Overview
What is Motor Vehicle Accident Indemnification Corporation?
Motor Vehicle Accident Indemnification Corporation (MVAIC) is a New York-based nonprofit organization dedicated to supporting victims of motor vehicle accidents and their families. Their primary mission is to compensate individuals who have been injured by uninsured, stolen, or unidentified motorists in the State of New York. By providing the highest level of assistance and compassion, MVAIC ensures victims receive the necessary compensation for no-fault claims and tort settlements, along with related expenses.
Official website here: www.mvaic.com
Is Motor Vehicle Accident Indemnification Corporation legitimate?
Motor Vehicle Accident Indemnification Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Motor Vehicle Accident Indemnification Corporation 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: $1,507,621
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mvaic.com
What is the mission statement of Motor Vehicle Accident Indemnification Corporation?
Motor Vehicle Accident Indemnification Corporation is dedicated to providing financial compensation to individuals harmed in accidents caused by uninsured, stolen, or unidentified motorists. The organization's primary goal is to process and pay no-fault claims, tort settlements, and related expenses for injured victims in New York state. With a commitment to offering the highest level of support, Motor Vehicle Accident Indemnification Corporation aims to make a positive difference in the lives of those affected by motor vehicle accidents. Their mission is to ensure that victims receive the necessary financial assistance during their recovery process. By fulfilling this important role, the Corporation brings peace of mind to injured parties and their families.
Official website here: www.mvaic.com
Who is the CEO of Motor Vehicle Accident Indemnification Corporation?
Jason Dooley is the President of Motor Vehicle Accident Indemnification Corporation.
Official website here: www.mvaic.com
What is the revenue of Motor Vehicle Accident Indemnification Corporation?
Motor Vehicle Accident Indemnification Corporation's revenue in 2022 was $60,707,232.
Official website here: www.mvaic.com
Who are the executives of Motor Vehicle Accident Indemnification Corporation and what are their salaries?
Here are 19 key members and their salaries:
- Compensation: $216,059
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- Compensation: $186,620
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- Compensation: $154,688
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- Compensation: $150,296
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- Compensation: $176,001
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- Compensation: $142,005
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- Compensation: $146,157
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- Other: $0
- Compensation: $114,866
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- Compensation: $112,441
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- Other: $0
- Compensation: $108,488
- Related: $0
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- Other: $0
Official website here: www.mvaic.com
Where can I find the form 990 for Motor Vehicle Accident Indemnification Corporation?
Motor Vehicle Accident Indemnification Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mvaic.com
Learn more at the official website: www.mvaic.com
Mission Statement of Motor Vehicle Accident Indemnification Corporation
Motor Vehicle Accident Indemnification Corporation (MVAIC) is a dedicated organization committed to compensating victims of uninsured, stolen, or unidentified motor vehicle accidents in New York State. The primary objective of this corporation is to provide financial assistance in the form of no fault claims, tort settlements, and related expenses to individuals who have been injured in such accidents.
In simple terms, MVAIC serves as a safety net for those who have been wrongfully injured in motor vehicle accidents and lack the means to seek compensation through conventional channels. The organization's mission is driven by a deep sense of responsibility towards providing support, assistance, and compassion to victims and their families or representatives during their time of need.
By offering financial assistance, MVAIC strives to alleviate the financial burden and stress that often accompany motor vehicle accidents. The corporation's commitment to its mission extends beyond mere financial support, as it works to ensure that the claims process is as efficient and seamless as possible for those who have been injured. This dedication to the victims of motor vehicle accidents is a testament to MVAIC's unwavering commitment to making a difference in the lives of those who have been affected by these unfortunate events.
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Impact
October, 2024
The Motor Vehicle Accident Indemnification Corporation (MVAIC) plays a crucial role in addressing the needs of injured victims of motor vehicle accidents involving uninsured, stolen, or unidentified motorists. By focusing on providing financial support for no-fault claims, tort settlements, and related expenses, MVAIC ensures that individuals affected by such accidents receive the compensation they deserve.
In New York, where the incidence of uninsured motorists can pose significant risks, MVAIC serves as a safety net for victims and their families. The organization's commitment to delivering support, assistance, and compassion fosters a sense of security for those navigating the aftermath of accidents, allowing them to focus on recovery without the additional stress of financial burdens.
Moreover, MVAIC's efforts contribute to the overall stability of the state's motor vehicle insurance system by helping mitigate potential losses for victims. This intervention not only aids individuals directly impacted but also promotes a more equitable environment in which the ramifications of motor vehicle accidents can be addressed effectively, ensuring that victims are not left vulnerable due to circumstances beyond their control.
This information is meant to be a general summary of Motor Vehicle Accident Indemnification Corporation. 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: $1,440,651
- Gross Receipts: $60,707,232
Assets and Liabilities:
- Total Assets: $97,106,001
- Total Liabilities: $94,904,095
- Net Assets: $2,201,906
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Organization Details
Founding Year
1958
Phone
(646) 205-7800Principal Officer
Jason Dooley
Main Address
100 William Street 14th Floor, New York, NY, 10038
Website
www.mvaic.comNTEE Category
Code: Y03 - Mutual benefit
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