EIN 13-2732270

Aipso

IRS 501(c) type
501(c)(6)
Num. employees
476
Year formed
1973
Most recent tax filings
2022-12-01
Description
To provide high quality services for the insurance residual market at the lowest possible cost. The organization is based on customer focus and recognizes the need for flexibility in serving customer groups with diverse interests.
Total revenues
$79,668,644
2022
Total expenses
$76,128,415
2022
Total assets
$84,201,784
2022
Num. employees
476
2022

Program areas at Aipso

Automated Information Systems Services provides and supports information systems for any residual market mechanism. We (1) provide systems planning and design, (2) coordinate telecommunications, networking, and data transmission, (3) offer programming expertise, (4) provide and maintain software, systems, and equipment.
Financial Services provides accounting and investment services for any residual market organization. We (1) process account receivables/payables, (2) maintain general ledgers, (3) prepare GAAP/Statutory financial statements, reports, and tax filings in accordance with state requirements,(4) maintain and reconcile bank accounts, (5) prepare, distribute, and collect assessments, (6) oversee mechanisms' investments on the respective investment policy, (7)prepare cash flow projections and budgets to ensure prospective cash needs are met, (8) ensure purchasing of goods and services is performed in compliance with company policy.
Rating & Actuarial Services is a licensed rating and/or advisory organization in more than 45 states and the District of Columbia. We (1) collect, evaluate, and edit insurance premium and expense data received from statistical organizations that collect the data from insurance companies, (2) develop rates and rating rules designed specifically for the residual market, (3) develop individual rates for unique risks not specifically rated from the rating manuals, (4) present rate indications to governing committees, (5) file rates and rules with regulators on behalf of state residual market organizations, (6) provide rates and rules in both print and Web-based formats.
Producer Certification Services provides support for producer licensing and certification for automobile residual market organizations. Management Consulting Services provide management expertise on a consulting basis to residual market mechanisms that are supported, but not managed, by our organization.
Commercial Automobile Safety Program (CASP)Services provided processing support for loss prevention programs until September 2022, when this program ended. Pooing Mechanism Support Services provides analysis and administrative support for residual market organizations. Fraud Containment Services takes measures on both a national and state level to identify and combat premium diversion and other types of fraud in connection with
insurance coverage provided through auto insurance residual market mechanisms and Producer involvement. AIPSO Insurance Operations Services: AIPSO functions as a service provider to private passenger and commercial risks in support of the auto insurance residual market's Commercial Automobile Insurance Procedures (CAIPs) Joint Underwriting Associatins (JUAs) Personal Automobile Insurance Procedures
(PAIPs) and Private Passenger (PPPs)

Personnel at Aipso

NameTitleCompensation
Kevin LeemanDirector , Financial and Investment Secretary$222,540
Christopher YoungDirector Rules and Policy$183,875
Matthew MayfieldCaip Services Director$186,590
Thomas AssadDirector$183,619
Tyler FalconeDirector Is and PS$182,893
...and 10 more key personnel

Financials for Aipso

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$79,474,830
Investment income and dividends$95,544
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$98,270
Total revenues$79,668,644

Form 990s for Aipso

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-11-10990View PDF
2019-122021-06-08990View PDF
2018-122020-02-14990View PDF
...and 9 more Form 990s
Data update history
January 8, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 8, 2024
Updated personnel
Identified 2 new personnel
December 27, 2023
Used new vendors
Identified 3 new vendors, including , , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 14, 2023
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizationsHeadquarter / parent organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
302 Central Ave
Johnston, RI 02919
Metro area
Providence-Warwick, RI-MA
County
Providence County, RI
Website URL
aipso.com/ 
Phone
(401) 946-2310
IRS details
EIN
13-2732270
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1973
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Central organization
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