Eastern Bartholomew Water Corporation
- Assets
- $21.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Taylorsville, IN
- Founding
- 06/1975
- Data as of
- 12/2021
- EIN
- 35-1324258
Organization Overview
Eastern Bartholomew Water Corporation is located in Taylorsville, IN. The organization was established in 1975. 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, Eastern Bartholomew Water Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Bartholomew 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, Eastern Bartholomew Water Corporation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 6 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
SUPPLYING SAFE POTABLE DRINKING WATER TO RESIDENTS IN EASTERN BARTHOLOMEW COUNTY, INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EASTERN BARTHOLOMEW WATER CORPORATION SOLD APPROXIMATELY 412,747,000 GALLONS OF WATER TO OVER 5,542 CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Arbuckle Vice Preside | OfficerTrustee | 1 | $583 |
George Dinn Secretary | OfficerTrustee | 1 | $569 |
Ted Darnell President | OfficerTrustee | 1 | $524 |
Bobby Mullins Board Member | Trustee | 1 | $512 |
Kenny Mccain Board Member | Trustee | 1 | $479 |
Bill Gelfius Board Member | Trustee | 1 | $428 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Graves Plumbing Company Inc Plumbing | 12/30/19 | $2,652,520 |
Banning Engineering Pc Engineering | 12/30/19 | $120,285 |
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 | $3,228,981 |
| Investment income | $370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,083 |
| Net Gain/Loss on Asset Sales | -$108,991 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,158,443 |
| 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. | $3,509 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $480,130 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $203,530 |
| Payroll taxes | $43,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,682 |
| Fees for services: Accounting | $39,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,274 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $51,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $264,300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $625,429 |
| Insurance | $41,090 |
| All other expenses | $8,440 |
| Total functional expenses | $2,168,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,602,694 |
| Savings and temporary cash investments | $106 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $224,635 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $87,975 |
| Prepaid expenses and deferred charges | $23,203 |
| Net Land, buildings, and equipment | $19,812,508 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,759 |
| Total assets | $21,856,880 |
| Accounts payable and accrued expenses | $164,103 |
| 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 | $10,228,992 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,666 |
| Total liabilities | $10,419,761 |
| 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 | $3,509,824 |
| Retained earnings, endowment, accumulated income, or other funds | $7,927,295 |
| Total liabilities and net assets/fund balances | $21,856,880 |
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