Maine Insurance Guaranty Association

Boston, MA
Tax-exempt since June 1973
EIN: 23-7292624

Receive an email when new data is available for this organization.

Type of Nonprofit

Designated as a 501(c)(6) Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Revenue

$1.83M (2024)

Expenses

$422k (2024)

Total Assets

$30.8M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$1,833,855

Expenses

$421,579

Net Income

$1,412,276

Net Assets

$30,848,271

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,006,726	54.9%
Investment Income	$962,158	52.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$135,029
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$30,848,271
Total Liabilities	$0
Net Assets	$30,848,271

Compensation

Key Employees and Officers	Compensation	Related	Other
Lincoln J Merrill Chair (Representing Patriot Insurance Company)	$0	$0	$0
Mark Pettingill Vice Chair (Representing Patrons Oxford Insurance Co.)	$0	$0	$0
William Cahill Board Member (Representing Vermont Mutual Insurance Co.)	$0	$0	$0
Dave Mc Pherson Board Member (Representing Mmg Insurance Company)	$0	$0	$0
Adam Robitaille Board Member (Representing Farmers P&C Insurance Co.)	$0	$0	$0
Maisie Russell Board Member (Representing Travelers Indemnity Company)	$0	$0	$0
Doug Taylor Board Member (Representing Liberty Mutual Insurance Company)	$0	$0	$0

+ View more people

990

Filed on Nov. 14, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$633,920

Expenses

$4,259,072

Net Income

-$3,625,152

Net Assets

$29,435,995

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$530,827	83.7%
Investment Income	$789,436	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$686,343
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$29,435,995
Total Liabilities	$0
Net Assets	$29,435,995

Compensation

Key Employees and Officers	Compensation	Related	Other
Lincoln J Merrill Chair (Representing Patriot Insurance Company)	$0	$0	$0
Mark Pettingill Vice Chair (Representing Patrons Oxford Insurance Co.)	$0	$0	$0
William Cahill Board Member (Representing Vermont Mutual Insurance Co.)	$0	$0	$0
Dave Mc Pherson Board Member (Representing Mmg Insurance Company)	$0	$0	$0
Adam Robitaille Board Member (Representing Farmers P&C Insurance Co.)	$0	$0	$0
Maisie Russell Board Member (Representing Travelers Indemnity Company)	$0	$0	$0
Doug Taylor Board Member (Representing Liberty Mutual Insurance Company)	$0	$0	$0

+ View more people

990

Filed on Nov. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$511,048

Expenses

$2,741,361

Net Income

-$2,230,313

Net Assets

$33,061,147

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$529,567	> 100%
Investment Income	$381,604	74.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$400,123
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$33,061,147
Total Liabilities	$0
Net Assets	$33,061,147

Compensation

Key Employees and Officers	Compensation	Related	Other
Lincoln J Merrill Chair (Representing Patriot Insurance Company)	$0	$0	$0
Mark Pettingill Vice Chair (Representing Patrons Oxford Insurance Co.)	$0	$0	$0
William Cahill Board Member (Representing Vermont Mutual Insurance Co.)	$0	$0	$0
Dave Mc Pherson Board Member (Representing Mmg Insurance Company)	$0	$0	$0
Adam Robitaille Board Member (Representing Farmers P&C Insurance Co.)	$0	$0	$0
David D Sutera Board Member (Representing Travelers Indemnity Company)	$0	$0	$0
Doug Taylor Board Member (Representing Liberty Mutual Insurance Company)	$0	$0	$0

+ View more people

990

Filed on Nov. 9, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$3,682,476

Expenses

$3,090,893

Net Income

$591,583

Net Assets

$35,291,460

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,289,145	89.3%
Investment Income	$341,885	9.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$51,446	1.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$35,291,460
Total Liabilities	$0
Net Assets	$35,291,460

