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Nonprofit · EIN 72-0246020

PROPERTY INSURANCE ASSOCIATION OF LOUISIANA

Tax-exempt · METAIRIE, LA 70005

Financials

$7.1M$5.7M2023$6.6M$5.8M2024
Revenue Expenses · by fiscal year end
Financials of PROPERTY INSURANCE ASSOCIATION OF LOUISIANA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,641,872$5,760,951$880,921$16,693,176$2,449,576$14,243,600
December 31, 2023990$7,113,753$5,742,945$1,370,808$16,019,957$2,664,622$13,355,335
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$5,582,531
Investment income
$533,110
Other revenue
$526,231

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$429,027
Other salaries and wages
$1,765,958
Salaries, compensation and benefits (total)
$3,048,304
Professional fundraising fees
$0
Legal fees
$62,880
Accounting fees
$23,100
Occupancy
$164,197
Travel
$39,828
Depreciation
$217,459

Balance sheet and other

Total assets, start of year
$16,019,957
Total assets, end of year
$16,693,176
Total liabilities, end of year
$2,449,576
Net assets, end of year
$14,243,600
Land, buildings and equipment
$1,352,313
Publicly traded securities
$9,326,383
Net assets without donor restrictions
$14,243,600
Gross receipts
$33,998,341
Employees
28
Volunteers
19
Year formed
1888
State of legal domicile
LA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
A J HERBERT IIIEXECUTIVE DIRECTOR/SECRETA
Officer
40$262,699$32,817
BLAINE RABEPUBLIC PROTECTION DIV MANA
Highest-paid employee
40$134,836$14,034
TODD MADDOXPRICING DIV MANAGER
Highest-paid employee
40$123,604$15,227
EDIE KOONCEHR & FINANCE MANAGER
Officer
40$116,885$16,626
AMANDA RUMOREIT MANAGER
Highest-paid employee
40$107,144$13,564
THOMAS RUSSODIRECTOR (THRU APRIL 2024)
Trustee or director
0.2$0$0
WILLIAM PARKERDIRECTOR
Trustee or director
0.2$0$0
MARK FRUCHTNICHTDIRECTOR
Trustee or director
0.2$0$0
WILLIAM GOURGUESDIRECTOR
Trustee or director
0.2$0$0
KARI KINGDIRECTOR (THRU JULY 2024)
Trustee or director
0.2$0$0
DARRYL FRANKDIRECTOR
Trustee or director
0.2$0$0
TOM CLARKVICE CHAIR
Trustee or director, Officer
0.2$0$0
CHARLES ALBERTDIRECTOR
Trustee or director
0.2$0$0
JOE O'CONNORCHAIR
Trustee or director, Officer
0.2$0$0
MARIO MORALESDIRECTOR
Trustee or director
0.2$0$0
10 more people on this return
NameTitleHours / weekCompensation
MICHAEL DUTZDIRECTOR
Trustee or director
0.2$0
CRYSTAL BUNOLDIRECTOR
Trustee or director
0.2$0
TOM HUGHESDIRECTOR
Trustee or director
0.2$0
RANA REINHOLTZDIRECTOR
Trustee or director
0.2$0
JOVANA EVANSDIRECTOR
Trustee or director
0.2$0
ROBERT ANDY BLUMBERGDIRECTOR (THRU MARCH 2024)
Trustee or director
0.2$0
KIM THUMANNDIRECTOR
Trustee or director
0.2$0
BRIAN KEEFERDIRECTOR
Trustee or director
0.2$0
MARY FRANCES FOURNETDIRECTOR
Trustee or director
0.2$0
DOUG GREMILLIONDIRECTOR
Trustee or director
0.2$0
990 for the year ended December 31, 2023: 22 people
NameTitleHours / weekCompensationOther / benefits
A J HERBERT IIIEXECUTIVE DIRECTOR/SECRETA
Officer
40$256,000$31,551
BLAINE RABEPUBLIC PROTECTION DIV MANA
Highest-paid employee
40$130,923$10,134
TODD MADDOXPRICING DIV MANAGER
Highest-paid employee
40$117,170$13,989
EDIE KOONCEHR & FINANCE MANAGER
Officer
40$107,801$6,616
THOMAS RUSSODIRECTOR
Trustee or director
0.2$0$0
WILLIAM PARKERDIRECTOR
Trustee or director
0.2$0$0
MARK FRUCHTNICHTDIRECTOR
Trustee or director
0.2$0$0
WILLIAM GOURGUESDIRECTOR
Trustee or director
0.2$0$0
KARI KINGDIRECTOR
Trustee or director
0.2$0$0
DARRYL FRANKDIRECTOR
Trustee or director
0.2$0$0
TOM CLARKVICE CHAIR
Trustee or director, Officer
0.2$0$0
CHARLES ALBERTDIRECTOR
Trustee or director
0.2$0$0
JOE O'CONNORCHAIR
Trustee or director, Officer
0.2$0$0
MARIO MORALESDIRECTOR
Trustee or director
0.2$0$0
MICHAEL DUTZDIRECTOR
Trustee or director
0.2$0$0
ROBERT ANDY BLUMBERGDIRECTOR THRU 4/2023
Trustee or director
0.2$0$0
CRYSTAL BUNOLDIRECTOR
Trustee or director
0.2$0$0
TOM HUGHESDIRECTOR
Trustee or director
0.2$0$0
RANA REINHOLTZDIRECTOR
Trustee or director
0.2$0$0
JOVANA EVANSDIRECTOR
Trustee or director
0.2$0$0
NICK LORUSSODIRECTOR
Trustee or director
0.2$0$0
DAVID RAUDIRECTOR
Trustee or director
0.2$0$0

