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Nonprofit · EIN 46-0418983

SOUTH DAKOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION

Tax-exempt · SIOUX FALLS, SD 57104

Financials

$2.8M$501K2023$6.1M$541K2024
Revenue Expenses · by fiscal year end
Financials of SOUTH DAKOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,142,025$541,185$5,600,840$9,139,033$0$9,139,033
December 31, 2023990$2,821,369$501,111$2,320,258$3,538,193$0$3,538,193
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$5,986,157
Investment income
$155,868
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$301,313
Accounting fees
$24,633
Travel
$10,718

Balance sheet and other

Total assets, start of year
$3,538,193
Total assets, end of year
$9,139,033
Total liabilities, end of year
$0
Net assets, end of year
$9,139,033
Publicly traded securities
$2,989,446
Net assets without donor restrictions
$9,139,033
Gross receipts
$6,142,025
Employees
0
Volunteers
8
Year formed
1989
State of legal domicile
SD

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.

NameTitleHours / weekCompensation
ROBERT CORN - MUTUAL OF OMAHACHAIRPERSON
Trustee or director, Officer
2$0
JAMES HARRISON - PRINCIPAL LIFEVICE CHAIR
Trustee or director, Officer
1$0
CHRISTA KUENNEN - WELLMARK OF SDSECRETARY/TREASURER
Trustee or director, Officer
1$0
ALEX D'AGOSTINO - NEW YORK LIFEDIRECTOR
Trustee or director
1$0
EDWARD DONAHUE - AMER FAMILY LIFEASSURANCE CO. OF COLUMBUS DIRECTOR
Trustee or director
1$0
PAULA MINELLA - RIVERSOURCE LIFEDIRECTOR
Trustee or director
1$0
ERIC DUPONT - THE GUARDIAN LIFEDIRECTOR
Trustee or director
1$0
JESSICA DEWALD-SEVER - AMER MEMORIALIFE INSURANCE CO. DIRECTOR
Trustee or director
1$0
CHARLES D GULLICKSONEXECUTIVE DIRECTOR
Officer
17$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
ROBERT CORN - MUTUAL OF OMAHACHAIRPERSON
Trustee or director, Officer
2$0
JAMES HARRISON - PRINCIPAL LIFEVICE CHAIR
Trustee or director, Officer
1$0
CHRISTA KUENNEN - WELLMARK OF SDSECRETARY/TREASURER
Trustee or director, Officer
1$0
ALEX D'AGOSTINO - NEW YORK LIFEDIRECTOR
Trustee or director
1$0
EDWARD DONAHUE - AMERICAN FAMILYDIRECTOR
Trustee or director
1$0
PAULA MINELLA - RIVERSOURCE LIFEDIRECTOR
Trustee or director
1$0
ERIC DUPONT - THE GUARDIAN LIFEDIRECTOR
Trustee or director
1$0
JESSICA DEWALD-SEVER - AMER MEMORIADIRECTOR
Trustee or director
1$0
CHARLES D GULLICKSONEXECUTIVE DIRECTOR
Officer
14$0

Address and contacts

Address (IRS master file)
206 W 14TH ST, SIOUX FALLS, SD 57104-6858
In care of
% LAWRENCE L PIERSOL
Principal officer (990 for 2024)
CHARLES GULLICKSON, 206 W 14TH ST, SIOUX FALLS, SD 57104
Signed the 990
CHARLES GULLICKSON, EXECUTIVE DIRECTOR
Phone
(605) 336-2880
Return prepared by
EIDE BAILLY LLP

Mission

THE PURPOSE OF THE ASSOCIATION IS TO PROTECT RESIDENTS OF SOUTH DAKOTA, AND OTHERS UNDER CERTAIN CIRCUMSTANCES, AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS UNDER LIFE AND HEALTH INSURANCE POLICIES AND ANNUITY CONTRACTS BECAUSE OF THE IMPAIRMENT OR INSOLVENCY OF A MEMBER INSURER THAT ISSUED SUCH POLICIES OR CONTRACTS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE SOUTH DAKOTA LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION (THE "ASSOCIATION") WAS CREATED IN SEPTEMBER 1989 AS A NON-PROFIT LEGAL ENTITY UNDER SDCL CHAPTER 58-29C OF THE SOUTH DAKOTA CODE. THE ASSOCIATION PERFORMS ITS FUNCTIONS UNDER A PLAN OF OPERATION ESTABLISHED AND APPROVED UNDER SDCL 58-29C-53 AND EXERCISES ITS POWERS THROUGH A BOARD OF DIRECTORS. THE ASSOCIATION CONSISTS OF MEMBER INSURERS THAT ARE AUTHORIZED TO TRANSACT LIFE, ANNUITY, OR ACCIDENT AND HEALTH INSURANCE IN THE STATE OF SOUTH DAKOTA. ALL MEMBER INSURERS SHALL BE AND REMAIN MEMBERS OF THE ASSOCIATION AS A CONDITION OF THE INSURERS' AUTHORITY TO TRANSACT INSURANCE IN SOUTH DAKOTA. THE ASSOCIATION WAS ESTABLISHED TO PROVIDE BENEFITS TO POLICY OWNERS OF ANNUITY, LIFE, ACCIDENT AND HEALTH, AND SUPPLEMENTAL POLICIES OR CONTRACTS OF IMPAIRED OR INSOLVENT INSURER MEMBERS.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-0418983
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$9,139,033
Income (IRS master file)
$6,142,025

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,142,025$541,185$9,139,033XML
990December 2023$2,821,369$501,111$3,538,193XML
990December 2022$7,789,068$7,310,599$1,217,935IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 46-0418983).

Questions about SOUTH DAKOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION

What is the EIN of SOUTH DAKOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
The employer identification number (EIN) of SOUTH DAKOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION is 46-0418983.
Is SOUTH DAKOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
Which annual return does SOUTH DAKOTA 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 SOUTH DAKOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION 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 SOUTH DAKOTA 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 2024.
Who is the principal officer of SOUTH DAKOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
The 990 for the year ended December 31, 2024 names CHARLES GULLICKSON.
Who are the officers and directors of SOUTH DAKOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does SOUTH DAKOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,142,025, expenses of $541,185 and total assets of $9,139,033 at year end.

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