Stephenson County Mutual Insurance

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

EIN: 361694846 ✦ Rock city, IL ✦ Designated as a 501(c)(15)

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Overview

What is Stephenson County Mutual Insurance?

Stephenson County Mutual Insurance is a mutual insurance company situated in Rock City, Illinois. Its primary mission is to offer fire and wind insurance coverage to its clients, ensuring them reliable protection. This organization has a special focus on catering to the needs of farmers. As a mutual insurance company, it operates with the goal of serving its customers directly, thereby fostering a sense of community and shared responsibility.

Is Stephenson County Mutual Insurance legitimate?

Stephenson County Mutual Insurance is a legitimate nonprofit organization registered as a 501(c)(15) entity. Stephenson County Mutual Insurance 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: $113,136
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,408

For more financial information, click here

What is the mission statement of Stephenson County Mutual Insurance?

Stephenson County Mutual Insurance is dedicated to providing fire and wind insurance coverage. Operating as a mutual insurance company, its primary goal is to ensure its customers receive reliable protection. The company focuses on serving the needs of its clientele, primarily farmers. While the location of Stephenson County Mutual Insurance is not specified in the information provided, it is based in Rock City, Illinois.

Who is the CEO of Stephenson County Mutual Insurance?

David Graybill is the Secretary/Tr of Stephenson County Mutual Insurance.

What is the revenue of Stephenson County Mutual Insurance?

Stephenson County Mutual Insurance's revenue in 2022 was $372,380.

Who are the executives of Stephenson County Mutual Insurance and what are their salaries?

The average compensation at Stephenson County Mutual Insurance during 2022 was $70,272. There are 2 employees at Stephenson County Mutual Insurance.


Here are 9 key members and their salaries:


David Graybill (Secretary/Tr)
  • Compensation: $90,963
  • Related: $0
  • Other: $0
David Goeke (Director)
  • Compensation: $20,598
  • Related: $0
  • Other: $0
Tom Bicksler (Vice Preside)
  • Compensation: $300
  • Related: $0
  • Other: $0
John Jeschke (President)
  • Compensation: $300
  • Related: $0
  • Other: $0
Kevin Ludeking (Director)
  • Compensation: $225
  • Related: $0
  • Other: $0
Dennis Meinert (Director)
  • Compensation: $225
  • Related: $0
  • Other: $0
George Suess (Director)
  • Compensation: $225
  • Related: $0
  • Other: $0
Merle Shoemaker (Director)
  • Compensation: $150
  • Related: $0
  • Other: $0
Valerie Weber (Director)
  • Compensation: $150
  • Related: $0
  • Other: $0
Where can I find the form 990 for Stephenson County Mutual Insurance?

Stephenson County Mutual Insurance's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Stephenson County Mutual Insurance

Stephenson County Mutual Insurance, as a mutual insurance company, is dedicated to its mission of offering dependable fire and wind insurance coverage. This mission is geared towards providing its customer base with reliable protection and peace of mind. The company's primary focus lies in serving the needs of farmers, demonstrating its commitment to rural communities and agricultural industries. By operating as a mutual insurance company, Stephenson County Mutual Insurance is able to prioritize the interests of its customers, ensuring that their insurance needs are met in a responsible and reliable manner.

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Impact




October, 2024

Stephenson County Mutual Insurance plays a vital role in providing reliable fire and wind insurance coverage, particularly tailored to the needs of farmers in the Rock City, IL area. By focusing on the agricultural community, it ensures that local farmers have access to the necessary protection against potential losses caused by natural disasters, helping to safeguard their livelihoods and sustain the agricultural economy. This commitment fosters a sense of security among policyholders, enabling them to invest confidently in their operations. The mutual insurance model emphasizes collaboration among policyholders, offering benefits that align with their collective interests and reinforcing community ties. Through its dedicated service, Stephenson County Mutual Insurance contributes significantly to the financial stability and resilience of the farming community it serves.




This information is meant to be a general summary of Stephenson County Mutual Insurance. 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
$372,380 (2022)
Expenses
$448,187 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $20,467
  • Program Service Revenue: $345,594
  • Gross Receipts: $372,380

Assets and Liabilities:

  • Total Assets: $1,324,184
  • Total Liabilities: -$1,518
  • Net Assets: $1,325,702

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Programs

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

ASSESSMENTS - FIRE

Revenue

$233,508

ASSESSMENTS - WIND

Revenue

$112,086

Organization Details

Principal Officer

David Graybill

Main Address

108 N MAIN STREET, ROCK CITY, IL, 61070

NTEE Category

Code: Y20 - Mutual benefit

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