Del-Co Water Company Inc
- Assets
- $330.6m
- Revenue
- $48.2m
- Investments
- $11.0m
- Employees
- 134
- Location
- Delaware, OH
- Founding
- 09/1974
- Data as of
- 04/2023
- EIN
- 31-0749383
Organization Overview
Del-Co Water Company Inc is located in Delaware, OH. The organization was established in 1974. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 04/2023, Del-Co Water Company Inc employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Del-Co Water Company 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 04/2023, Del-Co Water Company Inc generated $48.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $38.2m during the year ending 04/2023. While expenses have increased by 6.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER TO MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER SERVICE TO ITS MEMBERS, 53,760 MEMBERS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy D Mcnamara Director | Trustee | 4 | $4,650 |
Robert W Jenkins Secretary | OfficerTrustee | 4 | $5,850 |
Brian Coghlan Director | Trustee | 40 | $14,621 |
David A Bender President | OfficerTrustee | 4 | $5,150 |
G Michael Dickey Treasurer | OfficerTrustee | 4 | $4,650 |
Bruce A Blackston Director | Trustee | 4 | $3,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Core & Main Lp Consulting | 4/29/23 | $579,198 |
Clark Road Utilities Llc Trucking | 4/29/23 | $407,097 |
Limbach Facility Services Building System | 4/29/23 | $157,270 |
D&p Construction Co Hauling/disposa | 4/29/23 | $286,378 |
Triad Architects Ltd Architectural | 4/29/23 | $129,376 |
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 | $42,313,120 |
| Investment income | $741,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $116,731 |
| Net Gain/Loss on Asset Sales | $78,565 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,178,315 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $756,921 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $878,457 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,273,467 |
| Pension plan accruals and contributions | $1,632,024 |
| Other employee benefits | $1,454,778 |
| Payroll taxes | $757,780 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,101 |
| Fees for services: Accounting | $47,318 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $941,269 |
| Advertising and promotion | $0 |
| Office expenses | $452,958 |
| Information technology | $683,129 |
| Royalties | $0 |
| Occupancy | $190,048 |
| Travel | $283,052 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $408,514 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,432,773 |
| Insurance | $412,422 |
| All other expenses | $2,363,525 |
| Total functional expenses | $38,165,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,103,278 |
| Savings and temporary cash investments | $83,186 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,001,115 |
| 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 | $778,275 |
| Net Land, buildings, and equipment | $282,098,933 |
| Investments—publicly traded securities | $25,285,031 |
| Investments—other securities | $10,970,134 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $289,112 |
| Total assets | $330,609,064 |
| Accounts payable and accrued expenses | $12,113,612 |
| Grants payable | $0 |
| Deferred revenue | $1,229,657 |
| 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 | $17,516,512 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,663,948 |
| Total liabilities | $32,523,729 |
| Net assets without donor restrictions | $297,384,399 |
| Net assets with donor restrictions | $700,936 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $330,609,064 |
Grants Awarded
Over the last fiscal year, Del-Co Water Company Inc has awarded $751,921 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MID-OHIO REGIONAL PLANNING COMMISSI | | | $30,000 |
ASSOCIATION OF REGIONAL WATER ORGAN | | | $10,000 |
THE FOUNDATION OF KNOX COMMUNITY HO | | | $5,200 |
DELAWARE COUNTY FOUNDATION | | | $706,721 |