Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

  total $1,131,354 · related or exempt $1,131,354

• 3 · Investment income

  total $86,015 · unrelated business $86,015

• 7a · Gross sales of assets other than inventory

  securities $101,500

• 7b · Less cost or other basis and sales expenses

  securities $67,278

• 7c · Gain or loss

  securities $34,222

• 7d · Net gain or loss

  total $34,222 · unrelated business $34,222

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,131,354

• 11c · Fees: accounting

  total $24,100

• 11f · Fees: investment management

  total $5,621

• 13 · Office expenses

  total $935

• 23 · Insurance

  total $42,222

• 24a · Other expenses: INCOME TAX EXPENSE

  total $27,026

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $24,080 · end of year $7,991

• 2 · Savings and temporary cash investments

  beginning of year $3,027 · end of year $3,823

• 9 · Prepaid expenses and deferred charges

  beginning of year $24,630 · end of year $24,629

• 11 · Investments: publicly traded securities

  beginning of year $3,005,906 · end of year $3,045,467

• 15 · Other assets

  beginning of year $11,199 · end of year $16,787

• 17 · Accounts payable and accrued expenses

  beginning of year $14,441 · end of year $2,499

• 31 · Retained earnings, endowment or other funds

  beginning of year $3,054,401 · end of year $3,096,198

The filer's explanations (Part III)

SCHEDULE J, PART III

SCHEDULE J, PART II: NAMIC, FEIN 35-0539460, OWNS 100% OF A SUBSIDIARY CALLED NAMIC SERVICE CORPORATION (NSC), FEIN 35-1176317, WHO OWNS 100% OF A SUBSIDIARY CALLED NAMIC INSURANCE AGENCY (NIA), FEIN 35-1469772. NAMIC GROUP INSURANCE TRUST, NAMIC, NIA, AND NSC ARE ALL RELATED THROUGH COMMON MANAGEMENT.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• NAMIC SERVICE CORPORATION

