Overview
What is Arkansas Self-Insurers Guaranty Fund Inc?
Arkansas Self-Insurers Guaranty Fund Inc is a nonprofit organization, established in 1992, with a mission to safeguard workers' compensation benefits for private employers in Arkansas who self-insure. Headquartered in Little Rock, the organization provides support to these employers in case of financial difficulties, acting as a guaranty fund. This ensures that workers' compensation benefits are maintained, even if the self-insured employer faces financial challenges. The Arkansas Self-Insurers Guaranty Fund Inc is a vital resource for private sector employers in the state, ensuring the continuity of workers' compensation benefits.
Is Arkansas Self-Insurers Guaranty Fund Inc legitimate?
Arkansas Self-Insurers Guaranty Fund Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Arkansas Self-Insurers Guaranty Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $6,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Arkansas Self-Insurers Guaranty Fund Inc?
The Arkansas Self-Insurers Guaranty Fund Inc, established in 1992, is a nonprofit organization with a primary purpose. It serves as a safeguard for private employers who self-insure for Workers' Compensation in Arkansas. The fund's mission is to ensure the protection of workers' compensation benefits, safeguarding the financial security of employees in case their employers face financial difficulties. The Guaranty Fund operates under the Arkansas Workers' Compensation Commission, recognizing its self-insured members.
Who is the CEO of Arkansas Self-Insurers Guaranty Fund Inc?
David Walter is the Executive Director of Arkansas Self-Insurers Guaranty Fund Inc.
What is the revenue of Arkansas Self-Insurers Guaranty Fund Inc?
Arkansas Self-Insurers Guaranty Fund Inc's revenue in 2022 was $482,726.
Who are the executives of Arkansas Self-Insurers Guaranty Fund Inc and what are their salaries?
There 8 volunteers at Arkansas Self-Insurers Guaranty Fund Inc.
Here are 9 key members and their salaries:
- Compensation: $6,000
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Arkansas Self-Insurers Guaranty Fund Inc?
Arkansas Self-Insurers Guaranty Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Arkansas Self-Insurers Guaranty Fund Inc
The Arkansas Self-Insurers Guaranty Fund Inc, established in 1992, serves as a safeguard for private employers who self-insure for Workers' Compensation in the state. This nonprofit organization, recognized by the Arkansas Workers' Compensation Commission, is committed to a mission of protecting workers' compensation benefits. By doing so, it ensures that employees receive the necessary financial support in the event of work-related injuries or illnesses, thereby maintaining the integrity of the Workers' Compensation system.
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Impact
October, 2024
The Arkansas Self-Insurers Guaranty Fund Inc plays a vital role in supporting private employers who opt for self-insurance for their Workers' Compensation in Arkansas. By providing a financial safety net, the Fund ensures that workers' compensation benefits are protected, even in the event of a self-insured employer facing financial difficulties. This support fosters a more stable environment for private sector employers, encouraging them to sustain their self-insured status without the constant fear of failing to meet their obligations to employees. Ultimately, the Fund enhances the reliability of workers' compensation coverage within the state, benefiting both employers and their workforce by ensuring that employees receive the benefits they are entitled to in case of work-related injuries or illnesses.
This information is meant to be a general summary of Arkansas Self-Insurers Guaranty Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $368,807
- Program Service Revenue: $82,500
- Gross Receipts: $1,800,261
Assets and Liabilities:
- Total Assets: $14,364,878
- Total Liabilities: $94,150
- Net Assets: $14,270,728
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Assessments
Revenue
$82,500
Organization Details
Founding Year
1992
Phone
(501) 454-3611Principal Officer
David Walter
Main Address
2807 Charter Oak, Little Rock, AR, 72227
NTEE Category
Code: Y99 - Mutual benefit
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