Berry & Roxbury Mutual Insurance Company
- Assets
- $2.0m
- Revenue
- $219.7k
- Investments
- $273.2k
- Employees
- 4
- Location
- Cross Plains, WI
- Founding
- 02/1975
- Data as of
- 12/2021
- EIN
- 39-1052956
Organization Overview
Berry & Roxbury Mutual Insurance Company is located in Cross Plains, WI. The organization was established in 1975. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Berry & Roxbury Mutual Insurance Company employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berry & Roxbury Mutual Insurance Company 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, Berry & Roxbury Mutual Insurance Company generated $219.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $178.0k 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
INSURANCE COMPANY WITH GROSS RECEIPTS NOT EXCEEDING 600,000, MORE THAN 50 PERCENT OF WHICH CONSIST OF PREMIUMS.
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 WERE 373 POLICYHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Peter Wolf Secretary - Treasurer | OfficerTrustee | 15 | $32,721 |
Paul Endres Director | Trustee | 1 | $24,288 |
Karen Wolf Employee | Officer | 1 | $18,000 |
Gary Wipperfurth President | OfficerTrustee | 1 | $6,500 |
Robert Clason Vice President | OfficerTrustee | 1 | $1,325 |
Carl Ketelbeoter Director | Trustee | 1 | $450 |
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 | $183,749 |
| Investment income | $33,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $229 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $219,671 |
| 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. | $80,569 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,710 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,191 |
| Office expenses | $5,289 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,203 |
| All other expenses | $6,491 |
| Total functional expenses | $177,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,103 |
| Savings and temporary cash investments | $945,139 |
| 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 | $105 |
| Investments—publicly traded securities | $700,233 |
| Investments—other securities | $273,246 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,863 |
| Total assets | $2,030,689 |
| Accounts payable and accrued expenses | $0 |
| 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 | $193,001 |
| Total liabilities | $193,001 |
| 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 | $1,837,688 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,030,689 |
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Pohlad Group Veba Trust Milwaukee, WI | $1,880,360 | $21,238,879 |
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Ua Local 190 Health And Welfare Plan And Tr Bingham Farms, MI | $31,731,480 | $19,592,093 |
St Anthony's Med Cnt Prof & Gen Liab Milwaukee, WI | $0 | $2,384,132 |
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