Mutual Insurance Companies is located in Indianapolis, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mutual Insurance Companies is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Mutual Insurance Companies generated $93.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $113.7k during the year ending 09/2023. While expenses have increased by 4.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Phil Overmyer President | 1 | $0 | |
Jason Mueller Vice Preside | 1 | $0 | |
Mel Burkhart Treasurer | 1 | $0 | |
Rick Moss Past Preside | 1 | $0 | |
Richard Pitts Executive Vi | 1 | $0 | |
Taralyn Gallahan Assistant Di | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $30,405 |
Total Program Service Revenue | $13,928 |
Membership dues | $46,545 |
Investment income | $2,235 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $93,113 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $44,757 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $95 |
Other expenses | $68,868 |
Total expenses | $113,720 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $216,416 |
Other assets | $0 |
Total assets | $216,416 |
Total liabilities | $0 |
Net assets or fund balances | $216,416 |