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Rice County Mutual Insurance Company

  • Faribault, MN
  • Tax-exempt since Aug. 1987
  • EIN: 41-0502642

Organization summary

Type of Nonprofit

Designated as a Mutual insurance companies or associations which provide insurance to members substantially at cost.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$462k (2023)

Expenses
$404k (2023)

Total Assets
$4.55M (2023)

Total Liabilities
$194k (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

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$461,744
Expenses
$404,430
Net Income
$57,314
Net Assets
$4,352,072
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $341,847
74.0%
Investment Income $32,580
7.1%
Bond Proceeds $86,869
18.8%
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $448
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $67,823
16.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,546,259
Total Liabilities $194,187
Net Assets $4,352,072
Compensation
Key Employees and Officers Compensation Related Other
Robin Herrley (Treasurer) $55,548 $0 $6,000
Howard Schoenfeld (President) $1,950 $0 $0
Lawrence Mcfadden (Director) $1,200 $0 $0
Ronald Maas (Vice Preside) $1,100 $0 $0
Daniel Pumper (Secretary) $1,025 $0 $0
Paul Meyer (Director) $1,000 $0 $0
+ View more people

Document Links

990
Filed on May 10, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$320,407
Expenses
$244,813
Net Income
$75,594
Net Assets
$4,293,356
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $228,979
71.5%
Investment Income $92,323
28.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$895
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $61,306
25.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,428,534
Total Liabilities $135,178
Net Assets $4,293,356
Compensation
Key Employees and Officers Compensation Related Other
Robin Herrley (Treasurer) $52,896 $0 $5,600
Howard Schoenfeld (President) $0 $0 $0
Ronald Maas (Vice President) $0 $0 $0
Daniel Pumper (Secretary) $0 $0 $0
Lawrence Mc Fadden (Director) $0 $0 $0
Paul Meyer (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on April 26, 2023

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

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$329,820
Expenses
$229,416
Net Income
$100,404
Net Assets
$4,219,565
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $217,552
66.0%
Investment Income $94,800
28.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $17,468
5.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $53,861
23.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,330,751
Total Liabilities $111,186
Net Assets $4,219,565
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robin Herrley (Treasurer/Manager) $45,901 $0 $3,600
Howard Schoenfeld (President) $1,250 $0 $0
Lawrence Mc Fadden (Director) $885 $0 $0
Ronald Maas (Vice President/ Secretary) $800 $0 $0
Daniel Pumper (Director) $800 $0 $0
Robert Heine (Prior Secretary) $625 $0 $0
+ View more people

Document Links

990
Filed on March 17, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$302,167
Expenses
$272,789
Net Income
$29,378
Net Assets
$4,119,161
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $193,695
64.1%
Investment Income $97,714
32.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $10,758
3.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $48,632
17.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,241,470
Total Liabilities $122,309
Net Assets $4,119,161
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robin Herrley (Treasurer) $41,443 $0 $1,800
Howard Schoenfeld (President) $1,615 $0 $0
Robert Heine (Secretary) $1,269 $0 $32,253
Ronald Maas (Vice President) $925 $0 $0
Lawrence Mc Fadden (Director) $910 $0 $0
Daniel Pumper (Director) $670 $0 $0
+ View more people

Document Links

990
Filed on Aug. 4, 2021

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$320,575
Expenses
$200,390
Net Income
$120,185
Net Assets
$4,082,483
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $226,197
70.6%
Investment Income $93,678
29.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $700
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,875
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $39,705
19.8%
Assets/Debt
Total Assets $4,196,149
Total Liabilities $113,666
Net Assets $4,082,483
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robin Herrley (Treasurer) $38,677 $0 $0
Robert Heine (Secretary) $1,230 $0 $43,990
Howard Schoenfeld (President) $1,115 $0 $0
Lawrence Mc Fadden (Director) $680 $0 $0
Ronald Maas (Director) $595 $0 $0
Orville Wegner (Vice President) $255 $0 $0
+ View more people

