Overview
What is New York Automobile Insurance Plan?
The New York Automobile Insurance Plan is a nonprofit initiative aimed at extending motor vehicle insurance coverage to individuals who have been unsuccessful in obtaining it within the voluntary market. Headquartered in Johnston, Rhode Island, this program provides both auto liability and physical damage coverages, ensuring that those in need have essential protection on the roads. It serves as a vital safety net, fostering road safety and financial security for its insured members.
Official website here: www.aipso.com/ny/
Is New York Automobile Insurance Plan legitimate?
New York Automobile Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(6) entity. New York 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: $1,416,965
For more financial information, click here
Official website here: www.aipso.com/ny/
What is the mission statement of New York Automobile Insurance Plan?
The New York Automobile Insurance Plan's mission is centered around providing essential auto liability and physical damages coverages to individuals who find it challenging to procure such insurance in the voluntary market. This initiative is designed to ensure motor vehicle insurance accessibility for those who might otherwise be excluded. The plan's objective is to make insurance coverage more inclusive, thereby enhancing road safety and financial security for those who may otherwise be left unprotected.
Official website here: www.aipso.com/ny/
Who is the CEO of New York Automobile Insurance Plan?
Unavailable
Official website here: www.aipso.com/ny/
What is the revenue of New York Automobile Insurance Plan?
New York Automobile Insurance Plan's revenue in 2022 was $3,957,688.
Official website here: www.aipso.com/ny/
Who are the executives of New York Automobile Insurance Plan and what are their salaries?
There 13 volunteers at New York Automobile Insurance Plan.
Here are 19 key members and their salaries:
- Compensation: $1,800
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $1,950
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $1,950
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- Other: $0
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- Other: $0
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- Compensation: $2,550
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $5,400
- Related: $0
- Other: $0
- Compensation: $2,550
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aipso.com/ny/
Where can I find the form 990 for New York Automobile Insurance Plan?
New York Automobile Insurance Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aipso.com/ny/
Learn more at the official website: www.aipso.com/ny/
Mission Statement of New York Automobile Insurance Plan
The New York Automobile Insurance Plan, in essence, is committed to extending auto liability and physical damage coverages to individuals who find it challenging to acquire such insurance in the voluntary market. By undertaking this mission, the plan aims to ensure that motor vehicle insurance is accessible to those who may otherwise be excluded, thereby promoting safety and security on the roads. This initiative serves as a vital safety net, enabling individuals to legally operate their vehicles and mitigate potential financial burdens arising from accidents.
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Impact
October, 2024
The New York Automobile Insurance Plan plays a critical role in ensuring that individuals who cannot secure auto insurance in the voluntary market still have access to essential coverage. By providing liability and physical damages protection, the plan addresses the insurance needs of high-risk drivers or those with challenging histories who might otherwise be excluded from standard insurance options. This accessibility fosters greater road safety and financial security, allowing more drivers to comply with state insurance requirements.
Furthermore, the plan helps to stabilize the broader insurance market by distributing risk among insurers and preventing potential spikes in uninsured drivers on the roads. By ensuring that all individuals can obtain the necessary auto insurance, the plan contributes to a safer driving environment and promotes responsibility among vehicle owners. Ultimately, it enhances consumer confidence in the insurance system by ensuring that coverage is available to those who need it most.
This information is meant to be a general summary of New York 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: $7,073
- Program Service Revenue: $3,950,565
- Gross Receipts: $3,957,688
Assets and Liabilities:
- Total Assets: $3,612,824
- Total Liabilities: $4,948,966
- Net Assets: -$1,336,142
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Assessment
Revenue
$3,683,272
Motor Vehicle Record
Revenue
$267,293
Organization Details
Founding Year
1941
Phone
(401) 946-2310Main Address
c/o AIPSO 302 CENTRAL AVENUE, JOHNSTON, RI, 029194932
Website
www.aipso.com/ny/NTEE Category
Code: Y20 - Mutual benefit
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