Bonita Springs Utilities Inc
- Assets
- $389.1m
- Revenue
- $43.8m
- Investments
- $63.4m
- Employees
- 152
- Location
- Bonita Springs, FL
- Founding
- 06/1988
- Data as of
- 12/2021
- EIN
- 59-1350003
Organization Overview
Bonita Springs Utilities Inc is located in Bonita Springs, FL. The organization was established in 1988. 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, Bonita Springs Utilities Inc employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bonita Springs Utilities 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, Bonita Springs Utilities Inc generated $43.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $40.4m during the year ending 12/2021. While expenses have increased by 2.5% 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
SALE OF WATER AND WASTEWATER TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT YEAR-END, BSU PROVIDED WATER SERVICE TO APPROXIMATELY 30,660 CONNECTIONS AND WASTEWATER SERVICE TO APPROXIMATELY 28,060 CONNECTIONS WITHIN THE SERVICE AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Jenkins Executive Director | Officer | 40 | $408,835 |
Steven Richards Director Of Finance | Officer | 40 | $156,961 |
Andrew Koebel Director Of Operations | 40 | $140,817 | |
Kim Hoskins Director Of Enginnering | 40 | $139,639 | |
Mike Malloy Director | OfficerTrustee | 12 | $24,305 |
Paul Attwood Secretary | OfficerTrustee | 12 | $24,305 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ch2m Hill Engineers Inc Construction | 12/30/21 | $6,992,506 |
Ferguson Enterprises Inc Construction | 12/30/21 | $6,227,995 |
Ring Power Corporation Equipment | 12/30/21 | $2,251,600 |
Florida Utility Solutions Inc Construction | 12/30/21 | $1,313,922 |
Mitchell & Stark Construction Inc Construction | 12/30/21 | $756,155 |
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 | $43,045,597 |
| Investment income | $644,272 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$27,113 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,833,914 |
| 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 | $1,009,531 |
| Compensation of current officers, directors, key employees. | $1,064,997 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,687,677 |
| Pension plan accruals and contributions | $641,326 |
| Other employee benefits | $2,433,970 |
| Payroll taxes | $577,944 |
| Fees for services: Management | $233,821 |
| Fees for services: Legal | $161,868 |
| Fees for services: Accounting | $46,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,772 |
| Fees for services: Other | $344,778 |
| Advertising and promotion | $3,852 |
| Office expenses | $343,157 |
| Information technology | $1,101,511 |
| Royalties | $0 |
| Occupancy | $2,784,308 |
| Travel | $17,456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $818,546 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,759,475 |
| Insurance | $746,141 |
| All other expenses | $1,877,877 |
| Total functional expenses | $40,447,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,384,642 |
| Savings and temporary cash investments | $25,254,494 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,040,291 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,754,345 |
| Inventories for sale or use | $813,307 |
| Prepaid expenses and deferred charges | $583,030 |
| Net Land, buildings, and equipment | $283,948,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $63,408,328 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $875,496 |
| Total assets | $389,062,138 |
| Accounts payable and accrued expenses | $3,458,467 |
| Grants payable | $0 |
| Deferred revenue | $7,618,136 |
| Tax-exempt bond liabilities | $61,655,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,687,637 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,203,702 |
| Total liabilities | $84,622,942 |
| 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 | $166,468,048 |
| Retained earnings, endowment, accumulated income, or other funds | $137,971,148 |
| Total liabilities and net assets/fund balances | $389,062,138 |
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Georgia System Operations Corporation Tucker, GA | $29,189,224 | $80,847,817 |
Okefenoke Rural Electric Membership Corporation Nahunta, GA | $179,241,963 | $74,995,263 |
Sand Mountain Electric Cooperative Rainsville, AL | $117,656,125 | $77,979,953 |