Overview
What is Property Insurance Plans Service Office Inc?
Property Insurance Plans Service Office Inc, headquartered in Boston, Massachusetts, is a nonprofit organization with just two dedicated employees. Their primary goal is to promote the efficient and economical operation of state residual property insurance plans. They achieve this by encouraging research, sharing operational knowledge, and technologies. Additionally, they gather and disseminate statistics related to the plans' operation. To support their mission, they provide education, training, and various services to plans and insurers, helping them fulfill their responsibilities in the residual market. To aid their members, they organize educational conferences and publish resources such as the Compendium of Property Insurance Plans, The PIPSO Report, Market Penetration Report, Expenses and Associate Ratios Report, and the PIPSO Directory. They also negotiate discounts with four vendors for their members. Furthermore, they conduct surveys for the membership and keep them informed about legislative issues that may impact them. Lastly, they manage all administrative aspects of running a non-profit membership organization.
Official website here: www.pipso.com
Is Property Insurance Plans Service Office Inc legitimate?
Property Insurance Plans Service Office Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Property Insurance Plans Service Office 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: $353,184
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.pipso.com
What is the mission statement of Property Insurance Plans Service Office Inc?
Property Insurance Plans Service Office Inc's mission is centered around promoting the efficient and economical operation of state residual property insurance plans. This is achieved by encouraging research, sharing operational knowledge and technologies, collecting and disseminating relevant statistics, and providing education and other services to plans and insurers. The organization's primary goal is to support the staff and governing boards of various state property insurance plans, enabling them to serve the public effectively and competently. To achieve this, PIPSO organizes educational conferences, publishes reports for its members, negotiates discounts with vendors, conducts surveys, and keeps members updated on legislative issues that could impact them. The administrative aspects of running the non-profit membership organization are also handled by PIPSO.
Official website here: www.pipso.com
Who is the CEO of Property Insurance Plans Service Office Inc?
Ronald A Cassesso is the Chairwoman of Property Insurance Plans Service Office Inc.
Official website here: www.pipso.com
What is the revenue of Property Insurance Plans Service Office Inc?
Property Insurance Plans Service Office Inc's revenue in 2022 was $707,949.
Official website here: www.pipso.com
Who are the executives of Property Insurance Plans Service Office Inc and what are their salaries?
The average compensation at Property Insurance Plans Service Office Inc during 2022 was $176,592. There are 2 employees at Property Insurance Plans Service Office Inc.
Here are 14 key members and their salaries:
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- Compensation: $190,556
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- Other: $81,445
- Compensation: $132,378
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- Other: $75,647
Official website here: www.pipso.com
Where can I find the form 990 for Property Insurance Plans Service Office Inc?
Property Insurance Plans Service Office Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pipso.com
Learn more at the official website: www.pipso.com
Mission Statement of Property Insurance Plans Service Office Inc
Property Insurance Plans Service Office (PIPSO) is dedicated to promoting the efficient and economical operation of state residual property insurance plans. They achieve this by encouraging research, sharing operational knowledge and technologies, collecting and disseminating relevant statistics, and providing education, training, and other services to the plans and insurers involved in the residual market. PIPSO's main objective is to support the staff and governing boards of various state property insurance plans, enabling them to serve the public effectively and competently. They strive to meet the needs of these entities by publishing informative resources for their members, such as the 'Compendium of Property Insurance Plans,' 'The PIPSO Report,' 'Market Penetration Report,' 'Expenses and Associate Ratios Report,' and the 'PIPSO Directory.' Additionally, PIPSO negotiates discounts for its members with several vendors and conducts surveys to keep them informed about legislative issues that may affect them. The organization also handles all administrative aspects of running a non-profit membership organization.
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Impact
October, 2024
Property Insurance Plans Service Office Inc (PIPSO) plays a critical role in enhancing the efficiency and effectiveness of state residual property insurance plans. By promoting research and the sharing of operational knowledge and technologies, PIPSO ensures that these plans can adapt and thrive in a rapidly changing insurance landscape.
The organization provides valuable resources, including comprehensive publications like the Compendium of Property Insurance Plans and the PIPSO Report, which serve to inform its members about market conditions and operational statistics. By conducting surveys and keeping members updated on legislative developments, PIPSO empowers its members with the knowledge they need to navigate the complexities of the insurance market.
Furthermore, PIPSO's educational conferences offer critical training and networking opportunities, fostering collaboration among professionals within the field. The organization also negotiates discounts with various vendors, providing financial advantages to its members, which can be vital for their operational sustainability.
Overall, PIPSO's initiatives promote a more informed and capable network of property insurance plans, ultimately leading to improved service delivery for the public. Through its commitment to education, resource sharing, and advocacy, PIPSO significantly contributes to the community by ensuring that insurance providers can meet the needs of their clients competently and effectively.
This information is meant to be a general summary of Property Insurance Plans Service Office 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: $4,324
- Program Service Revenue: $703,625
- Gross Receipts: $707,949
Assets and Liabilities:
- Total Assets: $1,001,142
- Total Liabilities: $1,646,010
- Net Assets: -$644,868
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$700,050
PUBLICATION FEES
Revenue
$3,575
Organization Details
Founding Year
1994
Phone
(617) 371-4175Principal Officer
Ronald A Cassesso
Main Address
44 SCHOOL STREET SUITE 510, BOSTON, MA, 02108
Website
www.pipso.comNTEE Category
Code: S40 - Community improvement
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