South Lincoln Rural Water System Inc is located in Beresford, SD. The organization was established in 1984. 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, South Lincoln Rural Water System Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Lincoln Rural Water System Inc 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 12/2022, South Lincoln Rural Water System Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 8 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 CLEAN WATER TO RURAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RURAL MEMBERS WITH CLEAN WATER.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nancy Bitterman Treasurer | OfficerTrustee | 0 | $0 |
Roger Evanson Vice Chairman | OfficerTrustee | 0 | $0 |
Ralph Hammer Secretary | OfficerTrustee | 0 | $0 |
Lloyd Poppens Chairman | OfficerTrustee | 0 | $0 |
John Haverhals Director | Trustee | 0 | $0 |
Zach Jensen Director | Trustee | 0 | $0 |
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 | $3,839,984 |
Investment income | $41,098 |
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 | $3,892,622 |
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. | $40,166 |
Compensation of current officers, directors, key employees. | $40,166 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $459,749 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $197,890 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $25,264 |
Fees for services: Accounting | $5,686 |
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 | $68,019 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $317,219 |
Travel | $67,927 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $6,256 |
Interest | $119,529 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $583,085 |
Insurance | $33,904 |
All other expenses | $174,209 |
Total functional expenses | $2,586,820 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,701,803 |
Savings and temporary cash investments | $683,058 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $98,273 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $715,492 |
Prepaid expenses and deferred charges | $12,714 |
Net Land, buildings, and equipment | $14,448,355 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $17,659,695 |
Accounts payable and accrued expenses | $865,524 |
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 | $6,253,092 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $611,537 |
Total liabilities | $7,730,153 |
Net assets without donor restrictions | $9,929,542 |
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 | $17,659,695 |
Organization Name | Assets | Revenue |
---|---|---|
Lake Region Electric Association Inc Webster, SD | $46,798,980 | $19,860,340 |
Black Hills Electric Cooperative Inc Custer, SD | $75,104,972 | $23,022,656 |
Roseau Electric Cooperative Inc Roseau, MN | $41,619,663 | $19,513,008 |
Hill County Electric Cooperative Inc Havre, MT | $40,815,029 | $18,033,515 |
Lewis And Clark Rural Water System Inc Tea, SD | $426,307,061 | $39,792,007 |
West Central Electric Cooperative Incorporated Murdo, SD | $53,451,686 | $18,722,038 |
Midwest Reliability Organization Inc St Paul, MN | $14,721,870 | $17,505,130 |
Rathbun Regional Water Association Inc Centerville, IA | $143,535,509 | $19,524,917 |
Ravalli County Electric Cooperative Inc Victor, MT | $44,767,170 | $17,487,477 |
Wheatland Rural Electric Association Wheatland, WY | $32,258,120 | $17,112,530 |
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 |