Farmers Mutual Insurance Company of Grundy County
- Assets
- $601.2k
- Revenue
- $404.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Trenton, MO
- Founding
- Data as of
- 12/2016
- EIN
- 44-0242640
Organization Overview
Farmers Mutual Insurance Company of Grundy County is located in Trenton, MO. As of 12/2016, Farmers Mutual Insurance Company of Grundy County employed 6 individuals. Farmers Mutual Insurance Company of Grundy County 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, Farmers Mutual Insurance Company of Grundy County generated $404.8k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $343.6k 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
FIRE AND WIND INSURANCE POLICIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO GRANTS RECEIVED DURING THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Black Secretary And Treasurer | OfficerTrustee | 0 | $64,510 |
Jacob Black President | OfficerTrustee | 0 | $0 |
Don Woodard Director | Trustee | 0 | $0 |
Ld Gibson Director | Trustee | 0 | $0 |
John Mccloud Director | Trustee | 0 | $0 |
Eric Hoffman Director | Trustee | 0 | $0 |
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 | $358,236 |
| Investment income | $43,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,375 |
| 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 | $404,766 |
| 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 | $142,109 |
| Compensation of current officers, directors, key employees. | $64,510 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,918 |
| Pension plan accruals and contributions | $10,791 |
| Other employee benefits | $4,302 |
| Payroll taxes | $4,848 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,953 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,475 |
| Office expenses | $12,844 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,534 |
| Travel | $499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $825 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,583 |
| Insurance | $14,240 |
| All other expenses | $545 |
| Total functional expenses | $343,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,994 |
| Savings and temporary cash investments | $0 |
| 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 | $441 |
| Net Land, buildings, and equipment | $27,929 |
| Investments—publicly traded securities | $386,584 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,258 |
| Total assets | $601,206 |
| Accounts payable and accrued expenses | $7,629 |
| 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 | $162,859 |
| Total liabilities | $170,488 |
| Unrestricted restricted net Assets | $0 |
| 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 | $430,718 |
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