Overview
What is Virginia Automobile Insurance Plan?
The Virginia Automobile Insurance Plan is a nonprofit organization, specifically designed to extend motor vehicle insurance coverage to individuals who struggle to secure it in the voluntary market. Based on the provided information, it operates under the management of AIPSO located in Johnston, Rhode Island. The primary mission of this organization is to bridge the insurance gap for those who may face challenges in acquiring coverage on their own. By offering insurance services, Virginia Automobile Insurance Plan contributes to the overall safety and mobility of its community members.
Official website here: www.aipso.com/va
Is Virginia Automobile Insurance Plan legitimate?
Virginia Automobile Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(6) entity. Virginia 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: $46,778
For more financial information, click here
Official website here: www.aipso.com/va
What is the mission statement of Virginia Automobile Insurance Plan?
The Virginia Automobile Insurance Plan's mission is centered around providing motor vehicle insurance coverage for individuals who have been unable to secure it in the voluntary market. This mission is aimed at ensuring that these individuals are not left without the necessary insurance protection for their vehicles. The plan operates with the goal of extending this vital service to as many eligible individuals as possible. It serves as a safety net, providing peace of mind and protecting drivers from potential financial liabilities in the event of an accident or other vehicle-related incidents. The plan's activities are focused solely on providing this essential service, contributing to the overall road safety and financial security of those who might otherwise be excluded from the voluntary market.
Official website here: www.aipso.com/va
Who is the CEO of Virginia Automobile Insurance Plan?
Unavailable
Official website here: www.aipso.com/va
What is the revenue of Virginia Automobile Insurance Plan?
Virginia Automobile Insurance Plan's revenue in 2022 was $166,989.
Official website here: www.aipso.com/va
Who are the executives of Virginia Automobile Insurance Plan and what are their salaries?
There 10 volunteers at Virginia Automobile Insurance Plan.
Here are 10 key members and their salaries:
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Official website here: www.aipso.com/va
Where can I find the form 990 for Virginia Automobile Insurance Plan?
Virginia Automobile Insurance Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aipso.com/va
Learn more at the official website: www.aipso.com/va
Mission Statement of Virginia Automobile Insurance Plan
The Virginia Automobile Insurance Plan is a mission-driven organization that aims to extend motor vehicle insurance coverage to individuals who have been unable to secure it within the voluntary market. By serving this particular demographic, the plan seeks to ensure that everyone has access to the necessary protection on the roads. The primary objective of the Virginia Automobile Insurance Plan is to bridge the gap in insurance coverage for those who may face challenges in obtaining it through traditional means.
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Impact
October, 2024
The Virginia Automobile Insurance Plan plays a crucial role in ensuring that individuals unable to secure motor vehicle insurance through the standard voluntary market still have access to necessary coverage. By providing this essential service, the plan addresses gaps in the insurance market, particularly for high-risk drivers or those with limited options due to past driving history or other factors.
This impact is multifaceted. Firstly, it enhances road safety by ensuring that more drivers are insured, which ultimately contributes to greater financial responsibility and accountability on the roads. Secondly, by offering an alternative for those challenged to find coverage, the plan helps mitigate the potential for uninsured driving, which can lead to legal issues and increased costs for society as a whole.
Furthermore, the program serves as a safety net for vulnerable populations who might otherwise be left without coverage. This inclusivity promotes equitable access to motor vehicle insurance, fostering a healthier insurance landscape. Overall, the Virginia Automobile Insurance Plan is a significant resource that strengthens both individual security and community welfare.
This information is meant to be a general summary of Virginia 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: $4,686
- Program Service Revenue: $161,759
- Gross Receipts: $166,989
Assets and Liabilities:
- Total Assets: $600,540
- Total Liabilities: $854,782
- Net Assets: -$254,242
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Premiums Earned
Revenue
$161,759
Organization Details
Founding Year
1952
Phone
(401) 946-2310Main Address
c/o AIPSO 302 CENTRAL AVENUE, JOHNSTON, RI, 029194932
Website
www.aipso.com/vaNTEE Category
Code: Y20 - Mutual benefit
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