VIRGINIA AUTOMOBILE INSURANCE PLAN

Address
c/o AIPSO 302 CENTRAL AVENUE
JOHNSTON, RI 029194932
Contact
Website: http://www.aipso.com/va
Phone: +1 (401) 946-2310
Nonprofit
NTEE: Y20 - Insurance Providers, Services
EIN: 54-0843888

Mission

To provide motor vehicle insurance
 20162015201420132012
Basic features of the organization
Year of formation1952
Subsection code06
PF filing required0    
Metropolitan statistical area6483
Form of organization
AssociationTrue
Human resources, including compensation
Summary compensation info
Number of employees00000
Number of people compensated >$100k  0  
Number of volunteers1010101010
Number of highly compensated contractors  0  
Personnel
Bailey, Dave
TitleGov Comm MemberGov Comm MemberGov Comm MemberGov Comm MemberGov Comm Member
Name of key/compensated personDAVE BAILEYDAVE BAILEYDAVE BAILEYDAVE BAILEYDAVE BAILEY
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Felvey, Stewart
Title Gov Comm Member   
Name of key/compensated person STEWART FELVEY   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 1.00   
Hunter, Matt
TitleGov Comm Member    
Name of key/compensated personMATT HUNTER    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Trice, Jeffrey
Title  Gov Comm MemberGov Comm MemberGov Comm Member
Name of key/compensated person  JEFFREY TRICEJEFFREY TRICEJEFFREY TRICE
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTo provide motor vehicle insurance for those persons not able to obtain coverage in the voluntary market.To provide motor vehicle insurance for those persons not able to obtain coverage in the voluntary market.To provide motor vehicle insurance for those persons not able to obtain coverage in the voluntary market.To provide motor vehicle insurance for those persons not able to obtain coverage in the voluntary market.To provide motor vehicle insurance for those persons not able to obtain coverage in the voluntary market.
Programs, including revenue & expenses
TO PROVIDE MOTOR VEHICLE INSURANCE FOR THOSE PERSONS NOT ABLE TO OBTAIN COVERAGE IN THE VOLUNTARY MARKET.
Program descriptionTO PROVIDE MOTOR VEHICLE INSURANCE FOR THOSE PERSONS NOT ABLE TO OBTAIN COVERAGE IN THE VOLUNTARY MARKET.TO PROVIDE MOTOR VEHICLE INSURANCE FOR THOSE PERSONS NOT ABLE TO OBTAIN COVERAGE IN THE VOLUNTARY MARKET.TO PROVIDE MOTOR VEHICLE INSURANCE FOR THOSE PERSONS NOT ABLE TO OBTAIN COVERAGE IN THE VOLUNTARY MARKET.TO PROVIDE MOTOR VEHICLE INSURANCE FOR THOSE PERSONS NOT ABLE TO OBTAIN COVERAGE IN THE VOLUNTARY MARKET.TO PROVIDE MOTOR VEHICLE INSURANCE FOR THOSE PERSONS NOT ABLE TO OBTAIN COVERAGE IN THE VOLUNTARY MARKET.
Financial data
Revenue
Total revenue$400,684.00$556,159.00$486,017.00$495,888.00$504,526.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$1,806.00$0.00$0.00$0.00$0.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$398,878.00$556,159.00$486,017.00$495,888.00$504,526.00
Gross receipts$400,684.00$556,159.00$486,017.00$495,888.00$504,526.00
Other types of revenue
Income from dividends, interest, and similar investments$51.00    
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$276,028.00$334,129.00$357,382.00$382,010.00$345,456.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$55,088.00$36,182.00$48,319.00$43,285.00$44,388.00
Assets and liabilities
Total assets$56,512.00$109,602.00$77,983.00$57,077.00$102,821.00
Total assets, beginning of year$109,602.00$77,983.00$57,077.00$102,821.00$68,375.00
Total liabilities$133,759.00$167,148.00$346,426.00$304,721.00$618,183.00
Total liabilities, beginning of year$167,148.00$346,426.00$304,721.00$618,183.00$656,134.00
Net assets-$77,247.00-$57,546.00-$268,443.00-$247,644.00-$515,362.00
Net assets, beginning of year-$57,546.00-$268,443.00-$247,644.00-$515,362.00-$587,759.00
Other liabilities$123,625.00$158,046.00$336,988.00$291,863.00$602,664.00
Other assets $7,609.00   
Cash: non-interest bearing-$32.00-$65,329.00-$327.00$122.00-$53.00
Cash: non-interest bearing, beginning of year-$65,329.00-$327.00$122.00-$53.00-$1,733.00
Other financial variables
Revenue less expenses$124,656.00$222,030.00$128,635.00$113,878.00$159,070.00
Savings & temp cash investment$47,975.00$157,341.00$64,527.00$40,042.00$74,692.00
Accounts receivable, net$8,309.00$3,244.00$4,452.00$4,608.00$8,879.00
Prepaid expenses & deferred charges$260.00$5,259.00$4,861.00$4,900.00$8,935.00
Accounts payable & accrued expenses$10,134.00$9,102.00$9,438.00$12,858.00$15,519.00
Total net assets or fund balances-$77,247.00-$57,546.00-$268,443.00-$247,644.00-$515,362.00
Depreciation, depletion, amortization$1,479.00$2,992.00$2,935.00$2,962.00$2,992.00
Governance and accountability
Number of voting members1010101010
Number of independent voting members1010101010
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-12-052016-12-052015-09-152014-10-282013-11-22
IRS schema version2016v3.02015v2.12014v5.02013v3.12012v2.0
Filing identifier201722989349300342201612179349300916201512249349302851201431969349300108201332269349300413
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