  C CORP · MANAGEMENT · IN

  Directly controlled by NAMIC INC

• NAMIC INSURANCE AGENCY

  C CORP · INSURANCE · IN

  Directly controlled by NSC

• 1859 MUTUAL

• AFFINITY MUTUAL INSURANCE COMPANY

• AGRICULTURAL WORKERS MUTUAL AUTO IN

• ALAMANCE FARMERS' MUTUAL INSURANCE

• ALBANY MUTUAL INSURANCE COMPANY

• ALLEGANY CO-OP INSURANCE COMPANY

• AMERICAN MUTUAL INSURANCE ASSOCIATI

• ARNSBERG FARMERS' MUTUAL INS CO

• AUGUSTA MUTUAL INSURANCE COMPANY

• BALDWIN MUTUAL INSURANCE COMPANY I

• BALTIMORE EQUITABLE INSURANCE

• BELLE PRAIRIE MUTUAL INSURANCE COMP

• BENT OAK MUTUAL

• BIRD ISLAND -HAWK CREEK MUTUAL INSU

• BISHOP MUTUAL INSURANCE COMPANY

• BLACK HAWK MUTUAL INSURANCE CO

• BLOOMFIELD MUTUAL INSURANCE COMPANY

• BOONE FARMERS MUTUAL INSURANCE ASSO

• BRADFORD VICTOR-ADAMS MUTUAL INSURA

• BREMEN FARMERS' MUTUAL INSURANCE CO

• BRETHREN MUTUAL AID AGENCY INC

• BRIAR CREEK MUTUAL INSURANCE COMPAN

• BUCHANAN COUNTY MUTUAL INSURANCE CO

• BUFFALO LAKE-NEW AUBURN MUTUAL INSU

• BUNCETON MUTUAL INSURANCE COMPANY

• CALIFORNIA MUTUAL INSURANCE COMPANY

• CALLICOON COOPERATIVE INSURANCE COM

• CASCADE FARMERS MUTUAL INSURANCE CO

• CENTER MUTUAL INSURANCE COMPANY

• CENTRAL CO-OPERATIVE INSURANCE COMP

• CENTRAL ILLINOIS MUTUAL INSURANCE C

• CENTRAL WISCONSIN MUTUAL INSURANCE

• CENTURY MUTUAL INSURANCE ASSOCIATIO

• CENTURY MUTUAL INSURANCE COMPANY

• CFM INSURANCE INC

• CHAUTAUQUA PATRONS' INSURANCE COMPA

• CHISAGO LAKES-GERMAN FARMERS MUTUAL

• CLAREMONT FARMERS MUTUAL FIRE INSUR

• CLAVERACK CO-OP INSURANCE COMPANY

• COLFAX FARMERS MUTUAL INSURANCE COM

• DANISH MUTUAL INSURANCE ASSC OF SH

• DAVIDSON COUNTY MUTUAL INSRANCE COM

• DECATUR COUNTY FARMERS MUTUAL INSRA

• DELAWARE MUTUAL INSURANCE COMPANY

• DICKINSON COUNTY MUTUAL INSURANCE A

• DMC MUTUAL INSURANCE ASSOCIATION

• EAGLE MUTUAL

• EAGLE POINT MUTUAL INSURANCE COMPAN

• EASTERN OHIO MUTUAL FIRE AND TORNAD

• FARM & HOME SECURITY MUTUAL INSURAN

• FARMERS & LABORERS MUTUAL INSURANCE

• FARMERS & MERCHANTS MUTUAL FIRE INS

• FARMERS FIRE INSURANCE COMPANY INC

• FARMERS MUTUAL FIRE INS CO OF MCC

• FARMERS MUTUAL FIRE INSURANC ASSCO

• FARMERS MUTUAL FIRE INSURANCE CO O

• FARMERS MUTUAL FIRE INSURANCE CO O

• FARMERS MUTUAL INSURANCE ASSOCIATIO

• FARMERS MUTUAL INSURANCE ASSOCIATIO

• FARMERS MUTUAL INSURANCE COMPANY

• FARMERS MUTUAL INSURANCE COMPANY OF

• FARMERS MUTUAL INSURANCE COMPANY OF

• FARMERS MUTUAL INSURANCE COMPANY OF

• FARMERS MUTUAL INSURANCE COMPANY OF

• FARMERS MUTUAL PROTECTIVE ASSOC OF

• FARMERS PIONEER MUTUAL INSURANCE CO

• FARMERS UNION MUTUAL INSURANCE COMP

• FERDINAND FARMERS MUTUAL INSURANCE

• FINGER LAKES FIRE & CASUALTY COMPAN

