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← CENTRAL INSURANCE COMPANIES EDUCATIONAL AND CHARITABLE

Form 990 for tax year 2024

Filed by CENTRAL INSURANCE COMPANIES EDUCATIONAL AND CHARITABLE.

Totals

Total revenue
$209,138
Total expenses
$158,521
Contributions and grants received
$190,649
Grants paid
$157,354
Program service revenue
$0
Investment income
$50,125
Other revenue
-$31,636
Total assets, end of year
$1,525,115
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,525,115
Program services expenses (Part IX)
$157,354
Management and general expenses
$1,167
Fundraising expenses
$0
Program service expenses (Part III)
$157,354

Program services were 99.3% 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

    $190,649

  • 3 · Investment income

    total $50,125 · related or exempt $50,125

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

    total -$31,636 · related or exempt -$31,636

  • 11e · Other revenue, total

    -$31,636

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,314 · program services $60,314

  • 2 · Grants to domestic individuals

    total $97,040 · program services $97,040

  • 11f · Fees: investment management

    total $967 · management and general $967

  • 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 $128,337 · end of year $160,464

  • 11 · Investments: publicly traded securities

    beginning of year $1,346,161 · end of year $1,364,651

  • 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 $1,474,498 · end of year $1,525,115

Mission and programs · 2024

Mission

EDUCATIONAL SCHOLARSHIPS AND CHARITABLE PROJECTS

  • DISTRIBUTION OF EDUCATIONAL SCHOLARSHIPS TO INSTITUTIONS OF HIGHER LEARNING ON BEHALF OF 17 HIGH SCHOOL GRADUATES PLANNING ON ATTENDING A TWO OR FOUR YEAR COLLEGE.

    Expenses $86,311 · Grants $86,311

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

    Expenses $60,314 · Grants $60,314

  • 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 $10,729 · Grants $10,729

As filed on the 2024 return.

Listed in Part VII

  • Evan Purmort

    PRESIDENT

    Total calculated
    $1,129,584
    From this org
    $0
    From related orgs
    $1,121,962
    Other
    $7,622
    Hours/week
    1 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $875,351 related
    Bonus
    $0 + $209,625 related
    Other
    $0 + $36,986 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,622 related
    Filer's total
    $0 + $1,129,584 related

  • Taylor Ray Orsbon

    DIRECTOR

    Total calculated
    $212,276
    From this org
    $0
    From related orgs
    $204,654
    Other
    $7,622
    Hours/week
    1 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,438 related
    Bonus
    $0
    Other
    $0 + $216 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,622 related
    Filer's total
    $0 + $212,276 related

  • Jena Wierwille

    DIRECTOR

    Total calculated
    $413,114
    From this org
    $0
    From related orgs
    $413,080
    Other
    $34
    Hours/week
    1 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $343,079 related
    Bonus
    $0 + $69,785 related
    Other
    $0 + $216 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $34 related
    Filer's total
    $0 + $413,114 related

  • Carly Smith

    DIRECTOR

    Total calculated
    $123,063
    From this org
    $0
    From related orgs
    $120,698
    Other
    $2,365
    Hours/week
    1 + 0.25 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
  • 6b · Pay contingent on a related organization's net earnings

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 6
ALL MEMBERS HAVE THE OPPORTUNITY TO PARTICIPATE IN CENTRAL INSURANCE COMPANY'S (RELATED PARTY) PROFIT SHARING PLAN AS PART OF THEIR EMPLOYMENT.

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 INSURANCE COMPANY

    C · PROPERTY/CASUALITY INSURER · OH

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2025
IRS schema version
2024v5.1
Source object
202511269349300436

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