Brookings-Deuel Rural Water System Inc
- Assets
- $26.7m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Toronto, SD
- Founding
- 08/1989
- Data as of
- 12/2023
- EIN
- 46-0321763
Organization Overview
Brookings-Deuel Rural Water System Inc is located in Toronto, SD. The organization was established in 1989. 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, Brookings-Deuel Rural Water System Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brookings-Deuel 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 12/2023, Brookings-Deuel Rural Water System Inc generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 5.1% 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
SALE OF WATER TO MEMBERS IN BROOKINGS AND DEUEL COUNTIES IN SOUTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF WATER TO FARMS AND RURAL COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Wilts Manager | 40 | $136,062 | |
Reed Andries General Manager | Officer | 40 | $21,265 |
Gary Johnson Director | Trustee | 1 | $4,050 |
Douglas Feten Chairman | Officer | 1 | $4,050 |
Scott Brandenburger Secretary | Officer | 1 | $3,850 |
Troy Lenning Treasurer | Officer | 1 | $3,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,748,610 |
| 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 | $3,748,610 |
| Total Program Service Revenue | $3,304,866 |
| Investment income | $81,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,740 |
| Net Gain/Loss on Asset Sales | $17,889 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,495,632 |
| 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. | $181,677 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $383,231 |
| Pension plan accruals and contributions | $126,291 |
| Other employee benefits | $185,052 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,998 |
| Fees for services: Accounting | $9,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,112 |
| Advertising and promotion | $20,295 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,706 |
| Interest | $207,465 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $917,009 |
| Insurance | $36,086 |
| All other expenses | $313,453 |
| Total functional expenses | $3,358,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $802,420 |
| Savings and temporary cash investments | $252,187 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $241,550 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $365,799 |
| Prepaid expenses and deferred charges | $49,612 |
| Net Land, buildings, and equipment | $21,681,043 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,320,005 |
| Total assets | $26,712,616 |
| Accounts payable and accrued expenses | $270,560 |
| 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 | $9,397,020 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,667,580 |
| Net assets without donor restrictions | $16,883,736 |
| Net assets with donor restrictions | $161,300 |
| 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 | $26,712,616 |