Address and contacts

Address (IRS master file)
433 METAIRIE RD STE 400, METAIRIE, LA 70005-4343
Principal officer (990 for 2024)
ALVIN J HERBERT III, 433 METAIRIE ROAD 400, METAIRIE, LA 70005
Signed the 990
ALVIN J HERBERT III, EXECUTIVE DIRECTOR
Phone
(504) 836-7980
Return prepared by
EAG GULF COAST LLC

Mission

THE PROPERTY INSURANCE ASSOCIATION OF LOUISIANA (PIAL) IS A PRIVATE, NON-PROFIT ASSOCIATION MADE UP OF ALL INSURANCE COMPANIES LICENSED TO WRITE PROPERTY COVERAGES WITHIN THE STATE. FOUNDED BY ITS MEMBER COMPANIES IN 1888, THE PIAL HAS BEEN IN CONTINUOUS OPERATION FOR 137 YEARS. THE PIAL IS FUNDED SOLELY BY ASSESSMENTS OF ITS MEMBER COMPANIES AND FUNCTIONS IN THREE PRIMARY WAYS: THE COMPANY GRADES MUNICIPAL AREAS IN TERMS OF FIRE PROTECTION (PUBLIC PROTECTION) CAPABILITIES FOR THE PURPOSE OF FAIR INSURANCE RATING OF THE GRADED AREAS; THE PIAL INSPECTS (UPON REQUEST OF ITS MEMBER COMPANIES) ANY COMMERCIAL BUILDING LOCATED IN THE STATE OF LOUISIANA FOR THE PURPOSE OF FAIR PRICING OF INDIVIDUAL RISKS; AND THE PIAL FILES ADVISORY RATES AND FORMS FOR PROPERTY COVERAGES IN THE STATE, SUBJECT TO REVIEW AND APPROVAL OF THE LOUISIANA DEPARTMENT OF INSURANCE.

990 for the year ended December 31, 2024

Program accomplishments

  • PURSUANT TO ITS STATUTORY AUTHORITY UNDER LOUISIANA R.S. 22:1460, THE ASSOCIATION IS DEDICATED TO PROMOTING AND MAINTAINING A HEALTHY AND COMPETITIVE PROPERTY INSURANCE MARKET IN THE STATE OF LOUISIANA FOR THE BENEFIT OF THE INSURING PUBLIC.DURING 2024, PROPERTY INSURANCE ASSOCIATION OF LOUISIANA FILED A TOTAL OF 10 RATE, RULE AND FORM FILINGS; COMPLETED 133 GRADINGS OF FIRE DEPARTMENT CAPABILITIES AND CONDUCTED 55 P-1 GAP MEETINGS WITH FIRE DEPARTMENTS THROUGH ITS GRADING ASSISTANCE PROGRAM TO HELP DEPARTMENTS IMPROVE THEIR GRADES AND PARTICIPATED IN 1 FIRE CHIEF CONFERENCES AND HOSTED THE IRB FIELD REP CONFERENCE; AND, CONDUCTED INSPECTIONS OF 1,748 COMMERCIAL BUILDINGS IN LOUISIANA AND PROVIDED THE RESULTS THEREOF TO MEMBERS, COMPANIES, AND THEIR AGENTS. THE PRICING DIVISION ALSO CONDUCTED 156 COMMERCIAL BUILDING INSPECTIONS IN LA FOR ISO.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
72-0246020
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1950
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$16,693,176
Income (IRS master file)
$33,998,341

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,641,872$5,760,951$16,693,176XML
990December 2023$7,113,753$5,742,945$16,019,957XML
990December 2022$6,021,410$5,473,607$13,798,529IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 72-0246020).

Questions about PROPERTY INSURANCE ASSOCIATION OF LOUISIANA

What is the EIN of PROPERTY INSURANCE ASSOCIATION OF LOUISIANA?
The employer identification number (EIN) of PROPERTY INSURANCE ASSOCIATION OF LOUISIANA is 72-0246020.
Is PROPERTY INSURANCE ASSOCIATION OF LOUISIANA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1950.
Are donations to PROPERTY INSURANCE ASSOCIATION OF LOUISIANA tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PROPERTY INSURANCE ASSOCIATION OF LOUISIANA file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PROPERTY INSURANCE ASSOCIATION OF LOUISIANA due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PROPERTY INSURANCE ASSOCIATION OF LOUISIANA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PROPERTY INSURANCE ASSOCIATION OF LOUISIANA?
The 990 for the year ended December 31, 2024 names ALVIN J HERBERT III.
Who are the officers and directors of PROPERTY INSURANCE ASSOCIATION OF LOUISIANA?
The 990 for the year ended December 31, 2024 lists 25 people; 5 received compensation from the organization, the highest $262,699 (A J HERBERT III, EXECUTIVE DIRECTOR/SECRETA).
How much revenue does PROPERTY INSURANCE ASSOCIATION OF LOUISIANA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,641,872, expenses of $5,760,951 and total assets of $16,693,176 at year end.

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