Mid-Dakota Rural Water System Inc
- Assets
- $128.5m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 34
- Location
- Miller, SD
- Founding
- 12/1988
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Mid-Dakota Rural Water System Inc generated $11.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $12.4m during the year ending 12/2022. While expenses have increased by 2.0% 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
2022
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Mcgirr Chairman | Officer | 0.5 | $8,500 |
Lennis Fagerhaug Director | Trustee | 0.5 | $4,750 |
Dwight Gutzmer Vice-Chairma | Officer | 0.5 | $4,750 |
Leslie Brown Director | Trustee | 0.5 | $4,500 |
Steve Robbenolt Director | Trustee | 0.5 | $3,750 |
Rick Benson Director | Trustee | 0.5 | $3,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $584,696 |
| 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 | $584,696 |
| Total Program Service Revenue | $10,265,815 |
| Investment income | $133,565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $354 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,072,761 |
| 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 | $1,863,271 |
| Pension plan accruals and contributions | $170,086 |
| Other employee benefits | $274,407 |
| Payroll taxes | $143,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,624 |
| Fees for services: Accounting | $25,351 |
| 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 | $27,387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,053 |
| Interest | $1,459,969 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,952,207 |
| Insurance | $106,257 |
| All other expenses | $887,058 |
| Total functional expenses | $12,415,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,590,799 |
| Savings and temporary cash investments | $5,600,318 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,078,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,216,504 |
| Prepaid expenses and deferred charges | $66,309 |
| Net Land, buildings, and equipment | $118,306,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $640,249 |
| Total assets | $128,499,697 |
| Accounts payable and accrued expenses | $804,314 |
| 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 | $55,033,349 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $55,837,663 |
| Net assets without donor restrictions | $72,662,034 |
| 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 | $128,499,697 |