Davison Rural Water System Inc
- Assets
- $5.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Mitchell, SD
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 46-0375023
Organization Overview
Davison Rural Water System Inc is located in Mitchell, SD. The organization was established in 1986. 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, Davison Rural Water System Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davison 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 12/2021, Davison Rural Water System Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.5m 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER TO RURAL COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION & OPERATION OF A RURAL WATER SYSTEM FOR DAVISON COUNTY, SOUTH DAKOTA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Weisz Chairman | OfficerTrustee | 1 | $2,067 |
Brian Bode Director | Trustee | 1 | $1,285 |
Dennis R Kiner Secretary/tr | OfficerTrustee | 1 | $1,284 |
Harvey Fouberg Director | Trustee | 1 | $1,266 |
Norman Neugebauer Vice Chairma | OfficerTrustee | 1 | $1,199 |
Bretton Young Director | Trustee | 1 | $900 |
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 | $1,318,989 |
| Investment income | $10,973 |
| 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 | $1,338,504 |
| 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 | $227,226 |
| Pension plan accruals and contributions | $11,004 |
| Other employee benefits | $17,612 |
| Payroll taxes | $16,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,136 |
| Fees for services: Accounting | $7,854 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,031 |
| Advertising and promotion | $1,138 |
| Office expenses | $13,022 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,983 |
| Travel | $3,993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,405 |
| Interest | $88,884 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $280,147 |
| Insurance | $17,354 |
| All other expenses | $2,454 |
| Total functional expenses | $1,472,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,500 |
| Savings and temporary cash investments | $1,282,790 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,670 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $124,121 |
| Prepaid expenses and deferred charges | $6,598 |
| Net Land, buildings, and equipment | $3,520,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $47,355 |
| Other assets | $12,335 |
| Total assets | $5,089,248 |
| Accounts payable and accrued expenses | $28,471 |
| Grants payable | $0 |
| Deferred revenue | $10,776 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,874,505 |
| Total liabilities | $1,913,752 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,175,496 |
| Total liabilities and net assets/fund balances | $5,089,248 |
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