Virginia Property And Casualty Insurance Luaranty Association

Organization Overview

Virginia Property And Casualty Insurance Luaranty Association is located in Boston, MA. The organization was established in 1974. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Property And Casualty Insurance Luaranty Association 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, Virginia Property And Casualty Insurance Luaranty Association generated $15.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $9.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DURING THE YEAR THE ASSOCIATION PROVIDED PROTECTION TO POLICYHOLDERS & CLAIMANTS OF INSOLVENT INSURERS IN ACCORDANCE WITH THE VIRGINIA STATE STATUTE, CHAPTER 16 OF TITLE 38.2 OF THE CODE OF VIRGINIA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING THE YEAR THE ASSOCIATION PROVIDED PROTECTION TO POLICYHOLDERS AND CLAIMANTS OF INSOLVENT INSURERS IN ACCORDANCE WITH THE VIRGINIA STATE STATUTE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Tmesys Llc
Rx Drug Service
$1,010,159
C James Williams Iii Pc
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$289,950
Kalbaugh Pfund & Messersmith Pc
Legal
$277,872
The Cochran Firm Dc Pllc
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$213,339
Tree Of Life Services
Medical Services
$165,109
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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$13,877,625
Investment income $1,718,718
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $145,348
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $15,741,691

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