Overview
What is Martinsburg Mutual Insurance?
Martinsburg Mutual Insurance is a mutual organization, headquartered unspecified, that serves its members by offering insurance coverage and providing compensation for any damage claims. This company operates on a mutual basis, meaning that its members are both the insurers and the insured, sharing the risks and benefits equally. The primary mission of Martinsburg Mutual Insurance is to protect and support its members by offering insurance coverage and reimbursing them for any covered damages.
Is Martinsburg Mutual Insurance legitimate?
Martinsburg Mutual Insurance is a legitimate nonprofit organization registered as a 501(c)(15) entity. Martinsburg Mutual Insurance 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: $122,459
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Martinsburg Mutual Insurance?
Martinsburg Mutual Insurance operates as a mutual insurance company, with its primary mission being to provide insurance coverage to its members. In the event of damage claims, the company reimburses its members. Essentially, Martinsburg Mutual Insurance serves to protect its members financially by insuring them against potential damages. This mutual insurance company prioritizes its members' interests, ensuring they are compensated for any damages they incur. The company's operations revolve around this fundamental mission of insuring and reimbursing its members.
Who is the CEO of Martinsburg Mutual Insurance?
James Gastler is the Director of Martinsburg Mutual Insurance.
What is the revenue of Martinsburg Mutual Insurance?
Martinsburg Mutual Insurance's revenue in 2022 was $536,267.
Who are the executives of Martinsburg Mutual Insurance and what are their salaries?
The average compensation at Martinsburg Mutual Insurance during 2022 was $122,459. There is 1 employee at Martinsburg Mutual Insurance.
Here are 8 key members and their salaries:
- Compensation: $90,550
- Related: $0
- Other: $0
- Compensation: $29,710
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Martinsburg Mutual Insurance?
Martinsburg Mutual Insurance's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Martinsburg Mutual Insurance
Martinsburg Mutual Insurance, as a mutual insurance company, is dedicated to protecting its members by providing insurance coverage. This organization operates on a unique model where its members become its owners, and in return, they are reimbursed for any damage claims. By insuring its members, Martinsburg Mutual Insurance provides a sense of security and peace of mind, knowing that they are covered in case of unforeseen incidents. This mutual insurance company's mission is to safeguard its members' interests and ensure they are financially compensated in the event of damage or loss.
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Impact
October, 2024
Martinsburg Mutual Insurance plays a crucial role in the community by providing insurance coverage and financial security to its members. As a mutual insurance company, it focuses on the needs of its policyholders, offering them protection against various risks and ensuring that they are reimbursed for damage claims when necessary. This not only helps individuals recover from losses but also fosters a sense of community support, as members can rely on each other during challenging times.
By operating with a mutual benefit approach, Martinsburg Mutual Insurance encourages a cooperative spirit among its members in Martinsburg, MO. The company's commitment to its mission translates into peace of mind for its members, knowing that they are insured and have a reliable partner to turn to in times of need. Overall, the company's impact extends beyond mere financial transactions, weaving a safety net that strengthens community ties and enhances resilience among its members.
This information is meant to be a general summary of Martinsburg Mutual Insurance. 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: $17,202
- Program Service Revenue: $517,161
- Gross Receipts: $536,267
Assets and Liabilities:
- Total Assets: $1,593,727
- Total Liabilities: $12,979
- Net Assets: $1,580,748
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE PREMIUMS
Revenue
$517,161
Organization Details
Founding Year
1984
Phone
(573) 721-6429Principal Officer
James Gastler
Main Address
PO BOX 171, MARTINSBURG, MO, 65264
NTEE Category
Code: Y20 - Mutual benefit
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