West Prairie Water Co
- Assets
- $5.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Arcola, IL
- Founding
- 06/2000
- Data as of
- 09/2023
- EIN
- 36-4148800
Organization Overview
West Prairie Water Co is located in Arcola, IL. The organization was established in 2000. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Prairie Water Co 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 09/2023, West Prairie Water Co generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.3m during the year ending 09/2023. While expenses have increased by 7.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WATER SERVICES TO RURAL AREAS IN DOUGLAS COUNTY AND MOULTRIE COUNTY, ILLINOIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE WATER SERVICES TO RURAL AREAS. THE ORGANIZATION SERVES APPROXIMATELY 1,218 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Helmuth President | OfficerTrustee | 7 | $3,660 |
Chad Yoder Treasurer | OfficerTrustee | 4 | $2,460 |
Joe Gingerich Vice Pres. | OfficerTrustee | 4 | $1,860 |
Melvin Miller Director | Trustee | 2 | $960 |
Gregg Hilgenberg Director | Trustee | 2 | $800 |
Rod Kennel Director | Trustee | 2 | $800 |
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 | $1,377,966 |
| Investment income | $11,986 |
| 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 | $1,389,952 |
| 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. | $10,940 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,799 |
| Advertising and promotion | $0 |
| Office expenses | $22,310 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112,296 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $225,521 |
| Insurance | $8,199 |
| All other expenses | $8,408 |
| Total functional expenses | $1,305,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,576 |
| Savings and temporary cash investments | $476,531 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $132,263 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,846 |
| Net Land, buildings, and equipment | $4,401,983 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,243,199 |
| Accounts payable and accrued expenses | $82,472 |
| 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 | $3,152,180 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,500 |
| Total liabilities | $3,245,152 |
| Net assets without donor restrictions | $1,998,047 |
| 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 | $5,243,199 |