N E Mt Vernon Water Company
- Assets
- $4.5m
- Revenue
- $905.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Mt Vernon, IL
- Founding
- 09/1993
- Data as of
- 03/2023
- EIN
- 37-1214300
Organization Overview
N E Mt Vernon Water Company is located in Mt Vernon, IL. The organization was established in 1993. 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 03/2023, N E Mt Vernon Water Company employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. N E Mt Vernon Water Company is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 03/2023, N E Mt Vernon Water Company generated $905.2k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $713.0k during the year ending 03/2023. 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 TO RURAL AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE WATER TO RURAL AREAS.
TO PROVIDE WATER TO RURAL AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenny Clark President | Officer | 1 | $1,200 |
Chris Bean Director | Trustee | 0.5 | $0 |
Ross Brown Trustee | Trustee | 0.5 | $0 |
David Jennings Director | Trustee | 0.5 | $0 |
Terry Knowles Director | Trustee | 0.5 | $0 |
Dwight Timmons Trustee | Trustee | 0.5 | $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 | $0 |
| Investment income | $6,569 |
| 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 | $895,709 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $905,220 |
| 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. | $1,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,654 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,730 |
| Payroll taxes | $13,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,464 |
| Advertising and promotion | $0 |
| Office expenses | $29,289 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,729 |
| Travel | $13,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $78,578 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $197,010 |
| Insurance | $33,553 |
| All other expenses | $1,197 |
| Total functional expenses | $713,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $905 |
| Savings and temporary cash investments | $757,880 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,785,749 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,544,534 |
| Accounts payable and accrued expenses | $9,305 |
| 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 | $1,794,031 |
| Other liabilities | $0 |
| Total liabilities | $1,803,336 |
| Net assets without donor restrictions | $2,621,396 |
| Net assets with donor restrictions | $119,802 |
| 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 | $4,544,534 |