Overview
What is Minnesota Association Of Farm Mutual Insurance Companies Inc?
The Minnesota Association of Farm Mutual Insurance Companies Inc is a nonprofit organization situated in St. Joseph, Minnesota. Comprising approximately 100 township mutual insurance companies within the state, its primary role is to serve these members by facilitating communication, continued education, and information exchange through activities such as a newsletter and a clearinghouse. The association's objective is to provide a platform for business and trade organizations associated with township mutual insurance companies, fostering opportunities for ongoing education, dialogue, and networking. With a small workforce of three individuals, the Minnesota Association of Farm Mutual Insurance Companies Inc plays a significant role in supporting the mutual insurance sector in Minnesota.
Official website here: www.mafmic.org
Is Minnesota Association Of Farm Mutual Insurance Companies Inc legitimate?
Minnesota Association Of Farm Mutual Insurance Companies Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Minnesota Association Of Farm Mutual Insurance Companies Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $226,849
For more financial information, click here
Official website here: www.mafmic.org
What is the mission statement of Minnesota Association Of Farm Mutual Insurance Companies Inc?
The Minnesota Association of Farm Mutual Insurance Companies Inc serves as a platform for business and trade organizations associated with township mutual insurance companies. Their mission is to facilitate ongoing education, stimulate discussions, and foster networking opportunities among these organizations. The association achieves this through various activities such as publishing a newsletter, providing continuing education, and acting as a central source for information on township mutual insurance companies.
Official website here: www.mafmic.org
Who is the CEO of Minnesota Association Of Farm Mutual Insurance Companies Inc?
Greg Parent is the Sect/Treas of Minnesota Association Of Farm Mutual Insurance Companies Inc.
Official website here: www.mafmic.org
What is the revenue of Minnesota Association Of Farm Mutual Insurance Companies Inc?
Minnesota Association Of Farm Mutual Insurance Companies Inc's revenue in 2022 was $738,280.
Official website here: www.mafmic.org
Who are the executives of Minnesota Association Of Farm Mutual Insurance Companies Inc and what are their salaries?
The average compensation at Minnesota Association Of Farm Mutual Insurance Companies Inc during 2022 was $75,616. There are 3 employees at Minnesota Association Of Farm Mutual Insurance Companies Inc.
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Official website here: www.mafmic.org
Where can I find the form 990 for Minnesota Association Of Farm Mutual Insurance Companies Inc?
Minnesota Association Of Farm Mutual Insurance Companies Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mafmic.org
Learn more at the official website: www.mafmic.org
Mission Statement of Minnesota Association Of Farm Mutual Insurance Companies Inc
Minnesota Association of Farm Mutual Insurance Companies Inc serves as a platform for business and trade organizations associated with township mutual insurance companies, fostering continuous education, open discussions, and networking opportunities. The organization's primary mission is to provide a supportive environment where these member companies can engage in collaborative learning, exchange ideas, and share information related to township mutual insurance companies. By offering a newsletter, continuing education programs, and acting as a central hub for information, Minnesota Association of Farm Mutual Insurance Companies Inc aims to enhance the collective knowledge and capabilities of its members, ultimately contributing to the strength and success of the township mutual insurance industry in Minnesota.
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Impact
October, 2024
The Minnesota Association of Farm Mutual Insurance Companies Inc. plays a vital role in the growth and sustainability of township mutual insurance companies across Minnesota. By facilitating a forum for continuing education, this association enhances the knowledge base of its member companies, ensuring that they remain informed about industry trends, best practices, and regulatory changes.
Through organized activities, newsletters, and networking opportunities, MAFMIC fosters collaboration and communication among approximately 100 township mutual insurance companies. This collective approach not only strengthens the individual companies but also contributes to the overall stability of the mutual insurance sector in the region.
The association serves as a clearinghouse for vital information, assisting members in navigating challenges and capitalizing on opportunities within the agricultural insurance landscape. By focusing on community improvement, MAFMIC empowers its members to better serve their policyholders, ultimately contributing to the economic vitality and resilience of rural communities in Minnesota.
This information is meant to be a general summary of Minnesota Association Of Farm Mutual Insurance Companies Inc. 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: $12,606
- Program Service Revenue: $714,214
- Gross Receipts: $739,982
Assets and Liabilities:
- Total Assets: $1,425,880
- Total Liabilities: $89,821
- Net Assets: $1,336,059
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$398,761
STATE CONVENTION
Revenue
$174,443
SPRING SHORT COURSE
Revenue
$72,515
MANAGERS SEMINAR
Revenue
$18,440
AGENT SEMINARS
Revenue
$14,777
Organization Details
Founding Year
1895
Phone
(320) 271-0909Principal Officer
Greg Parent
Main Address
601 ELM STREET EAST PO BOX 880, ST JOSEPH, MN, 56374
Website
www.mafmic.orgNTEE Category
Code: S41 - Community improvement
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