CHERRY VALLEY COOPERATIVE INSURANCE CO

Address
PO BOX 9062 8800 SHERIDAN DRIVE
WILLIAMSVILLE, NY 142319062
Contact
Phone: +1 (716) 632-5433
Nonprofit
NTEE: Y20 - Insurance Providers, Services
EIN: 15-0267887

Mission

THE ORGANIZATION PROVIDES PROPERTY AND CASUALTY INSURANCE TO POLICYHOLDERS.
 20152014201320122011
Basic features of the organization
Year of formation1880
Subsection code15
PF filing required0    
Metropolitan statistical area1280
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$13,850.00$13,250.00$10,850.00$11,200.00$12,050.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers00000
Number of highly compensated contractors000  
Personnel
Assad, Gordon
TitleDIRECTORDIRECTORCEOPRESIDENT & CEOPRESIDENT & CEO
Name of key/compensated personGORDON P ASSADGORDON P ASSADGORDON P ASSADGORDON P ASSADGORDON P ASSAD
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org0.100.100.500.500.50
Reportable compensation from org$2,050.00$2,050.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$2,800.00$2,800.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$2,800.00
Cartenuto, Gina
TitleVICE PRESIDENTVICE PRESIDENTVICE PRESIDENT  
Name of key/compensated personGINA M CARTENUTOGINA M CARTENUTOGINA M CARTENUTO  
Position of compensated person
Current officerTrueTrueTrue  
Average hours per week working for org0.500.500.50  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$2,000.00$2,000.00$2,000.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Crosby, Donald
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personDONALD R CROSBYDONALD R CROSBYDONALD R CROSBYDONALD R CROSBYDONALD R CROSBY
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.100.100.100.100.10
Reportable compensation from org$2,300.00$2,300.00$2,050.00$2,050.00$2,050.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Fulmer, James
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personJAMES W FULMERJAMES W FULMERJAMES W FULMERJAMES W FULMERJAMES W FULMER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.100.100.100.100.10
Reportable compensation from org$1,800.00$1,200.00$1,200.00$1,800.00$1,800.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Lowe, Robert
TitleDIRECTORDIRECTORDIRECTORVICE PRESIDENTVICE PRESIDENT
Name of key/compensated personROBERT H LOWEROBERT H LOWEROBERT H LOWEROBERT H LOWEROBERT H LOWE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officer   TrueTrue
Average hours per week working for org0.100.100.100.500.50
Reportable compensation from org$2,050.00$2,050.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$500.00$2,500.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$2,500.00
Mulcahy, Maureen
TitleVICE PRESIDENTVICE PRESIDENTVICE PRESIDENT  
Name of key/compensated personMAUREEN A MULCAHYMAUREEN A MULCAHYMAUREEN A MULCAHY  
Position of compensated person
Current officerTrueTrueTrue  
Average hours per week working for org0.500.500.50  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$2,000.00$2,000.00$2,000.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Noble, John
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personJOHN A NOBLEJOHN A NOBLEJOHN A NOBLEJOHN A NOBLEJOHN A NOBLE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.100.100.100.100.10
Reportable compensation from org$2,050.00$2,050.00$2,300.00$1,450.00$2,050.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Orlowski, Norman
TitlePRESIDENT AND CEOPRESIDENT AND CEOPRESIDENTVICE PRESIDENTVICE PRESIDENT
Name of key/compensated personNORMAN J ORLOWSKI JRNORMAN J ORLOWSKI JRNORMAN J ORLOWSKI JRNORMAN J ORLOWSKI JRNORMAN J ORLOWSKI JR
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$2,400.00$2,400.00$2,200.00$2,200.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$2,200.00
Poelma, Linwood
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personLINWOOD D POELMALINWOOD D POELMALINWOOD D POELMALINWOOD D POELMALINWOOD D POELMA
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.100.100.100.100.10
Reportable compensation from org$1,800.00$1,800.00$1,800.00$1,800.00$1,800.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Sandler, Philip
Title  DIRECTORDIRECTORDIRECTOR
Name of key/compensated person  PHILIP S SANDLERPHILIP S SANDLERPHILIP S SANDLER
