Local Farmers Mutual Fire And Lightning Insurance Company

Brookville, IN
Tax-exempt since March 1993
EIN: 31-1256309

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Type of Nonprofit

Designated as a 501(c)(15) Mutual insurance companies or associations which provide insurance to members substantially at cost.

Donations to this organization are not tax deductible.

Revenue

$30.5k (2023)

Expenses

$71.9k (2023)

Total Assets

$410k (2023)

Total Liabilities

$40.7k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$30,521

Expenses

$71,854

Net Income

-$41,333

Net Assets

$369,318

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$17,500	57.3%
Program Services	$0
Investment Income	$13,021	42.7%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$409,994
Total Liabilities	$40,676
Net Assets	$369,318

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey Sauerland (President)	$0	$0
Dennis Ray Halpin (Vice Preside)	$0	$0
Dennis Weber (Secretary)	$0	$0
Greg Meier (Treasurer)	$0	$0
Jerry Carpenter (Director)	$0	$0
Kevin Jackson (Director)	$0	$0
Gary Ruf (Director)	$0	$0

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990-EZ

Filed on Nov. 14, 2024

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$126,015

Expenses

$125,817

Net Income

$198

Net Assets

$471,052

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$7,084	5.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$421
Net Inventory Sales	$0
Other Revenue	$119,352	94.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$30,342	24.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$511,728
Total Liabilities	$40,676
Net Assets	$471,052

Compensation

Key Employees and Officers	Compensation	Related	Other
Bonnie Billman (Secretary)	$0	$0	$0
Viola Billman (Treasurer)	$0	$0	$0
Brandon Brandt (President)	$0	$0	$0
John Brandt (Director/Und)	$0	$0	$0
Roger Crum (Director)	$0	$0	$0
Jean Field (Vice Preside)	$0	$0	$0
Tami Gray (Director)	$0	$0	$0
Steve Meyer (Director)	$0	$0	$0
Rita Newhart (Director)	$0	$0	$0
Jerome Volz (Director)	$0	$0	$0

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990

Filed on June 6, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$254,538

Expenses

$256,820

Net Income

-$2,282

Net Assets

$486,606

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$22,002	8.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$11,853	4.7%
Net Inventory Sales	$0
Other Revenue	$220,683	86.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$32,252	12.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$800	0.3%

Assets/Debt
Total Assets	$534,082
Total Liabilities	$47,476
Net Assets	$486,606

Compensation

Key Employees and Officers	Compensation	Related	Other
Bonnie Billman (Agent/Secretary)	$24,252	$0	$0
John Brandt (Director/Underwriter)	$3,200	$0	$0
Brandon Brandt (President)	$1,400	$0	$0
Viola Billman (Treasurer)	$1,200	$0	$0
Jean Field (Vice Pres)	$1,000	$0	$0
Roger Crum (Director)	$600	$0	$0
Tami Gray (Director)	$600	$0	$0
Rita Newhart (Director)	$0	$0	$0
Steve Meyer (Director)	$0	$0	$0
Jerry Volz (Director)	$0	$0	$0

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990

Filed on May 12, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$187,943

Expenses

$203,888

Net Income

-$15,945

Net Assets

$513,020

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$13,895	7.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,309
Net Inventory Sales	$0
Other Revenue	$175,357	93.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$29,854	14.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$564,105
Total Liabilities	$51,085
Net Assets	$513,020

Compensation

Key Employees and Officers	Compensation	Related	Other
Bonnie Billman (Agent/Secretary)	$24,654	$0	$0
Rita Newhart (Director)	$1,300	$0	$0
Viola Billman (Treasurer)	$1,200	$0	$0
Julia Kirkland (Director)	$750	$0	$0
Jean Field (Vice Pres)	$500	$0	$0
Steve Meyer (Director)	$400	$0	$0
Brandon Brandt (President)	$300	$0	$0
Jerry Volz (Director)	$300	$0	$0
Tami Gray (Director)	$250	$0	$0
Roger Crum (Director)	$200	$0	$0
John Brandt (Director/Underwriter)	$0	$0	$0

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990

Filed on May 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$165,481

Expenses

$170,538

Net Income

-$5,057

Net Assets

$501,598

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$16,751	10.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,840	1.1%
Net Inventory Sales	$0
Other Revenue	$146,890	88.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$31,627	18.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$549,268
Total Liabilities	$47,670
Net Assets	$501,598

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$155,310

Expenses

$125,719

Net Income

$29,591

Net Assets

$478,702

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$16,688	10.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,855	3.1%
Net Inventory Sales	$0
Other Revenue	$133,767	86.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$33,004	26.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$525,875
Total Liabilities	$47,173
Net Assets	$478,702

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$105,782

Expenses

$148,247

Net Income

-$42,465

Net Assets

$480,874

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$15,067	14.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,195	2.1%
Net Inventory Sales	$0
Other Revenue	$88,520	83.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$29,347	19.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$528,047
Total Liabilities	$47,173
Net Assets	$480,874

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$96,750

Expenses

$104,182

Net Income

-$7,432

Net Assets

$499,974

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$15,512	16.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$4,388
Net Inventory Sales	$0
Other Revenue	$85,626	88.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$27,629	26.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$541,042
Total Liabilities	$41,068
Net Assets	$499,974

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$109,508

Expenses

$108,839

Net Income

$669

Net Assets

$488,664

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$16,758	15.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,318	3.9%
Net Inventory Sales	$0
Other Revenue	$88,432	80.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$21,418	19.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$100	0.1%

Assets/Debt
Total Assets	$531,466
Total Liabilities	$42,802
Net Assets	$488,664

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$108,926

Expenses

$133,250

Net Income

-$24,324

Net Assets

$560,858

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$18,782	17.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$484	0.4%
Net Inventory Sales	$0
Other Revenue	$89,660	82.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$39,691	29.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$560,858
Total Liabilities	$0
Net Assets	$560,858

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$84,694

Expenses

$88,554

Net Income

-$3,860

Net Assets

$582,063

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$11,329	13.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$27
Net Inventory Sales	$0
Other Revenue	$73,392	86.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$20,910	23.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$582,063
Total Liabilities	$0
Net Assets	$582,063

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$95,088

Expenses

$117,667

Net Income

-$22,579

Net Assets

$594,915

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$10,002	10.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$85,086	89.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$30,083	25.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$594,915
Total Liabilities	$0
Net Assets	$594,915

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$68,171

Expenses

$91,610

Net Income

-$23,439

Net Assets

$609,460

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$9,233	13.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$58,938	86.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$26,266	28.7%

Assets/Debt
Total Assets	$609,460
Total Liabilities	$0
Net Assets	$609,460

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Local Farmers Mutual Fire And Lightning Insurance Company

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $30.5k (2023)

Expenses $71.9k (2023)

Total Assets $410k (2023)

Total Liabilities $40.7k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Revenue

$30.5k (2023)

Expenses

$71.9k (2023)

Total Assets

$410k (2023)

Total Liabilities

$40.7k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004