2025-03-17T16:52:06-04:00 2024-12-31 561104897 COBB EZEKIEL LOY & COMPANY PA POST OFFICE BOX 387 GRAHAM NC 272530387 990 2024-01-01 560473262 FARMERS MUTUAL FIRE INSURANCE CO OF CLEVELAND COUNTY FARM 7044879692 102 N WASHINGTON STREET SHELBY NC 28150 JENNIFER S PARKER SECRETARY/TREASURER 7044879692 2025-03-13 true false REBEKAH W LOY CPA P00179273 3362271495 2025-03-13 2024 2025-03-06 01:10:19Z JENNIFER S PARKER 102 N WASHINGTON STREET SHELBY NC 28150 1106484 false X N/A X 1906 NC TO PROVIDE COVERAGE AGAINST THE PERILS OF FIRE, LIGHTNING, WIND, AND EXTENDED COVERAGE ON DWELLINGS AND OTHER FARM BUILDINGS. 9 0 3 0 0 420783 498371 115695 85391 681 536478 584443 0 349327 411427 173398 172983 0 0 224058 231234 746783 815644 -210305 -231201 2292228 2117803 660490 634491 1631738 1483312 TO PROVIDE COVERAGE AGAINST THE PERILS OF FIRE, LIGHTNING, WIND, AND EXTENDED COVERAGE ON DWELLINGS AND OTHER FARM BUILDINGS. false false 815644 584422 THE ORGANIZATION PROVIDED COVERAGE TO APPROXIMATELY 995 POLICYHOLDERS DURING THE YEAR. A TOTAL OF 558,310 WAS PAID TO POLICYHOLDERS RESULTING FROM APPROXIMATELY 114 LOSS CLAIMS DURING THE YEAR. 815644 false false false false false false false false false true true false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 5 0 true 3 true false false false false false false false false X 9 0 false false false false false true false true true false false true true true true false false false false false X JENNIFER S PARKER 7044879692 102 N WASHINGTON STREET SHELBY NC 28150 JENNIFER S PARKER SECRETARY/TR 40.00 X X 49327 0 0 MICHAEL SPAKE PRESIDENT 5.00 X X 4685 0 0 BRENT ELMORE DIRECTOR 2.00 X 750 0 0 ED GOFORTH DIRECTOR 2.00 X 750 0 0 ROBYN HOUSER DIRECTOR 2.00 X 750 0 0 E A BINGHAM JR DIRECTOR 2.00 X 750 0 0 MAX J HAMRICK VICE PRESIDE 2.00 X X 600 0 0 JEFFREY CROTTS DIRECTOR 2.00 X 450 0 0 EDDIE HARRILL DIRECTOR 2.00 X 450 0 0 ANDREW WHITE DIRECTOR 2.00 X 450 0 0 58962 false false false PREMIUMS WRITTEN 524126 489092 489092 CHANGE IN UNEARNED 18209 18209 REBATES ON ASSESSMENTS -8930 -8930 498371 71949 71949 494275 41208 522041 -27766 41208 13442 13442 MISCELLANEOUS RECEIPTS 900099 681 681 681 584443 584443 411427 411427 58962 58962 96443 96443 6303 6303 11275 11275 46069 46069 17316 17316 2293 2293 11974 11974 23224 23224 1586 1586 14044 14044 75987 75987 INSPECTIONS AND LAE 19099 19099 REPAIRS AND MAINTENANCE 5645 5645 UTILITIES 3453 3453 MISCELLANEOUS 3315 3315 7229 7229 815644 815644 0 0 166446 75351 214931 341280 597 127029 121753 71828 50700 49925 1535698 1197938 323856 326280 2292228 2117803 660490 634491 660490 634491 X 1631738 1483312 1631738 1483312 2292228 2117803 X -231201 82775 X X false true X true false 28890 28890 91755 70720 21035 1108 1108 49925 VANGUARD WELLESLY INCOME FUND INVEST 182062 F FIRST EAGLE GLOBAL FUND CLASS I 144218 F 326280 X 495933 18000 18000 477933 53391 53119 106510 584443 727133 18000 18000 709133 53391 53120 106511 815644 SCHEDULE D, PAGE 3, PART X FARMERS MUTUAL FIRE INSURANCE COMPANY OF CLEVELAND COUNTY IS NOT CURRENTLY UNDER AN INCOME TAX AUDIT IN ANY JURISDICTION. HOWEVER, THERE IS ALWAYS THE POSSBIILITY THAT THE VARIOUS TAX AUTHORITIES MAY DISAGREE WITH CERTAIN TAX POSITIONS FILED ON THE ENTITY'S INCOME TAX RETURNS. ALL RELEVANT FACTS AND CIRCUMSTANCES HAVE BEEN CONSIDERED AND THE COMPANY BELIEVES THAT IT HAS MADE ADEQUATE PROVISION FOR ALL INCOME TAX UNCERTAINTIES. SCHEDULE D, PAGE 4, PART XI, LINE 2D HOME OFFICE IMPUTED RENT 18,000 SCHEDULE D, PAGE 4, PART XI, LINE 4B REINSURANCE PREMIUMS PAID 53,119 SCHEDULE D, PAGE 4, PART XII, LINE 2D HOME OFFICE IMPUTED RENT 18,000 SCHEDULE D, PAGE 4, PART XII, LINE 4B REINSURANCE PREMIUMS PAID 53,119 ROUNDING ADJUSTMENT 1 FORM 990 AND OTHER FARM BUILDINGS. FORM 990, PAGE 6, PART VI, LINE 7A THE POLICYHOLDERS ELECT THE DIRECTORS ON AN ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 11B THE RETURN IS MADE AVAILABLE FOR THE BOARD OF DIRECTORS TO REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE REQUIRED TO BE SIGNED ANNUALLY BY OFFICERS, DIRECTORS, AND KEY EMPLOYEES. COMPLIANCE IS MONITORED BY THE DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE OFFICES OF THE ORGANIZATION. FORM 990, PART XI, LINE 9 CHANGE IN NONADMITTED ASSETS 8,819 UNREALIZED GAIN/LOSS 74,030 BALANCING ADJUSTMNET -74 TOTAL 82,775 FORM 990, PART XII THE ORGANIZATION HAS NOT CHANGED THE OVERSIGHT PROCESS NOR SELECTION PROCESS DURING THE TAX YEAR.