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.
Form
990
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
G Blair Gleason Director | Trustee | 40 | $56,920 |
Alvin Faber Director | Trustee | 1 | $1,250 |
James Decker Director | Trustee | 1 | $900 |
Charles Knepper Director | Trustee | 1 | $900 |
Ryan Sperfslage Director | Trustee | 1 | $900 |
Jamie Goedken Secretary/tr | OfficerTrustee | $0 |
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 |
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. | $60,870 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $32,542 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $7,114 |
Fees for services: Management | $6,199 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $152,288 |
Advertising and promotion | $4,975 |
Office expenses | $3,610 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $7,176 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $118,675 |
Depreciation, depletion, and amortization | $0 |
Insurance | $13,385 |
All other expenses | $3,848 |
Total functional expenses | $433,380 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $67,751 |
Savings and temporary cash investments | $850,000 |
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 | $2,350 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $920,101 |
Accounts payable and accrued expenses | $787 |
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 | $0 |
Total liabilities | $787 |
Net assets without donor restrictions | $919,314 |
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 | $0 |
Total liabilities and net assets/fund balances | $920,101 |
Organization Name | Assets | Revenue |
---|---|---|
Wisconsin Compensation Rating Bureau As Trustees For Claimants Waukesha, WI | $302,790,843 | $83,757,741 |
York County Farmers Mutual Insurance Company York, NE | $1,040,452 | $4,898,000 |
South Washington County Schools Hra Trust Cottage Grove, MN | $15,384,332 | $5,491,152 |
Illinois Fair Plan Association Chicago, IL | $9,317,772 | $3,165,384 |
Captive Insurance Companies Association Inc St Louis Park, MN | $1,768,950 | $1,288,661 |
Wisconsin Assoc Of Mutual Insurance Companies Deforest, WI | $455,411 | $632,080 |
Sigel Mutual Insurance Co Sigel, IL | $1,478,683 | $588,471 |
Sumter Mutual Insurance Company Silver Lake, MN | $3,106,745 | $594,410 |
Bohemian Farmers Mutual Insurance Co Of Bon Homme County S Dak Tabor, SD | $1,203,119 | $567,635 |
Martinsburg Mutual Insurance Co Martinsburg, MO | $1,475,708 | $577,216 |
Physicians Mutual Insurance Company Foundation Omaha, NE | $5,431,520 | $2,485,558 |
Polk & Butler Mutual Insurance Company Osceola, NE | $1,028,868 | $493,578 |