Overview
What is Illinois Automobile Insurance Plan?
The Illinois Automobile Insurance Plan serves as a vital resource for individuals who struggle to secure motor vehicle insurance in the voluntary market. This nonprofit organization operates with a mission to extend a helping hand to those in need, ensuring they have the necessary coverage to legally operate their vehicles on the road. The plan provides an essential avenue, fostering accessibility and inclusivity in the realm of automobile insurance.
Official website here: www.aipso.com
Is Illinois Automobile Insurance Plan legitimate?
Illinois Automobile Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(6) entity. Illinois Automobile Insurance Plan 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.
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Official website here: www.aipso.com
What is the mission statement of Illinois Automobile Insurance Plan?
The Illinois Automobile Insurance Plan serves as a means for individuals who struggle to obtain motor vehicle insurance in the voluntary market. Its primary mission is to provide an alternative avenue for these individuals, ensuring they are not left without necessary coverage. It operates with the objective of ensuring that everyone, regardless of their insurance challenges, has access to some form of motor vehicle insurance coverage. The plan works towards fostering a safer driving environment by providing coverage to those who might otherwise be excluded from the voluntary market. It operates as a safety net, providing essential protection for individuals who may face difficulties in the regular insurance market.
Official website here: www.aipso.com
What is the revenue of Illinois Automobile Insurance Plan?
Illinois Automobile Insurance Plan's revenue in 2023 was $82,259.
Official website here: www.aipso.com
Who are the executives of Illinois Automobile Insurance Plan and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.aipso.com
Where can I find the form 990EZ for Illinois Automobile Insurance Plan?
Illinois Automobile Insurance Plan's most recent form 990EZ was submitted in 2023 and can be accessed here.
Official website here: www.aipso.com
Learn more at the official website: www.aipso.com
Mission Statement of Illinois Automobile Insurance Plan
The Illinois Automobile Insurance Plan serves as a vital resource for individuals who struggle to obtain motor vehicle insurance in the voluntary market. Its primary mission is to offer an alternative avenue for these individuals, ensuring they can still lawfully operate their vehicles on the road. By providing this service, the Illinois Automobile Insurance Plan plays a crucial role in promoting road safety and fostering equal access to transportation for all.
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Impact
October, 2024
The Illinois Automobile Insurance Plan plays a crucial role in ensuring that individuals who struggle to obtain motor vehicle insurance in the voluntary market have access to necessary coverage. By providing an alternative option, the Plan works to reduce the number of uninsured drivers on the road, enhancing overall public safety. Additionally, it fosters a more equitable environment for individuals who may face difficulties securing insurance due to factors such as poor driving records or limited financial means. This mechanism contributes to a more stable insurance market by mitigating risks associated with an increased number of uninsured drivers, ultimately benefiting the community as a whole.
This information is meant to be a general summary of Illinois 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 2023.
- Investment Income: $12,327
- Program Service Revenue: $69,485
- Gross Receipts: $82,259
Assets and Liabilities:
- Total Assets: $484,768
- Total Liabilities: $302,475
- Net Assets: $182,293
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Organization Details
Website
www.aipso.comNTEE Category
Code: Y20 - Mutual benefit
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