Driftwood Utilites Inc

Organization Overview

Driftwood Utilites Inc is located in Columbus, IN. The organization was established in 1974. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Driftwood Utilites Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Driftwood Utilites Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Driftwood Utilites Inc generated $928.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $904.8k during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE SOLE PURPOSE OF THE ORGANIZATION IS TO PROVIDE SEWAGE TREATMENT AND DISPOSAL SERVICES TO ITS MEMBERS IN THE TAYLORSVILLE, INDIANA AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE SEWAGE AND DISPOSAL SERVICES IN THE EASTERN BARTHOLOMEW COUNTY AREA IN THE STATE OF INDIANA.


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Board, Officers & Key Employees

Name (title)Compensation
Jason Newton
President
$12,450
James Stevens
Vice Preside
$450
Pat Bryant
Board Member
$425
Roger Brandt
Secretary &
$375
Chris West
Treasurer &
$375

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$927,289
Investment income $1,072
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $928,361

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