Gasconade Farmers Mutual Fire Ins

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

EIN: 430729936 ✦ Hermann, MO ✦ Designated as a 501(c)(15)

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Overview

What is Gasconade Farmers Mutual Fire Ins?

Gasconade Farmers Mutual Fire Ins is a small-scale insurance company situated in Hermann, Missouri. Established in the state, its primary mission is to offer insurance coverage primarily for perils of fire or wind. With a modest workforce of three individuals, the company serves the insurance needs of residents within Missouri, providing them with a safety net against potential mishaps.

Is Gasconade Farmers Mutual Fire Ins legitimate?

Gasconade Farmers Mutual Fire Ins is a legitimate nonprofit organization registered as a 501(c)(15) entity. Gasconade Farmers Mutual Fire Ins 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: $121,979

For more financial information, click here

What is the mission statement of Gasconade Farmers Mutual Fire Ins?

Gasconade Farmers Mutual Fire Ins is authorized to offer insurance coverage primarily for perils of fire or wind within the state of Missouri. The company's mission, in simple terms, is to safeguard individuals and properties against such calamities by providing comprehensive insurance solutions. It operates with a focus on ensuring financial security for its clients in the event of unfortunate incidents. The company's activities are centered around delivering insurance coverage, thereby providing a sense of security and peace of mind to its customers.

Who is the CEO of Gasconade Farmers Mutual Fire Ins?

Olan W Stemme is the Board Member of Gasconade Farmers Mutual Fire Ins.

What is the revenue of Gasconade Farmers Mutual Fire Ins?

Gasconade Farmers Mutual Fire Ins's revenue in 2022 was $349,091.

Who are the executives of Gasconade Farmers Mutual Fire Ins and what are their salaries?

The average compensation at Gasconade Farmers Mutual Fire Ins during 2022 was $40,660. There are 3 employees at Gasconade Farmers Mutual Fire Ins.


Here are 5 key members and their salaries:


John E Santhuff (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael D Sloan (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hoyt C Stemme (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda A Stemme (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Olan W Stemme (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Gasconade Farmers Mutual Fire Ins?

Gasconade Farmers Mutual Fire Ins's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Gasconade Farmers Mutual Fire Ins

Gasconade Farmers Mutual Fire Ins, as an insurance company, is authorized to provide coverage in the state of Missouri. Its primary focus is on offering protection against perils of fire and wind. In simpler terms, this organization is dedicated to safeguarding residents of Missouri from potential damages caused by these two elements. By providing insurance coverage, Gasconade Farmers Mutual Fire Ins plays a crucial role in mitigating financial losses and helping individuals and businesses recover from unforeseen incidents. The company's mission is to ensure peace of mind for its policyholders by offering reliable insurance solutions during times of need.

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Impact




October, 2024

Gasconade Farmers Mutual Fire Insurance plays a crucial role in providing financial security and peace of mind to property owners in Missouri. By offering coverage primarily for perils of fire and wind, the company helps protect residents and businesses from the potentially devastating financial impacts of these natural disasters. Located in Hermann, MO, it serves a vital function in the community by ensuring that policyholders can rebuild and recover in the aftermath of damaging events.

The company's mission is centered around delivering reliable insurance coverage, fostering a sense of mutual benefit among policyholders. This commitment enables families and businesses to safeguard their assets, promoting overall community resilience in the face of environmental risks. By being authorized to provide insurance within the state, Gasconade Farmers Mutual Fire Insurance contributes to a greater sense of security among Missouri residents, enhancing their ability to withstand unforeseen challenges.




This information is meant to be a general summary of Gasconade Farmers Mutual Fire Ins. 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
$349,091 (2022)
Expenses
$285,042 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $35,487
  • Program Service Revenue: $314,589
  • Gross Receipts: $349,091

Assets and Liabilities:

  • Total Assets: $1,775,919
  • Total Liabilities: $19,884
  • Net Assets: $1,756,035

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Organization Details

Founding Year

1886

Principal Officer

Olan W Stemme

Main Address

P O BOX 87, HERMANN, MO, 65041

NTEE Category

Code: Y20 - Mutual benefit

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