Indiana Automobile Insurance Plan
- Assets
- $100.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 05/1950
- Data as of
- 12/2020
- EIN
- 35-0777497
Organization Overview
Indiana Automobile Insurance Plan is located in Johnston, RI. The organization was established in 1950. 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. Indiana Automobile Insurance Plan 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 12/2020, Indiana Automobile Insurance Plan generated $3.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (40.8%) each year. All expenses for the organization totaled $306.5k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
TO MAKE MOTOR VEHICLE INSURANCE AVAILABLE FOR THOSEPERSONS NOT ABLE TO OBTAIN COVERAGE IN THE VOLUNTARYMARKET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Governing Committee Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,676 |
| Membership dues | $0 |
| Investment income | $238 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $360 |
| Total Revenue | $3,274 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $284,259 |
| Occupancy, rent, utilities, and maintenance | $611 |
| Printing, publications, postage, and shipping | $758 |
| Other expenses | $20,844 |
| Total expenses | $306,472 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $91,739 |
| Other assets | $0 |
| Total assets | $100,897 |
| Total liabilities | $13,900 |
| Net assets or fund balances | $86,997 |