Edwardsville Water Corporation
- Assets
- $16.7m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Georgetown, IN
- Founding
- 09/1967
- Data as of
- 12/2021
- EIN
- 35-1105746
Organization Overview
Edwardsville Water Corporation is located in Georgetown, IN. The organization was established in 1967. 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, Edwardsville Water Corporation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edwardsville Water Corporation 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, Edwardsville Water Corporation generated $2.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. 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 CREATE AND MAINTAIN A SUPPLY OF FRESH, POTABLE WATER TO RESIDENTS OF EDWARDSVILLE AND ITS SURROUNDING AREAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES METERED WATER SERVICE TO APPROXIMATELY 4,460 MEMBERS ON A COOPERATIVE BASIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Beck Utility Manager | Officer | 45 | $71,121 |
David Wright President | Trustee | 1.8 | $5,075 |
Gary Carter Treasurer | Trustee | 1.8 | $5,000 |
Dale Lafferre 2nd Vice President | Trustee | 1.8 | $3,650 |
Guy Heitkemper Secretary | Trustee | 1.8 | $3,650 |
Jeremy Loftus Vice President | Trustee | 1.8 | $3,550 |
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 | $2,697,749 |
| Investment income | $2,568 |
| 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 | $2,700,317 |
| 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. | $107,746 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $591,157 |
| Pension plan accruals and contributions | $25,857 |
| Other employee benefits | $1,881 |
| Payroll taxes | $50,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,840 |
| Fees for services: Accounting | $12,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,079 |
| Advertising and promotion | $0 |
| Office expenses | $46,381 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,145 |
| Interest | $130,716 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $404,010 |
| Insurance | $170,152 |
| All other expenses | $109,731 |
| Total functional expenses | $2,100,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,093 |
| Savings and temporary cash investments | $2,540,443 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $248,003 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $207,764 |
| Prepaid expenses and deferred charges | $36,128 |
| Net Land, buildings, and equipment | $12,575,073 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,087,282 |
| Total assets | $16,699,786 |
| Accounts payable and accrued expenses | $94,201 |
| 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 | $4,372,639 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,806,328 |
| Total liabilities | $10,273,168 |
| 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 | $6,426,618 |
| Total liabilities and net assets/fund balances | $16,699,786 |
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