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Nonprofit · EIN 42-6173619

IOWA INSURANCE GUARANTY ASSOCIATION

Tax-exempt · DES MOINES, IA 50309

Financials

$443K$2.4M2023$6.6M$2.6M2024
Revenue Expenses · by fiscal year end
Financials of IOWA INSURANCE GUARANTY ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,557,772$2,623,263$3,934,509$12,248,673$0$12,248,673
December 31, 2023990$443,276$2,449,502-$2,006,226$8,314,164$0$8,314,164
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$6,353,473
Investment income
$204,299
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$142,738
Accounting fees
$47,320
Occupancy
$9,318

Balance sheet and other

Total assets, start of year
$8,314,164
Total assets, end of year
$12,248,673
Total liabilities, end of year
$0
Net assets, end of year
$12,248,673
Net assets with donor restrictions
$12,248,673
Gross receipts
$6,557,772
Employees
0
Volunteers
9
Year formed
1970
State of legal domicile
IA

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.

NameTitleHours / weekCompensation
RUEHLE COREYCHAIRMAN
Trustee or director, Officer
1$0
HOLMES KAMIVICE-CHAIRMAN
Trustee or director, Officer
1$0
BOHAN BILLSECRETARY/TREASURER
Trustee or director, Officer
1$0
KENNEDY SEANDIRECTOR
Trustee or director
1$0
MOSQUEDA JAIMEDIRECTOR
Trustee or director
1$0
SWINTON PAULDIRECTOR
Trustee or director
1$0
RODMEYER MEGDIRECTOR
Trustee or director
1$0
FULLERBRIANDIRECTOR
Trustee or director
1$0
QUINN STEVEDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
HANSEN RORYCHAIRMAN
Trustee or director, Officer
1$0
WEIST MEGVICE-CHAIRMAN
Trustee or director, Officer
1$0
BOHAN BILLSECRETARY/TREASURER
Trustee or director, Officer
1$0
KENNEDY SEANDIRECTOR
Trustee or director
1$0
HOLMES KAMIDIRECTOR
Trustee or director
1$0
SWINTON PAULDIRECTOR
Trustee or director
1$0
ROREMYER MICHELLEDIRECTOR
Trustee or director
1$0
NOGA ANDREWDIRECTOR
Trustee or director
1$0
RUEHLE COREYDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
801 GRAND AVE STE 3700, DES MOINES, IA 50309-8004
In care of
% IOWA FAIR PLAN
Principal officer (990 for 2024)
KAMI HOLMES, 801 GRAND AVE 3700, DES MOINES, IA 50309
Signed the 990
KAMI HOLMES, CHAIR/OFFICER
Phone
(515) 223-8344
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

FUNDING OF INSOLVENT INSURERS

990 for the year ended December 31, 2024

Program accomplishments

  • GUARANTEE POLICY PAYMENTS IN THE EVENT OF AN INSOLVENT INSURANCE COMPANY QUALIFIED TO DO BUSINESS IN THE STATE OF IOWA.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-6173619
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)
$12,248,673
Income (IRS master file)
$6,557,772

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,557,772$2,623,263$12,248,673IRS
990December 2023$443,276$2,449,502$8,314,164XML
990December 2022$266,225$778,330$10,320,390IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 42-6173619).

Questions about IOWA INSURANCE GUARANTY ASSOCIATION

What is the EIN of IOWA INSURANCE GUARANTY ASSOCIATION?
The employer identification number (EIN) of IOWA INSURANCE GUARANTY ASSOCIATION is 42-6173619.
Is IOWA INSURANCE GUARANTY ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1973.
Are donations to IOWA INSURANCE GUARANTY ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does IOWA 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 IOWA 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 IOWA 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 IOWA INSURANCE GUARANTY ASSOCIATION?
The 990 for the year ended December 31, 2024 names KAMI HOLMES.
Who are the officers and directors of IOWA 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 IOWA INSURANCE GUARANTY ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,557,772, expenses of $2,623,263 and total assets of $12,248,673 at year end.

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