Nonprofit · EIN 46-6035349
SOUTH DAKOTA INSURANCE GUARANTY ASSOCIATION
Tax-exempt · SIOUX FALLS, SD 57104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $567,718 | $1,127,039 | -$559,321 | $7,299,419 | $0 | $7,299,419 |
| December 31, 2023 | 990 | $334,193 | $1,466,158 | -$1,131,965 | $7,858,740 | $0 | $7,858,740 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $415,671
- Investment income
- $152,047
- Net gain from sales of assets
- $72,595
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $210,390
- Accounting fees
- $23,152
Balance sheet and other
- Total assets, start of year
- $7,858,740
- Total assets, end of year
- $7,299,419
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,299,419
- Net assets without donor restrictions
- $7,299,419
- Gross receipts
- $4,338,568
- Employees
- 0
- Volunteers
- 7
- Year formed
- 1970
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM DAVIDSON | CHAIRMAN Trustee or director, Officer | 4 | $0 |
| STEVE BRUNING | TREASURER Trustee or director, Officer | 1 | $0 |
| MELVIN JURAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| JEFF JONES | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN BOWKER | DIRECTOR Trustee or director | 1 | $0 |
| ROB HOVLAND | DIRECTOR Trustee or director | 1 | $0 |
| ANN PAR | DIRECTOR Trustee or director | 1 | $0 |
| EDWIN EVANS | MANAGING SECRETARY Officer | 4 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM DAVIDSON | CHAIRMAN Trustee or director, Officer | 4 | $0 |
| STEVE BRUNING | TREASURER Trustee or director, Officer | 1 | $0 |
| MELVIN JURAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| JEFF JONES | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN BOWKER | DIRECTOR Trustee or director | 1 | $0 |
| ROB HOVLAND | DIRECTOR Trustee or director | 1 | $0 |
| ANN PAR | DIRECTOR FROM 07/2023 Trustee or director | 1 | $0 |
| EDWIN EVANS | MANAGING SECRETARY Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 225 E 11TH ST STE 201, SIOUX FALLS, SD 57104-6482
- In care of
- % INSURANCE DEPARTMENT
- Principal officer (990 for 2024)
- JIM DAVIDSON, 225 EAST 11TH ST 201, SIOUX FALLS, SD 57104
- Signed the 990
- EDWIN EVANS, MANAGING SECRETARY
- Phone
- (605) 275-9599
- Website
- SDAKOTA.NCIGF.ORG
- Return prepared by
- EIDE BAILLY LLP
Mission
THE SOUTH DAKOTA INSURANCE GUARANTY ASSOCIATION WAS FORMED TO PROVIDE BENEFITS TO INSURANCE POLICY HOLDERS OF PROPERTY, CASUALTY, WORKMEN'S COMPENSATION, AND AUTOMOBILE LIABILITY POLICIES, IN THE EVENT SUCH AN INSURANCE COMPANY THAT DOES BUSINESS IN SOUTH DAKOTA BECOMES INSOLVENT.
Program accomplishments
- FROM ITS INCEPTION IN 1970 THROUGH DECEMBER 31, 2024, THE ASSOCIATION HAS PAID $28.7 MILLION TO OR ON BEHALF OF HOLDERS OF COVERED CLAIMS AGAINST INSOLVENT AUTOMOBILE, WORKERS' COMPENSATION AND PROPERTY AND CASUALTY INSURERS WHO TRANSACTED BUSINESS IN THE STATE OF SOUTH DAKOTA. THE ASSOCIATION HAS ALSO REFUNDED $1.8 MILLION IN UNEARNED PREMIUM TO POLICYHOLDERS OF THOSE INSOLVENT INSURERS.
What it must file and when
IRS records say it files Not required (state instrumentality). 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
- 46-6035349
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Not required (state instrumentality)
- Assets (IRS master file)
- $7,299,419
- Income (IRS master file)
- $4,338,568
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $567,718 | $1,127,039 | $7,299,419 | XML |
| 990 | December 2023 | $334,193 | $1,466,158 | $7,858,740 | XML |
| 990 | December 2022 | $177,209 | $306,307 | $8,990,705 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 46-6035349).
Questions about SOUTH DAKOTA INSURANCE GUARANTY ASSOCIATION
- What is the EIN of SOUTH DAKOTA INSURANCE GUARANTY ASSOCIATION?
- The employer identification number (EIN) of SOUTH DAKOTA INSURANCE GUARANTY ASSOCIATION is 46-6035349.
- Is SOUTH DAKOTA INSURANCE GUARANTY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1973.
- Are donations to SOUTH DAKOTA INSURANCE GUARANTY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTH DAKOTA INSURANCE GUARANTY ASSOCIATION file?
- Form Not required (state instrumentality).
- When is the next return of SOUTH DAKOTA 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 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 INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2024 names JIM DAVIDSON.
- Who are the officers and directors of SOUTH DAKOTA INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does SOUTH DAKOTA INSURANCE GUARANTY ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $567,718, expenses of $1,127,039 and total assets of $7,299,419 at year end.
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