Buysse Water Association
- Assets
- $142.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Coal Valley, IL
- Founding
- 08/1978
- Data as of
- 12/2022
- EIN
- 36-2971595
Organization Overview
Buysse Water Association is located in Coal Valley, IL. The organization was established in 1978. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buysse Water Association 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 12/2022, Buysse Water Association generated $53.4k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $26.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THIS IS A WATER TREATMENT AND DISTRIBUTION SYSTEM OWNED BY THE HOMEOWNERS WHO USE AND BENEFIT FROM WATER DELIVERED TO THEIR HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Johnson President | 10 | $0 | |
John Downing Treasurer | 0 | $0 | |
Marilyn Dooley Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $53,439 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $53,439 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $705 |
| Occupancy, rent, utilities, and maintenance | $7,304 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,203 |
| Total expenses | $26,212 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $84,070 |
| Other assets | $0 |
| Total assets | $142,097 |
| Total liabilities | $10,000 |
| Net assets or fund balances | $132,097 |
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