Boyleston Waterworks Corporation
- Assets
- $1.8m
- Revenue
- $215.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Fairfield, IL
- Founding
- 10/1973
- Data as of
- 03/2021
- EIN
- 37-0958161
Organization Overview
Boyleston Waterworks Corporation is located in Fairfield, IL. The organization was established in 1973. 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 03/2021, Boyleston Waterworks Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boyleston Waterworks Corporation 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 03/2021, Boyleston Waterworks Corporation generated $215.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $218.2k during the year ending 03/2021. 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 UTILITY SYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPERATION, MAINTENANCE, AND EXPANSION OF A RURAL WATER UTILITY SYSTEM. THE TOTAL NUMBER OF MEMBERS SERVED IS APPROXIMATELY 355
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon K Young Director | Trustee | 0 | $12,635 |
William Dale Young Laborer | Officer | 7 | $4,580 |
Samuel R Resor Treasurer | OfficerTrustee | 5 | $2,706 |
Rebecca L Couch Secretary | Trustee | 0 | $396 |
Galen Dunn President | OfficerTrustee | 0 | $107 |
Clinton Legg Director | OfficerTrustee | 0 | $107 |
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 | $6,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,500 |
| Total Program Service Revenue | $202,119 |
| Investment income | $7,117 |
| 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 | $215,736 |
| 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. | $3,317 |
| Compensation of current officers, directors, key employees. | $3,317 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,910 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,677 |
| Fees for services: Other | $3,500 |
| Advertising and promotion | $35 |
| Office expenses | $669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,216 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15 |
| Interest | $28,110 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,695 |
| Insurance | $5,416 |
| All other expenses | $13,987 |
| Total functional expenses | $218,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,759 |
| Savings and temporary cash investments | $273,436 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,259 |
| 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 | $1,341 |
| Net Land, buildings, and equipment | $1,189,837 |
| Investments—publicly traded securities | $303,724 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,816,356 |
| Accounts payable and accrued expenses | $10,986 |
| 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 | $634,757 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,000 |
| Total liabilities | $647,743 |
| Net assets without donor restrictions | $1,119,183 |
| Net assets with donor restrictions | $49,430 |
| 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 | $1,816,356 |
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