Nonprofit · EIN 58-2159813
GEORGIA SCHOOL BOARD ASSOCIATION RISK & INSURANCE MANAGEMENT SYSTEM
Tax-exempt · LAWRENCEVILLE, GA 30043
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $57,150,243 | $57,058,716 | $91,527 | $73,180,600 | $51,709,251 | $21,471,349 |
| June 30, 2024 | 990 | $49,204,188 | $53,121,393 | -$3,917,205 | $56,404,642 | $36,046,835 | $20,357,807 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $53,359,283
- Investment income
- $3,790,960
- Net gain from sales of assets
- $902,626
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $28,791
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $8,500
- Accounting fees
- $28,800
- Travel
- $1,686
- Program services (functional)
- $55,312,490
- Management and general (functional)
- $1,746,226
Balance sheet and other
- Total assets, start of year
- $56,404,642
- Total assets, end of year
- $73,180,600
- Total liabilities, end of year
- $51,709,251
- Net assets, end of year
- $21,471,349
- Publicly traded securities
- $35,860,346
- Net assets without donor restrictions
- $21,471,349
- Gross receipts
- $57,150,243
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1994
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| VALARIE V WILSON | SECRETARY/TREASURER Officer | 4 | $0 | $313,965 | $50,370 |
| RONALD HOPKINS | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DAVID LEWIS | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| TERESA HARDY | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| EADDY SAMS | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KENNETH DYER | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| NORIS PRICE | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| VIRGIL COLE | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| BYRON JONES | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| GYIMAH WHITAKER | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| VALARIE V WILSON | EXECUTIVE DIRECTOR Officer | 4 | $0 | $290,612 | $45,941 |
| RONALD HOPKINS | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DAVID LEWIS | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| TERESA HARDY | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| EADDY SAMS | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KENNETH DYER | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| NATHAN FRANKLIN | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| NORIS PRICE | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| VIRGIL COLE | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| BYRON JONES | TRUSTEE 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, EXECUTIVE DIRECTOR
- Phone
- (770) 962-2985
- Website
- WWW.GSBA.COM
- Return prepared by
- MAULDIN & JENKINS LLC
Mission
THE MISSION OF THE GSBA RISK MANAGEMENT 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.
Program accomplishments
- DEVELOP, IMPLEMENT, ADMINISTER, AND MAINTAIN A PROGRAM OF PROPERTY AND LIABILITY SELF-INSURANCE FOR ITS MEMBER ORGANIZATIONS. GSBA RISK MANAGEMENT FUND OFFERS PROTECTION THROUGH ITS GROUP-SELF-INSURANCE PLANS FOR PROPERTY AND LIABILITY RISKS. 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 FUND DELIVERS PERSONAL SUPPORT TO ITS MEMBERS AT THE HIGHEST PROFESSIONAL LEVEL AS NEEDED FOR ALL LIABILITY AND PROPERTY INSURANCE RELATED SERVICES. A TEAM OF RISK MANAGEMENT STAFF AND CONSULTANTS ARE IN PLACE TO ASSIST MEMBERS IN MINIMIZING LOSS EXPOSURES, INJURIES, AND DAMAGES THROUGH RISK IDENTIFICATION, ASSESSMENT, PLANNING, PHYSICAL INSPECTIONS, RESEARCH AND OTHER SPECIAL STATE-WIDE INITIATIVES AND MEETINGS ORIENTED TO PUBLIC SCHOOLS AND EDUCATION.Expenses $55,312,490 · grants $28,791 · revenue $53,359,283
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 58-2159813
- 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
- Assets (IRS master file)
- $73,180,600
- Income (IRS master file)
- $57,150,243
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $57,150,243 | $57,058,716 | $73,180,600 | IRS |
| 990 | June 2024 | $49,204,188 | $53,121,393 | $56,404,642 | XML |
| 990 | June 2023 | $37,077,767 | $40,545,138 | $56,214,007 | IRS |
| 990 | June 2022 | $34,786,604 | $30,539,635 | $52,422,531 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 58-2159813).
Questions about GEORGIA SCHOOL BOARD ASSOCIATION RISK & INSURANCE MANAGEMENT SYSTEM
- What is the EIN of GEORGIA SCHOOL BOARD ASSOCIATION RISK & INSURANCE MANAGEMENT SYSTEM?
- The employer identification number (EIN) of GEORGIA SCHOOL BOARD ASSOCIATION RISK & INSURANCE MANAGEMENT SYSTEM is 58-2159813.
- Is GEORGIA SCHOOL BOARD ASSOCIATION RISK & INSURANCE MANAGEMENT SYSTEM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to GEORGIA SCHOOL BOARD ASSOCIATION RISK & INSURANCE MANAGEMENT SYSTEM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GEORGIA SCHOOL BOARD ASSOCIATION RISK & INSURANCE MANAGEMENT SYSTEM 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 BOARD ASSOCIATION RISK & INSURANCE MANAGEMENT SYSTEM 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 BOARD ASSOCIATION RISK & INSURANCE MANAGEMENT SYSTEM 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 BOARD ASSOCIATION RISK & INSURANCE MANAGEMENT SYSTEM?
- The 990 for the year ended June 30, 2025 names VALARIE WILSON.
- Who are the officers and directors of GEORGIA SCHOOL BOARD ASSOCIATION RISK & INSURANCE MANAGEMENT SYSTEM?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does GEORGIA SCHOOL BOARD ASSOCIATION RISK & INSURANCE MANAGEMENT SYSTEM have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $57,150,243, expenses of $57,058,716 and total assets of $73,180,600 at year end.
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