Overview
What is Farmers Mutual Insurance Association?
Farmers Mutual Insurance Association, based in Hartsville, South Carolina, is a nonprofit organization that offers affordable fire and extended coverage insurance to farmers and other individuals within the state. Their primary mission is to provide protection against potential losses, ensuring financial security for their clients. With a dedicated team of one employee, they strive to make insurance rates accessible, catering specifically to the needs of farmers and other residents in South Carolina.
Is Farmers Mutual Insurance Association legitimate?
Farmers Mutual Insurance Association is a legitimate nonprofit organization registered as a 501(c)(15) entity. Farmers Mutual Insurance Association 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: $12,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Farmers Mutual Insurance Association?
The Farmers Mutual Insurance Association's mission is centered around providing affordable fire and extended coverage insurance protection. This mission is extended to farmers and other individuals residing in South Carolina. The association is committed to offering these insurance services at reasonable rates, ensuring financial security for its clients in the event of unforeseen incidents. The association's efforts aim to provide a safety net, offering peace of mind to its customers during challenging times.
Who is the CEO of Farmers Mutual Insurance Association?
Robert G Pitts Director is the President of Farmers Mutual Insurance Association.
What is the revenue of Farmers Mutual Insurance Association?
Farmers Mutual Insurance Association's revenue in 2022 was $140,942.
Who are the executives of Farmers Mutual Insurance Association and what are their salaries?
The average compensation at Farmers Mutual Insurance Association during 2022 was $12,500. There is 1 employee at Farmers Mutual Insurance Association.
Here are 8 key members and their salaries:
- Compensation: $12,100
- Related: $0
- Other: $0
- Compensation: $100
- Related: $0
- Other: $0
- Compensation: $100
- Related: $0
- Other: $0
- Compensation: $100
- Related: $0
- Other: $0
- Compensation: $100
- 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 Farmers Mutual Insurance Association?
Farmers Mutual Insurance Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farmers Mutual Insurance Association
Farmers Mutual Insurance Association, in its mission, aims to extend affordable fire and insurance protection to farmers and other individuals residing within South Carolina. This organization serves a vital role by providing essential insurance coverage at reasonable rates, safeguarding the interests of its farming community and beyond. By offering fire and extended coverage, Farmers Mutual Insurance Association endeavors to provide a sense of security and peace of mind to its clients. This nonprofit organization's efforts are crucial in ensuring the financial well-being of farmers and other individuals facing potential risks, thereby contributing to the overall stability and prosperity of the community.
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Impact
October, 2024
Farmers Mutual Insurance Association plays a crucial role in enhancing the financial security of farmers and residents in South Carolina by offering affordable fire and extended coverage insurance. Located in Hartsville, the association focuses on providing vital protection, ensuring that individuals and families can safeguard their property against potential losses. By delivering insurance solutions tailored to the unique needs of the agricultural community and beyond, Farmers Mutual Insurance Association fosters resilience and stability in the face of unforeseen events. Their commitment to affordability and mutual benefit helps to strengthen the local economy and supports the well-being of the community.
This information is meant to be a general summary of Farmers Mutual Insurance Association. 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.
- Program Service Revenue: $140,942
- Gross Receipts: $140,942
Assets and Liabilities:
- Total Assets: $2,632,845
- Total Liabilities: $9,610
- Net Assets: $2,623,235
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE PREMIUMS
Revenue
$40,238
DIVIDENDS AND INTEREST
Revenue
$100,704
Organization Details
Founding Year
1895
Principal Officer
Robert G Pitts Director
Main Address
2756 CALVARY ROAD, HARTSVILLE, SC, 29550
NTEE Category
Code: Y20 - Mutual benefit
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