Nonprofit · EIN 59-2874344
MACHINERY INSURANCE EXCHANGE 219 NEWNAN ST
Tax-exempt · JACKSONVILLE, FL 32202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $307,480 | $220,997 | $86,483 | $4,845,232 | $80,914 | $4,764,318 |
| December 31, 2023 | 990 | $238,803 | $131,629 | $107,174 | $4,569,655 | $71,997 | $4,497,658 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $164,510
- Investment income
- $142,970
- Net gain from sales of assets
- $460
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $21,000
- Salaries, compensation and benefits (total)
- $21,000
- Professional fundraising fees
- $0
- Accounting fees
- $73,626
- Program services (functional)
- $220,997
Balance sheet and other
- Total assets, start of year
- $4,569,655
- Total assets, end of year
- $4,845,232
- Total liabilities, end of year
- $80,914
- Net assets, end of year
- $4,764,318
- Publicly traded securities
- $2,091,287
- Gross receipts
- $507,020
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1988
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FITZHUGH K POWELL JR | PRESIDENT / TREASURER Trustee or director, Officer | 2 | $5,000 |
| BENJAMIN K POWELL | VICE PRESIDENT Trustee or director, Officer | 2 | $5,000 |
| STEPHEN T CUMELLA | SECRETARY & CHAIRMAN Trustee or director, Officer | 2 | $5,000 |
| JOHN W KIRKLAND | BOARD MEMBER Trustee or director | 2 | $3,000 |
| SETH L ROTHSTEIN | BOARD MEMBER Trustee or director | 2 | $3,000 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FITZHUGH K POWELL JR | PRESIDENT / TREASURER Trustee or director, Officer | 2 | $5,000 |
| BENJAMIN K POWELL | VICE PRESIDENT Trustee or director, Officer | 2 | $5,000 |
| STEPHEN T CUMELLA | SECRETARY & CHAIRMAN Trustee or director, Officer | 2 | $5,000 |
| JOHN W KIRKLAND | BOARD MEMBER Trustee or director | 2 | $3,000 |
| SETH L ROTHSTEIN | BOARD MEMBER Trustee or director | 2 | $3,000 |
Address and contacts
- Address (IRS master file)
- 219 NEWNAN ST, JACKSONVILLE, FL 32202-3227
- In care of
- % FITZHUGH K POWELL SR
- Principal officer (990 for 2024)
- FITZHUGH K POWELL JR, 219 NEWMAN ST, JACKSONVILLE, FL 32202
- Signed the 990
- FITZHUGH K POWELL JR, PRESIDENT
- Phone
- (904) 353-3181
- Return prepared by
- CRI ADVISORS LLC
Mission
PROVIDING SURETY BONDS FOR ITS PRINCIPALS OBLIGATING THE COMPANY TOINDEMNIFY THIRD PARTIES SHOULD THE PRINCIPAL FAIL TO PERFORM ASPROMISED.
Program accomplishments
- SURETY BONDS FOR PRINCIPALS OBLIGATING THE COMPANY TOINDEMNIFY THIRD PARTIES SHOULD THE PRINCIPAL FAIL TOPERFORM AS PROMISED.Expenses $220,997 · revenue $164,510
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-2874344
- Tax-exempt status
- 501(c)(15): Mutual insurance company
- Donations deductible
- No
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,072,659
- Income (IRS master file)
- $505,500
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $307,480 | $220,997 | $4,845,232 | XML |
| 990 | December 2023 | $238,803 | $131,629 | $4,569,655 | XML |
| 990 | December 2022 | $334,723 | $155,266 | $4,344,315 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-2874344).
Questions about MACHINERY INSURANCE EXCHANGE 219 NEWNAN ST
- What is the EIN of MACHINERY INSURANCE EXCHANGE 219 NEWNAN ST?
- The employer identification number (EIN) of MACHINERY INSURANCE EXCHANGE 219 NEWNAN ST is 59-2874344.
- Is MACHINERY INSURANCE EXCHANGE 219 NEWNAN ST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(15) since 1994.
- Are donations to MACHINERY INSURANCE EXCHANGE 219 NEWNAN ST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MACHINERY INSURANCE EXCHANGE 219 NEWNAN ST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MACHINERY INSURANCE EXCHANGE 219 NEWNAN ST due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MACHINERY INSURANCE EXCHANGE 219 NEWNAN ST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MACHINERY INSURANCE EXCHANGE 219 NEWNAN ST?
- The 990 for the year ended December 31, 2024 names FITZHUGH K POWELL JR.
- Who are the officers and directors of MACHINERY INSURANCE EXCHANGE 219 NEWNAN ST?
- The 990 for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $5,000 (FITZHUGH K POWELL JR, PRESIDENT / TREASURER).
- How much revenue does MACHINERY INSURANCE EXCHANGE 219 NEWNAN ST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $307,480, expenses of $220,997 and total assets of $4,845,232 at year end.
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