Nonprofit · EIN 72-0246020
PROPERTY INSURANCE ASSOCIATION OF LOUISIANA
Tax-exempt · METAIRIE, LA 70005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,641,872 | $5,760,951 | $880,921 | $16,693,176 | $2,449,576 | $14,243,600 |
| December 31, 2023 | 990 | $7,113,753 | $5,742,945 | $1,370,808 | $16,019,957 | $2,664,622 | $13,355,335 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,582,531
- Investment income
- $533,110
- Other revenue
- $526,231
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $429,027
- Other salaries and wages
- $1,765,958
- Salaries, compensation and benefits (total)
- $3,048,304
- Professional fundraising fees
- $0
- Legal fees
- $62,880
- Accounting fees
- $23,100
- Occupancy
- $164,197
- Travel
- $39,828
- Depreciation
- $217,459
Balance sheet and other
- Total assets, start of year
- $16,019,957
- Total assets, end of year
- $16,693,176
- Total liabilities, end of year
- $2,449,576
- Net assets, end of year
- $14,243,600
- Land, buildings and equipment
- $1,352,313
- Publicly traded securities
- $9,326,383
- Net assets without donor restrictions
- $14,243,600
- Gross receipts
- $33,998,341
- Employees
- 28
- Volunteers
- 19
- Year formed
- 1888
- State of legal domicile
- LA
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 |
|---|---|---|---|---|
| A J HERBERT III | EXECUTIVE DIRECTOR/SECRETA Officer | 40 | $262,699 | $32,817 |
| BLAINE RABE | PUBLIC PROTECTION DIV MANA Highest-paid employee | 40 | $134,836 | $14,034 |
| TODD MADDOX | PRICING DIV MANAGER Highest-paid employee | 40 | $123,604 | $15,227 |
| EDIE KOONCE | HR & FINANCE MANAGER Officer | 40 | $116,885 | $16,626 |
| AMANDA RUMORE | IT MANAGER Highest-paid employee | 40 | $107,144 | $13,564 |
| THOMAS RUSSO | DIRECTOR (THRU APRIL 2024) Trustee or director | 0.2 | $0 | $0 |
| WILLIAM PARKER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MARK FRUCHTNICHT | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| WILLIAM GOURGUES | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| KARI KING | DIRECTOR (THRU JULY 2024) Trustee or director | 0.2 | $0 | $0 |
| DARRYL FRANK | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| TOM CLARK | VICE CHAIR Trustee or director, Officer | 0.2 | $0 | $0 |
| CHARLES ALBERT | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JOE O'CONNOR | CHAIR Trustee or director, Officer | 0.2 | $0 | $0 |
| MARIO MORALES | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL DUTZ | DIRECTOR Trustee or director | 0.2 | $0 |
| CRYSTAL BUNOL | DIRECTOR Trustee or director | 0.2 | $0 |
| TOM HUGHES | DIRECTOR Trustee or director | 0.2 | $0 |
| RANA REINHOLTZ | DIRECTOR Trustee or director | 0.2 | $0 |
| JOVANA EVANS | DIRECTOR Trustee or director | 0.2 | $0 |
| ROBERT ANDY BLUMBERG | DIRECTOR (THRU MARCH 2024) Trustee or director | 0.2 | $0 |
| KIM THUMANN | DIRECTOR Trustee or director | 0.2 | $0 |
| BRIAN KEEFER | DIRECTOR Trustee or director | 0.2 | $0 |
| MARY FRANCES FOURNET | DIRECTOR Trustee or director | 0.2 | $0 |
| DOUG GREMILLION | DIRECTOR Trustee or director | 0.2 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| A J HERBERT III | EXECUTIVE DIRECTOR/SECRETA Officer | 40 | $256,000 | $31,551 |
| BLAINE RABE | PUBLIC PROTECTION DIV MANA Highest-paid employee | 40 | $130,923 | $10,134 |
| TODD MADDOX | PRICING DIV MANAGER Highest-paid employee | 40 | $117,170 | $13,989 |
| EDIE KOONCE | HR & FINANCE MANAGER Officer | 40 | $107,801 | $6,616 |
| THOMAS RUSSO | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| WILLIAM PARKER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MARK FRUCHTNICHT | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| WILLIAM GOURGUES | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| KARI KING | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DARRYL FRANK | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| TOM CLARK | VICE CHAIR Trustee or director, Officer | 0.2 | $0 | $0 |
| CHARLES ALBERT | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JOE O'CONNOR | CHAIR Trustee or director, Officer | 0.2 | $0 | $0 |
| MARIO MORALES | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MICHAEL DUTZ | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ROBERT ANDY BLUMBERG | DIRECTOR THRU 4/2023 Trustee or director | 0.2 | $0 | $0 |
