East Lawrence Water Authority
- Assets
- $7.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Bedford, IN
- Founding
- Data as of
- 12/2023
- EIN
- 20-0451323
Organization Overview
East Lawrence Water Authority is located in Bedford, IN. As of 12/2023, East Lawrence Water Authority employed 10 individuals. East Lawrence Water Authority 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, East Lawrence Water Authority generated $1.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 4 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
THE AUTHORITY IS A MEMBER-OWNED NOT-FOR-PROFIT AUTHORITY THAT CONSTRUCTS, OWNS AND MAINTAINS A COMPLETE WATER SYSTEM TO PROVIDE FOR THE DISTRIBUTION OF POTABLE WATER FOR DOMESTIC, COMMERCIAL, SCHOOL, CHURCH AND OTHER PURPOSES INCLUDING FIRE PROTECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE ORGANIZATION IS TO OWN, CONSTRUCT, MAINTAIN AND OPERATE A WATER SYSTEM TO PROVIDE POTABLE WATER TO EASTERN LAWRENCE COUNTY, INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Apple Vice-President/treasurer | Trustee | 0 | $0 |
John Thomas Director | Trustee | 0 | $0 |
Duane Martin Director | Trustee | 0 | $0 |
Dennis Parsley Director | Trustee | 0 | $0 |
Jon Hoffman Director | Trustee | 0 | $0 |
Phil Scherschel Director | Trustee | 0 | $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 | $0 |
| Investment income | $7,424 |
| 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 | $1,874,123 |
| 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 | $542,047 |
| Pension plan accruals and contributions | $48,679 |
| Other employee benefits | $89,653 |
| Payroll taxes | $42,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,840 |
| 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 | $22,617 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,678 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $312,532 |
| Insurance | $36,367 |
| All other expenses | $73,847 |
| Total functional expenses | $2,141,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,522 |
| Savings and temporary cash investments | $959,987 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $225,486 |
| 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 | $15,000 |
| Net Land, buildings, and equipment | $6,023,554 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,255,549 |
| Accounts payable and accrued expenses | $7,453 |
| 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 | $219,246 |
| Total liabilities | $226,699 |
| Net assets without donor restrictions | $6,495,022 |
| Net assets with donor restrictions | $533,828 |
| 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 | $7,255,549 |