Henrietta Greenwood & Union Mutual Fire Ins Co
- Assets
- $702.4k
- Revenue
- $262.7k
- Investments
- $72.7k
- Employees
- 3
- Location
- Wonewoc, WI
- Founding
- 11/1944
- Data as of
- 12/2021
- EIN
- 39-0888504
Organization Overview
Henrietta Greenwood & Union Mutual Fire Ins Co is located in Wonewoc, WI. The organization was established in 1944. 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, Henrietta Greenwood & Union Mutual Fire Ins Co employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henrietta Greenwood & Union Mutual Fire Ins Co 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, Henrietta Greenwood & Union Mutual Fire Ins Co generated $262.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $270.4k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A COOPERATIVE FARM MUTUAL INSURANCE COMPANY THAT PROVIDES PROPERTY CASUALTY INSURANCE COVERAGE FOR ITS 197 POLICYHOLDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES OF MUTUAL INSURANCE COMPANY PROVIDING PROPERTY AND CASUALTY BENEFITS TO ITS POLICYHOLDERS. AS OF 12/31/21, THERE ARE 197 POLICYHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Laubscher Secretary | OfficerTrustee | 20 | $14,615 |
Warren Stowell Treasurer | OfficerTrustee | 10 | $8,185 |
Jon Franke Vice President | OfficerTrustee | 2 | $1,427 |
Scott Sebranek President | OfficerTrustee | 2 | $1,172 |
Randall Durst Director | Trustee | 2 | $422 |
David Laubscher Director | Trustee | 2 | $344 |
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 | $254,769 |
| Investment income | $7,931 |
| Tax Exempt Bond Proceeds | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,700 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $26,395 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,586 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $425 |
| Office expenses | $4,286 |
| 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 | $1,738 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,165 |
| All other expenses | $1,390 |
| Total functional expenses | $270,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25 |
| Savings and temporary cash investments | $588,761 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $72,689 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,893 |
| Total assets | $702,368 |
| Accounts payable and accrued expenses | $1,961 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $67,540 |
| Total liabilities | $69,501 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $632,867 |
| Total liabilities and net assets/fund balances | $702,368 |
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