2024-05-14T10:15:55-04:00 2023-12-31 420245990 GRINNELL MUTUAL REINSURANCE COMPANY 4215 HIGHWAY 146 GRINNELL IA 501128110 990 2023-01-01 430266040 CLARK MUTUAL INSURANCE COMPANY CLAR 6607272177 PO BOX 3 KAHOKA MO 63445 AMANDA ROSS SEC/TREAS/DIR/AGENT 6607272177 2024-05-14 true AMANDA ROSS 999009999 true SHANNON L RENZE P01980235 8003622041 2024-05-14 2023 2023-04-26 12:10:37Z AMANDA ROSS 108 N WASHINGTON ST KAHOKA MO 63445 442578 false X X 1881 MO PROPERTY INSURANCE 7 6 3 0 0 345826 389641 33962 46521 4862 6416 384650 442578 0 0 132470 158745 0 0 141387 375011 273857 533756 110793 -91178 1950137 1917549 209187 279827 1740950 1637722 X TO PROVIDE INSURANCE FOR OUR CUSTOMERS ON FARM PROPERTY AND RESIDENTIAL PROPERTY AT A COMPETITIVE PRICE AND TO PROVIDE SUPERIOR CUSTOMER SERVICE IN ALL ASPECTS OF BUSINESS UNDERWRITING, CLAIM AND POLICY ISSUANCE. false false TO PROVIDE INSURANCE FOR OUR CUSTOMERS ON FARM PROPERTY AND RESIDENTIAL PROPERTY AT A COMPETITIVE PRICE AND TO PROVIDE SUPERIOR CUSTOMER SERVICE IN ALL ASPECTS OF BUSINESS UNDERWRITING, CLAIM AND POLICY ISSUANCE. TO PROVIDE INSURANCE FOR OUR CUSTOMERS ON FARM PROPERTY AND RESIDENTIAL PROPERTY AT A COMPETITIVE PRICE AND TO PROVIDE SUPERIOR CUSTOMER SERVICE IN ALL ASPECTS OF BUSINESS UNDERWRITING, CLAIM AND POLICY ISSUANCE. false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 3 true false false false false false false false false X 7 6 true false false false true true false true true false false true true true true false false false false false X AMANDA ROSS 6607272177 108 N WASHINGTON ST KAHOKA MO 63445 AMANDA ROSS SEC/TREAS/DI 40.00 X X 9400 0 80946 LEE SUTER PRESIDENT X X 400 0 0 KAREN ARNOLD DIRECTOR X 350 0 0 GILBERT KATTELMANN DIRECTOR X 300 0 0 CURTIS MACK DIRECTOR X 300 0 0 EDWIN RINEY DIRECTOR X 300 0 0 JOHN D HUFFMAN VP/ASST SEC- X X 250 0 0 11300 80946 false false false PREMIUM REVENUE 442142 442142 CHANGE IN UNEARNED PREMIUM -52501 -52501 389641 46521 46521 COOPERATIVE AGREEMENT INCOME 6416 6416 6416 442578 442578 92246 92246 40912 40912 21635 21635 3952 3952 7000 7000 2304 2304 2667 2667 5617 5617 2349 2349 9100 9100 NET LOSSES 224750 224750 REINSURANCE 104776 104776 LOSS ADJUSTING EXPENSES 6465 6465 BOARDS & BUREAUS 5367 5367 4616 4616 533756 533756 0 0 152593 94660 1602769 1550000 158350 96131 27458 62219 160688 171511 6629 39159 1950137 1917549 4812 5216 194580 243430 9795 31181 209187 279827 X 1740950 1637722 1740950 1637722 1950137 1917549 X -91178 -12050 X false false 8500 8500 134581 82722 51859 8398 6538 1860 6871 6871 62219 ACCRUED REINSURANCE PREMIUMS 27602 PREMIUMS COLLECTED FOR OTHERS 2613 UNPAID ADJUSTING EXPENSES 965 ROUNDING 1 31181 FORM 990 FOR TAX YEARS BEGINNING AFTER DECEMBER 31, 1986 EXEMPTION IS GRANTED UNDER 501(C) (15) TO MUTUAL INSURANCE COMPANIES OR ASSOCIATIONS OTHER THAN LIFE, IF ITS GROSS RECEIPTS FOR THE YEAR DO NOT EXCEED 600,000, AND THE PREMIUMS FOR THE YEAR TOTAL MORE THAN 50% OF THE ORGANIZATION'S GROSS RECEIPTS. CLARK MUTUAL INSURANCE COMPANY IS EXEMPT UNDER SECTION 501(C) (15) DUE TO MEETING BOTH REQUIREMENTS. SCHEDULE OF GROSS RECEIPTS FOR FILING REQUIREMENTS: 337,802 TOTAL INCOME PER ANNUAL STATEMENT 52,501 CHANGE IN UNEARNED PREMIUM RESERVE 104,776 AGGREGATE EXCESS REINSURANCE PREMIUMS PAID 495,079 TOTAL GROSS RECEIPTS SINCE < 600,000 ENTITY IS TAX-EXEMPT UNDER 501 (C) (15) RECONCILIATION OF NET INCOME PER ANNUAL STATEMENT VS NET INCOME PER 990: (90,865) ANNUAL STATEMENT (313) BOOK TO TAX DEPR DIFFERENCE (91,178) FORM 990 - PART I, LINE 19 - REVENUE LESS EXPENSES FORM 990, PAGE 2, PART III, LINE 4D TO PROVIDE INSURANCE FOR OUR CUSTOMERS ON FARM PROPERTY AND RESIDENTIAL PROPERTY AT A COMPETITIVE PRICE AND TO PROVIDE SUPERIOR CUSTOMER SERVICE IN ALL ASPECTS OF BUSINESS UNDERWRITING, CLAIM AND POLICY ISSUANCE. FORM 990, PAGE 6, PART VI, LINE 2 DEBBIE SUTER OFFICE SEC. LEE SUTER'S, DIRECTOR, WIFE KAREN ARNOLD DIRECTOR AMANDA ROSS' ACCOUNTANT FORM 990, PAGE 6, PART VI, LINE 6 CLARK MUTUAL'S POLICYHOLDERS ARE THE OWNERS OF THE MUTUAL, REPRESENTED BY A SEVEN PERSON BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7A THE SEVEN MEMBER BOARD OF DIRECTORS ARE ELECTED TO A TERM OF 3 YEARS. FORM 990, PAGE 6, PART VI, LINE 11B CLARK MUTUAL'S FORM 990 IS REVIEWED BY MANAGEMENT AND DISCUSSED IN A BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C STATEMENTS ARE SIGNED BY ALL DIRECTORS ANNUALLY. ANY DIRECTOR WITH A CONFLICT ABSTAINS FROM DISCUSSING AND VOTING ON THE RELATED ISSUE. FORM 990, PAGE 6, PART VI, LINE 19 EACH POLICYHOLDER GETS A COPY OF THE ARTICLES AND BYLAWS. THE CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE 313 CHG IN NL/NA ASSETS 4,547 INCREASE IN LEDGER LIABILITIES -16,910 TOTAL -12,050