Overview
What is Walton Co-Op Fire Insurance Co?
Walton Co-Op Fire Insurance Company is a not-for-profit organization, specifically a monoline assessment cooperative, established in Walton, New York. Their primary mission is to extend fire insurance underwriting services to individuals who may find it financially challenging to secure such coverage through conventional providers. Operating with the sole purpose of serving Delaware County, New York, the company is licensed to conduct its activities within this area, aiming to make fire insurance more accessible to its local community.
Is Walton Co-Op Fire Insurance Co legitimate?
Walton Co-Op Fire Insurance Co is a legitimate nonprofit organization registered as a 501(c)(15) entity. Walton Co-Op Fire Insurance Co 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: $39,350
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Walton Co-Op Fire Insurance Co?
Walton Co-Op Fire Insurance Company, as a licensed monoline assessment cooperative, aims to provide fire insurance underwriting to individuals who might find it financially challenging with other companies. Located in New York State, the company is primarily focused on serving Delaware County. Its mission is to extend this essential service, enabling more people to secure fire insurance coverage. The cooperative operates as an assessment co-operative, ensuring that it can fulfill its mission of making fire insurance more accessible.
Who is the CEO of Walton Co-Op Fire Insurance Co?
Brenda M Gladstone is the Principal Officer of Walton Co-Op Fire Insurance Co.
What is the revenue of Walton Co-Op Fire Insurance Co?
Walton Co-Op Fire Insurance Co's revenue in 2022 was $87,408.
Who are the executives of Walton Co-Op Fire Insurance Co and what are their salaries?
The average compensation at Walton Co-Op Fire Insurance Co during 2022 was $19,675. There are 2 employees at Walton Co-Op Fire Insurance Co.
Here are 15 key members and their salaries:
- Compensation: $30,280
- Related: $0
- Other: $0
- Compensation: $2,750
- Related: $0
- Other: $0
- Compensation: $1,690
- Related: $0
- Other: $0
- Compensation: $1,450
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $360
- Compensation: $0
- Related: $0
- Other: $360
- Compensation: $0
- Related: $0
- Other: $330
- Compensation: $0
- Related: $0
- Other: $330
- Compensation: $0
- Related: $0
- Other: $330
- Compensation: $0
- Related: $0
- Other: $330
- Compensation: $0
- Related: $0
- Other: $300
- Compensation: $0
- Related: $0
- Other: $270
- Compensation: $0
- Related: $0
- Other: $240
- Compensation: $0
- Related: $0
- Other: $180
- Compensation: $0
- Related: $0
- Other: $150
Where can I find the form 990 for Walton Co-Op Fire Insurance Co?
Walton Co-Op Fire Insurance Co's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Walton Co-Op Fire Insurance Co
Walton Co-Op Fire Insurance Company, a licensed monoline assessment cooperative, is dedicated to providing fire insurance underwriting services to individuals who may find it challenging to obtain coverage from other companies due to affordability issues. Situated in New York State, the cooperative is authorized to operate solely in Delaware County. Its mission is to make fire insurance more accessible to this specific group of people, thereby extending protection against potential fire damage. The organization's programs focus on this particular service, aiming to bridge the gap in fire insurance coverage for eligible individuals.
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Impact
October, 2024
Walton Co-Op Fire Insurance Co plays a vital role in providing accessible fire insurance to individuals in Delaware County, New York, particularly for those who may face challenges in affording coverage through traditional insurance companies. By focusing exclusively on fire insurance underwriting, the organization addresses a specific need within the community, ensuring that individuals and families have the protection they require for their homes and belongings.
The company operates as a licensed monoline assessment co-operative, which allows it to offer tailored solutions to local residents. Its presence in Walton, NY, not only supports the local economy but also fosters a sense of mutual benefit among community members by pooling resources to provide necessary insurance services. This cooperative approach enables those who might otherwise be uninsured or underinsured to gain essential coverage, impacting the safety and financial stability of the community as a whole. By fulfilling this critical niche in the market, Walton Co-Op Fire Insurance Co contributes significantly to the well-being of Delaware County residents.
This information is meant to be a general summary of Walton Co-Op Fire Insurance Co. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,009
- Program Service Revenue: $79,399
- Gross Receipts: $418,266
Assets and Liabilities:
- Total Assets: $712,391
- Total Liabilities: $69,622
- Net Assets: $642,769
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Assessment
Revenue
$79,359
Service Charges
Revenue
$40
Organization Details
Founding Year
1888
Phone
(607) 865-7181Principal Officer
Brenda M Gladstone
Main Address
PO Box 283, Walton, NY, 13856
NTEE Category
Code: Y20 - Mutual benefit
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