Nonprofit · EIN 13-2732270
AIPSO
Tax-exempt · JOHNSTON, RI 02919
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $140,283,243 | $133,598,722 | $6,684,521 | $104,901,695 | $101,163,471 | $3,738,224 |
| December 31, 2023 | 990 | $128,830,883 | $113,341,670 | $15,489,213 | $100,666,444 | $111,837,902 | -$11,171,458 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $138,056,873
- Investment income
- $1,889,518
- Net gain from sales of assets
- -$2,911
- Other revenue
- $336,852
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $3,473,947
- Other salaries and wages
- $43,847,168
- Salaries, compensation and benefits (total)
- $68,306,439
- Professional fundraising fees
- $0
- Legal fees
- $300,990
- Accounting fees
- $581,023
- Occupancy
- $2,627,530
- Travel
- $392,725
- Depreciation
- $1,726,606
Balance sheet and other
- Total assets, start of year
- $104,212,497
- Total assets, end of year
- $104,901,695
- Total liabilities, end of year
- $101,163,471
- Net assets, end of year
- $3,738,224
- Land, buildings and equipment
- $7,223,345
- Gross receipts
- $140,286,154
- Employees
- 603
- Volunteers
- 13
- Year formed
- 1973
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Charles Kwolek | President & Chief Executive Officer Officer | 37.5 | $713,334 | $132,197 |
| Frank Pensabene | SVP & Chief Operating Officer Officer | 37.5 | $346,917 | $71,997 |
| Joseph Agresta | VP & Chief Information Officer Officer | 37.5 | $308,206 | $57,963 |
| Amy Hicks | VP & Chief Actuary Officer | 37.5 | $301,952 | $50,471 |
| Robert Powers | VP,General Counsel & Secretary Officer | 37.5 | $274,075 | $71,938 |
| Timothy Messier | AVP & Actuarial Team Leader Officer | 37.5 | $267,132 | $68,662 |
| Kevin Leeman | Sr Director & Chief of Financial Operations Officer | 37.5 | $248,488 | $59,398 |
| Keith Gentile | Actuary & Actuarial Team Leader Highest-paid employee | 37.5 | $226,725 | $58,326 |
| Grace Lopes | Senior Counsel Highest-paid employee | 37.5 | $209,573 | $55,954 |
| Matthew Mayfield | Director, AIO Commercial Auto Highest-paid employee | 37.5 | $210,775 | $42,552 |
| Michael O'Leary | Senior Counsel Highest-paid employee | 37.5 | $207,472 | $42,676 |
| Douglas Beck | Director, AIO Enablement Services Highest-paid employee | 37.5 | $195,399 | $52,041 |
| Barry Zalcman | VP Insurance Operations Officer | 37.5 | $186,976 | $42,690 |
| Adam LaFlamme | VP & Chief Technology Officer Officer | 37.5 | $177,454 | $41,797 |
| Hanover Ins Co | Gov Comm Member Trustee or director | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Allstate Ins Co | Gov Comm Member Trustee or director | 1 | $0 |
| Nationwide Mut Ins Co | Gov Comm Member Trustee or director | 1 | $0 |
| Amica Mut Ins Co | Gov Comm Member Trustee or director | 1 | $0 |
| Farmers Ins Exchange | Gov Comm Member Trustee or director | 1 | $0 |
| GEICO General Ins Co | Gov Comm Member Trustee or director | 1 | $0 |
| Interinsurance Exchange of The Auto Club | Gov Comm Member Trustee or director | 1 | $0 |
| State Farm Mut Auto Ins Co | Gov Comm Member Trustee or director | 1 | $0 |
| The Travelers Companies | Gov Comm Member Trustee or director | 1 | $0 |
| USAA | Gov Comm Member Trustee or director | 1 | $0 |
| Progressive Cas Ins Co | Gov Comm Member Trustee or director | 1 | $0 |
| Selective Ins Co | Gov Comm Member Trustee or director | 1 | $0 |
| NJ Manufacturers Ins Co | Gov Comm Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Charles Kwolek | President & Chief Executive Officer Officer | 37.5 | $587,673 | $114,010 |
| Frank Pensabene | SVP & Chief Operating Officer Officer | 37.5 | $322,367 | $66,489 |
| Joseph Agresta | VP & Chief Information Officer Officer | 37.5 | $299,341 | $55,201 |
| Amy Hicks | VP & Chief Actuary Officer | 37.5 | $289,267 | $47,483 |
| Timothy Messier | AVP & Actuarial Team Leader Officer | 37.5 | $255,311 | $68,086 |
| Robert Powers | VP,General Counsel & Secretary Officer | 37.5 | $253,888 | $66,472 |
| Kevin Leeman | Director Financial & Investment Services Officer | 37.5 | $233,161 | $55,695 |
| Keith Gentile | Actuary & Actuarial Team Leader Highest-paid employee | 37.5 | $217,117 | $55,433 |
| Tyler Falcone | Director IS&PS Key employee | 37.5 | $191,855 | $54,244 |
| Grace Lopes | Senior Counsel Highest-paid employee | 37.5 | $193,158 | $52,032 |
| Annemarie D'Attelo | Senior Counsel Highest-paid employee | 37.5 | $202,191 | $39,438 |
| Matthew Mayfield | CAIP Services Director Highest-paid employee | 37.5 | $198,860 | $40,036 |
| Michael O'Leary | Senior Counsel Highest-paid employee | 37.5 | $197,991 | $39,883 |
| Hanover Ins Co | Gov Comm Member Trustee or director | 1 | $0 | $0 |
| Allstate Ins Co | Gov Comm Member Trustee or director | 1 | $0 | $0 |
| Nationwide Mut Ins Co | Gov Comm Member Trustee or director | 1 | $0 | $0 |
| Amica Mut Ins Co | Gov Comm Member Trustee or director | 1 | $0 | $0 |
| Farmers Ins Exchange | Gov Comm Member Trustee or director | 1 | $0 | $0 |
| GEICO General Ins Co | Gov Comm Member Trustee or director | 1 | $0 | $0 |
