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Nonprofiteer
← CALIFORNIA AUTOMOBILE ASSIGNED RISK PLAN

Form 990 for tax year 2023

Filed by CALIFORNIA AUTOMOBILE ASSIGNED RISK PLAN.

Totals

Total revenue
$1,625,234
Total expenses
$3,279,310
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,564,598
Investment income
$60,167
Other revenue
$469
Total assets, end of year
$3,322,130
Total liabilities, end of year
$3,472,959
Net assets or fund balances, end of year
-$150,829
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Premium Earned

    total $1,564,598 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $60,167 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Miscellaneous

    total $60 · related or exempt $60 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Late Fees

    total $409 · related or exempt $409 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $469

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $488,157 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $103,523 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $117,006 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $37,212 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $348,331 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $89,191 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $31,971 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $74,280 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $121 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $1,830 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: LOSSES INCURRED

    total $965,163 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: COMMISSIONS

    total $406,647 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: CHANGE IN PDR RESERVE

    total -$166,543 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: LOSS ADJUSTMENT EXPENSES INCURRED

    total $422,994 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $359,427 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$2,816 · end of year -$5,098

  • 2 · Savings and temporary cash investments

    beginning of year $1,483,074 · end of year $2,404,417

  • 4 · Accounts receivable

    beginning of year $204,688 · end of year $915,064

  • 15 · Other assets

    beginning of year $11,407 · end of year $7,747

  • 17 · Accounts payable and accrued expenses

    beginning of year $204,412 · end of year $584,579

  • 25 · Other liabilities

    beginning of year $1,195,840 · end of year $2,888,380

  • 31 · Retained earnings, endowment or other funds

    beginning of year $296,101 · end of year -$150,829

Mission and programs · 2023

Mission

To provide automobile liability insurance to those who in good faith are entitled to but are unable to procure such insurance through ordinary methods.

  • To make motor vehicle insurance available for those persons not able to obtain coverage in the voluntary market.

  • The California Low Cost Automobile Insurance Program provides low cost automobile liability insurance to good drivers who demonstrate financial need.

As filed on the 2023 return.

Listed in Part VII

  • Csaa

    Advisory Committee Member

    Total calculated
    $0
    Hours/week
    0.5

  • Interinsurance Exchange of the Auto Club

    Advisory Committee Member

    Total calculated
    $0
    Hours/week
    0.5

  • Farmers Insurance Exchange

    Advisory Committee Member

    Total calculated
    $0
    Hours/week
    0.5

  • CA Auto Insurance Company

    Advisory Committee Member

    Total calculated
    $0
    Hours/week
    0.5

  • Geico

    Advisory Committee Member

    Total calculated
    $0
    Hours/week
    0.5

  • Allstate Insurance Company

    Advisory Committee Member

    Total calculated
    $0
    Hours/week
    0.5

  • Mapfre

    Advisory Committee Member

    Total calculated
    $0
    Hours/week
    0.5

  • State Farm Mutual Auto Ins Co

    Advisory Committee Member

    Total calculated
    $0
    Hours/week
    0.5

  • Nona Tirre Miranda

    Advisory Committee Member

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Golden

    Advisory Committee Member

    Total calculated
    $0
    Hours/week
    0.5

  • Douglas Heller

    Advisory Committee Member

    Total calculated
    $0
    Hours/week
    0.5

  • Bernardo de la Torre

    Advisory Committee Member

    Total calculated
    $0
    Hours/week
    0.5

  • Amy Nungaray

    Advisory Committee Member

    Total calculated
    $0
    Hours/week
    0.5

  • Cynthia Strathmann

    Advisory Committee Member

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
10 October 2024
IRS schema version
2023v5.1
Source object
202423079349300202

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