Kenyon Holden Warsaw Mutual Fire Insurance Company

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 410350135 ✦ Goodhue, MN ✦ Designated as a 501(c)(15)

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Overview

What is Kenyon Holden Warsaw Mutual Fire Insurance Company?

Kenyon Holden Warsaw Mutual Fire Insurance Company is a nonprofit organization located at 109 Broadway St, Goodhue, MN 55027. Prior to merging with another organization on December 31, 2020, the company had 417 members and provided insurance coverage for a total sum of 282,932,980 dollars. The organization's primary mission is to offer fire and additional lines insurance coverage to its members, and they are responsible for processing and paying claims on any covered losses in accordance with IRC Section 501(c)(15). Currently, the company is managed by a small workforce of 2 individuals.


Official website here: www.none

Is Kenyon Holden Warsaw Mutual Fire Insurance Company legitimate?

Kenyon Holden Warsaw Mutual Fire Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. Kenyon Holden Warsaw 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: $10,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,807

For more financial information, click here


Official website here: www.none

What is the mission statement of Kenyon Holden Warsaw Mutual Fire Insurance Company?

Kenyon Holden Warsaw Mutual Fire Insurance Company's mission, as stated, is to offer fire and additional lines of insurance coverage to its policyholders. The organization is committed to processing and paying claims for covered policyholder losses, in accordance with IRC Section 501(c)(15). The company's primary role is to provide financial protection against fire-related damages and other specified perils to its members, ensuring financial assistance during times of loss.


Official website here: www.none

Who is the CEO of Kenyon Holden Warsaw Mutual Fire Insurance Company?

Gary Borgschatz is the President of Kenyon Holden Warsaw Mutual Fire Insurance Company.


Official website here: www.none

What is the revenue of Kenyon Holden Warsaw Mutual Fire Insurance Company?

Kenyon Holden Warsaw Mutual Fire Insurance Company's revenue in 2020 was $331,242.


Official website here: www.none

Who are the executives of Kenyon Holden Warsaw Mutual Fire Insurance Company and what are their salaries?

The average compensation at Kenyon Holden Warsaw Mutual Fire Insurance Company during 2020 was $32,154. There are 2 employees at Kenyon Holden Warsaw Mutual Fire Insurance Company.


Here are 7 key members and their salaries:


Gary Borgschatz (President)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Warren Springer (Vice-President)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
James Sviggum (Secretary/Treasurer)
  • Compensation: $1,500
  • Related: $0
  • Other: $96,820
Nathan Maring (Director)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Birdeen Thoreson (Director)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Steve Lurken (Director)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Brian Flom (Director)
  • Compensation: $1,500
  • Related: $0
  • Other: $0


Official website here: www.none

Where can I find the form 990 for Kenyon Holden Warsaw Mutual Fire Insurance Company?

Kenyon Holden Warsaw Mutual Fire Insurance Company's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.none

Learn more at the official website: www.none

Mission Statement of Kenyon Holden Warsaw Mutual Fire Insurance Company

Kenyon Holden Warsaw Mutual Fire Insurance Company, as a nonprofit organization, is dedicated to providing fire and additional lines of insurance coverages to its policyholders or members. This means that the company offers protection against potential losses due to fire and other related incidents, adhering to the guidelines set by the Internal Revenue Code Section 501(c)(15). When a policyholder experiences a covered loss, Kenyon Holden Warsaw Mutual Fire Insurance Company is responsible for processing and paying out the associated claims. Prior to a merger with another organization on December 31, 2020, the company had a membership base of 417 individuals and insured coverage of 282,932,980.

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Impact




October, 2024

Kenyon Holden Warsaw Mutual Fire Insurance Company plays a vital role in the community by providing fire and additional lines insurance coverage to its members. With a membership base of 417 and a significant insurance force totaling approximately $282.9 million prior to its merger in December 2020, the company ensures that policyholders are protected from potential losses.

Located in Goodhue, Minnesota, the company is dedicated to fulfilling its mission of delivering reliable insurance solutions and promptly paying claims for covered losses. This commitment not only supports individual members but also fosters a sense of security and stability within the broader community. By offering essential property insurance, Kenyon Holden Warsaw Mutual Fire Insurance Company enhances the financial resilience of its members and contributes to the overall strength of the local economy.




This information is meant to be a general summary of Kenyon Holden Warsaw 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.

Revenue
$331,242 (2020)
Expenses
$405,352 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $51,535
  • Program Service Revenue: $279,707
  • Gross Receipts: $493,521

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Earned Premiums

Revenue

$279,707

Organization Details

Founding Year

1875

Principal Officer

Gary Borgschatz

Main Address

109 Broadway St, Goodhue, MN, 55027

Website

www.none

NTEE Category

Code: Y20 - Mutual benefit

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