Lincoln Mutual Insurance Assoc

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

EIN: 420380610 ✦ Lone tree, IA ✦ Designated as a 501(c)(15)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Lincoln Mutual Insurance Assoc?

Lincoln Mutual Insurance Assoc is a nonprofit organization, specifically focused on property insurance, situated in Lone Tree, Iowa. Led by Benjamin Slaughter, the association offers various insurance services to its clients. Their primary activity revolves around providing property insurance coverage, ensuring financial protection for property owners in the event of damage or loss. This nonprofit organization operates with the aim of catering to the insurance needs of its clients in an effective and efficient manner.

Is Lincoln Mutual Insurance Assoc legitimate?

Lincoln Mutual Insurance Assoc is a legitimate nonprofit organization registered as a 501(c)(15) entity. Lincoln Mutual Insurance Assoc 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: $143,534
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,532

For more financial information, click here

What is the mission statement of Lincoln Mutual Insurance Assoc?

Lincoln Mutual Insurance Association is dedicated to offering property insurance services. Their mission involves providing reliable insurance solutions to their clients. The association operates in the field of insurance, offering its services to protect individuals' properties. While specific details about their broader goals or additional services are not provided, it can be inferred that they aim to ensure customer satisfaction and security through their property insurance offerings.

Who is the CEO of Lincoln Mutual Insurance Assoc?

Benjamin Slaughter is the President of Lincoln Mutual Insurance Assoc.

What is the revenue of Lincoln Mutual Insurance Assoc?

Lincoln Mutual Insurance Assoc's revenue in 2022 was $526,617.

Who are the executives of Lincoln Mutual Insurance Assoc and what are their salaries?

The average compensation at Lincoln Mutual Insurance Assoc during 2022 was $63,689. There are 3 employees at Lincoln Mutual Insurance Assoc.


Here are 7 key members and their salaries:


Gerald Burr (President)
  • Compensation: $450
  • Related: $0
  • Other: $0
Benjamin Slaughter (Vice-Preside)
  • Compensation: $300
  • Related: $0
  • Other: $0
Phyllis Peterson (Sec/Treas/Ag)
  • Compensation: $122,656
  • Related: $0
  • Other: $0
Joe Wright (Director/Age)
  • Compensation: $19,628
  • Related: $0
  • Other: $0
Josh Zaruba (Director)
  • Compensation: $50
  • Related: $0
  • Other: $0
Brad Woodiwiss (Director)
  • Compensation: $250
  • Related: $0
  • Other: $0
Jerry Hotz (Director)
  • Compensation: $200
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lincoln Mutual Insurance Assoc?

Lincoln Mutual Insurance Assoc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lincoln Mutual Insurance Assoc

Lincoln Mutual Insurance Association, as the name suggests, is primarily focused on providing property insurance services. This nonprofit association offers its expertise in the field of insurance, providing a vital service to individuals and businesses in need. The organization is led by Benjamin Slaughter, who oversees its operations with dedication and commitment. While the focus is on property insurance, the association also extends its services to meet various insurance needs, demonstrating a comprehensive approach to its mission.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Lincoln Mutual Insurance Association plays a significant role in providing property insurance and associated insurance services to the local community in Lone Tree, IA. By offering these essential services, the association helps safeguard individuals and businesses against potential financial losses due to property damage or unforeseen events.

Under the leadership of Benjamin Slaughter, the organization not only fulfills its mission of delivering reliable insurance solutions but also fosters a sense of mutual benefit among its members. This emphasis on community-oriented service strengthens relationships within the area and enhances the overall resilience of the local economy.

By focusing on property insurance, Lincoln Mutual Insurance Association provides peace of mind to its clients, allowing them to protect their assets effectively. This impact extends beyond individual policyholders, contributing to the stability and prosperity of the entire Lone Tree community.




This information is meant to be a general summary of Lincoln Mutual Insurance Assoc. 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
$526,617 (2022)
Expenses
$475,611 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $35,204
  • Gross Receipts: $527,847

Assets and Liabilities:

  • Total Assets: $1,501,172
  • Total Liabilities: $354,016
  • Net Assets: $1,147,156

Want to help this charity, for free? You can click here to learn more about Give Freely

Organization Details

Founding Year

1873

Principal Officer

Benjamin Slaughter

Main Address

105 NORTH DEVOE ST BOX 155, LONE TREE, IA, 52755

NTEE Category

Code: Y20 - Mutual benefit

If you are a representative of Lincoln Mutual Insurance Assoc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.