Overview
What is Peoples Mutual Fire Insurance Co Of Wv?
Peoples Mutual Fire Insurance Co Of WV is a mutual fire insurance company situated in West Virginia. With a significant presence in rural areas, as of December 31, 2021, they have $45 million worth of insurance policies in force. Their primary focus is on providing fire insurance services, operating as a mutual company, which means they are owned and controlled by their policyholders. The company's mission is to safeguard rural properties against potential fire damage, offering financial security and peace of mind to its clients.
Is Peoples Mutual Fire Insurance Co Of Wv legitimate?
Peoples Mutual Fire Insurance Co Of Wv is a legitimate nonprofit organization registered as a 501(c)(15) entity. Peoples Mutual Fire Insurance Co Of Wv 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: $23,105
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,924
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What is the mission statement of Peoples Mutual Fire Insurance Co Of Wv?
Peoples Mutual Fire Insurance Company of WV operates primarily as a mutual fire insurance company. Its mission, as stated, is to provide rural insurance coverage, with an insurance portfolio worth $45 million as of December 31, 2021. The company does not provide a specific mission statement beyond its operational activity. It is a mutual insurance company, indicating that it is owned and operated by its policyholders. However, further details about its goals, values, or objectives beyond providing insurance coverage are not provided in the given information.
Who is the CEO of Peoples Mutual Fire Insurance Co Of Wv?
James R Michael is the President of Peoples Mutual Fire Insurance Co Of Wv.
What is the revenue of Peoples Mutual Fire Insurance Co Of Wv?
Peoples Mutual Fire Insurance Co Of Wv's revenue in 2022 was $114,644.
Who are the executives of Peoples Mutual Fire Insurance Co Of Wv and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $3,250
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
Where can I find the form 990 for Peoples Mutual Fire Insurance Co Of Wv?
Peoples Mutual Fire Insurance Co Of Wv's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peoples Mutual Fire Insurance Co Of Wv
Peoples Mutual Fire Insurance Co Of Wv, as a Mutual Fire Insurance company, plays a crucial role in the rural insurance sector. Their mission, as stated, is to provide insurance coverage for rural communities, with an insurance in force value of $45,000,000 as of December 31, 2021. This company operates with a focus on mutuality, meaning that its policyholders are also its owners, sharing in the company's profits and losses. By doing so, Peoples Mutual Fire Insurance Co Of Wv contributes to the financial stability and security of rural communities, providing them with essential insurance coverage.
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Impact
October, 2024
Peoples Mutual Fire Insurance Co of WV plays a significant role in the financial security of rural communities in West Virginia. With $45 million worth of insurance in force as of December 31, 2021, the company provides essential coverage for property owners, safeguarding their homes and assets against the risks associated with fire and other hazards.
By focusing on the needs of rural residents, the company contributes to the stability and resilience of these communities, helping to mitigate the financial impact of unforeseen events. This support not only protects individual policyholders but also enhances the overall economic health of the region. Through its operations, Peoples Mutual Fire Insurance Co fosters a sense of security, encouraging residents to invest in their properties and livelihoods, which in turn strengthens the community as a whole.
This information is meant to be a general summary of Peoples Mutual Fire Insurance Co Of Wv. 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: $27,897
- Program Service Revenue: $86,747
- Gross Receipts: $114,644
Assets and Liabilities:
- Total Assets: $1,374,145
- Total Liabilities: $52,076
- Net Assets: $1,322,069
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE PREMIUMS
Revenue
$41,765
REINSURANCE COMMISSIONS
Revenue
$44,982
Organization Details
Founding Year
1900
Principal Officer
James R Michael
Main Address
P O BOX 618, BERKELEY SPRINGS, WV, 25411
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