| Interinsurance Exchange of The Auto Club | Gov Comm Member Trustee or director | 1 | $0 | $0 |
| State Farm Mut Auto Ins Co | Gov Comm Member Trustee or director | 1 | $0 | $0 |
| The Travelers Companies | Gov Comm Member Trustee or director | 1 | $0 | $0 |
| USAA | Gov Comm Member Trustee or director | 1 | $0 | $0 |
| Progressive Cas Ins Co | Gov Comm Member Trustee or director | 1 | $0 | $0 |
| Selective Ins Co | Gov Comm Member Trustee or director | 1 | $0 | $0 |
| NJ Manufacturers Ins Co | Gov Comm Member Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 302 CENTRAL AVE, JOHNSTON, RI 02919-4932
- Principal officer (990 for 2024)
- Charles Kwolek Jr, c/o AIPSO302 Central Ave, Johnston, RI 02919
- Signed the 990
- Kevin Leeman, Sr Director & Chief of Financial Op
- Phone
- (401) 946-2310
- Website
- www.aipso.com
Mission
AIPSOs mission is to provide high quality services for the insurance residual market at the lowest possible cost.
Program accomplishments
- 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,(5) implement, monitor, and maintain data and systems security.
- 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,loss,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 online formats.
- AIPSO Insurance Operations Services functions as a service provider to private and commercial risks in support of the auto insurance residual markets Commercial Automobile Insurance Procedures (CAIPs), Joint Underwriting Associations (JUAs), and Personal Automobile Insurance Plans (PAIPs) and Private Passenger Pools (PPPs). We (1)utilize a fronting company vendor in jurisdictions where Plan paper is not currently approved for use, (2)underwrite and issue policies assigned via contract with specific state Plan mechanisms, (3)provide customer service to producers and policyholders, (4)work with a claims vendor to service and settle all claims arising from issued policies and (5)report premium and loss statistical data to the mechanisms statistical agents.
- Producer Certification Services provides support for producer licensing and certification for 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.
- Pooling 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.
- Regulatory Affairs Services communicates with state insurance regulatory agencies on various filings and regulatory issues. Servicing Carrier Audit Services conducts compliance audits (remotely or on-site) of residual market servicing carriers. Uniform Operating Rules Services develops uniform operating rules for residual market organizations.
- Financial Services provides accounting and investment services for any residual market organization. Plan Management Services provides all necessary services, support, and/or products that are needed for the effective and efficient administration of an auto insurance plan, joint underwriting association, or reinsurance facility. Application Processing Services provides customer support
- for any residual market mechanism. Legal and Compliance Services provides all necessary legal counsel and support for automobile residual market organizations managed by AIPSO. Members Participation Services collects data and performs calculations for insurers to equitably participate in the operating results of pooling mechanisms such as PAIP, CAIP,
- JUA, and RF. Policy Form Service develops automobile insurance policies designed specifically for the residual market. Quota Sharing Services develops and adjusts quota ratios for insurers to maintain equitable sharing of insurance applications.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-2732270
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $104,901,695
- Income (IRS master file)
- $140,286,154
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $140,283,243 | $133,598,722 | $104,901,695 | XML |
| 990 | December 2023 | $128,830,883 | $113,341,670 | $100,666,444 | XML |
| 990 | December 2022 | $79,668,644 | $76,128,415 | $84,201,784 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-2732270).
Questions about AIPSO
- What is the EIN of AIPSO?
- The employer identification number (EIN) of AIPSO is 13-2732270.
- Is AIPSO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1973.
- Are donations to AIPSO tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AIPSO file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AIPSO due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AIPSO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AIPSO?
- The 990 for the year ended December 31, 2024 names Charles Kwolek Jr.
- Who are the officers and directors of AIPSO?
- The 990 for the year ended December 31, 2024 lists 27 people; 14 received compensation from the organization, the highest $713,334 (Charles Kwolek, President & Chief Executive Officer).
- How much revenue does AIPSO have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $140,283,243, expenses of $133,598,722 and total assets of $104,901,695 at year end.
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