Overview
What is Spring Grove Mutual Insurance Company?
Spring Grove Mutual Insurance Company, situated in Brodhead, Wisconsin, serves as a mutual organization offering property and casualty insurance benefits to its 464 policyholders. Based at 1105 West Second Avenue, this company's primary mission is to provide insurance coverage, ensuring protection for its clientele in various scenarios. With a modest workforce of four dedicated individuals, Spring Grove Mutual Insurance Company continues to deliver its services, safeguarding the interests of its policyholders in the state of Wisconsin.
Is Spring Grove Mutual Insurance Company legitimate?
Spring Grove Mutual Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. Spring Grove 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: $77,549
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,240
For more financial information, click here
What is the mission statement of Spring Grove Mutual Insurance Company?
Spring Grove Mutual Insurance Company's primary objective is to offer property and casualty insurance coverage to its 464 policyholders. At its core, the company's mission is to provide financial protection and risk management solutions to its policyholders. By offering property and casualty insurance, Spring Grove Mutual Insurance Company aims to help its customers mitigate potential losses and financial hardships resulting from various perils. The company's operations are focused on managing the expenses associated with providing these insurance benefits to its policyholders. Overall, Spring Grove Mutual Insurance Company's mission is to serve its policyholders by offering reliable and comprehensive property and casualty insurance solutions.
Who is the CEO of Spring Grove Mutual Insurance Company?
Laura Shell is the Secretary/Treasurer of Spring Grove Mutual Insurance Company.
What is the revenue of Spring Grove Mutual Insurance Company?
Spring Grove Mutual Insurance Company's revenue in 2022 was $513,405.
Who are the executives of Spring Grove Mutual Insurance Company and what are their salaries?
The average compensation at Spring Grove Mutual Insurance Company during 2022 was $26,947. There are 4 employees at Spring Grove Mutual Insurance Company.
Here are 9 key members and their salaries:
- Compensation: $72,048
- Related: $0
- Other: $0
- Compensation: $1,776
- Related: $0
- Other: $0
- Compensation: $850
- Related: $0
- Other: $0
- Compensation: $700
- Related: $0
- Other: $0
- Compensation: $550
- Related: $0
- Other: $0
- Compensation: $475
- Related: $0
- Other: $0
- Compensation: $450
- Related: $0
- Other: $0
- Compensation: $400
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
Where can I find the form 990 for Spring Grove Mutual Insurance Company?
Spring Grove Mutual Insurance Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spring Grove Mutual Insurance Company
Spring Grove Mutual Insurance Company is dedicated to providing property casualty insurance to its 464 policyholders. This mission is at the core of their operations, ensuring that they offer appropriate coverage to protect their clients' properties and assets from various risks. By focusing on property and casualty insurance, Spring Grove Mutual Insurance Company aims to provide peace of mind and financial security to its policyholders.
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Impact
October, 2024
Spring Grove Mutual Insurance Company has a significant impact on its community by providing essential property and casualty insurance to its 464 policyholders. Operating from Brodhead, WI, the company focuses on delivering benefits that help individuals and families safeguard their assets against unforeseen events. Their commitment to mutual benefit ensures that the needs of policyholders are prioritized, fostering a sense of community and shared support. By effectively managing expenses associated with insurance, Spring Grove Mutual not only protects its members but also contributes to the overall economic stability of the region, enhancing the quality of life for those it serves.
This information is meant to be a general summary of Spring Grove 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: $29,356
- Program Service Revenue: $465,113
- Gross Receipts: $931,147
Assets and Liabilities:
- Total Assets: $1,918,733
- Total Liabilities: $260,926
- Net Assets: $1,657,807
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Insurance Revenues Earned
Revenue
$465,113
Organization Details
Founding Year
1905
Phone
(608) 897-2148Principal Officer
Laura Shell
Main Address
1105 West Second Ave, Brodhead, WI, 53520
NTEE Category
Code: Y20 - Mutual benefit
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