Hanson Rural Water System Inc
- Assets
- $7.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Emery, SD
- Founding
- 00/0000
- Data as of
- 10/2020
- EIN
- 46-0353646
Organization Overview
Hanson Rural Water System Inc is located in Emery, SD. The organization was established in 0000. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hanson 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 10/2020, Hanson Rural Water System Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.3m during the year ending 10/2020. While expenses have increased by 1.6% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A RURAL WATER SYSTEM FOR THE BENEFIT OF MEMBERS RESIDING IN HANSON COUNTY, SOUTH DAKOTA
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A RURAL WATER SYSTEM FOR THE BENEFIT OF MEMBERS RESIDING IN HANSON COUNTY, SOUTH DAKOTA
OPERATION OF A RURAL WATER SYSTEM FOR THE BENEFIT OF MEMBERS RESIDING IN HANSON COUNTY, SOUTH DAKOTA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Maiers Vice Chair | OfficerTrustee | 1 | $0 |
Ron Stahl Secretary/tr | OfficerTrustee | 1 | $0 |
Doug Degen Chairman | OfficerTrustee | 1 | $0 |
Donald Patzlaff Director | Trustee | 1 | $0 |
Lawrence Eich Director | Trustee | 1 | $0 |
Kenneth Kayser Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $26,415 |
| 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 | $1,370,325 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,810 |
| Payroll taxes | $0 |
| Fees for services: Management | $8,025 |
| Fees for services: Legal | $3,743 |
| Fees for services: Accounting | $7,402 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $214,264 |
| Advertising and promotion | $250 |
| Office expenses | $6,009 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,150 |
| Travel | $23,473 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,623 |
| Interest | $133,728 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $326,980 |
| Insurance | $15,326 |
| All other expenses | $0 |
| Total functional expenses | $1,279,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $574,323 |
| Savings and temporary cash investments | $1,571,150 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,809 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,133,700 |
| Other assets | $131,346 |
| Total assets | $7,567,604 |
| Accounts payable and accrued expenses | $43,543 |
| Grants payable | $0 |
| Deferred revenue | $5,757 |
| 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 | $3,092,544 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,141,844 |
| Net assets without donor restrictions | $0 |
| 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 | $4,425,758 |
| Total liabilities and net assets/fund balances | $4,425,760 |
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