Central Farmers Mutual Fire Insurance Company

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

EIN: 430601351 ✦ St charles, MO ✦ Designated as a 501(c)(15)

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Overview

What is Central Farmers Mutual Fire Insurance Company?

Central Farmers Mutual Fire Insurance Company is a mutual organization based in St. Charles, Missouri. With just three dedicated employees, they offer protection to their members against various perils, including fire and liability, as well as providing extended coverage. The company's primary mission is to insure its members collectively, providing a safeguard against potential losses.


Official website here: www.cfmfic.com

Is Central Farmers Mutual Fire Insurance Company legitimate?

Central Farmers Mutual Fire Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. Central Farmers Mutual Fire 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: $59,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,924

For more financial information, click here


Official website here: www.cfmfic.com

What is the mission statement of Central Farmers Mutual Fire Insurance Company?

Central Farmers Mutual Fire Insurance Company's mission is centered around mutually insuring its members against various threats. This includes protecting them from fire-related damages, liability issues, and offering extended coverage. The company's primary objective is to provide a shield against these perils, thus ensuring financial security for its members. The company operates on the principle of mutuality, where the risks and benefits are shared among the members. This mutual approach not only strengthens the bond between the members but also creates a sense of community and shared responsibility.


Official website here: www.cfmfic.com

Who is the CEO of Central Farmers Mutual Fire Insurance Company?

Lisa Day is the Secretary/Tr of Central Farmers Mutual Fire Insurance Company.


Official website here: www.cfmfic.com

What is the revenue of Central Farmers Mutual Fire Insurance Company?

Central Farmers Mutual Fire Insurance Company's revenue in 2022 was $522,169.


Official website here: www.cfmfic.com

Who are the executives of Central Farmers Mutual Fire Insurance Company and what are their salaries?

The average compensation at Central Farmers Mutual Fire Insurance Company during 2022 was $20,341. There are 3 employees at Central Farmers Mutual Fire Insurance Company.


Here are 7 key members and their salaries:


Gina Nelsen (Secretary/Tr)
  • Compensation: $54,900
  • Related: $0
  • Other: $0
Aaron Day (Director)
  • Compensation: $800
  • Related: $0
  • Other: $0
Lisa Day (President)
  • Compensation: $800
  • Related: $0
  • Other: $0
Thomas Parr (Director)
  • Compensation: $700
  • Related: $0
  • Other: $0
Claude Boschert (Vice Preside)
  • Compensation: $700
  • Related: $0
  • Other: $0
Lawrence Ehlmann (Director)
  • Compensation: $600
  • Related: $0
  • Other: $0
Gerard Orf (Director)
  • Compensation: $600
  • Related: $0
  • Other: $0


Official website here: www.cfmfic.com

Where can I find the form 990 for Central Farmers Mutual Fire Insurance Company?

Central Farmers Mutual Fire Insurance Company's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cfmfic.com

Learn more at the official website: www.cfmfic.com

Mission Statement of Central Farmers Mutual Fire Insurance Company

Central Farmers Mutual Fire Insurance Company is committed to protecting its members from various threats, primarily focusing on fire-related perils and liability issues. This mutual insurance company extends its coverage to include additional risks, ensuring comprehensive protection for its members. In essence, Central Farmers Mutual Fire Insurance Company provides a safety net for its members, offering peace of mind and financial security against potential losses.

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Impact




October, 2024

Central Farmers Mutual Fire Insurance Company plays a crucial role in providing financial protection to its members against various risks, notably fire, liability, and extended coverage hazards. By mutually insuring its members, the company fosters a sense of community and shared responsibility, ensuring that individuals and families can recover from unforeseen losses. Based in St. Charles, MO, its mission centers on safeguarding the interests of its members, allowing them to mitigate potential financial burdens from catastrophic events. The cooperative approach not only enhances individual security but also strengthens the overall resilience of the community it serves.




This information is meant to be a general summary of Central Farmers Mutual Fire 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.

Revenue
$522,169 (2022)
Expenses
$424,186 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $45,057
  • Program Service Revenue: $477,112
  • Gross Receipts: $652,173

Assets and Liabilities:

  • Total Assets: $1,530,719
  • Total Liabilities: $365,035
  • Net Assets: $1,165,684

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PREMIUM INCOME

Revenue

$721,017

SERVICE CHARGE INCOME

Revenue

$22,198

LESS: REINSURANCE COSTS

Revenue

-$266,103

Organization Details

Founding Year

1896

Principal Officer

Lisa Day

Main Address

17 POINT WEST BLVD-STE A, ST CHARLES, MO, 63301

NTEE Category

Code: Y20 - Mutual benefit

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