Physicians Mutual Insurance Company Foundation
- Assets
- $6.9m
- Revenue
- $2.1m
- Investments
- $6.7m
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 04/1986
- Data as of
- 12/2022
- 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 12/2022, Physicians Mutual Insurance Company Foundation generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $659.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Physicians Mutual Insurance Company Foundation has awarded 93 individual grants totaling $1,751,075. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 Jr President | 1 | $0 | |
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 | $2,000,000 |
| Interest on Savings | $848 |
| Dividends & Interest | $88,891 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $918 |
| Capital Gain Net Income | $918 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,090,657 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,260 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,260 |
| Contributions, gifts, grants paid | $658,063 |
| Total expenses and disbursements | $659,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,498 |
| Savings and temporary cash investments | $134,036 |
| 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 | $16 |
| Total assets | $6,862,938 |
| 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 | $1,261 |
| Total liabilities | $1,261 |
Grants Awarded
Over the last fiscal year, Physicians Mutual Insurance Company Foundation has awarded $658,063 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
AKSARBEN FOUNDATION PURPOSE: GENERAL | $25,000 |
ALS IN THE HEARTLAND PURPOSE: GENERAL | $1,500 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL | $1,000 |
ARBOR DAY FOUNDATION PURPOSE: GENERAL | $24,359 |
BELLEVUE UNIVERSITY PURPOSE: GENERAL | $500 |
BETHLEHEM HOUSE PURPOSE: GENERAL | $1,000 |