| CRYSTAL BUNOL | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| TOM HUGHES | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| RANA REINHOLTZ | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JOVANA EVANS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| NICK LORUSSO | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DAVID RAU | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 433 METAIRIE RD STE 400, METAIRIE, LA 70005-4343
- Principal officer (990 for 2024)
- ALVIN J HERBERT III, 433 METAIRIE ROAD 400, METAIRIE, LA 70005
- Signed the 990
- ALVIN J HERBERT III, EXECUTIVE DIRECTOR
- Phone
- (504) 836-7980
- Website
- WWW.PIAL.ORG
- Return prepared by
- EAG GULF COAST LLC
Mission
THE PROPERTY INSURANCE ASSOCIATION OF LOUISIANA (PIAL) IS A PRIVATE, NON-PROFIT ASSOCIATION MADE UP OF ALL INSURANCE COMPANIES LICENSED TO WRITE PROPERTY COVERAGES WITHIN THE STATE. FOUNDED BY ITS MEMBER COMPANIES IN 1888, THE PIAL HAS BEEN IN CONTINUOUS OPERATION FOR 137 YEARS. THE PIAL IS FUNDED SOLELY BY ASSESSMENTS OF ITS MEMBER COMPANIES AND FUNCTIONS IN THREE PRIMARY WAYS: THE COMPANY GRADES MUNICIPAL AREAS IN TERMS OF FIRE PROTECTION (PUBLIC PROTECTION) CAPABILITIES FOR THE PURPOSE OF FAIR INSURANCE RATING OF THE GRADED AREAS; THE PIAL INSPECTS (UPON REQUEST OF ITS MEMBER COMPANIES) ANY COMMERCIAL BUILDING LOCATED IN THE STATE OF LOUISIANA FOR THE PURPOSE OF FAIR PRICING OF INDIVIDUAL RISKS; AND THE PIAL FILES ADVISORY RATES AND FORMS FOR PROPERTY COVERAGES IN THE STATE, SUBJECT TO REVIEW AND APPROVAL OF THE LOUISIANA DEPARTMENT OF INSURANCE.
Program accomplishments
- PURSUANT TO ITS STATUTORY AUTHORITY UNDER LOUISIANA R.S. 22:1460, THE ASSOCIATION IS DEDICATED TO PROMOTING AND MAINTAINING A HEALTHY AND COMPETITIVE PROPERTY INSURANCE MARKET IN THE STATE OF LOUISIANA FOR THE BENEFIT OF THE INSURING PUBLIC.DURING 2024, PROPERTY INSURANCE ASSOCIATION OF LOUISIANA FILED A TOTAL OF 10 RATE, RULE AND FORM FILINGS; COMPLETED 133 GRADINGS OF FIRE DEPARTMENT CAPABILITIES AND CONDUCTED 55 P-1 GAP MEETINGS WITH FIRE DEPARTMENTS THROUGH ITS GRADING ASSISTANCE PROGRAM TO HELP DEPARTMENTS IMPROVE THEIR GRADES AND PARTICIPATED IN 1 FIRE CHIEF CONFERENCES AND HOSTED THE IRB FIELD REP CONFERENCE; AND, CONDUCTED INSPECTIONS OF 1,748 COMMERCIAL BUILDINGS IN LOUISIANA AND PROVIDED THE RESULTS THEREOF TO MEMBERS, COMPANIES, AND THEIR AGENTS. THE PRICING DIVISION ALSO CONDUCTED 156 COMMERCIAL BUILDING INSPECTIONS IN LA FOR ISO.
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
- 72-0246020
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1950
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $16,693,176
- Income (IRS master file)
- $33,998,341
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,641,872 | $5,760,951 | $16,693,176 | XML |
| 990 | December 2023 | $7,113,753 | $5,742,945 | $16,019,957 | XML |
| 990 | December 2022 | $6,021,410 | $5,473,607 | $13,798,529 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 72-0246020).
Questions about PROPERTY INSURANCE ASSOCIATION OF LOUISIANA
- What is the EIN of PROPERTY INSURANCE ASSOCIATION OF LOUISIANA?
- The employer identification number (EIN) of PROPERTY INSURANCE ASSOCIATION OF LOUISIANA is 72-0246020.
- Is PROPERTY INSURANCE ASSOCIATION OF LOUISIANA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1950.
- Are donations to PROPERTY INSURANCE ASSOCIATION OF LOUISIANA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PROPERTY INSURANCE ASSOCIATION OF LOUISIANA 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 PROPERTY INSURANCE ASSOCIATION OF LOUISIANA 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 PROPERTY INSURANCE ASSOCIATION OF LOUISIANA 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 PROPERTY INSURANCE ASSOCIATION OF LOUISIANA?
- The 990 for the year ended December 31, 2024 names ALVIN J HERBERT III.
- Who are the officers and directors of PROPERTY INSURANCE ASSOCIATION OF LOUISIANA?
- The 990 for the year ended December 31, 2024 lists 25 people; 5 received compensation from the organization, the highest $262,699 (A J HERBERT III, EXECUTIVE DIRECTOR/SECRETA).
- How much revenue does PROPERTY INSURANCE ASSOCIATION OF LOUISIANA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,641,872, expenses of $5,760,951 and total assets of $16,693,176 at year end.
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