Overview
What is New Hampshire Automobile Reinsurance Facility?
The New Hampshire Automobile Reinsurance Facility is a vital nonprofit entity, situated in Johnston, Rhode Island, acting as an intermediary. Its primary mission is to provide automobile insurance coverage for individuals who struggle to secure it in the voluntary market. By doing so, it ensures that adequate protection is available, fostering road safety and peace of mind for those involved. The Facility operates through collaborations with entities like AIPSO, demonstrating its commitment to serving its target audience effectively.
Official website here: www.aipso.com/np
Is New Hampshire Automobile Reinsurance Facility legitimate?
New Hampshire Automobile Reinsurance Facility is a legitimate nonprofit organization registered as a 501(c)(6) entity. New Hampshire Automobile Reinsurance Facility 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,662
For more financial information, click here
Official website here: www.aipso.com/np
What is the mission statement of New Hampshire Automobile Reinsurance Facility?
The New Hampshire Automobile Reinsurance Facility's primary mission is centered around providing automobile insurance coverage for individuals who have been unsuccessful in obtaining it through the voluntary market. This organization serves as a safeguard, ensuring that these individuals are still able to secure the necessary insurance protection. Its activities are primarily focused on this mission of placement, aiming to bridge the gap for those in need. The Facility's operations contribute to maintaining a more secure and protected driving environment for all, regardless of their ability to obtain coverage through conventional means.
Official website here: www.aipso.com/np
Who is the CEO of New Hampshire Automobile Reinsurance Facility?
Unavailable
Official website here: www.aipso.com/np
What is the revenue of New Hampshire Automobile Reinsurance Facility?
New Hampshire Automobile Reinsurance Facility's revenue in 2022 was $115,350.
Official website here: www.aipso.com/np
Who are the executives of New Hampshire Automobile Reinsurance Facility and what are their salaries?
There 11 volunteers at New Hampshire Automobile Reinsurance Facility.
Here are 11 key members and their salaries:
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Official website here: www.aipso.com/np
Where can I find the form 990 for New Hampshire Automobile Reinsurance Facility?
New Hampshire Automobile Reinsurance Facility's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aipso.com/np
Learn more at the official website: www.aipso.com/np
Mission Statement of New Hampshire Automobile Reinsurance Facility
The New Hampshire Automobile Reinsurance Facility is an organization dedicated to a crucial mission. In the event that individuals find it challenging to procure automobile insurance within the voluntary market, this facility steps in to provide the necessary coverage. By undertaking this task, it plays a significant role in ensuring that motorists, despite their circumstances, are not left uninsured. This mission is a testament to the facility's commitment to promoting road safety and financial security for all drivers within its jurisdiction.
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Impact
October, 2024
The New Hampshire Automobile Reinsurance Facility significantly impacts individuals who struggle to secure automobile insurance in the voluntary market. By providing a safety net for those unable to obtain coverage, it ensures that more drivers have access to necessary insurance, promoting road safety and financial protection for all motorists. This facility helps maintain stability in the insurance market by distributing the risk associated with high-risk drivers among participating insurers, ultimately helping to keep premiums more manageable for everyone. Its role is crucial in fostering an inclusive environment where all drivers can fulfill their legal obligations and protect themselves and others on the road.
This information is meant to be a general summary of New Hampshire Automobile Reinsurance Facility. 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: $1,752
- Program Service Revenue: $98,627
- Gross Receipts: $115,350
Assets and Liabilities:
- Total Assets: $393,629
- Total Liabilities: $222,373
- Net Assets: $171,256
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Premiums Earned
Revenue
$82,302
Membership Fees
Revenue
$16,325
Organization Details
Founding Year
1975
Phone
(401) 946-2310Main Address
c/o AIPSO 302 CENTRAL AVENUE, JOHNSTON, RI, 02919
Website
www.aipso.com/npNTEE Category
Code: Y20 - Mutual benefit
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