Overview
What is Berry & Roxbury Mutual Insurance Company?
Berry & Roxbury Mutual Insurance Company is a small-scale mutual insurance firm situated in Cross Plains, Wisconsin. With less than 600,000 gross receipts, the company primarily relies on premiums, accounting for over half of its income. Established to provide property and casualty benefits to its 350 policyholders as of December 31, 2022, the company operates with a team of four employees. Based on the information provided, Berry & Roxbury Mutual Insurance Company is a locally-focused insurance provider that serves its policyholders with essential coverage.
Is Berry & Roxbury Mutual Insurance Company legitimate?
Berry & Roxbury Mutual Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. Berry & Roxbury 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: $95,032
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,416
For more financial information, click here
What is the mission statement of Berry & Roxbury Mutual Insurance Company?
Berry & Roxbury Mutual Insurance Company is an insurance company that primarily operates by collecting premiums. Its mission, as stated, is to provide property and casualty benefits to its policyholders. The company's activities are focused on managing its expenses effectively, ensuring it falls under the category of mutual insurance companies with gross receipts not exceeding 600,000, with over half of these receipts coming from premiums. As of December 31, 2022, the company had 350 policyholders who rely on its services for their insurance needs.
Who is the CEO of Berry & Roxbury Mutual Insurance Company?
L Peter Wolf is the Secretary - Treasurer of Berry & Roxbury Mutual Insurance Company.
What is the revenue of Berry & Roxbury Mutual Insurance Company?
Berry & Roxbury Mutual Insurance Company's revenue in 2022 was $283,594.
Who are the executives of Berry & Roxbury Mutual Insurance Company and what are their salaries?
The average compensation at Berry & Roxbury Mutual Insurance Company during 2022 was $31,112. There are 4 employees at Berry & Roxbury Mutual Insurance Company.
Here are 10 key members and their salaries:
- Compensation: $38,501
- Related: $0
- Other: $0
- Compensation: $26,676
- Related: $0
- Other: $0
- Compensation: $21,667
- Related: $0
- Other: $0
- Compensation: $10,520
- Related: $0
- Other: $0
- Compensation: $4,935
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,300
- Related: $0
- Other: $0
- Compensation: $2,850
- Related: $0
- Other: $0
- Compensation: $2,700
- Related: $0
- Other: $0
- Compensation: $1,950
- Related: $0
- Other: $0
Where can I find the form 990 for Berry & Roxbury Mutual Insurance Company?
Berry & Roxbury Mutual Insurance Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Berry & Roxbury Mutual Insurance Company
Berry & Roxbury Mutual Insurance Company, a small-scale insurance firm, is primarily dedicated to providing property and casualty benefits to its policyholders. The company's operations are largely funded through premiums, making up more than half of its annual gross receipts, which do not surpass the figure of 600,000 dollars. As of December 31, 2022, the company had a total of 350 policyholders, indicating a tightly-knit community of clients. The mission of Berry & Roxbury Mutual Insurance Company can be seen in its commitment to providing insurance services, ensuring financial protection and peace of mind to its policyholders in various aspects of their lives.
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Impact
October, 2024
Berry & Roxbury Mutual Insurance Company provides crucial property and casualty insurance benefits to its 350 policyholders in Cross Plains, Wisconsin. By operating with gross receipts under $600,000, the company effectively focuses on service rather than profit. More than half of its revenue comes from premiums, ensuring that the majority of its resources are dedicated to fulfilling its mission of mutual benefit. This structure allows policyholders to receive essential coverage while fostering a strong sense of community and shared responsibility among members. The company’s commitment to maintaining a stable and affordable insurance environment not only supports individual policyholders but also enhances the overall resilience of the local area in the face of risks and uncertainties.
This information is meant to be a general summary of Berry & Roxbury 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: $26,221
- Program Service Revenue: $248,570
- Gross Receipts: $297,207
Assets and Liabilities:
- Total Assets: $1,992,729
- Total Liabilities: $152,420
- Net Assets: $1,840,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Premiums Earned
Revenue
$248,570
Organization Details
Founding Year
1905
Phone
(608) 798-4766Principal Officer
L Peter Wolf
Main Address
4766 County Road KP, Cross Plains, WI, 53528
NTEE Category
Code: Y20Z - Mutual benefit
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