Oswego Rural Water Company Inc
- Assets
- $5.1m
- Revenue
- $653.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Sumter, SC
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 57-0752860
Organization Overview
Oswego Rural Water Company Inc is located in Sumter, SC. The organization was established in 1985. 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, Oswego Rural Water Company Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oswego Rural Water Company 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, Oswego Rural Water Company Inc generated $653.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $731.8k during the year ending 12/2021. While expenses have increased by 3.9% 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 TO SPECIFIC RURAL AREAS OF SUMTER COUNTY, SC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE WATER SERVICE TO SPECIFIC RURAL AREAS OF SUMTER COUNTY, SC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rogers Reynolds President | Officer | 1 | $0 |
Pat Posey Vice Preside | Officer | 1 | $0 |
Mae Ruth Cooke Director | Trustee | 1 | $0 |
Michael Grooms Director | Trustee | 1 | $0 |
Moses Hudson Director | Trustee | 1 | $0 |
Inge Hamilton 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 | $571,364 |
| Investment income | $21,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,536 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $653,653 |
| 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 | $53,220 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,000 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,480 |
| Advertising and promotion | $0 |
| Office expenses | $1,953 |
| Information technology | $1,797 |
| Royalties | $0 |
| Occupancy | $3,503 |
| Travel | $633 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $225 |
| Interest | $88,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,703 |
| Insurance | $4,059 |
| All other expenses | $10,477 |
| Total functional expenses | $731,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,977 |
| Savings and temporary cash investments | $577,469 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,126 |
| 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 | $3,749,725 |
| Investments—publicly traded securities | $589,898 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,133,195 |
| Accounts payable and accrued expenses | $26,345 |
| Grants payable | $0 |
| Deferred revenue | $68,724 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $62,836 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,243,240 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,401,145 |
| Net assets without donor restrictions | $2,582,110 |
| Net assets with donor restrictions | $149,940 |
| 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 | $5,133,195 |
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