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EIN 41-0502642

Rice County Mutual Insurance Company

IRS 501(c) type
501(c)(15)
Num. employees
1
City
Faribault
State
Minnesota
Year formed
1895
Most recent tax filings
2023-12-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
Rice County Mutual Insurance Company writes fire and additional lines insurance coverages and pays claims on covered policyholder losses per IRC Section 501(c)(15). The Company provides these services to policyholders/members and has 500 members with insurance in force totaling $263,403,270.
Total revenues
$461,744
2023
Total expenses
$404,430
2023
Total assets
$4,546,259
2023
Num. employees
1
2023

Program areas at Rice County Mutual Insurance Company

We have provided property Insurance for our members per section 501(c)(15) number of members: 319 Insurance in force: 292,412,439

Personnel at Rice County Mutual Insurance Company

NameTitleCompensation
Howard SchoenfeldPresident$1,950
Robert HeinePrior Secretary / Secretary / Director$625
Ronald MaasVice President$1,100
Robin HerrleyTreasurer$55,548
Daniel PumperSecretary$0
...and 3 more key personnel

Financials for Rice County Mutual Insurance Company

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$341,847
Investment income and dividends$32,580
Tax-exempt bond proceeds$86,869
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$448
Total revenues$461,744

Form 990s for Rice County Mutual Insurance Company

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-10990View PDF
2022-122023-04-26990View PDF
2021-122022-03-17990View PDF
2020-122021-08-11990View PDF
2019-122020-09-09990View PDF
...and 9 more Form 990s

Organizations like Rice County Mutual Insurance Company

OrganizationLocationRevenue
Wheatland Mutual Insurance AssociationWheatland, IA$571,792
Johnson County Mutual Fire Insurance CompanyMountain City, TN$440,489
Mclean County Mutual InsuranceNormal, IL$694,922
Cokato Mutual Fire Insurance CompanyMaple Lake, MN$341,791
Farmers Mutual Ins of Daviess CtymoGallatin, MO$378,110
Farmers Mutual Insurance Association of Burnet CountyBurnet, TX$349,204
German Farmers Mutual Fire InsuranceScandia, MN$296,311
Yorkville and MT Pleasant Mutual InsUnion Grove, WI$584,186
Stephenson County Mutual InsuranceRock City, IL$431,562
White Farmers Mutual Fire InsSparta, TN$292,901
Data update history
July 15, 2024
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 1 new personnel
October 13, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
23 3rd St NW
Faribault, MN 55021
County
Rice County, MN
Phone
(507) 334-8145
IRS details
EIN
41-0502642
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1895
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Independent
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