Overview
What is Unsatisfied Claim And Judgment Fund?
The Unsatisfied Claim and Judgment Fund, often referred to as UCJF, is a nonprofit organization based in New Jersey. Established pursuant to NJSA 39:6-61 et seq., its mission is to provide financial assistance to individuals who have been injured in accidents involving uninsured motorists and lack insurance coverage of their own. Furthermore, the UCJF caters to private passenger automobile stranger pedestrian personal injury protection claims. The organization is primarily funded through assessments on auto insurance carriers in New Jersey.
Official website here: www.njguaranty.org
Is Unsatisfied Claim And Judgment Fund legitimate?
Unsatisfied Claim And Judgment Fund is a legitimate nonprofit organization registered as a 501(c)(6) entity. Unsatisfied Claim And Judgment Fund 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: $671,884
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,191,996
For more financial information, click here
Official website here: www.njguaranty.org
What is the mission statement of Unsatisfied Claim And Judgment Fund?
The Unsatisfied Claim and Judgment Fund, referred to as UCJF, is a state-established entity created to address the financial needs of individuals who have been injured in accidents involving uninsured motorists and lack insurance coverage of their own. The organization also facilitates the processing of private passenger automobile stranger pedestrian personal injury protection claims. The UCJF functions through assessments on automobile insurance carriers in New Jersey, accumulating funds to compensate those whose claims have gone unsatisfied due to the negligence of uninsured motorists. By providing financial assistance to these injured claimants, the UCJF plays a crucial role in ensuring that individuals receive the compensation they deserve despite not having their own insurance coverage.
Official website here: www.njguaranty.org
Who is the CEO of Unsatisfied Claim And Judgment Fund?
Frank Rotella is the Trustee - Director of Unsatisfied Claim And Judgment Fund. The CEO's salary of Unsatisfied Claim And Judgment Fund is $0 and their total compensation is $326,911.
Official website here: www.njguaranty.org
What is the revenue of Unsatisfied Claim And Judgment Fund?
Unsatisfied Claim And Judgment Fund's revenue in 2022 was $82,185,969.
Official website here: www.njguaranty.org
Who are the executives of Unsatisfied Claim And Judgment Fund and what are their salaries?
Here are 20 key members and their salaries (Unsatisfied Claim And Judgment Fund's CEO's salary is $0 and their total compensation is $326,911):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $293,170
- Other: $33,741
- Compensation: $0
- Related: $230,797
- Other: $30,437
- Compensation: $0
- Related: $175,130
- Other: $30,393
- Compensation: $0
- Related: $166,795
- Other: $28,999
- Compensation: $0
- Related: $166,110
- Other: $26,324
- Compensation: $0
- Related: $161,084
- Other: $13,570
- Compensation: $0
- Related: $146,036
- Other: $31,540
- Compensation: $0
- Related: $138,416
- Other: $23,986
- Compensation: $0
- Related: $139,615
- Other: $32,004
- Compensation: $0
- Related: $133,897
- Other: $20,493
- Compensation: $0
- Related: $144,297
- Other: $11,638
Official website here: www.njguaranty.org
Where can I find the form 990 for Unsatisfied Claim And Judgment Fund?
Unsatisfied Claim And Judgment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.njguaranty.org
Learn more at the official website: www.njguaranty.org
Mission Statement of Unsatisfied Claim And Judgment Fund
The Unsatisfied Claim and Judgment Fund, or UCJF, is a New Jersey-based organization established to provide financial assistance to individuals who have been injured in accidents involving uninsured motorists and lack insurance coverage of their own. The Fund also caters to private passenger automobile stranger pedestrian personal injury protection claims.
This nonprofit entity was founded under the New Jersey Statutes Annotated (NJSA) 39:6-61 et seq. Its primary goal is to compensate claimants who have suffered damages due to accidents caused by uninsured motorists. By doing so, it ensures that these individuals receive some form of financial compensation for their injuries, even when the at-fault party lacks insurance coverage.
UCJF is funded through assessments on automobile insurance carriers operating in New Jersey. This financial mechanism allows the organization to provide financial support to a significant number of claimants who would otherwise be left without any means of financial recovery. It serves as a crucial safety net for those who have been involved in accidents with uninsured motorists and do not have the means to cover their damages.
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Impact
October, 2024
The Unsatisfied Claim and Judgment Fund (UCJF) plays a crucial role in providing financial relief to individuals injured in accidents involving uninsured motorists. Its impact extends to those who lack their own insurance coverage, ensuring that they have access to damages that would otherwise be unattainable. By addressing the financial needs of claimants, the UCJF helps to mitigate the hardships faced by victims of traffic accidents, which can include medical expenses, lost income, and other related costs.
Funded through assessments on automobile insurance carriers in New Jersey, the UCJF serves a vital function in maintaining the integrity of the state's motor vehicle insurance system. It not only supports individual claimants but also promotes broader community safety and welfare. The assurance that funds are available for victims of uninsured motorists encourages responsible driving and underscores the importance of maintaining adequate insurance coverage.
In addition to providing compensation for injuries sustained by victims, the UCJF plays a role in fostering a sense of security within the community. By stepping in when traditional insurance mechanisms fail, it reinforces the notion that individuals can seek justice and support, even when faced with unfortunate circumstances. Ultimately, the UCJF contributes to community improvement, providing a safety net for those impacted by uninsured motorists and enhancing the overall stability of road usage in New Jersey.
This information is meant to be a general summary of Unsatisfied Claim And Judgment Fund. 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: $870,258
- Program Service Revenue: $81,315,711
- Gross Receipts: $216,932,577
Assets and Liabilities:
- Total Assets: $78,462,469
- Total Liabilities: $88,262,565
- Net Assets: -$9,800,096
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER ASSESSMENTS
Revenue
$81,315,711
Organization Details
Founding Year
2003
Phone
(908) 382-7100Principal Officer
Frank Rotella
Main Address
233 MOUNT AIRY ROAD, BASKING RIDGE, NJ, 079202753
Website
www.njguaranty.orgNTEE Category
Code: S41 - Community improvement
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