Overview
What is Federated Insurance Foundation Inc?
Federated Insurance Foundation Inc, based in Owatonna, Minnesota, is a charitable organization that focuses on providing financial assistance to Big Brothers Big Sisters (BBBS) organizations, which are classified as tax-exempt under section 501(c)3 of the U.S. Internal Revenue Code. The Foundation's primary function is to grant funds to these organizations, as outlined in the provided information and schedule I. While the specific activities and projects funded by the Foundation are not detailed in the information provided, it is clear that the Federated Insurance Foundation Inc plays a significant role in supporting BBBS organizations in their mission to empower and mentor young people.
Is Federated Insurance Foundation Inc legitimate?
Federated Insurance Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Federated Insurance Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Federated Insurance Foundation Inc?
The Federated Insurance Foundation Inc. dedicates its efforts to supporting Big Brothers Big Sisters (BBBS) organizations that have been exempted under Section 501(C)3 of the U.S. tax code. In line with this mission, the foundation provides grants to these organizations, as outlined in its schedule. The primary goal of these grants is to aid the ongoing operations and initiatives of BBBS organizations, thereby contributing to their impact on communities. The foundation does not directly engage in activities but rather focuses on financially supporting these organizations.
What is the revenue of Federated Insurance Foundation Inc?
Federated Insurance Foundation Inc's revenue in 2022 was $4,041,848.
Who are the executives of Federated Insurance Foundation Inc and what are their salaries?
- John H Thompson (Vice President) [Trustee/Director]
- Jonathan R Hanson (Vice President & Secretary) [Trustee/Director]
- Julie Rethemeier (President) [Trustee/Director]
- Michael G Kerr (Vice President) [Trustee/Director]
- Michael N Keller (Vp, Treasurer & Assistant Secretary) [Trustee/Director]
Where can I find the form 990 for Federated Insurance Foundation Inc?
The Federated Insurance Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Federated Insurance Foundation Inc
Federated Insurance Foundation Inc, as a philanthropic entity, is dedicated to supporting organizations that fall under the 501(c)3 category, specifically Big Brothers Big Sisters (BBBS) organizations. The Foundation's mission is centered around providing financial assistance to these BBBS organizations, aiming to foster positive growth and development in youth. Through its grant-giving initiatives, Federated Insurance Foundation Inc seeks to make a substantial impact on the lives of young individuals by supporting BBBS organizations in their endeavors. The Foundation's mission is an integral part of its commitment to investing in the future of society by empowering organizations that work towards the betterment of children and communities.
Impact
This information is meant to be a general summary of Federated Insurance Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of Federated Insurance Foundation Inc is primarily seen in its support of Big Brothers Big Sisters (BBBS) organizations exempt under code Section 501(c)3. By providing grants to these organizations, Federated Insurance Foundation Inc contributes to the positive development of young individuals within the BBBS network. This support helps BBBS organizations in fulfilling their mission of providing mentoring relationships to children and empowering them to reach their full potential. Through its philanthropic efforts, Federated Insurance Foundation Inc plays a crucial role in fostering mentorship opportunities and promoting the well-being of youth served by BBBS organizations.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Auction Dinner Event
Revenue
$81,146
Golf Event Green Fees
Revenue
$152,243
Organization Details
Founding Year
1972
Phone
(507) 455-5200
Main Address
121 EAST PARK SQUARE, OWATONNA, MN, 55060
NTEE Category
Code: Z99 - Unknown
If you are a representative of Federated Insurance Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.