Overview
What is Florida Automobile Joint Underwriting Association?
The Florida Automobile Joint Underwriting Association is a nonprofit organization, specifically focused on providing automobile insurance coverage for individuals who have been unsuccessful in obtaining it through the voluntary market. Based on the provided information, their operations are managed through an office located in Johnston, Rhode Island. Although the details about their mission and activities are limited, it's clear that their primary role is to assist those in need of automobile insurance coverage, filling a gap in the market. With a modest workforce of just four employees, they demonstrate a commitment to delivering essential services in this area.
Official website here: www.aipso.com
Is Florida Automobile Joint Underwriting Association legitimate?
Florida Automobile Joint Underwriting Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Florida Automobile Joint Underwriting Association 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: $245,318
Professional Fundraising Fees: $0
Other Salaries and Wages: $226,698
For more financial information, click here
Official website here: www.aipso.com
What is the mission statement of Florida Automobile Joint Underwriting Association?
The Florida Automobile Joint Underwriting Association's primary mission is to facilitate the provision of automobile insurance for individuals who have been unsuccessful in obtaining coverage within the voluntary market. This association serves as a crucial safety net, ensuring that these individuals are not left without the necessary protection. By offering insurance placement services, the association aims to provide peace of mind and financial security to those in need. The association's activities are centered around fulfilling this mission, thereby bridging the gap in automobile insurance coverage for a specific segment of the population.
Official website here: www.aipso.com
What is the revenue of Florida Automobile Joint Underwriting Association?
Florida Automobile Joint Underwriting Association's revenue in 2023 was $3,084,060.
Official website here: www.aipso.com
Who are the executives of Florida Automobile Joint Underwriting Association and what are their salaries?
The average compensation at Florida Automobile Joint Underwriting Association during 2023 was $118,004. There are 4 employees and 11 volunteers at Florida Automobile Joint Underwriting Association.
Here are 13 key members and their salaries:
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- Compensation: $185,497
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- Other: $57,953
- Compensation: $120,007
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- Other: $5,384
Official website here: www.aipso.com
Where can I find the form 990 for Florida Automobile Joint Underwriting Association?
Florida Automobile Joint Underwriting Association's most recent form 990 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 Florida Automobile Joint Underwriting Association
The Florida Automobile Joint Underwriting Association, in essence, serves a vital role in the insurance sector. Its mission, as stated, is centered around providing automobile insurance coverage for individuals who have struggled to secure it within the voluntary market. This organization operates with the intent of extending a lifeline to those in need, ensuring they are not left unprotected on the road. By doing so, the Florida Automobile Joint Underwriting Association contributes to enhancing road safety and peace of mind for a segment of the population that might otherwise be overlooked.
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Impact
October, 2024
The Florida Automobile Joint Underwriting Association plays a critical role in ensuring that individuals who cannot secure automobile insurance in the voluntary market have access to necessary coverage. By serving as a safety net, it contributes to reducing the number of uninsured drivers on the road, promoting safer driving conditions, and fostering community improvement. The association provides a vital service for those facing barriers to obtaining insurance, helping them meet legal requirements and protect themselves and others in the event of an accident. Its efforts ultimately enhance the overall stability and safety of the insurance market in Florida.
This information is meant to be a general summary of Florida Automobile Joint Underwriting Association. 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: $55,133
- Program Service Revenue: $3,019,788
- Gross Receipts: $3,084,060
Assets and Liabilities:
- Total Assets: $5,020,655
- Total Liabilities: $5,440,555
- Net Assets: -$419,900
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS EARNED
Revenue
$1,482,288
MEMBERSHIP FEES
Revenue
$1,537,500
Organization Details
Founding Year
1973
Principal Officer
Lisa Stoutamire
Website
www.aipso.comNTEE Category
Code: S40 - Community improvement
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