Fayette Water Company
- Assets
- $20.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Brownstown, IL
- Founding
- 12/1996
- Data as of
- 06/2021
- EIN
- 37-1279790
Organization Overview
Fayette Water Company is located in Brownstown, IL. The organization was established in 1996. 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 06/2021, Fayette Water Company employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fayette Water Company 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 06/2021, Fayette Water Company generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RURAL WATER DELIVERY SYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE APPROXIMATELY 215,614,900 GALLONS OF WATER TO OVER 2,000 RURAL CUSTOMERS
CONTINUED CONSTRUCTION ON A NEW WATER PHASE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis L Vaughn President | OfficerTrustee | 1 | $0 |
Matt Howard Secretary | OfficerTrustee | 2 | $0 |
David Harrison Vice President | OfficerTrustee | 4 | $0 |
Andy Zeaman Treasurer | OfficerTrustee | 2 | $0 |
Jason Trexler Director | Trustee | 1 | $0 |
Kenny Barr Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C&s Companies Inc Engineering | 6/29/20 | $236,103 |
Milano & Grunlog Engineering | 6/29/20 | $170,444 |
Milano & Grunlog Engineering | 6/29/20 | $170,444 |
C&s Companies Inc Engineering | 6/29/20 | $236,103 |
Milano & Grunlog Engineering | 6/29/20 | $170,444 |
C&s Companies Inc Engineering | 6/29/20 | $236,103 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $66,414 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,437 |
| 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 | $111,851 |
| Total Program Service Revenue | $1,887,835 |
| Investment income | $7,912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,016,441 |
| 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. | $85,347 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,750 |
| Pension plan accruals and contributions | $12,253 |
| Other employee benefits | $9,663 |
| Payroll taxes | $25,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,779 |
| Fees for services: Accounting | $13,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,755 |
| Advertising and promotion | $1,086 |
| Office expenses | $79,415 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,515 |
| Travel | $31,814 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $295,519 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $701,454 |
| Insurance | $38,407 |
| All other expenses | $4,050 |
| Total functional expenses | $2,188,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $475,224 |
| Savings and temporary cash investments | $633,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $263,623 |
| 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 | $19,484,372 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,856,393 |
| Accounts payable and accrued expenses | $80,624 |
| Grants payable | $0 |
| Deferred revenue | $308,725 |
| 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 | $10,113,651 |
| Other liabilities | $84,440 |
| Total liabilities | $10,587,440 |
| Net assets without donor restrictions | $10,268,953 |
| 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 | $20,856,393 |
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|---|---|---|
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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 |