Illinois Automobile Insurance Plan
- Assets
- $445.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 01/1950
- Data as of
- 12/2021
- EIN
- 36-6076571
Organization Overview
Illinois 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. Illinois 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 12/2021, Illinois Automobile Insurance Plan generated $117.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $342.9k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
TO MAKE MOTOR VEHICLE INSURANCE AVAILABLE FOR PERSONS NOTABLE TO OBTAIN COVERAGE IN THE VOLUNTARY MARKET.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Neis Public Member | 0.25 | $600 | |
Name Not Listed Gov Comm Member | 0.25 | $0 | |
William Ryan Producer Rep | 0.25 | $0 | |
John Brubaker Public Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $117,244 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $53 |
| Total Revenue | $117,297 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $118,094 |
| Professional fees and other payments to independent contractors | $83,853 |
| Occupancy, rent, utilities, and maintenance | $4,548 |
| Printing, publications, postage, and shipping | $2,339 |
| Other expenses | $134,063 |
| Total expenses | $342,897 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $434,937 |
| Other assets | $0 |
| Total assets | $445,237 |
| Total liabilities | $302,241 |
| Net assets or fund balances | $142,996 |