Kent Water Co Inc

Organization Overview

Kent Water Co Inc is located in Hanover, IN. The organization was established in 1968. 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 12/2022, Kent Water Co Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kent Water Co 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 12/2022, Kent Water Co Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $859.1k during the year ending 12/2022. While expenses have increased by 2.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

DISTRIBUTE WATER TO MEMBERS IN THE SERVICE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION SOLD APPROXIMATELY 149,178,300 GALLONS TO OVER 2,803 CUSTOMERS.


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Board, Officers & Key Employees

Name (title)Compensation
Greg T Brawner
Director
$0
Terry Bunton
Director
$0
David Miller
Director
$0
Vincent Morris
Director
$0
Matt Oberlies
Director
$0
Warren Auxier
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $375,000
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$375,000
Total Program Service Revenue$937,184
Investment income $23,472
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 $1,358,659

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