2018-11-13T10:52:07-08:00 2017-12-31 990 2017-01-01 132732270 AIPSO AIPS 4019462310 302 CENTRAL AVENUE JOHNSTON RI 029194932 KEVIN LEEMAN DIRECTOR OF FINANCIAL & INVESTMENT 4019462310 2018-05-01 165.225.38.68 2018-11-13 10:51:58 PS P 2A0955F98B5687D8F32B58D4D08A8C2C40F71CCC C90AFD6DC90ACA4F5CB076DBBBFEC717CF36B374 2017 2019-02-21 02:37:17Z Charles Kwolek Jr c/o AIPSO302 Central Ave Johnston RI 02919 46573943 false X www.aipso.com X 1973 RI AIPSO'S MISSION IS TO PROVIDE HIGH QUALITY SERVICES FOR THE INSURANCE RESIDUAL MARKET AT THE LOWEST POSSIBLE COST. 12 12 306 12 0 0 45798912 46511224 21109 49744 19145 12975 45839166 46573943 0 0 39776369 40141098 0 0 8633636 9502964 48410005 49644062 -2570839 -3070119 36837275 35621523 90094360 92787124 -53257085 -57165601 X AIPSO's mission is to provide high false false 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. RATING SERVICES IS A LICENSED RATING ORGANIZATION IN MORE THAN 40 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, RATING RULES, AND SUPPORTING MANUALS DESIGNED SPECIFICALLY FOR THE RESIDUAL MARKET, (3) DEVELOP INDIVIDUAL RATES FOR UNIQUE RISKS NOT SPECIFICALLY RATED FROM THE RATING MANUALS, (4) PRESENT RATE INDICATION TO GOVERNING C FINANCIAL SERVICES PROVIDES ACCOUNTING AND INVESTMENT SERVICES FOR ANY RESIDUAL MARKET ORGANIZATION. WE (1) PROCESS ACCOUNT RECEIVABLES/PAYABLES, (2) MAINTAIN GENERAL LEDGERS, (3) PREPARE FINANCIAL STATEMENTS, REPORTS, AND TAX FILINGS, (4) MAINTAIN AND RECONCILE BANK ACCOUNTS, (5) PREPARE, DISTRIBUTE, AND COLLECT ASSESSMENTS, (6) OVERSEE MECHANISMS' INVESTMENTS ON A CENTRALIZED BASIS. Plan Management Services provide all necessary services for the effective and efficient administration of any for the effective and efficient administration of any for the effective and efficient administration of any for the effective and efficient administration of any for the effective and efficient administration of any for the effective and efficient administration of any Policy Forms Services develops automobile insurance policies designed specifically for the residual market. policies designed specifically for the residual market. policies designed specifically for the residual market. policies designed specifically for the residual market. policies designed specifically for the residual market. policies designed specifically for the residual market. applications and provides customer support for any residual market mechanism. residual market mechanism. residual market mechanism. residual market mechanism. residual market mechanism. residual market mechanism. Producer Certification Services provides support for producer licensing and certification for residual producer licensing and certification for residual producer licensing and certification for residual producer licensing and certification for residual producer licensing and certification for residual producer licensing and certification for residual Commercial Automobile Safety Program Services provides processing support for loss prevention programs. processing support for loss prevention programs. processing support for loss prevention programs. processing support for loss prevention programs. processing support for loss prevention programs. processing support for loss prevention programs. insurance coverage provided through auto insurance residual market mechanisms. residual market mechanisms. residual market mechanisms. residual market mechanisms. false false false false true false false false false false true false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false true 19 0 true 306 true false false false false false false X 12 12 false