Dan River Water Inc

Organization Overview

Dan River Water Inc is located in Eden, NC. The organization was established in 1969. 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, Dan River Water Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dan River Water 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 06/2022, Dan River Water Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 4.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SALE OF WATER TO RURAL RESIDENTS OF ROCKINGHAM COUNTY, NORTH CAROLINA

Describe the Organization's Program Activity:

Part 3 - Line 4a

SALE OF WATER TO RURAL RESIDENTS OF ROCKINGHAM COUNTY, NORTH CAROLINA


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Board, Officers & Key Employees

Name (title)Compensation
John Edwards
President
$5,250
Daniel Fargis
Treasurer
$5,250
John Hylton Jr
Vice-President
$5,250
Carter Combs
Secretary
$4,900
James Anderson
Director
$2,525
Albert Strader
Director
$2,525

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$2,702,891
Investment income $14,300
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 $2,761,226

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