Overview
What is Scandinavian Farm Mutual Insurance?
Scandinavian Farm Mutual Insurance is a mutual insurance company, serving as a community-driven organization that offers a range of insurance services for its members. By operating on a mutual basis, the company ensures that its benefits are tailored to its members' needs, making it a unique insurance provider. The company's main purpose is to offer various insurance programs, catering to its members' requirements. As a mutual insurance company, Scandinavian Farm Mutual Insurance is committed to providing its members with a wide array of insurance services.
Is Scandinavian Farm Mutual Insurance legitimate?
Scandinavian Farm Mutual Insurance is a legitimate nonprofit organization registered as a 501(c)(15) entity. Scandinavian Farm 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,295
For more financial information, click here
What is the mission statement of Scandinavian Farm Mutual Insurance?
Scandinavian Farm Mutual Insurance functions as a mutual insurance company, providing a range of services to its members. The organization's mission is centered around offering insurance programs that benefit its members. As a mutual insurance company, it operates on the principle of being owned and controlled by its members, ensuring shared risk and shared rewards. The company's activities are primarily focused on the provision of insurance services, catering to various needs of its members.
Who is the CEO of Scandinavian Farm Mutual Insurance?
Craig Hewitt is the Ass'T Sec/Ma of Scandinavian Farm Mutual Insurance.
What is the revenue of Scandinavian Farm Mutual Insurance?
Scandinavian Farm Mutual Insurance's revenue in 2022 was $200,971.
Who are the executives of Scandinavian Farm Mutual Insurance and what are their salaries?
The average compensation at Scandinavian Farm Mutual Insurance during 2022 was $16,648. There are 2 employees at Scandinavian Farm Mutual Insurance.
Here are 5 key members and their salaries:
- Compensation: $11,197
- 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 Scandinavian Farm Mutual Insurance?
Scandinavian Farm Mutual Insurance's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Scandinavian Farm Mutual Insurance
Scandinavian Farm Mutual Insurance, as a mutual insurance company, is dedicated to providing benefits and services for its members. The organization's mission lies in operating as an insurance provider, offering a range of programs that cater to its members' needs. Scandinavian Farm Mutual Insurance is structured around the concept of mutuality, which means that its members share in its governance and profits. This mutual structure allows the company to prioritize the interests of its members, ensuring that they receive tailored insurance solutions that meet their specific requirements. The company's activities and services are centered around the provision of insurance, demonstrating its commitment to protecting and supporting its members in various capacities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Scandinavian Farm Mutual Insurance plays a crucial role in the community by offering a range of insurance programs designed to provide benefits specifically tailored for its members. Located in Langford, SD, the organization operates as a mutual insurance company, meaning it prioritizes the needs and welfare of its policyholders. The company’s mission centers on delivering insurance solutions that foster mutual benefit, ensuring that members enjoy security and peace of mind against various risks. By focusing on member-centric service, Scandinavian Farm Mutual Insurance strengthens local economies and supports the agricultural community, contributing to the overall stability and resilience of the areas it serves.
This information is meant to be a general summary of Scandinavian Farm 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: -$34,816
- Program Service Revenue: $230,201
- Gross Receipts: $200,971
Assets and Liabilities:
- Total Assets: $1,198,604
- Total Liabilities: $136,919
- Net Assets: $1,061,685
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INS PREMIUMS - WIND
Revenue
$120,245
INS PREMIUMS - FIRE
Revenue
$109,956
Organization Details
Founding Year
1893
Phone
(605) 493-6702Principal Officer
Craig Hewitt
Main Address
PO BOX 125, LANGFORD, SD, 57454
NTEE Category
Code: Y20 - Mutual benefit
If you are a representative of Scandinavian Farm Mutual Insurance and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.