false false false true true false true true true false false true true true true true true true false X Kevin Leeman 4019462310 302 CENTRAL AVENUE JOHNSTON RI 029194932 AIG Gov Comm Member 1.00 X 0 0 0 Allstate Ins Co Gov Comm Member 1.00 X 0 0 0 Nationwide Mut Ins Co Gov Comm Member 1.00 X 0 0 0 Amica Mut Ins Co Gov Comm Member 1.00 X 0 0 0 Farmers Ins Exchange Gov Comm Member 1.00 X 0 0 0 GEICO Gov Comm Member 1.00 X 0 0 0 Interinsurance Exchange of The Auto Club Gov Comm Member 1.00 X 0 0 0 State Farm Mut Auto Ins Co Gov Comm Member 1.00 X 0 0 0 Travelers Cos Inc Gov Comm Member 1.00 X 0 0 0 USAA Gov Comm Member 1.00 X 0 0 0 Progressive Cas Ins Co Gov Comm Member 1.00 X 0 0 0 Hanover Ins Co Gov Comm Member 1.00 X 0 0 0 CHARLES KWOLEK JR President 37.50 X 454297 0 145981 FRANK PENSABENE Vice President 37.50 X 216122 0 99445 LAWRENCE IACOI Vice President 37.50 X 320481 0 137616 JOSEPH AGRESTA Vice President 37.50 X 256238 0 113996 TIMOTHY MESSIER Asst Vice President 37.50 X 215585 0 107653 AMY HICKS Vice President 37.50 X 234929 0 105037 KEVIN LEEMAN Director Financial Srvs 37.50 X 189470 0 83058 ANNEMARIE D'ATTELO Senior Counsel 37.50 X 165341 0 72207 KEITH GENTILE Actuary 37.50 X 176497 0 93067 CHRISTOPHER YOUNG Director Rules & Policy 37.50 X 167628 0 89286 ROBERT POWERS Senior Counsel 37.50 X 166118 0 88833 TYLER FALCONE Director IS&PS 37.50 X 158177 0 82200 THOMAS ASSAD JR Director 37.50 X 156699 0 78765 2877582 1297144 13 false true false Grant Thornton LLP 1901 S Meyers RdSte 455 Oakbrook Terrace IL 60181 Audit 307000 1 Assessments 524298 30931117 Central Processor fees 524298 4873202 Services Rendered 524298 7311247 Service charges & service provider fees 524298 3052764 Residual market audit expense recovery 524298 168908 173986 46511224 49744 Late Fees 524298 12575 12575 Miscellaneous 524298 400 400 12975 46573943 46573943 2363903 22801313 5725200 7450397 1800285 28750 309650 1125306 1339421 1459691 467270 961117 385984 Policy administration 2268528 Rate & survey data fees 557008 Electronic subscriptions 104604 Shared resources 212032 283603 49644062 1288782 1945629 21807445 15143634 2309374 5311367 1274 819717 822288 20339388 15305265 4983331 5034123 1121530 5627352 6242952 36837275 35621523 3007943 3513556 87086417 89273568 90094360 92787124 X -53257085 -57165601 -53257085 -57165601 36837275 35621523 X -3070119 -838397 X false true X true false false true false 908645 908645 12450560 9611590 2838970 6431447 5612020 819427 548736 81655 467081 5034123 Due from plans - pension 6126891 Due from plans - vacation 77755 Due from plans - deferred rent 38306 6242952 Accrued pension 28062862 Accrued vacation 610108 Advance assessments 16497827 Post-retirement benefits 44008908 Deferred service provider fees 21861 Deferred rent 72002 89273568 46573943 46573943 46573943 49644062 49644062 49644062 X true true X X X X false false false CHARLES KWOLEK JR 362744 4236 87317 151155 10874 616326 FRANK PENSABENE 216122 84631 16310 317063 LAWRENCE IACOI 298651 1321 20510 125495 11205 457182 JOSEPH AGRESTA 254576 1662 99683 15984 371905 TIMOTHY MESSIER 214754 831 85919 23253 324757 AMY HICKS 234929 90982 4494 330405 KEVIN LEEMAN 189454 16 67119 17323 273912 ANNEMARIE D'ATTELO 165341 64378 9083 238802 KEITH GENTILE 175835 662 71282 23127 270906 CHRISTOPHER YOUNG 167221 407 67502 23084 258214 ROBERT POWERS 166102 16 67148 22980 256246 TYLER FALCONE 158177 63266 20168 241611 THOMAS ASSAD JR 156699 62202 17775 236676 Pt VI, Line 6 Members consist of companies writing the majority of automobile insurance in the United States. Pt VI, Line 7a Members elect the governing body which is composed of 13 