Motor Vehicle Accident Indemnification Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 135672354 ✦ New york, NY ✦ Designated as a 501(c)(6)

Overview

What is Motor Vehicle Accident Indemnification Corporation?

Motor Vehicle Accident Indemnification Corporation (MVAIC) is a New York-based nonprofit organization dedicated to supporting victims of motor vehicle accidents and their families. Their primary mission is to compensate individuals who have been injured by uninsured, stolen, or unidentified motorists in the State of New York. By providing the highest level of assistance and compassion, MVAIC ensures victims receive the necessary compensation for no-fault claims and tort settlements, along with related expenses.


Official website here: www.mvaic.com

Is Motor Vehicle Accident Indemnification Corporation legitimate?

Motor Vehicle Accident Indemnification Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Motor Vehicle Accident Indemnification Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,507,621
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mvaic.com

What is the mission statement of Motor Vehicle Accident Indemnification Corporation?

Motor Vehicle Accident Indemnification Corporation is dedicated to providing financial compensation to individuals harmed in accidents caused by uninsured, stolen, or unidentified motorists. The organization's primary goal is to process and pay no-fault claims, tort settlements, and related expenses for injured victims in New York state. With a commitment to offering the highest level of support, Motor Vehicle Accident Indemnification Corporation aims to make a positive difference in the lives of those affected by motor vehicle accidents. Their mission is to ensure that victims receive the necessary financial assistance during their recovery process. By fulfilling this important role, the Corporation brings peace of mind to injured parties and their families.


Official website here: www.mvaic.com

Who is the CEO of Motor Vehicle Accident Indemnification Corporation?

Jason Dooley is the President of Motor Vehicle Accident Indemnification Corporation.


Official website here: www.mvaic.com

What is the revenue of Motor Vehicle Accident Indemnification Corporation?

Motor Vehicle Accident Indemnification Corporation's revenue in 2022 was $60,707,232.


Official website here: www.mvaic.com

Who are the executives of Motor Vehicle Accident Indemnification Corporation and what are their salaries?

Here are 19 key members and their salaries:

    Jason Dooley (President)
  • Compensation: $216,059
  • Related: $0
  • Other: $0

    • Christina M Frazzitta (Vice President)
  • Compensation: $186,620
  • Related: $0
  • Other: $0

    • Jaime E Gangemi (Manager Legal Dept)
  • Compensation: $176,001
  • Related: $0
  • Other: $0

    • Eric Pappalardi (Manager Siu)
  • Compensation: $154,688
  • Related: $0
  • Other: $0

    • Dominic A Dillon (Controller)
  • Compensation: $150,296
  • Related: $0
  • Other: $0

    • Louis Ng (Manager It Core Sup)
  • Compensation: $146,157
  • Related: $0
  • Other: $0

    • Boris Kazakevich (Manager Claims)
  • Compensation: $142,005
  • Related: $0
  • Other: $0

    • Ann Gangi (Attorney)
  • Compensation: $114,866
  • Related: $0
  • Other: $0

    • Sheila Ahmed (Attorney)
  • Compensation: $112,441
  • Related: $0
  • Other: $0

    • Andrew Staub (Attorney)
  • Compensation: $108,488
  • Related: $0
  • Other: $0

    • Tim Trueworthy (New York Central Mutu) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maura Clancy (Clancy Clancy Broker) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bernard Turi (Utica National) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David French (Travelers Insurance) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Isaac Zambas (Public Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Hales (Progressice Insurance) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Leone (Geico) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maureen Hasselmann (State Farm) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edward Alejandro (Plymouth Rock) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mvaic.com

    Where can I find the form 990 for Motor Vehicle Accident Indemnification Corporation?

    The Motor Vehicle Accident Indemnification Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mvaic.com

    Learn more at the official website: www.mvaic.com

    Mission Statement of Motor Vehicle Accident Indemnification Corporation

    Motor Vehicle Accident Indemnification Corporation (MVAIC) is a dedicated organization committed to compensating victims of uninsured, stolen, or unidentified motor vehicle accidents in New York State. The primary objective of this corporation is to provide financial assistance in the form of no fault claims, tort settlements, and related expenses to individuals who have been injured in such accidents.

    In simple terms, MVAIC serves as a safety net for those who have been wrongfully injured in motor vehicle accidents and lack the means to seek compensation through conventional channels. The organization's mission is driven by a deep sense of responsibility towards providing support, assistance, and compassion to victims and their families or representatives during their time of need.

    By offering financial assistance, MVAIC strives to alleviate the financial burden and stress that often accompany motor vehicle accidents. The corporation's commitment to its mission extends beyond mere financial support, as it works to ensure that the claims process is as efficient and seamless as possible for those who have been injured. This dedication to the victims of motor vehicle accidents is a testament to MVAIC's unwavering commitment to making a difference in the lives of those who have been affected by these unfortunate events.

    Impact

    This information is meant to be a general summary of Motor Vehicle Accident Indemnification Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The impact of the Motor Vehicle Accident Indemnification Corporation (MVAIC) is significant in the state of New York. It provides crucial support to victims of motor vehicle accidents involving uninsured, stolen, or unidentified motorists. By compensating these individuals for their injuries and related expenses, MVAIC plays a vital role in helping them recover and move forward from traumatic incidents. The corporation's mission to provide the highest level of support, assistance, and compassion underscores its dedication to aiding those in need during challenging times. Through its work, MVAIC contributes to improving the well-being of accident victims, their families, and their representatives in the state.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,440,651
  • Program Service Revenue: $0
  • Gross Receipts: $60,707,232

    • Assets and Liabilities:
  • Total Assets: $97,106,001
  • Total Liabilities: $94,904,095
  • Net Assets: $2,201,906
  • Organization Details

    Founding Year

    1958

    Principal Officer

    Jason Dooley

    Main Address

    100 William Street 14th Floor, New York, NY, 10038

    NTEE Category

    Code: Y03 - Mutual benefit

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