American Property Casualty Insurance Association
- Assets
- $156.0m
- Revenue
- $59.5m
- Investments
- $40.0m
- Employees
- 137
- Location
- Chicago, IL
- Founding
- 12/2005
- Data as of
- 12/2021
- 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 12/2021, Apcia Apci employed 137 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 12/2021, Apcia Apci generated $59.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $57.3m during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 7 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 202 individual grants totaling $9,481,409. 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilmer Cutler Pickering Hale & Dorr Llp Legal Consulting | 12/30/21 | $616,004 |
Winner & Mandabach Campaigns Llc Digital Advertising | 12/30/21 | $780,575 |
Duane Morris Llp Legal Consulting | 12/30/21 | $650,258 |
Ernst & Young Us Llp Consulting And Accounting Services | 12/30/21 | $484,721 |
Crowell & Moring Llp Legal Consulting | 12/30/21 | $350,879 |
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 | $55,223,695 |
| Investment income | $4,184,045 |
| 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 | $59,541,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,325,009 |
| 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. | $8,700,302 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,192,902 |
| Pension plan accruals and contributions | $1,987,118 |
| Other employee benefits | $1,599,532 |
| Payroll taxes | $1,356,712 |
| Fees for services: Management | $2,910,463 |
| Fees for services: Legal | $3,001,668 |
| Fees for services: Accounting | $182,141 |
| Fees for services: Lobbying | $5,774,637 |
| Fees for services: Fundraising | $130,000 |
| Fees for services: Investment Management | $13,000 |
| Fees for services: Other | $1,859,836 |
| Advertising and promotion | $17,810 |
| Office expenses | $1,867,517 |
| Information technology | $764,189 |
| Royalties | $0 |
| Occupancy | $2,845,337 |
| Travel | $143,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,808,576 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,127,378 |
| Insurance | $153,886 |
| All other expenses | $0 |
| Total functional expenses | $57,342,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,788,429 |
| Savings and temporary cash investments | $528,845 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $246,904 |
| 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 | $892,329 |
| Net Land, buildings, and equipment | $3,676,410 |
| Investments—publicly traded securities | $85,971,005 |
| Investments—other securities | $40,021,718 |
| Investments—program-related | $15,712,912 |
| Intangible assets | $0 |
| Other assets | $4,206,678 |
| Total assets | $156,045,230 |
| Accounts payable and accrued expenses | $15,094,143 |
| Grants payable | $0 |
| Deferred revenue | $253,564 |
| 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 | $4,486,239 |
| Other liabilities | $14,472,168 |
| Total liabilities | $34,306,114 |
| Net assets without donor restrictions | $121,739,116 |
| 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 | $156,045,230 |
Grants Awarded
Over the last fiscal year, American Property Casualty Insurance Association has awarded $2,254,850 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
APCIA POLITICAL ACCOUNT PURPOSE: GENERAL SUPPORT | $1,115,184 |
APCIA POLITICAL ACCOUNT I PURPOSE: GENERAL SUPPORT | $190,815 |
APCIA CALIFORNIA PAC PURPOSE: GENERAL SUPPORT | $180,981 |
Washington, DC PURPOSE: GENERAL SUPPORT | $150,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $75,000 |
Sacramento, CA PURPOSE: GENERAL SUPPORT | $54,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Property Casualty Insurance Association has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Personal Insurance Federation Of California Sacramento, CA PURPOSE: CONTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Futures Association Chicago, IL | $176,284,079 | $126,360,502 |
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |