Eastern Richland Sewer Corporation
- Assets
- $6.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Ellettsville, IN
- Founding
- 10/1973
- Data as of
- 12/2023
- EIN
- 35-1288527
Organization Overview
Eastern Richland Sewer Corporation is located in Ellettsville, IN. The organization was established in 1973. 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 12/2023, Eastern Richland Sewer Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Richland Sewer 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 12/2023, Eastern Richland Sewer Corporation generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 0.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SEWER LINE SERVICE TO MEMBERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AND MAINTAIN SEWER LINES FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Rightley Treasurer | Officer | 15 | $48,782 |
Joe Peden President | Officer | 15 | $40,661 |
David Willibey Secretary | Officer | 5 | $17,921 |
Curt Hayes V-President | Officer | 5 | $16,188 |
Richard Sanders Director | Trustee | $4,200 | |
Matthew A Davis Director | Trustee | $3,300 |
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 | $1,336,261 |
| Investment income | $78,811 |
| 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 | $1,415,072 |
| 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. | $136,952 |
| Compensation of current officers, directors, key employees. | $136,952 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,368 |
| Fees for services: Accounting | $18,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,719 |
| Advertising and promotion | $0 |
| Office expenses | $2,202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,461 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,911 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $162,048 |
| Insurance | $7,207 |
| All other expenses | -$53,957 |
| Total functional expenses | $1,233,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $906,910 |
| Savings and temporary cash investments | $2,625,064 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $171,227 |
| 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 | $961 |
| Net Land, buildings, and equipment | $2,655,155 |
| Investments—publicly traded securities | $26,833 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,386,150 |
| Accounts payable and accrued expenses | $151,860 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $337,394 |
| Total liabilities | $489,254 |
| Net assets without donor restrictions | $5,896,896 |
| 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 | $6,386,150 |