Apollo Mutual Fire Insurance Co
- Assets
- $4.5m
- Revenue
- $303.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Apollo, PA
- Founding
- 08/1945
- Data as of
- 12/2022
- EIN
- 25-0326685
Organization Overview
Apollo Mutual Fire Insurance Co is located in Apollo, PA. The organization was established in 1945. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Apollo Mutual Fire Insurance Co employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apollo Mutual Fire Insurance Co is a 501(c)(15) and as such, is described as a "Mutual Insurance Company or Association" by the IRS.
For the year ending 12/2022, Apollo Mutual Fire Insurance Co generated $303.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $186.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSURANCE COMPANY - PROVIDES AFFORDABLE FIRE AND EXTENDED COVERAGE INSURANCE TO POLICYHOLDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE REASONABLE AND AFFORDABLE FIRE AND EXTENDED INSURANCE COVERAGE TO IT'S POLICYHOLDER/MEMBERS FOR COVERED LOSSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas E Mcilwain President/director | OfficerTrustee | 20 | $18,000 |
Michael L Filippini Vice President/director | OfficerTrustee | 1 | $2,735 |
David M Klingensmith Director | Trustee | 1 | $1,450 |
Elaine M Schultz Secretary/treasurer/direct | OfficerTrustee | 35 | $45,150 |
R Scott Brunermer Director | Trustee | 1 | $500 |
Ryan D Bottali Director | Trustee | 1 | $900 |
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 | $180,343 |
| Investment income | $122,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $302,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $11,471 |
| Compensation of current officers, directors, key employees. | $69,912 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,259 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $350 |
| Office expenses | $7,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,012 |
| Travel | $8,526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,125 |
| All other expenses | $399 |
| Total functional expenses | $186,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,248,577 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,437 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,135 |
| Investments—publicly traded securities | $1,185,520 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,462,669 |
| Accounts payable and accrued expenses | $28,450 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $56,013 |
| Total liabilities | $84,463 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,378,206 |
| Total liabilities and net assets/fund balances | $4,462,669 |