Mni Waste Water Company
- Assets
- $73.0m
- Revenue
- $5.4m
- Investments
- $439.5k
- Employees
- 13
- Location
- Eagle Butte, SD
- Founding
- 07/2019
- Data as of
- 09/2023
- EIN
- 27-2535895
Organization Overview
Mni Waste Water Company is located in Eagle Butte, SD. The organization was established in 2019. According to its NTEE Classification (Y11) the organization is classified as: Single Organization Support, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 09/2023, Mni Waste Water Company employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mni Waste Water Company 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 09/2023, Mni Waste Water Company generated $5.4m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $3.9m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 3 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
PROVIDING WATER SERVICE TO MEMBER CUSTOMERS IN CENTRAL SOUTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY PROVIDED 328,552,000 GALLONS OF TREATED WATER FOR COMMERCIAL AND DOMESTIC USERS LOCATED IN CENTRAL SOUTH DAKOTA AND MAINTAINED SEVERAL MILES OF PIPE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rolland Collins Sr President | OfficerTrustee | 1 | $3,400 |
Robert Booth Vice President | OfficerTrustee | 1 | $2,600 |
Oren Lesmeister Director - Secretary/treasurer | Trustee | 1 | $2,000 |
Lynn Williams Director | Trustee | 1 | $2,400 |
Dave Hump - Began 122022 Director | Trustee | 1 | $2,400 |
Rhae Washburn Director | Trustee | 1 | $2,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Farlee Trenching And Backhoe Water Line Project | 9/29/22 | $414,147 |
Doug O'bryan Contracting Inc Excavating Contractor | 9/29/22 | $308,029 |
Maguire Iron Inc Installation Of Water Tanks | 9/29/22 | $238,661 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,294 |
| 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 | $32,294 |
| Total Program Service Revenue | $5,360,953 |
| Investment income | $7,793 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,452 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,436,194 |
| 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. | $266,676 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $547,231 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $12,763 |
| Other employee benefits | $24,714 |
| Payroll taxes | $59,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,888 |
| Fees for services: Accounting | $27,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,603 |
| Advertising and promotion | $3,324 |
| Office expenses | $54,811 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,288 |
| Travel | $7,548 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,056 |
| Interest | $3,064 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $148,858 |
| Insurance | $86,627 |
| All other expenses | $20,478 |
| Total functional expenses | $3,854,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,432,858 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,824,462 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $263,057 |
| Prepaid expenses and deferred charges | $74,345 |
| Net Land, buildings, and equipment | $67,235,589 |
| Investments—publicly traded securities | $1,692,674 |
| Investments—other securities | $439,504 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $72,962,489 |
| Accounts payable and accrued expenses | $387,527 |
| Grants payable | $0 |
| Deferred revenue | $782,509 |
| 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 | $94,479 |
| Total liabilities | $1,264,515 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $61,741,741 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $9,956,233 |
| Total liabilities and net assets/fund balances | $72,962,489 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Memorial Park Cemetery Assoc Inc Merchds & Serv Tr No Two Waterloo, IA | $51,507,223 | $8,980,599 |
Mni Waste Water Company Eagle Butte, SD | $72,962,489 | $5,436,194 |
Unity Medical Center Foundation Grafton, ND | $3,584,299 | $333,797 |
Big West Fastpitch League Of Minnesota Medina, MN | $3,367 | $220,780 |
Mcgregor Area Chamber Of Commerce Mcgregor, MN | $75,264 | $0 |
Cedar Memorial Park Cemetery Chapel Of Memories Permanent Care Trust Waterloo, IA | $1,807,881 | $147,360 |
Leslie Family Foundation Spalding, NE | $905,007 | $44,312 |
Lakeside Cemetery Foundation Fairmont, MN | $38,100 | $0 |
Tifereth Israel Synagogue Foundation Des Moines, IA | $2,018,253 | $70,939 |