Overview
What is German Mutual Insurance Company?
The German Mutual Insurance Company is a mutual organization situated in Lohman, Missouri. With a postal address at PO Box 123, they offer property insurance to their members, currently serving 426 policies as of December 31, 2022. The company's total inforce amount for this coverage stands at $65,572,586. The organization functions as a mutual insurance company, providing property insurance protection to its members. With a modest team of five employees, the German Mutual Insurance Company ensures peace of mind for its members by insuring their properties.
Is German Mutual Insurance Company legitimate?
German Mutual Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. German Mutual 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: $29,586
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,550
For more financial information, click here
What is the mission statement of German Mutual Insurance Company?
The German Mutual Insurance Company's primary mission is to offer property insurance to its members. This mutual organization ensures property protection for its members, with a gross inforce amount of $65,572,586 as of December 31, 2022, supporting 426 active policies. While the specifics of their operations or additional services may not be elaborated in the provided information, the company's core purpose is clear: to provide property insurance coverage to its membership base.
Who is the CEO of German Mutual Insurance Company?
Glen Steenbergen is the Director of German Mutual Insurance Company.
What is the revenue of German Mutual Insurance Company?
German Mutual Insurance Company's revenue in 2022 was $289,762.
Who are the executives of German Mutual Insurance Company and what are their salaries?
The average compensation at German Mutual Insurance Company during 2022 was $9,427. There are 5 employees at German Mutual Insurance Company.
Here are 9 key members and their salaries:
- Compensation: $11,091
- Related: $0
- Other: $0
- Compensation: $7,395
- Related: $0
- Other: $0
- Compensation: $6,200
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $700
- Related: $0
- Other: $0
- Compensation: $700
- Related: $0
- Other: $0
- Compensation: $700
- Related: $0
- Other: $0
- Compensation: $700
- Related: $0
- Other: $0
- Compensation: $700
- Related: $0
- Other: $0
Where can I find the form 990 for German Mutual Insurance Company?
German Mutual Insurance Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of German Mutual Insurance Company
German Mutual Insurance Company, as a mutual insurance company, is dedicated to providing property insurance to its members. Its mission is centered around ensuring the protection and security of its members' properties, as evidenced by the provision of property insurance with a gross inforce amount of $65,572,586. At the end of 2022, 426 policies were in force, indicating the company's commitment to its members and their property insurance needs.
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Impact
October, 2024
German Mutual Insurance Company provides crucial property insurance services to its members, helping to safeguard their homes and assets against potential losses. With a substantial gross inforce amount of $65,572,586, the company demonstrates its commitment to financial stability and member support. As of December 31, 2022, it maintained 426 active policies, indicating a solid membership base that relies on its coverage. By focusing on mutual benefit, German Mutual Insurance Company fosters a community-oriented approach to risk management, ensuring that its members have access to essential protection in times of need. Their impactful services contribute to the financial security and peace of mind of individuals and families in Lohman, MO, and the surrounding areas.
This information is meant to be a general summary of German Mutual 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,554
- Gross Receipts: $289,762
Assets and Liabilities:
- Total Assets: $1,698,888
- Total Liabilities: $0
- Net Assets: $1,698,888
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Organization Details
Founding Year
1891
Phone
(573) 634-0175Principal Officer
Glen Steenbergen
Main Address
PO Box 123, Lohman, MO, 65053
NTEE Category
Code: Y20 - Mutual benefit
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