Illinois Fair Plan Association

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To provide basic and affordable property insurance to applicants in Illinois (see schedule o)who are unable to purchase coverage through the standard insurance market.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-2688813) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$388K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $753K a year · 20% of revenue · last 6 filings
A surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$388K
to officers and key staff · 10% of spending
Pay to officers and key staff is 10% of spending.
Part VII, Section A
4.6 mo
of spending, in cash
Plus $8.1M in investments, Pt X · Ln 11–13
4.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.0M
44% of total assets
Liabilities are 44% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$5.0M
+20% vs prior year
Spent
$3.9M
Net assets
$6.4M
By yearFY2020–FY2025
Revenue
$5.0M
FY2025▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$3.3M
FY2022$3.2M
FY2023$3.4M
FY2024$4.2M
FY2025$5.0M
Expenses
$3.9M
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.2M
FY2021$3.7M
FY2022$4.0M
FY2023$6.3M
FY2024$4.2M
FY2025$3.9M
Net assets
$6.4M
FY2025+0.2%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.5M
FY2021$6.3M
FY2022$7.0M
FY2023$6.0M
FY2024$6.3M
FY2025$6.4M

From the FY2025 Form 990 (year ending November 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1970.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

13 people listed on the 990; $388K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$236,024Pt VII · Sec A
Claims Manager
$106,702Pt VII · Sec A
$10,400Pt VII · Sec A
$8,800Pt VII · Sec A
$8,800Pt VII · Sec A
$8,800Pt VII · Sec A
$4,000Pt VII · Sec A
$4,000Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Joseph Hathaway$236,024$223,589$208,934$196,075$200,001$189,175
Dale Wheeler———$169,439$157,457$145,695
Snehal Pandya———$119,549$116,733$113,403
Paul Rogers$106,702$102,934————
Kenneth Devries$8,800$8,800$7,200$7,200$18,000$4,200
Charles Hill SR$8,800$8,000$7,200$7,200$18,000$4,800
Rebecca Korach Woan$10,400$7,200$7,200$8,000$3,200—
R Joy Aruguete$8,800$8,000$5,600$4,800$5,200$2,400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Illinois Fair Plan Association executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers affordable property insurance to Illinois residents denied coverage elsewhere.

Questions for Illinois Fair Plan Association

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Your first name shows with your question. Illinois Fair Plan Association answers here, for everyone.

1 program · in their own filed words · FY2024
01

Under illinois state statue, the association provides fire, homeowners, extended coverage, vandalism, and malicious mischief insurance for state residents who have been unable to obtain these types of insurance in the voluntary market.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-2688813) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $90K · 2019–2024

