Pulaski & Giles Mutual Insurance
- Assets
- $2.3m
- Revenue
- $354.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Martinsburg, WV
- Founding
- 07/1988
- Data as of
- 12/2023
- EIN
- 54-0348074
Organization Overview
Pulaski & Giles Mutual Insurance is located in Martinsburg, WV. The organization was established in 1988. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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. Pulaski & Giles Mutual Insurance is a 501(c)(15) and as such, is described as a "Mutual Insurance Company or Association" by the IRS.
For the year ending 12/2023, Pulaski & Giles Mutual Insurance generated $354.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $314.8k during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MUTUAL PROPERTY AND CASUALTY INSURANCE COMPANY OPERATING IN THE STATE OF VIRGINIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A MUTUAL INSURANCE COMPANY. THE ONLY ACTIVITY OF THIS ORGANIZATION IS TO PROVIDE PROPERTY AND CASUALTY INSURANCE COVERAGE FOR THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle W Delung Director/secretary | OfficerTrustee | 0 | $2,500 |
Jason B Buckland Director | Trustee | 0 | $2,000 |
Foster L Sirbaugh Jr Director/president | OfficerTrustee | 0 | $0 |
Daniel R Otto Director/vice President,treasurer | OfficerTrustee | 1 | $0 |
James P Whitacre Director | Trustee | 0 | $0 |
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 | $308,782 |
| Investment income | $45,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$645 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $354,766 |
| 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 | $59,168 |
| Compensation of current officers, directors, key employees. | $4,500 |
| 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 | $27,973 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $1,469 |
| Information technology | $31,810 |
| Royalties | $0 |
| Occupancy | $1,941 |
| Travel | $455 |
| 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 | $968 |
| All other expenses | $2,736 |
| Total functional expenses | $314,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $288,180 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,570 |
| 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 | $1,966,944 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,288,694 |
| Accounts payable and accrued expenses | $6,633 |
| Grants payable | $0 |
| Deferred revenue | $191,605 |
| 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 | $32,000 |
| Total liabilities | $230,238 |
| 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 | $2,058,456 |
| Total liabilities and net assets/fund balances | $2,288,694 |