Overview
What is Louisville Clay Cty Farmers Mutual?
Louisville Clay County Farmers Mutual is a small, three-employee organization located in Louisville, Illinois. As a mutual insurance company, they are authorized by the Illinois Department of Professional Regulation to provide fire and wind coverage in the surrounding counties. Their primary mission revolves around protecting homes and properties in these areas from natural disasters, acting in compliance with the regulations set forth by the aforementioned department.
Is Louisville Clay Cty Farmers Mutual legitimate?
Louisville Clay Cty Farmers Mutual is a legitimate nonprofit organization registered as a 501(c)(15) entity. Louisville Clay Cty Farmers Mutual 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: $41,062
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,976
For more financial information, click here
What is the mission statement of Louisville Clay Cty Farmers Mutual?
Louisville Clay Cty Farmers Mutual, as a mutual insurance company, is tasked with providing fire and wind coverage in the surrounding counties, in accordance with the guidelines set by the Illinois Department of Professional Regulation. The company's primary activity is centered around offering this specific type of insurance coverage to its clients within the authorized areas. The Illinois Department of Professional Regulation plays a crucial role in determining the counties where the company can offer its services. The mission of Louisville Clay Cty Farmers Mutual is to provide reliable and necessary insurance protection, adhering to the regulations set by the regulatory body.
Who is the CEO of Louisville Clay Cty Farmers Mutual?
Pat Quinn is the President of Louisville Clay Cty Farmers Mutual.
What is the revenue of Louisville Clay Cty Farmers Mutual?
Louisville Clay Cty Farmers Mutual's revenue in 2021 was $563,759.
Who are the executives of Louisville Clay Cty Farmers Mutual and what are their salaries?
The average compensation at Louisville Clay Cty Farmers Mutual during 2021 was $14,346. There are 3 employees at Louisville Clay Cty Farmers Mutual.
Here are 9 key members and their salaries:
- Compensation: $43,969
- Related: $0
- Other: $0
- Compensation: $11,363
- Related: $0
- Other: $0
- Compensation: $7,574
- Related: $0
- Other: $0
- Compensation: $7,102
- Related: $0
- Other: $0
- Compensation: $6,517
- Related: $0
- Other: $0
- Compensation: $2,864
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Louisville Clay Cty Farmers Mutual?
Louisville Clay Cty Farmers Mutual's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Louisville Clay Cty Farmers Mutual
Louisville Clay County Farmers Mutual is a mutual insurance company that adheres to a specific mission as prescribed by the Illinois Department of Professional Regulation. This mission revolves around providing comprehensive fire and wind coverage in the surrounding counties that the company is authorized to serve. The organization operates with the primary goal of safeguarding homes and properties against these two natural hazards, ensuring peace of mind for its clients in the designated areas.
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Impact
October, 2024
Louisville Clay Cty Farmers Mutual plays a pivotal role in safeguarding the financial well-being of individuals and families in the surrounding counties by providing essential fire and wind insurance coverage. This support is crucial, particularly in areas prone to natural disasters, as it helps mitigate the economic impact of property loss and damage. By adhering to the regulations set forth by the Illinois Department of Professional Regulation, the organization ensures that its offerings are both reliable and compliant. Through its commitment to mutual benefit, Louisville Clay Cty Farmers Mutual fosters a sense of community resilience, empowering residents to rebuild and recover after unforeseen events while enhancing overall community stability.
This information is meant to be a general summary of Louisville Clay Cty Farmers Mutual. 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: $8,004
- Program Service Revenue: $555,755
- Gross Receipts: $563,759
Assets and Liabilities:
- Total Assets: $1,370,490
- Total Liabilities: $260,337
- Net Assets: $1,110,153
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS
Revenue
$519,180
POLICY FEES
Revenue
$36,575
Organization Details
Founding Year
1900
Principal Officer
Pat Quinn
Main Address
PO BOX 118, LOUISVILLE, IL, 62858
NTEE Category
Code: Y20 - Mutual benefit
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