Sterling Insurance Cooperative Inc

Organization Overview

Sterling Insurance Cooperative Inc is located in Cobleskill, NY. The organization was established in 2008. According to its NTEE Classification (Y23) the organization is classified as: Mutual Insurance Companies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sterling Insurance Cooperative Inc is a 501(c)(15) and as such, is described as a "Mutual Insurance Company or Association" by the IRS.

For the year ending 12/2018, Sterling Insurance Cooperative Inc generated $309.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (65.2%) each year. All expenses for the organization totaled $155.7k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AFFORDABLE LOW COST PROPERTY INSURANCE TO NYS CONSUMERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOW COST PROPERTY INSURANCE FOR NYS CONSUMERS


LOW COST PROPERTY INSURANCE FOR NYS CONSUMERS


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Board, Officers & Key Employees

Name (title)Compensation
Stephen A Harris
President
$0
Antonino Cogliandro
Vice President
$0
Janette F Rosscoe
Secretary
$0
Melissa A Morlang
Treasurer
$0
Michael Downie
Vp, Claims
$0
Christopher Stauble
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$185
Investment income $5,470
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$5,346
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $309

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