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WANAMINGO MUTUAL INSURANCE COMPANY

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Public IRS 990 nonprofit record

WANAMINGO MUTUAL INSURANCE COMPANY

EIN 41-0598930 · Mutual Insurance Companies & Associations (Y23)

What they do

to Provide Fire and Additional Lines Insurance Coverages to Policyholders/members and Pay Claims On Covered Policyholder Losses.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2022The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders8 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$73.32spent for every $100 of revenueRevenue covered expenses this year.
$8.93in assets for every $1 spent this yearSome assets cannot be spent right away.
1.2%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $15,771 for BONNIE HERMANN (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2022

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$485,194
Expenses$355,743
Annual surplus $129,451 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$485,194
Expenses$355,743
Assets$3,176,344
Income$485,194
Contributions$5,895
Stocks and bonds$2,845,630
Accounting fees$15,134
People

Leadership and board

Tax year 2022

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
BONNIE HERMANNPRESIDENT · 40 hrs/week $15,771
DARRELL KLEVANVICE-PRESIDENT · 20 hrs/week $10,417
JERRY CLEMENSONTREASURER · 1 hrs/week $825
MARY VEISETHDIRECTOR · 1 hrs/week $600
RON KYLLOSECRETARY · 1 hrs/week $525
BRADLEY HEGSETHDIRECTOR · 1 hrs/week $450
OWEN STEBERGDIRECTOR · 1 hrs/week $450
LISA OVERBYDIRECTOR - RETIRED · 1 hrs/week $75

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (8)

BONNIE HERMANNPRESIDENT

DARRELL KLEVANVICE-PRESIDENT

JERRY CLEMENSONTREASURER

MARY VEISETHDIRECTOR

RON KYLLOSECRETARY

BRADLEY HEGSETHDIRECTOR

OWEN STEBERGDIRECTOR

LISA OVERBYDIRECTOR - RETIRED

About this charity

Recognized since
January 1988
Location
PO BOX 279, WANAMINGO, MN 55983-0279
County
Goodhue
In care of
Bonnie Hermann
Primary officer
Bonnie Hermann, President

How to reach them

Filing and classification

Latest tax year
2022
Tax period began
January 1, 2022
Return type
990
Tax preparer
ABDO LLP
NTEE classification
Mutual Insurance Companies & Associations (Y23)
IRS tax category
Mutual Insurance Companies & Associations

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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