Rocky Creek Water Co
- Assets
- $1.6m
- Revenue
- $450.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Jonesville, SC
- Founding
- 07/2010
- Data as of
- 12/2019
- EIN
- 23-7359498
Organization Overview
Rocky Creek Water Co is located in Jonesville, SC. The organization was established in 2010. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rocky Creek Water Co 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 12/2019, Rocky Creek Water Co generated $450.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $351.9k during the year ending 12/2019. While expenses have increased by 16.1% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
WATER DISTRIBUTION AND SALE TO MEMBERS RESIDING WITHIN DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS ONLY ONE PROGRAM, THE DISTRIBUTION AND SALE OF WATER TO RESIDENTS AND BUSINESSES WITHIN THE GEOGRAPHICAL BOUNDIRIES OF THE DISTRICT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall G Spencer Manager | Officer | 40 | $41,255 |
Brenda Dillard Secretary/treas | Officer | 20 | $18,736 |
Jason Peahuff Director | OfficerTrustee | 1 | $0 |
Evelyn Alman President & CEO | Trustee | 1 | $0 |
Cleve Brannon Jr Director | Trustee | 1 | $0 |
Don Martin Vice President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,445 |
| Investment income | $643 |
| 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 | $327,981 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $450,069 |
| Statement of Expenses | |
|---|---|
| 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. | $43,345 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,172 |
| Pension plan accruals and contributions | $37,086 |
| Other employee benefits | $18,480 |
| Payroll taxes | $6,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,638 |
| Advertising and promotion | $285 |
| Office expenses | $21,319 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,113 |
| Insurance | $5,429 |
| All other expenses | $0 |
| Total functional expenses | $351,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,097 |
| Savings and temporary cash investments | $71,110 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,528 |
| 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 | $772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,023 |
| Total assets | $1,590,252 |
| Accounts payable and accrued expenses | $28,314 |
| 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 | $210,730 |
| Total liabilities | $239,044 |
| 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 |
| Total liabilities and net assets/fund balances | $1,351,208 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Smarr Emc Tucker, GA | $71,741,134 | $49,681,647 |
North Georgia Network Cooperative Inc Cornelia, GA | $3,041,928 | $3,287,743 |
Meansville Riley Road Water Company Inc Union, SC | $9,319,076 | $1,440,416 |
Dewees Utility Corporation Dewees Island, SC | $1,783,599 | $734,885 |
Rocky Creek Water Co Jonesville, SC | $1,590,252 | $450,069 |
Mountain Lakes Water & Sewer Authority Inc Dawsonville, GA | $798,351 | $107,095 |
Jason Water Corporation Snow Hill, NC | $571,862 | $93,678 |
Groundhog Mtn Water & Sewer Company Inc Charlotte, NC | $818,657 | $135,066 |