Overview
What is Scandinavian Mutual Insurance Company Of Polk County?
Scandinavian Mutual Insurance Company of Polk County is a community-focused organization, situated in Stromsburg, NE. Dedicated to offering affordable insurance solutions, it provides property coverage for its members, encompassing protection against fire, wind, and additional risks. With an estimated 282 policyholders, the company boasts a substantial insurance coverage in force, totaling $81,392,424.
Is Scandinavian Mutual Insurance Company Of Polk County legitimate?
Scandinavian Mutual Insurance Company Of Polk County is a legitimate nonprofit organization registered as a 501(c)(15) entity. Scandinavian Mutual Insurance Company Of Polk County 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: $123,713
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,511
For more financial information, click here
What is the mission statement of Scandinavian Mutual Insurance Company Of Polk County?
Scandinavian Mutual Insurance Company of Polk County is committed to providing affordable insurance coverage to its members. Their primary activity involves offering property insurance, encompassing protection against incidents such as fire and wind damage, as well as extended coverage. With an estimated 282 policyholders and $81,392,424 in insurance coverage in force, the company ensures financial security for its members. While the mission statement does not explicitly state it, their actions suggest a focus on making insurance accessible and affordable to their community.
Who is the CEO of Scandinavian Mutual Insurance Company Of Polk County?
Lisa Shoup is the President of Scandinavian Mutual Insurance Company Of Polk County.
What is the revenue of Scandinavian Mutual Insurance Company Of Polk County?
Scandinavian Mutual Insurance Company Of Polk County's revenue in 2022 was $580,599.
Who are the executives of Scandinavian Mutual Insurance Company Of Polk County and what are their salaries?
The average compensation at Scandinavian Mutual Insurance Company Of Polk County during 2022 was $32,806. There are 4 employees at Scandinavian Mutual Insurance Company Of Polk County.
Here are 6 key members and their salaries:
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $63,930
- 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 Mutual Insurance Company Of Polk County?
Scandinavian Mutual Insurance Company Of Polk County's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Scandinavian Mutual Insurance Company Of Polk County
Scandinavian Mutual Insurance Company of Polk County is committed to providing affordable insurance coverage to its members. The company specializes in offering property insurance, ensuring protection against various incidents such as fire and wind damage, as well as extended coverage. With an estimated 282 policyholders, this insurance firm boasts an impressive insurance in force value of $81,392,424. The company's mission is to safeguard its members' assets, offering them peace of mind during times of uncertainty.
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Impact
October, 2024
Scandinavian Mutual Insurance Company of Polk County plays a significant role in enhancing the financial security of its members by providing low-cost insurance coverage. With a focus on property insurance, including protection against fire, wind, and extended risks, this organization ensures that its estimated 282 policyholders have access to essential coverage totaling over $81 million in insurance in force. Located in Stromsburg, NE, it not only helps individuals and families safeguard their assets but also fosters a sense of community by reinforcing mutual support among its members. The organization's commitment to affordability enables more residents to obtain necessary insurance protections, thereby contributing to the overall economic stability of the region.
This information is meant to be a general summary of Scandinavian Mutual Insurance Company Of Polk County. 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: $9,280
- Program Service Revenue: $566,095
- Gross Receipts: $580,599
Assets and Liabilities:
- Total Assets: $1,722,411
- Total Liabilities: $15,505
- Net Assets: $1,706,906
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP ASSESSMENTS
Revenue
$566,095
Organization Details
Founding Year
1887
Phone
(308) 743-2468Principal Officer
Lisa Shoup
Main Address
305 COMMERCIAL STREET, STROMSBURG, NE, 68666
NTEE Category
Code: Y20 - Mutual benefit
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