Overview
What is Tara Mutual Fire Insurance Company?
Tara Mutual Fire Insurance Company is a modest-sized nonprofit organization, situated in Wheaton, Minnesota. Their primary mission is to offer fire insurance protection to their policyholders. With a modest workforce of two individuals, they are dedicated to providing essential fire insurance coverage to their clients. Their operations are centered around this core purpose, ensuring financial security for policyholders in the event of fire-related damages.
Is Tara Mutual Fire Insurance Company legitimate?
Tara Mutual Fire Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. Tara 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: $87,187
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,566
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What is the mission statement of Tara Mutual Fire Insurance Company?
Tara Mutual Fire Insurance Company is dedicated to its mission of providing fire insurance coverage to its policyholders. This mission is centered around safeguarding the assets and properties of its clients against the potential damages caused by fire incidents. The company strives to offer peace of mind to its policyholders by ensuring they are financially protected in the event of a fire-related incident. By providing fire insurance coverage, Tara Mutual Fire Insurance Company aims to alleviate the financial burden and stress that may arise from such incidents. The company's primary activity revolves around this mission, offering comprehensive fire insurance policies to its customers.
Who is the CEO of Tara Mutual Fire Insurance Company?
Theresa Grimes is the Sec/Treas of Tara Mutual Fire Insurance Company.
What is the revenue of Tara Mutual Fire Insurance Company?
Tara Mutual Fire Insurance Company's revenue in 2022 was $410,856.
Who are the executives of Tara Mutual Fire Insurance Company and what are their salaries?
The average compensation at Tara Mutual Fire Insurance Company during 2022 was $50,876. There are 2 employees at Tara Mutual Fire Insurance Company.
Here are 5 key members and their salaries:
- Compensation: $68,790
- Related: $0
- Other: $12,097
- Compensation: $1,650
- Related: $0
- Other: $0
- Compensation: $1,650
- Related: $0
- Other: $0
- Compensation: $1,650
- Related: $0
- Other: $0
- Compensation: $1,650
- Related: $0
- Other: $0
Where can I find the form 990 for Tara Mutual Fire Insurance Company?
Tara Mutual Fire Insurance Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tara Mutual Fire Insurance Company
Tara Mutual Fire Insurance Company, as per its mission statement, is dedicated to providing fire insurance coverage to its policyholders. This mission is a crucial commitment that the company upholds, aiming to safeguard its clients from potential property damage caused by fire incidents. By offering fire insurance coverage, Tara Mutual Fire Insurance Company plays a significant role in giving peace of mind to its policyholders, allowing them to focus on other aspects of their lives without the looming fear of fire-related losses. The company's mission is a testament to its dedication to its clients' well-being, demonstrating a strong commitment to delivering reliable and comprehensive insurance solutions.
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Impact
October, 2024
Tara Mutual Fire Insurance Company plays a crucial role in the Wheaton, MN community by providing essential fire insurance coverage to its policyholders. The company’s mission centers around safeguarding the financial well-being of individuals and families against the devastating impacts of fire-related incidents. By offering reliable insurance products, Tara Mutual helps mitigate risks, ensuring that policyholders are protected and can recover more swiftly in the event of a loss.
The mutual benefit model fosters a sense of community among policyholders, as they are both the customers and stakeholders of the company. This model encourages collective responsibility and support, enhancing trust and cooperation within the community. The availability of tailored insurance solutions contributes to greater resilience, enabling residents to rebuild and restore their lives following disasters. Overall, Tara Mutual Fire Insurance Company is instrumental in promoting security and stability within Wheaton and its surrounding areas.
This information is meant to be a general summary of Tara 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: $84,437
- Program Service Revenue: $326,419
- Gross Receipts: $412,662
Assets and Liabilities:
- Total Assets: $3,459,696
- Total Liabilities: $156,234
- Net Assets: $3,303,462
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PREMIUM INCOME
Revenue
$326,419
Organization Details
Founding Year
1898
Phone
(320) 563-4611Principal Officer
Theresa Grimes
Main Address
1102 BROADWAY, WHEATON, MN, 56296
NTEE Category
Code: Y20 - Mutual benefit
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