Southern Oklahoma Water Corporation

Organization Overview

Southern Oklahoma Water Corporation is located in Ardmore, OK. The organization was established in 1975. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Oklahoma Water 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 12/2021, Southern Oklahoma Water Corporation generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 6.0% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

SOUTHERN OKLAHOMA WATER CORPORATION WAS FOUNDED AS AN EXEMPT ORGANIZATION FOR THE SOLE PURPOSE OF PROVIDING A PUBLIC DISTRIBUTION SYSTEM OF SAFE CLEAN DRINKING WATER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PRODUCTION AND DISTRIBUTION OF SAFE DRINKING WATER TO OVER 4000 RURAL MEMBERS IN SOUTH CENTRAL OKLAHOMA.


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Board, Officers & Key Employees

Name (title)Compensation
Roger Dethloff
General Manager
$110,428
Troy Duke
Secretary/ Treasurer
$0
Lewis Hope
Vice Chairman
$0
Glen Jones
Chairman
$0
Jake Bramlett
Member
$0
Jacob Tynes
Member At Large
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
M & T Septic
Construction
$781,749
Lone Hickory Cattle
Construction
$322,978
Blue Cross Blue Sheild
Health Insurance
$177,477
Core & Main
Supplier
$373,456
S & S Telemetry
Construction
$133,646
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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$4,226,321
Investment income $7,043
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 $4,300,643

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