• FLAXTON FARMERS MUTUAL FIRE INSURAN

• FLOM REGION MUTUAL INSURANCE COMPAN

• FORRESTON MUTUAL INSURANCE COMPANY

• FORWARD MUTUAL INSURANCE COMPANY

• FREDERICK MUTUAL INSURANCE COMPANY

• FRIENDS COVE MUTUAL INSURANCE COMPA

• FRONTIER-MT CARROLL MUTUAL INSURANC

• FULMONT MUTUAL INSURANCE COMPANY

• GEM STATE INSURANCE COMPANY

• GENESEE PATRONS CO-OP INSURANCE COM

• GERMAN FARMERS MUTUAL INSURANCE ASS

• GERMAN FARMERS MUTUAL INSURANCE COM

• GERMAN MUTUAL INS ASSOCIATION OF NE

• GERMANTOWN MUTUAL INSURANCE COMPANY

• GRANGE INSURANCE ASSOCIATION

• GRAYSON CARROLL WYTHE MUTUAL INSURA

• GREAT LAKES MUTUAL INSURANCE COMPAN

• GUARDIAN MUTUAL INSURANCE ASSOC

• HALIFAX MUTUAL INSURANCE COMPANY

• HALLOCK FARMERS MUTUAL FIRE INSURAN

• HAMBLEN MUTUAL INSURANCE COMPANY

• HEARTLAND MUTUAL INSURANCE ASSOCIAT

• HEARTLAND MUTUAL INSURANCE COMPANY

• HEARTLAND MUTUAL INSURANCE COMPANY

• HERITAGE MUTUAL INSURANCE

• HOLMES CITY FARMERS MUTUAL INSURANC

• HOME MUTUAL INSURANCE ASSC OF CARR

• HOME MUTUAL INSURANCE COMPANY

• HOMETOWN MUTUAL INSURANCE COMPANY

• HOPE MUTUAL INSURANCE COMPANY

• HOWARD COUNTY MUTUAL INSURANCE ASSO

• HUMBOLDT MUTUAL INSURANCE ASSOCIATI

• ILLINOIS ASSOCIATION OF MUTUAL INSU

• INLAND MUTUAL INSURANCE COMPANY

• INSURANCE INSTITUTE OF INDIANA INC

• ITASCA MUTUAL INSURANCE COMPANY

• JCM MUTUAL INSURANCE ASSOCIATION

• JERSEYVILLE MUTUAL INSURANCE COMPAN

• KANSAS MUTUAL INSURANCE COMPANY

• KENTUCKY GROWERS INSURANCE COMPANY

• KERKHOVEN & HAYES MUTUAL INSURANCE

• LA PRAIRIE MUTUAL INSURANCE COMPANY

• LA PRAIRIE MUTUAL INSURANCE COMPANY

• LEATHERSTOCKING COOPERATIVE INSURAN

• LEBANON CLYMAN MUTUAL INSURANCE COM

• LEENTHROP FARMERS MUTUAL INSURANCE

• LITITZ MUTUAL INSURANCE COMPANY

• MADELIA-LAKE CRYSTAL MUTUAL INSURAN

• MADISON MUTUAL INSURANCE COMPANY

• MAPLE VALLEY MUTUAL INSURANCE COMPA

• MARSHALL COUNTY MUTUAL INSURANCE CO

• MARSHALL MUTUAL INSURANCE COMPANY

• MARYSVILLE MUTUAL INSURANCE COMPANY

• MCMILLAN WARNER MUTUAL INSURANCE CO

• MEMBERS MUTUAL INSURANCE ASSOCIATIO

• MENDOTA MUTUAL INSURANCE COMPANY

• MENNONITE INSURANCE SERVICES INC

• MFS MUTUAL INSURANCE COMPANY

• MID-HUDSON CO-OP INSURANCE COMPANY

• MID-MINNESOTA MUTUAL INSURANCE COMP

• MID-STATE FARMERS MUTUAL INSURANCE

• MID-STATE MUTUAL INSURANCE COMPANY

• MINNESOTA ASSOCIATION OF FARM MUTUA

• MINNVALLEY MUTUAL INSURANCE COMPANY

• MISSOURI HOMETOWN MUTUAL INSURANCE

• MT PLEASANT-PERRY MIDDLETON MUTUAL

• MUENSTER FARM MUTUAL FIRE INSURANCE

• MUTUAL ASSURANCE SOCIETY OF VIRGINI

• MUTUAL HOME INSURANCE COMPANY

• MUTUAL INSURANCE ASSOCIATION OF IOW

• MUTUAL OF ARKANSAS INSURANCE

• MUTUAL OF IN INSURANCE COMPANY

• MUTUAL PROTECTIVE ASSOCIATION OF WE

