Rural Water District No 1
- Assets
- $2.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Wilburton, OK
- Founding
- 07/1967
- Data as of
- 12/2021
- EIN
- 73-0758132
Organization Overview
Rural Water District No 1 is located in Wilburton, OK. The organization was established in 1967. 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 12/2021, Rural Water District No 1 employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rural Water District No 1 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 12/2021, Rural Water District No 1 generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SALE OF WATER TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED TO PROVIDE DRINKING WATER TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cliff Downing Manager | OfficerTrustee | 40 | $50,493 |
Robert Yother Member | Officer | 1 | $0 |
Mark Ward Member | Officer | 1 | $0 |
Ted Evicks Member | Officer | 1 | $0 |
Ramon Guy Treasurer | Officer | 1 | $0 |
Duane Jeffery Member | Officer | 1 | $0 |
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 | $1,393,940 |
| Investment income | $3,271 |
| 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 | $1,422,844 |
| 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. | $50,493 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,834 |
| Pension plan accruals and contributions | $18,529 |
| Other employee benefits | $0 |
| Payroll taxes | $39,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,160 |
| Fees for services: Accounting | $2,900 |
| 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 | $5,855 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,214 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,138 |
| Insurance | $17,381 |
| All other expenses | $0 |
| Total functional expenses | $1,207,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,244,208 |
| Savings and temporary cash investments | $458,964 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,581 |
| 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 | $9,096 |
| Net Land, buildings, and equipment | $927,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,740,525 |
| Accounts payable and accrued expenses | $109,001 |
| 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 | $0 |
| Total liabilities | $109,001 |
| Net assets without donor restrictions | $2,631,524 |
| 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 | $2,740,525 |
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|---|---|---|
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Aqua Water Supply Corporation Bastrop, TX | $136,381,619 | $28,670,097 |
Sedgwick County Electric Cooperative Association Inc Cheney, KS | $36,473,709 | $18,891,382 |
Roosevelt County Electric Cooperative Incorporated Portales, NM | $65,511,753 | $18,141,245 |
Gascosage Electric Cooperative Dixon, MO | $57,774,455 | $19,748,899 |
North Central Missouri Electric Cooperative Inc Milan, MO | $39,341,969 | $18,294,115 |
City Corporation Russellville, AR | $192,508,552 | $18,660,828 |
Lewis County Rural Electric Cooperative Association Lewistown, MO | $54,864,852 | $16,122,435 |
Consolidated Mutual Water Company Lakewood, CO | $221,800,692 | $15,225,271 |
Lyon-Coffey Electric Cooperative Inc Burlington, KS | $47,592,400 | $15,534,958 |
Ark Valley Electric Cooperative Assn Inc South Hutchinson, KS | $45,661,646 | $15,134,706 |
Columbus Electric Cooperative Inc Deming, NM | $51,291,020 | $15,018,624 |