Mississippi Automobile Insurance Plan
- Assets
- $297.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 07/1979
- Data as of
- 12/2021
- EIN
- 64-0394072
Organization Overview
Mississippi Automobile Insurance Plan is located in Johnston, RI. The organization was established in 1979. 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. Mississippi 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, Mississippi Automobile Insurance Plan generated $141.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $60.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 7 years. 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 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 Gov Comm Member | 0.25 | $0 | |
Ronnie Andrewsvicksburg Ins Agency Gov Comm Member | 0.25 | $0 | |
Keith Billsbills Ins 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 | $141,350 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $18 |
| Total Revenue | $141,384 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,738 |
| Professional fees and other payments to independent contractors | $17,934 |
| Occupancy, rent, utilities, and maintenance | $1,442 |
| Printing, publications, postage, and shipping | $93 |
| Other expenses | $2,604 |
| Total expenses | $60,811 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $283,664 |
| Other assets | $0 |
| Total assets | $297,123 |
| Total liabilities | $50,228 |
| Net assets or fund balances | $246,895 |
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|---|---|---|
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Maine Insurance Guaranty Association Boston, MA | $35,291,460 | $3,682,476 |
New England Automotive Dealers Insurance Tr East Bridgwater, MA | $340,006 | $2,171,015 |
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