Overview
What is Farmers Mutual Insurance Company Of Giles County?
Farmers Mutual Insurance Company of Giles County is a non-profit organization, primarily serving the residents of Giles County, Tennessee, and its surrounding regions. Established under the Tennessee Insurance Law, its primary function is to provide property insurance coverage, encompassing fire, lightning, extended coverages, theft, and various other permitted categories. The company operates as a mutual fire, lightning, hail, extended coverage, and tornado insurer, aiming to safeguard its members' properties. With a modest workforce of four individuals, the company is committed to ensuring the welfare of its community.
Is Farmers Mutual Insurance Company Of Giles County legitimate?
Farmers Mutual Insurance Company Of Giles County is a legitimate nonprofit organization registered as a 501(c)(15) entity. Farmers Mutual Insurance Company Of Giles County 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: $94,759
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,727
For more financial information, click here
What is the mission statement of Farmers Mutual Insurance Company Of Giles County?
The Farmers Mutual Insurance Company of Giles County was established with the primary objective of providing insurance services to its members. Its mission, as outlined in its formation, is to offer coverage for fire, lightning, extended coverages, theft, property, and other permissible categories for a county mutual insurance company, as per Tennessee Insurance Law. Operating as a non-profit mutual benefit corporation, this company primarily caters to the insurance needs of residents within Giles County, Tennessee, and adjacent areas, writing fire and extended coverage insurance as a mutual fire, lightning, hail, extended coverage, and tornado company.
Who is the CEO of Farmers Mutual Insurance Company Of Giles County?
Janie Wilburn is the Secretary/Treasurer of Farmers Mutual Insurance Company Of Giles County.
What is the revenue of Farmers Mutual Insurance Company Of Giles County?
Farmers Mutual Insurance Company Of Giles County's revenue in 2022 was $317,483.
Who are the executives of Farmers Mutual Insurance Company Of Giles County and what are their salaries?
The average compensation at Farmers Mutual Insurance Company Of Giles County during 2022 was $28,372. There are 4 employees at Farmers Mutual Insurance Company Of Giles County.
Here are 6 key members and their salaries:
- Compensation: $27,897
- Related: $0
- Other: $0
- Compensation: $6,261
- Related: $0
- Other: $0
- Compensation: $1,409
- Related: $0
- Other: $0
- Compensation: $1,409
- Related: $0
- Other: $0
- Compensation: $1,409
- Related: $0
- Other: $0
- Compensation: $55,904
- Related: $0
- Other: $0
Where can I find the form 990 for Farmers Mutual Insurance Company Of Giles County?
Farmers Mutual Insurance Company Of Giles County's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farmers Mutual Insurance Company Of Giles County
Farmers Mutual Insurance Company of Giles County, established with a non-profit mission, offers property insurance to its members within Giles County, Tennessee, and adjacent areas. The company was founded with the primary objective of providing insurance coverage for its members, while also reinsuring and accepting reinsurance for various perils such as fire, lightning, extended coverages, theft, property, and other permitted categories for a county mutual insurance company by Tennessee insurance law. This mutual benefit corporation operates as a fire and extended coverage insurance company, primarily catering to the residents of Giles County, Tennessee, and its surrounding areas in the state. The company's primary focus is on providing fire and extended coverage insurance, with the aim of safeguarding the properties of its members.
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Impact
October, 2024
Farmers Mutual Insurance Company of Giles County plays a vital role in ensuring financial stability and protection for property owners in Giles County, Tennessee, and the surrounding areas. By providing specialized property insurance, including coverage for fire, lightning, hail, and tornadoes, the company offers essential support to its members during times of crisis, helping them recover from potential losses.
The company's focus on local residents fosters a sense of community, as it operates with the mission of serving its members rather than profit-making motives. This localized approach enables better understanding of the specific needs and risks faced by policyholders in the area. Additionally, Farmers Mutual Insurance actively works to reinstate safety and security within the community, ensuring that residents have access to reliable insurance options tailored to their circumstances.
Through its operations, Farmers Mutual Insurance Company contributes significantly to the economic well-being of Giles County by promoting property values and encouraging wise investment in local real estate. Its commitment to protecting the interests of its members not only enhances individual resilience but also strengthens the broader community fabric, making Giles County a safer place to live and thrive.
This information is meant to be a general summary of Farmers Mutual Insurance Company Of Giles County. 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: $20,090
- Program Service Revenue: $252,544
- Gross Receipts: $317,483
Assets and Liabilities:
- Total Assets: $1,106,782
- Total Liabilities: $263,024
- Net Assets: $843,758
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
POLICY PREMIUMS
Revenue
$252,544
Organization Details
Founding Year
1900
Phone
(931) 363-1322Principal Officer
Janie Wilburn
Main Address
PO BOX 732, PULASKI, TN, 38478
NTEE Category
Code: Y20 - Mutual benefit
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