Ever-Greene Mutual Insurance Company
- Assets
- $7.1m
- Revenue
- $546.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Everett, PA
- Founding
- 02/1945
- Data as of
- 12/2021
- EIN
- 25-1071929
Organization Overview
Ever-Greene Mutual Insurance Company is located in Everett, PA. The organization was established in 1945. According to its NTEE Classification (Y23) the organization is classified as: Mutual Insurance Companies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ever-Greene Mutual Insurance Company is a 501(c)(15) and as such, is described as a "Mutual Insurance Company or Association" by the IRS.
For the year ending 12/2021, Ever-Greene Mutual Insurance Company generated $546.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $236.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE VARIOUS PROPERTY AND CASUALTY INSURANCE COVERAGES TO ITS POLICYHOLDERS AT AFFORDABLE PRICING LEVELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSURANCE COVERAGE AS PERMITTED UNDER IRC SECTION 501(C)(15)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick J Sharbaugh Director | Trustee | 0.5 | $1,400 |
Mark N Barnhart Director | Trustee | 0.5 | $1,400 |
Kenneth C Stover Director | Trustee | 0.5 | $1,400 |
Jeffrey S Whetstone Director | Trustee | 0.5 | $1,400 |
Scott H Spencer Director | Trustee | 0.5 | $1,400 |
Larry R Webber Director | Trustee | 0.5 | $1,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $400,000 |
| Investment income | $146,482 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $546,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $127,948 |
| Compensation of current officers, directors, key employees. | $15,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,985 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $235,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $601,434 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,793 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,459,754 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,044 |
| Total assets | $7,108,025 |
| Accounts payable and accrued expenses | $4,700 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,629 |
| Total liabilities | $42,329 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,065,696 |
| Total liabilities and net assets/fund balances | $7,108,025 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medical And Dental Benefits Trust For Employees Of Metlife New York, NY | $16,430,630 | $451,557 |
Pennsylvania Association Of Mutual Insurance Companies Mechanicsburg, PA | $1,129,238 | $917,645 |
Welfare Benefits Tr For Collectively Bargained Retired Emp New York, NY | $45,866,049 | $1,142,472 |
West Branch Mutual Insurance Company Muncy, PA | $1,476,469 | $519,174 |
Cherry Valley Cooperative Insurance Company Williamsville, NY | $1,734,430 | $304,985 |
Pymatuning Mutual Insurance Company Mercer, PA | $2,962,321 | $119,719 |
Ever-Greene Mutual Insurance Company Everett, PA | $7,108,025 | $546,482 |
West & Knox Mutual Insurance Co Carrollton, OH | $1,246,227 | $283,342 |
Sterling Insurance Cooperative Inc Cobleskill, NY | $265,146 | $309 |
Seaway Mutual Insurance Company Erie, PA | $2,096,806 | $73,986 |
Cambria County Mutual Ins Co Patton, PA | $345,886 | $71,524 |