Alabama Automobile Insurance Plan
- Assets
- $368.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 04/1953
- Data as of
- 12/2022
- EIN
- 63-6054801
Organization Overview
Alabama Automobile Insurance Plan is located in Johnston, RI. The organization was established in 1953. 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. Alabama 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 12/2022, Alabama Automobile Insurance Plan generated $3.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (36.7%) each year. All expenses for the organization totaled $117.0k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
TO MAKE MOTOR VEHICLE INSURANCE AVAILABLE FOR PERSONSNOT ABLE TO OBTAIN COVERAGE IN THE VOLUNTARY MARKET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | 0.25 | $0 | |
Name Not Listed Gov Comm Member | 0.25 | $0 | |
Name Not Listed Chair | 0.25 | $0 | |
Name Not Listed Gov Comm Member | 0.25 | $0 | |
Name Not Listed Gov Comm Member | 0.25 | $0 | |
Name Not Listed Gov Comm Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,671 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $300 |
| Total Revenue | $2,971 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,803 |
| Professional fees and other payments to independent contractors | $55,849 |
| Occupancy, rent, utilities, and maintenance | $1,556 |
| Printing, publications, postage, and shipping | $283 |
| Other expenses | $21,472 |
| Total expenses | $116,963 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $359,469 |
| Other assets | $0 |
| Total assets | $368,176 |
| Total liabilities | $50,842 |
| Net assets or fund balances | $317,334 |