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MISSISSIPPI INSURANCE GUARANTY ASSOCIATION FOUNDATION

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Public IRS 990 nonprofit record

MISSISSIPPI INSURANCE GUARANTY ASSOCIATION FOUNDATION

EIN 23-7366411 · Professional Athletic Leagues (N80)

What they do

OUR MISSION is to MANAGE IN A PROFESSIONAL and TIMELY MANNER THE PROPERTY-CASUALTY INSOLVENCIES for WHICH MIGA is RESPONSIBLE BY DISCHARGING ASSOCIATION DUTIES IN ACCORDANCE WITH GOVERNING STATUTES and PLAN of OPERATING PROVISIONS.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

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Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2019The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$729.25spent for every $100 of revenueSpending was higher than revenue this year.
$3.70in assets for every $1 spent this yearSome assets cannot be spent right away.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $26,786,195 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $172,114 for ARTHUR RUSSELL (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2019

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$4,256,813
Expenses$31,043,008
Annual shortfall $26,786,195 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$4,256,813
Expenses$31,043,008
Assets$114,951,443
Income$27,818,468
Stocks and bonds$111,920,296
Investing fees$164,480
People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
ARTHUR RUSSELLEXECUTIVE DIRECTOR · 40 hrs/week $172,114

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

ARTHUR RUSSELLEXECUTIVE DIRECTOR

BECKY HILLHOUSE AMFED NATIONALCLAIM COMM

BRYAN HUBBARD ALFA INSURANCE COSECRETARY/TREASURER/EXEC C

CAREY BREEDLOVE TRAVELERS INS COINVESTMENT COMM

CARLY HERMANSON ALLSTATE INSURANCELEGISLATIVE COMM

CLINT FISHER MS FARM BUREAU INSCLAIM COMM

GREG MCLEMORE ASCOT GROUPINVESTMENT COMM

JEFFREY CARVER BERKLEY SOUTHEAST INVICE CHAIRMAN/PERSONNEL CO

JIM ROWLES MS FARM BUREAUCHAIRMAN/EXECUTIVE COMM

LISA WATSON EMCCLAIM COMM

RAY WAUGH NATIONWIDE INSURANCE COLEGISLATIVE COMM

TIFFANY HAWKINS FCCI INSURANCE GROUINVESTMENT COMM-CHAIR

About this charity

Recognized since
January 1974
Location
1095 COMMUNITY BANK WAY SUITE 120, FLOWOOD, MS 39232-0000
County
Madison
In care of
ARTHUR RUSSELL
Primary officer
ARTHUR RUSSELL, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2019
Tax period began
January 1, 2019
Return type
990
Tax preparer
LEFOLDT & CO PA
NTEE classification
Professional Athletic Leagues (N80)
IRS tax category
Professional Athletic Leagues

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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