Overview
What is South Carolina Commercial Automobile Insurance Plan?
The South Carolina Commercial Automobile Insurance Plan is a nonprofit organization dedicated to providing automobile insurance coverage for individuals who operate commercial vehicles and struggle to secure insurance in the voluntary market. Situated in Johnston, Rhode Island (indicated by the Filer's USAddress details), this organization serves as a vital resource, facilitating insurance placement to ensure these individuals can legally operate their commercial vehicles. The organization's mission is centered around this core activity, thereby focusing on making automobile insurance accessible to those who might otherwise be excluded from the voluntary market.
Official website here: www.aipso.com/sc
Is South Carolina Commercial Automobile Insurance Plan legitimate?
South Carolina Commercial Automobile Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(6) entity. South Carolina Commercial 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: $23,805
For more financial information, click here
Official website here: www.aipso.com/sc
What is the mission statement of South Carolina Commercial Automobile Insurance Plan?
The South Carolina Commercial Automobile Insurance Plan's mission is centered around providing automobile insurance coverage for individuals who operate commercial vehicles and have been unsuccessful in obtaining coverage within the voluntary market. This organization serves a specific need, ensuring that these individuals are not left unprotected on the roads due to insurance limitations. The plan's primary objective is to bridge this gap in coverage, thereby ensuring that commercial vehicle operators can operate safely and legally.
Official website here: www.aipso.com/sc
Who is the CEO of South Carolina Commercial Automobile Insurance Plan?
Unavailable
Official website here: www.aipso.com/sc
What is the revenue of South Carolina Commercial Automobile Insurance Plan?
South Carolina Commercial Automobile Insurance Plan's revenue in 2022 was $46,722.
Official website here: www.aipso.com/sc
Who are the executives of South Carolina Commercial Automobile Insurance Plan and what are their salaries?
There 7 volunteers at South Carolina Commercial Automobile Insurance Plan.
Here are 7 key members and their salaries:
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Official website here: www.aipso.com/sc
Where can I find the form 990 for South Carolina Commercial Automobile Insurance Plan?
South Carolina Commercial Automobile Insurance Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aipso.com/sc
Learn more at the official website: www.aipso.com/sc
Mission Statement of South Carolina Commercial Automobile Insurance Plan
The South Carolina Commercial Automobile Insurance Plan is committed to a mission that involves providing automobile insurance coverage for individuals who operate commercial vehicles and have been unsuccessful in securing coverage in the voluntary market. This nonprofit organization serves as a vital resource for these individuals, ensuring they have the necessary insurance protection for their commercial vehicles. By fulfilling this mission, the South Carolina Commercial Automobile Insurance Plan plays a significant role in mitigating potential risks associated with commercial vehicle operation, thereby promoting road safety and financial security for its clients.
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Impact
October, 2024
The South Carolina Commercial Automobile Insurance Plan plays a crucial role in providing automobile insurance coverage for individuals and businesses that own commercial vehicles but are unable to obtain coverage in the voluntary market. This plan addresses a significant gap in the insurance landscape, ensuring that those who might otherwise be left uninsured can access necessary protection for their vehicles.
By facilitating the placement of automobile insurance for these high-risk drivers, the plan helps to enhance road safety, as more commercial vehicles on the road are properly insured. This not only protects the drivers but also safeguards other road users by ensuring that there are financial resources available in case of accidents or damages caused by these vehicles.
Furthermore, the initiative supports economic stability by allowing businesses that rely on commercial vehicles to operate legally and confidently. This is particularly important for small businesses and entrepreneurs who may struggle to find coverage elsewhere. The South Carolina Commercial Automobile Insurance Plan ultimately contributes to a more equitable insurance system by providing viable options for those who need it most, thereby fostering a healthier commercial landscape in the state.
This information is meant to be a general summary of South Carolina Commercial 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: $525
- Program Service Revenue: $45,761
- Gross Receipts: $46,722
Assets and Liabilities:
- Total Assets: $217,266
- Total Liabilities: $230,078
- Net Assets: -$12,812
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Premiums earned
Revenue
$45,761
Organization Details
Founding Year
1986
Phone
(401) 946-2310Main Address
c/o AIPSO 302 CENTRAL AVENUE, JOHNSTON, RI, 02919
Website
www.aipso.com/scNTEE Category
Code: Y20 - Mutual benefit
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