Lewis County Mutual Insurance Co
- Assets
- $3.4m
- Revenue
- $550.1k
- Investments
- $278.2k
- Employees
- 5
- Location
- Lewistown, MO
- Founding
- 04/2009
- Data as of
- 12/2016
- EIN
- 43-0297125
Organization Overview
Lewis County Mutual Insurance Co is located in Lewistown, MO. The organization was established in 2009. 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 12/2016, Lewis County Mutual Insurance Co employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lewis County Mutual Insurance 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 12/2016, Lewis County Mutual Insurance Co generated $550.1k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $456.4k during the year ending 12/2016. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
PURSUANT TO IRS NOTICE 2006-42, LEWIS COUNTY MUTUAL INSURANCE COMPANY IS EXEMPT FROM FEDERAL INCOME TAX AS A 501(C)(15) ORGANIZATION. THE COMPANY'S TOTAL GROSS RECEIPTS DO NOT EXCEED $600,000 AND MORE THAN 50% OF THOSE GROSS RECEIPTS CONSIST OF PREMIUMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUTUAL INSURANCE COMPANY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall D Sharpe President | OfficerTrustee | 20 | $8,467 |
Brenda L Sharpe Secretary/treasurer | OfficerTrustee | 40 | $36,675 |
Jack Crist Vice President | OfficerTrustee | 5 | $1,250 |
Troy Seals Director | Trustee | 5 | $1,250 |
Henry Scifres Director | Trustee | 5 | $1,250 |
Dennis Winship Director | Trustee | 10 | $6,450 |
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 | $453,269 |
| Investment income | $62,232 |
| 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 | $550,134 |
| 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. | $42,642 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,826 |
| Payroll taxes | $6,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,957 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,826 |
| Office expenses | $3,454 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,350 |
| Travel | $2,556 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $9,062 |
| Insurance | $5,614 |
| All other expenses | $40,696 |
| Total functional expenses | $456,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,239 |
| Savings and temporary cash investments | $2,808,240 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,962 |
| 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 | $204,948 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $278,223 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,439,612 |
| Accounts payable and accrued expenses | $5,617 |
| 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 | $126,784 |
| Total liabilities | $132,401 |
| Unrestricted restricted net Assets | $3,307,211 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $3,307,211 |