Caledonia Mutual Fire Insurance Co
- Assets
- $814.6k
- Revenue
- $227.0k
- Investments
- $36.4k
- Employees
- 3
- Location
- Portage, WI
- Founding
- 11/1944
- Data as of
- 12/2021
- EIN
- 39-1031970
Organization Overview
Caledonia Mutual Fire Insurance Co is located in Portage, WI. The organization was established in 1944. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Caledonia Mutual Fire Insurance Co employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caledonia Mutual Fire Insurance Co 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, Caledonia Mutual Fire Insurance Co generated $227.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $247.8k during the year ending 12/2021. While expenses have increased by 19.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
INSURANCE COMPANY PROVIDING AFFORDABLE PROPERTY AND CASUALTY COVERAGE TO LOCAL POLICYHOLDERS, WHILE MAINTAINING MINIMAL GROSS PROFITS AND GROSS RECEIPTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES OF MUTUAL INSURANCE COMPANY PROVIDING PROPERTY AND CASUALTY BENEFITS TO ITS POLICYHOLDERS. AS OF 12/31/2021, THERE WERE 126 POLICIES IN FORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Ziehmke Manager | Officer | 2 | $5,275 |
Jeff Miller Secretary/treasurer | OfficerTrustee | 1 | $2,015 |
David Ziehmke President | OfficerTrustee | 0.7 | $1,884 |
Alvin Schultz Director | Trustee | 0.1 | $325 |
Mike Mountford Director | Trustee | 0.1 | $325 |
Robert Allen Director | Trustee | 0.1 | $325 |
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 | $212,502 |
| Investment income | $13,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,984 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $10,999 |
| 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 | $566 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $54 |
| Office expenses | $1,748 |
| 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 | $373 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,696 |
| All other expenses | $11,175 |
| Total functional expenses | $247,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,886 |
| Savings and temporary cash investments | $368,933 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $377,285 |
| Investments—other securities | $36,375 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,131 |
| Total assets | $814,610 |
| Accounts payable and accrued expenses | $0 |
| 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 | $44,036 |
| Total liabilities | $44,036 |
| 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 | $770,574 |
| Total liabilities and net assets/fund balances | $814,610 |
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