Washington Town Mutual Insurance Company

Organization Overview

Washington Town Mutual Insurance Company is located in Washington Island, WI. The organization was established in 1939. 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. As of 12/2021, Washington Town Mutual Insurance Company employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Town 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, Washington Town Mutual Insurance Company generated $263.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $236.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE MEMBERS WITH PROPERTY CASUALTY INSURANCE COVERAGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES OF MUTUAL INSURANCE COMPANY PROVIDING PROPERTY AND CASUALTY BENEFITS TO ITS POLICYHOLDERS.


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Board, Officers & Key Employees

Name (title)Compensation
Marjorie Bjarnarson
Treasurer/manager
$51,151
Thomas Koyen
Vice President
$1,495
Ivan Johnson
President
$1,330
Marlene Mann
Secretary
$1,040
Bill Jorgenson
Director
$1,005
Wayne Boshka
Director
$820

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$209,452
Investment income $34,649
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $19,210
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $263,485

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