Bethune Rural Water Company Inc
- Assets
- $3.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Bethune, SC
- Founding
- 12/1990
- Data as of
- 12/2021
- EIN
- 57-0554976
Organization Overview
Bethune Rural Water Company Inc is located in Bethune, SC. The organization was established in 1990. 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 12/2021, Bethune Rural Water Company Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethune Rural Water Company Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Bethune Rural Water Company Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $567.2k during the year ending 12/2021. While expenses have increased by 1.7% 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
RURAL WATER SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETHUNE RURAL WATER CO., INC. PROVIDES WATER SERVICE TO HOUSEHOLDS AND OTHER ENTITIES IN RURAL AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kershaw Graham Sec/treasurer | Trustee | 1 | $1,650 |
Tracey Coates President | Trustee | 1 | $1,650 |
Christopher H Mangum Board Member | Trustee | 1 | $1,100 |
Lynwood Horton Board Member | Trustee | 1 | $1,100 |
Daniel Catoe Vice President | Trustee | 1 | $700 |
Ralph Vincent Board Member | Trustee | 1 | $600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $373,130 |
| 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 | $373,130 |
| Total Program Service Revenue | $639,803 |
| Investment income | $926 |
| 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 | $1,013,859 |
| 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 | $130,688 |
| Pension plan accruals and contributions | $17,759 |
| Other employee benefits | $40,590 |
| Payroll taxes | $9,911 |
| Fees for services: Management | $7,600 |
| Fees for services: Legal | $6,355 |
| Fees for services: Accounting | $9,760 |
| 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 | $16,144 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,089 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,606 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,303 |
| Insurance | $11,418 |
| All other expenses | $95,762 |
| Total functional expenses | $567,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,593 |
| Savings and temporary cash investments | $230,630 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,644 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,692 |
| Prepaid expenses and deferred charges | $4,616 |
| Net Land, buildings, and equipment | $2,331,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,993,584 |
| Accounts payable and accrued expenses | $26,245 |
| Grants payable | $0 |
| Deferred revenue | $85,015 |
| 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 | $841,371 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $952,631 |
| Net assets without donor restrictions | $2,040,953 |
| 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 | $2,993,584 |
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