Crawford County Water Co Inc
- Assets
- $1.4m
- Revenue
- $587.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Marengo, IN
- Founding
- 03/1972
- Data as of
- 12/2021
- EIN
- 35-1175432
Organization Overview
Crawford County Water Co Inc is located in Marengo, IN. The organization was established in 1972. 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, Crawford County Water Co Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crawford County 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 12/2021, Crawford County Water Co Inc generated $587.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $538.6k during the year ending 12/2021. While expenses have increased by 1.9% 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
PROVIDE WATER TO RURAL AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED WATER TO APPROXIMATELY 1,000 COMMERCIAL AND RESIDENTIAL CUSTOMERS IN RURAL AREAS OF CRAWFORD COUNTY, INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Schultz President Of Board | OfficerTrustee | 5 | $2,700 |
Larry Bye Board Member | Trustee | 1 | $1,950 |
Bill Harris Board Member | Trustee | 1 | $1,850 |
Allen Hect Board Member | Trustee | 1 | $1,850 |
Patricia Beasley Board Member | Trustee | 1 | $1,800 |
Brandon Rosbottom Board Member | Trustee | 1 | $1,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,246 |
| 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 | $23,246 |
| Total Program Service Revenue | $0 |
| Investment income | $382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $526,126 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $587,695 |
| 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. | $13,150 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $243,444 |
| Pension plan accruals and contributions | $4,931 |
| Other employee benefits | $0 |
| Payroll taxes | $20,847 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,200 |
| Advertising and promotion | $0 |
| Office expenses | $20,854 |
| Information technology | $3,190 |
| Royalties | $0 |
| Occupancy | $14,150 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,038 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,937 |
| Insurance | $19,647 |
| All other expenses | $4,010 |
| Total functional expenses | $538,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,000 |
| Savings and temporary cash investments | $190,491 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,713 |
| 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 | $1,105,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,442,806 |
| Accounts payable and accrued expenses | $20,110 |
| 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 | $1,069,105 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,900 |
| Total liabilities | $1,103,115 |
| 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 | $339,691 |
| Total liabilities and net assets/fund balances | $1,442,806 |
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