Nonprofit · EIN 13-3408953
ASSOCIATION OF FINANCIAL GUARANTY INSURERES INC
Tax-exempt · ALBANY, NY 12208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $143,120 | $274,498 | -$131,378 | $62,264 | $0 | $62,264 |
| December 31, 2024 | 990 | $162,541 | $273,818 | -$111,277 | $193,642 | $0 | $193,642 |
| December 31, 2023 | 990 | $186,330 | $272,434 | -$86,104 | $304,919 | $0 | $304,919 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $140,000
- Membership dues
- $140,000
- Program service revenue
- $0
- Investment income
- $3,120
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $14,505
- Program services (functional)
- $209,874
- Management and general (functional)
- $64,624
Balance sheet and other
- Total assets, start of year
- $193,642
- Total assets, end of year
- $62,264
- Total liabilities, end of year
- $0
- Net assets, end of year
- $62,264
- Net assets without donor restrictions
- $62,264
- Gross receipts
- $143,120
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1986
- State of legal domicile
- NY
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 |
|---|---|---|---|
| Adam Bergonzi | Chair Director of AFGI Trustee or director, Officer | 0 | $0 |
| Jorge Gana | Vice Chair Director of AFGI Trustee or director, Officer | 0 | $0 |
| David Barranco | Secretary Treasurer Director of AFGI Trustee or director, Officer | 0 | $0 |
| A Edward Turi III | Director of AFGI Trustee or director | 0 | $0 |
| Gary Saunders | Director of AFGI Trustee or director | 0 | $0 |
| David Steel | Director Emeritus of AFGI Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Adam Bergonzi | Chair Director of AFGI Trustee or director, Officer | 0 | $0 |
| Jorge Gana | Vice Chair Director of AFGI Trustee or director, Officer | 0 | $0 |
| David Barranco | Secretary Treasurer Director of AFGI Trustee or director, Officer | 0 | $0 |
| A Edward Turi III | Director of AFGI Trustee or director | 0 | $0 |
| Gary Saunders | Director of AFGI Trustee or director | 0 | $0 |
| David Steel | Director Emeritus of AFGI Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Adam Bergonzi | Chair Director of AFGI Trustee or director, Officer | 0 | $0 |
| Jorge Gana | Vice Chair Director of AFGI Trustee or director, Officer | 0 | $0 |
| David Barranco | Secretary Treasurer Director of AFGI Trustee or director, Officer | 0 | $0 |
| A Edward Turi III | Director of AFGI Trustee or director | 0 | $0 |
| Gary Saunders | Director of AFGI Trustee or director | 0 | $0 |
| David Steel | Director Emeritus of AFGI Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 8856, ALBANY, NY 12208-0856
- In care of
- % MR ADAM BERGONZI
- Principal officer (990 for 2025)
- Mr Adam Bergonzi, PO Box 8856, Albany, NY 12208
- Signed the 990
- Raymond Ivers, Bookkkeeper
- Phone
- (518) 253-1000
Mission
Monitoring issues concerning the financial guaranty industry; direct communication with the Associations members and federal and state legislators and regulators; communications with the public in the U.S. and abroad through news media and website.
Program accomplishments
- AFGI Program Expenses for Government and Judicial Affairs relate to lobbying and regulatory in the states and Washington D.C. It also covers amicus briefs.Expenses $1,961,240
- AFGI Program Expenses for Industry Affairs related to educating the public and investor community.Expenses $137,500
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
- 13-3408953
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $62,264
- Income (IRS master file)
- $143,120
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $143,120 | $274,498 | $62,264 | XML |
| 990 | December 2024 | $162,541 | $273,818 | $193,642 | IRS |
| 990 | December 2023 | $186,330 | $272,434 | $304,919 | XML |
| 990 | December 2022 | $230,777 | $279,187 | $391,022 | 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 13-3408953).
Questions about ASSOCIATION OF FINANCIAL GUARANTY INSURERES INC
- What is the EIN of ASSOCIATION OF FINANCIAL GUARANTY INSURERES INC?
- The employer identification number (EIN) of ASSOCIATION OF FINANCIAL GUARANTY INSURERES INC is 13-3408953.
- Is ASSOCIATION OF FINANCIAL GUARANTY INSURERES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1987.
- Are donations to ASSOCIATION OF FINANCIAL GUARANTY INSURERES INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ASSOCIATION OF FINANCIAL GUARANTY INSURERES INC 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 ASSOCIATION OF FINANCIAL GUARANTY INSURERES INC 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 ASSOCIATION OF FINANCIAL GUARANTY INSURERES INC 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 ASSOCIATION OF FINANCIAL GUARANTY INSURERES INC?
- The 990 for the year ended December 31, 2025 names Mr Adam Bergonzi.
- Who are the officers and directors of ASSOCIATION OF FINANCIAL GUARANTY INSURERES INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does ASSOCIATION OF FINANCIAL GUARANTY INSURERES INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $143,120, expenses of $274,498 and total assets of $62,264 at year end.
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