Henryville Membership Sanitation Corp
- Assets
- $7.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Henryville, IN
- Founding
- 11/1972
- Data as of
- 12/2021
- EIN
- 35-1184970
Organization Overview
Henryville Membership Sanitation Corp is located in Henryville, 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, Henryville Membership Sanitation Corp employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henryville Membership Sanitation Corp 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, Henryville Membership Sanitation Corp generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $751.0k during the year ending 12/2021. While expenses have increased by 1.5% 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 SEWAGE DISPOSAL SERVICES IN CLARK COUNTY, INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SEWAGE DISPOSAL SERVICES IN CLARK COUNTY, INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Dunlevy Treasurer | Officer | 2 | $4,000 |
Greg Bagshaw President | Officer | 2 | $3,300 |
Butch Furnish Vice Pres | Officer | 1 | $3,100 |
Allen Bottorff Director | Trustee | 1 | $2,800 |
William Maloney Director | Trustee | 1 | $2,400 |
Henry Gilley Director | Trustee | 1 | $200 |
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 | $1,102,592 |
| Investment income | $1,198 |
| 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 | $1,105,080 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,799 |
| Pension plan accruals and contributions | $6,888 |
| Other employee benefits | $26,552 |
| Payroll taxes | $18,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,229 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,051 |
| 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 | $0 |
| Interest | $4,425 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179,049 |
| Insurance | $37,870 |
| All other expenses | $12,691 |
| Total functional expenses | $751,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $604,630 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,575 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,076 |
| Net Land, buildings, and equipment | $1,598,070 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,924,618 |
| Total assets | $7,248,969 |
| Accounts payable and accrued expenses | $7,818 |
| Grants payable | $0 |
| Deferred revenue | $262,500 |
| 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 | $4,610,979 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,284 |
| Total liabilities | $4,890,581 |
| 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 | $2,358,388 |
| Total liabilities and net assets/fund balances | $7,248,969 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hendricks County Rural Electric Membership Corporation Danville, IN | $222,904,007 | $97,103,288 |
South Central Indiana Rural Electric Membership Corporation Martinsville, IN | $273,130,010 | $92,514,436 |
Northeast Missouri Electric Power Cooperative Palmyra, MO | $173,630,221 | $92,260,519 |
West Kentucky Rural Electric Cooperative Corporation Mayfield, KY | $175,044,197 | $94,020,746 |
Southeastern Illinois Electric Carrier Mills, IL | $211,832,578 | $85,978,289 |
Corn Belt Electric Cooperative Inc Bloomington, IL | $225,280,163 | $84,317,914 |
Nolin Rural Electric Cooperative Corporation Elizabethtown, KY | $169,060,241 | $80,995,142 |
Fleming-Mason Energy Cooperative Inc Flemingsburg, KY | $142,667,683 | $79,467,396 |
Tipmont Rural Electric Membership Corporation Linden, IN | $238,009,464 | $75,841,839 |
Adams-Columbia Electric Co-Op Friendship, WI | $247,246,792 | $77,428,375 |
Laclede Electric Cooperative Lebanon, MO | $208,167,243 | $72,341,204 |
Jackson Purchase Energy Corporation Paducah, KY | $143,576,646 | $68,055,935 |