Insurance Security Fund

Madison, WI
Tax-exempt since April 1974
EIN: 23-7365644

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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

$2.81M (2023)

Expenses

$4.21M (2023)

Total Assets

$35.8M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Revenue

$2,808,132

Expenses

$4,209,454

Net Income

-$1,401,322

Net Assets

$35,776,005

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,164,653	77.1%
Investment Income	$643,479	22.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$365,116	8.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$35,776,005
Total Liabilities	$0
Net Assets	$35,776,005

Compensation

Key Employees and Officers	Compensation	Related	Other
Allan Patek (Executive Director)	$229,977	$0	$0
Theresa Wedekind (Associate Director Operations Finance)	$135,139	$0	$0
Bryce Tolefree Board Member (American Family Insurance, Madison Wi)	$0	$0	$0
Nathan Houdek Board Member (Commissioner Of Insurance, Madison Wi)	$0	$0	$0
Joseph Decker Board Member (Qbe, Sun Prairie Wi)	$0	$0	$0
Heather Boyer Board Member (Society Insurance, Fond Du Lac, Wi)	$0	$0	$0
George E Burleton Ii Board Member (Humana, Green Bay Wi)	$0	$0	$0
Peter Farrow Board Member (Group Health Cooperative, Eau Claire Wi)	$0	$0	$0
John Wesley Warren Board Member (Northwestern Mutual Life Ins, Milwaukee Wi)	$0	$0	$0
John Leiber Board Member (Wi State Treasurer, Madison Wi)	$0	$0	$0
Sharon Hartung Board Member (Wps, Madison Wi)	$0	$0	$0
Gwendolyn Cooley Board Member (Assistant Attorney General, Madison Wi)	$0	$0	$0
Dawn Lemke Board Member (Church Mutual Ins, Merrill Wi)	$0	$0	$0
Christine Senty Board Member (Quartz, Sauk City Wi)	$0	$0	$0
Michael Tobin Board Member (New York Life Ins Co, New York Ny)	$0	$0	$0
Raina Zanow Chair (Sentry Insurance, Stevens Point Wi)	$0	$0	$0

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990

Filed on April 26, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$11,161,713

Expenses

$3,674,439

Net Income

$7,487,274

Net Assets

$37,173,342

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$10,852,075	97.2%
Investment Income	$309,638	2.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$330,944	9.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$37,173,342
Total Liabilities	$0
Net Assets	$37,173,342

Compensation

Key Employees and Officers	Compensation	Related	Other
Allan Patek (Executive Director)	$205,500	$0	$0
Theresa Wedekind (Associate Director Operations Finance)	$125,444	$0	$0
Bryce Tolefree Board Member (American Family Insurance, Madison Wi)	$0	$0	$0
Nathan Houdek Board Member (Commissioner Of Insurance, Madison Wi)	$0	$0	$0
Joseph Decker Chair (Qbe, Sun Prairie Wi)	$0	$0	$0
Heather Boyer Board Member (Society Insurance, Fond Du Lac, Wi)	$0	$0	$0
George E Burleton Ii Board Member (Humana, Green Bay Wi)	$0	$0	$0
Peter Farrow Board Member (Group Health Cooperative, Eau Claire Wi)	$0	$0	$0
James C Frasher Board Member (Northwestern Mutual Life Ins, Milwaukee Wi)	$0	$0	$0
Sara Godlewski Board Member (Wi State Treasurer, Madison Wi)	$0	$0	$0
Sharon Hartung Board Member (Wps, Madison Wi)	$0	$0	$0
Gwendolyn Cooley Board Member (Assistant Attorney General, Madison Wi)	$0	$0	$0
Dawn Lemke Board Member (Church Mutual Ins, Merrill Wi)	$0	$0	$0
Christine Senly Board Member (Quartz, Sauk City Wi)	$0	$0	$0
Michael Tobin Board Member (New York Life Ins Co, New York Ny)	$0	$0	$0
Raina Zanow Board Member (Sentry Insurance, Stevens Point Wi)	$0	$0	$0

