N E Mt Vernon Water Company
- Assets
- $4.7m
- Revenue
- $881.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Mount Vernon, IL
- Founding
- 09/1993
- Data as of
- 03/2022
- EIN
- 37-1214300
Organization Overview
N E Mt Vernon Water Company is located in Mount 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 03/2022, N E Mt Vernon Water Company employed 6 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 03/2022, N E Mt Vernon Water Company generated $881.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $738.6k during the year ending 03/2022. While expenses have increased by 2.5% 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 TO RURAL AREAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING WATER TO RURAL AREAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenny Clark President | OfficerTrustee | 1 | $1,200 |
Jim Hertenstein Secretary | OfficerTrustee | 0.5 | $0 |
John Metcalf Treasurer | OfficerTrustee | 0.5 | $0 |
Jeanne Reynolds Vice President | OfficerTrustee | 0.5 | $0 |
David Jennings Director | Trustee | 0.5 | $0 |
Ross Brown Director | 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 | $6,177 |
| 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 | $872,841 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $881,112 |
| 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. | $1,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,904 |
| Pension plan accruals and contributions | $3,284 |
| Other employee benefits | $38,884 |
| Payroll taxes | $12,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,860 |
| Advertising and promotion | $0 |
| Office expenses | $24,091 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,366 |
| Travel | $11,013 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $87,391 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,316 |
| Insurance | $32,057 |
| All other expenses | $8,621 |
| Total functional expenses | $738,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $905 |
| Savings and temporary cash investments | $864,838 |
| 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 | $3,848,281 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,714,024 |
| Accounts payable and accrued expenses | $8,904 |
| 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 | $2,156,096 |
| Other liabilities | $0 |
| Total liabilities | $2,165,000 |
| Net assets without donor restrictions | $2,425,365 |
| Net assets with donor restrictions | $123,659 |
| 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 | $4,714,024 |
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