Meredith Insurance Co

Not tax-deductible

Delhi, NYMutual-benefit / member-servingSince 1862EIN 15-0627426Revenue $55K in FY2025

On file with the IRSPo Box 81, 13753-0081 · Delhi, NYTax-exempt since Dec 1944

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To provide affordable property Insurance for its members

$29K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $1K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$29K
to officers and key staff · 62% of spending
Concern: pay to officers and key staff is 62% of spending; over 30%.
Pt VII · Sec A
Cash reserves
183 mo
of spending, in cash
Looks good: 183.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$17K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$55K
-1% vs prior year
Spent
$47K
To programs
0%
Net assets
$889K
By yearFY2020–FY2025
Revenue
$55K
FY2025▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$50K
FY2021$44K
FY2022$44K
FY2023$51K
FY2024$55K
FY2025$55K
Expenses
$47K
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$56K
FY2021$48K
FY2022$45K
FY2023$44K
FY2024$50K
FY2025$47K
Net assets
$889K
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$907K
FY2021$892K
FY2022$846K
FY2023$859K
FY2024$871K
FY2025$889K

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1944.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

9 people listed on the 990; $29K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director
$12,028Pt VII · Sec A
President, Secretary, Treasurer
$5,950Pt VII · Sec A
Director Agent
$3,217Pt VII · Sec A
Director Agent
$2,698Pt VII · Sec A
Director
$1,200Pt VII · Sec A
Vice President Director
$1,200Pt VII · Sec A
Director
$1,200Pt VII · Sec A
Director
$1,000Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Terry Mostert—$3,723$15,716$17,364$17,249$13,307
Linda Hall$12,028$10,499$1,619———
Bryan Boyer$5,950$2,400$2,000$2,400$2,400$2,000
Herman Menke$3,217$2,203$1,650$1,494$2,180$1,911
Brenda Gladstone$2,698$1,984$1,753$1,696$1,631$600
John Bramley$1,200$1,000$400$918$1,852$2,088
Jean Humphries————$696$1,521
Barbara Macclintock—————$1,392

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers affordable property insurance to its members.

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Provided by the organization

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1 program · in their own filed words · FY2025
01

To provide affordable property insurance for its members

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$55K
Ln 12
Investment incomeLn 3$32K
Gifts and grantsLn 1h$23K
Money outPt IX
$47K
Ln 25
Owns and owesPt X
$889K
net assets · Ln 32
Cash and savingsLn 1–2$725K
Total assetsLn 16$905K
LiabilitiesLn 26$17K
PeoplePt VI, VII
9
listed · VII A
PaidVII A9
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$32K
Total revenueLn 12$55K
Assets in detailPt X, end of year
CashLn 1$725K
Cash and savings togetherLn 1–2$725K
InvestmentsLn 11–13$180K
Total assetsLn 16$905K
LiabilitiesLn 26$17K
Net assetsLn 32$889K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$690K$725K
InvestmentsLn 11–13$199K$180K
Total assetsLn 16$889K$905K
LiabilitiesLn 26$18K$17K
Net assetsLn 32$871K$889K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$24K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$812
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$2K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$5K
TravelLn 17$732
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$769
Other expenses (24a–d)Ln 24$12K
Total functional expensesLn 25$47K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $55K$47K$7K$889K 990 PDF
FY2024 $55K$50K$5K$871K 990 PDF
FY2023 $51K$44K$7K$859K 990 PDF
FY2022 $44K$45K−$238$846K 990 PDF
FY2021 $44K$48K−$4K$892K 990 PDF
FY2020 $50K$56K−$6K$907K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $54,723 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,099$22,993
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $31,282$31,730
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $55,381$54,723
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $3,490$0
I-15 Salaries and benefitsPrior year $23,217$24,727
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $23,415$22,767
I-18 Total expensesPrior year $50,122$47,494
I-19 Revenue less expensesPrior year $5,259$7,229
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $54,723 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$22,993
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$22,993
VIII-3 Investment incomeRelated to mission $31,730 · Unrelated business $0 · Excluded from tax $0$31,730
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $31,730 · Unrelated business $0 · Excluded from tax $0$54,723
Part IX · Statement of functional expenses $47,494 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$23,915
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$812
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$2,131
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$1,508
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$5,200
IX-17 Travel$732
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$769
IX-24 Other expenses (24a–d)$12,427
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$47,494
Part X · Balance sheet $905,388 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $689,821$724,902
X-11 Publicly traded securitiesStart of year $199,324$180,486
X-16 Total assetsStart of year $889,145$905,388
X-19 Deferred revenueStart of year $17,630$16,089
X-25 Other liabilitiesStart of year $475$475
X-26 Total liabilitiesStart of year $18,105$16,564
X-27 Net assets without donor restrictionsStart of year $871,040$888,824
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $871,040$888,824
X-33 Total liabilities and net assetsStart of year $889,145$905,388
Part XI · Reconciliation of net assets $888,824 net assets at year end
XI-1 Total revenue$54,723
XI-2 Total expenses$47,494
XI-3 Revenue less expenses$7,229
XI-4 Net assets at start of year$871,040
XI-5 Net unrealized gains (losses) on investments$8,424
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$2,131
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$888,824

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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