major insurance companies, 12 voting and 1 non-voting. Pt VI, Line 11b Form 990 is reviewed and signed by either AIPSO's Director of Financial & Investment Services or Accounting Manager. Pt VI, Line 12c Directors and Officers are required annually to sign a Conflict of Interest Statement disclosing any conflicts. Pt VI, Line 15a The Compensation and Benefits Work Group (comprised of the AIPSO BOD Chairperson and two members of the AIPSO BOD) annually reviews the performance of the President and makes a recommendation through the Board Chair to the full Board regarding annual salary adjustments. The President's compensation is subject to the same process as all other employees, including a designated salary grade level established by the Board. The Board may also retain outside independent compensation advisors, as deemed advisable by the Board, and review benchmark information to ensure that compensation of the President is reasonable. The Compensation and Benefits Work Group also coordinates with the President to develop the performance goals and criteria for recommendation to the Board. Pt VI, Line 15b Compensation of Officers is reviewed and approved by Human Resource Services and the President of AIPSO, provided that persons with conflicts of interest with respect to that compensation arrangement at issue are not involved in this review and approval. The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. AIPSO participates in a variety of well-known regional and national salary surveys conducted by third party sources to obtain survey data. There is contemporaneous documentation and recordkeeping with respect to deliberations and decisions regarding the compensation arrangement. Pt VI, Line 19 Governing documents, conflict of interest policy and financial statements are available upon request. Pt XI Other changes in fund balance consist of Retirement related changes other than net periodic cost ($1,192,242) and Reapportionment of prior year's deficiency $353,845. Form 990EZ, Part I, Line 8 AIP data fees Form 990EZ, Part I, Line 8 CAIP audit income Form 990EZ, Part I, Line 8 Late payment penalty Form 990EZ, Part I, Line 8 Magnetic tape rpts Form 990EZ, Part I, Line 8 Forms & manuals Form 990EZ, Part I, Line 8 Voluntary data fees Form 990EZ, Part I, Line 8 Central processor fees Form 990EZ, Part I, Line 8 Electronic binding Form 990EZ, Part I, Line 8 Management fee Form 990EZ, Part I, Line 8 Producer seminar Form 990EZ, Part I, Line 8 Miscellaneous Form 990EZ, Part I, Line 16 Insurance Form 990EZ, Part I, Line 16 Taxes, licenses & fees Form 990EZ, Part I, Line 16 Corporate communication Form 990EZ, Part I, Line 16 Temporary personnel Form 990EZ, Part I, Line 16 Microfilming Form 990EZ, Part I, Line 16 Bond costs Form 990EZ, Part I, Line 16 Rate & survey data fee Form 990EZ, Part I, Line 16 Real estate & prop.tax Form 990EZ, Part I, Line 16 Payroll processing Form 990EZ, Part I, Line 16 Professional dues Form 990EZ, Part I, Line 16 Educational seminars Form 990EZ, Part I, Line 16 Bank & credit card fee Form 990EZ, Part I, Line 16 Commission on bonds Form 990EZ, Part I, Line 16 Post-retirement benefits Form 990EZ, Part I, Line 16 Miscellaneous Form 990EZ, Part II, Line 24 Accounts Receivable - Net Form 990EZ, Part II, Line 24 Inventories Form 990EZ, Part II, Line 24 Prepaids Form 990EZ, Part II, Line 26 Accounts Payable & Accrued Expenses Form 990EZ, Part II, Line 26 Advanced assessments Form 990EZ, Part II, Line 26 Current portion of bonds payable Form 990EZ, Part II, Line 26 Bonds payable - long term Form 990EZ, Part II, Line 26 Cash overdraft Form 990EZ, Part II, Line 26 Post-employment