North Yarmouth Cumberland Mutual

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010240874 ✦ Portland, ME ✦ Designated as a 501(c)(15)

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Overview

What is North Yarmouth Cumberland Mutual?

North Yarmouth Cumberland Mutual is an insurance provider based in Portland, Maine. Its primary focus is on offering fire and lightning insurance coverage, ensuring protection and peace of mind for its clients. The organization operates with a mission to provide top-notch services in this specialized field, thus expanding its reach beyond just insurance provision. North Yarmouth Cumberland Mutual stands out as a reliable partner for individuals and businesses in need of such protection.

Is North Yarmouth Cumberland Mutual legitimate?

North Yarmouth Cumberland Mutual is a legitimate nonprofit organization registered as a 501(c)(15) entity. North Yarmouth Cumberland Mutual submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $3,475
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of North Yarmouth Cumberland Mutual?

North Yarmouth Cumberland Mutual is dedicated to offering fire and lightning insurance coverage as part of its services. The organization operates primarily as an insurance provider, providing protection against these natural calamities. While the company's mission statement is not explicitly stated, its main activity suggests a commitment to safeguarding individuals and properties from potential losses due to fire and lightning incidents.

Who is the CEO of North Yarmouth Cumberland Mutual?

Debra Barter is the Director of North Yarmouth Cumberland Mutual.

What is the revenue of North Yarmouth Cumberland Mutual?

North Yarmouth Cumberland Mutual's revenue in 2022 was -$7,195.

Who are the executives of North Yarmouth Cumberland Mutual and what are their salaries?

The average compensation at North Yarmouth Cumberland Mutual during 2022 was $3,475. There is 1 employee at North Yarmouth Cumberland Mutual.


Here are 7 key members and their salaries:


George Goodall (Director)
  • Compensation: $500
  • Related: $0
  • Other: $0
Lincoln Merrill Jr (Director)
  • Compensation: $375
  • Related: $0
  • Other: $0
Duane Snow (Director)
  • Compensation: $375
  • Related: $0
  • Other: $0
Jeffrey Steinman (President)
  • Compensation: $1,100
  • Related: $0
  • Other: $0
Leo Ferland (Director)
  • Compensation: $500
  • Related: $0
  • Other: $0
Marcena Phillips (Director)
  • Compensation: $250
  • Related: $0
  • Other: $0
William Stiles (Vice President)
  • Compensation: $375
  • Related: $0
  • Other: $0
Where can I find the form 990 for North Yarmouth Cumberland Mutual?

North Yarmouth Cumberland Mutual's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of North Yarmouth Cumberland Mutual

North Yarmouth Cumberland Mutual, as a nonprofit organization, is dedicated to providing fire and lightning insurance coverage. Their mission is to offer protection and peace of mind to individuals and families by providing reliable insurance services against these potential hazards. By operating as insurance providers, they offer related services that cater to their clients' needs in this specific area.

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Impact




October, 2024

North Yarmouth Cumberland Mutual plays a vital role in the community by providing essential fire and lightning insurance coverage. By offering these specialized insurance services, they help protect individuals and property owners from significant financial losses due to fire or lightning incidents. Their operations not only provide peace of mind to policyholders, but also contribute to the overall safety and resilience of the community in Portland, ME. The presence of such a dedicated insurance provider fosters a sense of security, encouraging investment and development within the area. Their commitment to mutual benefit ensures that the needs of the community are prioritized, making them an integral part of the local infrastructure.




This information is meant to be a general summary of North Yarmouth Cumberland Mutual. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
-$7,195 (2022)
Expenses
$39,322 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$16,960
  • Gross Receipts: $916,184

Assets and Liabilities:

  • Total Assets: $875,951
  • Total Liabilities: $7,375
  • Net Assets: $868,576

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Organization Details

Founding Year

1965

Principal Officer

Debra Barter

Main Address

1250 Congress Street, Portland, ME, 04102

NTEE Category

Code: Y20 - Mutual benefit

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