2017-11-10T04:42:26-08:00 2016-12-31 990 2016-01-01 132732270 AIPSO AIPS 4019462310 302 CENTRAL AVENUE JOHNSTON RI 029194932 DAVID MAYNARD ACCOUNTING MANAGER 4019462310 2017-07-12 165.225.38.72 2017-11-10 04:42:18 PS P 2A0955F98B5687D8F32B58D4D08A8C2C40F71CCC 2A0955F98B5687D8F32B58D4D08A8C2C40F71CCC 2016 2017-02-10 21:41:12Z Charles Kwolek Jr c/o AIPSO302 Central Ave Johnston RI 02919 45840515 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 12 296 13 0 0 46786061 45798912 7593 21109 25316 19145 46818970 45839166 0 0 40173606 39776369 0 0 7987489 8633636 48161095 48410005 -1342125 -2570839 34855976 38094198 81809314 91351283 -46953338 -53257085 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. 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 false true 18 0 true 296 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 Federal Ins Co 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 584240 0 154249 FRANK PENSABENE Vice President 37.50 X 212522 0 90929 LAWRENCE IACOI Vice President 38 X 476141 126273 JOSEPH AGRESTA Vice President 38 X 256559 110334 TIMOTHY MESSIER Asst Vice President 38 X 217646 100815 AMY HICKS Vice President 38 X 238623 86884 KEVIN LEEMAN Director Financial Srvs 38 X 189358 82486 ANNEMARIE D'ATTELO Senior Counsel 38 X 164856 65585 KEITH GENTILE Actuary 38 X 177612 86630 CHRISTOPHER YOUNG Director Rules & Policy 38 X 170657 83890 ROBERT POWERS Senior Counsel 38 X 167609 81040 TYLER FALCONE Director IS&PS 38 X 160087 76716 3015910 1145831 12 false true false Grant Thornton LLP 1901 S Meyers RdSte 455 Oakbrook Terrace IL 60181 Audit 396000 1 Assessments 524298 30878567 Central Processor fees 524298 4880282 Services Rendered 524298 7747926 Service charges & service provider fees 524298 1987631 Residual market audit expense recovery 524298 109807 194699 45798912 22458 1349 -1349 -1349 -1349 Late Fees 524298 18529 18529 Miscellaneous 524298 616 616 19145 45839166 45839166 2352043 22569966 5222330 7839684 1792346 60640 235893 1270388 1332954 1477732 397168 1004820 438808 Policy administration 1424262 Rate & survey data fees 559532 Electronic subscriptions 136688 Payroll Processing 57333 237418 48410005 19404832 23096227 3017656 3566297 3399 1274 243787 819717 19504740 14521409 5574895 4983331 1150733 5460674 5627352 34855976 38094198 3694458 4264866 78114856 87086417 81809314 91351283 X -46953338 -53257085 -46953338 -53257085 34855976 38094198 X -2570839 -3732908 X false true X true false false true false 908645 908645 12365587 9129285 3236302 6071723 5392124 679599 158785 158785 4983331 Due from plans - pension 5479878 Due from plans - vacation 75472 Due from plans - deferred rent 72002 5627352 Accrued pension 24290430 Accrued vacation 596655 Advance assessments 18864601 Capital lease obligation Post-retirement benefits 43129794 Deferred service provider fees 104621 Deferred rent 100316 87086417 45839166 45839166 45839166 48410005 48410005 48410005 X true true X X X X false false false CHARLES KWOLEK JR 358557 4411 221272 138984 17348 740572 FRANK PENSABENE 212522 76913 15465 304900 LAWRENCE IACOI 302375 1712 172054 117314 10781 604236 JOSEPH AGRESTA 256559 92450 19527 368536 TIMOTHY MESSIER 217646 80130 22175 319951 AMY HICKS 238031 592 84206 4224 327053 KEVIN LEEMAN 189359 62352 21496 273207 ANNEMARIE D'ATTELO 164856 58876 7909 231641 KEITH GENTILE 177612 65946 22001 265559 CHRISTOPHER YOUNG 169435 1222 63206 21960 255823 ROBERT POWERS 167609 61781 20519 249909 TYLER FALCONE 160054 33 58831 19085 238003 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 ($2,223,843) and Reapportionment of prior year's excess ($1,509,065). 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 D2E Northbrook IL 60062 Form 990, Part VI, Line 9 Amica Mutual Ins 100 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 750 Woodbury Road Woodbury NY 11797 Form 990, Part VI, Line 9 Federal Ins Co 15 Mountainview Rd Warren NJ 07059 Form 990, Part VI, Line 9 State Farm Mutual Auto One State Farm Plaza D-1 Bloomington IL 61710 Form 990, Part VI, Line 9 Travelers Companies 14 Sheffield Lane Mt Laurel NJ 08054 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,3rd Floor Wilmington DE 19803 Form 990, Part VI, Line 9 Nationwide Mut Ins Co 1 Nationwide Plaza #03-09-201 Columbus OH 43215 Form 990, Part IX, Line 24e Temporary personnel 35658. Form 990, Part IX, Line 24e Contributions 26500. Form 990, Part IX, Line 24e Licenses & fees 46544. Form 990, Part IX, Line 24e Books, news & periodicals 38756. Form 990, Part IX, Line 24e Expense report fees 15478. Form 990, Part IX, Line 24e Professional dues 48717. Form 990, Part IX, Line 24e Repair Cafe Equip 13081. Form 990, Part IX, Line 24e Bad debt 6266. Form 990, Part IX, Line 24e Miscellaneous 6418. 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 false false false false false false false false false true false false false true true false true false false