• NORTH BRANCH MUTUAL INSURANCE COMPA

• NORTH CAROLINA GRANGE MUTUAL INSURA

• NORTHERN MUTUAL INSURANCE COMPANY

• NORTHERN NECK INSURANCE COMPANY

• NORTHWEST G F MUTUAL INSURANCE COMP

• NORWEGIAN MUTUAL INSURANCE ASSOCIAT

• NORWEGIAN MUTUAL INSURANCE COMPANY

• OAKWOOD MUTUAL INSURANCE COMPANY

• OHIO INSURANCE INSTITUTE

• OSCAR-PARKE MUTUAL INSURANCE COMPAN

• OTSEGO MUTUAL FIRE INSURANCE COMPAN

• OWATONNA MUTUAL FIRE INSURANCE COMP

• PALMYRA FARMERS' MUTUAL INSURANCE C

• PALO MUTUAL INSURANCE COMPANY

• PANHANDLE FARMERS MUTUAL INSURANCE

• PENNSYLVANIA ASSOCIATION OF MUTUAL

• PERRY COUNTY MUTUAL FIRE INSURANCE

• PERU WALTHAM MUTUAL INSURANCE COMPA

• POCAHONTAS MUTUAL INSURANCE ASSOCIA

• PRACTICE PROTECTION INSURANCE SERV

• PRAIRIE MUTUAL INSURANCE ASSOCIATIO

• PRAIRIE PINE MUTUAL INSURANCE COMPA

• PRAIRIE WEST MUTUAL INSURANCE COMPA

• RANCHERS & FARMERS MUTUAL INSURANCE

• RANDOLPH MUTUAL INSURANCE COMPANY

• REDWOOD COUNTY FARMERS MUTUAL INSUR

• REEDSBURG-WESTFIELD MUTUAL INSURANC

• RIVER VALLEY MUTUAL INSURANCE COMPA

• RIVERSIDE MUTUAL INSURANCE COMPANY

• ROCKFORD MUTUAL INSURANCE COMPANY

• ROWAN MUTUAL FIRE INSURANCE COMPANY

• SANDY & BEAVER VALLEY FARMERS MUTUA

• SAUCON MUTUAL INSURANCE COMPANY

• SAUQUOIT VALLEY INSURANCE COMPANY

• SHENANDOAH MUTUAL FIRE INSURANCE CO

• SOUTHEAST MISSOURI MUTUAL FIRE INSU

• SOUTHEAST MUTUAL INSURANCE COMPANY

• SOUTHEAST MUTUAL INSURANCE COMPANY

• SOUTHERN MUTUAL INSURANCE COMPANY

• SOUTHWEST MUTUAL INSURANCE COMPANY

• SPRING VALE MUTUAL INSURANCE COMPAN

• STARK FARMERS MUTUAL FIRE INSURANCE

• STATEWIDE UNDERWRITERS AGENCY INC

• STEELE TRAILL COUNTY MUTUAL INSURAN

• STONEWALL FARM MUTUAL INSURANCE COM

• SVEA MUTUAL INSURANCE COMPANY

• SWEET TOWNSHIP MUTUAL FIRE INSURANC

• TARA MUTUAL FIRE INSURANCE COMPANY

• TEXAS COUNTY MUTUAL INSURANCE COMPA

• TEXAS PIONEER FARM MUTUAL INSURANCE

• UNITED FRONTIER MUTUAL INSURANCE CO

• UNITED MUTUAL INSURANCE ASSOCIATION

• WALCOTT MUTUAL INSURANCE ASSOCIATIO

• WANAMINGO MUTUAL FIRE INSURANCE COM

• WASHINGTON COUNTY CO-OP INSURANCE C

• WAYNE MUTUAL INSURANCE COMPANY

• WEST BRANCH MUTUAL INSURANCE COMPAN

• WEST CENTRAL MUTUAL INSURANCE COMPA

• WEST MCLEAN COUNTRY FARMERS MUTUAL

• WEST SIDE MUTUAL INSURANCE ASSOCIAT

• WESTBROOK MUTUAL INSURANCE COMPANY

• WESTERN ILLINOIS MUTUAL INSURANCE C

• WESTERN IOWA MUTUAL INSURANCE ASSOC

• WESTERN MUTUAL FIRE INSURANCE COMPA

• WHITE PIGEON MUTUAL INSURANCE ASSOC

• WILMINGTON MUTUAL INSURANCE COMPANY

• WISCONSIN ASSOCIATION OF MUTUAL INS

• WISCONSIN INSURANCE ALLIANCE

• WISCONSIN RIVER MUTUAL

• WOODLAND MUTUAL INSURANCE COMPANY

• YOUNG AMERICA MUTUAL INSURANCE COMP