Overview
What is Polk & Butler Mutual Insurance Company?
Polk & Butler Mutual Insurance Company is a nonprofit organization dedicated to offering property insurance to its members. By handling insurance claims and policy determinations, they incur expenses such as adjusting, commissions, and directors fees. The company expands its support for its members by covering their insurance premium expenses through various programs. This commitment to its members forms the core mission of Polk & Butler Mutual Insurance Company.
Is Polk & Butler Mutual Insurance Company legitimate?
Polk & Butler Mutual Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. Polk & Butler 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: $109,224
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Polk & Butler Mutual Insurance Company?
Polk & Butler Mutual Insurance Company's primary mission is to offer property insurance to its members. In the process of handling insurance claims and policy matters, the company incurs expenses related to adjusting, commissions, and directors. To further support its members, Polk & Butler Mutual Insurance Company also provides programs that cover insurance premium expenses. These initiatives aim to make insurance more affordable and accessible for its members.
What is the revenue of Polk & Butler Mutual Insurance Company?
Polk & Butler Mutual Insurance Company's revenue in 2023 was $641,011.
Who are the executives of Polk & Butler Mutual Insurance Company and what are their salaries?
The average compensation at Polk & Butler Mutual Insurance Company during 2023 was $109,224. There is 1 employee at Polk & Butler Mutual Insurance Company.
Here are 9 key members and their salaries:
- Compensation: $88,760
- Related: $0
- Other: $0
- Compensation: $20,464
- 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Polk & Butler Mutual Insurance Company?
Polk & Butler Mutual Insurance Company's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Polk & Butler Mutual Insurance Company
Polk & Butler Mutual Insurance Company, as a mission-driven entity, focuses on providing property insurance services to its members. Its primary objective is to safeguard the properties of its members by assessing and managing insurance claims and policies, incurring expenses such as adjusting, commissions, and directors fees in the process. Beyond offering standard insurance services, Polk & Butler Mutual Insurance Company also extends its support to its members by covering their insurance premium expenses through various programs. This commitment to its members reflects the company's dedication to ensuring financial security and peace of mind for those it serves.
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Impact
October, 2024
Polk & Butler Mutual Insurance Company significantly impacts its members by providing essential property insurance services. Based in Osceola, NE, the company focuses on delivering tailored insurance solutions that ensure financial security and protection for its members' properties. It manages various operational expenses, including adjusting, commissions, and directors' fees, to effectively assess and handle insurance claims and policies.
By offering comprehensive programs that help cover insurance premium expenses, Polk & Butler Mutual Insurance Company enhances accessibility to vital insurance services, fostering a sense of community and mutual benefit among its members. This approach not only safeguards individual assets but also promotes a culture of collective support and collaboration within its membership base. Through its focused mission, Polk & Butler Mutual Insurance Company contributes positively to the financial well-being and stability of the community it serves.
This information is meant to be a general summary of Polk & Butler 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 2023.
- Investment Income: $12,301
- Program Service Revenue: $625,110
- Gross Receipts: $641,011
Assets and Liabilities:
- Total Assets: $962,835
- Total Liabilities: $20,635
- Net Assets: $942,200
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP ASSESSMENTS
Revenue
$580,280
PREMIUM REFUNDS
Revenue
$0
SALVAGE INCOME
Revenue
$0
REINSURANCE INCOME
Revenue
$44,830
Organization Details
Founding Year
1892
Principal Officer
Lee Fozzard
NTEE Category
Code: Y20 - Mutual benefit
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