Ridge Utilities Inc
- Assets
- $1.0m
- Revenue
- $361.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisa, VA
- Founding
- 03/1999
- Data as of
- 12/2022
- EIN
- 54-6041501
Organization Overview
Ridge Utilities Inc is located in Louisa, VA. The organization was established in 1999. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is the central organization for a national or regional group of organizations. Ridge Utilities 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, Ridge Utilities Inc generated $361.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $356.1k during the year ending 12/2022. While expenses have increased by 2.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WATER SERVICES TO MEMBERS OF THE BLUE RIDGE PROPERTY OWNERS ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE WATER SERVICES TO MEMBERS OF THE BLUE RIDGE PROPERTY OWNERS ASSOCIATION
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 |
|---|---|---|---|
Al Fortune President | OfficerTrustee | 1 | $0 |
Alex Maccormack Vice Preside | OfficerTrustee | 1 | $0 |
Stephen Tompkins Treasurer | OfficerTrustee | 1 | $0 |
Molli Ellis Secretary | OfficerTrustee | 1 | $0 |
William Munday Director | Trustee | 1 | $0 |
Eric Winfrey Director | Trustee | 1 | $0 |
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 | $360,972 |
| Investment income | $678 |
| 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 | $361,650 |
| 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 | $146,447 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,745 |
| Payroll taxes | $11,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $300 |
| Fees for services: Accounting | $6,050 |
| 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 | $4,581 |
| Information technology | $180 |
| Royalties | $0 |
| Occupancy | $4,809 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $785 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,583 |
| Insurance | $6,710 |
| All other expenses | $18,741 |
| Total functional expenses | $356,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,520 |
| Savings and temporary cash investments | $550,917 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,971 |
| 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 |
| Net Land, buildings, and equipment | $342,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,001,358 |
| Accounts payable and accrued expenses | $15,795 |
| 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 | $15,795 |
| Net assets without donor restrictions | $985,563 |
| 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 | $1,001,358 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Citizens Telephone Cooperative Floyd, VA | $58,558,437 | $16,787,574 |
Maryland Broadband Cooperative Inc Salisbury, MD | $13,982,344 | $9,031,284 |
West Laurel Water Association London, KY | $7,223,916 | $3,104,839 |
East Daviess County Water Association Inc Philpot, KY | $10,469,254 | $2,438,161 |
Kentucky School Boards Insurance Trust Frankfort, KY | $9,195,507 | $7,165,748 |
Kirksville Water Association Richmond, KY | $4,747,021 | $1,216,911 |
Alpine Lake Public Utilities Co Terra Alta, WV | $4,165,662 | $1,191,514 |
Ridge Utilities Inc Louisa, VA | $1,001,358 | $361,650 |
Groundhog Mtn Water & Sewer Company Inc Charlotte, NC | $818,657 | $135,066 |
Jason Water Corporation Snow Hill, NC | $752,068 | $98,047 |
Groundhog Mountain Property Owners Inc Charlottesville, VA | $322,277 | $0 |
Cooper Trash Parkout Inc Mc Lean, VA | $2,867 | $0 |