Nonprofit · EIN 45-3635388
GUARANTY ASSOCIATION BENEFITS COMPANY
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $54,747,905 | $36,556,211 | $18,191,694 | $1,152,263,247 | $976,562,295 | $175,700,952 |
| December 31, 2024 | 990 | $57,727,856 | $46,019,214 | $11,708,642 | $1,263,433,280 | $1,105,635,842 | $157,797,438 |
| December 31, 2023 | 990 | $59,125,067 | $51,896,875 | $7,228,192 | $1,367,048,132 | $1,221,349,521 | $145,698,611 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $54,747,905
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $490,331
- Salaries, compensation and benefits (total)
- $490,331
- Professional fundraising fees
- $0
- Legal fees
- $1,318,671
- Accounting fees
- $416,955
- Travel
- $2,423
Balance sheet and other
- Total assets, start of year
- $1,263,433,280
- Total assets, end of year
- $1,152,263,247
- Total liabilities, end of year
- $976,562,295
- Net assets, end of year
- $175,700,952
- Publicly traded securities
- $1,116,282,035
- Gross receipts
- $2,889,571,801
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2011
- State of legal domicile
- DC
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 | Other / benefits |
|---|---|---|---|---|
| LYNDA G LOOMIS | VICE PRESIDENT OPERATIONS Officer | 23 | $462,954 | $0 |
| KATHARINE L WADE | DIRECTOR, PRESIDENT Trustee or director, Officer | 1 | $15,887 | $1,427 |
| MICHAEL MCDONALD | SPECIAL COUNSEL Officer | 1 | $7,821 | $2,242 |
| JAMES F DONNELLAN | DIRECTOR-MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| JOHN E DEITELBAUM | DIRECTOR-MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| GERMAINE L MARKS | DIRECTOR-MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| JOHN C COLPEAN | DIRECTOR, CHAIRMAN Trustee or director, Officer | 12 | $0 | $0 |
| ERIK A ANDERSON | DIRECTOR - MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| AMANDA BARBERA | DIRECTOR - MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| G THOMAS SULLIVAN | SECRETARY Officer | 10 | $0 | $0 |
| PAMELA E OLSEN | TREASURER Officer | 10 | $0 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYNDA G LOOMIS | VICE PRESIDENT OPERATIONS Officer | 23 | $471,350 | $0 |
| KATHERINE L WADE | DIRECTOR, PRESIDENT Trustee or director, Officer | 1 | $20,309 | $972 |
| MICHAEL MCDONALD | SPECIAL COUNSEL Officer | 1 | $11,127 | $532 |
| JAMES F DONNELLAN | DIRECTOR-MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| JOHN E DEITELBAUM | DIRECTOR-MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| GERMAINE L MARKS | DIRECTOR-MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| JOHN C COLPEAN | DIRECTOR, CHAIRMAN Trustee or director, Officer | 12 | $0 | $0 |
| ERIK A ANDERSON | DIRECTOR - MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| MAGARET SPERRY THRU 100824 | DIRECTOR - MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| AMANDA BARBERA EFF 100924 | DIRECTOR - MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| G THOMAS SULLIVAN | SECRETARY Officer | 10 | $0 | $0 |
| PAMELA E OLSEN | TREASURER Officer | 10 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYNDA G LOOMIS | VICE PRESIDENT OPERATIONS Officer | 23 | $383,600 | $0 |
| PETER G GALLANIS THRU 82223 | DIRECTOR, PRESIDENT Trustee or director, Officer | 10 | $54,807 | $3,755 |
| KATHERINE L WADE EFF 82323 | DIRECTOR, PRESIDENT Trustee or director, Officer | 10 | $3,226 | $14 |
| JAMES F DONNELLAN | DIRECTOR-MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| JOHN E DEITELBAUM | DIRECTOR-MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| GERMAINE L MARKS | DIRECTOR-MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| JOHN C COLPEAN | DIRECTOR, CHAIRMAN Trustee or director, Officer | 12 | $0 | $0 |
| ERIK A ANDERSON | DIRECTOR - MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| MAGARET SPERRY | DIRECTOR - MEMBER ELECTED Trustee or director | 1 | $0 | $0 |
| G THOMAS SULLIVAN | SECRETARY Officer | 10 | $0 | $0 |
| PAMELA E OLSEN | TREASURER Officer | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- FAEGRE DRINKER 1500 K ST NW 1100, WASHINGTON, DC 20005-0000
- In care of
- % LYNDA G LOOMIS
- Principal officer (990 for 2025)
- LYNDA LOOMIS, FAEGRE DRINKER 1500 K ST NW 1100, WASHINGTON, DC 20005
- Signed the 990
- LYNDA LOOMIS, VICE PRES OPERATIONS
- Phone
- (202) 802-1917
- Website
- WWW.GABENEFITSCO.COM
- 990-N for 2013 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: PETER G GALLANIS, 13873 PARK CENTER ROAD STE 329, HERNDON VA 20171. Mailing address: 300 N MERIDIAN STE 2700, INDIANAPOLIS IN 46204.
