Cascade Mutual Insurance Association

Organization Overview

Cascade Mutual Insurance Association is located in Monticello, IA. The organization was established in 1946. 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 12/2020, Cascade Mutual Insurance Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cascade Mutual Insurance Association is a 501(c)(15) and as such, is described as a "Mutual Insurance Company or Association" by the IRS.

For the year ending 12/2020, Cascade Mutual Insurance Association generated $443.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $433.4k during the year ending 12/2020. While expenses have increased by 4.7% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO INSURE & PROTECT FROM LOSS OF PROPERTY OF THE MEMBERSHIP

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO INSURE & PROTECT FROM LOSS OF PROPERTY OF THE MEMBERSHIP


TO INSURE & PROTECT FROM LOSS OF PROPERTY OF THE MEMBERSHIP


TO INSURE & PROTECT FROM LOSS OF PROPERTY OF THE MEMBERSHIP


TO INSURE & PROTECT FROM LOSS OF PROPERTY OF THE MEMBERSHIP


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Board, Officers & Key Employees

Name (title)Compensation
G Blair Gleason
Director
$56,920
Alvin Faber
Director
$1,250
James Decker
Director
$900
Charles Knepper
Director
$900
Ryan Sperfslage
Director
$900
Jamie Goedken
Secretary/tr
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$422,509
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$422,509
Total Program Service Revenue$0
Investment income $20,669
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 $443,178

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