Oregon Fair Plan Association FY2020 filing

Beaverton, ORUnknown exempt organization EIN 93-0571699Revenue $877K in FY2020Latest return filed Sep 5, 2025

On file with the IRSorfairplan.comBeaverton, OR

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To ensure that all eligible property in the state of Oregon can obtain essential property insurance for those who are unable to qualify for coverage under traditional insurance providers.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 93-0571699) · Dispute this line
$75K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $29K a year · 2% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 5% of spending
Pay to officers and key staff is 5% of spending.
Part VII, Section A
1.8 mo
of spending, in cash
Plus $3.2M in investments, Pt X · Ln 11–13
1.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$512K
15% of total assets
Liabilities are 15% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$877K
Spent
$1.6M
To programs
0%
Net assets
$3.0M
By yearFY2020–FY2024
Revenue
$877K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$877K
FY2021$884K
FY2022$1.1M
FY2023$1.9M
FY2024$2.7M
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$1.1M
FY2023$1.5M
FY2024$1.9M
Net assets
$3.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$2.3M
FY2022$2.1M
FY2023$2.5M
FY2024$3.3M

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Who runs it and what they're paid

6 people listed on the 990; $75K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Dir.
$75,000Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Steve Steinbeck$148,537$119,904———
Phil Benson—$85,538$80,492$77,077$75,000

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 Oregon 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

Provides essential property insurance for Oregon properties unable to get traditional coverage.

Questions for Oregon Fair Plan Association

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1 program · in their own filed words · FY2020
01

To ensure that all eligible property in the State of Oregon can obtain essential property insurance for those who are unable to qualify for coverage under traditional insurance providers.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 93-0571699) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$877K
Ln 12
Fees for servicesLn 2g$794K
Investment incomeLn 3$83K
Money outPt IX
$1.6M
Ln 25
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$240K
Total assetsLn 16$3.5M
LiabilitiesLn 26$512K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$794K
Investment incomeLn 3$83K
Gains on assetsLn 7$0
Total revenueLn 12$877K
Assets in detailPt X, end of year
CashLn 1$240K
Cash and savings togetherLn 1–2$240K
Accounts receivableLn 4$24K
InvestmentsLn 11–13$3.2M
Total assetsLn 16$3.5M
LiabilitiesLn 26$512K
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 53
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$608K$240K
InvestmentsLn 11–13$3.5M$3.2M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$4.1M$3.5M
LiabilitiesLn 26$508K$512K
Net assetsLn 32$3.6M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$75K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$120K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$57K
Payroll taxesLn 10$16K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$29K
Advertising and promotionLn 12$0
Office expensesLn 13$29K
Information technologyLn 14$86K
RoyaltiesLn 15$0
OccupancyLn 16$48K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$12K
Other expenses (24a–d)Ln 24$1.1M
All other expensesLn 24e$6K
Total functional expensesLn 25$1.6M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Sep 5, 2025 $2.7M$1.9M$815K$3.3M 990 PDF
FY2023Filed with the IRS Nov 13, 2024 $1.9M$1.5M$371K$2.5M 990 PDF
FY2022Filed with the IRS Nov 13, 2023 $1.1M$1.1M−$29K$2.1M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $884K$1.5M−$613K$2.3M 990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021 $877K$1.6M−$691K$3.0M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $876,942 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $792,038$794,110
I-10 Investment incomePrior year $57,129$82,832
I-11 Other revenue$0
I-12 Total revenuePrior year $849,167$876,942
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $271,186$268,192
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $469,368$1,299,281
I-18 Total expensesPrior year $740,554$1,567,473
I-19 Revenue less expensesPrior year $108,613−$690,531
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $876,942 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $794,110$794,110
VIII-3 Investment incomeExcluded from tax $82,832$82,832
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $794,110 · Excluded from tax $82,832$876,942
Part IX · Statement of functional expenses $1,567,473 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$75,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$120,103
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$56,959
IX-10 Payroll taxes$16,130
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$29,217
IX-12 Advertising and promotion$0
IX-13 Office expenses$29,141
IX-14 Information technology$86,352
IX-15 Royalties$0
IX-16 Occupancy$48,045
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$12,003
IX-24 Other expenses (24a–d)$1,088,408
IX-24e All other expenses$6,115
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,567,473
Part X · Balance sheet $3,500,763 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $608,335$240,321
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $24,138$23,639
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $3,503,542$3,236,803
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $4,136,015$3,500,763
X-17 Accounts payable and accrued expensesStart of year $71,636$86,563
X-19 Deferred revenueStart of year $435,914$425,837
X-26 Total liabilitiesStart of year $507,550$512,400
X-31 Retained earnings or endowmentStart of year $3,628,465$2,988,363
X-32 Total net assets or fund balancesStart of year $3,628,465$2,988,363
X-33 Total liabilities and net assetsStart of year $4,136,015$3,500,763
Part XI · Reconciliation of net assets $2,988,363 net assets at year end
XI-1 Total revenue$876,942
XI-2 Total expenses$1,567,473
XI-3 Revenue less expenses−$690,531
XI-4 Net assets at start of year$3,628,465
XI-5 Net unrealized gains (losses) on investments$78,583
XI-7 Investment expenses−$28,154
XI-10 Net assets at end of year$2,988,363

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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