Cause IQ organization profile


Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Aipso is a mutual assistance society based in Johnston, RI that was founded in 1973. As of 2019 they had $49 million in revenue and $36 million in assets.

To provide high quality services for the insurance residual market at the lowest possible cost. The organization is based on customer focus and recognizes the need for flexibility in serving customer groups with diverse interests.

Fiscal year end:
Revenue trends:
Asset trends:

Program areas at Aipso

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.

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.

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 Committees, (5) file rates and rating rules with regulators on behalf of state residual market organizations, (6) provide rating rules in both print and web-based formats.

Form 990s for Aipso

Fiscal year endingDate received by IRSFormPDF link
2018-12Feb 14, 2020990View PDF
2017-12Feb 21, 2019990View PDF
2016-12Jan 18, 2018990View PDF
2015-12Dec 7, 2016990OView PDF
2014-12Sep 15, 2015990OView PDF
...and five more Form 990 PDFs

Financials for Aipso

Total grants, contributions, etc.$0
Program services$49,168,334
Investment income and dividends$107,137
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-25,241
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$14,576
Total revenues$49,264,806

Vendors for Aipso

VendorServicesAmount paidDate
Microsoft ServicesSoftware2020-03-17
███ █ ██████████Content management system software2020-03-03
████████████ ████ █████████ ███████Insurance2019-12-31
██████ ███████ ████Insurance2019-12-31
███ ███████ ████████ ████ █████████ ███████Insurance2019-12-31
████ █████ ███ ████ ██████ ██ █████ ██████Insurance2019-12-31
█████ ██████ ██ █████ ██████Insurance2019-12-31
███████ █████████ ███████Insurance2019-12-31
...and 10 more vendors

Personnel at Aipso

NameTitleCompensationMost recent data
Joseph AgrestaVice President - Information Systems and Processing Services$263,510July 23, 2020
Charles KwolekPresident$524,176Dec. 31, 2018
█████ ██ ██████Director - Financial and Investment Services$189,732July 23, 2020
███████████ █████Director Rules and Policy$171,537Dec. 31, 2018
████████ ██ ███████Director - Human Resource Services-July 23, 2020
██████ █████Director$162,442Dec. 31, 2018
█████ ███████Director Is and PS$162,470Dec. 31, 2018
█████ ███████Manager , Financial and Investment Ser / Accounting Manager-Feb. 14, 2020
█████ ███████Actuary$181,760Dec. 31, 2018
███ ██ █████Vice President$241,829July 23, 2020
...and seven more key personnel

Peer mutual assistance professional societies

1Society of Certified Insurance Counselor501(c)(6)$16 millionAustin, TX
2American Association of Insurance Services (AAIS)501(c)(6)$18 millionLisle, IL
3The Linux Foundation501(c)(6)$96 millionSan Francisco, CA
4Arbitration Forums501(c)(6)$40 millionTampa, FL
5Monroe Plan for Medical Care501(c)(6)$21 millionPittsford, NY
6Arkansas Utility Protections Service (ARKUPS)501(c)(6)$12 millionConway, AR
7Saint Elizabeth Home East Greenwich501(c)(3)$20 millionEast Greenwich, RI
8Brown Neurology501(c)(3)$29 millionProvidence, RI
9Blackstone Valley Community Health Care (BVCHC)501(c)(3)$22 millionPawtucket, RI
10Vna of Care New England501(c)(3)$23 millionWarwick, RI
11Brown Dermatology501(c)(3)$14 millionProvidence, RI
12Brown Emergency Medicine (UEMF)501(c)(3)$65 millionProvidence, RI
13Community Care Alliance501(c)(3)$31 millionWoonsocket, RI
14Providence Community Health Centers (PCHC)501(c)(3)$61 millionProvidence, RI
15CODAC Behavioral Healthcare501(c)(3)$13 millionCranston, RI
16Phoenix Houses of New England501(c)(3)$26 millionProvidence, RI
17Tri-County Community Action Agency501(c)(3)$26 millionJohnston, RI
18University Surgical Associates501(c)(3)$39 millionRumford, RI
19WellOne Primary Medical and Dental Care501(c)(3)$15 millionPascoag, RI
20Thundermist Health Center501(c)(3)$67 millionWoonsocket, RI
21Healthcentric Advisors501(c)(3)$16 millionProvidence, RI
22Saint Elizabeth Manor East Bay501(c)(3)$15 millionBristol, RI
23Comprehensive Community Action Program501(c)(3)$31 millionCranston, RI
24Brown Medicine501(c)(3)$86 millionProvidence, RI
25American Bankers Association (ABA)501(c)(6)$135 millionWashington, DC