Nonprofit · EIN 41-6140766
MINNESOTA INSURANCE GUARANTY ASSOCIATION
Tax-exempt · MINNEAPOLIS, MN 55435
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,119,960 | $11,165,216 | -$45,256 | $179,675,923 | $0 | $179,675,923 |
| December 31, 2023 | 990 | $7,371,646 | $11,775,484 | -$4,403,838 | $179,721,179 | $0 | $179,721,179 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,854,615
- Investment income
- $5,265,345
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $289,045
- Other salaries and wages
- $229,533
- Salaries, compensation and benefits (total)
- $723,170
- Professional fundraising fees
- $0
- Legal fees
- $43,400
- Accounting fees
- $49,731
- Occupancy
- $18,120
- Travel
- $95
Balance sheet and other
- Total assets, start of year
- $179,721,179
- Total assets, end of year
- $179,675,923
- Total liabilities, end of year
- $0
- Net assets, end of year
- $179,675,923
- Publicly traded securities
- $177,672,097
- Net assets without donor restrictions
- $179,675,923
- Gross receipts
- $11,119,960
- Employees
- 6
- Volunteers
- 0
- Year formed
- 1971
- State of legal domicile
- MN
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 | Other / benefits |
|---|---|---|---|---|
| JEFF CHRISTENSEN | EXECUTIVE DIRECTOR Officer | 37.5 | $151,008 | $24,523 |
| ROBERT FARBER | EXECUTIVE DIRECTOR THROUGH MAY Officer | 37.5 | $96,435 | $17,079 |
| MICHAEL F MCGOVERN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KATHLEEN BRAY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTOPHER DORLE | MEMBER Trustee or director | 1 | $0 | $0 |
| SARAH GROSKREUTZ | MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS MERIDETH | MEMBER Trustee or director | 1 | $0 | $0 |
| VICKY RIZZOLO | MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL STERN | MEMBER Trustee or director | 1 | $0 | $0 |
| ANDREW WHITMAN | MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT FARBER | EXECUTIVE DIRECTOR Officer | 37.5 | $167,449 | $40,200 |
| MICHAEL F MCGOVERN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KATHLEEN BRAY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTOPHER DORLE | MEMBER Trustee or director | 1 | $0 | $0 |
| SARAH GROSKREUTZ | MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS MERIDETH | MEMBER Trustee or director | 1 | $0 | $0 |
| VICKY RIZZOLO | MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL STERN | MEMBER Trustee or director | 1 | $0 | $0 |
| SEEMA TANEJA | MEMBER Trustee or director | 1 | $0 | $0 |
| ANDREW WHITMAN | MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7600 PARKLAWN AVE STE 329, MINNEAPOLIS, MN 55435-5156
- Principal officer (990 for 2024)
- JEFF CHRISTENSEN, 7600 PARKLAWN AVE 329, EDINA, MN 55435
- Signed the 990
- JEFF CHRISTENSEN, EXECUTIVE DIRECTOR
- Phone
- (952) 831-1908
- Website
- MINNESOTA.NCIGF.ORG
- Return prepared by
- OLSEN THIELEN & CO LTD
Mission
TO PROVIDE A METHOD OF PAYMENT FOR CERTAIN CLAIMS AGAINST INSOLVENT INSURANCE COMPANIES.
Program accomplishments
- MINNESOTA INSURANCE GUARANTY ASSOCIATION (THE ASSOCIATION) WAS ORGANIZED ON NOVEMBER 24, 1971, BY STATE STATUTE AS A NONPROFIT, UNINCORPORATED LEGAL ENTITY. THE PURPOSE OF THE ASSOCIATION IS TO PROVIDE A METHOD OF PAYMENT FOR CERTAIN CLAIMS AGAINST INSOLVENT INSURANCE COMPANIES, TO AVOID FINANCIAL LOSS TO CLAIMANTS OR TO POLICYHOLDERS, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO PROVIDE AN ASSOCIATION OF INSURERS AGAINST WHICH THE COST OF SUCH PROTECTION MAY BE ASSESSED IN AN EQUITABLE MANNER.
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
- 41-6140766
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $179,675,923
- Income (IRS master file)
- $11,119,960
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,119,960 | $11,165,216 | $179,675,923 | IRS |
| 990 | December 2023 | $7,371,646 | $11,775,484 | $179,721,179 | XML |
| 990 | December 2022 | $7,219,133 | $10,507,373 | $184,125,017 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 41-6140766).
Questions about MINNESOTA INSURANCE GUARANTY ASSOCIATION
- What is the EIN of MINNESOTA INSURANCE GUARANTY ASSOCIATION?
- The employer identification number (EIN) of MINNESOTA INSURANCE GUARANTY ASSOCIATION is 41-6140766.
- Is MINNESOTA INSURANCE GUARANTY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1973.
- Are donations to MINNESOTA INSURANCE GUARANTY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MINNESOTA 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 MINNESOTA 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 MINNESOTA 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 MINNESOTA INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2024 names JEFF CHRISTENSEN.
- Who are the officers and directors of MINNESOTA INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $151,008 (JEFF CHRISTENSEN, EXECUTIVE DIRECTOR).
- How much revenue does MINNESOTA INSURANCE GUARANTY ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,119,960, expenses of $11,165,216 and total assets of $179,675,923 at year end.
Other nonprofits in MINNEAPOLIS
- THRIVENT FINANCIAL FOR LUTHERANS EIN 39-0123480 · last filed 990 for 2024
- UCARE MINNESOTA EIN 36-3573805 · last filed 990 for 2025
- ALLINA HEALTH SYSTEM EIN 36-3261413 · last filed 990 for 2024
- FAIRVIEW HEALTH SERVICES EIN 41-0991680 · last filed 990 for 2024
- HENNEPIN HEALTHCARE SYSTEM INC EIN 42-1707837 · last filed 990 for 2024
- STRATACOR EIN 41-1852523 · last filed 990 for 2024
- CHILDRENS HEALTH CARE EIN 41-1754276 · last filed 990 for 2024
- UNIVERSITY OF MINNESOTA PHYSICIANS EIN 41-1843943 · last filed 990 for 2025