Jersey County Rural Water Company Inc
- Assets
- $18.6m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Jerseyville, IL
- Founding
- 09/1974
- Data as of
- 09/2022
- EIN
- 37-0971430
Organization Overview
Jersey County Rural Water Company Inc is located in Jerseyville, IL. The organization was established in 1974. 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 09/2022, Jersey County Rural Water Company Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jersey County Rural Water Company 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 09/2022, Jersey County Rural Water Company Inc generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $3.7m during the year ending 09/2022. 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
PROVIDING WATER SERVICE TO RURAL CUSTOMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JERSEY COUNTY RURAL WATER COMPANY PROVIDES WATER SERVICES FOR APPROXIMATELY 5,000 CUSTOMERS NOT SERVED BY THE MUNICIPAL WATER SERVICE. BY CHARGING WATER USER FEES AND INSTALLATIONS FEES, THE COMPANY IS ABLE TO CONTINUE SERVICING ITS EXISTING CUSTOMERS AND NEW CUSTOMERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Davenport Director-Pre | OfficerTrustee | 2 | $1,700 |
Michael Wayne Kiel Director-Tre | OfficerTrustee | 2 | $1,325 |
John Maher Director-Sec | OfficerTrustee | 2 | $1,325 |
Rick Pranger Director | Trustee | 2 | $1,300 |
David Elliott Director-Vic | OfficerTrustee | 2 | $1,200 |
Michael Springman Director | Trustee | 2 | $1,200 |
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 | $3,671,707 |
| Investment income | $6,217 |
| 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 | $3,733,288 |
| 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. | $9,150 |
| Compensation of current officers, directors, key employees. | $9,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $613,585 |
| Pension plan accruals and contributions | $62,364 |
| Other employee benefits | $180,905 |
| Payroll taxes | $52,868 |
| Fees for services: Management | $2,500 |
| Fees for services: Legal | $8,742 |
| Fees for services: Accounting | $9,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,173 |
| Advertising and promotion | $8,065 |
| Office expenses | $74,376 |
| Information technology | $52,681 |
| Royalties | $0 |
| Occupancy | $101,415 |
| Travel | $67,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,828 |
| Interest | $1,315 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $627,181 |
| Insurance | $47,676 |
| All other expenses | $67,970 |
| Total functional expenses | $3,650,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $907,585 |
| Savings and temporary cash investments | $658,549 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $473,369 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $515,060 |
| Prepaid expenses and deferred charges | $7,650 |
| Net Land, buildings, and equipment | $15,229,556 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $797,127 |
| Total assets | $18,588,896 |
| Accounts payable and accrued expenses | $473,139 |
| Grants payable | $0 |
| Deferred revenue | $3,850 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $3,986,780 |
| Other liabilities | $268,940 |
| Total liabilities | $4,732,709 |
| Net assets without donor restrictions | $13,856,187 |
| 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 | $18,588,896 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Rural Electric Cooperative Palmyra, MO | $37,368,089 | $19,573,881 |
Jay County Rural Electric Membership Corporation Portland, IN | $32,510,611 | $21,221,936 |
Monroe County Electric Coop Inc Waterloo, IL | $48,641,421 | $17,977,778 |
Gascosage Electric Cooperative Dixon, MO | $57,774,455 | $19,748,899 |
Orange County Rural Electric Membership Corporation Orleans, IN | $101,879,716 | $17,771,155 |
North Central Missouri Electric Cooperative Inc Milan, MO | $39,341,969 | $18,294,115 |
Rathbun Regional Water Association Inc Centerville, IA | $143,535,509 | $19,524,917 |
Oconto Electric Cooperative Oconto Falls, WI | $45,027,823 | $17,184,584 |
Clinton County Electric Cooperative Inc Breese, IL | $36,047,909 | $16,814,895 |
T I P Rural Electric Cooperative Brooklyn, IA | $57,344,467 | $17,059,790 |
Nishnabotna Valley Rural Electric Cooperative Harlan, IA | $46,708,124 | $17,798,413 |
Central Wisconsin Electric Cooperative Rosholt, WI | $60,789,666 | $16,195,495 |