Overview
What is Farmers Mutual Fire Insurance Co Of Cleveland County?
Farmers Mutual Fire Insurance Co of Cleveland County is a small-scale nonprofit organization, headquartered in Shelby, North Carolina. With a humble workforce of three individuals, their primary mission is to provide insurance coverage against the hazards of fire, lightning, wind, and offering extended protection for dwellings and other farm structures. During the year, they served approximately 1,000 policyholders, paying out a total of 165,055 due to about 41 loss claims.
Is Farmers Mutual Fire Insurance Co Of Cleveland County legitimate?
Farmers Mutual Fire Insurance Co Of Cleveland County is a legitimate nonprofit organization registered as a 501(c)(15) entity. Farmers Mutual Fire Insurance Co Of Cleveland 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: $50,824
Professional Fundraising Fees: $0
Other Salaries and Wages: $93,353
For more financial information, click here
What is the mission statement of Farmers Mutual Fire Insurance Co Of Cleveland County?
Farmers Mutual Fire Insurance Company of Cleveland County's primary mission is to offer protection against various perils, including fire, lightning, wind, and extended coverage for dwellings and other farm buildings. The organization aims to provide peace of mind to its policyholders by safeguarding their properties against these potential threats. During the year, the company served approximately 1,000 policyholders, paying out a total of 165,055 due to around 41 loss claims.
Who is the CEO of Farmers Mutual Fire Insurance Co Of Cleveland County?
Jennifer S Parker is the Secretary/Tr of Farmers Mutual Fire Insurance Co Of Cleveland County.
What is the revenue of Farmers Mutual Fire Insurance Co Of Cleveland County?
Farmers Mutual Fire Insurance Co Of Cleveland County's revenue in 2022 was $550,750.
Who are the executives of Farmers Mutual Fire Insurance Co Of Cleveland County and what are their salaries?
The average compensation at Farmers Mutual Fire Insurance Co Of Cleveland County during 2022 was $48,059. There are 3 employees at Farmers Mutual Fire Insurance Co Of Cleveland County.
Here are 11 key members and their salaries:
- Compensation: $46,324
- Related: $0
- Other: $0
- Compensation: $2,450
- Related: $0
- Other: $0
- Compensation: $400
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $150
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Farmers Mutual Fire Insurance Co Of Cleveland County?
Farmers Mutual Fire Insurance Co Of Cleveland County's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farmers Mutual Fire Insurance Co Of Cleveland County
Farmers Mutual Fire Insurance Co of Cleveland County is dedicated to providing protection against various perils. Specifically, this organization offers coverage against the hazards of fire, lightning, and wind, as well as extended coverage for dwellings and other farm buildings. By doing so, it aims to safeguard its approximately 1,000 policyholders from potential losses. In the event of a loss, the company pays out a significant amount, as evidenced by the 165,055 paid out to policyholders resulting from approximately 41 loss claims during the year.
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Impact
October, 2024
Farmers Mutual Fire Insurance Co of Cleveland County plays a crucial role in providing financial protection to homeowners and farmers in the Shelby, NC area. By offering coverage against significant risks such as fire, lightning, wind, and other hazards, the organization helps to safeguard the investments and livelihoods of approximately 1,000 policyholders in the community.
In the past year alone, the company paid out a total of $165,055 to policyholders, addressing around 41 loss claims. This support is vital for families and businesses that face the devastating impacts of unexpected disasters, ensuring that they can recover and rebuild. By fulfilling its mission, Farmers Mutual Fire Insurance Co not only enhances individual security but also contributes to the overall stability and resilience of the local economy.
This information is meant to be a general summary of Farmers Mutual Fire Insurance Co Of Cleveland 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: $102,259
- Program Service Revenue: $448,183
- Gross Receipts: $747,199
Assets and Liabilities:
- Total Assets: $2,359,052
- Total Liabilities: $584,670
- Net Assets: $1,774,382
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE PREMIUMS
Revenue
$448,183
Organization Details
Founding Year
1906
Phone
(704) 487-9692Principal Officer
Jennifer S Parker
Main Address
102 N WASHINGTON STREET, SHELBY, NC, 28150
NTEE Category
Code: Y20 - Mutual benefit
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