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← MISSISSIPPI WORKERS COMPENSATION SELF INSURER GUARANTY ASSC

Form 990 for tax year 2024

Filed by MISSISSIPPI WORKERS COMPENSATION SELF INSURER GUARANTY ASSC.

Totals

Total revenue
$63,572
Total expenses
$56,122
Contributions and grants received
$10,000
Grants paid
$0
Program service revenue
$0
Investment income
$53,572
Other revenue
$0
Total assets, end of year
$1,164,451
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,164,451
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $10,000

  • 3 · Investment income

    total $56,882 · excluded $56,882

  • 7a · Gross sales of assets other than inventory

    securities $146,690

  • 7b · Less cost or other basis and sales expenses

    securities $150,000

  • 7c · Gain or loss

    securities -$3,310

  • 7d · Net gain or loss

    total -$3,310 · related or exempt -$3,310

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $8,364

  • 11c · Fees: accounting

    total $1,400

  • 11f · Fees: investment management

    total $11,414

  • 23 · Insurance

    total $34,944

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,891 · end of year $24,344

  • 2 · Savings and temporary cash investments

    beginning of year $1,138,810 · end of year $1,140,107

  • 27 · Net assets without donor restrictions

    beginning of year $1,162,701 · end of year $1,164,451

Mission and programs · 2024

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE MECHANISMS FOR THE PAYMENT OF COVERED CLAIMS UNDER SELF-INSURANCE COVERAGE, TO AVOID EXCESSIVE DELAY IN PAYMENT AND TO AVOID FINANCIAL LOSS DUE TO THE INSOLVENCY OF A SELF-INSURER.

Activities or mission (Part I)

TO PROVIDE MECHANISMS FOR THE PAYMENT OF COVERED CLAIMS UNDER SELF-INSURANCE COVERAGE, TO AVOID EXCESSIVE DELAY IN PAYMENT AND TO AVOID FINANCIAL LOSS TO CLAIMANTS DUE TO THE INSOLVENCY OF A SELF-INSURER.

  • PROVIDING MECHANISMS FOR THE PAYMENT OF COVERED CLAIMS UNDER SELF-INSURANCE COVERAGE, AVOIDING EXCESSIVE DELAY IN PAYMENT AND AVOIDING FINANCIAL LOSS TO CLAIMANTS DUE TO THE INSOLVENCY OF A SELF-INSURER.

As filed on the 2024 return.

Listed in Part VII

  • Michael Callahan

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • Cora Beth Hartfield

    SECRETARY TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Marty Milstead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Ricky Saltzman

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • Wendy Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
20 February 2025
IRS schema version
2024v5.0
Source object
202520519349301022

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