Farmers Mutual Fire & Aid Association Of Kendall & Kerr Coun
- Assets
- $1.2m
- Revenue
- $197.8k
- Investments
- $1.5k
- Employees
- 4
- Location
- Comfort, TX
- Founding
- 08/1943
- Data as of
- 04/2024
- EIN
- 74-1000881
Organization Overview
Farmers Mutual Fire & Aid Association Of Kendall & Kerr Coun is located in Comfort, TX. The organization was established in 1943. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 04/2024, Farmers Mutual Fire & Aid Association Of Kendall & Kerr Coun employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmers Mutual Fire & Aid Association Of Kendall & Kerr Coun is a 501(c)(15) and as such, is described as a "Mutual Insurance Company or Association" by the IRS.
For the year ending 04/2024, Farmers Mutual Fire & Aid Association Of Kendall & Kerr Coun generated $197.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $167.3k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 4 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES REASONABLE PRICED FIRE, THEFT, CONTENT, AND EXTENDED INSURANCE COVERAGE FOR RURAL MEMBERS IN KENDALL AND KERR COUNTIES OF TEXAS. WITHOUT THIS COVERAGE MANY ASSOCIATION MEMBERS MIGHT NOT BE ABLE TO AFFORD ADEQUATE INSURANCE COVERAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES: THE ASSOCIATION PROVIDES TO MEMBERS INSURANCE COVERAGE FOR FIRE, THEFT, CONTENT, AND EXTENDED INSURANCE. THE EXPENSES INCLUDE INDEMNITY EXPENSES AND REINSURANCE POLICY PREMIUMS THAT COVER THE ASSOCIATION LOSSES OVER STATED AMOUNTS ESTABLISHED IN THE CONTRACTS. THE REVENUE INCLUDES PREMIUMS PAID BY ASSOCIATION MEMBERS IN EXCHANGE FOR INSURANCE COVERAGE AND REVENUE CONTRACTS RECEIVED FOR REPORTED LOSSES AS STATED IN THE CONTRACTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janell Billeiter Secretary/treasurer | OfficerTrustee | 6 | $24,000 |
Harry Reeh Asst Secretary/treasurer/adjuster | OfficerTrustee | 1 | $6,000 |
Kevin Billeiter Insurance Agent/adjuster | OfficerTrustee | 2 | $6,000 |
Keith Marquardt President | OfficerTrustee | 1 | $4,200 |
Gary Scheele Director | Trustee | 0 | $0 |
Jack Essar Director | Trustee | 0 | $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 | $158,225 |
| Investment income | $38,867 |
| 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 | $197,818 |
| 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 | $28,223 |
| Compensation of current officers, directors, key employees. | $41,100 |
| Compensation of current officers, directors, key employees. | $29,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,920 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,400 |
| Travel | $74 |
| 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 | $0 |
| Insurance | $3,950 |
| All other expenses | $25 |
| Total functional expenses | $167,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,653 |
| Savings and temporary cash investments | $1,072,564 |
| 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 | $0 |
| Net Land, buildings, and equipment | $224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,159,941 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $110,807 |
| 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 | $0 |
| Total liabilities | $110,807 |
| 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 | $1,049,134 |
| Total liabilities and net assets/fund balances | $1,159,941 |