Overview
What is Farmers Fire Insurance Co Of Morgan Cou?
Farmers Fire Insurance Company of Morgan County is a nonprofit organization, with a primary objective of offering affordable insurance coverage to around 80 local farmers. Based in Madison, Georgia, the company operates with a team of just two dedicated individuals. Their mission is centered around providing financial protection to the agricultural community in the region, ensuring their livelihoods are safeguarded against potential losses.
Is Farmers Fire Insurance Co Of Morgan Cou legitimate?
Farmers Fire Insurance Co Of Morgan Cou is a legitimate nonprofit organization registered as a 501(c)(15) entity. Farmers Fire Insurance Co Of Morgan Cou 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: $17,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Farmers Fire Insurance Co Of Morgan Cou?
The Farmers Fire Insurance Company, in its mission, aims to offer affordable insurance coverage to approximately 80 farmers. This mission is centered around providing financial security to the agricultural community. The company's primary objective is to ensure that these farmers have protection against potential losses, thereby supporting their livelihoods. While the specifics of the insurance coverages are not detailed in the provided information, it is clear that the company's mission is centered around the farmers and their needs. The company's commitment to low-cost insurance suggests a mission of inclusivity and accessibility, enabling farmers who might otherwise struggle with insurance costs to secure the necessary coverage.
Who is the CEO of Farmers Fire Insurance Co Of Morgan Cou?
Michael Nabors is the President of Farmers Fire Insurance Co Of Morgan Cou.
What is the revenue of Farmers Fire Insurance Co Of Morgan Cou?
Farmers Fire Insurance Co Of Morgan Cou's revenue in 2022 was $28,441.
Who are the executives of Farmers Fire Insurance Co Of Morgan Cou and what are their salaries?
The average compensation at Farmers Fire Insurance Co Of Morgan Cou during 2022 was $8,575. There are 2 employees at Farmers Fire Insurance Co Of Morgan Cou.
Here are 10 key members and their salaries:
- Compensation: $10,800
- Related: $0
- Other: $0
- Compensation: $1,800
- 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
- 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 Farmers Fire Insurance Co Of Morgan Cou?
Farmers Fire Insurance Co Of Morgan Cou's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farmers Fire Insurance Co Of Morgan Cou
Farmers Fire Insurance Co of Morgan Co. is committed to offering affordable insurance solutions to a substantial number of local farmers, approximately 80 in total. Their mission is centered around providing financial protection for this specific agricultural community, ensuring they can continue their operations with peace of mind. By offering low-cost insurance, Farmers Fire Insurance Co of Morgan Co. plays a crucial role in supporting the agricultural sector and safeguarding the livelihoods of the farmers in the area.
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Impact
October, 2024
Farmers Fire Insurance Co. of Morgan County significantly impacts the local agricultural community by offering affordable insurance solutions to approximately 80 farmers. This support helps ensure that farmers can protect their livelihoods against potential losses from unforeseen events, such as fires or natural disasters. By providing low-cost insurance, Farmers Fire Insurance fosters financial stability and sustainability for these farmers, enabling them to focus on their farming practices without the constant worry of financial burden from potential risks. The organization's mutual benefit approach creates a supportive network within the farming community, reinforcing collaboration and resilience among its members. Overall, it plays a crucial role in sustaining the agricultural economy in Madison, GA, and surrounding areas.
This information is meant to be a general summary of Farmers Fire Insurance Co Of Morgan Cou. 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: -$3,855
- Program Service Revenue: $32,296
- Gross Receipts: $28,441
Assets and Liabilities:
- Total Assets: $715,006
- Total Liabilities: $27,444
- Net Assets: $687,562
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessm
Revenue
$32,296
Organization Details
Phone
(706) 342-3848Principal Officer
Michael Nabors
Main Address
PO Box 601, Madison, GA, 30650
NTEE Category
Code: Y20 - Mutual benefit
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