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← CENTRAL INSURANCE COMPANIES EDUCATIONAL AND CHARITABLE

Form 990 for tax year 2023

Filed by CENTRAL INSURANCE COMPANIES EDUCATIONAL AND CHARITABLE.

Totals

Total revenue
$276,455
Total expenses
$162,069
Contributions and grants received
$203,256
Grants paid
$160,793
Program service revenue
$0
Investment income
$42,076
Other revenue
$31,123
Total assets, end of year
$1,474,498
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,474,498
Program services expenses (Part IX)
$160,793
Management and general expenses
$1,276
Fundraising expenses
$0
Program service expenses (Part III)
$160,793

Program services were 99.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $203,256

  • 3 · Investment income

    total $42,076 · related or exempt $42,076

  • 11a · Other revenue: NET APPREC (DEPREC) OF

    total $31,123 · related or exempt $31,123

  • 11e · Other revenue, total

    $31,123

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $72,806 · program services $72,806

  • 2 · Grants to domestic individuals

    total $87,987 · program services $87,987

  • 11f · Fees: investment management

    total $1,076 · management and general $1,076

  • 24a · Other expenses: FILING FEE

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $87,150 · end of year $128,337

  • 11 · Investments: publicly traded securities

    beginning of year $1,272,962 · end of year $1,346,161

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,360,112 · end of year $1,474,498

Mission and programs · 2023

Mission

EDUCATIONAL SCHOLARSHIPS AND CHARITABLE PROJECTS

  • DISTRIBUTION OF EDUCATIONAL SCHOLARSHIPS TO INSTITUTIONS OF HIGHER LEARNING ON BEHALF OF 18 HIGH SCHOOL GRADUATES PLANNING ON ATTENDING A TWO OR FOUR YEAR COLLEGE.

    Expenses $82,537 · Grants $82,537

  • SOLICITATIONS OF PLEDGES AND CONTRIBUTIONS FROM INDIVIDUALS FOR SUPPORT OF COMMUNITY PROJECTS. FUNDS ARE DISTRIBUTED TO UNITED WAY FOR COMMUNITY USE.

    Expenses $72,806 · Grants $72,806

  • SOLICITATION OF CONTRIBUTION FROM INDIVIDUALS FOR SUPPORT OF COMMUNITY PROJECTS. FUNDS ARE DISTRIBUTED TO LOCAL NON-PROFIT ORGINIZATIONS AND INDIGENT FAMILIES IN THE COMMUNITY.

    Expenses $5,450 · Grants $5,450

As filed on the 2023 return.

Listed in Part VII

  • Fw Purmort III

    PRESIDENT

    Total calculated
    $997,966
    From this org
    $0
    From related orgs
    $997,966
    Other
    $0
    Hours/week
    1 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $997,966 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $997,966 related

  • Evan Purmort

    DIRECTOR

    Total calculated
    $1,969,569
    From this org
    $0
    From related orgs
    $1,956,282
    Other
    $13,287
    Hours/week
    1 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,215,133 related
    Bonus
    $0 + $665,960 related
    Other
    $0 + $75,189 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,287 related
    Filer's total
    $0 + $1,969,569 related

  • John White

    SECRETARTY

    Total calculated
    $42,683
    From this org
    $0
    From related orgs
    $42,683
    Other
    $0
    Hours/week
    1 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $42,683 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $42,683 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • CENTRAL MUTUAL INSURANCE CO

    C · PROPERTY/CASUALITY INSURER · OH

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2024
IRS schema version
2023v5.0
Source object
202441309349302769

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