Energy United Water Corporation
- Assets
- $14.1m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Hiddenite, NC
- Founding
- 02/1966
- Data as of
- 06/2022
- EIN
- 56-0796237
Organization Overview
Energy United Water Corporation is located in Hiddenite, NC. The organization was established in 1966. 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 06/2022, Energy United Water Corporation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energy United Water Corporation 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 06/2022, Energy United Water Corporation generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 3.8% 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 RURAL WATER SUPPLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL WATER SUPPLIED TO APPROXIMATELY 5,200 MEMBERS
RURAL WATER SUPPLIED TO APPROXIMATELY 5,200 MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Watts Manager | Officer | 40 | $104,179 |
Robin Loudermilt Office Mgr | Officer | 40 | $72,161 |
Jerry L Durmire President | OfficerTrustee | 20 | $18,962 |
Diane Dellinger Sec./treas. | OfficerTrustee | $0 | |
Ronnie Robinette Vice Preside | OfficerTrustee | $0 | |
Leo Chapman Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,677 |
| 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 | $85,677 |
| Total Program Service Revenue | $3,769,503 |
| Investment income | $25,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,941,663 |
| 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. | $195,302 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $403,413 |
| Pension plan accruals and contributions | $125,726 |
| Other employee benefits | $0 |
| Payroll taxes | $44,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,513 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,773 |
| Travel | $5,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89,209 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $386,784 |
| Insurance | $133,806 |
| All other expenses | $314,096 |
| Total functional expenses | $3,463,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $765,306 |
| Savings and temporary cash investments | $1,838,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $336,272 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $319,925 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,263 |
| Net Land, buildings, and equipment | $10,806,799 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,504 |
| Total assets | $14,143,919 |
| Accounts payable and accrued expenses | $343,833 |
| 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 | $3,669,749 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $850,038 |
| Total liabilities | $4,863,620 |
| 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 | $9,280,299 |
| Total liabilities and net assets/fund balances | $14,143,919 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Middle Georgia Electric Membership Corporation Vienna, GA | $60,693,839 | $19,174,900 |
Davidson Water Inc Welcome, NC | $156,115,966 | $18,462,382 |
Upson Electric Membership Corporation Thomaston, GA | $38,150,316 | $15,452,555 |
Craig-Botetourt Electric Co-Operative New Castle, VA | $37,707,997 | $13,868,268 |
St Johns Water Company Inc Johns Island, SC | $62,033,929 | $16,064,888 |
Electric Cooperatives Of South Carolina Cayce, SC | $5,304,727 | $13,048,925 |
Chickasaw Electric Cooperative Inc Somerville, TN | $53,475,417 | $11,540,498 |
Blue Ridge Rural Water Company Inc Greer, SC | $33,266,224 | $12,364,390 |
Little River Water & Sewerage Co Inc Little River, SC | $83,724,429 | $7,728,699 |
Virginia Maryland Delaware Association Of Electric Cooperativ Glen Allen, VA | $4,896,321 | $7,911,064 |
Tennessee One-Call System Inc Nashville, TN | $15,040,368 | $8,322,679 |
Chesterfield County Rural Water Co Inc Chesterfield, SC | $24,541,515 | $7,004,107 |