Nonprofit · EIN 95-4311716
CALIFORNIA LIFE INSURANCE GUARANTY ASSOCIATION
Also known as PETER LEONARD
Tax-exempt · ROSEVILLE, CA 95661
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $37,015,747 | $70,636,712 | -$33,620,965 | $75,950,324 | $80,920,596 | -$4,970,272 |
| June 30, 2024 | 990 | $64,342,813 | $19,623,408 | $44,719,405 | $51,655,207 | $23,004,515 | $28,650,692 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $34,600,714
- Investment income
- $2,415,033
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $8,173,616
- Compensation of officers, directors and key employees
- $724,313
- Salaries, compensation and benefits (total)
- $724,313
- Professional fundraising fees
- $0
- Legal fees
- -$3,331
- Accounting fees
- $98,387
- Travel
- $66,665
- Program services (functional)
- $69,944,745
- Management and general (functional)
- $691,967
Balance sheet and other
- Total assets, start of year
- $51,655,207
- Total assets, end of year
- $75,950,324
- Total liabilities, end of year
- $80,920,596
- Net assets, end of year
- -$4,970,272
- Publicly traded securities
- $29,472,345
- Net assets without donor restrictions
- -$4,970,273
- Gross receipts
- $37,015,747
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1991
- State of legal domicile
- CA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD THAKAR THE THAKAR GROUP | EXECUTIVE DIRECTOR Officer | 40 | $724,313 |
| ALAN ACOSTA | DIRECTOR Trustee or director | 1 | $0 |
| Ronald Coleman-Baeza | DIRECTOR Trustee or director | 1 | $0 |
| UNITEDHEALTHCARE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| PROTECTIVE LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| EVERLAKE LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| PACIFIC LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| AETNA LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| ANTHEM BLUE CROS LIFE & HEALTH INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| CIGNA HEALTH & LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| LINCOLN NATIONAL LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| MASSACHUSETTS MUTUAL LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| METROPOLITAN LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| NORTHWESTERN MUTUAL LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| PRUDENTIAL INS CO OF AMERICA | DIRECTOR Institutional trustee | 1 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRANSAMERICA LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| JOY HIGA | CHAIR Officer | 4 | $0 |
| GREG REDMOND | VICE CHAIR Officer | 3 | $0 |
| SONYA EKART | SECRETARY TREASURER Officer | 3 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD THAKAR THE THAKAR GROUP | EXECUTIVE DIRECTOR Officer | 40 | $710,111 |
| ALAN ACOSTA | DIRECTOR Trustee or director | 1 | $0 |
| Ronald Coleman-Baeza | DIRECTOR Trustee or director | 1 | $0 |
| UNITEDHEALTHCARE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| WEST COAST LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| EVERLAKE LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| PACIFIC LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| AETNA LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| ANTHEM BLUE CROSS LIFE HEALTH INS | DIRECTOR Institutional trustee | 1 | $0 |
| CIGNA HEALTH & LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| LINCOLN NATIONAL LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| MASSACHUSETTS MUTUAL LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| METROPOLITAN LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| NORTHWESTERN MUTUAL LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| PRUDENTIAL INS CO OF AMERICA | DIRECTOR Institutional trustee | 1 | $0 |
| TRANSAMERICA LIFE INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| JOY HIGA | CHAIR Officer | 4 | $0 |
| GREG REDMOND | VICE CHAIR Officer | 3 | $0 |
| SONYA EKART | SECRETARY TREASURER Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 2999 DOUGLAS BLVD STE 180, ROSEVILLE, CA 95661-4219
- In care of
- % TODD THAKAR
- Principal officer (990 for 2024)
- Todd Thakar, 2999 Douglas Blvd Ste 180, Roseville, CA 956613824
- Signed the 990
- Todd Thakar, Executive Director
- Phone
- (916) 631-1581
- Website
- WWW.CALIFEGA.ORG
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4311716 or by the name CALIFORNIA LIFE INSURANCE GUARANTY ASSOCIATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
The Association was established to provide certain protections to policyholders and beneficiaries of policyholders of impaired or insolvent insurers in accordance with Section 1067 of the California Insurance Code.
Program accomplishments
- The Associations sole program service is providing certain protections to policyholder and beneficiaries of policyholders of impaired or insolvent insurers in accordance with Section 1067 of the California Insurance Code.0
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 95-4311716
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $75,950,324
- Income (IRS master file)
- $37,015,747
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $37,015,747 | $70,636,712 | $75,950,324 | XML |
| 990 | June 2024 | $64,342,813 | $19,623,408 | $51,655,207 | XML |
| 990 | June 2023 | $26,129,771 | -$42,007,682 | $80,932,488 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | 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 95-4311716).
Questions about CALIFORNIA LIFE INSURANCE GUARANTY ASSOCIATION
- What is the EIN of CALIFORNIA LIFE INSURANCE GUARANTY ASSOCIATION?
- The employer identification number (EIN) of CALIFORNIA LIFE INSURANCE GUARANTY ASSOCIATION is 95-4311716.
- Is CALIFORNIA LIFE INSURANCE GUARANTY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1993.
- Are donations to CALIFORNIA LIFE INSURANCE GUARANTY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CALIFORNIA LIFE 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 CALIFORNIA LIFE INSURANCE GUARANTY ASSOCIATION 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 CALIFORNIA LIFE INSURANCE GUARANTY ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CALIFORNIA LIFE INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended June 30, 2025 names Todd Thakar.
- Who are the officers and directors of CALIFORNIA LIFE INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended June 30, 2025 lists 19 people; 1 received compensation from the organization, the highest $724,313 (TODD THAKAR THE THAKAR GROUP, EXECUTIVE DIRECTOR).
- How much revenue does CALIFORNIA LIFE INSURANCE GUARANTY ASSOCIATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $37,015,747, expenses of $70,636,712 and total assets of $75,950,324 at year end.
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