORGANIZATION TO DISTRICT MEDICAL GROUP, INC.
Program accomplishments
- DMG INSURANCE IS ORGANIZED AND OPERATED AS A SUPPORTING ORGANIZATION TO DISTRICT MEDICAL GROUP, INC.DMG INSURANCE PROVIDES MEDICAL PROFESSIONAL LIABILITY COVERAGE FOR THE PHYSICIANS AND PROFESSIONAL STAFF OF DISTRICT MEDICAL GROUP, INC. DMG INSURANCE ALSO PROVIDES GENERAL LIABILITY COVERAGE TO DISTRICT MEDICAL GROUP.Expenses $2,119,709 · revenue $3,770,400
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 | Not 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
- 26-1262665
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E11)
- Assets (IRS master file)
- $33,556,968
- Income (IRS master file)
- $24,048,448
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,823,506 | $2,281,690 | $33,556,968 | XML |
| 990 | December 2023 | $5,081,195 | $1,678,978 | $29,342,490 | XML |
| 990 | December 2022 | $4,053,839 | $2,613,639 | $25,651,703 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 26-1262665).
Questions about DMG INSURANCE COMPANY INC
- What is the EIN of DMG INSURANCE COMPANY INC?
- The employer identification number (EIN) of DMG INSURANCE COMPANY INC is 26-1262665.
- Is DMG INSURANCE COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to DMG INSURANCE COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does DMG INSURANCE COMPANY INC 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 DMG INSURANCE COMPANY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DMG INSURANCE COMPANY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DMG INSURANCE COMPANY INC?
- The 990 for the year ended December 31, 2024 names CRAIG JONES.
- Who are the officers and directors of DMG INSURANCE COMPANY INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does DMG INSURANCE COMPANY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,823,506, expenses of $2,281,690 and total assets of $33,556,968 at year end.
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