Nonprofit · EIN 02-0346955
NEW HAMPSHIRE INSURANCE GUARANTY ASSOCIATION
Tax-exempt · BOSTON, MA 02114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,665,119 | $2,098,132 | -$433,013 | $53,362,846 | $0 | $53,362,846 |
| December 31, 2023 | 990 | $611,309 | $1,326,991 | -$715,682 | $53,795,859 | $0 | $53,795,859 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $81,691
- Investment income
- $1,583,428
- Net gain from sales of assets
- -$252,579
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,583,064
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $3,793
- Accounting fees
- $14,356
- Travel
- $3,987
Balance sheet and other
- Total assets, start of year
- $53,795,859
- Total assets, end of year
- $53,362,846
- Total liabilities, end of year
- $0
- Net assets, end of year
- $53,362,846
- Publicly traded securities
- $49,852,999
- Gross receipts
- $34,309,514
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1970
- State of legal domicile
- MA
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 |
|---|---|---|---|
| Harris E Berenson Chair | representing The Hanover Insurance Group Trustee or director | 1 | $0 |
| Daniel Swift Vice Chair | representing Acadia Insurance Company Trustee or director | 1 | $0 |
| Donald Baldini Board Member | representing Liberty Mutual Insurance Company Trustee or director | 1 | $0 |
| Michael Catina Board Member | representing Zurich American Insurance Co. Trustee or director | 1 | $0 |
| Earl Cottam Board Member | representing Providence Mutual Fire Ins. Co. Trustee or director | 1 | $0 |
| Lee Dowgiewicz Board Member | representing Co-operative Insurance Companies Trustee or director | 1 | $0 |
| Steven Harris Board Member | representing National Union Fire Ins. Co. of Pitts. PA Trustee or director | 1 | $0 |
| Douglas Morrissey Board Member | representing Continental Casualty Company Trustee or director | 1 | $0 |
| Michael Nolin Board Member | representing Concord General Mutual Ins. Co. Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Harris E Berenson Chair | representing The Hanover Insurance Group Trustee or director | 1 | $0 |
| Daniel Swift Vice Chair | representing Acadia Insurance Company Trustee or director | 1 | $0 |
| Donald Baldini Board Member | representing Liberty Mutual Insurance Company Trustee or director | 1 | $0 |
| Michael Catina Board Member | representing Zurich American Insurance Co. Trustee or director | 1 | $0 |
| Earl Cottam Board Member | representing Providence Mutual Fire Ins. Co. Trustee or director | 1 | $0 |
| Lee Dowgiewicz Board Member | representing Co-operative Insurance Companies Trustee or director | 1 | $0 |
| Steven Harris Board Member | representing National Union Fire Ins. Co. of Pitts. PA Trustee or director | 1 | $0 |
| Douglas Morrissey Board Member | representing Continental Casualty Company Trustee or director | 1 | $0 |
| Michael Nolin Board Member | representing Concord General Mutual Ins. Co. Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- ONE BOWDOIN SQUARE SECOND FLOOR, BOSTON, MA 02114-2916
- Principal officer (990 for 2024)
- Barbara Petersen Law, One Bowdoin Square, Second Floor, Boston, MA 021142916
- Signed the 990
- Heather Holland, Treasurer
- Phone
- (617) 227-7020
- Website
- www.gfms.org
Mission
During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the New Hampshire state statute, Chapter 404B & Chapter 404H.
Program accomplishments
- During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the New Hampshire state statute, Chapter 404B & Chapter 404H.Expenses $1,583,064
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 | 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
- 02-0346955
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $53,362,846
- Income (IRS master file)
- $34,309,514
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,665,119 | $2,098,132 | $53,362,846 | IRS |
| 990 | December 2023 | $611,309 | $1,326,991 | $53,795,859 | XML |
| 990 | December 2022 | $85,808 | $1,281,501 | $54,511,541 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 02-0346955).
Questions about NEW HAMPSHIRE INSURANCE GUARANTY ASSOCIATION
- What is the EIN of NEW HAMPSHIRE INSURANCE GUARANTY ASSOCIATION?
- The employer identification number (EIN) of NEW HAMPSHIRE INSURANCE GUARANTY ASSOCIATION is 02-0346955.
- Is NEW HAMPSHIRE INSURANCE GUARANTY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1982.
- Are donations to NEW HAMPSHIRE INSURANCE GUARANTY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW HAMPSHIRE INSURANCE GUARANTY ASSOCIATION 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 NEW HAMPSHIRE 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 NEW HAMPSHIRE 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 NEW HAMPSHIRE INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2024 names Barbara Petersen Law.
- Who are the officers and directors of NEW HAMPSHIRE INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does NEW HAMPSHIRE INSURANCE GUARANTY ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,665,119, expenses of $2,098,132 and total assets of $53,362,846 at year end.
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