Pendleton County Farmers Fire Insurance Company

Organization Overview

Pendleton County Farmers Fire Insurance Company is located in Falmouth, KY. The organization was established in 1926. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Pendleton County Farmers Fire Insurance Company employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pendleton County Farmers Fire Insurance Company 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, Pendleton County Farmers Fire Insurance Company generated $580.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $665.4k during the year ending 12/2022. While expenses have increased by 4.4% 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

MUTUAL INSURANCE COMPANY

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED 1,106 INSURANCE POLICIES TO MEMBERS IN PENDLETON, BRACKEN, CAMPBELL, HARRISON, GRANT, BOONE, KENTON,FRANKLIN,NICHOLAS GALLATIN,MASON,ROBERTSON,WOLFE,LEE AND FLEMING COUNTIES KENTUCKY.


PROVIDED 1,106 INSURANCE POLICIES TO MEMBERS IN PENDLETON, BRACKEN, CAMPBELL, HARRISON, GRANT, BOONE, KENTON, GALLATAN,MASON,ROBERTSON,WOLFE, LEE AND FLEMING COUNTIES KENTUCKY.


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Board, Officers & Key Employees

Name (title)Compensation
Ron Schwarberg
Director
$23,998
Barry D Moore
Vice Preside
$20,880
Dennis Gosney
Director
$9,720
Wayne Biddle
President
$4,800
Sam Mcclanahan
Director
$4,030
Randy Mudd
Director
$3,700

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$555,766
Investment income $2,503
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $13,427
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 $580,498

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