Putnam Community Water Corp
- Assets
- $3.9m
- Revenue
- $512.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Marietta, OH
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 31-0649106
Organization Overview
Putnam Community Water Corp is located in Marietta, OH. The organization was established in 2015. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Putnam Community Water Corp employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Putnam Community Water Corp 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, Putnam Community Water Corp generated $512.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $446.6k during the year ending 12/2022. 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
TO ACQUIRE BY PURCHASE, LEASE OR DRILLING OF WELLS A SOURCE OF WATER FOR THE BENEFIT OF THE RESIDENTS OF MUSKINGUM TOWNSHIP EAST OF THE MUSKINGUM RIVER AND WITHIN A FIVE MILE RADIUS FRM THE SOUTHEAST CORNER OF THE CORPORATION'S OFFICE BUILDING ON TOWNSHIP ROAD 457
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACQUIRE, OPERATE AND MAINTAIN A WATER DISTRIBUTION, SUPPLY AND TREATMENT SYSTEM THROUGHOUT SUCH SERVICE AREA AS ECONOMICALLY INDICATED, FOR ITS MEMBERS, AT ACTUAL COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Schoonover President | OfficerTrustee | 2 | $1,800 |
Randy Barengo Vice President | OfficerTrustee | 2 | $1,250 |
Sam Tuten Director | Trustee | 2 | $1,000 |
Jim Bir Director | Trustee | 2 | $1,000 |
John Kuch Director | Trustee | 2 | $2,000 |
John Hirschfield Director | Trustee | 2 | $800 |
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 | $501,955 |
| Investment income | $10,243 |
| 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 | $512,198 |
| 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. | $9,050 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,996 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,118 |
| Advertising and promotion | $0 |
| Office expenses | $5,502 |
| Information technology | $1,456 |
| Royalties | $0 |
| Occupancy | $43,376 |
| Travel | $1,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,087 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,578 |
| Insurance | $12,701 |
| All other expenses | $1,470 |
| Total functional expenses | $446,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,738 |
| Savings and temporary cash investments | $989,540 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,791 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,923 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,560,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $244,235 |
| Total assets | $3,912,247 |
| Accounts payable and accrued expenses | $2,418 |
| 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 | $1,501,485 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,172 |
| Total liabilities | $1,556,075 |
| 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 | $2,356,172 |
| Total liabilities and net assets/fund balances | $3,912,247 |