Franklin County Water Association Inc

Organization Overview

Franklin County Water Association Inc is located in Brookville In, IN. The organization was established in 1974. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Franklin County Water Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin County Water Association Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 12/2022, Franklin County Water Association Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 6 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THIS ORGANIZATION IS TO INSTALL, MAINTAIN AND OPERATE WATER SERVICE LINES TO RESIDENTS OF FRANKLIN COUNTY, INDIANA AND SURROUNDING AREAS AT THE LOWEST COST POSSIBLE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTALLING, MAINTAINING AND OPERATING WATER SERVICE LINES TO RESIDENTS OF FRANKLIN COUNTY, INDIANA AND SURROUNDING AREAS.


INSTALLING, MAINTAINING AND OPERATING WATER SERVICE LINES TO RESIDENTS OF FRANKLIN COUNTY, INDIANA AND SURROUNDING AREAS.


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Board, Officers & Key Employees

Name (title)Compensation
Dan Chesnut
President
$17,525
Jerry Hesselbrock
Director
$7,175
John Mcguire
Treasurer
$3,775
Jennifer Kolb
Vice Preside
$3,425
Neil Lambert
Director
$3,275
Tim Rosenberger
Director
$2,925

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$1,868,232
Investment income $2,492
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 $1,870,724

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