Mutual Protective Association Of West Virginia is located in Moorefield, WV. The organization was established in 1944. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Mutual Protective Association Of West Virginia employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mutual Protective Association Of West Virginia 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, Mutual Protective Association Of West Virginia generated $478.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $462.7k during the year ending 12/2021. While expenses have increased by 5.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PROPERTY AND CASUALTY INSURANCE TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PROPERTY AND CASUALTY INSURANCE TO MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Art Meadows Director | Trustee | 20 | $57,985 |
Donald J Baker Jr President | OfficerTrustee | 4 | $5,000 |
James M Cookman Vice-President | OfficerTrustee | 0.5 | $5,000 |
Keith E Potter Director | Trustee | 0.5 | $5,000 |
Donna Alexander Director | Trustee | 0.5 | $5,000 |
Carole H Hartman Secretarytreasurer | OfficerTrustee | 0.5 | $4,500 |
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 | $382,920 |
Investment income | $91,998 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,517 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $477,980 |
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. | $59,952 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $36,045 |
Pension plan accruals and contributions | $2,879 |
Other employee benefits | $11,125 |
Payroll taxes | $7,341 |
Fees for services: Management | $73,209 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $6,920 |
Advertising and promotion | $1,272 |
Office expenses | $4,263 |
Information technology | $13,144 |
Royalties | $0 |
Occupancy | $6,060 |
Travel | $767 |
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 | $4,265 |
Insurance | $8,890 |
All other expenses | $90,318 |
Total functional expenses | $462,710 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $74,928 |
Savings and temporary cash investments | $230,666 |
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 | $1,292 |
Net Land, buildings, and equipment | $115,284 |
Investments—publicly traded securities | $2,343,584 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $13,169 |
Total assets | $2,778,923 |
Accounts payable and accrued expenses | $3,814 |
Grants payable | $0 |
Deferred revenue | $8,624 |
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 | $240,430 |
Total liabilities | $252,868 |
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 | $2,526,055 |
Total liabilities and net assets/fund balances | $2,778,923 |
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