Southwater Inc
- Assets
- $7.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Tamms, IL
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 37-1338297
Organization Overview
Southwater Inc is located in Tamms, IL. The organization was established in 1998. 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 12/2022, Southwater Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwater Inc 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 12/2022, Southwater Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 1.0% 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
PROVIDE WATER SERVICES FOR COMMUNITIES AND FARM DWELLINGS IN RURAL SOUTHERN ILLINOIS. SOUTHWATER OPERATES A REGIONAL POTABLE WATER TREATMENT AND DISTRIBUTION SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHWATER PROVIDES WATER TO COMMUNITIES AND TO FARM DWELLINGS IN RURAL SOUTHERN ILLINOIS WITH A REGIONAL POTABLE WATER TREATMENT AND DISTRIBUTION SYSTEM. IN 2022, SOUTHWATER PROCESSED AND DELIVERED 224 MILLION GALLONS OF WATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Ury President | Trustee | 1 | $600 |
Lamar Houston Director | Trustee | 1 | $300 |
Scott Miller Vice President | Trustee | 1 | $600 |
Reana Wright Secretary/treasurer | Trustee | 1 | $600 |
Ryan Parr Director | Trustee | 1 | $200 |
Derek Hogue Executive Vice President | Officer | 40 | $79,584 |
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 | $1,577,051 |
| Investment income | $9,183 |
| 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 | $1,595,820 |
| 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. | $86,539 |
| Compensation of current officers, directors, key employees. | $86,539 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,361 |
| Pension plan accruals and contributions | $19,956 |
| Other employee benefits | $64,743 |
| Payroll taxes | $26,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,738 |
| Fees for services: Accounting | $15,500 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $157,592 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $206,571 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $664,639 |
| Insurance | $36,975 |
| All other expenses | $0 |
| Total functional expenses | $1,972,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,312 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $206,404 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $151,590 |
| Inventories for sale or use | $66,645 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,913,327 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,565,278 |
| Accounts payable and accrued expenses | $120,320 |
| 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 | $5,140,477 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,260,797 |
| Net assets without donor restrictions | $2,304,481 |
| 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 | $7,565,278 |