Nonprofit · EIN 34-1112111
INSURANCE GUARANTY ASSOCIATIONS
Tax-exempt · DUBLIN, OH 43017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,404,044 | $1,947,868 | -$543,824 | $20,308,846 | $135,477 | $20,173,369 |
| December 31, 2023 | 990 | $1,166,678 | $2,810,855 | -$1,644,177 | $20,866,631 | $217,012 | $20,649,619 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $488,461
- Investment income
- $912,956
- Other revenue
- $2,627
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $93,270
- Other salaries and wages
- $121,225
- Salaries, compensation and benefits (total)
- $292,429
- Professional fundraising fees
- $0
- Legal fees
- $17,264
- Accounting fees
- $9,534
- Occupancy
- $27,426
- Travel
- $1,018
- Depreciation
- $20,790
Balance sheet and other
- Total assets, start of year
- $20,866,631
- Total assets, end of year
- $20,308,846
- Total liabilities, end of year
- $135,477
- Net assets, end of year
- $20,173,369
- Land, buildings and equipment
- $24,293
- Publicly traded securities
- $19,662,172
- Net assets without donor restrictions
- $20,173,369
- Gross receipts
- $1,404,044
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1974
- State of legal domicile
- OH
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 | Other / benefits |
|---|---|---|---|---|
| SONNI PETERSON | PRESIDENT Officer | 14 | $250,364 | $81,150 |
| CHARLES WILSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARK SCHLOEMER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM MCGEE JR | SECRETARY/ TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRADLEY CORSO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ERIN FOWLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| PATRICK FOLTYN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| BETH W MURPHY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SONNI PETERSON | PRESIDENT Officer | 14 | $239,982 | $25,630 |
| CHARLES WILSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARK SCHLOEMER | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM MCGEE JR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LAVAWN COLEMAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| BRADLEY CORSO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ERIN FOWLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| PATRICK FOLTYN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 485 METRO PL S STE 270, DUBLIN, OH 43017-7325
- Principal officer (990 for 2024)
- SONNI PETERSON, 485 METRO PLACE SOUTH 270, DUBLIN, OH 43017
- Signed the 990
- SONNI PETERSON, PRESIDENT
- Phone
- (614) 442-6601
- Website
- OHIOGA.ORG
- Return prepared by
- MALONEY NOVOTNY LLC
Mission
THE MISSION OF THE OHIO INSURANCE GUARANTY ASSOCIATION IS TO PROVIDE A LEVEL OF PROTECTION FOR CERTAIN POLICY HOLDERS AND CLAIMANTS AGAINST THE INSOLVENCY OF AN INSURANCE COMPANY LICENSED TO SELL THOSE TYPES OF POLICIES IN OHIO WHEN THE COMPANY IS PLACED INTO LIQUIDATION.
Program accomplishments
- THE OHIO INSURANCE GUARANTY ASSOCIATION (OIGA) IS AN UNINCORPORATED NON-PROFIT ASSOCIATION ORGANIZED PURSUANT TO PROVISIONS OF THE OHIO INSURANCE GUARANTY ASSOCIATION ACT (THE "ACT") CONTAINED IN THE OHIO REVISED CODE. OIGA IS COMPRISED OF EVERY INSURER LICENSED TO TRANSACT INSURANCE IN OHIO AND WRITING ONE OR MORE KINDS OF INSURANCE INCLUDED WITHIN SECTION 3955.05 OF THE OHIO REVISED CODE. THE PRINCIPAL RESPONSIBILITIES OF OIGA IS TO PAY COVERED CLAIMS OF INSOLVENT INSURERS (AS DEFINED IN THE ACT), AND TO PROVIDE A MECHANISM FOR ASSESSMENT OF MEMBER INSURERS TO ACCOMPLISH CLAIM SETTLEMENT.
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
- 34-1112111
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $20,308,846
- Income (IRS master file)
- $1,404,044
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,404,044 | $1,947,868 | $20,308,846 | XML |
| 990 | December 2023 | $1,166,678 | $2,810,855 | $20,866,631 | XML |
| 990 | December 2022 | $380,341 | $2,089,367 | $22,280,994 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 34-1112111).
Questions about INSURANCE GUARANTY ASSOCIATIONS
- What is the EIN of INSURANCE GUARANTY ASSOCIATIONS?
- The employer identification number (EIN) of INSURANCE GUARANTY ASSOCIATIONS is 34-1112111.
- Is INSURANCE GUARANTY ASSOCIATIONS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1974.
- Are donations to INSURANCE GUARANTY ASSOCIATIONS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INSURANCE GUARANTY ASSOCIATIONS 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 INSURANCE GUARANTY ASSOCIATIONS 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 INSURANCE GUARANTY ASSOCIATIONS 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 INSURANCE GUARANTY ASSOCIATIONS?
- The 990 for the year ended December 31, 2024 names SONNI PETERSON.
- Who are the officers and directors of INSURANCE GUARANTY ASSOCIATIONS?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $250,364 (SONNI PETERSON, PRESIDENT).
- How much revenue does INSURANCE GUARANTY ASSOCIATIONS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,404,044, expenses of $1,947,868 and total assets of $20,308,846 at year end.
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