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Nonprofiteer
← DMG INSURANCE COMPANY INC

Form 990 for tax year 2024

Filed by DMG INSURANCE COMPANY INC.

Totals

Total revenue
$4,823,506
Total expenses
$2,281,690
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,770,400
Investment income
$1,053,106
Other revenue
$0
Total assets, end of year
$33,556,968
Total liabilities, end of year
$14,900,581
Net assets or fund balances, end of year
$18,656,387
Program services expenses (Part IX)
$2,119,709
Management and general expenses
$161,981
Fundraising expenses
$0
Program service expenses (Part III)
$2,119,709

Program services were 92.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DR KOTE CHUNDU

    CHAIRMAN OF THE BOARD

    Total calculated
    $1,526,550
    From this org
    $0
    From related orgs
    $1,427,352
    Other
    $99,198
    Hours/week
    0.3 + 65 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,088,161 related
    Bonus
    $0 + $335,000 related
    Other
    $0 + $4,191 related
    Deferred
    $0 + $69,000 related
    Nontaxable benefits
    $0 + $30,198 related
    Filer's total
    $0 + $1,526,550 related

  • PHYLLIS BIEDESS

    BOARD MEMBER

    Total calculated
    $15,480
    From this org
    $0
    From related orgs
    $15,480
    Other
    $0
    Hours/week
    0.1 + 0.5 related

  • CRAIG JONES

    PRESIDENT, CEO & TREASURER

    Total calculated
    $397,546
    From this org
    $0
    From related orgs
    $332,004
    Other
    $65,542
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $303,248 related
    Bonus
    $0 + $25,475 related
    Other
    $0 + $3,281 related
    Deferred
    $0 + $40,591 related
    Nontaxable benefits
    $0 + $24,951 related
    Filer's total
    $0 + $397,546 related

  • DR DANIEL GRIDLEY

    VICE PRESIDENT

    Total calculated
    $849,966
    From this org
    $0
    From related orgs
    $755,643
    Other
    $94,323
    Hours/week
    0.1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $553,804 related
    Bonus
    $0 + $31,021 related
    Other
    $0 + $170,818 related
    Deferred
    $0 + $41,400 related
    Nontaxable benefits
    $0 + $52,923 related
    Filer's total
    $0 + $849,966 related

  • YVONNE MASTERS

    VICE PRESIDENT

    Total calculated
    $163,062
    From this org
    $0
    From related orgs
    $141,827
    Other
    $21,235
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $131,742 related
    Bonus
    $0 + $9,287 related
    Other
    $0 + $798 related
    Deferred
    $0 + $2,917 related
    Nontaxable benefits
    $0 + $18,318 related
    Filer's total
    $0 + $163,062 related

  • PATRICIA BAYLESS

    SECRETARY

    Total calculated
    $319,206
    From this org
    $0
    From related orgs
    $234,784
    Other
    $84,422
    Hours/week
    0.3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,178 related
    Bonus
    $0 + $16,277 related
    Other
    $0 + $26,329 related
    Deferred
    $0 + $60,402 related
    Nontaxable benefits
    $0 + $24,020 related
    Filer's total
    $0 + $319,206 related

  • DENISE ATWOOD

    VICE PRESIDENT

    Total calculated
    $27,122
    From this org
    $0
    From related orgs
    $24,465
    Other
    $2,657
    Hours/week
    0.5 + 10 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART 1, LINE 3:
ALL DIRECTORS ARE PAID BY THE SUPPORTED ORGANIZATION ACCORDING TO THE GUIDELINES OF THE SUPPORTED ORGANIZATION'S COMPENSATION PLAN. NONE OF THE COMPENSATION PAID BY THE SUPPORTED ORGANIZATION IS DIRECTLY RELATED TO THE DUTIES PERFORMED AS DIRECTORS AND OFFICERS OF DMG INSURANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523179349309657

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