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$5.0M
Ln 12
Fees for servicesLn 2g$4.6M
Investment incomeLn 3$372K
Other incomeLn 4–11$41K
Money outPt IX
$3.9M
Ln 25
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$11.3M
LiabilitiesLn 26$5.0M
PeoplePt VI, VII
13
listed · VII A
PaidVII A8
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.6M
Investment incomeLn 3$372K
Other incomeLn 4–11$41K
Gains on assetsLn 7$10K
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.5M
Accounts receivableLn 4$585K
InvestmentsLn 11–13$8.1M
Other assetsLn 15$1.1M
Total assetsLn 16$11.3M
LiabilitiesLn 26$5.0M
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderNovember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$578K$1.5M
InvestmentsLn 11–13$7.8M$8.1M
Total assetsLn 16$10.1M$11.3M
LiabilitiesLn 26$3.8M$5.0M
Net assetsLn 32$6.3M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K
Pay of officers and key staff (Part IX, line 5)Ln 5$368K
Other salaries and wagesLn 7$278K
Pension plan contributionsLn 8$50K
Other employee benefitsLn 9$100K
Payroll taxesLn 10$35K
Legal feesLn 11b$46K
Accounting feesLn 11c$21K
Investment management feesLn 11f$38K
Other fees for servicesLn 11g$542K
Advertising and promotionLn 12$1K
Office expensesLn 13$293K
Information technologyLn 14$2K
OccupancyLn 16$38K
TravelLn 17$4K
Depreciation, depletion and amortizationLn 22$17K
InsuranceLn 23$87K
Other expenses (24a–d)Ln 24$2.0M
Total functional expensesLn 25$3.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Mar 23, 2026 $5.0M$3.9M$1.1M$6.4M 990 PDF
FY2024Filed with the IRS Mar 18, 2025 $4.2M$4.2M−$8K$6.3M 990 PDF
FY2023Filed with the IRS Apr 10, 2024 $3.4M$6.3M−$2.9M$6.0M 990 PDF
FY2022Filed with the IRS Apr 12, 2023 $3.2M$4.0M−$826K$7.0M 990 PDF
FY2021Filed with the IRS Jul 14, 2022 $3.3M$3.7M−$414K$6.3M 990 PDF
FY2020Filed with the IRS May 10, 2021 $3.7M$5.2M−$1.5M$3.5M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2025 990
Part I · Summary $4,986,878 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $3,921,612$4,573,659
I-10 Investment incomePrior year $204,621$381,363
I-11 Other revenuePrior year $28,108$31,856
I-12 Total revenuePrior year $4,154,341$4,986,878
I-13 Grants and similar amounts paidPrior year $10,000$10,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,015,997$830,536
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,136,243$3,090,525
I-18 Total expensesPrior year $4,162,240$3,931,061
I-19 Revenue less expensesPrior year −$7,899$1,055,817
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,986,878 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,573,659$4,573,659
VIII-3 Investment incomeExcluded from tax $371,759$371,759
VIII-6 Net rental income or lossExcluded from tax $31,655$31,655
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,604$9,604
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $201$201
VIII-12 Total revenueRelated to mission $4,573,659 · Unrelated business $0 · Excluded from tax $413,219$4,986,878
Part IX · Statement of functional expenses $3,931,061 across 18 lines filed
IX-1 Grants to domestic organizations$10,000
IX-5 Pay of officers and key staff (Part IX, line 5)$367,507
IX-7 Other salaries and wages$278,104
IX-8 Pension plan contributions$49,806
IX-9 Other employee benefits$99,813
IX-10 Payroll taxes$35,306
IX-11b Legal fees$45,580
IX-11c Accounting fees$21,000
IX-11f Investment management fees$37,654
IX-11g Other fees for services$541,740
IX-12 Advertising and promotion$1,419
IX-13 Office expenses$292,935
IX-14 Information technology$1,746
IX-16 Occupancy$37,514
IX-17 Travel$4,174
IX-22 Depreciation, depletion and amortization$16,563
IX-23 Insurance$87,306
IX-24 Other expenses (24a–d)$2,002,894
IX-25 Total functional expenses$3,931,061
Part X · Balance sheet $11,326,529 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $577,716$1,493,860
X-4 Accounts receivableStart of year $613,210$585,474
X-11 Publicly traded securitiesStart of year $7,838,074$8,110,664
X-15 Other assetsStart of year $1,063,992$1,136,531
X-16 Total assetsStart of year $10,092,992$11,326,529
X-17 Accounts payable and accrued expensesStart of year $131,415$136,547
X-25 Other liabilitiesStart of year $3,624,948$4,839,514
X-26 Total liabilitiesStart of year $3,756,363$4,976,061
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $6,336,629$6,350,468
X-32 Total net assets or fund balancesStart of year $6,336,629$6,350,468
X-33 Total liabilities and net assetsStart of year $10,092,992$11,326,529
Part XI · Reconciliation of net assets $6,350,468 net assets at year end
XI-1 Total revenue$4,986,878
XI-2 Total expenses$3,931,061
XI-3 Revenue less expenses$1,055,817
XI-4 Net assets at start of year$6,336,629
XI-9 Other changes in net assets−$1,041,978
XI-10 Net assets at end of year$6,350,468

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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