Patrons Mutual Fire Ins Co
- Assets
- $556.2k
- Revenue
- $256.1k
- Investments
- $14.0k
- Employees
- 4
- Location
- Carmel, IN
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 35-0569837
Organization Overview
Patrons Mutual Fire Ins Co is located in Carmel, IN. 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. As of 12/2021, Patrons Mutual Fire Ins Co employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patrons Mutual Fire Ins 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 12/2021, Patrons Mutual Fire Ins Co generated $256.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $321.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INSURANCE COVERAGE TO MEMBERS TO PROTECT AGAINST PRESENT AND FUTURE LOSSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE INSURANCE COVERAGE TO MEMBERS TO PROTECT AGAINST PRESENT AND FUTURE LOSSES.
TO PROVIDE INSURANCE COVERAGE TO MEMBERS TO PROTECT AGAINST PRESENT AND FUTURE LOSSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delores Rolf Director | Trustee | 24 | $50,518 |
Scott Piper Chairman | Officer | 1 | $0 |
Edward Harper Vice Preside | Officer | 1 | $0 |
Greg Cooper Secretary/tr | Officer | 1 | $0 |
Sean Murray President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,394 |
| 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 | $13,394 |
| Total Program Service Revenue | $194,451 |
| Investment income | $9,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,356 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,126 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $27,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,056 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,016 |
| Fees for services: Management | $4,636 |
| Fees for services: Legal | $69,709 |
| Fees for services: Accounting | $1,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,252 |
| Advertising and promotion | $576 |
| Office expenses | $9,658 |
| Information technology | $9,290 |
| Royalties | $0 |
| Occupancy | $14,310 |
| Travel | $1,377 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $277 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $953 |
| Insurance | $13,463 |
| All other expenses | $3,104 |
| Total functional expenses | $321,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,566 |
| Savings and temporary cash investments | $261,519 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $218 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $63,310 |
| Investments—other securities | $13,986 |
| Investments—program-related | $0 |
| Intangible assets | $8,572 |
| Other assets | $0 |
| Total assets | $556,171 |
| Accounts payable and accrued expenses | $13,598 |
| 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 | $0 |
| Total liabilities | $13,598 |
| Net assets without donor restrictions | $542,573 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $556,171 |
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|---|---|---|
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