Brown County Water Utility Inc
- Assets
- $27.1m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Morgantown, IN
- Founding
- 12/1971
- Data as of
- 12/2022
- EIN
- 23-7108111
Organization Overview
Brown County Water Utility Inc is located in Morgantown, IN. The organization was established in 1971. 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 12/2022, Brown County Water Utility Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brown County Water Utility Inc 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 12/2022, Brown County Water Utility Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 3.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPLY SAFE AND POTABLE WATER TO MEMBERS OF BROWN COUNTY WATER UTILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION SOLD APPROX. 395,448,500 GALLONS OF WATER TO OVER 5,672 CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delbert Cooper Treasurer | Officer | 1 | $2,950 |
Dan Huesman Vice Preside | Officer | 1 | $2,950 |
Ben Phillips President | Officer | 1 | $2,850 |
James Mcdonald Director | Trustee | 1 | $1,950 |
Don Poynter Director | Trustee | 1 | $1,850 |
Roger Hickey Secretary | Officer | 1 | $1,850 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cline King & King Pc Legal | 12/30/19 | $134,803 |
Sherman Barber & Mullikin Cpas Accounting | 12/30/19 | $136,633 |
Warfords Gas & Electric Utilities | 12/30/19 | $114,947 |
Faegre Baker Daniels Llp Legal | 12/30/19 | $131,249 |
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 | $4,045,355 |
| Investment income | $12,707 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,350 |
| Net Gain/Loss on Asset Sales | $18,874 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,081,286 |
| 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. | $15,663 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $597,728 |
| Pension plan accruals and contributions | $24,213 |
| Other employee benefits | $131,289 |
| Payroll taxes | $46,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,427 |
| Fees for services: Accounting | $35,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,771 |
| Advertising and promotion | $0 |
| Office expenses | $121,391 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,846 |
| Travel | $44,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $257,775 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $988,128 |
| Insurance | $76,609 |
| All other expenses | $99,354 |
| Total functional expenses | $3,941,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $872,449 |
| Savings and temporary cash investments | $12,828 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $306,611 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $198,430 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $24,642,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,088,068 |
| Total assets | $27,120,588 |
| Accounts payable and accrued expenses | $434,555 |
| Grants payable | $0 |
| Deferred revenue | $50,400 |
| 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 | $10,421,408 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,430 |
| Total liabilities | $10,926,793 |
| 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 | $7,316,714 |
| Retained earnings, endowment, accumulated income, or other funds | $8,877,081 |
| Total liabilities and net assets/fund balances | $27,120,588 |