Food Processors Water Cooperative Inc
- Assets
- $631.0k
- Revenue
- $749.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Timberville, VA
- Founding
- 01/1951
- Data as of
- 12/2023
- EIN
- 54-0461860
Organization Overview
Food Processors Water Cooperative Inc is located in Timberville, VA. The organization was established in 1951. 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 12/2023, Food Processors Water Cooperative Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Processors Water Cooperative 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 12/2023, Food Processors Water Cooperative Inc generated $749.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $792.2k during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOOD PROCESSORS WATER COOPERATIVE, INC., SHALL CONSISTENTLY STRIVE TO PROVIDE EACH OF ITS CUSTOMERS AND OWNERS WITH A SUPERIOR PRODUCT THAT IS PRODUCED IN THE SAFEST, MOST COST-EFFICIENT MANNER AND TO PROVIDE SERVICE THAT IS FAIR AND UNINTERRUPTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLYING WATER, PROVIDING CONNECTION AND EQUIPMENT TO ITS MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael S Driver General Mana | Officer | 42 | $95,570 |
Angie Caplinger Sec/treas | Officer | 5 | $12,551 |
Jose Cabrera Director | Trustee | 0.1 | $200 |
R Edward Long Director | Trustee | 0.1 | $200 |
Graham Nesselrodt President | OfficerTrustee | 0.3 | $200 |
Kyle O'brien Director | Trustee | 0.1 | $200 |
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 | $746,340 |
| Investment income | $3,245 |
| 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 | $749,585 |
| 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. | $131,736 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $256,890 |
| Pension plan accruals and contributions | $12,812 |
| Other employee benefits | $25,388 |
| Payroll taxes | $28,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| 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 | $7,027 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,207 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,092 |
| Insurance | $23,530 |
| All other expenses | $25,172 |
| Total functional expenses | $792,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,442 |
| Savings and temporary cash investments | $128,211 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,769 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,911 |
| Prepaid expenses and deferred charges | $2,328 |
| Net Land, buildings, and equipment | $314,845 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,497 |
| Total assets | $631,003 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $37,500 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $593,503 |
| Total liabilities and net assets/fund balances | $631,003 |