Hancock County Assessment FY2020 filing

Not tax-deductible

Hawesville, KYMutual-benefit / member-servingSince 1912EIN 61-0504098Revenue $115K in FY2020

On file with the IRSPo Box 174, 42348-0174 · Hawesville, KYTax-exempt since Dec 1944

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The dues and assessments of the premium is to create a fund to pay all losses of the policy holder as well as the expense of the company. Interest received is used for the same as dues.

100¢ of each $1 spent went to programs.
$23K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
4 of 6
filings with a surplus
Average surplus $22K a year · 16% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$23K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 13.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$115K
Spent
$90K
To programs
100%
Net assets
$674K
By yearFY2020–FY2025
Revenue
$115K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$115K
FY2021$119K
FY2022$115K
FY2023$128K
FY2024$156K
FY2025$173K
Expenses
$90K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$90K
FY2021$122K
FY2022$75K
FY2023$134K
FY2024$129K
FY2025$125K
Net assets
$674K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$674K
FY2021$678K
FY2022$718K
FY2023$787K
FY2024$840K
FY2025$928K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $90K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $23K paid to officers and key staff.

Part VII, Section A · reportable compensation
$17,050Pt VII · Sec A
$1,050Pt VII · Sec A
Vice President
$750Pt VII · Sec A
$550Pt VII · Sec A
$550Pt VII · Sec A
Director
$550Pt VII · Sec A
$550Pt VII · Sec A
$550Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Natalie Jackson—$550$475$3,025$16,150$17,050
Amy Singleton$16,800$16,800$17,025$15,825$16,150—
Gary Baker$1,075$925$1,525$850$600$750
Jarrod Chappell$925$850$1,300$700$600$550
James Hagman$1,125$1,125$1,125$1,125$1,050—
James V Hagman—————$1,050
Ronnie Vandgrift$625$625$550$550$550$550
Dallas Powers$625$625$625$625$550$550

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 15aNo

Programs and updates

Pools member payments to cover policyholder losses and company expenses.

Questions for Hancock County Assessment

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Provided by the organization

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1 program · in their own filed words · FY2020
01

The dues and assessments of the premium is to create a fund to pay all losses of the policy holder as well as the expenses of the company. Interest received is used for the same as dues.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$115K
Ln 12
Fees for servicesLn 2g$96K
Investment incomeLn 3$19K
Other incomeLn 4–11$32
Money outPt IX
$90K
Ln 25
Programscol B$90K
Owns and owesPt X
$674K
net assets · Ln 32
Cash and savingsLn 1–2$103K
Total assetsLn 16$677K
LiabilitiesLn 26$2K
PeoplePt VI, VII
12
listed · VII A
PaidVII A11
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$96K
Investment incomeLn 3$19K
Other incomeLn 4–11$32
Gains on assetsLn 7$0
Total revenueLn 12$115K
Assets in detailPt X, end of year
CashLn 1$48K
SavingsLn 2$55K
Cash and savings togetherLn 1–2$103K
InvestmentsLn 11–13$573K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$677K
LiabilitiesLn 26$2K
Net assetsLn 32$674K
OperationsPt I, VI
EmployeesI 51
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 FY20End FY20
Cash and savingsLn 1–2$95K$103K
InvestmentsLn 11–13$557K$573K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$652K$677K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$649K$674K
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$23K$23K
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$2K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$700$700
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$300$300
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$2K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$6K$6K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$47K$47K
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$454$454
Other expenses (24a–d)Ln 24$6K$6K
All other expensesLn 24e$0
Total functional expensesLn 25$90K$90K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $173K$125K$49K$928K 990 PDF
FY2024 $156K$129K$27K$840K 990 PDF
FY2023 $128K$134K−$7K$787K 990 PDF
FY2022 $115K$75K$40K$718K 990 PDF
FY2021 $119K$122K−$3K$678K 990 PDF
FY2020 Viewing $115K$90K$25K$674K 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 FY2020 990 (6 parts)
Part I · Summary $114,721 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $94,988$95,593
I-10 Investment incomePrior year $24,285$19,096
I-11 Other revenue$32
I-12 Total revenuePrior year $119,273$114,721
I-13 Grants and similar amounts paidPrior year $100$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $24,396$25,204
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $72,048$64,665
I-18 Total expensesPrior year $96,544$89,869
I-19 Revenue less expensesPrior year $22,729$24,852
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $114,721 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $95,593$95,593
VIII-3 Investment incomeRelated to mission $19,096$19,096
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $32$32
VIII-12 Total revenueRelated to mission $114,721$114,721
Part IX · Statement of functional expenses $89,869 across 31 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 staffPrograms $23,100$23,100
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 taxesPrograms $2,104$2,104
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $700$700
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $300$300
IX-12 Advertising and promotionPrograms $1,130$1,130
IX-13 Office expensesPrograms $1,906$1,906
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $6,500$6,500
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliatesPrograms $47,476$47,476
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $454$454
IX-24 Other expenses (24a–d)Programs $6,199$6,199
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $89,869 · Management $0 · Fundraising $0$89,869
Part X · Balance sheet $676,576 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $42,324$48,046
X-2 Savings and temporary cash investmentsStart of year $52,590$55,433
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $556,844$573,097
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $651,758$676,576
X-17 Accounts payable and accrued expensesStart of year $2,430$2,396
X-26 Total liabilitiesStart of year $2,430$2,396
X-27 Net assets without donor restrictionsStart of year $649,328$674,180
X-32 Total net assets or fund balancesStart of year $649,328$674,180
X-33 Total liabilities and net assetsStart of year $651,758$676,576
Part XI · Reconciliation of net assets $674,180 net assets at year end
XI-1 Total revenue$114,721
XI-2 Total expenses$89,869
XI-3 Revenue less expenses$24,852
XI-4 Net assets at start of year$649,328
XI-10 Net assets at end of year$674,180

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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