- Return prepared by
- EISNER ADVISORY GROUP LLC
Mission
THE ORGANIZATION OPERATES TO PROTECT, IN ACCORDANCE WITH A COURT-APPROVED LIQUIDATION PLAN, INDIVIDUALS RELYING UPON ANNUITIES ISSUED BY INSOLVENT EXECUTIVE LIFE INSURANCE COMPANY OF NEW YORK, IN FURTHERANCE OF THE COMMON INTERESTS OF THE STATE GUARANTY ASSOCIATIONS AND THEIR MEMBERS.
Program accomplishments
- THE ORGANIZATION OPERATES TO PROTECT, IN ACCORDANCE WITH A COURT-APPROVED LIQUIDATION PLAN, INDIVIDUALS RELYING UPON ANNUITIES ISSUED BY INSOLVENT EXECUTIVE LIFE INSURANCE COMPANY OF NEW YORK ("ELNY"), IN FURTHERANCE OF THE COMMON INTERESTS OF THE STATE GUARANTY ASSOCIATIONS AND THEIR MEMBERS. THE ORGANIZATION'S OBLIGATIONS COMMENCED ON AUGUST 8, 2013, WHEN THE ORDER OF LIQUIDATION AGAINST ELNY BECAME EFFECTIVE. THE ORGANIZATION MET ITS OBLIGATIONS IN 2025 BY PROVIDING ANNUITY BENEFIT PAYMENTS IN THE AMOUNTS SET FORTH ABOVE.Expenses $88,949,421
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
- 45-3635388
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $1,152,263,247
- Income (IRS master file)
- $2,889,571,801
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $54,747,905 | $36,556,211 | $1,152,263,247 | XML |
| 990 | December 2024 | $57,727,856 | $46,019,214 | $1,263,433,280 | XML |
| 990 | December 2023 | $59,125,067 | $51,896,875 | $1,367,048,132 | XML |
| 990 | December 2022 | $54,760,541 | $44,795,640 | $1,517,979,734 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: PETER G GALLANIS Filed under this EIN, most likely by a chapter or affiliate | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
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 45-3635388).
Questions about GUARANTY ASSOCIATION BENEFITS COMPANY
- What is the EIN of GUARANTY ASSOCIATION BENEFITS COMPANY?
- The employer identification number (EIN) of GUARANTY ASSOCIATION BENEFITS COMPANY is 45-3635388.
- Is GUARANTY ASSOCIATION BENEFITS COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2011.
- Are donations to GUARANTY ASSOCIATION BENEFITS COMPANY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GUARANTY ASSOCIATION BENEFITS COMPANY 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 GUARANTY ASSOCIATION BENEFITS COMPANY 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 GUARANTY ASSOCIATION BENEFITS COMPANY 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 GUARANTY ASSOCIATION BENEFITS COMPANY?
- The 990 for the year ended December 31, 2025 names LYNDA LOOMIS.
- Who are the officers and directors of GUARANTY ASSOCIATION BENEFITS COMPANY?
- The 990 for the year ended December 31, 2025 lists 11 people; 3 received compensation from the organization, the highest $462,954 (LYNDA G LOOMIS, VICE PRESIDENT OPERATIONS).
- How much revenue does GUARANTY ASSOCIATION BENEFITS COMPANY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $54,747,905, expenses of $36,556,211 and total assets of $1,152,263,247 at year end.
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