Viewfield Rural Water Associationinc
- Assets
- $703.0k
- Revenue
- $189.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New Underwood, SD
- Founding
- 11/2008
- Data as of
- 12/2021
- EIN
- 20-5574026
Organization Overview
Viewfield Rural Water Associationinc is located in New Underwood, SD. The organization was established in 2008. 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. Viewfield Rural Water Associationinc 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, Viewfield Rural Water Associationinc generated $189.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $196.9k during the year ending 12/2021. While expenses have increased by 5.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION IS INVOLVED IN THE DEVELOPMENT AND OPERATION OF A RURAL WATER SYSTEM IN THE VIEWFIELD AREA WHERE MAJORITY OF THE WATER IS USED FOR LIVESTOCK CONSUMPTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEVELOPMENT AND OPERATION OF A RURAL WATER SYSTEM IN THE VIEWFIELD AREA FOR WATER THAT IS USED MOSTLY FOR LIVESTOCK CONSUMPTION. THERE ARE 72 HOOKUPS TO THE WELL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Gossard President | OfficerTrustee | 7 | $0 |
Kim Mcgriff Secretary | OfficerTrustee | 1 | $0 |
Donna Niederwerder Treasurer | OfficerTrustee | 1 | $0 |
Wayne Mcpherson Director | Trustee | 1 | $0 |
Tom Simmons Director | Trustee | 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 | $188,995 |
| Investment income | $15 |
| 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 | $189,010 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,156 |
| Advertising and promotion | $0 |
| Office expenses | $202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $330 |
| Interest | $39,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,805 |
| Insurance | $6,656 |
| All other expenses | $0 |
| Total functional expenses | $196,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,756 |
| Savings and temporary cash investments | $94,941 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $577,291 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $702,988 |
| Accounts payable and accrued expenses | $0 |
| 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 | $967,526 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,300 |
| Total liabilities | $977,826 |
| Net assets without donor restrictions | $0 |
| 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 | -$274,838 |
| Total liabilities and net assets/fund balances | $702,988 |
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