Farmers Fire Ins Co Of Morgan County

Organization Overview

Farmers Fire Ins Co Of Morgan County is located in Madison, GA. The organization was established in 1945. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Farmers Fire Ins Co Of Morgan County employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmers Fire Ins Co Of Morgan 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 12/2021, Farmers Fire Ins Co Of Morgan County generated $32.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $37.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. 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 MISSION OF THE FARMERS FIRE INSURANCE OF MORGAN CO. IS TO PROVIDE LOW COST INSURANCE TO APPROXIMATELY 80 FARMERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MISSION OF THE FARMERS FIRE INSURANCE CO. OF MORGAN COUNTY IS TO PROVIDE LOW COST INSURANCE TO APPROXIMATELY 90 FARMERS.


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Board, Officers & Key Employees

Name (title)Compensation
Alan Verner
Vice President
$0
Michael Nabors
President
$0
Shane Seabolt
Secretary
$0
Rusty Bullard
Director
$0
Jackie Copelan
Director
$0
Paul Kelly
Director
$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$27,499
Investment income $4,551
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 $32,050

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