Overview
What is Ppic Trust?
The Ppic Trust is a nonprofit organization, situated in New York, NY, that serves as a dedicated entity to manage and oversee the ownership of Planned Protection Insurance Co., LTD, a Bermuda-based corporation. Established as a "captive" self-insurance funding facility, the Ppic Trust primarily focuses on professional liability and related exposures. Its sole purpose is to hold 100% of PPIC's shares, ensuring the company's financial security and stability in managing its insurance-related affairs.
Is Ppic Trust legitimate?
Ppic Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ppic Trust submitted a form 990EZ, 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.
What is the mission statement of Ppic Trust?
The Ppic Trust's mission is centered around holding all the shares of Planned Protection Insurance Co., a Bermuda-based corporation, primarily for managing professional liability risks and similar exposures. Established as a captive self-insurance funding facility, its primary function is to maintain its ownership of 100% of PPIC's shares, thereby contributing to its financial security and risk management. The trust operates independently, with no additional specified activities or objectives beyond its core function.
Who is the CEO of Ppic Trust?
D Johnson is the Trustee of Ppic Trust.
What is the revenue of Ppic Trust?
Ppic Trust's revenue in 2022 was $10,000.
Who are the executives of Ppic Trust and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990EZ for Ppic Trust?
Ppic Trust's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Ppic Trust
The Ppic Trust, as an organization, is dedicated to holding all the issued and outstanding shares of Planned Protection Insurance Co., Ltd., a Bermuda corporation. Established as a "captive" self-insurance funding facility, its primary purpose is to manage professional liability and related exposures. The trust serves as a sole owner of PPIC's shares, operating as a secure and reliable holding entity. Its mission is to provide financial stability and risk management solutions for the associated insurance company. By doing so, Ppic Trust plays a crucial role in mitigating potential financial losses and ensuring the long-term success of Planned Protection Insurance Co., Ltd.
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Impact
October, 2024
Ppic Trust plays a vital role in the insurance landscape by serving as a dedicated holding entity for all issued shares of Planned Protection Insurance Co., LTD. This structure allows it to effectively manage and oversee a "captive" self-insurance funding facility. By focusing on professional liability and similar exposures, Ppic Trust helps provide stability and risk management solutions for its stakeholders. Its strategic position in New York enhances its ability to facilitate efficient operations within the insurance sector, contributing to the overall health and safety of the professional environments it supports. Through its activities, Ppic Trust fosters a framework for more sustainable insurance practices, ultimately benefiting both individuals and organizations that rely on professional liability coverage.
This information is meant to be a general summary of Ppic Trust. 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: $10,000
- Gross Receipts: $10,000
Assets and Liabilities:
- Total Assets: $14,584
- Total Liabilities: $5,640
- Net Assets: $8,944
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Organization Details
Phone
(212) 261-4706Principal Officer
D Johnson
Main Address
215 LEXINGTON AVENUE 12TH FLOOR, NEW YORK, NY, 10016
NTEE Category
Code: E19 - Health
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