Southwest Regional Water District
- Assets
- $11.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Clarinda, IA
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 42-1099615
Organization Overview
Southwest Regional Water District, operating under the name Page 1 Rural Water District, is located in Clarinda, IA. The organization was established in 2007. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Page 1 Rural Water District employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Page 1 Rural Water District 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, Page 1 Rural Water District generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. 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
PROVIDE TREATED WATER AND WASTE DISPOSAL TO RESIDENTS OF PAGE COUNTY AND THE SOUTHWEST IOWA REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TREATED WATER AND WASTE DISPOSAL SYSTEMS TO RESIDENTS OF RURAL PAGE COUNTY AND SOUTHWEST IOWA REGION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Gowing Manager | 40 | $116,525 | |
Steve Carlson Secretary/tr | OfficerTrustee | 1 | $0 |
Lee Brooke President | OfficerTrustee | 1 | $0 |
Kim Gotschall Vice Preside | OfficerTrustee | 1 | $0 |
Brian Brockman Director | Trustee | 1 | $0 |
Tim Henke Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $257,509 |
| 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 | $257,509 |
| Total Program Service Revenue | $1,835,853 |
| Investment income | $12,166 |
| 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 | $2,105,528 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $553,716 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $42,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $700 |
| Fees for services: Accounting | $9,000 |
| 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 | $22,332 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,991 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $259,391 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $366,123 |
| Insurance | $36,411 |
| All other expenses | $42,859 |
| Total functional expenses | $1,763,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $795,324 |
| Savings and temporary cash investments | $909,444 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $164,798 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $187,707 |
| Prepaid expenses and deferred charges | $6,046 |
| Net Land, buildings, and equipment | $9,552,277 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,615,596 |
| Accounts payable and accrued expenses | $78,510 |
| Grants payable | $0 |
| Deferred revenue | $26,465 |
| 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 | $7,135,523 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,400 |
| Total liabilities | $7,251,898 |
| Net assets without donor restrictions | $4,363,698 |
| 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 | $11,615,596 |
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|---|---|---|
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Illinois Farm Business Farm Management Association Urbana, IL | $13,036,050 | $15,163,165 |
Minnesota Corn Growers Association Burnsville, MN | $3,976,064 | $6,629,781 |
National Snaffle Bit Association Inc Gurnee, IL | $5,863,990 | $6,575,627 |
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Wisconsin Soybean Marketing Board Inc Madison, WI | $9,285,621 | $7,489,309 |
Nebraska Farm Bureau Federation Lincoln, NE | $6,162,256 | $5,536,938 |
Agricultural Utilization Research Institute Crookston, MN | $5,866,335 | $5,389,230 |