Overview
What is Patrons' Mutual Insurance Company?
Patrons' Mutual Insurance Company is a distinguished entity that specializes in providing non-life insurance services. Their offerings primarily focus on safeguarding members against potential losses caused by fire, wind, and earthquakes. As of the provided information, they have 207 active insurance policies in effect, demonstrating their commitment to protecting their clientele. The company operates with a mission to ensure the security of its members, thereby fostering peace of mind.
Is Patrons' Mutual Insurance Company legitimate?
Patrons' Mutual Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. Patrons' 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: $36,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Patrons' Mutual Insurance Company?
Patrons' Mutual Insurance Company is dedicated to providing non-life insurance services. Specifically, they offer insurance coverage for fire, wind, and earthquake incidents to their members. Currently, they have 207 active policies in force, indicative of their commitment to protecting their clients from various risks. The company's mission is focused on delivering reliable insurance solutions, aiming to provide peace of mind to its members during times of need. While they do not engage in life insurance, their offerings in the non-life insurance sector are substantial, ensuring their members are adequately protected.
Who is the CEO of Patrons' Mutual Insurance Company?
Sam Deal is the Secretary of Patrons' Mutual Insurance Company.
What is the revenue of Patrons' Mutual Insurance Company?
Patrons' Mutual Insurance Company's revenue in 2022 was $509,382.
Who are the executives of Patrons' Mutual Insurance Company and what are their salaries?
The average compensation at Patrons' Mutual Insurance Company during 2022 was $36,000. There is 1 employee at Patrons' Mutual Insurance Company.
Here are 9 key members and their salaries:
- Compensation: $34,500
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $200
- Related: $0
- Other: $0
- Compensation: $200
- Related: $0
- Other: $0
- Compensation: $150
- Related: $0
- Other: $0
- Compensation: $150
- Related: $0
- Other: $0
- Compensation: $150
- Related: $0
- Other: $0
- Compensation: $50
- Related: $0
- Other: $0
Where can I find the form 990 for Patrons' Mutual Insurance Company?
Patrons' Mutual Insurance Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Patrons' Mutual Insurance Company
Patrons' Mutual Insurance Company, as a non-profit entity, is dedicated to providing non-life insurance services. Its primary mission is to offer fire, wind, and earthquake insurance coverage to its members. With a current count of 207 active policies, the company is committed to safeguarding its members from potential property damage caused by these natural calamities. By providing these insurance programs, Patrons' Mutual Insurance Company seeks to provide peace of mind and financial security to its members, enabling them to focus on other aspects of their lives.
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Impact
October, 2024
Patrons' Mutual Insurance Company plays a significant role in enhancing community resilience by offering essential non-life insurance products, including fire, wind, and earthquake insurance. With 207 policies currently in force, the company provides financial protection and peace of mind to its members in Danvers, IL, ensuring they are equipped to recover from unforeseen events. By focusing on mutual benefit, Patrons' Mutual fosters a sense of security and stability, contributing to the overall well-being of its community while promoting sound risk management practices. This focus on tailored insurance solutions directly impacts the residents' ability to safeguard their homes and livelihoods against natural disasters.
This information is meant to be a general summary of Patrons' 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: $13,041
- Program Service Revenue: $489,695
- Gross Receipts: $509,382
Assets and Liabilities:
- Total Assets: $2,329,600
- Total Liabilities: $262,997
- Net Assets: $2,066,603
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$489,695
Organization Details
Founding Year
1874
Phone
(309) 830-0173Principal Officer
Sam Deal
Main Address
600 E MAIN STREET, DANVERS, IL, 61732
NTEE Category
Code: Y20 - Mutual benefit
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