Regional Water

Organization Overview

Regional Water is located in Avoca, IA. The organization was established in 1977. 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 12/2021, Regional Water employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Water 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 12/2021, Regional Water generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 2.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

RURAL WATER SERVICE

Describe the Organization's Program Activity:

Part 3 - Line 4a

WATER PROCESSOR SERVING RURAL COMMUNITIES


WASTEWATER SYSTEM PROVIDED TO RURAL COMMUNITY


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Board, Officers & Key Employees

Name (title)Compensation
Charles Assman
Vice Preside
$0
Larry Klein
President
$0
Richard Lee
Secretary
$0
Jeff Walton
Treasurer
$0
Roger Sorensen
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $509,602
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$509,602
Total Program Service Revenue$3,076,046
Investment income $114,549
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $51,599
Net Gain/Loss on Asset Sales $1,912
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,753,708

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