Overview

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Est.

1970

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Georgia Insurers Insolvency Pool (EIN: 58-1391591) is a nonprofit organization dedicated to providing protections to policyholders of insolvent insurers in accordance with OCGA 33-36-1 et seq. Operating with a budget of $2 million and generating total revenue of $5.5 million in 2024, the organization plays a crucial role in the insurance sector within Georgia. It does not rely on a single funder for 50% or more of its revenue.

Mission Statement

THE POOL WAS ESTABLISHED TO PROVIDE CERTAIN PROTECTIONS TO POLICYHOLDERS OF INSOLVENT INSURERS IN ACCORDANCE WITH OCGA 33-36-1 ET SQ.
Revenues
$5.5M
Expenses
$8M
Net Income:
-$2.5M
Assets
$142.5M
Liabilities
$0
Net Assets:
+$142.5M
Operating Budget
$2M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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S
Scott McDonough
Board Member
J
Jacqueline M Schaendorf
Board Member
G
Gary Willis
Board Member

Frequently Asked Questions

What is GEORGIA INSURERS INSOLVENCY POOL’s budget?
In 2024, GEORGIA INSURERS INSOLVENCY POOL reported an annual operating budget of around $2 million. More detailed financial information is available to registered users.
What causes does GEORGIA INSURERS INSOLVENCY POOL support?
GEORGIA INSURERS INSOLVENCY POOL supports work in Insurance.
Where does GEORGIA INSURERS INSOLVENCY POOL operate?
GEORGIA INSURERS INSOLVENCY POOL is headquartered in Duluth, GA.