Civic Intelligence

Svea Mutual Insurance Association

990 • Fiscal year 2013 • EIN 42-6073120

Jan 01, 2013 to Dec 31, 2013 • Filed on May 14, 2014

Organization ProfileN/A
PO Box 3552652

(319) 254-2288

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.07x

Higher debt load relative to assets than 54% of similar nonprofits.

2013 filings • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

75th percentile

0.33x

Higher debt load relative to revenue than 75% of similar nonprofits.

2013 filings • $1M-$5M nonprofits • Source year 2013

Net Margin

56th percentile

6.0%

Higher net margin than 56% of similar nonprofits.

2013 filings • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

63rd percentile

$49,686

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2013 filings • $1M-$5M nonprofits • Source year 2013

Asset Growth

49th percentile

1.5%

Faster asset growth than 49% of similar nonprofits.

2013 filings • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$2,084,942

Up $31,137 (+1.5%) from 2012

Net Assets

Up

$1,938,739

Up $8,254 (+0.4%) from 2012

Liabilities

Up

$146,203

Up $22,883 (+19%) from 2012

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin56th percentile

Revenue

$438,816

No earlier filing loaded for comparison.

Expenses

Up

$412,509

Up $25,700 (+6.6%) from 2012

Net Income

$26,307

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,919,877Liabilities 2010: $113,042Net Assets 2010: $1,806,8352010Assets 2011: $2,026,707Liabilities 2011: $114,721Net Assets 2011: $1,911,9862011Assets 2012: $2,053,805Liabilities 2012: $123,320Net Assets 2012: $1,930,4852012Assets 2013: $2,084,942Liabilities 2013: $146,203Net Assets 2013: $1,938,7392013Assets 2014: $2,144,820Liabilities 2014: $177,012Net Assets 2014: $1,967,8082014Assets 2015: $2,070,499Liabilities 2015: $165,294Net Assets 2015: $1,905,2052015Assets 2016: $2,141,132Liabilities 2016: $185,517Net Assets 2016: $1,955,6152016Assets 2017: $2,177,095Liabilities 2017: $234,757Net Assets 2017: $1,942,3382017Assets 2018: $2,255,272Liabilities 2018: $193,615Net Assets 2018: $2,061,6572018Assets 2019: $2,402,158Liabilities 2019: $213,534Net Assets 2019: $2,188,6242019Assets 2020: $2,386,565Liabilities 2020: $194,663Net Assets 2020: $2,191,9022020Assets 2021: $2,593,263Liabilities 2021: $224,720Net Assets 2021: $2,368,5432021Assets 2022: $2,752,411Liabilities 2022: $224,628Net Assets 2022: $2,527,7832022Assets 2023: $2,854,045Liabilities 2023: $261,264Net Assets 2023: $2,592,7812023

Highlighted filing

2013

Assets$2,084,942
Liabilities$146,203
Net Assets$1,938,739
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $352,7272010Expenses 2011: $291,3282011Expenses 2012: $386,8092012Revenue 2013: $438,816Expenses 2013: $412,509Net Income 2013: $26,3072013Revenue 2014: $444,985Expenses 2014: $375,517Net Income 2014: $69,4682014Revenue 2015: $457,810Expenses 2015: $557,879Net Income 2015: -$100,0692015Revenue 2016: $464,799Expenses 2016: $375,413Net Income 2016: $89,3862016Revenue 2017: $509,082Expenses 2017: $471,748Net Income 2017: $37,3342017Revenue 2018: $525,064Expenses 2018: $445,625Net Income 2018: $79,4392018Revenue 2019: $484,292Expenses 2019: $172,451Net Income 2019: $311,8412019Revenue 2020: $495,116Expenses 2020: $512,084Net Income 2020: -$16,9682020Revenue 2021: $485,229Expenses 2021: $277,675Net Income 2021: $207,5542021Revenue 2022: $483,618Expenses 2022: $328,789Net Income 2022: $154,8292022Revenue 2023: $546,441Expenses 2023: $437,698Net Income 2023: $108,7432023

Highlighted filing

2013

Revenue$438,816
Expenses$412,509
Net Income$26,307
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 14, 2014
Return Version
2013v3.1
Gross Receipts
$438,816
Mission and Program Overview

Mission

To provide property insurance to members. Serving henry county, iowa and its neighboring counties.

