Putnam Community Water Corp
- Assets
- $4.0m
- Revenue
- $507.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Marietta, OH
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 31-0649106
Organization Overview
Putnam Community Water Corp is located in Marietta, OH. The organization was established in 2015. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Putnam Community Water Corp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Putnam Community Water Corp 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, Putnam Community Water Corp generated $507.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $354.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE BY PURCHASE, LEASE OR DRILLING OF WELLS A SOURCE OF WATER FOR THE BENEFIT OF THE RESIDENTS OF MUSKINGUM TOWNSHIP EAST OF THE MUSKINGUM RIVER AND WITHIN A FIVE MILE RADIUS FRM THE SOUTHEAST CORNER OF THE CORPORATION'S OFFICE BUILDING ON TOWNSHIP ROAD 457
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACQUIRE, OPERATE AND MAINTAIN A WATER DISTRIBUTION, SUPPLY AND TREATMENT SYSTEM THROUGHOUT SUCH SERVICE AREA AS ECONOMICALLY INDICATED, FOR ITS MEMBERS, AT ACTUAL COST.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Schoonover President | OfficerTrustee | 2 | $2,100 |
John Kuch Director | Trustee | 2 | $1,400 |
Jim Bir Director | Trustee | 2 | $1,300 |
Randy Barengo Vice President | OfficerTrustee | 2 | $1,250 |
Jim Wark Director | Trustee | 2 | $1,000 |
John Hirschfield Director | Trustee | 2 | $900 |
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 | $497,373 |
| Investment income | $9,747 |
| 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 | $507,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,850 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,239 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,356 |
| Fees for services: Management | $203 |
| Fees for services: Legal | $1,905 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,189 |
| Advertising and promotion | $0 |
| Office expenses | $1,997 |
| Information technology | $852 |
| Royalties | $0 |
| Occupancy | $39,404 |
| Travel | $754 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,257 |
| Payments to affiliates | $102,134 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,149 |
| All other expenses | $1,380 |
| Total functional expenses | $354,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,877 |
| Savings and temporary cash investments | $1,030,031 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,843 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,724 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,588,254 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $244,235 |
| Total assets | $3,974,964 |
| Accounts payable and accrued expenses | $2,453 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,620,327 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,472 |
| Total liabilities | $1,671,252 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,303,712 |
| Total liabilities and net assets/fund balances | $3,974,964 |
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