Overview
What is Citizens Mutual Insurance Company Of Lincoln County Tennessee?
Citizens Mutual Insurance Company of Lincoln County Tennessee is a nonprofit organization, specifically a mutual insurance company, located in Fayetteville, Tennessee. With a relatively small workforce of six individuals, this company offers low-cost insurance coverage for fire, lightning, hail, tornado, and extended perils to its members on a specified value basis. The company incurs direct loss, adjustment expenses, reinsurance, and related servicing costs in providing this coverage to its members.
Is Citizens Mutual Insurance Company Of Lincoln County Tennessee legitimate?
Citizens Mutual Insurance Company Of Lincoln County Tennessee is a legitimate nonprofit organization registered as a 501(c)(15) entity. Citizens Mutual Insurance Company Of Lincoln County Tennessee 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: $15,846
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,391
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What is the mission statement of Citizens Mutual Insurance Company Of Lincoln County Tennessee?
The Citizens Mutual Insurance Company of Lincoln County Tennessee is dedicated to providing its members with affordable insurance coverage against fire, lightning, hail, tornadoes, and extended perils on a specified value basis. The company's mission is to offer direct loss, adjusting expenses, reinsurance, and related servicing expenses to its members. The company's main objective is to ensure that its members are protected against these natural disasters and other unexpected events, providing them with peace of mind.
Who is the CEO of Citizens Mutual Insurance Company Of Lincoln County Tennessee?
David Bagley is the Director of Citizens Mutual Insurance Company Of Lincoln County Tennessee.
What is the revenue of Citizens Mutual Insurance Company Of Lincoln County Tennessee?
Citizens Mutual Insurance Company Of Lincoln County Tennessee's revenue in 2022 was $231,290.
Who are the executives of Citizens Mutual Insurance Company Of Lincoln County Tennessee and what are their salaries?
The average compensation at Citizens Mutual Insurance Company Of Lincoln County Tennessee during 2022 was $7,206. There are 6 employees at Citizens Mutual Insurance Company Of Lincoln County Tennessee.
Here are 6 key members and their salaries:
- Compensation: $2,360
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $3,260
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $5,366
- Related: $0
- Other: $0
- Compensation: $2,360
- Related: $0
- Other: $0
Where can I find the form 990 for Citizens Mutual Insurance Company Of Lincoln County Tennessee?
Citizens Mutual Insurance Company Of Lincoln County Tennessee's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Citizens Mutual Insurance Company Of Lincoln County Tennessee
Citizens Mutual Insurance Company of Lincoln County Tennessee is committed to providing its members with affordable insurance coverage against various natural disasters such as fire, lightning, hail, tornadoes, and extended perils. The company operates on a specified value basis, ensuring that its members receive cost-effective insurance protection. The company's activities involve direct loss payments, adjusting expenses, reinsurance payouts, and related servicing costs to provide mutual insurance coverage to its members. The company's mission is to safeguard its members' interests by offering them reliable and affordable insurance coverage, thereby providing them with peace of mind in the face of potential calamities.
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Impact
October, 2024
Citizens Mutual Insurance Company of Lincoln County, Tennessee, plays a vital role in providing essential insurance coverage to its members. By offering low-cost fire, lightning, hail, tornado, and extended coverage insurance, the company ensures that individuals and families can protect their properties against various risks. This financial safety net contributes significantly to the stability of the local community, allowing members to recover more swiftly from losses and maintain their livelihoods.
Additionally, the company focuses on specified value-based coverage, which enhances transparency and trust among members, helping them understand the exact value of their insured assets. The direct loss coverage and related servicing expenses reflect the company's commitment to supporting its members in times of need. As a mutual insurance organization, it fosters a sense of community and collective responsibility, where members benefit from each other's support and resources.
Overall, Citizens Mutual Insurance Company enhances the resilience of the Fayetteville community, ensuring that members have reliable access to affordable insurance options that protect their homes and investments against unforeseen events.
This information is meant to be a general summary of Citizens Mutual Insurance Company Of Lincoln County Tennessee. 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: $2,223
- Program Service Revenue: $229,067
- Gross Receipts: $231,290
Assets and Liabilities:
- Total Assets: $515,607
- Total Liabilities: $0
- Net Assets: $515,607
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$229,067
Organization Details
Founding Year
1932
Phone
(931) 433-5115Principal Officer
David Bagley
Main Address
PO BOX 469, FAYETTEVILLE, TN, 37334
NTEE Category
Code: Y20 - Mutual benefit
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