Compensation

Key Employees and Officers	Compensation	Related	Other
Lincoln J Merrill Chair (Representing Patriot Insurance Company)	$0	$0	$0
Mark Pettingill Vice Chair (Representing Patrons Oxford Insurance Co.)	$0	$0	$0
William Cahill Board Member (Representing Vermont Mutual Insurance Co.)	$0	$0	$0
Dave Mc Pherson Board Member (Representing Mmg Insurance Company)	$0	$0	$0
David D Sutera Board Member (Representing Travelers Indemnity Company)	$0	$0	$0
Doug Taylor Board Member (Representing Liberty Mutual Insurance Company)	$0	$0	$0
Jaynine Warner Board Member (Representing Farmers P&C Insurance Co.)	$0	$0	$0

+ View more people

990

Filed on Nov. 16, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$1,279,957

Expenses

$1,960,027

Net Income

-$680,070

Net Assets

$34,699,877

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	-$97,502
Investment Income	$682,347	53.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$695,112	54.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$34,699,877
Total Liabilities	$0
Net Assets	$34,699,877

Compensation

Key Employees and Officers	Compensation	Related	Other
Timothy Vernon Chair (Representing Mmg Insurance Company)	$0	$0	$0
Lincoln J Merrill Vice Chair (Representing Patriot Insurance Company)	$0	$0	$0
William Cahill Board Member (Representing Vermont Mutual Insurance Co.)	$0	$0	$0
Mark Pettingill Board Member (Representing Patrons Oxford Insurance Co.)	$0	$0	$0
Jeffrey Scott Board Member (Representing Liberty Mutual Insurance Company)	$0	$0	$0
David D Sutera Board Member (Representing Travelers Indemnity Company)	$0	$0	$0
Maura Travers Board Member (Representing Metropolitan P&C Insurance Co.)	$0	$0	$0

+ View more people

990

Filed on Dec. 2, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$3,697,694

Expenses

$2,395,858

Net Income

$1,301,836

Net Assets

$35,379,947

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,645,732	71.6%
Investment Income	$781,604	21.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$270,358	7.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$35,379,947
Total Liabilities	$0
Net Assets	$35,379,947

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$3,610,315

Expenses

$2,882,427

Net Income

$727,888

Net Assets

$34,078,111

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,144,813	87.1%
Investment Income	$701,188	19.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$235,686
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$34,078,111
Total Liabilities	$0
Net Assets	$34,078,111

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$2,730,806

Expenses

$2,497,425

Net Income

$233,381

Net Assets

$33,350,223

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,344,559	85.9%
Investment Income	$422,055	15.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$35,808
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$33,350,223
Total Liabilities	$0
Net Assets	$33,350,223

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$1,175,525

Expenses

$3,596,545

Net Income

-$2,421,020

Net Assets

$33,116,842

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$843,410	71.7%
Investment Income	$365,609	31.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$33,494
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$33,116,842
Total Liabilities	$0
Net Assets	$33,116,842

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$2,483,914

Expenses

$4,352,556

Net Income

-$1,868,642

Net Assets

$35,537,862

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,151,496	86.6%
Investment Income	$336,980	13.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$4,562
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$35,537,862
Total Liabilities	$0
Net Assets	$35,537,862

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$3,092,873

Expenses

$2,493,074

Net Income

$599,799

Net Assets

$37,406,503

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,756,220	89.1%
Investment Income	$377,953	12.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$41,300
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$37,406,503
Total Liabilities	$0
Net Assets	$37,406,503

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$2,717,752

Expenses

$4,137,176

Net Income

-$1,419,424

Net Assets

$36,806,705

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,347,102	86.4%
Investment Income	$538,980	19.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$168,330
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$36,806,705
Total Liabilities	$0
Net Assets	$36,806,705

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$6,229,513

Expenses

$3,947,289

Net Income

$2,282,224

Net Assets

$38,213,432

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,401,956	86.7%
Investment Income	$716,794	11.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$110,763	1.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$38,213,432
Total Liabilities	$0
Net Assets	$38,213,432

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$5,319,443

Expenses

$6,495,007

Net Income

-$1,175,564

Net Assets

$35,931,208

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,559,506	85.7%
Investment Income	$757,999	14.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,938	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$35,931,208
Total Liabilities	$0
Net Assets	$35,931,208

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 22, 2025

Maine Insurance Guaranty Association

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.83M (2024)

Expenses $422k (2024)

Total Assets $30.8M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Revenue

$1.83M (2024)

Expenses

$422k (2024)

Total Assets

$30.8M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004