Nez Perce Farmers County Mutual Fire Ins Co
- Assets
- $354.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kendrick, ID
- Founding
- 09/1945
- Data as of
- 12/2021
- EIN
- 82-0191555
Organization Overview
Nez Perce Farmers County Mutual Fire Ins Co is located in Kendrick, ID. 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. Nez Perce Farmers County Mutual Fire Ins Co 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, Nez Perce Farmers County Mutual Fire Ins Co generated $163.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $143.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DURING THE YEAR, NEZ PERCE FARMERS COUNTY MUTUAL FIRE INSURANCE COMPANY WROTE AND RENEWED $22,698,761 IN INSURANCE POLICIES FOR ITS MEMBERS AND PAID OUT NET LOSS CLAIMS IN THE AMOUNT OF $19,000 TO 1 MEMBER. AT YEAR END, THE ORGANIZATION HAD $23,267,411 OF POLICIES IN FORCE TO BENEFIT ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina H Koschsmeier Treasurer | 30 | $33,164 | |
Lawrence H Wemhoff Vice President | 5 | $2,809 | |
Dennis D Burgess President | 4 | $1,756 | |
Norma D Wemhoff Director | 0.25 | $773 | |
Yvonne J White Director | 0.25 | $767 | |
Cornelia M Burgess Director | 0.25 | $530 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $142,029 |
| Investment income | $1,934 |
| Gain or Loss | $19,000 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $162,963 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,167 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $8,816 |
| Printing, publications, postage, and shipping | $704 |
| Other expenses | $85,408 |
| Total expenses | $143,095 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $354,081 |
| Other assets | $0 |
| Total assets | $354,081 |
| Total liabilities | $59,546 |
| Net assets or fund balances | $294,535 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Sky Farm Mutual Insurance Company Bozeman, MT | $3,055,802 | $474,632 |
Fraternal Beneficial Association Of Eastern Washington And Idaho Fairfield, WA | $3,536,107 | $84,788 |
Nez Perce Farmers County Mutual Fire Ins Co Kendrick, ID | $354,081 | $0 |
Richland Farm Mutual Insurance Company Sidney, MT | $416,371 | $582 |
Royal Stewart Water Company Roosevelt, UT | $0 | $0 |