Minnesota Association of Farm Mutual Insurance Companies
MAFMIC mission is to support mutual insurance company members through excellence in advocacy, education, and services. It provide services which will assist in the effective utilization of insurance resources and promote a financially sound, competitive farm mutual insurance industry for the ultimate benefit of the consuming public. Membership consists of Farm mutual companies, reinsurance and packaging companies, companies that support the insurance industry. Membership Fee: $100-$375 (Associate); $2,300 (Affiliate).
Organization Type:
State or Regional Association
Tax Exempt Status:
501(c)(6)
Industry:
Agriculture/Agronomy, Governments (Local/State/Federal/Foreign), Insurance Industry, Agriculture, Farms, State
Address:
PO Box 880
P.O. Box 880 Saint Joseph, MN 56374-0880
Financial Snapshot
Total revenues: $802,905
Year - 2024
1st-yr growth
-0.29%
Year by Year
Revenue
MEMBERSHIP DUES
STATE CONVENTION
SPRING SHORT COURSE
Other
Total expenses: $854,707
Year - 2024
1st-yr growth
8.44%
Year by Year
Expenses
Compensation for non-officers/directors
Other expenses
Conferences, conventions, meetings
Other
Total assets: $1,392,875
Year - 2024
1st-yr growth
-4.31%
Year by Year
Assets
Cash -- non-interest bearing
Land, buildings, & equipment (net)
Investments in publicly traded securities
Other
Total Liabilities: $101,837
Year - 2024
1st-yr growth
-4.92%
Year by Year
Liabilities
Deferred revenue
Accounts payable and accrued expenses