Overview
What is Farmers Mutual Fire Insurance Company?
Farmers Mutual Fire Insurance Company is a nonprofit organization situated in Verona, Kentucky. Their primary focus is to offer comprehensive insurance coverage for homes, farms, and businesses, including liability protection. By serving as a mutual entity, they provide insurance services to their members, ensuring their properties and liabilities are safeguarded. This organization is dedicated to protecting its members' assets, thereby promoting peace of mind and financial security.
Is Farmers Mutual Fire Insurance Company legitimate?
Farmers Mutual Fire Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. Farmers Mutual Fire Insurance Company 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: $83,640
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,310
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What is the mission statement of Farmers Mutual Fire Insurance Company?
Farmers Mutual Fire Insurance Company is dedicated to providing comprehensive coverage for homes, farms, businesses, and liabilities to its members. Their mission is centered around ensuring the protection of their members' assets, providing peace of mind in the event of unforeseen incidents. By offering insurance solutions tailored to their members' needs, Farmers Mutual Fire Insurance Company aims to safeguard their financial well-being and secure their future. The company's primary objective is to build a strong relationship of trust with its members, providing them with reliable and dependable insurance services.
Who is the CEO of Farmers Mutual Fire Insurance Company?
Melinda Danner is the President of Farmers Mutual Fire Insurance Company.
What is the revenue of Farmers Mutual Fire Insurance Company?
Farmers Mutual Fire Insurance Company's revenue in 2022 was $588,889.
Who are the executives of Farmers Mutual Fire Insurance Company and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Farmers Mutual Fire Insurance Company?
Farmers Mutual Fire Insurance Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farmers Mutual Fire Insurance Company
Farmers Mutual Fire Insurance Company is dedicated to providing vital insurance coverage for its members. Their mission, as stated, encompasses offering home, farm, business property, and liability protection to these individuals. By doing so, the company aims to safeguard the assets and well-being of its members, providing them with a sense of security and peace of mind. In essence, Farmers Mutual Fire Insurance Company serves as a shield, protecting its members from potential financial losses due to various unforeseen circumstances.
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Impact
October, 2024
Farmers Mutual Fire Insurance Company significantly impacts the communities it serves by offering essential insurance coverage for homes, farms, and businesses. By providing liability protection and property insurance, the company helps members safeguard their assets against unforeseen events, fostering financial stability and peace of mind. Located in Verona, Kentucky, the organization focuses on mutual benefit, ensuring that the needs of the community are met through tailored insurance solutions. Their commitment to serving members strengthens local economies and enhances resilience within the community, enabling families and businesses to thrive despite potential risks.
This information is meant to be a general summary of Farmers Mutual Fire Insurance Company. 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: $4,653
- Program Service Revenue: $584,236
- Gross Receipts: $588,889
Assets and Liabilities:
- Total Assets: $266,838
- Total Liabilities: $5,045
- Net Assets: $261,793
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Gross Premiums
Revenue
$584,236
Organization Details
Founding Year
1878
Phone
(859) 485-7725Principal Officer
Melinda Danner
Main Address
PO Box 88, Verona, KY, 41092
NTEE Category
Code: Y20 - Mutual benefit
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