Overview
What is Widner Mutual Fire Ins Assn?
Widner Mutual Fire Ins Assn is a 501(C)(15) mutual insurance company situated in Freelandville, Indiana. Established with the purpose of offering more affordable fire and wind insurance coverage to the community, the organization serves its local residents effectively. With a team of five dedicated individuals, Widner Mutual Fire Ins Assn provides essential insurance services to its members, ensuring financial protection against potential losses due to fire or wind damage.
Is Widner Mutual Fire Ins Assn legitimate?
Widner Mutual Fire Ins Assn is a legitimate nonprofit organization registered as a 501(c)(15) entity. Widner Mutual Fire Ins Assn 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: $44,246
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,212
For more financial information, click here
What is the mission statement of Widner Mutual Fire Ins Assn?
Widner Mutual Fire Ins Assn is a mutual insurance company, operating under the 501(C)(15) classification. Its primary mission is to offer affordable fire and wind insurance coverage to the community. This non-profit organization is committed to providing financial protection against potential losses due to these natural calamities, thereby ensuring peace of mind for its members. By offering lower-cost insurance, it aims to contribute positively to the financial well-being of its community.
Who is the CEO of Widner Mutual Fire Ins Assn?
William Albrecht is the Director of Widner Mutual Fire Ins Assn.
What is the revenue of Widner Mutual Fire Ins Assn?
Widner Mutual Fire Ins Assn's revenue in 2022 was $447,315.
Who are the executives of Widner Mutual Fire Ins Assn and what are their salaries?
The average compensation at Widner Mutual Fire Ins Assn during 2022 was $11,492. There are 5 employees at Widner Mutual Fire Ins Assn.
Here are 10 key members and their salaries:
- Compensation: $450
- Related: $0
- Other: $0
- Compensation: $225
- Related: $0
- Other: $0
- Compensation: $450
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $150
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $450
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $39,296
- Related: $0
- Other: $0
- Compensation: $225
- Related: $0
- Other: $0
Where can I find the form 990 for Widner Mutual Fire Ins Assn?
Widner Mutual Fire Ins Assn's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Widner Mutual Fire Ins Assn
Widner Mutual Fire Ins Assn, as a 501(C)(15) mutual insurance company, is dedicated to providing lower cost fire and wind insurance coverage to the community. This nonprofit organization's mission is centered around offering financial protection and peace of mind to its members, ensuring that they are safeguarded against potential losses due to fire or wind damage. By operating as a mutual insurance company, Widner Mutual Fire Ins Assn allows its members to have a say in its operations, creating a sense of community and collective responsibility. The organization's mission is to serve its members effectively, providing affordable and reliable insurance coverage that contributes to their overall well-being.
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Impact
October, 2024
Widner Mutual Fire Ins Assn provides a crucial service by offering lower-cost fire and wind insurance coverage to the community of Freelandville, Indiana. This initiative enhances the financial security of local residents and businesses, contributing to a greater sense of safety and stability in the area. By helping its members mitigate the risks associated with natural disasters, the association fosters community resilience and promotes economic well-being. The impact extends beyond individual policyholders; it supports the overall health of the local economy by enabling more individuals and families to secure their properties against potential losses. Moreover, the mutual insurance model encourages collaboration and community engagement, reinforcing social ties within Freelandville.
This information is meant to be a general summary of Widner Mutual Fire Ins Assn. 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: $166,024
- Program Service Revenue: $281,291
- Gross Receipts: $664,741
Assets and Liabilities:
- Total Assets: $3,961,395
- Total Liabilities: $133,481
- Net Assets: $3,827,914
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE PREMIUMS
Revenue
$277,772
GRINNEL CONTINGENCY RE
Revenue
$2,261
Organization Details
Founding Year
1983
Phone
(812) 328-2133Principal Officer
William Albrecht
Main Address
PO BOX 27, FREELANDVILLE, IN, 47535
NTEE Category
Code: Y20 - Mutual benefit
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