To provide property insurance to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,938,559$1,932,028▼ $6,531
Cash and Non-Interest-Bearing Accounts$106,233$130,763▲ $24,530
Other Notes and Loans Receivable, Net-$13,814-
Investments in Publicly Traded Securities$6,759$7,251▲ $492
Accounts Receivable$1,835$558▼ $1,277
Investments Other Securities$419$528▲ $109
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$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$2,053,805$2,084,942▲ $31,137
Other Assets Total-$0-
Liabilities
Other Liabilities$120,203$136,720▲ $16,517
Accounts Payable and Accrued Expenses$3,117$9,483▲ $6,366
Total Liabilities$123,320$146,203▲ $22,883
Net Assets / Fund Balance
Unrestricted Net Assets$1,930,485$1,938,739▲ $8,254
Total Net Assets Fund Balance$1,930,485$1,938,739▲ $8,254
Total Liabilities and Net Assets / Fund Balance$2,053,805$2,084,942▲ $31,137
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Monte KannSecretaryFT$34,500$15,186$49,686
Carl AlvinePresident-$3,000$750$3,750
William McgohanDirectorPT$1,550$375$1,925
Gary L AndersonDirector-$100-$100
Arthur LauerVice President-$100-$100
John WickhamDirector-$100-$100
Kent BakerDirector-$100-$100
Stan UnkrichDirector-$100-$100
Tom Mc AllisterDirector-$50-$50
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$383,456
Investment Income
$55,344
Other Revenue
$16
Change in Net Assets
$26,307
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$353,400
Salaries, Compensation, and Employee Benefits$59,109
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$49,686$6,225-$55,911
All Other Expenses$12,084$2,874-$14,958
Other Expenses$10,915--$10,915
Insurance$5,827--$5,827
Payroll Taxes$2,814$384-$3,198
Occupancy-$2,944-$2,944
Advertising$2,206--$2,206
Office Expenses$1,371--$1,371
Fees for Services Accounting-$940-$940
Total Functional Expenses$399,142$13,367$0$412,509
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gary AndersonDirectorRentNo$1,800

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
Unearned Premium Reserve$122,260
Accrued Reinsurance Premiums$9,436
Premiums Received in Advance$4,563
Premium Collected-others-not Remitted$461
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“Svea Mutual's policyholders are the member owners of the mutual.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“The policyholders elect the Board of Directors.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Changes to the By-laws and Articles of Incorporation require a vote of the membership.”

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

“The Form 990 is reviewed by the Secretary/Manager before filing.”

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

“All directors and officers sign a conflict of interest statement annually, and the Board reviews the statements.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Board reviews and approves salaries each year.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Board reviews and approves salaries each year.”

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

“This information is available upon request. The financial statements are available in the form of the Annual Statement on the Iowa Insurance Division's website.”

Filing and Contact Details

Filer

EIN
42-6073120
Phone
3192542288

Signing Officer

Name
Monte Kann
Title
Secretary
Signed
2014-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
1875
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
6
Employees
3

Preparer

Preparer
Neil D Smith
Phone
3193853026
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Accrual basis balance sheet adjustments = -$23913”