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990

Filed on May 8, 2023

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$2,997,173

Expenses

$4,542,895

Net Income

-$1,545,722

Net Assets

$29,675,597

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,698,059	90.0%
Investment Income	$299,114	10.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$303,878	6.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$149,122	3.3%

Assets/Debt
Total Assets	$29,675,597
Total Liabilities	$0
Net Assets	$29,675,597

Compensation

Key Employees and Officers	Compensation	Related	Other
Allan Patek (Executive Director)	$186,128	$0	$0
Theresa Wedekind (Associate Director Operations Finance)	$117,750	$0	$0
Scott Seymour Board Member (American Family Insurance, Madison Wi)	$0	$0	$0
Mark Afable Board Member (Commissioner Of Insurance, Madison Wi)	$0	$0	$0
Jennifer Vernon Chair (Qbe, Sun Prairie Wi)	$0	$0	$0
Heather Boyer Board Member (Society Insurance, Fond Du Lac, Wi)	$0	$0	$0
George E Burleton Ii Board Member (Humana, Green Bay Wi)	$0	$0	$0
Peter Farrow Board Member (Group Health Cooperative, Eau Claire Wi)	$0	$0	$0
James C Frasher Board Member (Northwestern Mutual Life Ins, Milwaukee Wi)	$0	$0	$0
Sara Godlewski Board Member (Wi State Treasurer, Madison Wi)	$0	$0	$0
Sharon Hartung Board Member (Wps, Madison Wi)	$0	$0	$0
Gwendolyn Cooley Board Member (Assistant Attorney General, Madison Wi)	$0	$0	$0
Dawn Lemke Board Member (Church Mutual Ins, Merrill Wi)	$0	$0	$0
Christine Senly Board Member (Quartz, Sauk City Wi)	$0	$0	$0
Michael Tobin Board Member (New York Life Ins Co, New York Ny)	$0	$0	$0
Raina Zanow Board Member (Sentry Insurance, Stevens Point Wi)	$0	$0	$0

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990

Filed on May 3, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$1,904,522

Expenses

$3,435,530

Net Income

-$1,531,008

Net Assets

$31,205,260

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,372,453	72.1%
Investment Income	$532,069	27.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$293,500	8.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$109,203	3.2%

Assets/Debt
Total Assets	$31,205,260
Total Liabilities	$0
Net Assets	$31,205,260

Compensation

Key Employees and Officers	Compensation	Related	Other
Allan Patek (Executive Director)	$180,000	$0	$0
Theresa Wedekind (Office Manager)	$113,500	$0	$0
Mark Afable Board Member (Commissioner Of Insurance, Madison Wi)	$0	$0	$0
Jennifer Vernon Board Member (Qbe, Sun Prairie Wi)	$0	$0	$0
Heather Boyer Board Member (Society Insurance, Fond Du Lac, Wi)	$0	$0	$0
George E Burleton Ii Board Member (Humana, Green Bay Wi)	$0	$0	$0
Peter Farrow Board Member (Group Health Cooperative, Eau Claire Wi)	$0	$0	$0
James C Frasher Board Member (Northwestern Mutual Life Ins, Milwaukee Wi)	$0	$0	$0
Sara Godlewski Board Member (Wi State Treasurer, Madison Wi)	$0	$0	$0
Sharon Hartung Board Member (Wps, Madison Wi)	$0	$0	$0
Gwendolyn Cooley Board Member (Assistant Attorney General, Madison Wi)	$0	$0	$0
Dawn Lemke Board Member (Church Mutual Ins, Merrill Wi)	$0	$0	$0
Christine Senly Board Member (Quartz, Sauk City Wi)	$0	$0	$0
Michael Tobin Board Member (New York Life Ins Co, New York Ny)	$0	$0	$0
Raina Zanow Board Member (Sentry Insurance, Stevens Point Wi)	$0	$0	$0
Scott Seymour Chairman (American Family Insurance, Madison Wi)	$0	$0	$0

