Big Sky Farm Mutual Insurance Company

Organization Overview

Big Sky Farm Mutual Insurance Company is located in Bozeman, MT. The organization was established in 1938. 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, Big Sky Farm Mutual Insurance Company employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Sky Farm 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, Big Sky Farm Mutual Insurance Company generated $474.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $389.1k during the year ending 12/2021. While expenses have increased by 6.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE PROPERTY AND CASUALTY INSURANCE TO FARM AND RANCH BUSINESSES

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE PROVIDED AFFORDABLE PROPERTY AND CASUALTY INSURANCE COVERAGE TO HOME, RENTAL, FARM, AND RANCH OWNERS, AND INCREASED THE POLICYHOLDERS SURPLUS.


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Board, Officers & Key Employees

Name (title)Compensation
Danika Quenemoen
Secretary/manager
$78,992
Naomi Wold
Treasurer
$16,319
Ken Lind
Director
$1,018
Tim Morris
Director
$505
Robert Queen
President
$500
Sid Kamps
Vice President
$400

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$445,620
Investment income $29,012
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 $474,632

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