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Nonprofit · EIN 62-1611813

LOCAL GOVERNMENT INSURANCE COOPERATIVE

Tax-exempt · HENDERSONVLLE, TN 37077

Financials

$9K$73K2021
Revenue Expenses · by fiscal year end
Financials of LOCAL GOVERNMENT INSURANCE COOPERATIVE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2022990$9,202$73,156-$63,954$6,103,438$4,800,747$1,302,691
Financial details: 990 for the year ended June 30, 2022

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$9,202
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$6,383
Accounting fees
$630
Program services (functional)
$73,156

Balance sheet and other

Total assets, start of year
$6,166,762
Total assets, end of year
$6,103,438
Total liabilities, end of year
$4,800,747
Net assets, end of year
$1,302,691
Net assets without donor restrictions
$1,302,691
Gross receipts
$9,202
Employees
0
Year formed
1999
State of legal domicile
TN

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, 2022, highest compensation first.

NameTitleHours / weekCompensation
CHERYL LEWIS-SMITHDIRECTOR
Trustee or director, Officer
1$0
MARK ONEALDIRECTOR
Trustee or director, Officer
1$0
RHEA TAYLORCHAIRMAN
Trustee or director, Officer
2$0
ANDY WRIGHTDIRECTOR
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 516, HENDERSONVLLE, TN 37077-0516
In care of
% LOUIS OLIVER ATTORNEY
Principal officer (990 for 2021)
RHEA TAYLOR, PO BOX 218, SOMERVILLE, TN 38068
Signed the 990
RHEA TAYLOR, CHAIRMAN
Phone
(615) 477-9987
Return prepared by
THURMAN CAMPBELL GROUP PLC

Mission

TO ADMINISTER WORKERS' COMPENSATION INSURANCE COVERAGE WHEN A GOVERNMENT ENTITY'S "RISK POOL" FOR FISCAL YEARS ENDED JUNE 30, 1996-2001 WAS ACTIVE (I.E. ENROLLING NEW ENTITIES / MEMBERS)

990 for the year ended June 30, 2022

Program accomplishments

  • PROVIDED A WAY FOR GOVERNMENT ENTITIES TO POOL THEIR FUNDS TO PROTECT AGAINST WORKERS' COMPENSATION LOSSES THROUGH MEMBER CONTRIBUTIONS AND TO REDUCE ADMINISTRATIVE EXPENSES THROUGH ECONOMIES OF SCALE, INCLUDING ADMINISTRATION FEEDS PAID TO PROCESS PREMIUMS AND INJURY CLAIMS.
    Expenses $73,156

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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, 2025Not on file
2023June 30, 2024November 15, 2024Not on file

IRS record

EIN
62-1611813
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Governmental unit
Exempt since
2003
Accounting year ends
June
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$6,103,438
Income (IRS master file)
$9,202

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2022$9,202$73,156$6,103,438XML
990June 2019–––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 62-1611813).

Questions about LOCAL GOVERNMENT INSURANCE COOPERATIVE

What is the EIN of LOCAL GOVERNMENT INSURANCE COOPERATIVE?
The employer identification number (EIN) of LOCAL GOVERNMENT INSURANCE COOPERATIVE is 62-1611813.
Is LOCAL GOVERNMENT INSURANCE COOPERATIVE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Which annual return does LOCAL GOVERNMENT INSURANCE COOPERATIVE file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of LOCAL GOVERNMENT INSURANCE COOPERATIVE 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 LOCAL GOVERNMENT INSURANCE COOPERATIVE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2022.
Who is the principal officer of LOCAL GOVERNMENT INSURANCE COOPERATIVE?
The 990 for the year ended June 30, 2022 names RHEA TAYLOR.
Who are the officers and directors of LOCAL GOVERNMENT INSURANCE COOPERATIVE?
The 990 for the year ended June 30, 2022 lists 4 people; 0 received compensation from the organization.
How much revenue does LOCAL GOVERNMENT INSURANCE COOPERATIVE have?
On its 990 for the year ended June 30, 2022 it reported revenue of $9,202, expenses of $73,156 and total assets of $6,103,438 at year end.

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