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EIN 27-2030868

Workers' Compensation Security Fund (WCSF)

IRS 501(c) type
501(c)(6)
Num. employees
0
City
Basking Ridge
State
New Jersey
Year formed
2010
Most recent tax filings
2023-12-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
The Workers’ Compensation Security Fund (WCSF) was created pursuant to N.J.S.A. 34:15–103 et seq. This statute establishes a pool of money to pay claims of insolvent workers’ compensation insurance carriers arising from coverage of risks located or resident in New Jersey. Carriers authorized to transact the business of workers’ compensation insurance in this State contribute to the WCSF. In January 2010, legislation was enacted transferring responsibility for the administration of the WCSF to the New Jersey Property-Liability Insurance Guaranty Association.
Related structure
Total revenues
$33,543,502
2023
Total expenses
$26,287,757
2023
Total assets
$243,284,559
2023
Num. employees
0
2023

Program areas at WCSF

The wcsf was established by the new jersey legislature in 1935 to pay the claims of insolvent Workers' Compensation insurance carriers arising from the coverage of risks located or resident in new jersey. Carriers authorized to transact the business of Workers' Compensation insurance in new jersey contribute to the wcsf.

Personnel at WCSF

NameTitleCompensation
Joseph DellaferaChief Executive Officer$0
Trish YoungDirector of Operations$0
Frank RotellaActing Director of Finance
Ronald ChessDirector of Compliance and It$0
Lori ConnorsGeneral Counsel$0
...and 5 more key personnel

Financials for WCSF

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$27,873,413
Investment income and dividends$5,930,697
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-260,608
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$33,543,502

Form 990s for WCSF

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-07990View PDF
2022-122023-10-26990View PDF
2021-122022-11-02990View PDF
2020-122021-10-25990View PDF
2019-122021-06-08990View PDF
...and 9 more Form 990s
Data update history
December 5, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 4, 2023
Updated personnel
Identified 2 new personnel
November 28, 2023
Used new vendors
Identified 2 new vendors, including , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizationsChapter / child organizations
Issues
Community improvementBusiness and industry
Characteristics
State / local levelNo full-time employees
General information
Address
233 Mount Airy Rd
Basking Ridge, NJ 07920
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Somerset County, NJ
Website URL
njguaranty.org/ 
Phone
(908) 382-7100
IRS details
EIN
27-2030868
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2010
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
Subordinate organization
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