Overview
What is The Sauers Mutual Insurance Company?
The Sauers Mutual Insurance Company is a nonprofit organization situated in Columbus, Indiana, specifically at 8300 West Spray Road. They primarily operate in four counties of South Central Indiana, providing insurance coverage for their members' farm properties, encompassing grain, hay, livestock, and machinery. In 2022, the company had 142 active insurance policies. Their mission is to safeguard their members' properties against potential losses due to collisions, fires, lightning, theft, or wind. With a workforce of three dedicated individuals, they strive to ensure financial security and peace of mind for their clients within the agricultural sector.
Is The Sauers Mutual Insurance Company legitimate?
The Sauers Mutual Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. The Sauers 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: $51,990
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Sauers Mutual Insurance Company?
The Sauers Mutual Insurance Company's mission is centered around protecting the property of its members. Specifically, it insures them against potential losses or damages due to incidents such as collisions, fires, lightning, theft, or wind. This insurance coverage extends to various types of farm property, including grain, hay, livestock, and machinery. The company operates in four counties in south central Indiana and had 142 insurance policies in force in 2022.
Who is the CEO of The Sauers Mutual Insurance Company?
Michael Shoemaker is the President/Director of The Sauers Mutual Insurance Company.
What is the revenue of The Sauers Mutual Insurance Company?
The Sauers Mutual Insurance Company's revenue in 2022 was $686,394.
Who are the executives of The Sauers Mutual Insurance Company and what are their salaries?
The average compensation at The Sauers Mutual Insurance Company during 2022 was $17,330. There are 3 employees at The Sauers Mutual Insurance Company.
Here are 9 key members and their salaries:
- Compensation: $4,100
- Related: $0
- Other: $0
- Compensation: $4,640
- Related: $0
- Other: $0
- Compensation: $8,600
- Related: $0
- Other: $0
- Compensation: $8,600
- Related: $0
- Other: $0
- Compensation: $4,300
- Related: $0
- Other: $0
- Compensation: $9,600
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,100
- Related: $0
- Other: $0
- Compensation: $4,050
- Related: $0
- Other: $0
Where can I find the form 990 for The Sauers Mutual Insurance Company?
The Sauers Mutual Insurance Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Sauers Mutual Insurance Company
The Sauers Mutual Insurance Company is dedicated to protecting the property of its members. This mission encompasses safeguarding their assets against various potential threats, including collisions, fires, lightning, theft, and wind-related damages. By providing insurance policies, the company aims to minimize the financial impact of these incidents, offering a sense of security to its members. The company's operations span across four counties in south central Indiana, with a focus on insuring the farm properties of its members, including grain, hay, livestock, and machinery. In 2022, The Sauers Mutual Insurance Company had 142 active insurance policies in force, demonstrating its commitment to fulfilling its mission.
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Impact
October, 2024
The Sauers Mutual Insurance Company plays a pivotal role in safeguarding the agricultural livelihoods of its members in south-central Indiana. By providing insurance coverage for essential farm properties such as grain, hay, livestock, and machinery, the company helps mitigate financial risks associated with potential losses from collisions, fire, lightning, theft, or wind damage.
Operating in four counties, the company had 142 insurance policies in force in 2022, reflecting its commitment to serving the local farming community. This protection not only ensures the stability of individual farmers' operations but also contributes to the overall economic health and resilience of the agricultural sector in the region. Through its mission to insulate members from unforeseen damages, The Sauers Mutual Insurance Company fosters mutual benefit and promotes a sense of security among its clients.
This information is meant to be a general summary of The Sauers 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 2022.
- Investment Income: $116,915
- Program Service Revenue: $569,479
- Gross Receipts: $736,409
Assets and Liabilities:
- Total Assets: $2,482,720
- Total Liabilities: $0
- Net Assets: $2,482,720
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REINSURANCE PROCEEDS
Revenue
$408,149
DUES AND ASSESSMENTS
Revenue
$161,330
Organization Details
Founding Year
1909
Phone
(812) 371-9485Principal Officer
Michael Shoemaker
Main Address
8300 WEST SPRAY ROAD, COLUMBUS, IN, 47201
NTEE Category
Code: Y20 - Mutual benefit
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