Pike-Gibson Water Inc
- Assets
- $14.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Oakland City, IN
- Founding
- 10/1988
- Data as of
- 12/2021
- EIN
- 35-1288242
Organization Overview
Pike-Gibson Water Inc is located in Oakland City, IN. The organization was established in 1988. 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, Pike-Gibson Water Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pike-Gibson 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, Pike-Gibson Water Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 6.0% 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 WATER TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE WATER TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Reed President | OfficerTrustee | 2 | $3,900 |
D Craig Pflug V. President | OfficerTrustee | 2 | $2,600 |
Steven Doerner Secretary | OfficerTrustee | 2 | $2,600 |
Larry Osborn Treasurer | OfficerTrustee | 2 | $2,200 |
Dennis Willis Director | Trustee | 1 | $1,950 |
Raymond Mills Director | Trustee | 1 | $1,950 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Midwestern Engineering Inc Engineering | 12/30/20 | $198,365 |
Wabash Utilities Inc System Improvem | 12/30/20 | $664,315 |
Preferred Tank & Tower Maint Div Paint Tanks | 12/30/20 | $122,884 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $326,489 |
| 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 | $326,489 |
| Total Program Service Revenue | $2,213,603 |
| Investment income | $2,995 |
| 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 | $2,634,758 |
| 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. | $20,600 |
| Compensation of current officers, directors, key employees. | $20,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $397,924 |
| Pension plan accruals and contributions | $29,983 |
| Other employee benefits | $270,051 |
| Payroll taxes | $31,981 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,856 |
| Fees for services: Accounting | $37,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,487 |
| Advertising and promotion | $0 |
| Office expenses | $19,504 |
| Information technology | $926 |
| Royalties | $0 |
| Occupancy | $37,325 |
| Travel | $33,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $875 |
| Interest | $127,437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $500,516 |
| Insurance | $48,909 |
| All other expenses | $437 |
| Total functional expenses | $2,377,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $466,628 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $260,334 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,422 |
| Prepaid expenses and deferred charges | $17,491 |
| Net Land, buildings, and equipment | $13,515,025 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,295,400 |
| Accounts payable and accrued expenses | $133,034 |
| 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 | $7,770,970 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,904,004 |
| Net assets without donor restrictions | $6,391,396 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $14,295,400 |
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