Dan River Water Inc
- Assets
- $10.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Eden, NC
- Founding
- 09/1969
- Data as of
- 06/2024
- EIN
- 56-0901770
Organization Overview
Dan River Water Inc is located in Eden, NC. The organization was established in 1969. 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 06/2024, Dan River Water Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dan River Water 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 06/2024, Dan River Water Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $3.1m during the year ending 06/2024. While expenses have increased by 6.2% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SALE OF WATER TO RURAL RESIDENTS OF ROCKINGHAM COUNTY, NORTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF WATER TO RURAL RESIDENTS OF ROCKINGHAM COUNTY, NORTH CAROLINA
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 |
|---|---|---|---|
John Hylton Sr President | Officer | 1 | $5,000 |
Daniel Fargis Treasurer | Officer | 1 | $5,000 |
John Edwards Vice-President | Officer | 1 | $5,000 |
Carter Combs Secretary | Officer | 1 | $5,000 |
Chris Pierson Director | Trustee | 0.5 | $2,000 |
Earl Garvin Director | Trustee | 0.5 | $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 | $3,114,560 |
| Investment income | $24,654 |
| 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 | $3,191,293 |
| 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. | $211,109 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $310,412 |
| Pension plan accruals and contributions | $25,820 |
| Other employee benefits | $60,529 |
| Payroll taxes | $39,737 |
| Fees for services: Management | $32,000 |
| Fees for services: Legal | $7,281 |
| Fees for services: Accounting | $19,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,635 |
| Fees for services: Other | $44,450 |
| Advertising and promotion | $0 |
| Office expenses | $32,551 |
| Information technology | $17,692 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84,174 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $402,489 |
| Insurance | $49,652 |
| All other expenses | $27,205 |
| Total functional expenses | $3,104,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $570 |
| Savings and temporary cash investments | $2,230,362 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $522,764 |
| 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 | $4,819 |
| Net Land, buildings, and equipment | $7,295,980 |
| Investments—publicly traded securities | $591,805 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,990 |
| Other assets | $0 |
| Total assets | $10,651,290 |
| Accounts payable and accrued expenses | $226,762 |
| 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 | $2,054,352 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $211,990 |
| Total liabilities | $2,493,104 |
| Net assets without donor restrictions | $7,848,388 |
| Net assets with donor restrictions | $309,798 |
| 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 | $10,651,290 |