American Property Casualty Insurance Association
- Assets
- $157.0m
- Revenue
- $62.1m
- Investments
- $40.1m
- Employees
- 140
- Location
- Chicago, IL
- Founding
- 12/2005
- Data as of
- 12/2022
- EIN
- 20-0487810
Organization Overview
American Property Casualty Insurance Association, operating under the name Apcia Apci, is located in Chicago, IL. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Apcia Apci employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apcia Apci is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Apcia Apci generated $62.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $59.2m during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Apcia Apci has awarded 232 individual grants totaling $11,989,909. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
APCIA PROMOTES AND PROTECTS THE VIABILITY OF A COMPETITIVE PRIVATE INSURANCE MARKET FOR THE BENEFIT OF CONSUMERS AND INSURERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLD MEETINGS AND SEMINARS TO PROVIDE INFORMATION TO THE INDUSTRY WHICH GENERALLY PROMOTES COMPETITION IN THE PROPERTY CASUALTY INDUSTRY AND PROVIDES A FORUM FOR THE DISCUSSION, STUDY, AND SOLUTION OF COMMON PROBLEMS.
DISTRIBUTE INFORMATION OF COMMON INTEREST TO AMERICAN PROPERTY CASUALTY INSURERS ASSOCIATION MEMBERS.
DEVELOP POLICY, ADVOCATE, AND LOBBY FOR LEGISLATION WHICH IS CONSISTENT WITH THE ORGANIZATION'S OBJECTIVES AND PURPOSES AND COORDINATE WITH PUBLIC OFFICIALS AND LEGISLATIVE BODIES TO THE END THAT THESE OBJECTIVES AND PURPOSES MAY BE MADE EFFECTIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director (term End 4/2022) | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director (term End 10/2022) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crowell & Moring Llp Legal Consulting | 12/30/22 | $444,585 |
Ddc Advocacy Llc Compliance Consulting | 12/30/22 | $399,695 |
Lockton Companies Llc Insurance Brokerage And Consulting | 12/30/22 | $306,902 |
Ogilvy Public Relations Worldwide Llc Lobbying Services | 12/30/22 | $280,000 |
Ernst & Young Consulting And Accounting Services | 12/30/22 | $261,798 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $59,511,665 |
| Investment income | $2,456,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,070,761 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,637,510 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,251,326 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,883,776 |
| Pension plan accruals and contributions | $1,880,374 |
| Other employee benefits | $1,619,531 |
| Payroll taxes | $1,349,850 |
| Fees for services: Management | $3,397,442 |
| Fees for services: Legal | $1,435,193 |
| Fees for services: Accounting | $198,790 |
| Fees for services: Lobbying | $6,507,579 |
| Fees for services: Fundraising | $130,000 |
| Fees for services: Investment Management | $13,000 |
| Fees for services: Other | $2,406,337 |
| Advertising and promotion | $54,304 |
| Office expenses | $1,845,690 |
| Information technology | $820,796 |
| Royalties | $0 |
| Occupancy | $2,983,984 |
| Travel | $482,871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,945,378 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,131,860 |
| Insurance | $164,691 |
| All other expenses | $25,349 |
| Total functional expenses | $59,177,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,628,219 |
| Savings and temporary cash investments | $528,868 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $445,387 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,334,862 |
| Net Land, buildings, and equipment | $5,110,476 |
| Investments—publicly traded securities | $72,679,621 |
| Investments—other securities | $40,064,945 |
| Investments—program-related | $14,551,414 |
| Intangible assets | $0 |
| Other assets | $18,633,838 |
| Total assets | $156,977,630 |
| Accounts payable and accrued expenses | $11,461,482 |
| Grants payable | $0 |
| Deferred revenue | $573,294 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $19,672,580 |
| Other liabilities | $14,453,474 |
| Total liabilities | $46,160,830 |
| Net assets without donor restrictions | $110,816,800 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $156,977,630 |
Grants Awarded
Over the last fiscal year, American Property Casualty Insurance Association has awarded $2,508,500 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON-CANTON REGIONAL FOODBANK PURPOSE: GENERAL SUPPORT | $6,667 |
AMERICAN TORT REFORM ASSOCIATION PURPOSE: GENERAL SUPPORT | $125,000 |
CENTER FOR AMERICAN IDEAS PURPOSE: GENERAL SUPPORT | $25,000 |
CALIFORNIA CHAMBER OF COMMERCE PURPOSE: GENERAL SUPPORT | $25,000 |
COMM ON CAPITAL MARKETS REGULATION PURPOSE: GENERAL SUPPORT | $100,000 |
FEEDING AMERICA PURPOSE: GENERAL SUPPORT | $10,000 |