B D M Rural Water System Inc
- Assets
- $23.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Britton, SD
- Founding
- 09/1984
- Data as of
- 12/2022
- EIN
- 36-3309890
Organization Overview
B D M Rural Water System Inc is located in Britton, SD. The organization was established in 1984. 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, B D M Rural Water System Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B D M Rural Water System Inc 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, B D M Rural Water System Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 1.7% per year over the past 8 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
TO PROVIDE CLEAN WATER TO RURAL COMMUNITIES AT AFFORDABLE PRICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER TREATMENT AND DISTRIBUTION TO OVER 2000 RURAL CUSTOMERS AND TEN SMALL RURAL COMMUNITIES AND NATIVE AMERICAN HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hal Treeby Secretary | Officer | 2 | $0 |
Kevin Deutsch Vice Chairma | Officer | 2 | $0 |
Torre Raap Chairman | Officer | 5 | $0 |
Marc O'brien Director | Officer | 2 | $0 |
Terry Leonhardt Director | Trustee | 2 | $0 |
Alex Suther Director | Trustee | $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 | $3,221,385 |
| Investment income | $1,848 |
| 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 | $3,337,382 |
| 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 | $523,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $144,759 |
| Payroll taxes | $39,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,752 |
| Fees for services: Accounting | $22,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,282 |
| Advertising and promotion | $8,252 |
| Office expenses | $21,389 |
| Information technology | $11,584 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $36,155 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $4,736 |
| Conferences, conventions, and meetings | $0 |
| Interest | $291,578 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,175,750 |
| Insurance | $42,447 |
| All other expenses | $0 |
| Total functional expenses | $3,123,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $740,990 |
| Savings and temporary cash investments | $2,138,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300,865 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $250,012 |
| Prepaid expenses and deferred charges | $3,675 |
| Net Land, buildings, and equipment | $19,736,380 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $475,887 |
| Total assets | $23,645,809 |
| Accounts payable and accrued expenses | $145,415 |
| Grants payable | $0 |
| Deferred revenue | $1,556,789 |
| 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 | $7,151,033 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,408 |
| Total liabilities | $8,879,645 |
| Net assets without donor restrictions | $14,766,164 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $23,645,809 |
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|---|---|---|
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Black Hills Electric Cooperative Inc Custer, SD | $75,104,972 | $23,022,656 |
Roseau Electric Cooperative Inc Roseau, MN | $41,619,663 | $19,513,008 |
Hill County Electric Cooperative Inc Havre, MT | $40,815,029 | $18,033,515 |
Lewis And Clark Rural Water System Inc Tea, SD | $426,307,061 | $39,792,007 |
West Central Electric Cooperative Incorporated Murdo, SD | $53,451,686 | $18,722,038 |
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Rathbun Regional Water Association Inc Centerville, IA | $143,535,509 | $19,524,917 |
Ravalli County Electric Cooperative Inc Victor, MT | $44,767,170 | $17,487,477 |
Wheatland Rural Electric Association Wheatland, WY | $32,258,120 | $17,112,530 |
T I P Rural Electric Cooperative Brooklyn, IA | $57,344,467 | $17,059,790 |
Nishnabotna Valley Rural Electric Cooperative Harlan, IA | $46,708,124 | $17,798,413 |