Floyd County Mutual Fire Ins Co Inc

Organization Overview

Floyd County Mutual Fire Ins Co Inc is located in Floyd, VA. 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 12/2021, Floyd County Mutual Fire Ins Co Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Floyd County Mutual Fire Ins Co Inc is a 501(c)(15) and as such, is described as a "Mutual Insurance Company or Association" by the IRS.

For the year ending 12/2021, Floyd County Mutual Fire Ins Co Inc generated $158.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $114.5k during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE COMPANY IS A MUTUAL ASSESSMENT PROPERTY AND CASUALTY INSURER LICENSED PURSUANT TO CHAPTER 25 OF TITLE 38.2 OF THE CODE OF VIRGINIA

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALL SERVICES ACCOMPLISHED


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Board, Officers & Key Employees

Name (title)Compensation
S G Bolt
President
$0
Reece Mcpeak Jr
Vice President
$0
Lelan R Cockram
Agent
$0
Curtis Ray Allen
Director
$0
Lester D Belcher
Agent
$0
Winston R Poff
Agent
$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$110,839
Investment income $44,678
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $3,000
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 $158,517

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