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Nonprofit · EIN 62-0422666

FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY

Tax-exempt · PULASKI, TN 38478

Financials

$235K$438K2023
Revenue Expenses · by fiscal year end
Financials of FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$234,741$438,295-$203,554$873,612$255,488$618,124
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$281,082
Investment income
-$94,425
Net gain from sales of assets
-$121,680
Other revenue
$48,084

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$102,807
Other salaries and wages
$36,250
Salaries, compensation and benefits (total)
$149,234
Professional fundraising fees
$0
Accounting fees
$16,470
Travel
$9,285
Depreciation
$3,475

Balance sheet and other

Total assets, start of year
$1,106,782
Total assets, end of year
$873,612
Total liabilities, end of year
$255,488
Net assets, end of year
$618,124
Land, buildings and equipment
$81,117
Gross unrelated business income
$40,949
Gross receipts
$803,437
Employees
6
Volunteers
0
Year formed
1900
State of legal domicile
TN

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, 2023, highest compensation first.

NameTitleHours / weekCompensation
WENDELL WILBURNDIRECTOR/AGENT
Trustee or director
40$58,909
JANIE MARIE WILBURNSECRETARY/TREASURER
Trustee or director, Officer
40$33,409
HARRY WINFORD BURNSPRESIDENT/DIRECTOR
Trustee or director, Officer
1$6,260
RICHARD EUGENE LONG JRDIRECTOR
Trustee or director
1$1,410
LANE EVERETTE ROSEVICE-PRESIDENT
Trustee or director, Officer
1$1,410
CLINT WINFORD BURNSDIRECTOR
Trustee or director
1$1,409

Address and contacts

Address (IRS master file)
PO BOX 732, PULASKI, TN 38478-0732
Principal officer (990 for 2023)
AMI N BURNS, PO BOX 732, PULASKI, TN 38478
Signed the 990
AMI N BURNS, SECRETARY/ TREASURER
Phone
(931) 363-1322
Return prepared by
FMC CPAS PLLC

Mission

THE COMPANY WAS FORMED FOR THE PURPOSE OF PROVIDING INSURANCE FOR ITS MEMBERS AND TO REINSURE AND ACCEPT REINSURANCE FOR FIRE, LIGHTNING, EXTENDED COVERAGES, THEFT, PROPERTY AND OTHER COVERAGES PERMITTED FOR A COUNTY MUTUAL INSURANCE COMPANY BY TENNESSEE INSURANCE LAW.

990 for the year ended December 31, 2023

Program accomplishments

  • THE COMPANY IS A NON-PROFIT MUTUAL BENEFIT CORPORATION THAT WRITES FIRE AND EXTENDED COVERAGE INSURANCE AS A MUTUAL FIRE, LIGHTNING, HAIL, EXTENDED COVERAGE, AND TORNADO COMPANY AND PROVIDES COVERAGE PRIMARILY TO RESIDENTS OF GILES COUNTY, TENNESSEE AND COUNTIES CONTIGUOUS THERETO IN THE STATE OF TENNESSEE.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
62-0422666
Tax-exempt status
501(c)(15): Mutual insurance company
Donations deductible
No
Exempt since
1944
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$873,612
Income (IRS master file)
$803,437

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$234,741$438,295$873,612XML
990December 2022$317,483$318,615$1,106,782IRS
990December 2021–––IRS
990December 2020–––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 62-0422666).

Questions about FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY

What is the EIN of FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY?
The employer identification number (EIN) of FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY is 62-0422666.
Is FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(15) since 1944.
Are donations to FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY 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 FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY?
The 990 for the year ended December 31, 2023 names AMI N BURNS.
Who are the officers and directors of FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY?
The 990 for the year ended December 31, 2023 lists 6 people; 6 received compensation from the organization, the highest $58,909 (WENDELL WILBURN, DIRECTOR/AGENT).
How much revenue does FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY have?
On its 990 for the year ended December 31, 2023 it reported revenue of $234,741, expenses of $438,295 and total assets of $873,612 at year end.

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