Browns Creek Water Co Inc
- Assets
- $2.3m
- Revenue
- $441.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Union, SC
- Founding
- 03/2010
- Data as of
- 12/2021
- EIN
- 57-0819589
Organization Overview
Browns Creek Water Co Inc is located in Union, SC. The organization was established in 2010. 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, Browns Creek Water Co Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Browns Creek Water Co 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, Browns Creek Water Co Inc generated $441.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $479.5k during the year ending 12/2021. While expenses have increased by 11.6% 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
AT BROWN'S CREEK WATER CO., INC., WE ARE COMMITTED TO PROVIDING SAFE, HIGH QUALITY WATER SERVICES TO OUR COMMUNITY, WHILE MAINTAINING A STANDARD OF EXCELLENCE IN CUSTOMER SERVICE AND ENVIRONMENTAL CONSERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION AND SALE OF WATER TO RESIDENTS AND BUSINESS WITHIN THE GEOGRAPHICAL BOUNDRIES OF THE DISTRICT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William H Teaster Director-Ope | OfficerTrustee | 40 | $48,571 |
Janice A Winstead Secretary/tr | OfficerTrustee | 40 | $33,460 |
Jimmy Teaster Field Manage | OfficerTrustee | 20 | $15,100 |
Duane Franklin Director | Trustee | 0.25 | $360 |
Tony Neal Director | Trustee | 0.25 | $320 |
Terry Bentley Director | Trustee | 0.25 | $280 |
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 | $7,000 |
| Investment income | $649 |
| 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 | $430,412 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $441,491 |
| 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. | $97,131 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,888 |
| Pension plan accruals and contributions | $19,348 |
| Other employee benefits | $0 |
| Payroll taxes | $9,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,085 |
| Fees for services: Accounting | $13,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25 |
| Office expenses | $17,837 |
| Information technology | $12,472 |
| Royalties | $0 |
| Occupancy | $12,952 |
| Travel | $8,439 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,727 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,090 |
| Insurance | $14,537 |
| All other expenses | $7,851 |
| Total functional expenses | $479,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $239,648 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,517 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,635 |
| Prepaid expenses and deferred charges | $6,967 |
| Net Land, buildings, and equipment | $1,972,643 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,305,410 |
| Accounts payable and accrued expenses | $27,047 |
| 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 | $735,952 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,150 |
| Total liabilities | $803,149 |
| 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 | $1,502,261 |
| Total liabilities and net assets/fund balances | $2,305,410 |
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