Overview
What is New Jersey Automobile Insurance Plan?
The New Jersey Automobile Insurance Plan is a nonprofit organization that aims to ensure motor vehicle insurance accessibility for individuals who struggle to obtain coverage within the voluntary market. Their primary mission is to provide personal private passenger automobile insurance coverage for qualified applicants, thereby ensuring that vehicle owners and operators in this category are protected. The plan operates to bridge the gap between those who require insurance and the market that may initially refuse to offer coverage, thereby promoting road safety and financial security for all motorists.
Official website here: www.aipso.com/nj/
Is New Jersey Automobile Insurance Plan legitimate?
New Jersey Automobile Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(6) entity. New Jersey Automobile Insurance Plan 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: $384,029
For more financial information, click here
Official website here: www.aipso.com/nj/
What is the mission statement of New Jersey Automobile Insurance Plan?
The New Jersey Automobile Insurance Plan's mission is centered around making personal private passenger automobile insurance coverage accessible for individuals who find it challenging to obtain coverage in the voluntary market. This initiative aims to ensure that qualified applicants, who own or operate automobiles, can secure motor vehicle insurance. By implementing this plan, the objective is to extend insurance coverage to those who may otherwise be underserved or overlooked in the traditional insurance market.
Official website here: www.aipso.com/nj/
Who is the CEO of New Jersey Automobile Insurance Plan?
Unavailable
Official website here: www.aipso.com/nj/
What is the revenue of New Jersey Automobile Insurance Plan?
New Jersey Automobile Insurance Plan's revenue in 2022 was $1,088,244.
Official website here: www.aipso.com/nj/
Who are the executives of New Jersey Automobile Insurance Plan and what are their salaries?
There 12 volunteers at New Jersey Automobile Insurance Plan.
Here are 17 key members and their salaries:
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- Compensation: $1,350
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Official website here: www.aipso.com/nj/
Where can I find the form 990 for New Jersey Automobile Insurance Plan?
New Jersey Automobile Insurance Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aipso.com/nj/
Learn more at the official website: www.aipso.com/nj/
Mission Statement of New Jersey Automobile Insurance Plan
The New Jersey Automobile Insurance Plan, in essence, is committed to ensuring that personal private passenger automobile insurance coverage is accessible for individuals who are unable to procure it through the voluntary market. This organization serves as a vital resource for qualified applicants, providing them with the necessary insurance coverage for their vehicles. By fulfilling this mission, the New Jersey Automobile Insurance Plan plays a crucial role in safeguarding the financial well-being of those who might otherwise be left unprotected in the event of an automobile incident.
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Impact
October, 2024
The New Jersey Automobile Insurance Plan (NJAIP) plays a crucial role in the state's insurance landscape by ensuring that personal private passenger automobile insurance is accessible to qualified applicants who might otherwise struggle to obtain coverage in the voluntary market. This initiative directly addresses the needs of individuals who are at risk of being uninsured due to various factors that affect their eligibility in conventional insurance channels.
By providing a platform for those unable to secure coverage elsewhere, the NJAIP helps to reduce the number of uninsured drivers on the road, thereby enhancing overall road safety and protecting the interests of all motorists. Additionally, this plan contributes to the broader social responsibility of ensuring that everyone has access to essential services, fostering a more inclusive environment where all drivers can participate in the auto insurance market.
Overall, the NJAIP's impact extends beyond just providing insurance; it promotes financial stability among individuals who may face obstacles in obtaining coverage, ultimately benefiting the entire community in New Jersey.
This information is meant to be a general summary of New Jersey Automobile Insurance Plan. 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: $1,123
- Program Service Revenue: $1,070,194
- Gross Receipts: $1,088,244
Assets and Liabilities:
- Total Assets: $652,176
- Total Liabilities: $994,212
- Net Assets: -$342,036
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Assessment
Revenue
$1,060,594
Producer seminars
Revenue
$9,600
Organization Details
Founding Year
1992
Phone
(401) 946-2310Main Address
c/o AIPSO 302 CENTRAL AVENUE, JOHNSTON, RI, 029194932
Website
www.aipso.com/nj/NTEE Category
Code: Y20 - Mutual benefit
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