Raw XML AppendixShowing 400 of 412 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/BOYAmt03117
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt09483
IRS990/AccountsReceivableGrp/BOYAmt01835
IRS990/AccountsReceivableGrp/EOYAmt0558
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE PROPERTY INSURANCE TO MEMBERS
IRS990/AdvertisingGrp/ProgramServicesAmt02206
IRS990/AdvertisingGrp/TotalAmt02206
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02874
IRS990/AllOtherExpensesGrp/ProgramServicesAmt012084
IRS990/AllOtherExpensesGrp/TotalAmt014958
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0MONTE KANN
IRS990/BooksInCareOfDetail/PhoneNum03192542288
IRS990/BooksInCareOfDetail/USAddress/AddressLine101903 140TH ST
IRS990/BooksInCareOfDetail/USAddress/City0SWEDESBURG
IRS990/BooksInCareOfDetail/USAddress/State0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode052652
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0true
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt0106233
IRS990/CashNonInterestBearingGrp/EOYAmt0130763
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt06225
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt049686
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt055911
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt055344
IRS990/CYOtherExpensesAmt0353400
IRS990/CYOtherRevenueAmt016
IRS990/CYProgramServiceRevenueAmt0383456
IRS990/CYRevenuesLessExpensesAmt026307
IRS990/CYSalariesCompEmpBnftPaidAmt059109
IRS990/CYTotalExpensesAmt0412509
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0438816
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0PROPERTY INSURANCE
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExcessBusinessHoldingsInd0false
IRS990/ExpenseAmt0399142
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0940
IRS990/FeesForServicesAccountingGrp/TotalAmt0940
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
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/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt36.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt0750
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3375
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt615186
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0CARL ALVINE
IRS990/Form990PartVIISectionAGrp/PersonNm1ARTHUR LAUER
IRS990/Form990PartVIISectionAGrp/PersonNm2GARY L ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm3WILLIAM MCGOHAN
IRS990/Form990PartVIISectionAGrp/PersonNm4TOM MC ALLISTER
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN WICKHAM
IRS990/Form990PartVIISectionAGrp/PersonNm6MONTE KANN
IRS990/Form990PartVIISectionAGrp/PersonNm7STAN UNKRICH
IRS990/Form990PartVIISectionAGrp/PersonNm8KENT BAKER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt03000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt31550
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt634500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8100
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/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr01875
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0438816
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt05827
IRS990/InsuranceGrp/TotalAmt05827
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt055344
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt055344
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0419
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0528
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06759
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07251
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0IA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE PROPERTY INSURANCE TO MEMBERS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01930485
IRS990/NetAssetsOrFundBalancesEOYAmt01938739
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt05860
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02944
IRS990/OccupancyGrp/TotalAmt02944
IRS990/OfficeExpensesGrp/ProgramServicesAmt01371
IRS990/OfficeExpensesGrp/TotalAmt01371
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-23913
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0NET LOSSES PAID
IRS990/OtherExpensesGrp/Desc1AGGREGATE EXCESS REINSURANCE P
IRS990/OtherExpensesGrp/Desc2SPECIFIC REINSURANCE CEDED
IRS990/OtherExpensesGrp/Desc3DATA PROCESSING SUPPORT
IRS990/OtherExpensesGrp/ProgramServicesAmt0158340
IRS990/OtherExpensesGrp/ProgramServicesAmt1101916
IRS990/OtherExpensesGrp/ProgramServicesAmt253983
IRS990/OtherExpensesGrp/ProgramServicesAmt310915
IRS990/OtherExpensesGrp/TotalAmt0158340
IRS990/OtherExpensesGrp/TotalAmt1101916
IRS990/OtherExpensesGrp/TotalAmt253983
IRS990/OtherExpensesGrp/TotalAmt310915
IRS990/OtherLiabilitiesGrp/BOYAmt0120203
IRS990/OtherLiabilitiesGrp/EOYAmt0136720
IRS990/OtherRevenueMiscGrp/Desc0Partnership income(loss)
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt016
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt016
IRS990/OtherRevenueTotalAmt016
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt013814
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0384
IRS990/PayrollTaxesGrp/ProgramServicesAmt02814
IRS990/PayrollTaxesGrp/TotalAmt03198
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0524126
IRS990/ProgramServiceRevenueGrp/Desc0PREMIUM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0383456
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0383456
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt062263
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0322520
IRS990/PYOtherRevenueAmt0100
