Minnesota Automobile Insurance Plan
- Assets
- $83.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 05/1952
- Data as of
- 12/2020
- EIN
- 41-6037496
Organization Overview
Minnesota Automobile Insurance Plan is located in Johnston, RI. The organization was established in 1952. 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 the central organization for a national or regional group of organizations. Minnesota 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, Minnesota Automobile Insurance Plan generated $5.6k 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 (36.6%) each year. All expenses for the organization totaled $126.5k 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 TO THOSE PERSONS NOT ABLE TO OBTAIN COVERAGE IN THE VOLUNTARY MARKET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Gov Comm Member | 1 | $0 | |
Joseph Haley Gov Comm Member | 1 | $0 | |
Lindsay M Keller Gov Comm Member | 1 | $0 | |
Frederick Ramos Gov Comm Member | 1 | $0 | |
Andrew Whitman Gov Comm Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,978 |
| Membership dues | $0 |
| Investment income | $241 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $400 |
| Total Revenue | $5,619 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,644 |
| Professional fees and other payments to independent contractors | $62,694 |
| Occupancy, rent, utilities, and maintenance | $1,619 |
| Printing, publications, postage, and shipping | $413 |
| Other expenses | $10,176 |
| Total expenses | $126,546 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $78,853 |
| Other assets | $0 |
| Total assets | $83,218 |
| Total liabilities | $98,553 |
| Net assets or fund balances | -$15,335 |