Bohemian Farmers Mutual Insurance Co Of Bon Homme County S Dak
- Assets
- $1.2m
- Revenue
- $567.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Tabor, SD
- Founding
- 11/1944
- Data as of
- 12/2017
- EIN
- 46-0211036
Organization Overview
Bohemian Farmers Mutual Insurance Co Of Bon Homme County S Dak is located in Tabor, SD. The organization was established in 1944. 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. Bohemian Farmers Mutual Insurance Co Of Bon Homme County S Dak 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, Bohemian Farmers Mutual Insurance Co Of Bon Homme County S Dak generated $567.6k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $604.0k during the year ending 12/2017. While expenses have increased by 15.9% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LIABILITY & PROPERTY INSURANCE FOR MEMBERS AT COST
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INSURANCE AT COST FOR 232 MEMBERS
PROVIDE INSURANCE AT COST FOR 232 MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Cahoy President | OfficerTrustee | 4 | $830 |
Tom Sedlacek Director | Trustee | 1 | $260 |
Gary Kronaizl Director | Trustee | 1 | $260 |
Austin Koch Director | Trustee | 1 | $260 |
Kevin Cuka Director | Trustee | 1 | $260 |
Lumir Ruman Director | Trustee | 1 | $260 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $6,563 |
| 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 | $567,635 |
| Statement of Expenses | |
|---|---|
| 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. | $3,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,883 |
| Pension plan accruals and contributions | $1,097 |
| Other employee benefits | $0 |
| Payroll taxes | $2,454 |
| Fees for services: Management | $112,401 |
| Fees for services: Legal | $4,026 |
| Fees for services: Accounting | $838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $484 |
| Office expenses | $5,198 |
| Information technology | $3,003 |
| Royalties | $0 |
| Occupancy | $3,009 |
| Travel | $506 |
| 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 | $6,147 |
| All other expenses | $0 |
| Total functional expenses | $603,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,284 |
| Savings and temporary cash investments | $1,089,835 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,203,119 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,203,119 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
York County Farmers Mutual Insurance Company York, NE | $1,040,452 | $4,898,000 |
South Washington County Schools Hra Trust Cottage Grove, MN | $15,384,332 | $5,491,152 |
Captive Insurance Companies Association Inc St Louis Park, MN | $1,768,950 | $1,288,661 |
Sumter Mutual Insurance Company Silver Lake, MN | $3,106,745 | $594,410 |
Bohemian Farmers Mutual Insurance Co Of Bon Homme County S Dak Tabor, SD | $1,203,119 | $567,635 |
Physicians Mutual Insurance Company Foundation Omaha, NE | $5,431,520 | $2,485,558 |
Polk & Butler Mutual Insurance Company Osceola, NE | $1,028,868 | $493,578 |
Mutual Insurance Company Of Saline And Seward Counties Crete, NE | $1,972,418 | $463,258 |
Chisago Lakes Mutual Insurance Company Scandia, MN | $3,127,670 | $529,978 |
Minnesota Association Of Farm Mutual Insurance Companies Inc St Joseph, MN | $1,437,367 | $573,601 |
Moe Urness Lund Mutual Insurance Co Brandon, MN | $2,924,392 | $531,655 |
Leon Mutual Insurance Co Cannon Falls, MN | $1,056,576 | $359,640 |