Clear Water Service Corporation
- Assets
- $5.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Mattoon, IL
- Founding
- 07/1977
- Data as of
- 09/2023
- EIN
- 37-1019959
Organization Overview
Clear Water Service Corporation is located in Mattoon, IL. The organization was established in 1977. 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 09/2023, Clear Water Service Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clear Water Service 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 09/2023, Clear Water Service Corporation generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $1.6m during the year ending 09/2023. While expenses have increased by 3.5% per year over the past 8 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 RURAL WATER SERVICE TO RESIDENTS OF COLES AND CUMBERLAND COUNTIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE OVER 150,000,000 GALLONS OF WATER TO OVER 3,000 RURAL CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Holt President | OfficerTrustee | 2 | $0 |
Stan Uphoff Vice-Preside | OfficerTrustee | 2 | $0 |
Pam Wright Secretary | OfficerTrustee | 1 | $0 |
Kyndy Schaefer Treasurer | OfficerTrustee | 1 | $0 |
Bob Schafer Asst. Secret | OfficerTrustee | 1 | $0 |
Chris Swing Asst. Treasu | OfficerTrustee | 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 | $1,509,961 |
| Investment income | $10,527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,598,980 |
| 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. | $160,987 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,944 |
| Pension plan accruals and contributions | $25,406 |
| Other employee benefits | $52,265 |
| Payroll taxes | $42,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,260 |
| 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 | $58,094 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,796 |
| Travel | $915 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $306,117 |
| Insurance | $24,416 |
| All other expenses | $115,294 |
| Total functional expenses | $1,622,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,322 |
| Savings and temporary cash investments | $1,083,679 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $184,794 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $58,479 |
| Prepaid expenses and deferred charges | $53,837 |
| Net Land, buildings, and equipment | $3,901,678 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,474,789 |
| Accounts payable and accrued expenses | $272,846 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $272,846 |
| Net assets without donor restrictions | $5,201,943 |
| 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 | $5,474,789 |