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 12/2021, Ridge Utilities Inc generated $313.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $301.0k during the year ending 12/2021. While expenses have increased by 1.0% 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
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Al Fortune President | OfficerTrustee | 1 | $0 |
Stephen Tompkins Treasurer | OfficerTrustee | 1 | $0 |
Alex Maccormack Vice Preside | OfficerTrustee | 1 | $0 |
Molli Ellis Secretary | OfficerTrustee | 1 | $0 |
Curt Heidel General Mana | Officer | 1 | $0 |
Eric Winfrey Director | Trustee | 1 | $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 | $299,761 |
Investment income | $1,474 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $12,000 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $313,235 |
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 | $139,452 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $14,978 |
Payroll taxes | $10,039 |
Fees for services: Management | $0 |
Fees for services: Legal | $49 |
Fees for services: Accounting | $6,550 |
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 | $4,184 |
Information technology | $258 |
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 | $2,633 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $42,615 |
Insurance | $6,364 |
All other expenses | $17,214 |
Total functional expenses | $301,001 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $43,284 |
Savings and temporary cash investments | $501,971 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $67,047 |
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 | $383,234 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $995,536 |
Accounts payable and accrued expenses | $15,571 |
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 | $15,571 |
Net assets without donor restrictions | $979,965 |
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 | $995,536 |
Organization Name | Assets | Revenue |
---|---|---|
Citizens Telephone Cooperative Floyd, VA | $51,526,560 | $17,586,773 |
Maryland Broadband Cooperative Inc Salisbury, MD | $10,221,710 | $7,937,357 |
West Laurel Water Association London, KY | $7,194,602 | $2,712,671 |
Kentucky School Boards Insurance Trust Frankfort, KY | $9,762,236 | $6,954,916 |
East Daviess County Water Association Inc Philpot, KY | $8,177,247 | $1,911,945 |
Alpine Lake Public Utilities Co Terra Alta, WV | $4,532,605 | $1,119,647 |
Kirksville Water Association Richmond, KY | $4,878,304 | $2,383,613 |
Ridge Utilities Inc Louisa, VA | $995,536 | $313,235 |
Jason Water Corporation Snow Hill, NC | $571,862 | $93,678 |
Groundhog Mtn Water & Sewer Company Inc Charlotte, NC | $818,657 | $135,066 |
Groundhog Mountain Property Owners Inc Fancy Gap, VA | $312,730 | $0 |
Cooper Trash Parkout Inc Mc Lean, VA | $133 | $0 |