Aipso

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 132732270 ✦ Johnston, RI ✦ Designated as a 501(c)(6)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Aipso?

Aipso, or Automated Information Systems Services, is a nonprofit organization headquartered at 302 Central Avenue in Johnston, Rhode Island (02919). They specialize in delivering information systems to the insurance residual market, offering various services such as systems planning and design, telecommunications coordination, networking, data transmission, programming expertise, software provision and maintenance, and equipment support. Aiming for optimal efficiency, Aipso's mission is to deliver top-tier services in the insurance residual market at the most cost-effective price. With a dedicated workforce of 476 employees, they provide essential systems and services to their clients.


Official website here: www.aipso.com

What are the reviews and ratings of this charity?

Aipso is not currently rated by Charity Navigator due to its status as a non-501(c)(3) organization, which excludes it from the accountability and methodology evaluations typically used for rating. The absence of a formal rating does not imply a positive or negative assessment, as these ratings rely on specific IRS registration criteria that Aipso does not meet.

The organization has historical data available via IRS forms, indicating some level of transparency in operations, yet critical financial information such as total revenue and expenses remains unavailable. As such, Aipso's impact, leadership, and community involvement cannot be assessed using the standard thorough methodologies.

Since there are no user reviews from GreatNonprofits, further insights into Aipso's operations, community engagement, or stakeholder satisfaction are unavailable. This lack of qualitative data limits understanding of public perception or satisfaction with Aipso's activities.


This AI summary has been generated from information found on Charity Navigator.

Is Aipso legitimate?

Aipso is a legitimate nonprofit organization registered as a 501(c)(6) entity. Aipso 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: $2,823,497
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,985,468

For more financial information, click here


Official website here: www.aipso.com

What is the mission statement of Aipso?

Aipso, the organization, is committed to delivering top-notch services to the insurance residual market at the most affordable cost. Their mission encompasses various aspects, including systems planning and design, telecommunications coordination, networking, data transmission, programming expertise, software provision, and system maintenance. Automated Information Systems Services, which is behind Aipso, offers these services to ensure efficient and effective solutions for the insurance residual market.


Official website here: www.aipso.com

Who is the CEO of Aipso?

Charles Kwolek Jr is the President of Aipso.


Official website here: www.aipso.com

What is the revenue of Aipso?

Aipso's revenue in 2022 was $79,668,644.


Official website here: www.aipso.com

Who are the executives of Aipso and what are their salaries?

The average compensation at Aipso during 2022 was $77,330. There are 476 employees and 13 volunteers at Aipso.


Here are 26 key members and their salaries:


Hanover Ins Co (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allstate Ins Co (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nationwide Mut Ins Co (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amica Mut Ins Co (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Farmers Ins Exchange (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Geico (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Interinsurance Exchange Of The Auto Club (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
State Farm Mut Auto Ins Co (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Travelers Companies (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Usaa (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Progressive Cas Ins Co (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Selective Ins Co (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nj Manufacturers Ins Co (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Kwolek Jr (President)
  • Compensation: $531,548
  • Related: $0
  • Other: $108,779
Frank Pensabene (Vice President)
  • Compensation: $295,036
  • Related: $0
  • Other: $62,562
Robert Powers (Vice President)
  • Compensation: $228,526
  • Related: $0
  • Other: $61,961
Joseph Agresta (Vice President)
  • Compensation: $293,189
  • Related: $0
  • Other: $52,568
Timothy Messier (Asst Vice President)
  • Compensation: $245,426
  • Related: $0
  • Other: $63,694
Amy Hicks (Vice President)
  • Compensation: $274,650
  • Related: $0
  • Other: $46,277
Kevin Leeman (Director Financial Srvs)
  • Compensation: $222,540
  • Related: $0
  • Other: $53,420
Annemarie D'Attelo (Senior Counsel)
  • Compensation: $193,309
  • Related: $0
  • Other: $38,897
Keith Gentile (Actuary)
  • Compensation: $207,635
  • Related: $0
  • Other: $53,115
Matthew Mayfield (Caip Services Director)
  • Compensation: $186,590
  • Related: $0
  • Other: $40,111
Tyler Falcone (Director Is&Ps)
  • Compensation: $182,893
  • Related: $0
  • Other: $51,983
Thomas Assad Jr (Director)
  • Compensation: $183,619
  • Related: $0
  • Other: $45,559
Michael O'Leary (Senior Counsel)
  • Compensation: $184,624
  • Related: $0
  • Other: $40,338


Official website here: www.aipso.com

Where can I find the form 990 for Aipso?

Aipso's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.aipso.com

Learn more at the official website: www.aipso.com

Mission Statement of Aipso

Aipso, a prominent organization, is dedicated to delivering superior services to the insurance residual market at the most economical cost. By focusing on the residual market, Aipso sets itself apart, catering to the unique needs of this sector. The organization's mission is twofold: providing high-quality services and maintaining the lowest possible costs.

Automated Information Systems Services, known as Aipso, plays an essential role in the insurance industry by offering a comprehensive suite of solutions. This nonprofit entity specializes in systems planning and design, coordinating telecommunications, networking, and data transmission. Moreover, they bring programming expertise to the table and provide and maintain the necessary software, systems, and equipment. By managing all these aspects, Aipso ensures that the residual market mechanism functions efficiently and effectively.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Aipso significantly enhances the efficiency and effectiveness of the insurance residual market by delivering high-quality services at minimal costs. Through its automated information systems, Aipso supports essential functions, including systems planning and design, telecommunications coordination, and data transmission.

By offering expert programming and maintaining robust software and systems, Aipso ensures that the infrastructure supporting the residual market operates smoothly. This contribution facilitates streamlined processes, ultimately benefiting stakeholders by reducing expenses while maintaining the quality of service. The organization's operations in Johnston, RI, reflect its commitment to fostering a more effective insurance environment, thereby impacting both providers and consumers within the residual market.




This information is meant to be a general summary of Aipso. 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.

Revenue
$79,668,644 (2022)
Expenses
$76,128,415 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $95,544
  • Program Service Revenue: $79,474,830
  • Gross Receipts: $79,668,644

Assets and Liabilities:

  • Total Assets: $84,201,784
  • Total Liabilities: $107,335,670
  • Net Assets: -$23,133,886

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Assessments

Revenue

$36,212,989

Central Processor fees

Revenue

$15,043,908

Services Rendered

Revenue

$8,051,965

Service charges & service provider fees

Revenue

$19,942,546

Organization Details

Founding Year

1973

Principal Officer

Charles Kwolek Jr

Main Address

302 CENTRAL AVENUE, JOHNSTON, RI, 029194932

If you are a representative of Aipso and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.