Decatur County Rural Water Corporation
- Assets
- $16.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Greensburg, IN
- Founding
- 03/1991
- Data as of
- 12/2023
- EIN
- 35-1364063
Organization Overview
Decatur County Rural Water Corporation is located in Greensburg, IN. The organization was established in 1991. 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 12/2023, Decatur County Rural Water Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Decatur County Rural Water Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Decatur County Rural Water Corporation generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER SERVICE TO MEMBERS IN RURAL COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL WATER LINES, TOWERS AND EQUIPMENT WERE CONSTRUCTED IN PRIOR YEARS WHICH ALLOWED WATER TO BE PROVIDED TO MEMBERS BEGINNING IN 1997.
OTHER PROGRAM SERVICE EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Bohman President | OfficerTrustee | 2 | $0 |
Dennis Collins Secretary | OfficerTrustee | 1 | $0 |
Jeff Deck Board Member | Trustee | 1 | $0 |
Deric Hudson Vice Preside | OfficerTrustee | 1 | $0 |
Brian Huff Board Member | Trustee | 1 | $0 |
Tom Luken Board Member | Trustee | 1 | $0 |
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 | $1,369,769 |
| Investment income | $17,623 |
| 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 | $1,387,392 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,507 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,207 |
| Payroll taxes | $15,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,834 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $590 |
| Office expenses | $13,814 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,965 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $138,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $294,671 |
| Insurance | $25,081 |
| All other expenses | $45,668 |
| Total functional expenses | $1,206,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171 |
| Savings and temporary cash investments | $3,726,692 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $174,879 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $70,955 |
| Prepaid expenses and deferred charges | $3,676 |
| Net Land, buildings, and equipment | $12,404,120 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,380,493 |
| Accounts payable and accrued expenses | $134,753 |
| Grants payable | $0 |
| Deferred revenue | $29,120 |
| 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 | $3,486,519 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,650,392 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $323,575 |
| Paid-in or capital surplus, or land, building, or equipment fund | $10,884,642 |
| Retained earnings, endowment, accumulated income, or other funds | $1,521,884 |
| Total liabilities and net assets/fund balances | $16,380,493 |