Nonprofit · EIN 58-1391591
GEORGIA INSURERS INSOLVENCY POOL
Also known as GA INSURANCE COMMISSIONER OFFICE
Tax-exempt · DULUTH, GA 30096
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $17,431,629 | $7,648,412 | $9,783,217 | $152,320,722 | $0 | $152,320,722 |
| December 31, 2024 | 990 | $5,545,038 | $7,997,469 | -$2,452,431 | $142,537,505 | $0 | $142,537,505 |
| December 31, 2023 | 990 | $6,924,334 | $8,621,672 | -$1,697,338 | $144,989,936 | $0 | $144,989,936 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $11,329,365
- Investment income
- $6,102,264
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $5,651,431
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $87,281
- Accounting fees
- $24,400
Balance sheet and other
- Total assets, start of year
- $142,537,505
- Total assets, end of year
- $152,320,722
- Total liabilities, end of year
- $0
- Net assets, end of year
- $152,320,722
- Publicly traded securities
- $148,764,429
- Net assets without donor restrictions
- $152,320,722
- Gross receipts
- $17,431,629
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1970
- State of legal domicile
- GA
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 |
|---|---|---|---|
| Jacqueline M Schaendorf | Chairman Trustee or director, Officer | 0.1 | $0 |
| Cheri Svehla | Vice-Chair Trustee or director, Officer | 0.1 | $0 |
| Scott Mcdonough | Director Trustee or director | 0.1 | $0 |
| Gary Willis | Director Trustee or director | 0.1 | $0 |
| Bill Prather as of October 2025 | Director Trustee or director | 0.1 | $0 |
| Kristen Essig | Director Trustee or director | 0.1 | $0 |
| Nancy Allen | Director Trustee or director | 0.1 | $0 |
| Raymond G Waugh thru October 2025 | Director Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jacqueline M Schaendorf | Chairman Trustee or director, Officer | 0.1 | $0 |
| Scott Mcdonough | Vice-Chair Trustee or director, Officer | 0.1 | $0 |
| Gary Willis | Director Trustee or director | 0.1 | $0 |
| Raymond Waugh | Director Trustee or director | 0.1 | $0 |
| Cheri Svehla | Director Trustee or director | 0.1 | $0 |
| Kristen Essig | Director Trustee or director | 0.1 | $0 |
| Nancy Allen | Director Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jacqueline M Schaendorf | Chairman Trustee or director, Officer | 0.1 | $0 |
| Scott Mcdonough | Vice-Chair Trustee or director, Officer | 0.1 | $0 |
| Gary Willis | Director Trustee or director | 0.1 | $0 |
| Raymond Waugh | Director Trustee or director | 0.1 | $0 |
| Cheri Svehla | Director Trustee or director | 0.1 | $0 |
| Kristen Essig | Director Trustee or director | 0.1 | $0 |
| Nancy Allen | Director Trustee or director | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 3700 CRESTWOOD PKWY NW STE 400, DULUTH, GA 30096-5585
- Principal officer (990 for 2025)
- Frank Knighton Jr, 3700 Crestwood Parkway Ste 400, Duluth, GA 30096
- Signed the 990
- Frank Knighton Jr, Executive Director
- Phone
- (770) 621-9835
- Return prepared by
- Aprio Advisory Group LLC
Mission
To protect Georgia resident policyholders and claimants against failure in the performance of contractual obligations due to the insolvency of an authorized insurance company.
Program accomplishments
- The persons benefited by the pool were Georgia resident policyholders and claimants of insolvent property and casualty insurance companies. When an admitted insurer is declared insolvent and ordered into liquidation, the pool is required to fulfill certain of the contractual obligations of that company in order to protect Georgia residents.
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
- 58-1391591
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $152,320,722
- Income (IRS master file)
- $17,431,629
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $17,431,629 | $7,648,412 | $152,320,722 | XML |
| 990 | December 2024 | $5,545,038 | $7,997,469 | $142,537,505 | XML |
| 990 | December 2023 | $6,924,334 | $8,621,672 | $144,989,936 | XML |
| 990 | December 2022 | $7,998,701 | $7,273,617 | $146,687,274 | 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 58-1391591).
Questions about GEORGIA INSURERS INSOLVENCY POOL
- What is the EIN of GEORGIA INSURERS INSOLVENCY POOL?
- The employer identification number (EIN) of GEORGIA INSURERS INSOLVENCY POOL is 58-1391591.
- Is GEORGIA INSURERS INSOLVENCY POOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1980.
- Are donations to GEORGIA INSURERS INSOLVENCY POOL tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GEORGIA INSURERS INSOLVENCY POOL 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 GEORGIA INSURERS INSOLVENCY POOL 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 GEORGIA INSURERS INSOLVENCY POOL 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 GEORGIA INSURERS INSOLVENCY POOL?
- The 990 for the year ended December 31, 2025 names Frank Knighton Jr.
- Who are the officers and directors of GEORGIA INSURERS INSOLVENCY POOL?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does GEORGIA INSURERS INSOLVENCY POOL have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $17,431,629, expenses of $7,648,412 and total assets of $152,320,722 at year end.
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