Civic Intelligence

Farmers Mutual Insurance Company of Milan Pine Plains and Stanford

EIN 14-0651405 • 501(c)15 • Cobleskill, NY

Profile

To provide affordable low cost propety insurance to local farmers

PO Box 879Cobleskill, NY 12043

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.41x

Higher debt load relative to assets than 91% of similar nonprofits.

NTEE Y • <$500k nonprofits • Source year 2018

Liabilities / Revenue

100th percentile

353.62x

Higher debt load relative to revenue than 100% of similar nonprofits.

NTEE Y • <$500k nonprofits • Source year 2018

Net Margin

1st percentile

-50300%

Higher net margin than 1% of similar nonprofits.

NTEE Y • <$500k nonprofits • Source year 2018

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE Y • <$500k nonprofits • Source year 2018

Asset Growth

17th percentile

-21%

Faster asset growth than 17% of similar nonprofits.

NTEE Y • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

3rd percentile

-94%

Faster revenue growth than 3% of similar nonprofits.

NTEE Y • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$265,146

Down $68,465 (-21%) from 2017

Liabilities

Up

$109,270

Up $87,292 (+397%) from 2017

Net Assets

Down

$155,876

Down $155,757 (-50%) from 2017

Operations
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$309

Down $4,613 (-94%) from 2017

Expenses

Up

$155,736

Up $78,735 (+102%) from 2017

Net Income

Down

-$155,427

Down $83,348 (-116%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth17th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,196,298Liabilities 2010: $443Net Assets 2010: $3,195,8552010Assets 2011: $3,400,185Liabilities 2011: $425Net Assets 2011: $3,399,7602011Assets 2012: $3,497,776Liabilities 2012: $355Net Assets 2012: $3,497,4212012Assets 2013: $3,359,833Liabilities 2013: $131,754Net Assets 2013: $3,228,0792013Assets 2014: $3,169,415Liabilities 2014: $96,076Net Assets 2014: $3,073,3392014Assets 2015: $537,649Liabilities 2015: $30,044Net Assets 2015: $507,6052015Assets 2016: $419,332Liabilities 2016: $36,125Net Assets 2016: $383,2072016Assets 2017: $333,611Liabilities 2017: $21,978Net Assets 2017: $311,6332017Assets 2018: $265,146Liabilities 2018: $109,270Net Assets 2018: $155,8762018

Highlighted filing

2018

Assets$265,146
Liabilities$109,270
Net Assets$155,876
Open 2018 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200K-$400KExpenses 2010: $48,3842010Expenses 2011: $65,0662011Expenses 2012: $94,6042012Revenue 2013: $70,315Expenses 2013: $333,519Net Income 2013: -$263,2042013Revenue 2014: $39,545Expenses 2014: $194,285Net Income 2014: -$154,7402014Revenue 2015: $21,006Expenses 2015: $76,747Net Income 2015: -$55,7412015Revenue 2016: -$44Expenses 2016: $124,179Net Income 2016: -$124,2232016Revenue 2017: $4,922Expenses 2017: $77,001Net Income 2017: -$72,0792017Revenue 2018: $309Expenses 2018: $155,736Net Income 2018: -$155,4272018

Highlighted filing

2018

Revenue$309
Expenses$155,736
Net Income-$155,427
Open 2018 Filing

Filings

Most recent year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$265,146
Liabilities
$109,270
Net assets
$155,876
Revenue
$309
Expenses
$155,736
Net income
-$155,427
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.11$0.16$0.00$0.16$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.33$0.02$0.31$0.00$0.08$0.07
2016Summary only. Only limited summary data is available for this year.$0.42$0.04$0.38$0.00$0.12$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.54$0.03$0.51$0.02$0.08$0.06
2014Detailed filing. Detailed filing data is available for this year.$3.17$0.10$3.07$0.04$0.19$0.15
2013Detailed filing. Detailed filing data is available for this year.$3.36$0.13$3.23$0.07$0.33$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.50$0.00$3.50$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.40$0.00$3.40$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.20$0.00$3.20$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 2, 2020
Return Version
2018v3.1
Gross Receipts
$206,196
Mission and Program Overview

Mission

To provide affordable low cost propety insurance to local farmers

To provide affordable low cost property insurance to NYS Consumers

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$254,103$224,502▼ $29,601
Cash and Non-Interest-Bearing Accounts$79,462$6,854▼ $72,608
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$333,611$265,146▼ $68,465
Other Assets Total$46$33,790▲ $33,744
Liabilities
Other Liabilities$21,742$107,882▲ $86,140
Accounts Payable and Accrued Expenses$236$1,388▲ $1,152
Total Liabilities$21,978$109,270▲ $87,292
Net Assets / Fund Balance
Unrestricted Net Assets$311,633$155,876▼ $155,757
Total Net Assets Fund Balance$311,633$155,876▼ $155,757
Total Liabilities and Net Assets / Fund Balance$333,611$265,146▼ $68,465