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990

Filed on May 5, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$5,302,179

Expenses

$3,836,035

Net Income

$1,466,144

Net Assets

$32,727,160

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,695,125	88.6%
Investment Income	$607,054	11.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$292,272	7.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$113,263	3.0%

Assets/Debt
Total Assets	$32,727,160
Total Liabilities	$0
Net Assets	$32,727,160

990

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

PDF

Fiscal Year Ending Dec.
2018

Revenue

$4,210,698

Expenses

$4,574,540

Net Income

-$363,842

Net Assets

$31,227,928

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,687,330	87.6%
Investment Income	$523,368	12.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$279,050	6.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$109,773	2.4%

Assets/Debt
Total Assets	$31,227,928
Total Liabilities	$0
Net Assets	$31,227,928

990

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

PDF

Fiscal Year Ending Dec.
2017

Revenue

$12,461,825

Expenses

$6,254,268

Net Income

$6,207,557

Net Assets

$31,586,231

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,114,228	97.2%
Investment Income	$347,597	2.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$165,500	2.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$230,514	3.7%

Assets/Debt
Total Assets	$31,586,231
Total Liabilities	$0
Net Assets	$31,586,231

990

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

PDF

Fiscal Year Ending Dec.
2016

Revenue

$2,344,696

Expenses

$4,440,521

Net Income

-$2,095,825

Net Assets

$25,378,674

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,914,344	81.6%
Investment Income	$430,352	18.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$151,147	3.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$224,740	5.1%

Assets/Debt
Total Assets	$25,378,674
Total Liabilities	$0
Net Assets	$25,378,674

990

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

PDF

Fiscal Year Ending Dec.
2015

Revenue

$5,304,709

Expenses

$3,876,422

Net Income

$1,428,287

Net Assets

$27,478,025

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,005,867	94.4%
Investment Income	$298,842	5.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$144,512	3.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$217,112	5.6%

Assets/Debt
Total Assets	$27,478,025
Total Liabilities	$0
Net Assets	$27,478,025

990

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$2,257,123

Expenses

$4,610,418

Net Income

-$2,353,295

Net Assets

$26,049,238

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,954,158	86.6%
Investment Income	$302,965	13.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$193,693	4.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$184,683	4.0%

Assets/Debt
Total Assets	$26,049,238
Total Liabilities	$0
Net Assets	$26,049,238

990

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,781,112

Expenses

$3,713,919

Net Income

-$1,932,807

Net Assets

$28,402,533

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,084,795	60.9%
Investment Income	$696,317	39.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$179,654	4.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$28,402,533
Total Liabilities	$0
Net Assets	$28,402,533

990

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$11,018,767

Expenses

$14,090,679

Net Income

-$3,071,912

Net Assets

$30,335,340

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$10,202,360	92.6%
Investment Income	$816,407	7.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$168,000	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$128,009	0.9%

Assets/Debt
Total Assets	$30,335,340
Total Liabilities	$0
Net Assets	$30,335,340

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$8,198,726

Expenses

$5,937,748

Net Income

$2,260,978

Net Assets

$33,407,252

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$7,265,032	88.6%
Investment Income	$933,694	11.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$163,000	2.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$171,426	2.9%

Assets/Debt
Total Assets	$33,407,252
Total Liabilities	$0
Net Assets	$33,407,252

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.

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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 »

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Raw filing data. Includes EINs and summary financials as structured data.
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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.
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Insurance Security Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.81M (2023)

Expenses $4.21M (2023)

Total Assets $35.8M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

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

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Revenue

$2.81M (2023)

Expenses

$4.21M (2023)

Total Assets

$35.8M (2023)

Total Liabilities

$0 (2023)

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