Cokato Mutual Fire Insurance Company

Organization Overview

Cokato Mutual Fire Insurance Company is located in Maple Lake, MN. As of 12/2017, Cokato Mutual Fire Insurance Company employed 2 individuals. Cokato Mutual Fire 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 12/2017, Cokato Mutual Fire Insurance Company generated $341.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $317.8k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2017

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION WRITES FIRE AND ADDITIONAL LINES INSURANCE COVERAGES AND PAYS CLAIMS ON COVERED POLICYHOLDER LOSSES PER IRC SECTION 501(C)(15)

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE HAVE PROVIDED PROPERTY INSURANCE FOR OUR MEMBERS PER SECTION 501(C)(15).NUMBER OF MEMBERS: 609INSURANCE IN FORCE: 286,690,182


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Board, Officers & Key Employees

Name (title)Compensation
Charles Ailie
President
$1,525
Daniel Kyllonen
Secretary
$1,425
Glen Johnson
Treasurer
$900
Joey Berg
Vice President
$825
David Hendrickson
Director
$750
Charles D Mackereth
Director
$600

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$318,764
Investment income $29,943
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$6,916
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $341,791

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