St Johns River Utility Inc
- Assets
- $13.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Astor, FL
- Founding
- 07/1978
- Data as of
- 12/2022
- EIN
- 59-1412008
Organization Overview
St Johns River Utility Inc is located in Astor, FL. The organization was established in 1978. 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 12/2022, St Johns River Utility Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Johns River Utility 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 12/2022, St Johns River Utility Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NON-PROFIT WATER AND SEWER SERICE ASSOCATION 501(C)(12). PROVIDE WATER AND SEWER SERVICES TO MEMBERS OF THE ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDER OF WATER & SEWER SERVICES FOR MEMBERS LOCATED IN THE RURAL ASTOR-ASTOR PARK AREA OF LAKE AND VOLUSIA COUNTIES OF FLORIDA. AN APPORXIMATELY COMBINED 1,600 MEMBERS WERE PROVIDED WATER AND SEWER SERVICES DURING THE CALENDAR YEAR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Plummer President | OfficerTrustee | 2 | $0 |
Johnny Hutchinson Vice President | OfficerTrustee | 2 | $0 |
Walter Buckley Director | Trustee | 2 | $0 |
Richard Taylor Director | 2 | $0 | |
Kim Blair Secretary/treasurer | OfficerTrustee | 2 | $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 | $82,118 |
| Investment income | $3,701 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,800 |
| Net Gain/Loss on Asset Sales | -$7,603 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,498,748 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,581,764 |
| 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. | $2,700 |
| Compensation of current officers, directors, key employees. | $2,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $505,380 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $144,362 |
| Payroll taxes | $38,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,100 |
| 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 | $26,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,357 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $183,410 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $587,570 |
| Insurance | $31,175 |
| All other expenses | $0 |
| Total functional expenses | $1,872,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,900 |
| Savings and temporary cash investments | $1,042,128 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,251 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $91,385 |
| Prepaid expenses and deferred charges | $11,332 |
| Net Land, buildings, and equipment | $11,506,287 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,058,283 |
| Accounts payable and accrued expenses | $146,572 |
| Grants payable | $0 |
| Deferred revenue | $19,262 |
| 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 | $3,886,944 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,052,778 |
| Net assets without donor restrictions | $2,253,938 |
| Net assets with donor restrictions | $6,751,567 |
| 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 | $13,058,283 |