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  0.100.100.10
Reportable compensation from org  $2,300.00$2,300.00$2,300.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Yerdon, Everett
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personEVERETT G YERDONEVERETT G YERDONEVERETT G YERDONEVERETT G YERDONEVERETT G YERDON
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.100.100.100.100.10
Reportable compensation from org$1,800.00$1,800.00$1,200.00$1,800.00$2,050.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTHE ORGANIZATION PROVIDES PROPERTY AND CASUALTY INSURANCE TO POLICYHOLDERS.THE ORGANIZATION PROVIDES PROPERTY AND CASUALTY INSURANCE TO POLICYHOLDERS.THE ORGANIZATION PROVIDES PROPERTY AND CASUALTY INSURANCE TO POLICYHOLDERS.THE ORGANIZATION PROVIDES PROPERTY AND CASUALTY INSURANCE TO POLICYHOLDERS.THE ORGANIZATION PROVIDES PROPERTY AND CASUALTY INSURANCE TO POLICYHOLDERS.
Programs, including revenue & expenses
THE ORGANIZATION PROVIDES PROPERTY AND CASUALTY INSURANCE TO POLICYHOLDERS.
Program descriptionTHE ORGANIZATION PROVIDES PROPERTY AND CASUALTY INSURANCE TO POLICYHOLDERS.THE ORGANIZATION PROVIDES PROPERTY AND CASUALTY INSURANCE TO POLICYHOLDERS.THE ORGANIZATION PROVIDES PROPERTY AND CASUALTY INSURANCE TO POLICYHOLDERS.THE ORGANIZATION PROVIDES PROPERTY AND CASUALTY INSURANCE TO POLICYHOLDERS.THE ORGANIZATION PROVIDES PROPERTY AND CASUALTY INSURANCE TO POLICYHOLDERS.
Financial data
Revenue
Total revenue$304,985.00$279,901.00$266,298.00$299,196.00$295,828.00
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr$7,517.00$6,070.00$4,547.00$6,706.00$8,739.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$1,605.00$1,570.00$1,970.00$1,880.00$0.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$295,863.00$272,261.00$259,781.00$290,610.00$287,089.00
Gross receipts$304,985.00$279,901.00$266,298.00$299,196.00$295,828.00
Other types of revenue
Miscellaneous revenue (total)$1,605.00$1,570.00$1,970.00$1,880.00 
Income from dividends, interest, and similar investments$7,517.00$6,070.00$4,547.00$6,706.00$8,739.00
Net rental income$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$422,251.00$387,294.00$250,978.00$176,001.00$194,370.00
Fees for services
Legal fees (total)$6,717.00$6,567.00$9,238.00$5,961.00$5,608.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$1,734,430.00$1,666,456.00$1,653,170.00$1,656,335.00$1,537,156.00
Total assets, beginning of year$1,666,456.00$1,653,170.00$1,656,335.00$1,537,156.00$1,427,793.00
Total liabilities$435,688.00$250,352.00$129,677.00$148,125.00$152,093.00
Total liabilities, beginning of year$250,352.00$129,677.00$148,125.00$152,093.00$144,188.00
Net assets$1,298,742.00$1,416,104.00$1,523,493.00$1,508,210.00$1,385,063.00
Net assets, beginning of year$1,416,104.00$1,523,493.00$1,508,210.00$1,385,063.00$1,283,605.00
Other liabilities$396,931.00$205,531.00$87,122.00$100,021.00$102,263.00
Other assets$6,809.00$12,043.00$1,895.00$4,513.00$5,812.00
Investments: publicly traded securities$829,194.00$317,988.00$319,992.00$319,941.00$320,339.00
Cash: non-interest bearing$882,533.00$1,330,961.00$1,322,383.00$1,316,619.00$1,190,741.00
Cash: non-interest bearing, beginning of year$1,330,961.00$1,322,383.00$1,316,619.00$1,190,741.00$1,097,817.00
Other financial variables
Revenue less expenses-$117,266.00-$107,393.00$15,320.00$123,195.00$101,458.00
Accounts receivable, net$15,894.00$5,464.00$8,900.00$15,262.00$20,264.00
Accounts payable & accrued expenses$4,197.00$5,265.00$263.00$287.00$227.00
Deferred revenue$34,560.00$39,556.00$42,292.00$47,817.00$49,603.00
Total net assets or fund balances$1,298,742.00$1,416,104.00$1,523,493.00$1,508,210.00$1,385,063.00
Governance and accountability
Number of voting members88999
Number of independent voting members77666
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2015-01-012014-01-012013-01-012012-01-012011-01-01
Tax year end date2015-12-012014-12-012013-12-012012-12-012011-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2016-12-202015-09-212014-09-172013-11-212012-10-20
IRS schema version2015v2.12014v5.02013v3.02012v2.12011v1.2
Filing identifier201632249349300803201522269349300527201402259349302090201332249349300213201232199349300013
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