Autoworks Property & Casualty Insurance Corporation in Anguilla, (international)

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Autoworks Property & Casualty Insurance Corporation
Employer Identification Number (EIN)980210895
Name of OrganizationAutoworks Property & Casualty Insurance Corporation
In Care of NameAms Ins Management Svcs Ltd
AddressThe Valley, Anguilla
SubsectionMutual Insurance Company or Assoc. Other Than Life or Marine
Ruling Date10/2001
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$5,000,000 to $9,999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$7,314,105
Amount of Income$527,016
Form 990 Revenue Amount$527,016
National Taxonomy of Exempt Entities (NTEE)Mutual/Membership Benefit Organizations, Other: Mutual Insurance Company or Association


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Amount of income in 2011: $527,016 (it was $519,531 in 2010)
Autoworks Property & Casualty Insurance Corporation: 

 $527,016
Other organizations performing similar types of work: 

 $198,987

Assets in 2011: $7,314,105 (it was $6,845,899 in 2010)
This organization: 

 $7,314,105
Other organizations performing similar types of work: 

 $503,241

Expenses in 2011: $35,272
This organization: 

 $35,272
Other organizations performing similar types of work: 

 $137,183

Income to expenses ratio in 2011: 14.9
Autoworks Property & Casualty Insurance Corporation: 

 14.9
Other organizations performing similar types of work: 

 1.6

Financial snapshot ($)

Revenue for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$527,016
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$325,443
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$82,251
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$119,322
Statement of Functional Expenses (for 2011)
Total functional expenses$35,272
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$35,272
Balance Sheet (for 2011)
Total assets$7,314,105
Total liabilities$147,762
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$147,762
Total net assets or fund balances$7,166,343
Retained earnings, endowment, accumulated income, or other funds$6,156,343
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Moveco Casualty CorpThe Valley British West Indies, Anguillainternational2009-06$1,754,326
2Commercial & Manufacturers Insurance LimitedHamilton Hm 11, Bermudainternational2003-04$1,155,091
3Surgical Casualty CorpRoad Town Tortola, British Virgin Islandsinternational2006-03$348,774
4Sherlbill Reinsurance Co LtdZetlands, St Kitts & Nevisinternational2005-07$276,815
5United Capitol Reinsurance Co LtdZetland Nevis, Indiainternational2002-06$159,461
6Weirco Reinsurance Co LtdZetlands Nevis, West Indiesinternational2005-08$156,413
7Sami Pacific Reinsurance LimitedZetlands Nevis West Indies, St Kitts & Nevisinternational2005-05$85,405
8Victory Reinsurance LtdZetlands Nevis, West Indiesinternational2000-04$27,332
9Reliance Reinsurance LtdZetlands Nevis, West Indiesinternational2005-08$8,094
10Stone Reinsurance Co LtdZetlands Nevis, St Kitts & Nevisinternational2005-05$5,696
11Atkins Reinsurance LimitedZetlands Nevis, W Indiesinternational2000-03$0
12Cotswold Re LimitedPO BOX 12724, Nassauinternational2006-03$0
13Devonshire Property & Casualty Insurance CorporationThe Valley Bwi, Anguillainternational$0
14Gandara-Ford Re LtdZetlands, St Kitts & Nevisinternational2005-04$0
15H A G Reinsurance Co LtdZetlands Nevis, West Indiesinternational2001-12$0
16K B Insurance Co LtdZetlands Nevis, West Indiesinternational2001-12$0
17Killarney Re LtdRoad Town Tortola, British Virgin Islandsinternational2002-04$0
18Maxx Guard Re LtdNevis, West Indiesinternational2000-05$0
19Spap Reinsurance Co LtdZetlands Nevis, West Indiesinternational2000-07$0
20Uume Reinsurance LtdZetlands Nevis, West Indiesinternational2005-06$0
Number of organizations performing similar types of work
Alabama1
Arkansas1
Arizona45
California168
Colorado4
Connecticut8
District of Columbia2
Florida7
Georgia10
Hawaii1
Idaho1
Illinois30
Indiana9
Kansas1
Kentucky1
Louisiana2
Massachusetts5
Maryland2
Michigan8
Minnesota1
Missouri12
Mississippi1
North Carolina2
Nebraska2
New Jersey1
New Mexico1
Nevada2
New York5
Ohio4
Oregon1
Pennsylvania5
Rhode Island1
Tennessee5
Texas64
Utah5
Virginia3
Vermont4
Washington1
Wisconsin1
Wyoming1
International38
Total466

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