benefits Form 990EZ, Part II, Line 26 Post-retirement benefits Form 990EZ, Part II, Line 26 Accrued pension Form 990EZ, Part II, Line 26 Accrued vacation Form 990EZ, Part II, Line 26 Management fee Form 990EZ, Part II, Line 26 Accured interest Form 990EZ, Part II, Line 26 Deferred rent obligation Form 990, Part III, Line 4d Plan Management Services provide all necessary services Form 990, Part III, Line 4d Policy Forms Services develops automobile insurance Form 990, Part III, Line 4d applications and provides customer support for any Form 990, Part III, Line 4d Producer Certification Services provides support for Form 990, Part III, Line 4d Commercial Automobile Safety Program Services provides Form 990, Part III, Line 4d insurance coverage provided through auto insurance Form 990, Part VI, Line 9 Allstate Ins Co 2775 Sanders Rd,Ste D2N Northbrook IL 60062 Form 990, Part VI, Line 9 Amica Mutual Ins 50 Amica Way Lincoln RI 02865 Form 990, Part VI, Line 9 Farmers Ins Exchange 3 Beaver Valley Rd Wilmington DE 19803 Form 990, Part VI, Line 9 GEICO PO Box 9015 Woodbury NY 11797 Form 990, Part VI, Line 9 Interinsurance Exchange of The Auto Club 3333 Fairview Rd #A131 Costa Mesa CA 92626 Form 990, Part VI, Line 9 State Farm Mutual Auto 1 State Farm Plz #D1 Bloomington IL 61710 Form 990, Part VI, Line 9 Travelers Companies 1 Tower Sq Hartford CT 06183 Form 990, Part VI, Line 9 USAA 9800 Fredericksburg Rd H-SVC-W San Antonio TX 78288 Form 990, Part VI, Line 9 Hanover Ins Co 440 Lincoln St #S443 Worcester MA 01653 Form 990, Part VI, Line 9 Progressive Cas Ins Co 6300 Wilson Mills Rd N72 Mayfield Village OH 44143 Form 990, Part VI, Line 9 AIG Property Cas Co 503 Carr Rd FL 3 Wilmington DE 19809 Form 990, Part VI, Line 9 Nationwide Mut Ins Co 1 Nationwide Plaza #1-18-101 Columbus OH 43215 Form 990, Part IX, Line 24e Temporary personnel 44341. Form 990, Part IX, Line 24e Contributions 28318. Form 990, Part IX, Line 24e Licenses & fees 56029. Form 990, Part IX, Line 24e Payroll processing 55594. Form 990, Part IX, Line 24e Books, news & periodicals 29279. Form 990, Part IX, Line 24e Expense report fees 14699. Form 990, Part IX, Line 24e Professional dues 43603. Form 990, Part IX, Line 24e Purchase/Repair Cafe Equip 10964. Form 990, Part IX, Line 24e Miscellaneous 776. Maine Automobile Insurance Plan c/o AIPSO302 Central Ave Johnston RI 02919 237174076 MAKE AUTOMOBILE INSURANCE AVAILABLE FOR PERSONS UNABLE TO OBTAIN COVERAGE IN THE VOLUNTARY MARKET. ME 501(c)(6) n/a Virginia Automobile Insurance Plan c/o AIPSO302 Central Ave Johnston RI 02919 540843888 MAKE AUTOMOBILE INSURANCE AVAILABLE FOR PERSONS UNABLE TO OBTAIN COVERAGE IN THE VOLUNTARY MARKET. VA 501(c)(6) n/a District of Columbia Automobile Insurance Plan c/o AIPSO302 Central Ave Johnston RI 02919 521051263 MAKE AUTOMOBILE INSURANCE AVAILABLE FOR PERSONS UNABLE TO OBTAIN COVERAGE IN THE VOLUNTARY MARKET. DC 501(c)(6) n/a Delaware Automobile Insurance Plan c/o AIPSO302 Central Ave Johnston RI 02919 136194670 MAKE AUTOMOBILE INSURANCE AVAILABLE FOR PERSONS UNABLE TO OBTAIN COVERAGE IN THE VOLUNTARY MARKET. DE 501(c)(6) n/a California Automobile Assigned Risk Plan c/o AIPSO302 Central Ave Johnston RI 02919 943137069 MAKE AUTOMOBILE INSURANCE AVAILABLE FOR PERSONS UNABLE TO OBTAIN COVERAGE IN THE VOLUNTARY MARKET. CA 501(c)(6) n/a New York Automobile Insurance Plan c/o AIPSO302 Central Ave Johnston RI 02919 237017182 MAKE AUTOMOBILE INSURANCE AVAILABLE FOR PERSONS UNABLE TO OBTAIN COVERAGE IN THE VOLUNTARY MARKET. NY 501(c)(6) n/a false false false false false false false false false true false false false true true false true false false