Kentucky Rural Water Association
- Assets
- $4.1m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 26
- Location
- Bowling Green, KY
- Founding
- 04/1997
- Data as of
- 09/2023
- EIN
- 61-0960314
Organization Overview
Kentucky Rural Water Association is located in Bowling Green, KY. The organization was established in 1997. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Kentucky Rural Water Association employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Rural Water Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Kentucky Rural Water Association generated $3.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $3.7m during the year ending 09/2023. While expenses have increased by 9.5% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP LOCAL WATER DISTRICTS OPERATE EFFECTIVELY & EFFICIENTLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAMS ARE DESIGNED TO ASSIST LOCAL WATER & WASTEWATER DISTRICTS IN SECURING FINANCING & EDUCATION FOR SYSTEM DEVELOPMENT & EXPANSION, PROMOTE WATER CONSERVATION & ASSIST THEM IN COMPLIANCE WITH STATE & FEDERAL DRINKING WATER ACT. GRANTS TO ACCOMPLISH THESE GOALS ARE FROM THE EPA & THE USDA RURAL DEVELOPMENT THROUGH THE NATIONAL RURAL WATER ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Young Ex. Director | Officer | 40 | $81,194 |
William Ballard Director | Trustee | 1 | $0 |
Roger Colburn Vice Preside | Trustee | 1 | $0 |
John Dix Director | Trustee | 1 | $0 |
Clay Kelly Associate Ad | Trustee | 1 | $0 |
Christina O'bryan Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,142,236 |
| 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 | $2,142,236 |
| Total Program Service Revenue | $1,524,678 |
| Investment income | $84,927 |
| 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 | $3,751,841 |
| 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 | $1,607,664 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $537,911 |
| Payroll taxes | $116,139 |
| Fees for services: Management | $32,438 |
| Fees for services: Legal | $39,151 |
| Fees for services: Accounting | $15,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $302,153 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,400 |
| Travel | $311,792 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $284,967 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,989 |
| Insurance | $13,478 |
| All other expenses | $153,942 |
| Total functional expenses | $3,722,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $645,403 |
| Savings and temporary cash investments | $2,524,426 |
| Pledges and grants receivable | $255,548 |
| Accounts receivable, net | $101,566 |
| 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 | $11,994 |
| Net Land, buildings, and equipment | $566,104 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,388 |
| Total assets | $4,126,429 |
| Accounts payable and accrued expenses | $528,115 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,864 |
| Total liabilities | $547,979 |
| Net assets without donor restrictions | $3,578,450 |
| 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 | $4,126,429 |