Richland Farm Mutual Insurance Company
- Assets
- $416.4k
- Revenue
- $582.0
- Investments
- $0.0
- Employees
- 5
- Location
- Sidney, MT
- Founding
- 12/1935
- Data as of
- 12/2016
- EIN
- 81-0174130
Organization Overview
Richland Farm Mutual Insurance Company is located in Sidney, MT. The organization was established in 1935. 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 12/2016, Richland 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. Richland 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 12/2016, Richland Farm Mutual Insurance Company generated $582.0 in total revenue. All expenses for the organization totaled $114.4k during the year ending 12/2016.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION IS MUTUAL FARM INSURANCE COMPANY AND INCOME EARNED PROVIDES COVERAGE FOR LOSSES AND EXPENSES OF POLICY HOLDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
ORGANIZATION IS MUTUAL FARM INSURANCE COMPANY AND INCOME EARNED PROVIDES COVERAGE FOR LOSSES AND EXPENSES OF POLICY HOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Kilen Vice Pres | Officer | $0 | |
Becky Reidle Secretary | Officer | $0 | |
David Reidle Treasurer | Officer | $0 | |
James Buckley President | Officer | $0 | |
Dwight Thiessen Director | Trustee | $0 | |
Charles Prevost Director | Trustee | $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 | $0 |
| Investment income | $207 |
| 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 | $582 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,551 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,802 |
| Fees for services: Management | $5,335 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,713 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $358 |
| Office expenses | $776 |
| Information technology | $7,150 |
| Royalties | $0 |
| Occupancy | $10,799 |
| Travel | $616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $232 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,615 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $114,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,345 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,993 |
| 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 | $4,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,182 |
| Total assets | $416,371 |
| Accounts payable and accrued expenses | $699 |
| 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 | $83,599 |
| Total liabilities | $84,298 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $332,073 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bohemian Farmers Mutual Insurance Co Of Bon Homme County S Dak Tabor, SD | $1,203,119 | $567,635 |
Big Sky Farm Mutual Insurance Company Bozeman, MT | $3,055,802 | $474,632 |
Home Mutual Insurance Company Of Richland Co Wahpeton, ND | $2,035,833 | $423,816 |
Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd Langford, SD | $1,205,884 | $291,951 |
Nez Perce Farmers County Mutual Fire Ins Co Kendrick, ID | $354,081 | $0 |
Richland Farm Mutual Insurance Company Sidney, MT | $416,371 | $582 |