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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Minnesota Insurance Guaranty Association

Minnesota Insurance Guaranty Association

Fiscal year ending 2017. Filed on September 4, 2018.

7600 Parklawn Ave Ste 460
Edina, Minnesota 55435

Minnesota Insurance Guaranty Association (EIN: 41-6140766) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2017 IRS Form 990 filing, Minnesota Insurance Guaranty Association, a 501(c)(6) business league, reported compensation for 2 out of 7 total employees. Among the employees shown here, the average compensation is $126,245. The highest compensated employee at Minnesota Insurance Guaranty Association is Paul Steffen with fiscal year 2017 compensation of $163,047.

Revenue, expenses, and employee compensation

Revenue

$13,246,445

Expenses

$12,080,804

Employee compensation

$639,242
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Paul Steffen
Executive Director THRU August
$163,047
$133,257 No related comp$29,790
Robert Farber
Executive Director Starting SEPT
$89,442
$86,056 No related comp$3,386

Benchmark Employee Compensation

Non-Employee Board Members

Andrew Whitman
Member
Jeff Kusch
Member
Lee Smiertelny
Secretary and Treasurer
Matthew Canedy
Member
Michael F McGovern
Vice Chair
Richard Long
Member
Robert T Lund
Member
Vicky Rizzolo
Chair

Contractors

Mccollum Crowley
Legal Representation
$202,823
Cousineau Waldhauser & Kieselbach PA
Legal Representation
$150,932

Mission Statement

TO PROVIDE A METHOD OF PAYMENT FOR CERTAIN CLAIMS AGAINST INSOLVENT INSURANCE COMPANIES.

Revisions to this organization profile

November 17, 2025:
2024 Minnesota Insurance Guaranty Association 990 filed
September 20, 2024:
2023 Minnesota Insurance Guaranty Association 990 filed
August 28, 2023:
2022 Minnesota Insurance Guaranty Association 990 filed

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