Fayette Water Company
- Assets
- $20.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Brownstown, IL
- Founding
- 12/1996
- Data as of
- 06/2022
- EIN
- 37-1279790
Organization Overview
Fayette Water Company is located in Brownstown, IL. The organization was established in 1996. 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 06/2022, Fayette Water Company employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fayette Water Company 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 06/2022, Fayette Water Company generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 2.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RURAL WATER DELIVERY SYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE APPROXIMATELY 217,016,200 GALLONS OF WATER TO OVER 2,100 RURAL CUSTOMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Howard Secretary | OfficerTrustee | 2 | $0 |
David Harrison Vice President | OfficerTrustee | 4 | $0 |
Andy Zeaman Treasurer | OfficerTrustee | 2 | $0 |
Jason Trexler Director | Trustee | 1 | $0 |
Kenny Barr Director | Trustee | 1 | $0 |
Dennis L Vaughn President | OfficerTrustee | 4 | $6,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C&s Companies Inc Engineering | 6/29/20 | $236,103 |
Milano & Grunlog Engineering | 6/29/20 | $170,444 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $61,058 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $97,200 |
| 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 | $158,258 |
| Total Program Service Revenue | $2,036,149 |
| Investment income | $8,542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,215,156 |
| 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. | $94,428 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,857 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,842 |
| Payroll taxes | $29,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,819 |
| Fees for services: Accounting | $13,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,400 |
| Advertising and promotion | $1,816 |
| Office expenses | $47,049 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,639 |
| Travel | $38,040 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $286,039 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $714,678 |
| Insurance | $47,126 |
| All other expenses | $6,345 |
| Total functional expenses | $2,213,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $557,733 |
| Savings and temporary cash investments | $786,979 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $280,536 |
| 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 | $0 |
| Net Land, buildings, and equipment | $18,854,692 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,479,940 |
| Accounts payable and accrued expenses | $69,868 |
| Grants payable | $0 |
| Deferred revenue | $294,384 |
| 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 | $9,751,782 |
| Other liabilities | $93,100 |
| Total liabilities | $10,209,134 |
| Net assets without donor restrictions | $10,270,806 |
| 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 | $20,479,940 |