EIN 01-0390410

Maine Self-Insurance Guarantee Association

IRS 501(c) type
501(c)(6)
Num. employees
0
State
Year formed
1982
Most recent tax filings
2023-12-01
Description
The Maine Self-Insurance Guarantee Association ensures prompt payment of workers' compensation claims under self-insurance coverage, protects claimants from financial loss caused by self-insurer insolvency, and offers assistance when needed. Its guarantee fund provides funding for mandated benefit payments to participants in the event of self-insured program insolvency, and it also serves as a mechanism for managing bond proceeds used to pay claims after a self-insurer has gone out of business. It is located in Cape Elizabeth, ME.
Also known as...
Kevin Gillis
Total revenues
$174,637
2023
Total expenses
$207,805
2023
Total assets
$4,439,497
2023
Num. employees
0
2023

Program areas at Maine Self-Insurance Guarantee Association

Guarantee fund provides funds to be used to make mandated benefit payments to covered participants in self-insured workers compensation programs in Maine in the event that the self-insured program becomes insolvent.
Provide a mechanism for servicing claims that are being paid out of bond proceeds after the self insurer has gone out of business.

Personnel at Maine Self-Insurance Guarantee Association

NameTitleCompensation
Elizabeth BroganAdministrator$51,458
Dan SmithVice Chair$0
Dan FergusonChair$0
Brian ParkeTreasurer$0
Lee CyrVice Chair$0
...and 1 more key personnel

Financials for Maine Self-Insurance Guarantee Association

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$79,433
Investment income and dividends$96,276
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-1,072
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$174,637

Form 990s for Maine Self-Insurance Guarantee Association

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-26990View PDF
2022-122023-05-11990View PDF
2021-122022-03-11990View PDF
2020-122021-06-30990View PDF
2019-122020-08-19990View PDF
...and 9 more Form 990s
Data update history
July 12, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 21, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 2 new personnel
October 17, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizations
Issues
No issues found
Characteristics
State / local levelNo full-time employees
General information
Address
42 Stonegate Rd Co Ebrogan
Cape Elizabeth, ME 04107
Metro area
Portland-South Portland, ME
County
Cumberland County, ME
Phone
(207) 370-7556
IRS details
EIN
01-0390410
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1982
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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