VIRGINIA PROPERTY INSURANCE ASSN Charity Report

Public IRS 990 nonprofit record

VIRGINIA PROPERTY INSURANCE ASSN

EIN 23-7097511 · Professional Athletic Leagues (N80)

What they do

The Virginia Property Insurance Association (VPIA or "the Association") Was Established By The Virginia State Corporation Commission for The Purpose of Administering A Program of Equitable Distribution and Placement of Basic Property Insurance In Compliance With The Urban Property Protection and Reinsurance Act of 1968. The Program Became Effective On July 26, 1968, As The Virginia Insurance Placement Facility and Was Reorganized As VPIA October 1, 1973. VPIA Issues Policies On Behalf of Its Members Who Bear The Direct Risk On A Pro-rata Basis. VPIA is Responsible for The Collection of Premiums, Payment of Commissions, Losses and Loss Adjustment Expenses, and Also General Administrative Expenses. Assessments Are Made On Participating Companies for Funds As They Are Needed.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $79.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

42.46%of revenue went to mission work79.0% of expenses · Program services

$53.73spent for every $100 of revenueRevenue covered expenses this year.

11.28%of revenue went to management and office costs21.0% of expenses

$3.19in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $227,230 for MS SUSAN M TINSLEY CPCU (GENERAL MANAGER AND SECRETARY). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$22,316,997

Mission workProgram services$9,475,27042.46% of revenue79.0% of expenses

ManagementOffice and general costs$2,516,33111.28% of revenue21.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$10,325,39646.27% of revenueShown in gray on the chart

Total expenses$11,991,60153.73% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 79.0% mission · 21.0% management · 0.0% fundraisingTotal expenses: 53.73% of revenue

2023Expense mix: 87.5% mission · 12.5% management · 0.0% fundraisingTotal expenses: 105.85% of revenue

2022Expense mix: 84.3% mission · 15.7% management · 0.0% fundraisingTotal expenses: 97.52% of revenue

2021Expense mix: 84.1% mission · 15.9% management · 0.0% fundraisingTotal expenses: 94.48% of revenue

2020Expense mix: 86.6% mission · 13.4% management · 0.0% fundraisingTotal expenses: 102.93% of revenue

2019Expense mix: 86.2% mission · 13.8% management · 0.0% fundraisingTotal expenses: 93.21% of revenue

2018Expense mix: 85.4% mission · 14.6% management · 0.0% fundraisingTotal expenses: 79.50% of revenue

2017Expense mix: 87.9% mission · 12.1% management · 0.0% fundraisingTotal expenses: 95.38% of revenue

Money in and money out

Revenue$22,316,997

Expenses$11,991,601

Annual surplus $10,325,396 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$9,475,270 · 79.0% of expenses

Management and office costs$2,516,331 · 21.0% of expenses

See all reported dollar amounts

Revenue$22,316,997

Expenses$11,991,601

Assets$38,193,703

Income$22,316,997

Mission work (program services)$9,475,270

Management and general$2,516,331

Accounting fees$44,240

Investing fees$86,898

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MS SUSAN M TINSLEY CPCUGENERAL MANAGER AND SECRETARY · 50 hrs/week $227,230

MS KELLY BIESTERASSISTANT MANAGER · 50 hrs/week $158,566

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

MS SUSAN M TINSLEY CPCUGENERAL MANAGER AND SECRETARY

MS KELLY BIESTERASSISTANT MANAGER

MR SCOTT DENOONBOARD MEMBER

MS ROBEE BERRYBOARD MEMBER

MS NICOLE SPORTIELLOBOARD MEMBER

MS MELANIE HARTWELLALTERNATE BOARD MEMBER

MS EDITH MASONALTERNATE BOARD MEMBER

MS CHERYL WATTSALTERNATE BOARD MEMBER

MS CARLA MARKSAGENT BOARD MEMBER

MS BETTY WOOLDRIDGEBOARD MEMBER

MR TOM MATHESALTERNATE BOARD MEMBER

MR SHANE BADONBOARD MEMBER

MR CHAD HARVELBOARD MEMBER

MR PETER MAERCKLEINALTERNATE BOARD MEMBER

MR NOLAND DEASBOARD MEMBER

MR MATT YOUNGSMABOARD MEMBER

MR MATT HUDNELLBOARD MEMBER

MR KENNETH JARVISALTERNATE BOARD MEMBER

MR KARL ECKHARDTBOARD MEMBER

MR JAMES STACIAPUBLIC BOARD MEMBER

MR EDDIE REDFEARNAGENT BOARD MEMBER

MR DAVID BONENFANT CPCU CHFC CLUCHAIRMAN

MR CONLETH KENNEDYVICE CHAIRMAN

About this charity

Recognized since: January 1973
Location: 301 CONCOURSE BLVD STE 190, GLEN ALLEN, VA 23059-5759
County: Hanover
In care of: SUSAN TINSLEY
Primary officer: SUSAN TINSLEY, GENERAL MANAGER & SECRETARY

How to reach them

WebsiteVisit the charity’s website Phone(804) 591-3700

Filing and classification

Latest tax year: 2024
Tax period began: October 1, 2024
Return type: 990
NTEE classification: Professional Athletic Leagues (N80)
IRS tax category: Professional Athletic Leagues