2015-05-22T12:17:13-05:00 2014-12-31 HARBESON FLETCHER & BATEH LLP 637 PARK ST JACKSONVILLE FL 32204 990 2014-01-01 592874344 MACHINERY INSURANCE INC AN ASSESSABLE MUTUAL INSURER % FITZHUGH K POWELL SR MACH 9043533181 219 NEWNAN ST Suite JACKSONVILLE FL 32202 FITZHUGH K POWELL SR PRESIDENT 9043533181 2015-05-22 true M RONALD HARGRAVES JR P01057483 9043533181 2014 2016-02-25 16:41:14Z FITZHUGH K POWELL SR 219 NEWNAN ST JACKSONVILLE FL 32202 454377 false X N/A X 1988 FL PROVIDING SURETY BONDS FOR ITS PRINCIPALS OBLIGATING THE COMPANY TO OBLIGATING THE COMPANY TO IDEMNIFY THIRD PARTIES SHOULD THE PRINCIPAL FAIL TO PERFORM AS PROMISED. 6 6 0 0 0 0 0 0 112909 362859 23774 9413 16 0 136699 372272 0 0 0 0 8000 14000 0 0 0 102748 382410 110748 396410 25951 -24138 2585225 2713664 173561 377455 2411664 2336209 PROVIDING SURETY BONDS FOR ITS PRINCIPALS OBLIGATING THE COMPANY TO INDEMNIFY THIRD PARTIES SHOULD THE PRINCIPAL FAIL TO PERFORM AS PROMISED. false false 396410 362859 SURETY BONDS FOR PRINCIPALS OBLIGATING THE COMPANY TO INDEMNIFY THIRD PARTIES SHOULD THE PRINCIPAL FAIL TO PERFORM AS PROMISED. 396410 false false false false false false false false false true false false true false 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 6 0 true 0 false false false false false false X 6 6 true false false false true true true true true false false true true true true false true false X FITZHUGH K POWELL SR 9043533181 219 NEWNAN ST JACKSONVILLE FL 32202 FITZHUGH K POWELL SR PRESIDENT 2.0 0.0 X X 2500 0 0 RONALD T ROY SECRETARY 0.0 0.0 X X 2500 0 0 RANDAL L RINGHAVER VICE PRESIDENT 0.0 0.0 X X 2500 0 0 ROSEMARY G KLEMMT ASST SECRETARY/ASST TREASURER 4.0 0.0 X X 2000 0 0 STEPHEN C CUMELLA DIRECTOR 0.0 0.0 X 2500 0 0 FITZHUGH K POWELL JR DIRECTOR 0.0 0.0 X 2000 0 0 BENJAMIN K POWELL DIRECTOR 0.0 0.0 X 0 0 0 14000 0 0 0 false false false NA 0 X 0 INSURANCE PREMIUMS EARNED 524298 362859 362859 362859 22323 22323 0 0 0 0 0 69195 82105 -12910 -12910 0 0 0 0 372272 362859 22323 X 0 0 0 0 14000 14000 0 0 0 0 0 25500 25500 150 150 29526 29526 0 0 3456 3456 0 4889 4889 0 0 0 0 0 0 0 0 0 0 5067 5067 COMMISSIONS 167952 167952 FEES, LICENSES & TAXES 11157 11157 RATING SERVICE 7200 7200 STATUTORY LOSS RESERVE 69800 69800 57713 57713 396410 396410 X 0 449327 1994461 143482 0 0 43303 50674 0 0 0 0 0 0 0 0 0 0 0 244366 1758492 250000 250000 0 0 0 0 53095 61689 2585225 2713664 0 25930 0 0 0 0 0 0 0 0 0 0 0 0 0 0 173561 351525 173561 377455 X 0 0 163500 163500 2248164 2172709 2411664 2336209 2585225 2713664 X -24138 -59610 8293 X false true X true FL DEPT OF INSURANCE DEPOSIT 250000 F 250000 0 STATUTORY LOSS RESERVES 101400 UNEARNED PREMIUMS 215112 PREMIUM TAXES PAYABLE 2239 HURRICANE ASSESSMENT PAYABLE 1315 ESCROW DEPOSITS 31459 351525 X 198045 -59610 -59610 257655 114617 114617 372272 241739 241739 154671 154671 396410 OTHER AMOUNTS INCLUDED ON PART XI, LINE 1 BUT NOT ON FORM 990 STATUTORY EARNED PREMIUMS IN EXCESS OF GAAP $114,617 OTHER AMOUNTS INCLUDED ON PART XII, LINE 1 BUT NOT ON FORM 990 STATUTORY LOSS RESERVE $ 69,800 POLICY ACQUISITION COSTS INCREASE FOR GAAP $ 84,871 ------------------------------------------ --------- TOTAL $ 154,671 FIN 48 (ASC 740) FOOTNOTE THE COMPANY FILES AN ANNUAL INFORMATION TAX RETURN (FORM 990) WHICH IS SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF GENERALLY UP TO THREE YEARS AFTER FILING. MANAGEMENT CONTINUALLY MONITORS AND EVALUATES EXPIRING STATUTES OF LIMITATIONS, CHANGES IN TAX LAWS AND NEW AUTHORITATIVE RULINGS. THE COMPANY BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART VI, SECTION B, LINE 11B - REVIEW OF FORM 990 ORGANIZATION DISTRIBUTES ITS FORM 990 ANNUALLY TO BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO FILING. PART VI, SECTION B, LINE 12A-C ORGANIZATION'S OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY IN WRITING ANY KNOWN INTERESTS THAT MIGHT BE POTENTIAL CONFLICTS OF INTEREST. PART VI, SECTION C, LINE 19 - DISCLOSURE OF INFORMATION TO THE PUBLIC UPON REQUEST, ORGANIZATION WILL MAKE AVAILABLE TO THE PUBLIC COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. PAGE 12, PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES CHANGE IN FUTURE INVESTMENT INCOME $ 8,293 PAGE 6, LINE 2 - BOARD RELATIONSHIPS THE ORGANIZATION'S PRESIDENT HAS TWO FAMILY MEMBERS WHO SERVE ON THE BOARD OF DIRECTORS. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BANK CHARGES TOTAL EXPENSES:317 PROGRAM SERVICES:317 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:FINANCIAL EXAMINATION FEES TOTAL EXPENSES:57380 PROGRAM SERVICES:57380 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISCELLANEOUS TOTAL EXPENSES:16 PROGRAM SERVICES:16