Farmers Mutual Insurance Association

Organization Overview

Farmers Mutual Insurance Association is located in Bennettsville, SC. The organization was established in 1945. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmers Mutual Insurance Association 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, Farmers Mutual Insurance Association generated $51.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $77.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3

PROVIDING MEMBERS WITH PROPERTY PROTECTION FROM LOSSES


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Board, Officers & Key Employees

Name (title)Compensation
Terry Eades
Director-P/t
$0
Wa Hinson Jr
Director-P/t
$0
Carl Maness
Dir/pres-P/t
$0
Charles M Rogers
Director-P/t
$0
Frank B Rogers III
Dir/vp-P/t
$0
William G Tatum
Director-P/t
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$47,980
Membership dues$0
Investment income $3,351
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$51,331

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