Overview
What is Wanamingo Mutual Insurance Company?
Wanamingo Mutual Insurance Company is a community-focused organization, located at 209 Main St, Wanamingo, Minnesota. As a nonprofit, it adheres to the guidelines of section 501(c)(15), serving a membership base of 559 individuals. The company's primary mission is to offer various insurance coverage options, including fire, auto, farm, and homeowners policies, to its policyholders, aiming to protect their assets and provide financial security. With an extensive insurance in force of 390,431,536, Wanamingo Mutual Insurance Company is committed to fulfilling its mission by paying claims on covered policyholder losses. The company operates with a modest workforce of one employee, demonstrating its dedication to its members.
Official website here: www.none
Is Wanamingo Mutual Insurance Company legitimate?
Wanamingo Mutual Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. Wanamingo 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,150
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Official website here: www.none
What is the mission statement of Wanamingo Mutual Insurance Company?
Wanamingo Mutual Insurance Company's mission is centered around providing insurance coverage, primarily focusing on fire and additional lines. Their main objective is to offer these coverages to their policyholders and pay out on covered losses. The company, with around 559 members, is committed to ensuring financial protection for its policyholders under section 501(c)(15). As of now, they have insured properties to the tune of 390,431,536 dollars.
Official website here: www.none
Who is the CEO of Wanamingo Mutual Insurance Company?
Bonnie Hermann is the Secretary of Wanamingo Mutual Insurance Company.
Official website here: www.none
What is the revenue of Wanamingo Mutual Insurance Company?
Wanamingo Mutual Insurance Company's revenue in 2022 was $485,194.
Official website here: www.none
Who are the executives of Wanamingo Mutual Insurance Company and what are their salaries?
The average compensation at Wanamingo Mutual Insurance Company during 2022 was $38,150. There is 1 employee at Wanamingo Mutual Insurance Company.
Here are 8 key members and their salaries:
- Compensation: $525
- Related: $0
- Other: $0
- Compensation: $825
- Related: $0
- Other: $0
- Compensation: $75
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $450
- Related: $0
- Other: $0
- Compensation: $450
- Related: $0
- Other: $0
- Compensation: $15,771
- Related: $0
- Other: $0
- Compensation: $10,417
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Wanamingo Mutual Insurance Company
Wanamingo Mutual Insurance Company is committed to providing fire and various other forms of insurance coverage to its members. Their mission, in simpler terms, is to offer fire and additional insurance coverages to policyholders and ensure that they receive compensation for any covered losses they may incur. The company, under the section 501(c)(15), serves a membership of 559 individuals and maintains an impressive insurance coverage of over 390 million dollars.
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Impact
October, 2024
Wanamingo Mutual Insurance Company significantly impacts its community by offering comprehensive insurance coverage, including fire, auto, farm, and homeowners insurance, to its 559 members. With an impressive insurance in force amounting to over $390 million, the company plays a critical role in safeguarding the assets and livelihoods of local residents in Wanamingo, MN.
Through its mission to provide reliable insurance and promptly pay claims for covered losses, Wanamingo Mutual fosters a sense of security among policyholders, ensuring they are protected against uncertainties. The company's commitment to mutual benefit strengthens community ties and promotes resilience, ultimately contributing to the economic stability of the area. By prioritizing member needs, Wanamingo Mutual Insurance Company not only fulfills its primary function as an insurer but also enhances the overall well-being of its community.
This information is meant to be a general summary of Wanamingo 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: $118,337
- Program Service Revenue: $360,962
- Gross Receipts: $485,194
Assets and Liabilities:
- Total Assets: $3,176,344
- Total Liabilities: $244,994
- Net Assets: $2,931,350
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Premiums Revenue
Revenue
$360,962
Organization Details
Founding Year
1876
Phone
(507) 824-2912Principal Officer
Bonnie Hermann
Main Address
209 Main St, Wanamingo, MN, 559830279
Website
www.noneNTEE Category
Code: Y20 - Mutual benefit
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