Deer Creek Water Corporation
- Assets
- $21.5m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Edmond, OK
- Founding
- 04/1974
- Data as of
- 10/2023
- EIN
- 73-0945100
Organization Overview
Deer Creek Water Corporation is located in Edmond, OK. The organization was established in 1974. 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 10/2023, Deer Creek Water Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deer Creek 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 10/2023, Deer Creek Water Corporation generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.7m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 4 years. 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
PROVIDE WATER UTILITY SERVICES TO THE MEMBERS IN DEER CREEK AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER TO MEMBERS
PROVIDE WATER TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Blair Vice Preside | Officer | $0 | |
Darryl Hay Director | Officer | $0 | |
Melvin Lawson President | Officer | $0 | |
Brett Patillo Director | Officer | $0 | |
Maudean Wakefield Sec/treas | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $46,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,000 |
| Noncash contributions included in lines 1a–1f | $9,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,000 |
| Total Program Service Revenue | $0 |
| Investment income | $179,155 |
| 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 | $2,878,249 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $484,768 |
| Pension plan accruals and contributions | $62,479 |
| Other employee benefits | $186,307 |
| Payroll taxes | $39,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $134,921 |
| Fees for services: Accounting | $7,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,835 |
| Advertising and promotion | $0 |
| Office expenses | $18,720 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,435 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $100,524 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $29,287 |
| All other expenses | $8,754 |
| Total functional expenses | $1,732,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $853 |
| Savings and temporary cash investments | $4,527,221 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $264,956 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $65,470 |
| Prepaid expenses and deferred charges | $28,664 |
| Net Land, buildings, and equipment | $13,754,177 |
| Investments—publicly traded securities | $2,875,033 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,516,374 |
| Accounts payable and accrued expenses | $60,883 |
| 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 | $2,644,025 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,704,908 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,548,500 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $17,262,966 |
| Total liabilities and net assets/fund balances | $21,516,374 |