B D M Rural Water System Inc

Organization Overview

B D M Rural Water System Inc is located in Britton, SD. The organization was established in 1984. 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, B D M Rural Water System Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B D M Rural Water System 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 12/2023, B D M Rural Water System Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 0.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE CLEAN WATER TO RURAL COMMUNITIES AT AFFORDABLE PRICES

Describe the Organization's Program Activity:

Part 3 - Line 4a

WATER TREATMENT AND DISTRIBUTION TO OVER 2000 RURAL CUSTOMERS AND TEN SMALL RURAL COMMUNITIES AND NATIVE AMERICAN HOUSING


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Board, Officers & Key Employees

Name (title)Compensation
Torre Raap
Chairman
$0
Kevin Deutsch
Vice Chairma
$0
Hal Treeby
Secretary/tr
$0
Marc O'brien
Director
$0
Terry Leonhardt
Director
$0
Don Ogren
Director
$0

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$3,448,484
Investment income $97,208
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 $3,598,933

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