Physicians Mutual Insurance Company Foundation
- Assets
- $5.4m
- Revenue
- $2.5m
- Investments
- $5.2m
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 04/1986
- Data as of
- 12/2021
- EIN
- 36-3424068
Organization Overview
Physicians Mutual Insurance Company Foundation is located in Omaha, NE. The organization was established in 1986. 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. Physicians Mutual Insurance Company Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Physicians Mutual Insurance Company Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 69.6% each year . All expenses for the organization totaled $565.9k during the year ending 12/2021. While expenses have increased by 24.5% per year over the past 4 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.
Since 2020, Physicians Mutual Insurance Company Foundation has awarded 82 individual grants totaling $1,621,280. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Reed Vice President | 1 | $0 | |
Edward J Mullen Sec And Treasurer | 1 | $0 | |
James T Canedy MD Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,400,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,836 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,822 |
| Capital Gain Net Income | $12,822 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,485,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,177 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23 |
| Total operating and administrative expenses | $1,200 |
| Contributions, gifts, grants paid | $564,744 |
| Total expenses and disbursements | $565,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,884 |
| Savings and temporary cash investments | $258,276 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2 |
| Total assets | $5,431,520 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,177 |
| Total liabilities | $1,177 |
Grants Awarded
Over the last fiscal year, Physicians Mutual Insurance Company Foundation has awarded $564,744 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
OMAHA SYMPHONY PURPOSE: GENERAL | $200,000 |
Omaha, NE PURPOSE: GENERAL | $100,000 |
Omaha, NE PURPOSE: GENERAL | $100,000 |
Omaha, NE PURPOSE: GENERAL | $50,000 |
AKSARBEN FOUNDATION PURPOSE: GENERAL | $25,000 |
ARBOR DAY FOUNDATION PURPOSE: GENERAL | $23,458 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Physicians Mutual Insurance Company Foundation has recieved totaling $202.
| Awarding Organization | Amount |
|---|---|
Physicians Mutual Insurance Company Foundation Omaha, NE PURPOSE: GENERAL | $202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
York County Farmers Mutual Insurance Company York, NE | $1,040,452 | $4,898,000 |
Bohemian Farmers Mutual Insurance Co Of Bon Homme County S Dak Tabor, SD | $1,203,119 | $567,635 |
Martinsburg Mutual Insurance Co Martinsburg, MO | $1,475,708 | $577,216 |
Physicians Mutual Insurance Company Foundation Omaha, NE | $5,431,520 | $2,485,558 |
Polk & Butler Mutual Insurance Company Osceola, NE | $1,028,868 | $493,578 |
Forest Green Farmers Mutual Insurance Company Salisbury, MO | $2,139,952 | $586,732 |
Mutual Insurance Company Of Saline And Seward Counties Crete, NE | $1,972,418 | $463,258 |
Liberty Fire Benevolent Society Jefferson City, MO | $1,956,881 | $440,864 |
Farmers Mutual Insurance Company Chillicothe, MO | $1,718,338 | $462,121 |
Homestead Water Company Evergreen, CO | $1,526,656 | $677,881 |
Lewis County Mutual Insurance Co Lewistown, MO | $3,439,612 | $550,134 |
Clark Mutual Insurance Company Kahoka, MO | $1,820,482 | $353,791 |