Overview
What is Bartholomew County German Mutual Insurance Company?
Bartholomew County German Mutual Insurance Company is a farm mutual insurance company situated in Edinburgh, Indiana. Serving members primarily from Bartholomew County and its surrounding areas, the company's mission is to insure its members against various hazards permitted by the Farm Mutual Law, and distribute losses that occur despite reasonable precautions. In 2021, the company paid out 14 insurance claims totaling $66,469. With a small workforce of just two employees, Bartholomew County German Mutual Insurance Company offers its members financial protection in the event of covered losses.
Is Bartholomew County German Mutual Insurance Company legitimate?
Bartholomew County German Mutual Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. Bartholomew County German Mutual Insurance Company 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: $15,328
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Bartholomew County German Mutual Insurance Company?
The Bartholomew County German Mutual Insurance Company, as per its by-laws, exists with the purpose of insuring its members against various risks permitted under the Farm Mutual Law. The company operates on a mutual plan, distributing losses that occur despite reasonable precautions. One of the benefits provided to members includes the payment of insurance claims for covered losses. In 2021, the company paid out 14 claims, amounting to $66,469. In essence, the company's mission is to protect and support its members financially in the face of unforeseen agricultural losses.
Who is the CEO of Bartholomew County German Mutual Insurance Company?
Ray A Burbrink is the Member of Bartholomew County German Mutual Insurance Company.
What is the revenue of Bartholomew County German Mutual Insurance Company?
Bartholomew County German Mutual Insurance Company's revenue in 2021 was $618,161.
Who are the executives of Bartholomew County German Mutual Insurance Company and what are their salaries?
The average compensation at Bartholomew County German Mutual Insurance Company during 2021 was $7,664. There are 2 employees at Bartholomew County German Mutual Insurance Company.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $350
- Compensation: $0
- Related: $0
- Other: $300
- Compensation: $0
- Related: $0
- Other: $300
- Compensation: $0
- Related: $0
- Other: $300
- Compensation: $0
- Related: $0
- Other: $550
- Compensation: $0
- Related: $0
- Other: $300
- Compensation: $5,540
- Related: $0
- Other: $300
Where can I find the form 990 for Bartholomew County German Mutual Insurance Company?
Bartholomew County German Mutual Insurance Company's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Bartholomew County German Mutual Insurance Company
Bartholomew County German Mutual Insurance Company, as per its by-laws, exists with a purpose to insure its members against various hazards permitted under the Farm Mutual Law. This company operates on a mutual plan, implying that the losses incurred by its members are shared and compensated among them. In simpler terms, the organization is dedicated to providing farm mutual insurance services to its members, protecting them against potential losses due to unforeseen circumstances, and distributing the resulting damages as per the mutual agreement. In 2021, the company paid out 14 insurance claims totalling $66,469, demonstrating its commitment to fulfilling its mission.
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Impact
October, 2024
Bartholomew County German Mutual Insurance Company significantly impacts its community by providing essential insurance coverage to its members in Bartholomew and surrounding counties in Indiana. By offering protection against various hazards, the company helps its members mitigate financial losses from unforeseen events. In 2021, the company paid out 14 claims totaling $66,469, demonstrating its commitment to supporting its members during challenging times. This financial assistance not only aids individuals but also fosters stability within the community, allowing members to recover and maintain their livelihoods. The mutual benefit model promotes a sense of solidarity among members, ensuring that they collectively bear the risks and share in the responsibility of supporting one another.
This information is meant to be a general summary of Bartholomew County German Mutual Insurance Company. 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 2021.
- Investment Income: $89,313
- Program Service Revenue: $522,481
- Gross Receipts: $618,161
Assets and Liabilities:
- Total Assets: $2,747,542
- Total Liabilities: $303,141
- Net Assets: $2,444,401
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS
Revenue
$520,760
REINSURANCE RECOVERED
Revenue
$1,721
Organization Details
Founding Year
1894
Phone
(812) 526-7726Principal Officer
Ray A Burbrink
Main Address
PO BOX 156, EDINBURGH, IN, 46124
NTEE Category
Code: Y20 - Mutual benefit
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