Document Links

990
Filed on April 28, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$393,171
Expenses
$187,619
Net Income
$205,552
Net Assets
$3,969,598
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $300,486
76.4%
Investment Income $91,119
23.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,566
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $5,447
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $40,721
21.7%
Assets/Debt
Total Assets $4,046,743
Total Liabilities $77,145
Net Assets $3,969,598
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robin Herrley (Treasurer) $34,338 $0 $711
Robert Heine (Secretary) $1,205 $0 $37
Howard Schoenfeld (President) $1,175 $0 $162
Lawrence Mc Fadden (Director) $425 $0 $0
Ronald Maas (Director) $425 $0 $0
Orville Wegner (Vice President) $340 $0 $0
Jeff La Canne Retired (Director) $170 $0 $0
+ View more people

Document Links

990
Filed on April 29, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$382,610
Expenses
$263,581
Net Income
$119,029
Net Assets
$3,764,046
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $289,495
75.7%
Investment Income $93,817
24.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$702
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $6,035
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $35,524
13.5%
Assets/Debt
Total Assets $3,906,918
Total Liabilities $142,872
Net Assets $3,764,046
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robin Herrley (Treasurer) $37,139 $0 $0
Allen Ross (Secretary) $1,545 $0 $0
Howard Schoenfeld (President) $1,430 $0 $0
Jeff La Canne (Director) $510 $0 $0
Robert Heine (Director) $510 $0 $0
Orville Wegner (Vice President) $425 $0 $0
+ View more people

Document Links

990
Filed on May 1, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$415,736
Expenses
$292,838
Net Income
$122,898
Net Assets
$3,644,966
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $306,740
73.8%
Investment Income $90,385
21.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $18,611
4.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,960
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $39,763
13.6%
Assets/Debt
Total Assets $3,806,181
Total Liabilities $161,215
Net Assets $3,644,966

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$403,295
Expenses
$242,607
Net Income
$160,688
Net Assets
$3,521,967
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $300,845
74.6%
Investment Income $89,539
22.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,911
3.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $5,410
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $29,600
12.2%
Assets/Debt
Total Assets $3,670,211
Total Liabilities $148,244
Net Assets $3,521,967
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robert Heine (Director) $37,146 $0 $7,800
Allen Ross (Secretary) $1,485 $0 $77
Donald O'neil (Treasurer) $1,200 $0 $0
Howard Schoenfeld (President) $1,125 $0 $0
Orville Wegner (Vice President) $480 $0 $0
Jeff La Canne (Director) $480 $0 $0
+ View more people

Document Links

990
Filed on May 13, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$399,483
Expenses
$285,384
Net Income
$114,099
Net Assets
$3,361,178
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $311,239
77.9%
Investment Income $109,770
27.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$21,526
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $72,500
25.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,553,496
Total Liabilities $192,318
Net Assets $3,361,178

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$429,956
Expenses
$265,762
Net Income
$164,194
Net Assets
$3,246,979
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $320,583
74.6%
Investment Income $118,320
27.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$8,947
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $77,526
29.2%
Professional Fundraising Fees $0
Other Salaries and Wages -$890
Assets/Debt
Total Assets $3,424,037
Total Liabilities $177,058
Net Assets $3,246,979

Document Links

990

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

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$448,878
Expenses
$236,636
Net Income
$212,242
Net Assets
$3,082,685
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $329,662
73.4%
Investment Income $125,205
27.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$5,989
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $32,507
13.7%
Professional Fundraising Fees $0
Other Salaries and Wages $11,400
4.8%
Assets/Debt
Total Assets $3,247,971
Total Liabilities $165,286
Net Assets $3,082,685

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$454,464
Expenses
$293,489
Net Income
$160,975
Net Assets
$2,870,896
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $320,119
70.4%
Investment Income $125,806
27.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,539
1.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $71,118
24.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,033,086
Total Liabilities $162,190
Net Assets $2,870,896

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

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

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

About This Data

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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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