Farmers Mutual Rescue Insurance Of Lagrange

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

EIN: 351081842 ✦ Lagrange, IN ✦ Designated as a 501(c)(15)

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Overview

What is Farmers Mutual Rescue Insurance Of Lagrange?

Farmers Mutual Rescue Insurance of Lagrange is a modest nonprofit organization situated in Lagrange, Indiana. With a single employee, they specialize in providing insurance policies to the residents of Lagrange County and its surrounding areas. Operating as a mutual insurance company, they strive to meet the insurance needs of their community, ensuring financial security and peace of mind for its members.

Is Farmers Mutual Rescue Insurance Of Lagrange legitimate?

Farmers Mutual Rescue Insurance Of Lagrange is a legitimate nonprofit organization registered as a 501(c)(15) entity. Farmers Mutual Rescue Insurance Of Lagrange 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,000

For more financial information, click here

What is the mission statement of Farmers Mutual Rescue Insurance Of Lagrange?

The mission of Farmers Mutual Rescue Insurance, as stated, is to offer insurance services to a specific region, which includes Lagrange County, Indiana, and its surrounding areas, through a mutual insurance company. This company is committed to providing insurance policies to its members, with the associated expenses being a part of its operations. The mission does not specify any additional goals or objectives beyond this core service, focusing primarily on insurance provision.

Who is the CEO of Farmers Mutual Rescue Insurance Of Lagrange?

Ronald Hostetler is the Treasurer of Farmers Mutual Rescue Insurance Of Lagrange.

What is the revenue of Farmers Mutual Rescue Insurance Of Lagrange?

Farmers Mutual Rescue Insurance Of Lagrange's revenue in 2022 was $282,855.

Who are the executives of Farmers Mutual Rescue Insurance Of Lagrange and what are their salaries?

The average compensation at Farmers Mutual Rescue Insurance Of Lagrange during 2022 was $19,000. There is 1 employee at Farmers Mutual Rescue Insurance Of Lagrange.


Here are 6 key members and their salaries:


Ronald Hostetler (Treasurer)
  • Compensation: $21,500
  • Related: $0
  • Other: $0
Richard Long (President)
  • Compensation: $12,283
  • Related: $0
  • Other: $0
David Young (Director)
  • Compensation: $5,000
  • Related: $0
  • Other: $0
Steve Christner (Director)
  • Compensation: $2,500
  • Related: $0
  • Other: $0
Mark Thompson (Director)
  • Compensation: $2,500
  • Related: $0
  • Other: $0
Jordan Younce (Director)
  • Compensation: $1,000
  • Related: $0
  • Other: $0
Where can I find the form 990 for Farmers Mutual Rescue Insurance Of Lagrange?

Farmers Mutual Rescue Insurance Of Lagrange's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Farmers Mutual Rescue Insurance Of Lagrange

Farmers Mutual Rescue Insurance Of Lagrange is dedicated to providing insurance coverage to the residents of Lagrange County, Indiana, and its surrounding areas, operating as a mutual insurance company. This nonprofit organization's mission is to offer insurance policies to its members, ensuring financial protection and peace of mind in the face of unforeseen circumstances. Through its operations, the company incurs various expenses to facilitate the provision of these insurance policies.

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Impact




October, 2024

Farmers Mutual Rescue Insurance of Lagrange plays a crucial role in providing insurance coverage to residents of Lagrange County, Indiana, and its surrounding areas. By operating as a mutual insurance company, it focuses on the collective needs of its members, ensuring that they have access to essential insurance policies. This service is particularly valuable in enhancing the financial security of individuals and families within the community.

Furthermore, the organization's mission fosters a sense of solidarity among members, as they collectively share risks and benefits. This mutual benefit model not only contributes to the stability of the local economy but also promotes community resilience, enabling residents to recover more efficiently from unforeseen events. By focusing on the specific needs of its members, Farmers Mutual Rescue Insurance of Lagrange significantly impacts the overall safety and well-being of the community it serves.




This information is meant to be a general summary of Farmers Mutual Rescue Insurance Of Lagrange. 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
$282,855 (2022)
Expenses
$246,274 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $52,526
  • Program Service Revenue: $230,329
  • Gross Receipts: $283,419

Assets and Liabilities:

  • Total Assets: $3,241,493
  • Total Liabilities: $264,355
  • Net Assets: $2,977,138

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES & PREMIUMS

Revenue

$229,968

MISCELLANEOUS INCOME

Revenue

$361

Organization Details

Founding Year

1878

Principal Officer

Ronald Hostetler

Main Address

PO BOX 256, LAGRANGE, IN, 46761

NTEE Category

Code: Y20 - Mutual benefit

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