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Filing year 2024

MISSISSIPPI INSURANCE GUARANTY ASSOCIATION FOUNDATION

Flowood, Mississippi·EIN 23-7366411·501(c)(6)
Total revenue
$3.6M
Total assets
$111.1M
Total expenses
-$17.8M
Reported officers
12
Mission

OUR MISSION IS TO MANAGE IN A PROFESSIONAL AND TIMELY MANNER THE PROPERTY-CASUALTY INSOLVENCIES FOR WHICH MIGA IS RESPONSIBLE BY DISCHARGING ASSOCIATION DUTIES IN ACCORDANCE WITH GOVERNING STATUTES AND PLAN OF OPERATING PROVISIONS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Director
Median to 75th percentile
$164k
$174k
Base
$164k
Bonus
Other
Benefits

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 11 unpaid individuals.

Up 7%
from 2023

From $153k in 2023 to $164k in 2024.

$153k
2023
$164k
2024
In today's dollarsEst.
Up 4% in real terms$167k to $174k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 7% from 2023 to 2024, while revenue rose 35%.

$153k in 2023 to $164k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MISSISSIPPI INSURANCE GUARANTY ASSOCIATION FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.7M
2023
$3.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MISSISSIPPI INSURANCE GUARANTY ASSOCIATION FOUNDATION

What does the Chief Executive Officer of MISSISSIPPI INSURANCE GUARANTY ASSOCIATION FOUNDATION earn?

In 2024, the Chief Executive Officer of MISSISSIPPI INSURANCE GUARANTY ASSOCIATION FOUNDATION received $163,918 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MISSISSIPPI INSURANCE GUARANTY ASSOCIATION FOUNDATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MISSISSIPPI INSURANCE GUARANTY ASSOCIATION FOUNDATION falls between the median and the 75th percentile.

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