Oklahoma Automobile Insurance Plan
- Assets
- $231.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 02/1989
- Data as of
- 12/2023
- EIN
- 73-1332580
Organization Overview
Oklahoma Automobile Insurance Plan is located in Oklahoma City, OK. The organization was established in 1989. 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. Oklahoma 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 12/2023, Oklahoma Automobile Insurance Plan generated $104.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 31.9% each year . All expenses for the organization totaled $111.8k during the year ending 12/2023. While expenses have increased by 8.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE AUTOMOBILE INSURANCE TO QUALIFIED DRIVERS WHO ARE UNABLE TO PURCHASE SUCH COVERAGE IN THE VOLUNTARY MARKET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Johnson Plan Manager | 2 | $0 | |
George Prideaux Member | 0.5 | $0 | |
Gregg Jones Member | 0.5 | $0 | |
Caren Kerman Member | 0.5 | $0 | |
Aaron Angel Vice Chairperson | 0.5 | $0 | |
Tammy Mccalip Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,342 |
| Membership dues | $99,286 |
| Investment income | $3,184 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $500 |
| Total Revenue | $104,312 |
| 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 | $100,780 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,013 |
| Total expenses | $111,793 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $141,146 |
| Other assets | $0 |
| Total assets | $231,903 |
| Total liabilities | $8,898 |
| Net assets or fund balances | $223,005 |