Southwestern Bartholomew Water Corporation
- Assets
- $9.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Columbus, IN
- Founding
- 04/1986
- Data as of
- 12/2022
- EIN
- 35-1158567
Organization Overview
Southwestern Bartholomew Water Corporation is located in Columbus, IN. The organization was established in 1986. 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 12/2022, Southwestern Bartholomew Water Corporation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwestern Bartholomew Water Corporation 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 12/2022, Southwestern Bartholomew Water Corporation generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 2.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTE WATER TO MEMBERS IN THE SURROUNDING SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION SOLD APPROXIMATELY 144,548,000 GALLONS OF WATER TO OVER 3,194 CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nolan Keith Maus Member | Trustee | 1 | $0 |
Kelly Babb Secretary | Officer | 1 | $0 |
Joseph L Lohmeyer Vice Preside | Officer | 1 | $0 |
Eric Schneider Treasurer | Officer | 1 | $0 |
Bradley Vacketta President | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phoenix Fabricators Construction | 12/30/19 | $647,643 |
Infrastructure Systems Inc Construction | 12/30/19 | $266,904 |
R Miller Excavating Inc Construction | 12/30/19 | $183,762 |
Commonwealth Engineering Engineering | 12/30/19 | $138,816 |
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 | $2,145,570 |
| Investment income | $67 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,059 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,133,578 |
| 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. | $2,357 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $304,828 |
| Pension plan accruals and contributions | $6,873 |
| Other employee benefits | $78,716 |
| Payroll taxes | $26,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $836 |
| Fees for services: Accounting | $30,614 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,767 |
| Advertising and promotion | $0 |
| Office expenses | $63,433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,500 |
| Interest | $162,122 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $268,859 |
| Insurance | $23,996 |
| All other expenses | $43,736 |
| Total functional expenses | $1,750,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,886 |
| Savings and temporary cash investments | $472,050 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $248,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $59,954 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,460,548 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $455,709 |
| Total assets | $9,101,347 |
| Accounts payable and accrued expenses | $71,413 |
| 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 | $4,709,192 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $250 |
| Total liabilities | $4,780,855 |
| 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 | $2,676,854 |
| Retained earnings, endowment, accumulated income, or other funds | $1,643,638 |
| Total liabilities and net assets/fund balances | $9,101,347 |