Central Farmers Mutual Fire Ins Co is located in St Charles, MO. The organization was established in 1943. 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 12/2022, Central Farmers Mutual Fire Ins Co employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Farmers Mutual Fire 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, Central Farmers Mutual Fire Ins Co generated $522.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $424.2k 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
MUTUALLY INSURE MEMBERS AGAINST THE PERILS OF FIRE, LIABILITY AND EXTENDED COVERAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUTUALLY INSURE MEMBERS AGAINST THE PERILS OF FIRE, LIABILITY AND EXTENDED COVERAGE.
MUTUALLY INSURE MEMBERS AGAINST THE PERILS OF FIRE, LIABILITY AND EXTENDED COVERAGE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gina Nelsen Secretary/tr | Officer | 40 | $54,900 |
Lisa Day President | Officer | 2 | $800 |
Aaron Day Director | Trustee | 2 | $800 |
Claude Boschert Vice Preside | Officer | 2 | $700 |
Thomas Parr Director | Trustee | 2 | $700 |
Gerard Orf Director | Trustee | 2 | $600 |
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 | $477,112 |
Investment income | $31,832 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $13,225 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $522,169 |
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. | $59,100 |
Compensation of current officers, directors, key employees. | $5,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,924 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $4,365 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,625 |
Fees for services: Accounting | $5,950 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $6,670 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $9,950 |
Travel | $900 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,135 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $277 |
Insurance | $4,477 |
All other expenses | $21,769 |
Total functional expenses | $424,186 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $349,543 |
Savings and temporary cash investments | $1,171,911 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,109 |
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 | $416 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,740 |
Total assets | $1,530,719 |
Accounts payable and accrued expenses | $15,589 |
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 | $349,446 |
Total liabilities | $365,035 |
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 | $1,165,684 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,530,719 |
Organization Name | Assets | Revenue |
---|---|---|
York County Farmers Mutual Insurance Company York, NE | $1,040,452 | $4,898,000 |
Illinois Fair Plan Association Chicago, IL | $9,317,772 | $3,165,384 |
Sigel Mutual Insurance Co Sigel, IL | $1,478,683 | $588,471 |
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 |
Forest Green Farmers Mutual Insurance Company Salisbury, MO | $2,139,952 | $586,732 |
Mutual Insurance Company Of Saline And Seward Counties Crete, NE | $1,972,418 | $463,258 |
Liberty Fire Benevolent Society Jefferson City, MO | $1,956,881 | $440,864 |
Thompson And Guilford Mutual Insurance Company Scales Mound, IL | $1,339,348 | $554,823 |
Farmers Union Mutual Fire Inc Co Of Bradley County Tennessee Term Cleveland, TN | $2,307,328 | $335,570 |
Stephenson County Mutual Insurance Company Rock City, IL | $1,401,000 | $373,897 |