Mid-Dakota Rural Water System Inc
- Assets
- $133.0m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 34
- Location
- Miller, SD
- Founding
- 12/1988
- Data as of
- 12/2021
- EIN
- 36-3584582
Organization Overview
Mid-Dakota Rural Water System Inc is located in Miller, SD. 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, Mid-Dakota Rural Water System Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Dakota 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 12/2021, Mid-Dakota Rural Water System Inc generated $11.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $11.3m during the year ending 12/2021. While expenses have increased by 1.5% 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
RURAL WATER SYSTEM TO PROVIDE WATER TO VARIOUS COMMUNITIES AND INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CONSTRUCT AND OPERATE A RURAL WATER SYSTEM FOR THE COMMUNITIES AND INDIVIDUALS IN THE AREA
TO CONSTRUCT AND OPERATE A RURAL WATER SYSTEM FOR THE COMMUNITIES AND INDIVIDUALS IN THE AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight Gutzmer Vice-Chairma | Officer | 1 | $0 |
Jeff Mcgirr Chairman | Officer | 1 | $0 |
Scott Oligmueller Treasurer/se | Officer | 1 | $0 |
Jim Mcgillvrey Director | Trustee | 1 | $0 |
Lennis Fagerhaug Director | Trustee | 1 | $0 |
Leslie Brown Director | Trustee | 1 | $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 | $10,037,979 |
| Investment income | $137,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,424,357 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,916,431 |
| Pension plan accruals and contributions | $174,530 |
| Other employee benefits | $277,358 |
| Payroll taxes | $141,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,333 |
| Fees for services: Accounting | $26,146 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,367 |
| Interest | $1,394,044 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,228,178 |
| Insurance | $0 |
| All other expenses | $916,298 |
| Total functional expenses | $11,317,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,852,953 |
| Savings and temporary cash investments | $6,750,639 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $860,714 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,006,577 |
| Prepaid expenses and deferred charges | $60,086 |
| Net Land, buildings, and equipment | $106,521,363 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,974,509 |
| Total assets | $133,026,841 |
| Accounts payable and accrued expenses | $979,253 |
| 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 | $58,042,797 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $59,022,050 |
| Net assets without donor restrictions | $74,004,791 |
| 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 | $133,026,841 |
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