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$29,147--
Compensation and Service Providers
Top Officer Pay85th percentile

Board Members and Trustees

NameTitle
Stephen a HarrisPresident
Antonino CogliandroVice President
Catherine McardleDirector
Christopher StaubleDirector
Henry LamontDirector
Jeffrey JohnsonDirector
Lefteri TsamisDirector
Janette F RosscoeSecretary
Melissa a MorlangTreasurer
Michael DownieVP, Claims
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$185
Investment Income
$124
Other Revenue
$0
Change in Net Assets
$-155,427

Audited Revenue Reconciliation

Revenue per Audited Statements
$309
Total Revenue per Audited Statements
$309
Total Revenue per Form 990
$309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$113,696
Other Expenses$42,040
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$90,624--$90,624
Other Employee Benefits$23,072--$23,072
Office Expenses$11,578--$11,578
Depreciation Depletion$8,848--$8,848
Fees for Services Other$8,050--$8,050
Fees for Services Legal$4,900--$4,900
Insurance$3,279--$3,279
Fees for Services Management$1,232--$1,232
Other Expenses$50$5,350-$50
All Other Expenses$-2,963--$-2,963
Total Functional Expenses$150,386$5,350$0$155,736

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$155,736
Total Expenses per Audited Statements$155,736
Total Expenses per Form 990$155,736
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Affiliates$77,301
Advance Premiums$25,163
Ceded reinsurance balances payable$5,418
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“Sterling Insurance Cooperative, Inc. maintains a management/administrative service agreement with Sterling Insurance Company to provide managerial and administrative duties.”

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“Sterling Insurance Cooperative is owned by policyholders”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Treasurer reviews the return before filing with the IRS.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The Organization requires that all board members provide written statement whether or not there was a conflict of interest.”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“The Organization provides its tax return and governing documents upon written request.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No other documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Sterling Insurance Cooperative Inc
EIN
14-0651405
Phone
8772541767
Address
PO BOX 879, COBLESKILL, NY 12043

Signing Officer

Name
Stephen a Harris
Title
President
Signed
2020-06-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen a Harris
Formed
1883
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
0
Employees
0

Preparer

Firm
Johnson Lauder & Savidge LLP
Address
2 Court Street 2nd Floor, Binghamton, NY 13901
Preparer
William J Scannell
Phone
6077238216
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Change in non-admitted assets = -$0”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Unrealized depreciation of investments = -$330”

Amended Explanation

“Return is amended to mark as final. The gross receipts of the Cooperative exceeded $600,000 in 2019. As such the Cooperative has lost its exemption under IRC Section 501(c)(15). The final return is being filed to make formal notice of tax exempt status. All future returns will be filed on Form 1120-PC.”

