City Corporation
- Assets
- $192.5m
- Revenue
- $18.7m
- Investments
- $0.0
- Employees
- 78
- Location
- Russellville, AR
- Founding
- 03/1986
- Data as of
- 06/2022
- EIN
- 71-0614927
Organization Overview
City Corporation is located in Russellville, AR. The organization was established in 1986. 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 06/2022, City Corporation employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, City Corporation generated $18.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $17.3m during the year ending 06/2022. While expenses have increased by 3.1% 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
PROVISION OF WATER AND WASTEWATER TREATMENT SERVICES TO CITY OF RUSSELLVILLE, ARKANSAS AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER PRODUCED AND DISTRIBUTED AND WASTEWATER TREATED.
PROVISION OF WATER AND WASTE WATER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Mallett General Mgr | 40 | $172,397 | |
Todd Meimerstorf Director | Trustee | 1 | $0 |
Don Fronabarger Director | Trustee | 1 | $0 |
Hector Santillan Director | Trustee | 1 | $0 |
Jill Ward Director | Trustee | 1 | $0 |
Tim White 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 | $18,357,196 |
| Investment income | $278,966 |
| 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 | $18,660,828 |
| 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 | $3,515,710 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,078,534 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225,077 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,214,078 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,173,462 |
| Insurance | $0 |
| All other expenses | $1,027,291 |
| Total functional expenses | $17,251,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,672,492 |
| Savings and temporary cash investments | $16,715,301 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,637,806 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $563,082 |
| Prepaid expenses and deferred charges | $4,287,852 |
| Net Land, buildings, and equipment | $152,632,019 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $192,508,552 |
| Accounts payable and accrued expenses | $754,130 |
| 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 | $191,754,422 |
| Total liabilities | $192,508,552 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $192,508,552 |
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