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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ray A Burbrink Secretary-Treasurer | Officer | 20 | $5,540 |
Carl Lienhoop Vice-President | Officer | 0.5 | $0 |
Marshall Middendorf President | Officer | 0.5 | $0 |
Greg Meyer Member | Trustee | 0.5 | $0 |
Trevor Glick Member | Trustee | 0.5 | $0 |
Donald Schroer Member | Trustee | 0.5 | $0 |
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 |
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 | $66,469 |
Compensation of current officers, directors, key employees. | $15,328 |
Compensation of current officers, directors, key employees. | $15,328 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $803 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $500 |
Fees for services: Lobbying | $806 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $7,312 |
Fees for services: Other | $0 |
Advertising and promotion | $1,487 |
Office expenses | $929 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $300 |
Interest | $0 |
Payments to affiliates | $7,085 |
Depreciation, depletion, and amortization | $0 |
Insurance | $6,811 |
All other expenses | $4,103 |
Total functional expenses | $404,464 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $109,251 |
Savings and temporary cash investments | $113,491 |
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 | $422 |
Inventories for sale or use | $2,500 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $2,521,878 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,747,542 |
Accounts payable and accrued expenses | $14,374 |
Grants payable | $36,000 |
Deferred revenue | $251,426 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $1,341 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $303,141 |
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 | $2,444,401 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $2,747,542 |
Organization Name | Assets | Revenue |
---|---|---|
Wisconsin Compensation Rating Bureau As Trustees For Claimants Waukesha, WI | $302,790,843 | $83,757,741 |
National Association Of Mutual Insurance Companies Indianapolis, IN | $18,221,842 | $18,221,926 |
Illinois Fair Plan Association Chicago, IL | $9,317,772 | $3,165,384 |
Wisconsin Assoc Of Mutual Insurance Companies Deforest, WI | $455,411 | $632,080 |
Sigel Mutual Insurance Co Sigel, IL | $1,478,683 | $588,471 |
Martinsburg Mutual Insurance Co Martinsburg, MO | $1,475,708 | $577,216 |
Forest Green Farmers Mutual Insurance Company Salisbury, MO | $2,139,952 | $586,732 |
Liberty Fire Benevolent Society Jefferson City, MO | $1,956,881 | $440,864 |
Thompson And Guilford Mutual Insurance Company Scales Mound, IL | $1,339,348 | $554,823 |
Stephenson County Mutual Insurance Company Rock City, IL | $1,401,000 | $373,897 |
Loran Mutual Insurance Co Pearl City, IL | $1,134,165 | $479,949 |
Farmers Mutual Insurance Company Chillicothe, MO | $1,718,338 | $462,121 |