Raw XML AppendixShowing 400 of 490 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0236
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01388
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To provide affordable low cost property insurance to NYS Consumers
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0-2963
IRS990/AllOtherExpensesGrp/TotalAmt0-2963
IRS990/AmendedReturnInd0X
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0MELISSA A MORLANG
IRS990/BooksInCareOfDetail/PhoneNum08772541767
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0182 BARNERVILLE ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0COBLESKILL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd012043
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt079462
IRS990/CashNonInterestBearingGrp/EOYAmt06854
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0124
IRS990/CYOtherExpensesAmt042040
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0185
IRS990/CYRevenuesLessExpensesAmt0-155427
IRS990/CYSalariesCompEmpBnftPaidAmt0113696
IRS990/CYTotalExpensesAmt0155736
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0309
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt08848
IRS990/DepreciationDepletionGrp/TotalAmt08848
IRS990/Desc0Low cost property insurance for NYS Consumers
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EscrowAccountInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt04900
IRS990/FeesForServicesLegalGrp/TotalAmt04900
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt01232
IRS990/FeesForServicesManagementGrp/TotalAmt01232
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt08050
IRS990/FeesForServicesOtherGrp/TotalAmt08050
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0STEPHEN A HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm1JANETTE F ROSSCOE
IRS990/Form990PartVIISectionAGrp/PersonNm2MELISSA A MORLANG
IRS990/Form990PartVIISectionAGrp/PersonNm3Antonino Cogliandro
IRS990/Form990PartVIISectionAGrp/PersonNm4CHRISTOPHER STAUBLE
IRS990/Form990PartVIISectionAGrp/PersonNm5JEFFREY JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm6LEFTERI TSAMIS
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL DOWNIE
IRS990/Form990PartVIISectionAGrp/PersonNm8HENRY LAMONT
IRS990/Form990PartVIISectionAGrp/PersonNm9CATHERINE MCARDLE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7VP, Claims
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01883
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0-5346
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0200541
IRS990/GrossReceiptsAmt0206196
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/ProgramServicesAmt03279
IRS990/InsuranceGrp/TotalAmt03279
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt05470
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05470
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0254103
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0224502
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0205887
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide affordable low cost property insurance to NYS Consumers
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0311633
IRS990/NetAssetsOrFundBalancesEOYAmt0155876
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-5346
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-5346
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt011578
IRS990/OfficeExpensesGrp/TotalAmt011578
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt046
IRS990/OtherAssetsTotalGrp/EOYAmt033790
IRS990/OtherChangesInNetAssetsAmt0-330
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt023072
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023072
IRS990/OtherExpensesGrp/Desc0INVESTMENT EXPENSES
IRS990/OtherExpensesGrp/Desc1RENT/OTHER
IRS990/OtherExpensesGrp/Desc2TAXES, LICENSES & FEES
IRS990/OtherExpensesGrp/Desc3LAE INCURRED
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05350
IRS990/OtherExpensesGrp/ProgramServicesAmt01582
IRS990/OtherExpensesGrp/ProgramServicesAmt1134
IRS990/OtherExpensesGrp/ProgramServicesAmt250
IRS990/OtherExpensesGrp/TotalAmt05350
IRS990/OtherExpensesGrp/TotalAmt11582
IRS990/OtherExpensesGrp/TotalAmt2134
IRS990/OtherExpensesGrp/TotalAmt350
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt021742
IRS990/OtherLiabilitiesGrp/EOYAmt0107882
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt090624
IRS990/OtherSalariesAndWagesGrp/TotalAmt090624
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0STEPHEN A HARRIS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0524298
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/BusinessCd3524298
IRS990/ProgramServiceRevenueGrp/Desc0FINANCE CHARGES
IRS990/ProgramServiceRevenueGrp/Desc1AGENT BALANCE CHARGED OFF
IRS990/ProgramServiceRevenueGrp/Desc2FIRE INSURANCE PREMIUMS
IRS990/ProgramServiceRevenueGrp/Desc3WIND INSURANCE PREMIUMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0184
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0184
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt04940
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt035587
IRS990/PYProgramServiceRevenueAmt0-18
IRS990/PYRevenuesLessExpensesAmt0-72079
IRS990/PYSalariesCompEmpBnftPaidAmt041414
IRS990/PYTotalExpensesAmt077001
IRS990/PYTotalRevenueAmt04922
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-155427
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0155736
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01055
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13588
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt229147
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Investment income due and accrued
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Uncollected Premiums
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Receivable from Affiliate
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt077301
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15418
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt225163
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payable to Affiliates
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Ceded reinsurance balances payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Advance Premiums
IRS990ScheduleD/RevenueSubtotalAmt0309
IRS990ScheduleD/TotalBookValueOtherAssetsAmt033790
IRS990ScheduleD/TotalExpensesPerForm990Amt0155736
IRS990ScheduleD/TotalLiabilityAmt0107882
IRS990ScheduleD/TotalRevenuePerForm990Amt0309
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0309
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0155736
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Sterling Insurance Cooperative, Inc. maintains a management/administrative service agreement with Sterling Insurance Company to provide managerial and administrative duties.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Sterling Insurance Cooperative is owned by policyholders
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Treasurer reviews the return before filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization requires that all board members provide written statement whether or not there was a conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization provides its tax return and governing documents upon written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5No other documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHANGE IN NON-ADMITTED ASSETS = -$0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UNREALIZED DEPRECIATION OF INVESTMENTS = -$330
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Return is amended to mark as final. The gross receipts of the Cooperative exceeded $600,000 in 2019. As such the Cooperative has lost its exemption under IRC Section 501(c)(15). The final return is being filed to make formal notice of tax exempt status. All future returns will be filed on Form 1120-PC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Amended Explanation
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0141093900
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C-CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0INSURANCE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0STERLING INSURANCE COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0182 BARNERVILLE ROAD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0COBLESKILL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd012043
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0STERLING INSURANCE COMPANY (SIC) PROVIDES MANAGEMENT SERVICES TO STERLING INSURANCE COOPERATIVE, INC. (SCOOP) UNDER A MANAGEMENT SERVICE AGREEMENT. AMOUNTS ARE BASED ON THE TIME SPENT AND SALARY OF THE RESPECTIVE EMPLOYEES UTILIZED FROM SIC. AMOUNTS ARE TRACKED AND BILLED QUARTERLY FROM SIC TO SCOOP.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V LINE 2
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt029147
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt177301
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt21637
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt393785
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt41637
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt593785
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt6143715
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2ALLOCATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3ALLOCATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt4ALLOCATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt5Allocation
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt6ALLOCATION

Document Assets

No mirrored PDF or thumbnail assets are attached yet.