Clear Water Service Corporation is located in Mattoon, IL. The organization was established in 1977. 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 09/2022, Clear Water Service Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clear Water Service 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 09/2022, Clear Water Service Corporation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.5m during the year ending 09/2022. 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 RURAL WATER SERVICE TO RESIDENTS OF COLES AND CUMBERLAND COUNTIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE OVER 100,000,000 GALLONS OF WATER TO OVER 2,600 RURAL CUSTOMERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kory Culp CEO | Officer | 40 | $77,861 |
Eldean Nottmeyer General Mgr, | Officer | 40 | $16,962 |
Aaron Holt President | OfficerTrustee | 2 | $0 |
Pam Wright Treasurer | OfficerTrustee | 1 | $0 |
Stan Uphoff Vice-Preside | OfficerTrustee | 2 | $0 |
Kyndy Schaefer Secretary | OfficerTrustee | 1 | $0 |
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 | $1,192,875 |
Investment income | $5,834 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $19,000 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,221,269 |
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. | $142,618 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $221,303 |
Pension plan accruals and contributions | $24,414 |
Other employee benefits | $44,208 |
Payroll taxes | $30,747 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $25,667 |
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 | $30,127 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $36,431 |
Travel | $848 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $283,861 |
Insurance | $19,633 |
All other expenses | $153,039 |
Total functional expenses | $1,466,443 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $67,221 |
Savings and temporary cash investments | $1,036,278 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $137,694 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $53,974 |
Prepaid expenses and deferred charges | $43,958 |
Net Land, buildings, and equipment | $3,170,953 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,510,078 |
Accounts payable and accrued expenses | $275,356 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $9,600 |
Total liabilities | $284,956 |
Net assets without donor restrictions | $4,225,122 |
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 | $4,510,078 |
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Gascosage Electric Cooperative Dixon, MO | $57,774,455 | $19,748,899 |
Orange County Rural Electric Membership Corporation Orleans, IN | $101,879,716 | $17,771,155 |
North Central Missouri Electric Cooperative Inc Milan, MO | $39,341,969 | $18,294,115 |
Rathbun Regional Water Association Inc Centerville, IA | $143,535,509 | $19,524,917 |
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Clinton County Electric Cooperative Inc Breese, IL | $36,047,909 | $16,814,895 |
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 |
Central Wisconsin Electric Cooperative Rosholt, WI | $60,789,666 | $16,195,495 |