Hickory-Kerton Water Co-Op
- Assets
- $3.2m
- Revenue
- $620.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Rushville, IL
- Founding
- 01/1988
- Data as of
- 04/2022
- EIN
- 37-1075666
Organization Overview
Hickory-Kerton Water Co-Op is located in Rushville, IL. 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 04/2022, Hickory-Kerton Water Co-Op employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hickory-Kerton Water Co-Op 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 04/2022, Hickory-Kerton Water Co-Op generated $620.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $653.5k during the year ending 04/2022. While expenses have increased by 1.2% 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
TO PROVIDE WATER SERVICE TO ITS MEMBERSHIP LOCATED IN RURAL WEST-CENTRAL ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER SERVICE TO ITS MEMBERSHIP LOCATED IN RURAL WEST-CENTRAL ILLINOIS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Baker President | Officer | 1 | $0 |
Kenneth Walters Treasurer | Officer | 1 | $0 |
Vic Menely Director | Officer | $0 | |
Duane Davis Secretary | Trustee | $0 | |
Don Malone Director | Trustee | $0 | |
Heath White Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,368 |
| 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 | $20,368 |
| Total Program Service Revenue | $599,018 |
| Investment income | $783 |
| 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 | $620,169 |
| 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 | $116,141 |
| Pension plan accruals and contributions | $2,808 |
| Other employee benefits | $9,000 |
| Payroll taxes | $8,522 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,305 |
| Fees for services: Accounting | $12,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,762 |
| Office expenses | $6,223 |
| Information technology | $24,074 |
| Royalties | $0 |
| Occupancy | $14,804 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,687 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,789 |
| Insurance | $13,999 |
| All other expenses | $13,343 |
| Total functional expenses | $653,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,119 |
| Savings and temporary cash investments | $149,892 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,681 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,430 |
| Prepaid expenses and deferred charges | $20,123 |
| Net Land, buildings, and equipment | $2,794,589 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,232,834 |
| Accounts payable and accrued expenses | $50,878 |
| Grants payable | $0 |
| Deferred revenue | $3,323 |
| 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 | $160,936 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,225,172 |
| Total liabilities | $1,440,309 |
| Net assets without donor restrictions | $0 |
| 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 | $1,783,073 |
| Retained earnings, endowment, accumulated income, or other funds | $9,452 |
| Total liabilities and net assets/fund balances | $3,232,834 |
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