Humboldt Farm Mutual Insurance Company Of South Dakota

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

EIN: 460133650 ✦ Canton, SD ✦ Designated as a 501(c)(15)

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Overview

What is Humboldt Farm Mutual Insurance Company Of South Dakota?

The Humboldt Farm Mutual Insurance Company of South Dakota was a nonprofit organization dedicated to providing property insurance services to its members. Although its current status is not active or terminated, its primary mission was to offer insurance coverage to its members.


Official website here: www.humboldtfarmmutual.com

Is Humboldt Farm Mutual Insurance Company Of South Dakota legitimate?

Humboldt Farm Mutual Insurance Company Of South Dakota is a legitimate nonprofit organization registered as a 501(c)(15) entity. Humboldt Farm Mutual Insurance Company Of South Dakota 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: $6,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.humboldtfarmmutual.com

What is the mission statement of Humboldt Farm Mutual Insurance Company Of South Dakota?

The Humboldt Farm Mutual Insurance Company of South Dakota, in its active period, was dedicated to providing property insurance to its members. Regrettably, this nonprofit organization is no longer operational or in service. Its mission, during its operational time, was primarily focused on offering property insurance coverage to its members. However, due to its termination or inactivity, the organization is no longer able to fulfill this mission.


Official website here: www.humboldtfarmmutual.com

Who is the CEO of Humboldt Farm Mutual Insurance Company Of South Dakota?

Brian Mcmahon is the President of Humboldt Farm Mutual Insurance Company Of South Dakota.


Official website here: www.humboldtfarmmutual.com

What is the revenue of Humboldt Farm Mutual Insurance Company Of South Dakota?

Humboldt Farm Mutual Insurance Company Of South Dakota's revenue in 2022 was $331,656.


Official website here: www.humboldtfarmmutual.com

Who are the executives of Humboldt Farm Mutual Insurance Company Of South Dakota and what are their salaries?


Here are 5 key members and their salaries:


Brian Mcmahon (President)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Tara Stubbe (Secretary)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Edward Henningsen (Treasurer)
  • Compensation: $1,250
  • Related: $0
  • Other: $0
Ellen Kay Marshall (Director)
  • Compensation: $1,250
  • Related: $0
  • Other: $0
Rose Sieverding (Vice Preside)
  • Compensation: $1,250
  • Related: $0
  • Other: $0


Official website here: www.humboldtfarmmutual.com

Where can I find the form 990 for Humboldt Farm Mutual Insurance Company Of South Dakota?

Humboldt Farm Mutual Insurance Company Of South Dakota's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.humboldtfarmmutual.com

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

Mission Statement of Humboldt Farm Mutual Insurance Company Of South Dakota

Humboldt Farm Mutual Insurance Company of South Dakota, once an active nonprofit organization, was committed to providing property insurance to its members. Its primary mission was to safeguard the assets of its members, offering them a sense of security and peace of mind. This nonprofit, however, is no longer in operation.

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Impact




October, 2024

Humboldt Farm Mutual Insurance Company of South Dakota provided property insurance to its members, contributing to the financial security and stability of the community. By offering insurance coverage, the organization helped protect members' assets against various risks, fostering a sense of safety and resilience within the community. Although it is no longer active, its role in promoting mutual benefit and supporting local families remains a noteworthy aspect of its legacy.




This information is meant to be a general summary of Humboldt Farm Mutual Insurance Company Of South Dakota. 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
$331,656 (2022)
Expenses
$582,919 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $12,169
  • Program Service Revenue: $319,487
  • Gross Receipts: $331,656

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

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

PREMIUM INCOME

Revenue

$277,020

COMMISSIONS INCOME

Revenue

$29,671

MEMBERSHIP DUES

Revenue

$12,796

Organization Details

Founding Year

1889

Principal Officer

Brian Mcmahon

Main Address

PO BOX 276, CANTON, SD, 57013

NTEE Category

Code: Y20 - Mutual benefit

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