Liberty Fire Benevolent Society
- Assets
- $2.0m
- Revenue
- $440.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Jefferson City, MO
- Founding
- 12/1989
- Data as of
- 12/2022
- EIN
- 44-0663615
Organization Overview
Liberty Fire Benevolent Society is located in Jefferson City, MO. The organization was established in 1989. 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, Liberty Fire Benevolent Society employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Fire Benevolent Society 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, Liberty Fire Benevolent Society generated $440.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $536.8k 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
LIBERTY FIRE BENEVOLENT SOCIETY IS A MUTUAL INSURANCE COMPANY THAT PROVIDES PROPERTY INSURANCE TO MEMBERS OF THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY INSURANCE HAVING A GROSS INFORCE AMOUNT OF 76,907,711 IS PROVIDED TO MEMBERS. 422 POLICIES ARE IN FORCE AT DECEMBER 31, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Hagner President | OfficerTrustee | 8 | $46,705 |
Rita Kerperin Secretary | OfficerTrustee | 25 | $23,000 |
Tony Forck Treasurer | OfficerTrustee | 3 | $12,000 |
Matt Forck Vice-Preside | OfficerTrustee | 1 | $6,705 |
Michael Forck Director - D | Trustee | 0 | $4,000 |
James Thessen Director | Trustee | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $430,551 |
| 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 | $430,551 |
| Total Program Service Revenue | $0 |
| Investment income | $10,313 |
| 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 | $440,864 |
| 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. | $93,410 |
| Compensation of current officers, directors, key employees. | $23,352 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,465 |
| 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 | $4,579 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,025 |
| Travel | $3,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $926 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,829 |
| All other expenses | $2,789 |
| Total functional expenses | $536,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,952,521 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,360 |
| Total assets | $1,956,881 |
| Accounts payable and accrued expenses | $4,718 |
| 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 | $4,718 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,952,163 |
| Total liabilities and net assets/fund balances | $1,956,881 |
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Forest Green Farmers Mutual Insurance Company Salisbury, MO | $2,139,952 | $586,732 |
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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 |