Overview
What is Moe Urness Lund Mutual Insurance Company?
Moe Urness Lund Mutual Insurance Company is a nonprofit organization based in Brandon, Minnesota. With a membership of 801 individuals, they primarily offer property insurance coverage to farmers and homeowners residing in rural areas, adhering to IRC Section 501(c)(15) and Minnesota Statute 67A. The company's insurance coverage is valued at approximately $303,103,664. Operating with a team of only 2 employees, they are committed to providing essential insurance services to their rural community.
Official website here: www.none
Is Moe Urness Lund Mutual Insurance Company legitimate?
Moe Urness Lund Mutual Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. Moe Urness Lund 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: $6,910
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,265
For more financial information, click here
Official website here: www.none
What is the mission statement of Moe Urness Lund Mutual Insurance Company?
Moe Urness Lund Mutual Insurance Company, as a non-profit organization under IRC Section 501(c)(15) and Minnesota Statute 67A, focuses on providing property casualty insurance coverage to farmers and homeowners residing in rural areas. Its mission, in essence, is to safeguard the financial well-being of these individuals by offering comprehensive insurance solutions. The company's activities are geared towards ensuring the protection of their members' properties, thereby providing them with peace of mind. As of the provided data, the company has 801 members, with a total insurance in force of $303,103,664.
Official website here: www.none
Who is the CEO of Moe Urness Lund Mutual Insurance Company?
Bradley L Anderson is the Secretary of Moe Urness Lund Mutual Insurance Company.
Official website here: www.none
What is the revenue of Moe Urness Lund Mutual Insurance Company?
Moe Urness Lund Mutual Insurance Company's revenue in 2022 was $531,655.
Official website here: www.none
Who are the executives of Moe Urness Lund Mutual Insurance Company and what are their salaries?
The average compensation at Moe Urness Lund Mutual Insurance Company during 2022 was $33,088. There are 2 employees at Moe Urness Lund Mutual Insurance Company.
Here are 5 key members and their salaries:
- Compensation: $1,670
- Related: $0
- Other: $0
- Compensation: $1,420
- Related: $0
- Other: $0
- Compensation: $1,325
- Related: $0
- Other: $0
- Compensation: $1,265
- Related: $0
- Other: $0
- Compensation: $1,230
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Moe Urness Lund Mutual Insurance Company
Moe Urness Lund Mutual Insurance Company, a nonprofit organization, is dedicated to offering property casualty insurance coverage to farmers and homeowners residing in rural areas of Minnesota. Operating under the Internal Revenue Code Section 501(c)(15) and Minnesota Statute 67A, this organization plays a pivotal role in safeguarding the properties of its 801 members, with an Insurance in Force amount of $303,103,664. By providing this essential coverage, Moe Urness Lund Mutual Insurance Company contributes significantly to the peace of mind and financial security of rural Minnesota's farming and homeowning communities.
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Impact
October, 2024
Moe Urness Lund Mutual Insurance Company plays a significant role in supporting the agricultural community and homeowners in rural Minnesota by offering essential property casualty insurance coverage. With a membership of 801 individuals, the organization has amassed an impressive insurance in force totaling $303,103,664, providing peace of mind to its members.
By focusing on the unique needs of farmers and rural homeowners, the company helps safeguard their assets against potential risks, enabling them to operate with greater confidence. This specialized coverage is crucial in a region where farming and homeownership are closely tied to the local economy and the well-being of families.
The impact of Moe Urness Lund Mutual Insurance Company extends beyond financial security; it fosters a sense of community and mutual aid among its members. By adhering to IRC Section 501(c)(15) and Minnesota Statute 67A, the organization reinforces its commitment to providing reliable and affordable insurance solutions tailored to the specific challenges faced by its clientele.
In essence, the company's contributions not only protect individual livelihoods but also support the overall stability and resilience of rural Minnesota's economy.
This information is meant to be a general summary of Moe Urness Lund 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: $45,087
- Program Service Revenue: $485,702
- Gross Receipts: $606,655
Assets and Liabilities:
- Total Assets: $2,924,392
- Total Liabilities: $350,019
- Net Assets: $2,574,373
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Premium Income
Revenue
$475,149
Premium Refunds
Revenue
$10,553
Organization Details
Founding Year
1883
Principal Officer
Bradley L Anderson
Main Address
PO Box 156, Brandon, MN, 56315
Website
www.noneNTEE Category
Code: Y20 - Mutual benefit
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