Kenosha County Mutual Ins Co
- Assets
- $5.1m
- Revenue
- $429.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Bristol, WI
- Founding
- 10/1972
- Data as of
- 12/2022
- EIN
- 39-1083287
Organization Overview
Kenosha County Mutual Ins Co is located in Bristol, WI. The organization was established in 1972. 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 12/2022, Kenosha County Mutual Ins Co employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kenosha County Mutual 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 12/2022, Kenosha County Mutual Ins Co generated $429.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $476.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PROPERTY CASUALTY INSURANCE TO MEMBER POLICYHOLDERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES OF MUTUAL INSURANCE COMPANY PROVIDING PROPERTY AND CASUALTY BENEFITS TO ITS POLICYHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Elfering Secretary | OfficerTrustee | 40 | $27,650 |
Dennis Sheen Treasurer | OfficerTrustee | 1 | $8,101 |
Myron Daniels President | OfficerTrustee | 1 | $7,960 |
Daniel Weidman Vice President | OfficerTrustee | 5 | $1,350 |
Chris Lecker Director | Trustee | 1 | $600 |
Patrick Willkomm Director | Trustee | 1 | $600 |
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 | $363,934 |
| Investment income | $41,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,341 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $429,073 |
| 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. | $48,160 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,052 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,288 |
| Payroll taxes | $3,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,001 |
| Office expenses | $16,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,750 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,323 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,885 |
| Insurance | $11,783 |
| All other expenses | $25,919 |
| Total functional expenses | $476,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,414 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,006 |
| 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 | $5,049,741 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,567 |
| Total assets | $5,122,728 |
| Accounts payable and accrued expenses | $10,838 |
| Grants payable | $0 |
| Deferred revenue | $181,171 |
| 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 | $29,835 |
| Total liabilities | $221,844 |
| 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 | $4,900,884 |
| Total liabilities and net assets/fund balances | $5,122,728 |