Overview
What is Caledonia Mutual Fire Insurance Company?
Caledonia Mutual Fire Insurance Company is a local mutual insurance organization situated in Portage, Wisconsin. With a focus on affordability, they offer property and casualty insurance coverage to their policyholders, keeping their gross profits and gross receipts low. As of December 31, 2022, they have 129 active insurance policies. The company is staffed by a small team of three individuals, ensuring they provide personalized service to their community. By maintaining a minimalistic business model, Caledonia Mutual Fire Insurance Company continues to serve its policyholders effectively.
Is Caledonia Mutual Fire Insurance Company legitimate?
Caledonia Mutual Fire Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. Caledonia Mutual Fire 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: $11,072
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Caledonia Mutual Fire Insurance Company?
The Caledonia Mutual Fire Insurance Company serves as an insurance provider, offering affordable property and casualty coverage to its local policyholders. The company maintains a focus on keeping gross profits and gross receipts to a minimum while providing these essential services. In essence, their mission is to provide cost-effective property and casualty insurance, ensuring financial security for their policyholders without overly prioritizing profits.
Who is the CEO of Caledonia Mutual Fire Insurance Company?
David Ziehmke is the Manager of Caledonia Mutual Fire Insurance Company.
What is the revenue of Caledonia Mutual Fire Insurance Company?
Caledonia Mutual Fire Insurance Company's revenue in 2022 was $282,340.
Who are the executives of Caledonia Mutual Fire Insurance Company and what are their salaries?
The average compensation at Caledonia Mutual Fire Insurance Company during 2022 was $3,691. There are 3 employees at Caledonia Mutual Fire Insurance Company.
Here are 10 key members and their salaries:
- Compensation: $5,825
- Related: $0
- Other: $0
- Compensation: $2,218
- Related: $0
- Other: $0
- Compensation: $1,699
- Related: $0
- Other: $0
- Compensation: $385
- Related: $0
- Other: $0
- Compensation: $295
- Related: $0
- Other: $0
- Compensation: $175
- Related: $0
- Other: $0
- Compensation: $175
- Related: $0
- Other: $0
- Compensation: $175
- Related: $0
- Other: $0
- Compensation: $125
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Caledonia Mutual Fire Insurance Company?
Caledonia Mutual Fire Insurance Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Caledonia Mutual Fire Insurance Company
Caledonia Mutual Fire Insurance Company, as an insurance organization, is committed to providing affordable property and casualty coverage to its local policyholders. The company's mission is distinct in its focus on maintaining minimal gross profits and gross receipts, which sets it apart in the insurance industry. By doing so, Caledonia Mutual Fire Insurance Company ensures that its policyholders receive competitive pricing for their insurance needs, making it an accessible option for many individuals and families in the community. The company's mission is not just about providing insurance coverage; it's about offering a valuable service to its policyholders while maintaining a financially sound business model.
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Impact
October, 2024
Caledonia Mutual Fire Insurance Company significantly impacts its local community by providing affordable property and casualty insurance coverage to residents. By maintaining minimal gross profits and gross receipts, the company focuses on the welfare of its policyholders rather than maximizing financial gain. As of December 31, 2022, the company held 129 active policies, indicating a steady commitment to protecting local properties and assets. This emphasis on mutual benefit fosters a sense of security among policyholders in Portage, WI, ensuring that they have access to essential insurance services while supporting local economic stability.
This information is meant to be a general summary of Caledonia Mutual Fire 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: $45,631
- Program Service Revenue: $236,516
- Gross Receipts: $288,244
Assets and Liabilities:
- Total Assets: $638,464
- Total Liabilities: $23,521
- Net Assets: $614,943
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Premiums Earned
Revenue
$236,516
Organization Details
Founding Year
1905
Phone
(608) 742-4885Principal Officer
David Ziehmke
Main Address
N5725 Hwy 78, Portage, WI, 53901
NTEE Category
Code: Y20 - Mutual benefit
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