Farmers Mutual Insurance Co Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 570275723 ✦ Bennettsville, SC ✦ Designated as a 501(c)(15)

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Overview

What is Farmers Mutual Insurance Co Inc?

Farmers Mutual Insurance Co Inc, based in Bennettsville, South Carolina, functions as a Mutual Insurance Association. This organization serves its members by offering comprehensive property protection against losses. Their operations extend to providing various insurance services, ensuring peace of mind for their clients in Bennettsville. As a mutual association, the company is owned and controlled by its members, fostering a strong sense of community and shared responsibility.

Is Farmers Mutual Insurance Co Inc legitimate?

Farmers Mutual Insurance Co Inc is a legitimate nonprofit organization registered as a 501(c)(15) entity. Farmers Mutual Insurance Co Inc submitted a form 990EZ, 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.

What is the mission statement of Farmers Mutual Insurance Co Inc?

Farmers Mutual Insurance Co Inc, as a Mutual Insurance Association, is committed to providing Members with reliable Property Protection from potential losses. This organization offers a range of insurance services to its members, ensuring they are safeguarded against various risks. Although the provided information does not specify any additional details about the mission, it can be inferred that Farmers Mutual Insurance Co Inc prioritizes the security and peace of mind of its members by offering comprehensive insurance coverage.

Who is the CEO of Farmers Mutual Insurance Co Inc?

Unavailable

What is the revenue of Farmers Mutual Insurance Co Inc?

Farmers Mutual Insurance Co Inc's revenue in 2022 was $51,331.

Who are the executives of Farmers Mutual Insurance Co Inc and what are their salaries?


Here are 9 key members and their salaries:


Terry Eades (Director-P/T)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wa Hinson Jr (Director-P/T)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Maness (Dir/Pres-P/T)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles M Rogers (Director-P/T)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank B Rogers Iii (Dir/Vp-P/T)
  • Compensation: $0
  • Related: $0
  • Other: $0
William G Tatum (Director-P/T)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Hodge (Director-P/T)
  • Compensation: $0
  • Related: $0
  • Other: $0
James P Sanders (Director-P/T)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas M Carabo (Sec./Treas-P/T)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Farmers Mutual Insurance Co Inc?

Farmers Mutual Insurance Co Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Farmers Mutual Insurance Co Inc

Farmers Mutual Insurance Co Inc, as a Mutual Insurance Association, is committed to safeguarding its members from property losses. The organization provides a range of insurance services, serving its members effectively. Their mission revolves around offering property protection, ensuring that their members are shielded from potential losses. By doing so, Farmers Mutual Insurance Co Inc plays a crucial role in providing peace of mind and financial security to its members.

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Impact




October, 2024

Farmers Mutual Insurance Co Inc plays a vital role in the Bennettsville, SC community by providing essential property protection services. As a Mutual Insurance Association, they focus on safeguarding their members against potential losses, ensuring financial security and peace of mind for homeowners and property owners. Their commitment to offering comprehensive insurance solutions fosters a sense of community resilience, allowing residents to protect their investments and recover more effectively from unforeseen events. By prioritizing the welfare of their members, Farmers Mutual Insurance strengthens both individual and collective security in the area, promoting stability and trust within the community.




This information is meant to be a general summary of Farmers Mutual Insurance Co Inc. 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.

Revenue
$51,331 (2022)
Expenses
$77,220 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,351
  • Program Service Revenue: $47,980
  • Gross Receipts: $51,331

Assets and Liabilities:

  • Total Assets: $219,680
  • Total Liabilities: $28,972
  • Net Assets: $190,708

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Organization Details

Main Address

PO BOX 562, BENNETTSVILLE, SC, 29512

NTEE Category

Code: Y20 - Mutual benefit

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