Boyleston Waterworks Corporation
- Assets
- $1.6m
- Revenue
- $235.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Fairfield, IL
- Founding
- 10/1973
- Data as of
- 03/2024
- EIN
- 37-0958161
Organization Overview
Boyleston Waterworks Corporation is located in Fairfield, IL. The organization was established in 1973. 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 03/2024, Boyleston Waterworks Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boyleston Waterworks 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 03/2024, Boyleston Waterworks Corporation generated $235.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $250.5k during the year ending 03/2024. While expenses have increased by 0.5% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
RURAL WATER UTILITY SYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPERATION, MAINTENANCE, AND EXPANSION OF A RURAL WATER UTILITY SYSTEM. THE TOTAL NUMBER OF MEMBERS SERVED IS APPROXIMATELY 380
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clinton Legg Secretary | OfficerTrustee | 0 | $36 |
Galen Dunn President | OfficerTrustee | 0 | $36 |
Samuel R Resor Treasurer | OfficerTrustee | 5 | $2,635 |
Sharon K Young Director | OfficerTrustee | 0 | $16,685 |
William Dale Young Laborer | Officer | 7 | $6,549 |
Rebecca L Couch Director | Trustee | 0 | $361 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,000 |
| 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 | $5,000 |
| Total Program Service Revenue | $221,274 |
| Investment income | $9,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,770 |
| 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. | $3,174 |
| Compensation of current officers, directors, key employees. | $3,174 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,294 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,197 |
| Fees for services: Other | $10 |
| Advertising and promotion | $242 |
| Office expenses | $435 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160 |
| Interest | $10,222 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,505 |
| Insurance | $5,869 |
| All other expenses | $20,313 |
| Total functional expenses | $250,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,426 |
| Savings and temporary cash investments | $42,025 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,344 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,555 |
| Net Land, buildings, and equipment | $1,265,297 |
| Investments—publicly traded securities | $276,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,632,391 |
| Accounts payable and accrued expenses | $14,296 |
| 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 | $468,183 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,500 |
| Total liabilities | $484,979 |
| Net assets without donor restrictions | $1,147,412 |
| 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 | $1,632,391 |