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Nonprofit · EIN 58-2016361

GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS COMPENSATION FUND

Tax-exempt · LAWRENCEVILLE, GA 30043

Financials

$20.6M$17.7M2023$22.1M$19.5M2024
Revenue Expenses · by fiscal year end
Financials of GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS COMPENSATION FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$22,094,043$19,450,597$2,643,446$99,988,118$30,254,786$69,733,332
June 30, 2024990$20,644,938$17,673,011$2,971,927$91,941,475$26,805,834$65,135,641
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$15,999,702
Investment income
$6,094,341
Net gain from sales of assets
$1,889,635
Other revenue
$0

Expenses

Grants and similar amounts paid
$29,680
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$12,000
Accounting fees
$30,296
Travel
$1,958
Program services (functional)
$18,343,132
Management and general (functional)
$1,107,465

Balance sheet and other

Total assets, start of year
$91,941,475
Total assets, end of year
$99,988,118
Total liabilities, end of year
$30,254,786
Net assets, end of year
$69,733,332
Publicly traded securities
$58,007,320
Net assets without donor restrictions
$69,733,332
Gross receipts
$22,094,043
Employees
0
Volunteers
9
Year formed
1992
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
VALARIE V WILSONSECRETARY/TREASURER
Officer
4$0$313,965$50,370
STEVE BARNETTECHAIR
Trustee or director, Officer
0.5$0$0$0
KAREN ARMSTRONGVICE CHAIR
Trustee or director, Officer
0.5$0$0$0
PAUL BROOKSHERTRUSTEE
Trustee or director
0.5$0$0$0
RON HOPKINSTRUSTEE
Trustee or director
0.5$0$0$0
SCOTT COWARTTRUSTEE
Trustee or director
0.5$0$0$0
STACI NEWSOMETRUSTEE
Trustee or director
0.5$0$0$0
BRYON JONESTRUSTEE
Trustee or director
0.5$0$0$0
SONYA BUNDICKTRUSTEE
Trustee or director
0.5$0$0$0
VINCENT HAMMTRUSTEE
Trustee or director
0.5$0$0$0
990 for the year ended June 30, 2024: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
VALARIE V WILSONEXECUTIVE DIRECTOR
Officer
4$0$290,612$45,941
STEVE BARNETTECHAIR
Trustee or director, Officer
0.5$0$0$0
KAREN ARMSTRONGVICE CHAIR
Trustee or director, Officer
0.5$0$0$0
BRYON JONESTRUSTEE
Trustee or director
0.5$0$0$0
STACI NEWSOMETRUSTEE
Trustee or director
0.5$0$0$0
SCOTT COWARTTRUSTEE
Trustee or director
0.5$0$0$0
RON HOPKINSTRUSTEE
Trustee or director
0.5$0$0$0
PAUL BROOKSHERTRUSTEE
Trustee or director
0.5$0$0$0
LORA MCADAMSTRUSTEE
Trustee or director
0.5$0$0$0
ADAM HATHAWAYTRUSTEE
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
5120 SUGARLOAF PKWY, LAWRENCEVILLE, GA 30043-5702
Principal officer (990 for 2024)
VALARIE WILSON, 5120 SUGARLOAF PARKWAY, LAWRENCEVILLE, GA 30043
Signed the 990
VALARIE WILSON, SECRETARY/TREASURER
Phone
(770) 962-2985
Return prepared by
MAULDIN & JENKINS LLC

Mission

THE MISSION OF THE GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS' COMPENSATION FUND IS TO PARTNER WITH LOCAL SCHOOL SYSTEMS TO PROTECT ASSETS AND MINIMIZE LOSSES THROUGH SUPERIOR CUSTOMIZED ALTERNATIVES TO TRADITIONAL INSURANCE WHILE MAINTAINING FINANCIAL INTEGRITY.

990 for the year ended June 30, 2025

Program accomplishments

  • DEVELOP, IMPLEMENT, AND ADMINISTER A PROGRAM OF WORKERS' COMPENSATION SELF INSURANCE FOR ITS MEMBER ORGANIZATIONS.GSBA WORKERS' COMPENSATION FUND OFFERS PROTECTION THROUGH ITS GROUP-SELF-INSURANCE PLANS FOR WORKERS' COMPENSATION. THE ORGANIZATION PARTNERS WITH GEORGIA PUBLIC SCHOOL SYSTEMS AND GOES FAR BEYOND THE NORMAL SERVICE FROM A COMMERCIAL INSURANCE BROKER. THE STAFF BUILDS RELATIONSHIPS WITH ITS MEMBERS AND PROVIDES TRAINING AND INFORMATION TO ASSIST MEMBERS IN SUCCESSFULLY MANAGING THEIR RISKS.THE GSBA WORKERS' COMPENSATION FUND PROVIDES SCHOOL DISTRICTS AN ALTERNATIVE TO PURCHASING TRADITIONAL INSURANCE. KEEPING EMPLOYEES ON THE JOB, WHETHER IT'S IN THE CLASSROOM, ON THE SCHOOL BUS, OR IN THE CAFETERIA, THROUGH TARGETED LOSS PREVENTION STRATEGIES AND COMPREHENSIVE CLAIMS MANAGEMENT, IS THE KEY TO CONTINUED SUCCESS.
    Expenses $18,343,132 · grants $29,680 · revenue $15,999,702

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
58-2016361
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1997
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99D)
Assets (IRS master file)
$99,988,118
Income (IRS master file)
$22,094,043

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$22,094,043$19,450,597$99,988,118XML
990June 2024$20,644,938$17,673,011$91,941,475XML
990June 2023$16,703,886$13,333,674$86,350,055IRS
990June 2022$15,076,432$10,562,480$82,470,003IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 58-2016361).

Questions about GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS COMPENSATION FUND

What is the EIN of GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS COMPENSATION FUND?
The employer identification number (EIN) of GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS COMPENSATION FUND is 58-2016361.
Is GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS COMPENSATION FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS COMPENSATION FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS COMPENSATION FUND 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 SCHOOL BOARDS ASSOCIATION WORKERS COMPENSATION FUND due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS COMPENSATION FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS COMPENSATION FUND?
The 990 for the year ended June 30, 2025 names VALARIE WILSON.
Who are the officers and directors of GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS COMPENSATION FUND?
The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS COMPENSATION FUND have?
On its 990 for the year ended June 30, 2025 it reported revenue of $22,094,043, expenses of $19,450,597 and total assets of $99,988,118 at year end.

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