Bartholomew County German Mutual Insurance Company Inc

Organization Overview

Bartholomew County German Mutual Insurance Company Inc is located in Edinburgh, IN. The organization was established in 1943. 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, Bartholomew County German Mutual Insurance Company Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bartholomew County German Mutual Insurance Company 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 12/2021, Bartholomew County German Mutual Insurance Company Inc generated $618.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $404.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

A FARM MUTUAL INSURANCE COMPANY SERVING MEMBERS IN BARTHOLOMEW AND SURROUNDING COUNTIES IN INDIANA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BENEFITS PAID TO MEMBERS INCLUDE PAYMENT OF INSURANCE CLAIMS FOR COVERED LOSSES. FOURTEEN (14) CLAIMS WERE PAID IN 2021, TOTALING $66,469.


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Board, Officers & Key Employees

Name (title)Compensation
Ray A Burbrink
Secretary-Treasurer
$5,540
Marshall Middendorf
President
$0
Carl Lienhoop
Vice-President
$0
Donald Schroer
Member
$0
Greg Meyer
Member
$0
Tim Arnholt
Member
$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$522,481
Investment income $86,228
Tax Exempt Bond Proceeds $3,085
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 $5,000
Miscellaneous Revenue$0
Total Revenue $618,161

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