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EIN 36-2737437

Illinois Insurance Guaranty Fund

IRS 501(c) type
501(c)(6)
Num. employees
12
City
Chicago
State
Illinois
Year formed
1971
Most recent tax filings
2023-12-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
The Illinois Insurance Guaranty Fund protects policyholders of property and casualty insurance companies in Illinois from loss in the event of insolvency. It provides a mechanism to pay claims and return unearned premiums, as well as assess costs to insurance companies holding a certificate of authority. This statutorily mandated organization fully discharges its obligation according to Illinois law and is located in Chicago, IL.
Total revenues
$12,078,200
2023
Total expenses
$14,062,124
2023
Total assets
$151,645,214
2023
Num. employees
12
2023

Program areas at Illinois Insurance Guaranty Fund

The Illinois Insurance Guaranty Fund is a statutorily mandated organization which paid, when legally due, all covered claims as defined by statute and otherwise fully discharged its statutory obligation in accordance with Illinois law.

Personnel at Illinois Insurance Guaranty Fund

NameTitleCompensation
Tim SchotkeExecutive Director$282,378
Valerie McGregorClaims Director$174,394
Michael DickeyIt Manager$128,058
Gerald GorakSenior Claims E$119,215
Timothy SchotkePast Executive Director / Chief Operating Officer / Controller$276,549
...and 2 more key personnel

Financials for Illinois Insurance Guaranty Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$10,942,230
Investment income and dividends$1,085,364
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$50,606
Total revenues$12,078,200

Form 990s for Illinois Insurance Guaranty Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-13990View PDF
2022-122023-05-24990View PDF
2021-122022-05-05990View PDF
2020-122021-05-04990View PDF
2019-122020-11-02990View PDF
...and 10 more Form 990s
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 22, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Used new vendors
Identified 2 new vendors, including , and
May 11, 2023
Updated personnel
Identified 1 new personnel
May 9, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizations
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
150 S Wacker Dr Suite 2970
Chicago, IL 60606
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
iigf.org/ 
Phone
(312) 422-9700
IRS details
EIN
36-2737437
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1971
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
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