Overview
What is Svea Mutual Insurance Association?
The Svea Mutual Insurance Association is a nonprofit organization based in Swedesburg, Iowa. Its primary mission is to offer property insurance to its members, extending its services to neighboring counties, including Henry, Jefferson, Lee, Louisa, Des Moines, Washington, and Van Buren. The association is dedicated to providing reliable insurance coverage to its members, ensuring their peace of mind in property matters.
Is Svea Mutual Insurance Association legitimate?
Svea Mutual Insurance Association is a legitimate nonprofit organization registered as a 501(c)(15) entity. Svea Mutual Insurance Association 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: $86,115
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Svea Mutual Insurance Association?
The Svea Mutual Insurance Association's primary mission is to offer property insurance to its members. This organization is dedicated to serving several Iowa counties, including Henry, Jefferson, Lee, Louisa, Des Moines, Washington, and Van Buren. The association provides property insurance as one of its key programs, aiming to protect its members' assets.
What is the revenue of Svea Mutual Insurance Association?
Svea Mutual Insurance Association's revenue in 2023 was $546,441.
Who are the executives of Svea Mutual Insurance Association and what are their salaries?
The average compensation at Svea Mutual Insurance Association during 2023 was $43,058. There are 2 employees at Svea Mutual Insurance Association.
Here are 9 key members and their salaries:
- Compensation: $4,000
- Related: $0
- Other: $1,000
- Compensation: $100
- Related: $0
- Other: $0
- Compensation: $46,792
- Related: $0
- Other: $33,773
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $100
- Related: $0
- Other: $0
- Compensation: $50
- Related: $0
- Other: $0
- Compensation: $100
- Related: $0
- Other: $0
- Compensation: $100
- Related: $0
- Other: $0
- Compensation: $100
- Related: $0
- Other: $0
Where can I find the form 990 for Svea Mutual Insurance Association?
Svea Mutual Insurance Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Svea Mutual Insurance Association
Svea Mutual Insurance Association is committed to serving its members by offering property insurance. Located in various Iowa counties, including Henry, Jefferson, Lee, Louisa, Des Moines, Washington, and Van Buren, the association's mission is centered around providing this essential service to its members. By offering property insurance, Svea Mutual Insurance Association seeks to protect and support its members, ensuring peace of mind and financial security in the face of potential property-related challenges.
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Impact
October, 2024
The Svea Mutual Insurance Association significantly contributes to the communities in Henry County, Iowa, and its neighboring areas by offering essential property insurance to its members. This support helps individuals and families safeguard their homes and assets, fostering a sense of security and stability in the region. By primarily serving several counties, including Jefferson, Lee, Louisa, Des Moines, Washington, and Van Buren, the association acts as a critical resource for local residents, ensuring that they have access to reliable insurance coverage.
In addition, the association promotes mutual benefit among its members, creating a community-oriented approach to risk management. By focusing on property insurance, it not only protects individual interests but also strengthens the overall resilience of the communities it serves. Through its programs, Svea Mutual facilitates peace of mind for its members, enabling them to invest in their homes and futures without the constant worry of unforeseen events. Overall, the association plays a vital role in enhancing community welfare and providing essential financial protection.
This information is meant to be a general summary of Svea Mutual Insurance Association. 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 2023.
- Investment Income: $60,095
- Program Service Revenue: $481,430
- Gross Receipts: $546,441
Assets and Liabilities:
- Total Assets: $2,752,411
- Total Liabilities: $224,628
- Net Assets: $2,527,783
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUM REVENUE
Revenue
$481,564
LOSS - IA FAIR PLAN
Revenue
-$134
Organization Details
Founding Year
1875
Principal Officer
Monte Kann
NTEE Category
Code: Y20 - Mutual benefit
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