1. Directory
  2. Alabama
  3. Birmingham
  4. Alabama Insurance Guaranty Association
EIN 63-0810507

Alabama Insurance Guaranty Association

IRS 501(c) type
501(c)(6)
Num. employees
10
City
Birmingham
State
Alabama
Year formed
1980
Most recent tax filings
2022-12-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
The Alabama Insurance Guaranty Association serves as an agent of the State of Alabama and provides a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and financial loss to claimants or policyholders due to insolvency. In 2021, it has maintained the books and records and administered claims for 43 insolvencies, with each insolvency's books and records kept in three separate accounts as required by state statute. The association was created by the Alabama Insurance Guaranty Act.
Total revenues
$7,260,591
2022
Total expenses
$9,744,695
2022
Total assets
$155,685,622
2022
Num. employees
10
2022

Personnel at Alabama Insurance Guaranty Association

NameTitleCompensation
Andrea LentineExecutive Director$183,948
Torrey CrenshawClaims Manager$100,159
Alfa Bryan HubbardDirector$0
Joyce Hall MellingerVice - Chairman$0
Lynn SetliffChairman$0
...and 1 more key personnel

Financials for Alabama Insurance Guaranty Association

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$2,952,397
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-1,369,270
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$5,677,464
Total revenues$7,260,591

Form 990s for Alabama Insurance Guaranty Association

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-07990View PDF
2021-122022-11-14990View PDF
2020-122021-11-08990View PDF
2019-122021-06-08990View PDF
2018-122020-01-23990View PDF
...and 10 more Form 990s
Data update history
January 1, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 31, 2023
Updated personnel
Identified 3 new personnel
December 25, 2023
Used new vendors
Identified 2 new vendors, including , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
600 University Park Pl 260
Birmingham, AL 35209
Metro area
Birmingham-Hoover, AL
Website URL
alaiga.com/ 
Phone
(205) 823-4042
IRS details
EIN
63-0810507
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1980
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Independent
Free account sign-up

Want updates when Alabama Insurance Guaranty Association has new information, or want to find more organizations like Alabama Insurance Guaranty Association?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2024 Nonprofit Metrics LLC
Terms of Service and Privacy Policy