IRS990/PYProgramServiceRevenueAmt0335799
IRS990/PYRevenuesLessExpensesAmt011353
IRS990/PYSalariesCompEmpBnftPaidAmt064289
IRS990/PYTotalExpensesAmt0386809
IRS990/PYTotalRevenueAmt0398162
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt026307
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0383456
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01938559
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01932028
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09436
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1461
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24563
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3122260
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED REINSURANCE PREMIUMS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREMIUM COLLECTED-OTHERS-NOT REMITTED
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREMIUMS RECEIVED IN ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3UNEARNED PREMIUM RESERVE
IRS990ScheduleD/TotalLiabilityAmt0136720
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0GARY ANDERSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01800
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SVEA LEASES THEIR OFFICE BUILDING FROM DIRECTOR, GARY ANDERSON AND ANOTHER UNRELATED INDIVIDUAL. SVEA HAS A WRITTEN LEASE AGREEMENT WITH THE LANDLORD. THE CURRENT LEASE ARRANGEMENT HAS A MONTHLY RENT PAYMENT OF $150 FOR SVEA'S SHARE OF THE OFFICE BUILDING USE. DIRECTOR & SECRETARY MONTE KANN ALSO RENT THE SAME OFFICE SPACE FOR HIS INSURANCE AGENT BUSINESS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Svea Mutual's policyholders are the member owners of the mutual.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The policyholders elect the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Changes to the By-laws and Articles of Incorporation require a vote of the membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 is reviewed by the Secretary/Manager before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All directors and officers sign a conflict of interest statement annually, and the Board reviews the statements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Board reviews and approves salaries each year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Board reviews and approves salaries each year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7This information is available upon request. The financial statements are available in the form of the Annual Statement on the Iowa Insurance Division's website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ACCRUAL BASIS BALANCE SHEET ADJUSTMENTS = -$23913
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02053805
IRS990/TotalAssetsEOYAmt02084942
IRS990/TotalAssetsGrp/BOYAmt02053805
IRS990/TotalAssetsGrp/EOYAmt02084942
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013367
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0399142
IRS990/TotalFunctionalExpensesGrp/TotalAmt0412509
IRS990/TotalGrossUBIAmt016
IRS990/TotalLiabilitiesBOYAmt0123320
IRS990/TotalLiabilitiesEOYAmt0146203
IRS990/TotalLiabilitiesGrp/BOYAmt0123320
IRS990/TotalLiabilitiesGrp/EOYAmt0146203
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01930485
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01938739
IRS990/TotalOtherCompensationAmt016311
IRS990/TotalProgramServiceExpensesAmt0399142
IRS990/TotalProgramServiceRevenueAmt0383456
IRS990/TotalReportableCompFromOrgAmt039600
IRS990/TotalRevenueGrp/ExclusionAmt055344
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0383456
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0438816
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt016
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02053805
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02084942
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01930485
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01938739
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MONTE KANN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine10SVEA MUTUAL INSURANCE ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0SVEA
ReturnHeader/Filer/EIN0426073120
ReturnHeader/Filer/PhoneNum03192542288
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 35
ReturnHeader/Filer/USAddress/City0SWEDESBURG
ReturnHeader/Filer/USAddress/State0IA
ReturnHeader/Filer/USAddress/ZIPCode052652

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,084,942
Liabilities
$146,203
Net assets
$1,938,739
Revenue
$438,816
Expenses
$412,509
Net income
$26,307
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.85$0.26$2.59$0.55$0.44$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.75$0.22$2.53$0.48$0.33$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.59$0.22$2.37$0.49$0.28$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.39$0.19$2.19$0.50$0.51$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$0.21$2.19$0.48$0.17$0.31
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.19$2.06$0.53$0.45$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$0.23$1.94$0.51$0.47$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.14$0.19$1.96$0.46$0.38$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.07$0.17$1.91$0.46$0.56$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.14$0.18$1.97$0.44$0.38$0.07
2013Detailed filing. Detailed filing data is available for this year.$2.08$0.15$1.94$0.44$0.41$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.12$1.93$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.11$1.91$0.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.11$1.81$0.35