St Henry Water Corporation
- Assets
- $4.9m
- Revenue
- $549.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Ferdinand, IN
- Founding
- 04/1971
- Data as of
- 12/2021
- EIN
- 35-1171267
Organization Overview
St Henry Water Corporation is located in Ferdinand, IN. The organization was established in 1971. 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, St Henry Water Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Henry 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 12/2021, St Henry Water Corporation generated $549.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $449.6k during the year ending 12/2021. While expenses have increased by 3.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ST. HENRY WATER CORP. IS A RURAL WATER UTILITY WITH APPROXIMATELY 1292 MEMBERS. THE ORGANIZATIONS MISSION IS TO PROVIDE MEMBERS WITH SAFE DRINKING WATER AT A REASONABLE COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Kessens V.P. | OfficerTrustee | 2 | $599 |
Jack Maxey Treasurer | OfficerTrustee | 3 | $599 |
Roland Terwiske Pres. | OfficerTrustee | 3 | $599 |
Dave Pund Secretary | OfficerTrustee | 2 | $599 |
Don Meyer Director | Trustee | 1 | $599 |
Norbert Lindauer Director | Trustee | 1 | $599 |
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 | $0 |
| Investment income | $5,538 |
| 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 | $444,222 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $549,274 |
| 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. | $4,193 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,648 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,329 |
| Fees for services: Management | $15,726 |
| Fees for services: Legal | $4,467 |
| Fees for services: Accounting | $6,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,871 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,869 |
| Travel | $8,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,260 |
| Interest | $49,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,211 |
| Insurance | $13,899 |
| All other expenses | $0 |
| Total functional expenses | $449,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,141,514 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,899 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,208 |
| Prepaid expenses and deferred charges | $2,418 |
| Net Land, buildings, and equipment | $3,146,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $511,562 |
| Total assets | $4,903,841 |
| Accounts payable and accrued expenses | $48,638 |
| 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 | $1,440,205 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,488,843 |
| 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 | $3,414,998 |
| Total liabilities and net assets/fund balances | $4,903,841 |
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