Scioto Water Inc
- Assets
- $32.8m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 35
- Location
- Franklin Furnace, OH
- Founding
- 02/1973
- Data as of
- 12/2021
- EIN
- 31-0796552
Organization Overview
Scioto Water Inc is located in Franklin Furnace, OH. The organization was established in 1973. 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 12/2021, Scioto Water Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scioto Water 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 12/2021, Scioto Water Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $5.9m during the year ending 12/2021. While expenses have increased by 3.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SOURCE OF WATER FOR THE RESIDENTS AND BUSINESSES OF SCIOTO COUNTY OHIO
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A SOURCE OF WATER FOR ITS CITIZENS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Troy Huff Secretary | Trustee | 2 | $3,500 |
Roger Gallimore Director | Trustee | 2 | $3,000 |
Ron Powell Vice President | Trustee | 2 | $2,800 |
John Barkhurst Chairman | Trustee | 8 | $2,800 |
Julie Simmering Director | Trustee | 2 | $2,800 |
Jim Miller Treasurer | Trustee | 2 | $2,600 |
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 | $0 |
| Investment income | $612 |
| 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 | $5,549,128 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,867,476 |
| 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. | $17,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,125,373 |
| Pension plan accruals and contributions | $156,688 |
| Other employee benefits | $0 |
| Payroll taxes | $164,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,646 |
| Fees for services: Accounting | $24,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,046 |
| Advertising and promotion | $4,719 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $291,533 |
| Travel | $629 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,974 |
| Interest | $414,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,011,667 |
| Insurance | $65,269 |
| All other expenses | $638,962 |
| Total functional expenses | $5,928,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $544,131 |
| Savings and temporary cash investments | $558,871 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $592,726 |
| 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 | $0 |
| Net Land, buildings, and equipment | $28,398,501 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,707,980 |
| Total assets | $32,802,209 |
| Accounts payable and accrued expenses | $376,275 |
| 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 | $19,130,227 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $113,318 |
| Total liabilities | $19,619,820 |
| Net assets without donor restrictions | $11,596,520 |
| Net assets with donor restrictions | $1,585,869 |
| 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 | $32,802,209 |
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