Overview
What is Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties?
Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties is a nonprofit organization situated in Comfort, Texas. With a focus on providing essential insurance services, it offers coverage for fire, theft, content, and extended risks to its rural members residing in Kendall and Kerr counties. The organization's mission is to provide affordable insurance solutions that many members might not be able to access otherwise. It generates revenue through premiums paid by its members and revenue contracts for reported losses, while managing expenses such as indemnity expenses and reinsurance policy premiums. The organization employs a small team of four individuals, ensuring it remains dedicated to serving its community effectively.
Is Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties legitimate?
Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties is a legitimate nonprofit organization registered as a 501(c)(15) entity. Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties 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: $40,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties?
The Farmers Mutual Fire & Aid Assoc of Kendall and Kerr Counties aims to offer reasonably priced fire, theft, content, and extended insurance coverage to its rural members. This association plays a crucial role in ensuring that these members can secure adequate insurance protection, which might not be possible otherwise. The organization's activities primarily revolve around providing insurance services, with revenue coming from premiums paid by members and indemnity expenses covered by reinsurance policy premiums. By offering affordable insurance coverage, the organization helps protect its members from potential losses due to unfortunate events.
Who is the CEO of Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties?
Keith Marquardt is the President of Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties.
What is the revenue of Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties?
Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties's revenue in 2023 was $194,426.
Who are the executives of Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties and what are their salaries?
The average compensation at Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties during 2023 was $10,225. There are 4 employees at Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties.
Here are 9 key members and their salaries:
- Compensation: $18,000
- Related: $0
- Other: $100
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $4,200
- Related: $0
- Other: $100
- Compensation: $0
- Related: $0
- Other: $100
- Compensation: $0
- Related: $0
- Other: $100
- Compensation: $0
- Related: $0
- Other: $100
- Compensation: $0
- Related: $0
- Other: $100
- Compensation: $0
- Related: $0
- Other: $100
Where can I find the form 990 for Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties?
Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties
Farmers Mutual Fire & Aid Assoc of Kendall and Kerr Counties is an organization dedicated to providing affordable insurance coverage for rural members in Texas. Their mission lies in offering reasonable priced protection against fire, theft, content, and extended risks. Without their services, many Association members might struggle to secure sufficient insurance coverage, thereby safeguarding their properties and assets. The organization's primary role is to ensure that its members are shielded from potential financial losses due to these threats, thereby providing them with peace of mind. Their mission is crucial in maintaining the financial stability of their members, who might otherwise face significant financial difficulties in the absence of adequate insurance coverage.
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Impact
October, 2024
Farmers Mutual Fire & Aid Association of Kendall and Kerr Counties plays a crucial role in enhancing the financial security of rural residents in Texas. By offering reasonably priced insurance coverage for fire, theft, content, and extended protection, the organization addresses a significant gap in affordable insurance options for its members.
In an area where many individuals may struggle to secure adequate coverage, the Association empowers its members by providing essential financial protection against unexpected losses. This support not only safeguards personal properties but also fosters a sense of community resilience.
By successfully managing premiums and strategic reinsurance arrangements, the Association ensures its sustainability, which in turn continues to serve the needs of Kendall and Kerr County residents. This creates an essential safety net, allowing members to invest in their livelihoods and properties with greater confidence, knowing they have the support of a dedicated insurance provider.
Overall, the impact of Farmers Mutual Fire & Aid Association of Kendall and Kerr Counties is significant, as it directly contributes to the stability and security of its rural community.
This information is meant to be a general summary of Farmers Mutual Fire & Aid Assoc Of Kendall And Kerr Counties. 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 2023.
- Investment Income: $7,466
- Program Service Revenue: $186,960
- Gross Receipts: $194,426
Assets and Liabilities:
- Total Assets: $1,130,372
- Total Liabilities: $111,707
- Net Assets: $1,018,665
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Reinsurance Recoverables
Revenue
$36,879
Member Dues/Premiums
Revenue
$150,081
Organization Details
Founding Year
1913
Phone
(830) 995-3578Principal Officer
Keith Marquardt
Main Address
PO Box 736, COMFORT, TX, 78013
NTEE Category
Code: Y20 - Mutual benefit
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